Item 2. Properties
ITEM
2. PROPERTIES
On
March 10, 2021 the Company entered into a ten-year lease of a 29,316 square foot building located at 10800 Galaxie Avenue, Ferndale,
Michigan 48220. The lease began on May 1, 2021. These premises are being used for offices, manufacturing and distribution. The annual
rental cost for this facility is approximately $190,000, plus a proportionate share of operating expenses of approximately $28,000 annually.
ITEM
3. LEGAL PROCEEDINGS
From
time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. Litigation
is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
PART
II
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