Item 1B. Unresolved Staff Comments
Item
1B. Unresolved Staff Comments
Not
applicable.
Item
2. Description of Property.
On
December 2, 2021, the Company entered into a 62-month lease for 4,141 square feet of office space in Florida, for $186,345 annually.
The rent increases 3% annually. The lease commenced upon occupancy on June 13, 2022, and will expire on August 31, 2027.
For
our facilities in Poole, England, we rent office and warehouse space of approximately 2,660 square feet for £30,000 annually or
approximately USD $40,000, based on a yearly average exchange rate of 1.3269 GBP:USD. The Poole lease was renewed on October 6, 2022,
and will expire October 31, 2023.
We
believe that we have adequate space for our anticipated needs and that suitable additional space will be available at commercially reasonable
prices as needed.
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.