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. As of June 30, 2025, the matter remains pending.
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.