Item 2. Properties
ITEM
2.
PROPERTIES.
We
leased 4,500 square feet of corporate office space in Knoxville, Tennessee through an operating lease agreement for a term of five years
ending on June 30, 2022. Payments were approximately $6,100 per month due to the Company negotiating a continued reduced rent from January
1, 2022 through June 30, 2022.
On
June 30, 2022, the lease expired and was not renewed. On June 18, 2022, the Company moved into 2,700 square feet of leased corporate
office space in Knoxville, Tennessee through an operating lease agreement for a term of three years ending June 30, 2025. The monthly
base rent ranges from $4,053 to $4,278 over the term on the lease.
Item
3.
Legal
Proceedings.
The
information required by this item is incorporated by reference from Part II, Item 8. Financial Statements and Supplementary Data, Notes
to Consolidated Financial Statements, Note 16 – Commitments, contingencies, and litigation.
ITEM
4.
MINE
SAFETY DISCLOSURES.
Not
applicable.
17
PART
II
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