Item 1. Legal Proceedings
ITEM 1. LEGAL PROCEEDINGS
We may from time to time be involved
in various claims and legal proceedings of a nature we believe are normal and incidental to our business. These matters may include product
liability, intellectual property, employment, personal injury cause by our employees, and other general claims. Aside from the following,
we are not presently a party to any legal proceedings that, in the opinion of our management, are likely to have a material adverse effect
on our business. Regardless of outcome, litigation can have an adverse impact on us because of defence and settlement costs, diversion
of management resources and other factors.
Pending Legal Proceeding(s) :
Randall S. Sprung v. Bannor
Michael MacGregor, Jeffery Katz, and Life Design Station International, Inc. – Supreme Court of New York, County of Kings, Index
No.: 504677/2019. This action was settled and a stipulation of discontinuance with prejudice of all claims and counterclaims brought in
the action was filed on May 9, 2025.
ITEM 1A. RISK FACTORS
There have been no material changes to the risk factors described in
our Annual Report on Form 10-K for the year ended December 31, 2024.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF
PROCEEDS
There are no transactions that have not been previously included
in a Current Report on Form 8- K.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable.
ITEM 4. MINE SAFETY DISCLOSURES .
Not applicable.
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.