Item 2. Properties
Item 2. PROPERTIES
At the beginning of 2022, we acquired a 580,000 sq. ft. manufacturing facility located in Osceola, Arkansas, which served as our operational base until our relocation to Houston, Texas was announced in the first quarter of 2025. Following the completion of our transition to the Houston facility, our Osceola facility will be closed during 2026.
In the first quarter of 2025, we announced the relocation of our corporate headquarters to Houston, Texas and the establishment of a new 86,000 square foot facility in Houston, Texas. Our 86,000 square foot facility in Houston is subleased from Maddox Defense, of which Jason Maddox, our President and Interim Chief Financial Officer, is the sole stockholder, with a three-year term (with renewal options), for approximately $20,000 per month. We also lease other office and storage space on a month-to-month basis or under agreements with terms expiring within one year.
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