BIOMERICA INC 10-K

Filed 2023-08-25 · Original on SEC.gov

Attached exhibits

EX-3.1 · Articles and bylaws EX-3.2 · Articles and bylaws EX-4.2 · Indenture or security terms EX-10.1 · Material contract EX-10.5 · Material contract EX-10.6 · Material contract EX-21.1 · Subsidiaries EX-23.1 · Auditor consent

Item 3. Legal Proceedings

ITEM
3. LEGAL PROCEEDINGS 

 The
Company is, from time to time, involved in legal proceedings, claims and litigation arising in the ordinary course of business that have
a negative impact on the financial results of the Company. While the amounts claimed may be substantial, the ultimate liability cannot
be estimated because of considerable uncertainties that exist. Therefore, it is possible the outcome of such legal proceedings, claims,
and litigation could have a material negative effect on 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 have a material adverse effect on the
Company’s consolidated financial position, results of operations or cash flows. 

 There
were no legal proceedings pending as of May 31, 2023. 

 ITEM
4. MINE SAFETY DISCLOSURES 

 Not
applicable. 

 PART
II

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