Item 3. Quantitative and Qualitative Disclosures About Market Risk
ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
We
are a “smaller reporting company” as defined under paragraph (f) of Item 10 of Regulation S-K promulgated by the SEC and are
exempt from the disclosures under this Item 3 of Part I of Form 10-Q. We note that our funds are invested in demand-deposit interest-bearing
bank accounts. The interest accruing in those accounts is subject to fluctuation based on market changes in interest rates. We do not
believe that any fluctuation in market interest rates will materially impact the value of those funds in those accounts.
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