Item 2. Properties
ITEM 2.
PROPERTIES
Our
corporate headquarters are in Redmond, Oregon, and house our engineering, sales, accounting, and operations staff. Our primary product
warehouse is also located there. Our headquarters is approximately 15,000 square feet, leased at a base rent that increases 3.0% annually
on January 31st of each year. From January 31, 2025 to January 30, 2026, the rental cost of our headquarters is approximately $20,200
per month.
In
May of 2025, we leased a warehouse facility next door to our existing warehouse in Redmond, Oregon. The square footage of this facility
is approximately 6,545 square feet, and from May 1, 2025 to April 30, 2028, the rental cost of this warehouse is approximately $6,545
per month.
We
also lease a property in Elkhart, Indiana that provides office space for sales associates and a stocking location for several large manufacturers
in the area. Elkhart is a hub for RV manufacturing in the United States. The square footage of this facility is approximately 7,000 square
feet and rental cost is approximately $4,900 per month.
We
believe these facilities are sufficient to meet our current and anticipated needs in the near term and that additional space can be obtained
on commercially reasonable terms as needed.
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