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.
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