Item 1. Legal Proceedings
ITEM 1. LEGAL PROCEEDINGS
We are involved in, or have
been involved in, arbitrations or various other legal proceedings that arise from the normal course of our business. We cannot predict
the timing or outcome of these claims and other proceedings. The ultimate outcome of any litigation is uncertain, and either unfavorable
or favorable outcomes could have a material negative impact on our results of operations, balance sheets and cash flows due to defense
costs, and divert management resources. Currently, we are not involved in any arbitration and/or other legal proceeding that we expect
to have a material effect on our business, financial condition, results of operations and cash flows.
ITEM 1A. RISK FACTORS
Information regarding the
Company’s risk factors appears in “Part I. – Item 1A. Risk Factors” of our Annual Report on Form 10-K for the
fiscal year ended December 31, 2021, filed with the SEC on March 25, 2022. There are no material changes from the risk factors previously
disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021.
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