Item 2. Properties
ITEM 2: PROPERTIES
We do not own any property.
KonaTel, Inc. has a lease on the following property:
On December 18, 2020, we entered into a lease of an
office suite in Plano, TX, which commenced on January 25, 2021. Lease payments were deferred until May 1, 2021. Commencing on May 1, 2021,
lease payments are $3,650 per month for the twelve (12)-month period ended April 30, 2022. The lease term is for five (5) years.
Through our wholly owned subsidiary, IM Telecom, we
have a lease on the following property:
Our Tulsa, Oklahoma retail storefront and office consisting
of approximately 1,100 square feet and located at 3401 East Admiral Place, Tulsa, Oklahoma 74115, is under a lease that commenced February
1, 2019, and expires on November 30, 2021, at monthly rent of $950 for 2019 and $1,000 for 2020 and 2021. This lease is currently on a
month-to-month term at a rate of $1,000 per month.
Through our wholly owned subsidiary, Apeiron Systems, we have leases on
the following properties:
Our Culver City, California office is subleased from
Chambers Design Group, consisting of approximately 1,636 feet, located at 5855 Green Valley Circle, Culver City, CA 90230, and expires
May14, 2022, at a monthly rent of $4,663.
Our Johnstown, Pennsylvania office, consisting of
approximately 1,500 square feet and located at 112 Lindberg Ave, Johnstown, Pennsylvania 15905, is under a lease that commenced April
15, 2019, and is under a month-to-month term at a monthly rent of $1,073.
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ITEM 3: LEGAL PROCEEDINGS
We are not party to any material legal proceedings
ITEM 4: MINE SAFETY DISCLOSURES
None; not applicable.
PART II
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