Item 2. Properties
ITEM 2. PROPERTIES
The operation of our
executive offices, NTW and AIM are conducted out of our 5.4-acre corporate campus in Bay Shore, New York. We also maintain a warehouse
lease nearby in Bohemia, New York. That, lease term commenced on April 1, 2020 and expires on May 31, 2025.
The operations of Sterling
are conducted in a 74,923 square foot facility in Barkhamsted, Connecticut which we own.
We remain liable under
a lease for unused office space in Hauppauge, New York. This lease ends January 2022 and we do not expect to renew such lease.
The annual rent is approximately $113,000. It is likely we will not be able to sublease such facility.
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