Item 3. Legal Proceedings
ITEM 3. LEGAL PROCEEDINGS
From time to time, we may become
involved in various lawsuits and legal proceedings which arise in the ordinary course of business. Litigation is subject to inherent uncertainties,
and an adverse result in these or other matters may arise from time to time that may harm our business. There are no legal proceedings
pending at this time.
In April 2019 the principals of
WeSecure filed lawsuit in California Superior Court seeking damages for non-payment of the remaining balance from the sale of WeSecure
assets. In June 2019, the case was settled for $180,000, payable in 14 monthly installments. The final installment totaling
$25,000, unpaid consulting fees payable to the two principals through to September 2019 totaling $125,924, and labor code violations of
$48,434 all totaling $199,358 plus attorney’s fees and damages. The parties finally settled all claims with a full release for $180,000
in June 2019 payable in 14 monthly installments. The final $122,000 payment was made in March 2021.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.