MINIM INC
For the period ended Dec 31, 2023. Filed Apr 12, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 12, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 2. Properties
In November 2021, we entered into two operating lease agreements extending the leases on our 24,000 square foot production and warehousing facilities in Tijuana, Mexico through November 2023. The Company did not renew the leases after they expired in November 2023. The Mexico facilities formerly performed most of the final assembly, testing, packaging, warehousing and distribution at these facilities.
We lease 3,218 square feet of office space located in Canton, Massachusetts under an operating lease agreement, which expires in May 2024.
We also lease our principal executive offices in Manchester, New Hampshire, from a related party (refer to Note 6 in the Notes to the Consolidated Financial Statements), which totals approximately 2,656 square feet. The lease is month-to-month with a 60-day termination notification.
We believe that these facilities are suitable and sufficient to meet our current and anticipated needs in the near term and that additional space can be obtained on commercially reasonable terms as needed.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.