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 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 providers are trained. As part
of the acquisition of SCN, we acquired seven additional leases in Nevada with approximately 53,208 rentable square feet of office space
for the sleep centers. The lease expirations varies from beginning of 2026 to end of 2034. The terms of the leases provide for an aggregate
rent base payments of approximately $63,000 per month. Effective August 20, 2025, we entered into a lease of approximately 3,690 rentable
square feet of office space from an unaffiliated third party for our Detroit operations. This lease expires in December 2030. The terms
of the lease provide for a base rent payment of $5,535 per month. We also lease approximately 8,996 rentable square feet of office space
for our treatment center located in Las Vegas, Nevada. This lease expires in October 2031. The terms of the lease provide for a base
rent payment of $16,902 per month. Lastly, we lease approximately 8,113 rentable square feet of office space for our sleep center and
treatment center in Henderson, Nevada. The lease expires in January 2033. We believe that these facilities are adequate for our current
and near-term future needs.
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