Item 2. Properties
Item 2. Properties.
Office Leases
Our primary lease commitments relate to our corporate headquarters. In April 2021, we relocated our corporate headquarters, terminating our prior lease on April 30, 2021. For the year ended December 31, 2021, we recorded an expense of approximately $4.0 million in connection with these two leases.
In addition, we have a lease through February 2025 for our Lima One offices located in Greenville, South Carolina.
At December 31, 2021, we expect our future rent expense, exclusive of possible rent escalation charges and normal recurring charges for maintenance, insurance and taxes, to be approximately $5.0 million per year.
Item 3. Legal Proceedings.
There are no material legal proceedings to which we are a party or to which any of our assets are subject.
Item 4. Mine Safety Disclosures
Not applicable.
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Table of Contents
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.