Item 8.01 Other Events
The current outbreak of COVID-19 has posed a significant impact on the Company's
ability to file on a timely basis its Annual Report on Form 10-K for the year
ended
The preparation of the Company's Annual Report, including financial statements
and the auditing process, has been delayed by a government-imposed stay-at-home
order for our offices in
The Company plans to include in the Annual Report the following risk factor:
The current outbreak of COVID-19 could have a material and adverse effect on our business operations. These could include disruptions or restrictions on our ability to travel or to sell our products and services, as well as temporary closures of our offices. Any such disruption or delay would likely impact our sales and operating results. In addition, COVID-19 has resulted in a widespread health crisis that could adversely affect the economies and financial markets of many other countries, resulting in an economic downturn that could affect demand for our products and services and significantly impact our operating results. Additionally, the continued spread of COVID-19 and uncertain market conditions may limit the Company's ability to access capital.
Certain of the statements contained in this report should be considered
forward-looking statements within the meaning of the Securities Act of 1933, as
amended, the Securities Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995. These forward-looking statements are
often identified by the use of forward-looking terminology such as "will,"
"believes," "expects," "endeavor" or similar expressions, involving known and
unknown risks and uncertainties. Although the Company believes that the
expectations reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this report. The
Company's actual results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors, including the
risk factors discussed in the Company's periodic reports that are filed with the
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