VirTra Inc (VTSI)

[TEEROY]

That is an asset

On August 2, 2016, the Company entered into and concluded an Asset Purchase Agreement (“APA”) with Profiles Tool and Engineering, Inc., an Arizona corporation that operated an engineering and custom machining facility in Mesa, AZ (“Profiles”), . The APA provides that the Company purchased all the assets, properties, rights and goodwill of Profiles, as well as certain liabilities. The total purchase price, including assumed liabilities, was $286,220. With the purchase of this machine shop with its machinery and tools the Company will be able to enhance its ability to efficiently create new simulated weapons with required features and to be better equipped to meet client and market needs.