Lifeloc Technologies, Inc

On October 31, 2014, we purchased the commercial property we use as our corporate headquarters and certain adjacent property in Wheat Ridge, Colorado. The building consists of 22,325 square feet, of which 19,551 square feet are occupied by us and 2,774 square feet is currently leased to one tenant whose lease expires June 30, 2025 and does not have an option to renew. In addition to housing our corporate headquarters, we use this property for research and development, manufacturing, shipping/receiving, warehouse, and inventory purposes. We may continue to lease the space we are not occupying, or we may elect to expand our own operations into space currently leased to the other tenant. Our purchase of the property was partially financed through a term loan in an original principal amount of $1,581,106, secured by a first-priority mortgage on the property. This loan was paid on September 30, 2021 with proceeds from a new term loan, also secured by a first-priority mortgage on the property, in the principal amount of $1,350,000 which matures in September 2031.