LEGAL PROCEEDINGS
−Removed: September 11, 2020, a Complaint was filed against the Company’s SMCL subsidiary and various staffing agencies used by SMCL in a
−Removed: Superior Court of San Bernardino County.
−Removed: The complaint alleges an employee of SMCL committed employment practice violations against a
−Removed: former temporary employee not employed by us.
−Removed: Management investigated the allegation and engaged an employment attorney to defend the
−Removed: The complaint sought damages estimated to be no less than $500,000 in money judgement.
−Removed: case was referred to arbitration and a settlement agreement was negotiated in favor of the plaintiff and settled for $30,000 and the
−Removed: case was dismissed on December 13, 2022.
−Removed: of this filing, management is not aware of any legal proceedings other than matters that arise in the ordinary course of business.
+Added: are not a party to, and our property is not the subject of, any pending material legal proceedings.
+Added: From time to time, we may become
+Added: involved in legal proceedings arising in the ordinary course of our business.
+Added: Regardless of outcome, litigation can have an adverse impact
+Added: on us due to defense and settlement costs, diversion of management resources, negative publicity, reputational harm and other factors..
+Added: Not required for small reporting companies.
+Added: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
+Added: DEFAULTS UPON SENIOR SECURITIES
+Added: are not currently in default upon any of our senior securities.
+Added: MINE SAFETY DISCLOSURES
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.