Item 1B. Unresolved Staff Comments
Item
1B. Unresolved Staff Comments
Not
applicable.
Item
2. Property
Our
corporate offices are located at 360 Madison Avenue, 25th Floor, New York, NY 10017, which is leased through our parent corporation PAVmed
Inc. The lease for this space is for seven years and eight months, starting on February 1, 2023, and may not be terminated prior to expiration
of its stated term, except in limited circumstances due to misconduct by our landlord.
The
Company has a lease agreement for its CLIA laboratory in California with 21,019 square feet, which has a remaining term of 2
years. We also have lease agreements for our Lucid Test Centers in various locations in Arizona, California, Colorado, Florida, Idaho,
Illinois, Nevada, Ohio, Oregon, Texas and Utah that in the aggregate approximate 11,429 square feet. At this time, we
consider our facility space to be commensurate with our current operations. Notwithstanding, we may obtain additional office space in
the future, as warranted by our business operations.
Effective
with their respective lease commencement dates, subsequent to December 31, 2022, the Company has entered into additional lease agreements
for additional Lucid Testing Centers (LTCs) with an aggregate of approximately 2,046 square feet.
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