Item 1C. Cybersecurity

 

Risk Assessment and Strategy

 

The Company regularly evaluates cybersecurity risk from computer viruses and more sophisticated and targeted cyber-related attacks such as ransomware, as well as cybersecurity failures resulting from human error and technological errors.

 

Our overall strategy in combatting known cybersecurity risks includes a variety of individual tactics, including:

 

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The use of antivirus software, virtual private networks, email security, as well as other software to prevent and detect data intrusions.

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The deployment of updates and patches as they are available and maintaining the current versions of major software to reduce the exposure to vulnerabilities.

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If necessary, the use of third-party security experts if and when an incident is detected.

 

We are not aware of having experienced any material cybersecurity incidents. We are not aware of any existent cybersecurity threats that would materially affect, or are reasonably likely to materially affect, our business strategy, results of operations or financial conditions.

 

Management Oversight

 

Day-to-day management of cybersecurity threats is conducted by our information technology consultant which is charged with identifying and reporting threats to senior management.

 

Board Oversight

 

The Board of Directors is responsible for oversight of management’s efforts to eliminate cybersecurity risks.