a. The company began leasing its main offices for $3,500 per month on Jan 1, 2021. On its face, the lease expires December 31, 2024, but there is an option to extend for an additional 5 years at $4,000 per month. The space was built out by the lessor, to suit the lessee, prior to occupancy, and there have been no significant improvements to the space since. The company also rents its electronics parts storage warehouse for $1,000 per month. That lease was signed 4/1/2021 and expires 12/31/2023; it has an automatic rent escalation of 10% per year for every year in which the Consumer Price Index increases. No rent payments for 2021 have been recorded. Note: this is space rented for the company to occupy, not space they rent out to others.

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