Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item
3. Quantitative and Qualitative Disclosures About Market Risk
The
primary objective of our investment activities is to preserve capital. We do not utilize hedging contracts or similar instruments. We
are exposed to certain market risks relating primarily to interest rate risk on our cash and cash equivalents invested during the period
and risks relating to the financial viability of the institutions which hold our capital and through which we have invested our funds.
We manage such risks by investing in short-term, liquid, highly rated instruments. As of June 30, 2021, all of our cash is in a non-interest
bearing account due to the current low-interest rate environment. We do not currently have exposure to foreign currency risk.
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