Item 3. Legal Proceedings
ITEM
3.
LEGAL
PROCEEDINGS
In
the ordinary course of business, we may become a party to lawsuits involving various matters. The impact and outcome of litigation, if
any, is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm
our business. We believe the ultimate resolution of any such current proceeding will not have a material adverse effect on our continued
financial position, results of operations or cash flows, except as otherwise set forth below. However, assessment of the current litigation
or other legal claims could change in light of the discovery of facts not presently known to the Company or by judges, juries or other
finders of fact, which are not in accord with management’s evaluation of the possible liability or outcome of such litigation or
claims.
As
of the date of this Annual Report, we are not the subject of any legal proceedings that are expected, individually or in the aggregate,
to have a material adverse impact on our financial position or results of operations.
ITEM
4.
MINE
SAFETY DISCLOSURES
Not
applicable.
49
PART
II
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