Item 1. Legal Proceedings
ITEM
1.
LEGAL
PROCEEDINGS
From time to time, we may become
involved in various lawsuits and legal proceedings that arise in the ordinary course of our business. Litigation is, however, subject
to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We
are currently not aware of any legal proceedings or claims that we believe would or could have, individually or in the aggregate, a material
adverse effect on us. Regardless of final outcomes, however, any such proceedings or claims may nonetheless impose a significant burden
on management and employees and may come with costly defense costs or unfavorable preliminary interim rulings.
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