Item 2. Properties
Item 2. Properties.
The Company leases its office and production facilities,
located at 3101 S US-1, Fort Pierce, Florida from Visconti Holdings, LLC. Visconti Holdings, LLC is a single member LLC that holds the
ownership of the property, and its sole member is Joseph C Visconti, our CEO. We entered into the lease on January 1, 2020, which, as
amended January 1, 2021, provided for an initial term of five years and one additional five-year term at the option of the Company.
The Lease Agreement was amended on December 31, 2025 and was converted to a month-to-month tenancy while the parties negotiate a subsequent
lease agreement. During the month-to-month tenancy, the Company pays Visconti Holdings, LLC $36,456 per month plus applicable sales and
use tax, which is currently 6.5% in St. Lucie County, Florida.
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