Item 1. Legal Proceedings
ITEM
1. LEGAL PROCEEDINGS
From
time to time, we are involved in legal proceedings, claims, and litigation arising in the ordinary course of business, which
may impact our financial results.
As
of August 31, 2024, there were no pending legal proceedings. However, the outcome of any future legal matters, claims, or litigation
could potentially have a material adverse effect on our quarterly or annual operating results or cash flows when resolved
in subsequent periods. Nonetheless, based on current information, management believes these matters will not have a material adverse
effect on the our consolidated financial position, results of operations, or cash flows.
ITEM
1A. RISKS FACTORS
Investing in our common stock involves certain risks. Before making an
investment decision, you should carefully consider all the information within this Quarterly Report, including the information contained
in Part I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations, as well as in our condensed
consolidated financial statements and the related notes contained in Part I, Item 1 within this Quarterly Report. In addition, you should
carefully consider the risks and uncertainties described in Part I, Item 1A, “Risk Factors,” of our 2024 Annual Report, as
well as in our other public filings with the SEC. If any of the identified risks are realized, our business, results of operations, financial
condition, liquidity, and prospects could be materially and adversely affected. In that case, the trading price of our common stock may
decline, and you could lose all or part of your investment. In addition, other risks of which we are currently unaware, or which we do
not currently view as material, could have a material adverse effect on our business, results of operations, financial condition, and
prospects.
During the three months ended August 31, 2024, there were no material changes to the risks and uncertainties described
in Part I, Item 1A, Risk Factors, of our 2024 Annual Report.
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