Item 2. Properties
Item 2. Properties
Our principal office is located
in Beverly Hills, California, where we lease 5,838 square feet of general office space. The property is used primarily by Kartoon Studios
to support its operations and is included in the Content Production and Distribution segment. We also lease 45,119 square feet of general
office space located in Vancouver, Canada, and 6,845 square feet of general office space in Toronto, Canada. The Vancouver office is used
by Mainframe Studios included in the Content Production and Distribution segment. The Toronto office is used by Beacon Media Group which
is part of the Media Advisory and Advertising Services segment. We believe our existing facilities are adequate to meet our current requirements
and that suitable additional or substitute space will be available as needed to accommodate any further physical expansion of operations
and for any additional offices. See Note 19 in the Notes to our consolidated financial statements included elsewhere in this Annual Report
on Form 10-K for more information about our lease commitments.
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