Item 2. Properties
ITEM
2. PROPERTIES.
We
lease approximately 3,700 square feet of space at 3900 Paseo del Sol, Santa Fe, New Mexico 87507, including 1,772 square feet
of office space at units, C-14, C-15, C-16, C-17, C-20, C-21 and D-34 for a total monthly rent expense of approximately $3,840
under the lease, and 1,928 square feet of warehouse / production space at units E-38, E-40 and E-42, for a total monthly rent
expense of approximately $2,275 under the lease. The leases expire on July 31, 2021. We believe that our facilities are
suitable for our current needs, but we are evaluating the need for a larger space as we grow.
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