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 ranging
from $170,436 to $297,864 under the terms of the lease, which expires on September 30, 2036.
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
own a 50,000 square foot facility located at 27700 Frontage Road in La Junta, Colorado.
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.
20
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