Item 1B. Unresolved Staff Comments
ITEM
1B. UNRESOLVED STAFF COMMENTS
Not
applicable.
ITEM
1C. CYBERSECURITY
Risk Management and Strategy
We
have processes for assessing, identifying and managing cybersecurity risks, which are built into our information technology function
and are designed to help protect our Company from cyber threats as well as secure our networks and systems. Such processes include safeguards,
response plan, and review of our policies and procedures to identify risks. We engage an external party to enhance our cybersecurity
oversight.
Governance
Our
Audit Committee of the Board of Directors, or the Audit Committee, is responsible for overseeing cybersecurity risk and periodically
updates our Board of Directors on such matters. The Audit Committee receives periodic updates from management regarding cybersecurity
matters, and is notified between such updates regarding any significant new cybersecurity threats or incidents. We do not believe that
there are currently any known risks from cybersecurity threats that are reasonably likely to materially affect us or our business strategy,
results of operations or financial condition.
Our Chief Financial Officer
is responsible for the operational oversight of company-wide cybersecurity strategy, policy, and standards across relevant departments
to assess and help prepare us to address cybersecurity risks.
ITEM
2. PROPERTIES
The Company leases approximately
5,000 square feet of office space in Boca Raton, Florida from a third-party, which serves as the headquarters of the Company. We currently
pay approximately $16,000 per month for this lease which expires in March 2027.
We
believe our current facilities are suitable and adequate to meet our current needs.
ITEM
3. LEGAL PROCEEDINGS
We
currently are not a party to any material litigation or other material legal proceedings. We may, from time to time, be subject to legal
proceedings and claims arising in the normal course of business.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
58
PART
II
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