Item 1A. Risk Factors
ITEM
1A. RISK FACTORS
We currently maintain all our cash in one financial institution and our deposits exceed the Federal Deposit Insurance
limits leaving most of our cash uninsured.
Disruptions
to the economy, and the US banking system caused by recent bank failures, and the related costs or losses associated with uninsured deposits,
responsive measures by federal or state, governments, or banking regulators, potential future disruptions in access to bank deposits
or lending commitments, could materially adversely affect our income, net income and other results of operations by increasing our cost
and decreasing our access to capital, suppressing the resources of our customers and potential customers to purchase our products and
services, and otherwise generally depressing activity in the economy.
There
have been no further material changes from the risk factors previously disclosed in Part I, Item 1A “Risk Factors” of our
Annual Report on Form 10-K for the year ended September 30, 2022, filed with the Commission on December 20, 2022 (the “ Form
10-K ”).
20
Table of Contents
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.