Item 2. Properties
ITEM
2 - PROPERTIES
Our
corporate headquarters and production facility consist of approximately 63,200 square feet and is located in Vista, California. Our production
facility is ISO 9001 certified . We lease the property. Monthly rent for the total space is approximately $60,500 per month and
escalates approximately 3% per year through the end of the lease term on November 20, 2026. Total rent expense was approximately $841,000
and $673,000 for the years ended June 30, 2021 and 2020, respectively.
We
believe that our leased property is in good condition and suitable for the conduct of our business.
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