Item 2. Properties
Item 2. Properties
Our corporate headquarters are located in Encino, California and consists of approximately 17,497 square feet of leased property which expires on April 30, 2022, which we expect to extend, and potentially expand, through December 31, 2023.
We primarily utilize third-party distribution networks. During 2021, we purchased a 131,930 square feet warehouse facility in Evansville, Indiana for a total purchase price of $1.7 million.
We believe that our current facilities are suitable and adequate to meet our current needs, but are continuing to evaluate opportunities for expansion to support our plans for growth and cost reduction. In addition, we believe that additional or alternative space to support future use and expansion will be available on reasonable commercial terms.
Item 3. Legal Proceedings
We are not subject to any material legal proceedings.
Item 4. Mine Safety Disclosures.
Not applicable.
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PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.