What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2026-05-19 compared with 2025-05-19 · 27 added, 15 removed, 2 unchanged (95% of the section changed)

headquarters office and distribution warehouse is located on a 50-acre complex at 5402 South 122nd East Ave, Tulsa, Oklahoma.

headquarters includes multiple buildings that combine to total approximately 402,000 square feet of office and warehouse space;

109,700 is utilized by us and 292,300 is occupied by two third-party tenants.

Substantially all customer orders are fulfilled from our

85,000 square foot warehouse, in Tulsa, Oklahoma, using multiple flow-rack systems, referred to as “lines,” to expedite order

completion, packaging, and shipment.

the third quarter of fiscal 2024, the Company listed for sale/leaseback our headquarters office and warehouse property.

The listing of

the property for sale resulted in a reclassification of the owned property as “Assets Held For Sale” in the Company’s

financial statements.

addition to this owned property, we also lease additional warehouse space in Tulsa, Oklahoma and Joplin, Missouri as needed for overflow

inventory, an office space in San Diego, California that is used by our Kane Miller employees, office space in Ogden, Utah, and office

space in Seattle, Washington.

We believe that our operating facilities meet both present and future capacity needs.

Our headquarters office and

distribution warehouse are located at 5402 South 122nd East Ave, Tulsa, Oklahoma.

The Company leases approximately 109,700 square feet

of office and warehouse space in a 402,000 square foot complex (“Hilti Complex”), which the Company owned until October 27,

Substantially all customer orders are fulfilled from our 85,000 square foot warehouse, in Tulsa, Oklahoma, using multiple flow-rack

systems, referred to as “lines,” to expedite order completion, packaging, and shipment.

During the third quarter of

fiscal 2024, the Company listed for sale/leaseback our headquarters office and warehouse property.

The listing of the property for sale

resulted in a reclassification of the owned property as “Assets Held for Sale” in the Company’s financial statements.

On October 27, 2025, the Company

completed the sale of the Hilti Complex to 10Mark 10K Industrial, LLC.

The agreed upon sale price of the Hilti Complex per the executed

Contract totaled $32,200,000.

The net proceeds, less the carrying value of the assets held for sale, resulted in a gain on sale of $12,243,700.

Following the sale of the Hilti Complex, 17 acres of excess land with a cost basis of $850,000, was reclassified from Assets held for

Sale to land as it no longer listed for sale.

The proceeds from the sale were utilized to pay off the Term Loans and Revolving Loan outstanding

in the Credit Agreement with the Company’s Bank.

At closing, EDC assigned the existing third-party tenant leases to the Buyer and

executed a separate Triple-Net Lease (the “Lease”) for its occupied space in the Hilti Complex.

In addition, we also lease

additional warehouse space in Tulsa, Oklahoma and Joplin, Missouri as needed for overflow inventory, an office space in San Diego, California

that is used by our Kane Miller employees and office space in Ogden, Utah for our Learning Wrap-Ups employees.

We believe that our operating

facilities meet both present and future capacity needs.

LEGAL PROCEEDINGS

are not a party to any material pending legal proceedings.

We are not a party to any material pending legal

MINE SAFETY DISCLOSURES

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