Item 2. Properties
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. Rental, maintenance and tax expenses for this facility were approximately $556,000 and $510,000 in 2021 and 2020, 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 will expire on December 31, 2025. Annual rental, maintenance and tax expenses for the facility were approximately $208,000 and $169,000 in 2021 and 2020, respectively.
Item 3. Legal Proceedings
From time to time we may be involved in various claims and legal actions arising in the ordinary course of our business. There were no pending material claims or legal matters as of December 31, 2021.
Item 4. Mine Safety Disclosures
Not applicable.
22
Table of Contents
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.