Item 2. Properties
Item 2. Properties.
Our corporate headquarters is in Billerica, Massachusetts
where we occupy approximately 7,500 square feet of office and showroom space under lease that expires in 2027. We lease properties located
within various geographic regions in which we conduct business, including Colorado, Georgia, Massachusetts, Michigan, and Oregon. Our
properties include office spaces, showrooms and warehouses used for research and development, operational, sales, management, and administrative
purposes. All of our facilities are leased.
For leases that are scheduled to expire during
the next 12 months, we may negotiate new lease agreements, renew existing lease agreements, exercise any respective options to extend
the existing lease agreements, or use alternate facilities. We believe our facilities are adequate for our needs and believe that we
should be able to renew any of our existing leases or secure similar property without an adverse impact on our operations.
Item 3. Legal Proceedings.
Please see “Item 1 – Business –
Legal Proceedings” for a discussion of the significant legal proceedings in which we are involved.
Item 4. Mine Safety Disclosures.
Not applicable.
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PART II
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