Item 2. Properties
ITEM
2. PROPERTIES
Our corporate offices are located at 4400 North
Point Parkway, Suite 265, Alpharetta, Georgia. The monthly rent related to our leased 3,574 square foot facility is currently $6,255
per month, subject to increases in subsequent periods. The lease for the Company’s rented office space located at One Buckhead
Plaza, 3060 Peachtree Road, Suite 265, Atlanta, Georgia 30305 expires on September 30, 2020. In addition, we share offices with
a supplier where the development of our products occurs and where the majority of the Executive team works, located at 2855 W.
McNab Road, Pompano Beach, FL, for which we pay no rent.
We
do not own any property or land. We believe that our facilities are adequate for our current needs and that, if required, we will
be able to locate suitable new office space and obtain a suitable replacement for our executive and administrative headquarters.
ITEM
3. LEGAL PROCEEDINGS
We
are not party, nor is our property subject, to any material pending legal proceedings.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
10
PART
II
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