Item 1. Legal Proceedings
ITEM 1. LEGAL PROCEEDINGS
On August 26, 2024, a former software engineer
filed an action against the Company in the Superior Court for the County of San Bernardino, State of California alleging wrongful termination
and other violations of the California Labor Code. The complaint seeks unspecified economic and non-economic losses, as well as attorneys’
fees. The Company is investigating and intends to vigorously defend itself in the foregoing matters. However, litigation and investigations
are inherently uncertain. The Company does possess EPLI insurance, and the legal team as selected by the insurance company is currently
handling the matter. The Company vigorously disputes these allegations.
ITEM 1A. RISK FACTORS
We are a smaller reporting company as defined
by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.