Item 2. Properties
Item 2. Properties
Currently, we do not own any real estate. Our
principal executive offices are located at 400 Water Street, Suite 200, Rochester, Michigan 48307.
As of December 31, 2022, we have operating
leases for office space in two multitenant facilities. The leases include our headquarters space in Rochester, Michigan and a technical
facility in Zagreb, Croatia. The lease in Rochester, Michigan expires November 30, 2023, with a two-year renewal option through 2025,
and has a monthly rent of $6,384 to $6,688. The lease in Zagreb, Croatia expires February 2024 and has a monthly rent of approximately
$1,883. We also had a lease on office space in Cranbury, New Jersey which expired in January 2022; we did not renew this lease. We also
lease minor amounts of space in shared space facilities on a month-to-month basis as necessary.
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