Item 1B. Unresolved Staff Comments
ITEM
1B. UNRESOLVED STAFF COMMENTS.
Not
applicable.
ITEM
1C. CYBERSECURITY.
Risk
Management and Strategy
Due
to the size of our company, we have not yet developed robust policies and processes for assessing, identifying, and managing material
risk from cybersecurity threats. We have implemented access controls with respect to our systems, which we monitor regularly and audit
annually. We currently rely heavily on products and services provided by third-party suppliers to operate certain critical business systems,
including without limitation, cloud-based infrastructure, encryption and authentication technology, email, and other functions. We rely
on third party providers and outsourced IT services to monitor and address cybersecurity related risks, including installing software
for threat protection and malware. Such third-party providers are tasked with notifying management of any material risks or cybersecurity
concerns that they identify, which management then assesses and may bring to our Board of Directors to discuss if deemed necessary or
appropriate. Based on the results of our risk assessments, if deemed necessary or appropriate, we take steps to re-design, implement,
and maintain reasonable safeguards to minimize identified risks; reasonably address any identified gaps in existing safeguards; and regularly
monitor the effectiveness of our safeguards.
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We
intend to work with outside counsel and third-party service providers to further develop our expertise, processes and procedures with
respect to cybersecurity protection and our response plan.
To
date, we have not (to our knowledge) encountered cybersecurity challenges that have materially impaired our operations or financial standing.
For additional information regarding risks from cybersecurity threats, please refer to Item 1A, “Risk Factors,” in this Report.
Governance
Our
management team is primarily responsible for assessing and managing our strategic risk exposures, including material risks from cybersecurity
threats, with assistance from third-party service providers. Management oversees our cybersecurity process on a day-to-day basis, including
those described in “Risk Management and Strategy” above.
Our
Board of Directors does not have a standing risk management committee. Instead, our Board of Directors as a whole has oversight responsibility
for risk management, which it administers directly as well as with the assistance of standing committees of the Board of Directors that
will address risks inherent in their respective areas of oversight. Throughout the year, the board and its committees engage with management
to discuss a wide range of enterprise risks, including cybersecurity.
ITEM
2. PROPERTIES.
We
lease co-working space at 3900 Paseo del Sol, Santa Fe, New Mexico 87507, for a monthly rent expense of approximately $250. The lease
is on a month-to-month basis and is cancelable at any time. We believe that our facilities are suitable for our current needs.