Legal Proceedings
−Removed: time to time we become involved in or are threatened with what we consider to be immaterial disputes.
−Removed: There are no current, past,
−Removed: pending or threatened legal proceedings or administrative actions either by or against the Company that in our opinion could have
−Removed: a material effect on our business, financial condition, or operations.
+Added: time to time, we become involved in or are threatened with legal disputes.
+Added: While most of these disputes are not likely
+Added: to have a material effect on our business, financial condition, or operations, the following matters are deemed by the Company
+Added: to be material either due to the costs of litigation or the potential negative impacts to the Company should these matters not be resolved
+Added: in our favor:
+Added: Crest Ventures, LLC – We have been sued in a putative breach of contract
+Added: case in the District Court for Arapahoe County, Colorado.
+Added: The allegations in the action are based on a claim that Crest Ventures, LLC
+Added: is entitled to commission compensation on the February 2021 uplisting of our common stock to the Nasdaq Capital Market.
+Added: We believe we
+Added: have substantial defenses to the claim asserted in this lawsuit and intend to vigorously defend this action.
+Added: Sunflower Bank – We have filed a lawsuit against Sunflower Bank related
+Added: to fraudulent wire transfers of approximately $5,100,000 that were made from our accounts at Sunflower Bank in October 2021.
+Added: date of this Report, $875,950 of these funds have been returned to us.
+Added: We are suing Sunflower Bank for the remaining $4,224,050 as we
+Added: believe that Sunflower Bank failed to follow industry standard procedures designed to prevent such a theft and is therefore liable for
+Added: the unrecovered balance.
+Added: We expect Sunflower Bank, Sunflower Bank’s insurers, and/or our insurer to reimburse us for the remaining
MINE SAFETY DISCLOSURES
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.