Item 1. Legal Proceedings
ITEM 1 – LEGAL PROCEEDINGS
We are not currently subject to any material legal
proceedings, nor, to our knowledge, is any material legal proceeding threatened against us. From time to time, we may be a party to litigation
and subject to claims incident to the ordinary course of business. Although the results of litigation and claims cannot be predicted with
certainty, we currently believe that the final outcome of these ordinary course matters will not have a material adverse effect on our
business. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of
management resources and other factors.
ITEM 1A – RISK FACTORS
There have been no material changes to the risk
factors previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on March 12, 2026,
as amended on April 24, 2026.
ITEM 2 – UNREGISTERED SALES OF EQUITY
SECURITIES AND USE OF PROCEEDS
None.
ITEM 3 – DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4 – MINE SAFETY DISCLOSURES
Not applicable.
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