BK Technologies Corp 10-K

Item 2. Properties. We do not own any real estate. We lease approximately 54,000 square feet of industrial space at 7100 Technology Drive in West Melbourne, Florida. In November 2018, the lease was amended to provide for certain leasehold improvements and extend the lease term until June 30, 2027. The lease includes an option for one additional extension period of five (5) years commencing July 1, 2027 and terminating at midnight June 30, 2032. In February 2026, we entered into a new lease relating to this property, pursuant to which we will lease approximately 31,500 square feet of industrial space at 7100 Technology Drive in West Melbourne, Florida. The lease will commence in February 2027, has a term of 125 months, and includes two five year renewal options. Rental, maintenance and tax expenses for this facility were approximately $677,000 a nd $ 625,000 in 2025, and 2024, respectively. We lease approximately 6,857 square feet of office space at Sawgrass Technology Park, 1619 NW 136 th Avenue in Sunrise, Florida. This lease expired on December 31, 2025. The Company executed a lease extension agreement in September 2025, that extended existing terms until an additional 1,514 square feet of expansion premises is available for occupation by the Company. At the date that the expansion premises are available for occupancy, the Company will begin a new lease extension period for an additional 62 month term, for approximately 8,371 total square feet. The lease extension includes two additional five year renewal options, at the sole discretion of the Company. Annual rental, maintenance and tax expenses for the facility were approximately $225 , 000 and $224,000 in 2025, and 2024, respectively.