XTI Aerospace, Inc. 10-K

ITEM 2: PROPERTIES Our principal executive offices are located in Addison, Texas, where we lease office space supporting corporate management and administrative functions. Through our ADS subsidiary (formerly XTI Aircraft), we operate from a leased facility located at the Chester County Airport in Coatesville, Pennsylvania, which supports engineering and related activities associated with design, development, and integration of unmanned platforms. Our UAS operations, conducted primarily through Drone Nerds, are headquartered in the Miami–Fort Lauderdale metropolitan area of Florida. Drone Nerds operates three primary leased facilities in that region, including its headquarters, a retail showroom location and a dedicated service and repair center. These facilities support product distribution, inventory storage, training, repair and lifecycle support operations. We no longer lease office space in Palo Alto, California or in Germany, and we do not currently maintain any leased facilities outside of the United States. We believe our existing facilities are adequate for our current operations and reasonably anticipated near-term needs.