Item 1. Legal Proceedings
ITEM
1. LEGAL PROCEEDINGS.
We
are subject to legal proceedings, claims and litigation arising in the ordinary course of business. While the amounts claimed may be
substantial, the ultimate liability cannot presently be determined because of considerable uncertainties that exist. Therefore, it is
possible that the outcome of those legal proceedings, claims and litigation could adversely affect our quarterly or annual operating
results or cash flows when resolved in a future period. However, based on facts currently available, management believes such matters
will not adversely affect in any material respect our financial position, results of operations or cash flows.
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