What changed in this filing

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Item 2. Properties

2021-09-28 compared with 2020-09-24 · 19 added, 19 removed, 0 unchanged (100% of the section changed)

We conduct our domestic operations at three

facilities in Gardner, Massachusetts and one facility in El Paso, Texas.

We are currently a tenant-at-will, paying rent of $9,000

per month for our main Gardner facility.

We rent two other smaller Gardner facilities on a month-to-month basis.

Our Ross Optical

division rents a facility in El Paso, Texas from an unrelated party pursuant to an operating lease through May 2022 at monthly

base rates beginning at $3,392 and increasing to $3,563 per month during the term of the lease.

We believe these facilities are adequate

for our current operations and are adequately covered by insurance.

Significant increases in production or the addition of significant

equipment additions or manufacturing capabilities in connection with the production of our line of endoscopes and other products

may, however, require improvements to existing facilities or the acquisition or lease of additional facilities.

We may establish

production facilities domestically or overseas to produce key assemblies or components, such as lenses, for our products.

facilities may subject us to the political and economic risks associated with overseas operations.

The loss of or inability to

establish or maintain such additional domestic or overseas facilities could materially adversely affect our competitive position

and profitability.

We conduct our domestic operations at three facilities

in Gardner, Massachusetts and one facility in El Paso, Texas.

We are currently a tenant-at-will, paying rent of $9,000 per month for our

main Gardner facility.

We rent three other smaller Gardner facilities on a month-to-month basis.

Our Ross Optical division rents a facility

in El Paso, Texas from an unrelated party pursuant to an operating lease through May 2022 at monthly base rates beginning at $3,392 and

increasing to $3,563 per month during the term of the lease.

We believe these facilities are adequate for our

current operations and are adequately covered by insurance.

Significant increases in production or the addition of significant equipment

additions or manufacturing capabilities in connection with the production of our line of endoscopes and other products may, however, require

improvements to existing facilities or the acquisition or lease of additional facilities.

We may establish production facilities domestically

or overseas to produce key assemblies or components, such as lenses, for our products.

Overseas facilities may subject us to the political

and economic risks associated with overseas operations.

The loss of or inability to establish or maintain such additional domestic or

overseas facilities could materially adversely affect our competitive position and profitability.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties