Item 7A. Quantitative and Qualitative Disclosures About Market Risk
Item
7A. Quantitative and Qualitative Disclosures About Market Risk
From
inception through December 31, 2023, the Company’s reporting currency is the United States dollar while the functional currency
of certain of the Company’s subsidiaries were the Canadian dollar and Australian dollar. For the reporting periods ended December
31, 2023 and December 31, 2022, the Company engaged in a number of transactions denominated in Canadian dollars and Australian dollars.
As a result, the Company is subject to exposure from changes in the exchange rates of the Canadian dollar and Australian dollar against
the U.S. dollar.
The
Company has not entered into any financial derivative instruments that expose it to material market risk, including any instruments designed
to hedge the impact of foreign currency exposures. The Company may, however, hedge such exposure to foreign currency exchange fluctuations
in the future.
Item
8. Financial Statements and Supplementary Data
The
information required by this Item 8 is included at the end of this Annual Report on Form 10-K beginning on page F-1 and is incorporated here by reference.
Item
9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
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