Phunware, Inc. 10-K

Item 2. Properties . We currently lease approximately 9,700 square feet of office and warehouse space for our Lyte operations in Gurnee, Illinois. This lease is currently month-to-month. In March 2022, we entered into a lease agreement for approximately 21,830 square feet of manufacturing and warehouse space for our Lyte operations in Round Rock, Texas. We plan to relocate our Lyte operations to Texas during the second quarter of 2022. Our corporate headquarters is located in Austin, Texas, where we currently lease approximately 3,600 square feet under a lease agreement set to expire in March 2022, which we are planning to extend via a month-to-month lease arrangement. We also currently lease facilities in Irvine, California; San Diego, California; and Miami, Florida. We are currently subleasing our Irvine, California and Miami, Florida office facilities. We currently do not anticipate difficulty in either retaining occupancy of any of our facilities through lease renewals prior to expiration or through month-to-month occupancy arrangements or replacing them with equivalent facilities. We believe that our existing facilities are suitable and adequate for our present purposes and that the productive capacity of such facilities is substantially being utilized or we have plans to utilize such capacity. Item 3. Legal Proceedings. The information set forth under the subheading " Litigation" in Note 11, " Commitments and Contingencies " of the notes to the consolidated financial statements included in Part II, Item 8 of this Annual Report on Form 10-K is incorporated herein by reference. Item 4. Mine Safety Disclosures. Not applicable. 47 Table of Contents PART II