What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2025-06-16 compared with 2024-05-09 · 18 added, 27 removed, 13 unchanged (78% of the section changed)

Pompano Beach, Florida facilities are comprised of two adjoining properties totaling approximately 16,566 square feet of leased space

the bulk of which is factory and warehouse space.

The initial 37-month lease covering approximately 8,541 square feet commenced on September

The lease provided for payment of a $5,367 security deposit, base rent of approximately $4,000 per month over the term of the

lease plus sales tax, and payment of 10.76% of annual operating expenses for common areas maintenance, subject to periodic adjustment.

On December 1, 2016, we entered into an amendment to the initial lease agreement, commencing on October 1, 2017, which extended the term

of the lease for an additional 84 months, expiring September 30, 2024.

The base rent was increased to $4,626 per month with a 3% annual

escalation throughout the amended term.

November 11, 2018, the Company entered a new 69-month lease agreement for an additional 8,025 square feet adjoining its existing facility

in Pompano Beach, Florida.

The new lease provided for a $6,527 security deposit, an initial base rent of approximately $4,848 per month

escalating at 3% per year during the term of the lease plus Florida state sales tax and payment of 10.11% of the building’s annual

operating expenses for common area maintenance, subject to adjustment as provided in the lease.

Until November 2024, the Company’s executive

offices were located in Pompano Beach, Florida.

The Company moved its facilities to Davie, Florida where it leases 19,065 square feet

of production, warehouse, showroom and office space.

under a 45 month sub-lease which commenced on November 1, 2024.

The lease provides

for an initial base monthly rent of $26,000 through September 30, 2025 and$31,000 thereafter for the balance of the term.

has agreed to a monthly rent abatement of $3,639 per month through October 2026.

The lease is considered a triple-net lease and is subject

to “additional rent” which is comprised of the landlord’s operating costs, real estate taxes and insurance in accordance

with the terms of the master lease.

The Company paid a security deposit of $26,000 upon entering the sub-lease agreement.

Beach, California

10 unchanged sentences

The Company paid an additional security deposit of $10,727 upon entering into the lease.

September 30, 2022, SSI entered into a sublease of its facility in Huntington Beach, California with Camburg Engineering, Inc.(“Tenant”)

commencing October 1, 2022, The term of the sublease is through December 31, 2023 with a base monthly rent of $2,247 for the first twelve

months with an 3% annual escalation thereafter.

September 30, 2022, SSI entered into a sublease of its facility in Huntington Beach, California with Camburg Engineering,

Inc.(“Tenant”).

The term of the sublease is through December 31, 2023 with a base monthly rent of $2,247 for the first

twelve months and 3% annual escalation thereafter.

The Tenant also pays a monthly common area maintenance of $112.

The Tenant provided a

security deposit of $2,426 upon entering into the sublease.

Lauderdale-By-The-Sea,

May 2, 2022, LBI, entered into a lease assignment agreement with Gold Coast Scuba, LLC and Vicnsons Realty Group, LLC whereby LBI is

the assignee to the remainder of the lease for approximately 1,600 square feet of retail space located at 259 Commercial Blvd., Suites

2 and 3 in Lauderdale-By-The Sea, Florida.

The lease is in its third year of a three-year term and has a $2,816 per month base rent.

The lease provides an option to renew for an additional term of two years with an increase of base rent by 3.5%

believe that the facilities are suitable for their intended purpose, are being efficiently utilized and provide adequate capacity to

meet demand for the foreseeable future.

Tenant provided a security deposit of $2,426 upon entering into the sublease.

This sub-lease continues on a month to month

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties