Item 1. Legal Proceedings
Item 1. Legal Proceedings
The Company may from time
to time become party to actions, claims, suits, investigations or proceedings arising from the ordinary course of our business, including
actions with respect to intellectual property claims, breach of contract claims, labor and employment claims and other matters. Any litigation
could divert management’s time and attention from the Company, could involve significant amounts of legal fees and other fees and
expenses, or could result in an adverse outcome having a material adverse effect on our financial condition, cash flows or results of
operations. Actions, claims, suits, investigations and proceedings are inherently uncertain, and their results cannot be predicted with
certainty. We are not currently involved in any legal proceedings that we believe are, individually or in the aggregate, material to our
business, results of operations or financial condition. However, regardless of the outcome, litigation can have an adverse impact on us
because of associated cost and diversion of management’s time.
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