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What changed 10-K

Item 2. Properties

2025-03-27 compared with 2024-03-22 · 10 added, 9 removed, 1 unchanged (95% of the section changed)

We own no properties.

With the closing of our IPO, our principal place of business is located in Orlando, Florida at the Rotor Riot facility.

In October 2023,

Rotor Riot signed a five-year lease for a 6,900 sq.

Our principal place of business is located in Orlando, Florida at the

Rotor Riot facility.

In October 2023, Rotor Riot signed a five-year lease for a 6,900 sq.

foot facility in Orlando, FL.

We currently anticipate that the current leased space

will be sufficient to support our current and future needs.

In addition, we have an executive office located at 15 Ave.

Muñoz Rivera,

Suite2200, San Juan, Puerto Rico 00901 which we sublet from Red Cat on month-to-month basis.

We currently anticipate

that the current leased space will be sufficient to support our current and future needs, except to support our new drone component manufacturing

We expect we can lease a suitable facility near our executive offices with comparable costs per square foot.

In addition, we

have an executive office located at 15 Ave.

Muñoz Rivera, Suite2200, San Juan, Puerto Rico 00901 which we sublet from Red Cat on

month-to-month basis.

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.