Item 1B. Unresolved Staff Comments
Item 1B. Unresolved Staff Comments
None.
Item 1C. Cybersecurity
As an early stage developing company we depend on the digital technologies
of third parties. Accordingly, the Company and third parties may be subject to attacks on or security breaches in our or their systems.
Because of our reliance on the technologies of third parties, we also depend upon the personnel and the processes of third parties to
protect against cybersecurity threats, and we have no personnel or processes of our own for this purpose. The Audit Committee of the Company
Board, on the Board’s behalf, will periodically review all enterprise risk management issues, including cyber risk. In the event
of a cybersecurity incident impacting us, the management team will report to the Board and provide updates on the management team’s
incident response plan for addressing and mitigating any risks associated with such an incident.
As an early-stage company without significant investments in data security
protection, we may not be sufficiently protected against such occurrences. We also lack sufficient resources to adequately protect against,
or to investigate and remediate any vulnerability to, cyber incidents. It is possible that any of these occurrences, or a combination
of them, could have material adverse consequences on our business and lead to financial loss. For more information regarding cybersecurity
risks that we face and potential impacts on our business related thereto, see the section titled “ Risk Factors ” in
Part I, Item 1A of this Annual Report.
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