Item 2. Properties
Item 2.
Properties.
Our
principal executive, manufacturing and research and development offices are located at MATAM Advanced Technology Park, Building
No. 5, Haifa, Israel, where we occupy approximately 4,389 square meters. Our monthly rent payment for these leased facilities
as of July 2020 was 263,000 NIS (approximately $76,000). For the fiscal year ended June 30, 2020, we recognized a net expense
of $491,000, according to the implementation of Accounting Standards Update No. 2016-02, “Leases”.
We
believe that the current space we have is adequate to meet our current and near future needs.
Item
3. Legal Proceedings.
None.
Item
4. Mine Safety Disclosures.
Not
applicable.
36
PART
II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.