Item 2. Properties
ITEM
2. PROPERTIES
OMNIQ’s
corporate offices are currently located at 1865 West 2100 South, Salt Lake City, UT 84119. Our executive management, sales,
operations accounting and administrative functions are located at the corporate offices. The corporate office annual lease expense
is $177,600 and the lease term does not exceed one year.
We
lease office space for our software developers in Akron, Ohio. The lease provides for monthly payments of $3000.
The space is under a five-year lease and expires May 2023.
We lease office and warehouse space
for our satellite sales and technical support staff in Anaheim, California. The lease is month to month and annual lease
expense is $36,000.
We also lease office space for
research and development employees located in Israel. The lease expense for the years ending December 31, 2020 and 2019 was 20
Thousand Shekels per month.
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