Item 2. Properties
ITEM
2. PROPERTIES
We
do not own any real estate or other physical properties materially important to our operations. The Company entered into short-term agreements
for temporary office space expiring through October 31, 2021. For the years ended December 31, 2021 and 2020, the Company incurred
rent expense of $23,639 and $3,978, respectively. The remaining amounts due under these agreements for the year ended December 31, 2021
and 2022 is approximately $16,812 and $0, respectively.
Effective
February 1, 2021, the Company entered into a new lease for office space located in Shanghai China for a one-year period. The
cost is 16,000 RMB per month. We consider our current office space, combined with other office space otherwise available to our executive
officers, adequate for our current operations.
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