Item 2. Properties
Item 2.
Properties.
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, except to support our new drone component manufacturing
business. 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.
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