Item 1. Legal Proceedings
ITEM
1. LEGAL PROCEEDINGS
We
are currently not involved in any litigation that we believe could have a material adverse effect on our financial condition or results
of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency,
self-regulatory organization or body pending or, to the knowledge of the executive officers of the Company, threatened against or affecting
the Company, our common stock, our officers or directors in their capacities as such, in which an adverse decision could have a material
adverse effect.
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