Item 2. Properties
ITEM
2. PROPERTIES
As
of December 31, 2025, we had three facilities located throughout the U.S. and Canada. One of these facilities is owned and the remainder
are leased. Our principal facilities are as follows:
Address
Type
Ownership
Size
(sq ft)
2500
N America Dr., West Seneca, NY 14224, U.S. (1)
Corporate
Headquarters, Warehouse, and Manufacturing
Owned;
Collateral for line of credit
152,847
391
Steelcase Road, West, Unit 17, Markham L3R3V9, Canada (2)
Office,
R&D Facility
Rented
1,992
967
W. Hwy NN, Suites C, D, E &F, Ozark, MO, U.S. (3)
Office,
R&D Facility
Rented
12,500
(1)
For
further information on this property, see Note 12 - Indebtedness of Part II Item 8, Financial Statements and Supplementary Data,
of this Report.
(2)
Two-year
lease, dated July 18, 2025, at a rate of $2,299 CAD per month with a termination date of July 17, 2027.
(3)
Three-year
lease, dated May 1, 2025 - at a variable rate beginning at $9,659 USD per month with a termination date of April 30,
2028.
We
believe our facilities are suitable and adequate for our current operations.
ITEM
3. LEGAL PROCEEDINGS
From
time to time, we are involved in lawsuits, claims, investigations, and proceedings. We are not presently a party to any material pending or threatened
legal proceedings, nor do we have any knowledge of any such pending claim.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
24
PART
II
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