Item 2. Properties
ITEM
2. PROPERTIES
Our
principal executive offices are located at Unit 200, 111 Gordon Baker Road, North York, Ontario M2H 3R1. The Company leases all its office
premises in Ontario, Canada. The Company extended the current premises of 4,894 sq. ft. lease to January 1, 2030 and acquired additional
premises of 8,368 square feet adjacent to the current office premises with the same landlord. The additional premises lease also expires
on January 1, 2030. The total area of use by The Company is 13,262 sq. ft. The Company recognized a right-of-use asset and corresponding
lease liability in respect of this lease. Our registered and records office is located at 67 Mowat Avenue, Suite 122, Toronto, Ontario
M6K 3E3. We believe that our current office space will be adequate for the foreseeable future.
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