What changed in this filing

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Item 2. Properties

2022-04-14 compared with 2021-04-16 · 49 added, 10 removed, 0 unchanged (100% of the section changed)

On May 1, 2020, we entered into a Membership Agreement (the “Membership Agreement”)

with WeWork pursuant to which we lease offices located at 1560 Broadway, Suite 17-105, Denver, Colorado 80202.

The initial term of the

Membership Agreement is for six months which term shall automatically be renewed for successive one month periods unless terminated

by either party.

Pursuant to the terms of the Membership Agreement, we pay a fee of $1,170 per month for the leased premises.

We do not own any property or land.

We believe that our facilities are adequate for

our current needs and that, if required, we will be able to expand our current space or locate suitable new office space and obtain a

suitable replacement for our executive and administrative headquarters.

lease our scrap yard located at 22097 Brewers Neck Blvd., Carrollton, VA 23314, from DWM Properties, LLC, which is owned by our Chairman

and Chief Executive Officer for $14,959 per month.

The lease expires on January 1, 2024, with two one-year options to extend at the Company’s

lease our scrap yard located at 1576 Millpond Rd., Elizabeth City, NC 27909, from DWM Properties, LLC, which is owned by our Chairman

and Chief Executive Officer for $10,874 per month.

The lease expires on January 1, 2024, with two one-year options to extend at the Company’s

lease our scrap yard located at 130 Courtland Rd., Emporia, VA 23847, from DWM Properties, LLC, which is owned by our Chairman and Chief

Executive Officer for $10,874 per month.

The lease expires on January 1, 2024, with two one year options to extend at the Company’s

lease our scrap yard located at 623 Highway 903 N., Greenville, NC 27834, from DWM Properties, LLC, which is owned by our Chairman and

Chief Executive Officer for $10,874 per month.

The lease expires on January 1, 2024, with two one year options to extend at the Company’s

lease our scrap yard located at 8952 Richmond Rd., Toano, VA 23168, from DWM Properties, LLC, which is owned by our Chairman and Chief

Executive Officer for $10,874 per month.

The lease expires on January 1, 2024, with two one-year options to extend at the Company’s

lease our scrap yard located at 945 NC Highway 11N, Kelford, NC 27805, from DWM Properties, LLC, which is owned by our Chairman and Chief

Executive Officer for $37,132 per month.

The lease expires on January 1, 2024, with two one-year options to extend at the Company’s

lease our scrap yard located at 1100 E Princess Anne Rd, Norfolk, VA 23504, from DWM Properties, LLC, which is owned by our Chairman

and Chief Executive Officer for $15,914 per month.

The lease expires on January 1, 2024, with two one-year options to extend at the Company’s

lease our scrap yard located at 4091 Portsmouth Blvd., Portsmouth, VA 23701, from DWM Properties, LLC, which is owned by our Chairman

and Chief Executive Officer for $10,874 per month.

The lease expires on January 1, 2024, with two one-year options to extend at the Company’s

lease our scrap yard located at 277 Suburban Drive, Suffolk, VA 23434, from DWM Properties, LLC, which is owned by our Chairman and Chief

Executive Officer for $14,959 per month.

The lease expires on January 1, 2024, with two one-year options to extend at the Company’s

lease our scrap yard located at 9922 Hwy 17 S., Vanceboro, NC 28586, from DWM Properties, LLC, which is owned by our Chairman and Chief

Executive Officer for $8,487 per month.

The lease expires on January 1, 2024, with two one-year options to extend at the Company’s

lease our scrap yard located at 1040 Oceana Blvd, Virginia Beach, VA 23454, from DWM Properties, LLC, which is owned by our Chairman

and Chief Executive Officer for $15,000 per month.

The lease expires on January 1, 2024, with two one-year options to extend at the Company’s

lease office space at 505 Crawford Street, Portsmouth, VA 23704 for $1,150 per month.

The lease expires on March 31, 2024.

lease our scrap yard located at 406 Sandy Street, Fairmont, NC 28340, from DWM Properties, LLC, which is owned by our Chairman and Chief

Executive Officer for $8,000 per month.

The lease expires on January 1, 2024, with the option to extend the lease by one year at the

Company’s election for the next five years.

January 24, 2022, the Company entered into leasing agreements for 3,521 square feet of office space commencing upon the completion of

tenant improvements which is expected to be on April 1, 2022 but shall be no later than May 1, 2022 (“Commencement Date”).

Under the terms of the lease, the Company is required to pay $3,668 for the first twelve months of the lease and increasing by approximately

3% every 12 months thereafter until the expiration of the lease.

The lease is for a period of five years from the Commencement Date and

the Company was required to make a security deposit of $3,668.

The Company does not have an option to extend the lease.

do not own any properties or land.

believe that our facilities are adequate for our current needs and that, if required, we will be able to expand our current space or

locate suitable new office space and obtain a suitable replacement for our executive and administrative headquarters.

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