Item 2. Properties
ITEM 2. PROPERTIES
We currently operate one facility located in the United States and
one facility located in China. Our corporate offices and primary research facilities are located in Germantown, Maryland, where
we lease approximately 1,500 square feet. This lease provides for monthly payments of approximately $5,600 per month and expires
on December 31, 2021.
We also lease approximately 11,300 square feet of research facility
in the People’s Republic of China. This lease commenced in September 2019, provides for minimum lease payments of approximately
$4,400 per month, expires in September 2024 and provides us with a future first right of refusal for extending the lease beyond
its expiration.
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