Item 2. Properties
ITEM 2: PROPERTIES
We do not own any property.
We have leases on the following properties:
On December 18, 2020, we entered into a lease of an
office suite in Plano, TX, which commenced on January 25, 2021. Lease payments were deferred until May 1, 2021. Beginning on May 1, 2021,
lease payments are $3,650 per month for the twelve (12) month period ended April 30, 2022, and $3,735 per month for the twelve (12) month
period ended April 30, 2023. The lease term is for five (5) years.
Through our wholly owned subsidiary, IM Telecom, we
have leases on the following properties:
Our Tulsa, Oklahoma distribution center, consisting
of approximately 2,466 square feet, is under a three (3) year lease that commenced on August 1, 2022. Monthly lease payments for this
property are $2,356 per month for the twelve (12) month period ended July 31, 2023.
Our customer service center is in Atmore, Alabama,
and consists of approximately 1,766 square feet. This lease commenced on June 1, 2022, and terminates on June 1, 2025. Monthly lease payments
for this property are $2,121 per month.
Through our wholly owned subsidiary, Apeiron Systems,
we have a lease at the following property:
Our Johnstown, Pennsylvania office, consisting of
approximately 6,900 square feet, is under a lease that commenced on September 1, 2022, and expires on September 30, 2030. Monthly lease
payments for this property are $4,500 per month.
ITEM 3: LEGAL PROCEEDINGS
We are not party to any material legal proceedings.
ITEM 4: MINE SAFETY DISCLOSURES
None; not applicable.
PART II
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