Item 2. Properties
ITEM 2. PROPERTIES
The Company has the following properties:
The Company has its corporate
headquarters in Hauppauge, New York as part of the office and warehouse space discussed below.
The Company’s Industrial
Services segment owns approximately (i) 25,000 square feet of warehouse space in Manchester, PA (ii) approximately 43,000 square feet
of office and warehouse space in York, PA (iii) approximately 33,500 square feet of office and warehouse space and 0.71 acres of land
in a non-contiguous lot utilized for outdoor storage space in Columbia, PA. The Industrial Services segment also leases approximately
15,500 square feet of warehouse space in Emigsville, PA from a third party in a three-year lease at a monthly rent of $5,099 expiring
on August 31, 2025.
The Company’s Security segment
leases (i) approximately 6,700 square feet of office and warehouse space in Pune, India from a third party in an five year lease at a
monthly rent of $5,810 (INR473,415) expiring on February 28, 2024, (ii) approximately 30,000 square feet of office and warehouse space
in Hauppauge, NY from a third party in a seven-year lease at a monthly rent of $28,719 expiring on March 31, 2027, (iii) approximately
911 square feet of office space in Clovis, CA on a month-to-month lease at a monthly rent of $4,930, and (iv) approximately 9,400 square
feet of office and warehouse space in Hampshire, England in a fifteen-year lease with at a monthly rent of $9,821 (£7,669) which
expires on March 24, 2031 and contains provisions to terminate in 2026.
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