Commitments and contingencies

12 Months Ended

Dec. 31, 2023

Commitments and contingencies

Commitments and contingencies

Note 11 - Commitments and contingencies

Rents and operating leases

The Company utilizes leased facilities and operates equipment under non-cancelable operating leases through July 2030. Below is a table of key properties:

			Lease
	Annual		Expiration
Location	Rent		Date
Baton Rouge, Louisiana	$	30,000	5/2024
Champaign, Illinois	$	609,000	12/2024
Champaign, Illinois (2nd location)	$	349,000	9/2026
Charlotte, North Carolina	$	38,000	5/2025
Escondido, California	$	238,000	6/2027
Long Beach, California	$	28,800	2/2024*
Ontario, California	$	174,000	12/2024
Riverside, California	$	27,000	Month to Month
Rantoul, Illinois	$	36,000	Month to Month
Smyrna, Georgia	$	492,000	7/2030
Stony Point, New York	$	118,000	6/2026
Woodcliff Lake, New Jersey	$	236,000	8/2027

* Lease was renewed on March 1, 2024.

The Company rents properties and various equipment under operating leases. Operating lease expense for the years ended December 31, 2023, 2022 and 2021 totaled approximately $1.7 million, $2.6 million and $3.1 million. In addition to the properties above, the Company does at times utilize public warehouse space on a month to month basis. The Company typically enters into short-term leases for the facilities and wherever possible extends the expiration date of such leases.