Item 8.01 Other Events
(a) Pursuant to SEC Release No. 34-88465 (
(b)
(1) Registrant is relying on the Order in filing this Report and taking the actions stated;
(2) Registrant's primary business operations, through its wholly-owned
subsidiary
Management and staff of Registrant have been working tirelessly to meet that
demand and have minimal remaining capacity to undertake the work necessary to
complete the audit of its financial affairs and to complete and file the Form
10-K for the year ended
(3) Registrant estimates that it will file the Form 10-K report on or before
(4) The risk factors related to the impact of COVID-19 on Registrant's business are:
The significant increase in demand for telemedicine services has put considerable strain on the available resources of Registrant and will require increase in staffing to meet the demand. It is uncertain whether Registrant can retain and train new staff with its still limited capital resources and with the current social distancing limitation on hiring new workers. If Registrant is unable to meet the increased demand for its services due to limited capital or limited staff, its ability to expand its business and market will be at risk.
If Registrant expands its staff and operations to meet the current and growing demand for telemedicine services during the current COVID-19 pandemic, it is uncertain whether that demand will continue at the same levels when the COVID-19 emergency has receded, placing Registrant at risk of having over-expanded its staff and resources.
(5) Not applicable
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