Item 1A. Risk Factors
ITEM 1A.
RISK FACTORS
Effects of COVID-19
The pandemic caused by an outbreak of COVID-19
has resulted, and is likely to continue to result, in significant national and global economic disruption and may adversely affect
our business. Based on the Company’s current assessment, the Company does not expect any material impact on its long-term
development timeline and its liquidity due to the worldwide spread of the COVID-19 virus. However, the Company is actively monitoring
this situation and the possible effects on its financial condition, liquidity, operations, suppliers, industry, and workforce.
There have been no material changes to
the risk factors under Part I, Item 1A of our Form 10-KT for the period ended December 31, 2019, which include more
detailed risk factors related to COVID-19.
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
None.
ITEM 3.
DEFAULTS UPON SENIOR SECURITIES.
None.
ITEM 4.
MINE SAFETY DISCLOSURES
Not applicable.
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