Item 1. Legal Proceedings
Item
1. Legal Proceedings
From
time to time we may be subject to litigation and arbitration claims incidental to its business. Such claims may not be covered by our
insurance coverage, and even if they are, if claims against us are successful, they may exceed the limits of applicable insurance coverage.
The Company was party to litigation with former employee, Robert Rankin, who resigned on March 30, 2020. The matter
was resolved on October 21, 2024 and all complaints and cross complaints were dismissed with prejudice.
Item
1A. Risk Factors
As
a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required
by this Item. Our current risk factors are set forth in our Form 10-K, filed with the SEC on February 29, 2024.
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds
None.
Item
3. Defaults upon Senior Securities
None.
Item
4. Mine and Safety Disclosure
Not
applicable.
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