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 $118,381 to $133,237 under the terms of the lease, which expires on April 30, 2029.
We
lease production, warehouse and office space in North Andover, MA. We pay an annual rent of $168,288 under the terms of a lease, which
expires in May 2028.
We
lease production, warehouse and office space in Burlington, Washington. We pay an annual rent of $45,000 under the terms of a lease,
which expires in December 2026.
We
own a 50,000 square foot facility located at 27700 Frontage Road in La Junta, Colorado used for office and warehouse space.
In
connection with the acquisition of Empire Coffee on November 6, 2024, we entered into a lease located at 21 Grace Church Street, Port
Chester, New York. We pay an annual rent of approximately $600,000 under the terms of the lease which expires November 2028.
We
also use a variety of independent, bonded commercial warehouses to store our green coffee beans. The Company pays for these warehouses
based on the specific square footage used and can adjust depending on storage needs. Our management believes that our facilities are
adequate for our current operations and for our contemplated operations in the foreseeable future.
18
ITEM
3.
LEGAL
PROCEEDINGS
None.
ITEM
4.
MINE
SAFETY DISCLOSURES
Not
applicable.
PART
II
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