Item 2. Properties
ITEM
2. PROPERTIES
The
Company does not own any real estate or other properties. The Company maintains an operating lease for its office space and operating
facility for the Two Trees business in Fletcher, North Carolina, which has a remaining term of 14 months as of December 31, 2024 and
a renewal option for an additional three years. The Company also maintains an operating lease for its RF Specialties facility in Mills
River, North Carolina, which as a remaining term of 5.5 years. We believe these facilities to be sufficient to meet our needs for the
foreseeable future and that any additional space we may require will be available on commercially reasonable terms.
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