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.
During
the year, we leased production, warehouse and office space in North Andover, MA and paid annual rent of approximately $250,000. In October
2025, we ceased operations of our Comfort Foods manufacturing subsidiary and exited the leased production, warehouse, and office facility
located at 25 Commerce Way, North Andover, Massachusetts.
We
lease production, warehouse and office space in Burlington, Washington. We pay an annual rent of approximately $55,000 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 $840,000 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.
ITEM
3. LEGAL PROCEEDINGS
To
the knowledge of our management team, there is no litigation currently pending or contemplated against us, any of our officers or directors
in their capacity as such, or against any of our property.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
PART
II
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