Item 1B. Unresolved Staff Comments
Item 1B. UNRESOLVED STAFF COMMENTS
As a smaller reporting company, we are not required to provide the
information required by this item.
Item 1C. CYBERSECURITY
We maintain a comprehensive process for identifying,
assessing, and managing material risks from cybersecurity threats (as such term is defined in Item 106(a) of Regulation S-K) as part of
our broader risk management system and processes. The cybersecurity risk management system involves risk assessments, implementation of
security measures, and ongoing monitoring of systems and networks, including networks on which we rely. We actively monitor the current
threat landscape in an effort to identify material risks arising from new and evolving cybersecurity threats. We obtain input, as appropriate,
for our cybersecurity risk management program on the security industry and threat trends from consultants, cybersecurity assessors, auditors
and other third parties to gather certain insights designed to identify and assess material cybersecurity threat risks, their severity
and potential mitigations. We depend on and engage various third parties, including suppliers, vendors, and service providers. Our risk
management, legal, information technology, and compliance personnel identify and oversee risks from cybersecurity threats associated with
our use of such entities. Any incident assessed as potentially being or potentially becoming material is immediately escalated for further
assessment, and then reported to Mr. Blattner, our designated member of our Board of Directors.
Mr. Blattner has oversight responsibility for
risks and incidents relating to cybersecurity threats, including compliance with disclosure requirements, cooperation with law enforcement,
and related effects on financial and other risks, and report any findings and recommendations, as appropriate, to the full Board of Directors
for consideration. Senior management regularly discusses cyber risks and trends and, should they arise, any material incidents with the
designated member of the Board of Directors.
Our business strategy, results of operations and
financial condition have not been materially affected by risks from cybersecurity threats, but we cannot provide assurance that they will
not be materially affected in the future by such risks or any future material incidents. Further, a cyber incident impacting our systems
or a third-party’s systems could subject us to business, regulatory, litigation and reputational risk, which could have a negative
effect on our business, results of operations and financial condition. For more information on our cybersecurity related risks, see Item
1A Risk Factors of this Annual Report.
Item 2. PROPERTIES
We lease offices located in New York, New York
and we believe that the New York offices are sufficient to meet our current needs.
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