Item 2. Properties
ITEM 2. PROPERTIES
We do not own any property.
The Company’s corporate headquarters are located at 2222 Ponce
de Leon Blvd., Floor 3, Coral Gables, Florida 33134.
Pursuant to a lease agreement, dated August 1,
2021, and renewed in 2022, 2023 and 2024, the Company leased office space at 2222 Ponce de Leon Blvd, Floor 3, Coral Gables, FL 33134.
Under the 2021 lease agreement the average monthly rent expense was approximately $11,000. For 2022, 2023 and 2024, the renewed lease
agreement was for an average monthly rent expense of approximately $9,000, $7,000 and $7,000, respectively.
On June 8, 2017, the Company entered into an
Amended and Restated License Agreement (the Actinium License) with Actinium Pharmaceuticals, Inc. (Actinium) for office space located
at 275 Madison Avenue, 7th Floor, New York, New York 10016, our former corporate headquarters. This agreement amends and restates the
license agreement entered into between the parties on March 10, 2016 (the Lease Agreement). Pursuant to the terms of the Actinium License,
Actinium will continue to license the furniture, fixtures, equipment and tenant improvements located in its office (the FFE) for a license
fee of $7,529 per month until December 8, 2022. On July 7, 2022, Actinium exercised its right to purchase the FFE for $52,698.
Beginning on January 1, 2023, the Company also
leased office space at 880 Third Avenue, 12 th Floor, New York, NY 10022 for approximately $15,000 per month, this lease was
terminated on November 30, 2023.
Beginning on December 1, 2023, the Company leased office space at 12
E 49 th Street, New York, NY 10022 for approximately $12,000 per month, that expires on July 31, 2024.
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