ASP Isotopes Inc
For the period ended Dec 31, 2023. Filed Apr 10, 2024.
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FY2023 · Filed Apr 10, 2024
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Item 2. Properties
As of December 31, 2023, we lease five facilities in Pretoria, South Africa for office, production and laboratory space.
One lease commenced in October 2021 with the initial term set to expire in December 2030. This space is used for office, production and laboratory activities.
The second lease commenced in April 2023 with the initial term expired in March 2024. The Company plans to remain in this space under the monthly renewal terms of the agreement. This space is used for production and laboratory activities.
The third lease commenced in November 2023 with the initial term set to expire in October 2026. This space is used for laboratory activities.
The fourth lease commenced with our acquisition of PET Labs Pharmaceuticals in October 2023 and has an initial term set to expire in March 2026 with automatic monthly extensions thereafter. This space is used for office and production activities.
The fifth lease commenced with our acquisition of PET Labs Pharmaceuticals in October 2023 and had an initial term which expired in December 2023 with automatic monthly extensions thereafter. This space is used for production activities.
We believe that our current facilities are sufficient to meet our current and near-term needs and that, should it be needed, suitable additional space will be available.
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