Item 2. Properties
ITEM 2: PROPERTIES
In January 2023, we entered into a
new lease agreement with a 48-month term, effective February 1, 2023, pursuant to which we leased approximately 24,000 square feet of
a building located in San Diego, California. We occupied this space in March 2023, as the lease for our former corporate facility in San
Diego, California expires June 30, 2023. In addition to the minimum lease payments under these leases, we are responsible for property
taxes, insurance and certain other operating costs under. We believe that our existing facilities are adequate to meet our current needs.
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