BIOMERICA INC

On May 31, 2026, we had approximately 22,000 square feet of floor space at our corporate headquarters in Irvine, California, which we have been leasing since 2009. The initial lease term extended through August 31, 2026 and included an additional five-year extension option.

In May 2026, we exercised the additional five-year extension option and entered into a lease extension agreement with the landlord, extending the lease for an additional five-year term from September 1, 2026 through August 31, 2031. The monthly base rent under the extended lease is approximately $28,400. The security deposit is approximately $22,000.

In November 2016, our Mexican subsidiary, Biomerica de Mexico, entered into a 10-year lease for approximately 8,100 square feet of manufacturing space located in Mexicali, Mexico. We have one 10-year option to renew at the end of the initial lease period. As of May 31, 2026, management determined that exercise of the renewal option was reasonably certain, and we intend to continue to occupy the facility following expiration of the initial lease term. As of the date of this Annual Report, documentation formalizing the renewal had not yet been executed with the landlord. The current rent is approximately $4,300 per month. Biomerica de Mexico also leases a smaller unit on a month-to-month basis for use in one manufacturing process. In addition, we lease a small office in Lindau, Germany on a month-to-month basis, which serves as the headquarters of BioEurope GmbH, our German subsidiary.

We believe our space is adequate for our current needs.