Item 2. Properties
ITEM
2. PROPERTIES
Our
executive office, which we lease on a month-to-month basis, is located at 701 W Avenue K, Suite 123, Lancaster, CA 93534. We lease property
in California for academic operations, corporate functions, enrollment services and student support services. Below is a table summarizing
our leased properties as of June 30, 2025:
Number of Buildings
Location
Total Square Footage
Lease Expiration
1
Bakersfield, CA
26,515
2026
1
Lancaster, CA
28,316
2025
1
Temecula, CA
16,852
2031
2
Salinas, CA
47,892
2027 & 2032
1
Pasadena, CA
8,879
2025 & 2027
1
Antioch, CA
32,235
2035
Our
facilities are utilized consistent with management’s expectations, and we believe such facilities are suitable and adequate for
current requirements and that additional space can be obtained on commercially reasonable terms to meet any future requirements.
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