Item 1B. Unresolved Staff Comments
Item
1B. Unresolved Staff Comments
Not
applicable.
Item
2. Property
Our
corporate offices are located at One Grand Central Place, 60 East 42nd Street, Suite 4600, New York, NY 10165. The office rental agreement
is currently on a month-to-month basis, and can be cancelled with two months written notice. We also have a short-term office space rental
agreement in Pennsylvania. We also have lease agreements for our Lucid Test Centers in various locations in Arizona, Colorado and
Nevada that in the aggregate approximate 2,155 square feet. At this time, we consider the office space to be commensurate with our
current operations. Notwithstanding, we may obtain additional office space in the future, as warranted by our business operations.
Effective
with the respective lease commencement dates, subsequent to December 31, 2021, the Company and its subsidiaries have entered into
additional lease agreements to expand its operations for a research and development facility in Massachusetts with 7,375 square
feet, a CLIA laboratory in California with 21,019 square feet, an office space in Pennsylvania with 4,300 square feet, a light
manufacturing facility in Utah with 22,288 square feet, and additional Lucid Testing Center’s (LTC’s) with an aggregate
of approximately 2,000 square feet.
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