Item 2. Properties
Item 2.
Properties .
Our
executive offices are located at 11900 Biscayne Blvd., Suite 630, North Miami, Florida 33181. Our executive offices are provided to us
by the parent of our majority stockholder, Tekcapital. We consider our current office space adequate for our operations.
From
June 1, 2020, through February 1, 2022, we paid Tekcapital $25,000 per fiscal quarter under a management service agreement,
which included rent-free office space, utilities, advisory services and other services. This agreement was amended effective February 1,
2022 such that we are billed $35,000 per fiscal quarter and no longer receive rent-free office space. Since then, Tekcapital bills us
for an allocation of rent paid by Tekcapital on our behalf, and we recognized $74,442 of expense related to rent for the year ended December 31,
2022. Our management service agreement with Tekcapital does not stipulate a specific maturity date, and can be terminated with 30 calendar
days written notice by any party.
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