Item 2. Properties
ITEM
2 - PROPERTIES
Our
corporate headquarters and production facility totals approximately 63,200 square feet and is located in Vista, California. Our production
facility is ISO 9001 certified. We lease this property. Rent during the year ended June 30, 2022 was approximately $62,000 per month,
and our annual rent will escalate approximately 3% per year through the end of the lease term on November 20, 2026. Total rent expense
was approximately $867,000 and $841,000 for the years ended June 30, 2022 and 2021, respectively.
We
believe that our leased property is in good condition and suitable for the conduct of our business.
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