Item 1. Legal Proceedings
Item 1. Legal Proceedings
Co-Diagnostics,
Inc. v. Hukui Technology, Inc., et al. (Third Judicial District Court, Salt Lake County, State of Utah, Civil No. 210902131, filed on
April 21, 2021).
The
Company previously disclosed that it had filed a complaint against Defendants Hukui Technology, Inc., Hukui Tech, Inc., and Hukui Bio
Co., Ltd (collectively, “Hukui”) seeking a declaratory judgment that the Company is not obligated to any of them in any amount.
On August 24, 2021, Hukui filed their Answer and Counterclaim seeking damages on a number of theories, including breach of contract for
letter agreements, breach of oral agreement, promissory estoppel, unjust enrichment, and interference with economic relations. On June
1, 2023 the Company filed a Motion for Summary Judgment asking the court for summary judgment on its sole claim for declaratory relief
and for summary judgment with respect to all Hukui counterclaims. On November 7, 2023, the Court issued it decision and granted the
Company summary judgment on its sole claim for declaratory relief and on all Hukui counterclaims.
There have been no other developments to the legal
proceedings previously disclosed under Part I. Item 3 of our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and
under Part II. Item 1. of our Quarterly Reports on form 10-Q previously filed with the SEC.
Item 1A. Risk Factors.
Not required under Regulation S-K for “smaller
reporting companies.”
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