What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2022-03-31 compared with 2021-03-31 · 15 added, 22 removed, 2 unchanged (95% of the section changed)

principal executive office is located at 2117 SW Highway 484, Ocala FL 34473 and our finance and human resource office is located

at 604 Main Street, Suite 2, Riverton, NJ 08077.

We currently lease our principal executive office for $2,100 per month and our

accounting and human resource office for about $1,500 per month.

principal executive office is located at 2117 SW Highway 484, Ocala FL 34473 and our finance and human resource office is located at

604 Main Street, Riverton, NJ 08077.

We currently lease our principal executive office for $2,100 per month and our accounting and human

resource office for about $1,500 per month.

March 2018, we sold our property located at 783 Jersey Ave., New Brunswick, NJ.

This property houses our development and production

This property houses our development and production facilities.

The purchase price was $4,080,000 and purchaser received 3,225,806 warrants to purchase common stock.

We believe that

the sale and lease-back of this building will not have a material impact on our business operations.

Simultaneously with the closing

of the sale, the purchaser leased the facility back to us.

The lease runs for 10 years, with two five-year extensions.

annual base rent is $408,000 and will continue for the first and second year.

In the third and fourth it will escalate at the

rate of 2.5% per year.

For all subsequent years it will escalate at the rate of 3% per year.

We also will be responsible for additional

rent consisting of taxes and certain insurance expenses of the purchaser.

The lease contains a repurchase option pursuant to which

we can repurchase the facility within the initial 10 year lease period.

The purchase price would be based on a multiple of the

sale price of $4,080,000.

The multiple would be 1.05 plus .0025N where N represents the number of months between lease commencement

and closing of repurchase.

May 2021, we exercised our option and re-purchased the New Brunswick facility, pursuant to the terms of the March 16, 2018, sale and

lease-back agreement.

We also sold certain equipment and machinery that it determined to be obsolete and no longer needed for current

and future manufacturing.

March 2022, we entered into an Agreement of Sale and Purchase with Acellories, Inc.

as purchaser pursuant to which we will sell our New

Brunswick property.

The purchaser will purchase the property for $3.9 million.

Among other things, the purchaser has a 45-day right of

due diligence and has the right to terminate the agreement within that period.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties