Item 2. Properties
Item
2. Properties.
The
Company leases approximately 8,043 square feet of office space as its executive offices in Golden, Colorado at a cost of approximately
$18,130 per month, increasing annually to a maximum of $19,618 for the final six months of the term. The lease term expires July 31,
2029. In addition, the Company also leases approximately 2,705 square feet of office space in Little Rock, Arkansas. The lease term continues
through and including July 31, 2026 at an expense of approximately $3,000 per month. The Company believes its existing facilities and
equipment, which are used, are in good operating condition and are suitable for the conduct of its business.
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