LEGAL PROCEEDINGS
−Removed: We may be subject to legal proceedings, investigations and claims incidental to the conduct of our business from time to time.
−Removed: We are not currently a party to any material litigation or other legal proceedings brought against us.
−Removed: We are also not aware of any legal proceeding, investigation or claim, or other legal exposure that has a more than remote possibility of having a material adverse effect on our business, financial condition or results of operations.
+Added: July 29, 2024, Object3, LLC initiated an arbitration proceeding with the American Arbitration Association, styled Object3, LLC, Claimant,
+Added: Cloudburst Security, LLC, Respondent , Case No.
+Added: 01-24-0006-9906.
+Added: The claimant made claims against Cloudburst for unpaid consulting
+Added: services and associated costs, fees, and interest for the prior 12-month period in the aggregate amount of approximately $228,000.
+Added: Cloudburst (a wholly-owned subsidiary) denies that it owes such amount to Claimant.
+Added: The arbitration is in the early stages, and, as of
+Added: the date of this quarterly report, we are in negotiations to settle this case.
+Added: know of no other material pending legal proceedings to which we or any of our subsidiaries are a party or to which any of our assets
+Added: or properties, or the assets or properties of any of our subsidiaries, are subject and, to the best of our knowledge, no adverse legal
+Added: activity is anticipated or threatened.
+Added: In addition, we do not know of any such proceedings contemplated by any governmental authorities.
+Added: know of no material proceedings in which any of our directors, officers, or affiliates, or any registered or beneficial stockholder is
+Added: a party adverse to us or any of our subsidiaries or has a material interest adverse to us or any of our subsidiaries.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.