Item 2. Properties
ITEM 2. PROPERTIES.
We do not own any significant real property,
but our subsidiary leases approximately 5,000 square feet of primarily office space in Connecticut used in connection with our PeriShip
Solutions segment. The lease expires in 2027. We believe that our property has been well maintained, is suitable and adequate for us
to operate and upon expiration of this lease, we do not anticipate any difficulty in obtaining renewals or alternative space.
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