Item 2. Properties
ITEM
2.
PROPERTIES
The
Company currently occupies approximately 9,500 square feet of space at an annual rent which, in 2025 was approximately $268,000, for
its executive office, research facility and SPD-Smart Glass Design Center at 240 Crossways Park Drive, Woodbury, New York 11797 under
a lease expiring December 31, 2027, with renewal options through December 31, 2031. The Company believes that its space, including its
laboratory facilities, is adequate for its present needs.
ITEM
3.
LEGAL
PROCEEDINGS
There
are no legal proceedings pending by or against the Company required to be reported under this Item 3.
ITEM
4.
MINE
SAFETY DISCLOSURES
None.
19
PART
II
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.