Item 2. Properties
ITEM 2.
PROPERTIES
Effective October, 2018, we
extended our operating lease for a 15,000 square foot office and warehouse located in Baltimore County, Maryland to expire in April 2022.
Monthly rental expense, with common area maintenance, currently approximates $14,500 and increases 2.5% per year.
Effective March 2003, we entered
into an operating lease for office space in Naperville, Illinois. This lease, consisting of 3,400 square feet, was renewed and extends
through February 2022. The monthly rental, with common area maintenance, approximated $4,900 per month during the current fiscal year.
6
The Company believes that
its current facilities are currently suitable and adequate.
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