Item 2. Properties
ITEM 2.
PROPERTIES.
We lease the properties used for our clinics under non-cancelable operating leases with terms ranging from one to five years, with the exception of the property
for one clinic which we own. We intend to lease the premises for any new clinic locations except in rare instances where leasing is not a cost-effective alternative. Our typical clinic occupies 1,000 to 7,000 square feet. There are 17 clinics
occupying space in the range of over 7,000 square feet to 13,500 square feet.
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We also lease our executive offices located in Houston, Texas, under a non-cancelable operating lease expiring in February 2028. We currently lease approximately
44,000 square feet of space (including allocations for common areas) at our executive offices.
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