Item 1B. Unresolved Staff Comments
Item
1B. Unresolved Staff Comments
Not
applicable.
Item
2. Property
Our
corporate offices are located at 360 Madison Avenue, 25th Floor, New York, NY 10017. The lease for this space is for seven years and
eight months, starting on February 1, 2023, and may not be terminated prior to expiration of its stated term, except in limited circumstances
due to misconduct by our landlord. The Company or its subsidiaries also have entered into leases for a research and development facility
in Massachusetts with 7,375 square feet, which has a remaining term of 4.25 years, a CLIA laboratory in California with 21,019 square
feet, which has a remaining term of 2 years, and an office space in Pennsylvania with 4,300 square feet, which has a remaining
term of 4.8 years. We also have lease agreements for our Lucid Test Centers in various locations in Arizona, California, Colorado,
Florida, Idaho, Illinois, Nevada, Ohio, Oregon, Texas and Utah that in the aggregate approximate 11,429 square feet. At
this time, we consider our facility space to be commensurate with our current operations. Notwithstanding, we may obtain additional space
in the future, as warranted by our business operations.
Effective
with the respective lease commencement dates, subsequent to December 31, 2022, the Company and its subsidiaries have entered into additional
lease agreements for additional Lucid Testing Centers with an aggregate of approximately 2,046 square feet.
33
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