Item 2. Properties
ITEM 2. PROPERTIES
This table summarizes our facilities as of June 30, 2026. 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
85,070
Leased
December 2032
Manno, Switzerland(4)
Warehousing
30,892
Leased
December 2026
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 Amendment to the Lease covering this facility. The Amendment, effective April 1, 2024, extended 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 Amendment to the Lease covering this facility that became effective January 1, 2023 and extended the Lease through December 31, 2032.
(4)
This facility is used by NAIE for additional warehouse storage. On June 9, 2026, NAIE provided notification of terminating this lease effective December 31, 2026.
(5)
We purchased our Carlsbad, California corporate headquarters in March 2016. This asset is classified as held for sale as of June 30, 2026.
(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. The Board of Directors also approved management to sell this facility which is a more specialized property, and we anticipate may not be sold quickly.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.