Item 1. Legal Proceedings
Item 1. Legal Proceedings.
We may from time to time be subject to various
legal or administrative claims and proceedings arising in the ordinary course of business. Litigation or any other legal or administrative
proceeding, regardless of the outcome, can result in substantial cost and the diversion of our resources, including our management’s
time and attention.
As of the date of this Quarterly Report, we are not aware of any material, active, pending or threatened to which the Company or any of
its subsidiaries is a party, or to which any of their property is subject to, that, if determined adversely to us, would have a material
adverse effect on our business, financial condition, results of operations or cash flows.
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