NATURAL ALTERNATIVES INTERNATIONAL INC 10-K

ITEM 2. PROPERTIES This table summarizes our facilities as of June 30, 2024. We believe our facilities are adequate to meet our operating requirements for the foreseeable future. Lease Square Expiration Location Nature of Use Feet How Held Date Vista, CA USA(1),(2) Manufacturing, warehousing, packaging and distribution 162,000 Leased August 2034 Manno, Switzerland(3) Manufacturing, warehousing, packaging and distribution 95,990 Leased December 2032 Manno, Switzerland(4) Warehousing 30,892 Leased December 2025 Carlsbad, CA USA(5) Corporate headquarters 20,981 Owned N/A Carlsbad, CA USA(6) Powder filling, packaging, distribution and storage 67,453 Owned N/A (1) This facility is used by NAI for its private-label contract manufacturing segment. (2) At this facility we use approximately 93,000 square feet for production, 60,000 square feet for warehousing and 9,000 square feet for administrative functions. In July 2023, NAI executed an extension to the lease covering this facility effective April 1, 2024 and extends the lease through August 31, 2034. (3) This facility is used by NAIE in connection with our private-label contract manufacturing segment. In May 2022, NAIE executed an extension to the lease covering this facility that is effective January 1, 2023 and extends the lease through December 31, 2032. (4) This facility is used by NAIE for additional warehouse storage. (5) We purchased our Carlsbad, California corporate headquarters in March 2016. (6) We acquired this facility in August 2021 and retrofitted it into a dedicated high-volume powder blending and packaging facility with supplementary raw material storage. This facility became operational in April 2023; however, it was temporarily closed in October 2023 due to a significant reduction in customer orders and subsequently reopened in May 2024 to meet current capacity needs.