AgEagle Aerial Systems Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
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Item 2. PROPERTIES
As of December 31, 2023, the Company is a party to the following non-cancellable operating leases for manufacturing facilities and office space:
| Location | Purpose | Initial Term (months) | Lease Expiration Date |
|---|---|---|---|
| 8201 E. 34th Cir N Suite 1307 Wichita, Kansas | Manufacturing Facility & Corporate Headquarters | 36 | October 31, 2026 |
| Route de Genève 38 1033 Cheseaux-sur-Lausanne, Switzerland | Distribution & Assembly Facility & Offices | 60 | April 30, 2028 |
| 1300 N. Northlake Way Seattle, Washington (Subleased) | Offices | 60 | January 2026 |
As of December 31, 2023, the Company held properties in Wichita, KS, Lausanne, Switzerland; and Seattle, WA and represent non-cancellable lease obligations assumed by the Company as a result of its 2021 business acquisitions of senseFly S.A., senseFly Inc., Measure Global Inc., and MicaSense, Inc., respectively. Starting late 2022, the Company has been engaged in consolidating its business and manufacturing operations from multiple offices to two centralized locations in Wichita, Kansas and Lausanne, Switzerland. We expect to complete our consolidation efforts before the end of 2024. We vacated our offices in Seattle, Washington and subleased the offices to a third party in May 2023.
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