Item 2. Properties
Item
2. Properties.
We
lease approximately 8,253 rentable square feet of office space from an unaffiliated third party for our corporate office located at 7921
Southpark Plaza, Suite 210, Littleton, Colorado. This lease expires in November 2027. Terms of the office lease currently provide for
a base rent payment of $16,506 per month. We also lease approximately 2,220 rentable square feet of space from an unaffiliated third
party for one of our Vivos Centers located at 4795 Larimer Parkway, Johnstown, Colorado. This lease expires in February 2025. Terms of
the office lease provide for a base rent payment of $3,608 per month and a share of the buildings operating expenses such as taxes and
maintenance of $2,035 per month. We also lease 3,643 rentable square feet of space from an unaffiliated third party for our Vivos Center
located at 9135 Ridgeline Boulevard, Highlands Ranch, Colorado. This lease expires in January 2029. Terms of the office provide for a
base rent payment of $5,465 per month and a share of the building’s operating expenses such as taxes and maintenance of $3,273
per month. Effective May 20, 2019, we entered into a lease at 7001 Tower Road, Denver, Colorado for 14,732 rentable square feet for the
Vivos Institute and amended the lease effective March 11, 2022 to increase the premises by 9,129 rentable square feet for a total of
23,861 rentable square feet. This facility was built primarily as a training facility where our VIPs are trained and the additional square
footage is for office space and fulfillment. We believe that these facilities are adequate for our current and near-term future needs.
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