Item 1. Legal Proceedings
Item
1. Legal Proceedings
We
currently do not have any claims, lawsuits, or proceedings against us that, individually or in the aggregate, would be considered material
to our business or likely to result in a material adverse effect on our future operating results, financial condition, or cash flows.
We may from time to time become subject to a range of actual or potential claims, lawsuits and other legal and administrative proceedings
that may arise in the ordinary course of business. Some of these claims, lawsuits and other proceedings may range in complexity and result
in substantial uncertainty; it is possible that they may result in damages, fines, penalties, non-monetary sanctions, or relief.
In March and May of 2025, Company Management became aware of a civil
action filed against the Company by Benjamin Securities, Inc. in Supreme Court, New York County, seeking $425,000.00 in brokerage fees
and costs that the plaintiff alleges are due and owing.
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