Item 2. Properties
Item 2. Properties
As of December 26, 2020, all our manufacturing, engineering, sales
and administrative operations were located in leased facilities in Norton, Massachusetts and Attleboro, Massachusetts.
The Company completed a move out of the Attleboro facility on December
31,2020 and now has fully consolidated operations in the Norton facility,
In February 2021, the Company extended the lease for the Norton facility
through February 2026. The leased facilities comprise approximately 38 thousand square feet. The lease is a triple net lease wherein
the Company is responsible for payment of all real estate taxes, operating costs and utilities. The Company also has an option
to buy the property and a first right of refusal during the term of the lease. Annual rental payments continue at $152 thousand.
Item 3. Legal Proceedings
We are not a party to any litigation which
could have a material adverse effect on us or on our business.
Item 4. Mine Safety Disclosures
Not applicable
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.