Item 2. Properties
ITEM
2.
PROPERTIES
We
are headquartered at 3475 Victory Boulevard, Staten Island, New York, where we lease office and warehouse space. We pay annual
rent of $129,420 under the terms of the lease, which expires on October 31, 2023.
We
lease a 50,000 square foot facility located at 27700 Frontage Road in La Junta, Colorado from the City of La Junta. We pay annual
rent of $100,093 under the terms of the lease, which expires in January 2024.
We
lease production, warehouse and office space in North Arlington, MA. We pay annual rent of $168,288 under the terms of a lease,
which expires in May 2028.
We
lease production, warehouse and office space in Madison, WI. For Steep & Brew, through our joint venture with “GCC”.
We pay annual rent of $114,660 under the terms of a lease, which expires in September 2024.
We
also use a variety of independent, bonded commercial warehouses to store our green coffee beans. Our management believes that
our facilities are adequate for our current operations and for our contemplated operations in the foreseeable future.
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