SolarMax Technology, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
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Item 2. Properties
We lease our offices and do not own any real estate. The following table set forth information as to the real property leased by us:
| Location | Square Feet | Current Annual Rent | Expiration Date |
|---|---|---|---|
| 3080 12th Street, Riverside, CA (1) | 158,693 | $1,618,418 | 12/31/26 |
| Room 402, Floor 4, No. 558 Tongxie Rd., Shanghai, China | 5,920 | 104,693 | 12/31/23 |
| (1) | This property is owned by 3080 Landlord pursuant to a net lease dated October 13, 2022. Rent for the first lease year is at the annual rate of $1,618,418 and increases 3% per year. |
We believe our current facilities are adequate for the foreseeable future. If we require additional or substitute space, we believe that we will be able to obtain such space on acceptable, commercially reasonable terms.
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