Item 1. Legal Proceedings
Item
1. Legal Proceedings
In
the ordinary course of the Company’s business, particularly as it begins commercialization of its products, the Company may be
subject to certain other legal actions and claims, including product liability, consumer, commercial, tax and governmental matters, which
may arise from time to time. The Company is not aware of any such pending legal or other proceedings that are reasonably likely to have
a material impact on the Company. Notwithstanding, legal proceedings are subject to inherent uncertainties, and an unfavorable outcome
could include monetary damages, and excessive verdicts can result from litigation, and as such, could result in a material adverse impact
on the Company’s business, financial position, results of operations, and /or cash flows. Additionally, although the Company has
specific insurance for certain potential risks, the Company may in the future incur judgments or enter into settlements of claims which
may have a material adverse impact on the Company’s business, financial position, results of operations, and /or cash flows.
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