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, 2023, filed with the SEC on March 20, 2024. 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, 2023.
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