Item 2. Properties
ITEM 2. PROPERTIES
Commencing February 2025,
we moved into a new dedicated headquarters and manufacturing facility in Poway, California, just north of San Diego. This state-of-the-art,
energy-efficient facility has ample square footage, shipping and receiving space, and office spaces to support the company’s growth
by increasing the production capability and shipping efficiency from that of our previous facility. The facility was secured under a sublease
agreement and replaced a similar facility that we shared with our former contract manufacturer from January 2021 through February 2025.
Upon the expiration of the prior sublease, we relocated our corporate and manufacturing office space to our current facility in the same
vicinity under a 13 month sublease agreement with the sublandlord, at a base rental of $18,638 per month.
We do not own any real property.
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