Item 2. Properties
ITEM 2—PROPERTIES
The Company’s manufacturing operations are carried
out at four facilities. The following table sets forth certain information regarding each of these facilities:
Approximate
Aggregate
Usable
Square Feet
Status
Segment
Newport, New Hampshire
350,000
Owned
Firearms/Castings
Prescott, Arizona
230,000
Leased
Firearms
Mayodan, North Carolina
220,000
Owned
Firearms
Earth City, Missouri
35,000
Leased
Castings
Each firearms facility contains enclosed ranges for
testing firearms. The lease of the Prescott facility provides for rental payments which are approximately equivalent to estimated rates
for real property taxes.
The Company has other facilities that were not used
in its manufacturing operations in 2022:
Approximate
Aggregate
Usable
Square
Feet
Status
Segment
Southport, Connecticut
25,000
Owned
Corporate
Newport, New Hampshire(Dorr Woolen Building)
45,000
Owned
Firearms
Enfield, Connecticut
10,000
Leased
Firearms
Rochester, New Hampshire
2,000
Leased
Firearms
Fairport, New York
3,700
Leased
Corporate
Mayodan, North Carolina
225,000
Owned
Firearms
Madison, North Carolina
130,000
Leased
Firearms
There are no mortgages or any other major encumbrance
on any of the real estate owned by the Company.
The Company’s principal executive offices are
located in Southport, Connecticut.
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Table of Contents
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.