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 fiscal year ended June 30, 2026 was approximately $70,000 per
month, and our annual rent escalates approximately 3% per year through the end of the lease term, recently extended through November
2028. Our east coast customer service facility located in Atlanta, Georgia is approximately 4,900 square feet and monthly rent is approximately
$6,000, which escalates approximately 5% per year through the end of the lease term on April 30, 2028. Total rent expense was approximately
$975,000 and $929,000 for the fiscal years ended June 30, 2026 and 2025, respectively.
We
believe that our leased property is in good condition and suitable for the conduct of our business.
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.