Item 2. Properties
ITEM
2. PROPERTIES
We lease administrative office space in Boca Raton, Florida. In connection
with the transition of the business and the streamlining of legacy operations, the Company exited its warehouse operations in Moreno Valley,
California by February 28, 2026. The Company also no longer relies on a warehouse-based distribution model for its remaining legacy commerce
activities.
We believe our current facilities are adequate for our ongoing operations
and that we have the flexibility to obtain additional space if needed.
ITEM
3. LEGAL PROCEEDINGS
For
information regarding legal proceedings as of December 31, 2025, see “Note 7—Commitments and Contingencies” of the
Notes to Consolidated Financial Statements included in Part II, Item 8 of this Form 10-K.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
62
PART
II
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