Item 2. Properties
ITEM 2. PROPERTIES
Our products are manufactured by our exclusive manufacturer and supplier of our products, Aroa, at their facility in Auckland, New Zealand which currently totals approximately 25,000 square feet.
We lease our corporate headquarters in Malvern, Pennsylvania, which houses our research and development operations, controlled environment room, and office space, and currently totals approximately 16,000 square feet. In December 2020, we entered into a third amendment to the lease to extend the term of the agreement and lease additional premises at such property, which is anticipated to occur no later than March 2023. The additional premises, when delivered, will expand our square footage to approximately 25,000 square feet.
We believe that our current facilities meet our current and future anticipated needs, although we may seek to negotiate new leases or evaluate additional or alternate space for our operations. We believe appropriate office space will be readily available on commercially reasonable terms.
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