The Company has engaged an outside contractor to assist it in developing an information security policy and include an incident response plan. The Company is in the process of developing and implementing such policies and obtaining Service Organization Control Type 2 (SOC 2) compliance certification. The SOC II certification process involves a comprehensive assessment conducted by independent auditors to evaluate our systems and controls against established industry standards. As part of the certification process, the effectiveness of the Company’s information security policies and procedures to protect against unauthorized access, breaches, and data theft are assessed. The Company expects to achieve SOC 2 certification in late 2024.