Item 3. Legal Proceedings
ITEM 3. LEGAL PROCEEDINGS
We are not a party to any material legal
proceeding that we believe is likely to have a material adverse effect on our consolidated financial position or results of operations.
From time to time, we may be subject to legal proceedings and claims in the ordinary course of business. These claims, even if not meritorious,
could result in the expenditure of significant financial resources and diversion of management efforts. to any pending legal proceeding.
To the knowledge of our management, no federal, state or local governmental agency is presently contemplating any proceeding against us.
No director, executive officer or affiliate of ours or owner of record or beneficially of more than five percent of our common stock is
a party adverse to us or has a material interest adverse to us in any proceeding.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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PART II
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.