Item 2. Properties
ITEM
2. Properties
Our
principal executive office, including our headquarters, is located at 10 Times Square, 30th Floor, New York, NY 10018, covering approximately
7,800 square feet. We lease this office under a long-term lease commencing from April 1, 2024 through July 31, 2031, with the monthly
lease rent of $33,605 to be increased by 2.5% on an annual basis.
In
August 2024, we purchased a 1.64-acre land package in the historic Heritage Center Industrial Park in Oak Ridge, Tennessee for $1.7
million. The purchase includes a 14,000 sq. ft., 2-story building to house our Nuclear Technology Headquarters. Situated in a world-class
location for innovative nuclear technology research and development, this facility will serve as the central hub for our advanced nuclear
technology design and engineering capabilities. The Nuclear Technology Headquarters is near the Oak Ridge National Laboratory, the Spallation
Neutron Source, the National Transportation Research Center, and The University of Tennessee’s Center of Excellence in Engineering.
We expect to grow the number of personnel working at the facility over the next year and expect to ultimately employ up to 30 personnel
at the facility.
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