Item 2. Properties
Item 2. Properties.
We believe our current physical properties are
sufficient and adequate to meet our current and projected requirements. Presented below is a discussion about our current properties that
are used for administrative and research activities.
In January 2019, we entered into a lease for our
new headquarters location at 201 Redwood Shores Parkway, Suite 315, Redwood City, CA 94065. The leased space consists of approximately
3,500 square feet of office space and provides for monthly rent of approximately $21,000 through the expiration date in March 2022.
In February 2019, we entered into a lease for
office space in Bend, Oregon where we conducted our research activities. The leased space consisted of approximately 1,500 square feet
of office space and provided for monthly rent of approximately $2,700 through the expiration date in February 2021. In November
2020, we terminated this lease and entered into a new lease in Bend, Oregon where the leased space consists of approximately 5,000 square
feet of office space and provides for monthly rent of approximately $8,400 through the expiration date in February 2024.
Item 3. Legal Proceedings.
Not Applicable.
Item 4. Mine Safety Disclosures.
Not applicable.
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PART II
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