Item 2. Properties
ITEM 2. PROPERTIES
Our corporate headquarters is in Santa Ana, California. We lease additional facilities to house our engineering, sales and marketing, administrative and manufacturing functions. At December 31, 2024, our major facilities consisted of the following:
Location
Function
Square Feet
Lease Expiration
Santa Ana, California (1)
Corporate headquarters; administration;
research and development; sales
5,000
January 2028
Sauerlach, Germany
European operations; research and
development; sales
5,156
April 2026
Ayutthaya, Thailand
RFID/NFC product manufacturing; research and development
41,441
March 2028
Singapore
RFID/NFC product manufacturing; research and development
27,545
August 2026
(1) With the closing of the Asset Sale in September 2024, we are currently subleasing approximately 5,000 square feet of this
space from Hirsch, Inc., a member of the Vitaprotech Group.
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