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. We believe
that these facilities are adequate for our current and near-term future needs.
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