Item 8.01 - Other Events.
Reliance on SEC Relief from Filing Requirements
We have experienced significant disruptions to our business and operations due to circumstances related to COVID-19. In particular, COVID-19 restrictions have limited access to our corporate offices and required our corporate personnel, including our accounting staff and consultants, as well as much of the staff of our independent registered public accounting firm to work remotely. The restrictions have resulted in limited access to the Company's financial records and data and disrupted interactions among the personnel involved in the completion of the Form 10-Q, hindering the Company's ability to gather and vet the information required to prepare and timely file the Form 10-Q. As such, we will require additional time to prepare and finalize our Form 10-Q due to circumstances related to COVID-19.
We expect to file our Form 10-Q by the extended deadline therefor and in any
event no later than 45 days after
Risk Factors
In light of recent developments relating to the COVID-19 global pandemic, the
Company is supplementing "Item 1A. Risk Factors" of the Company's Annual Report
on Form 10-K for the year ended
The effect of the COVID-19 pandemic, or the perception of its effects, on our operations and the operations of our customers, could have a material adverse effect on our business, financial condition, results of operations, or cash flows.
The
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As the result of current restrictions put in place to address COVID-19, we have limited access to our corporate offices, cannot efficiently and fully access our data and records, and our corporate staff is required to work remotely, disrupting interactions among our staff, with our customers and suppliers, and with our accountants, consultants and advisors. The extent to which our results continue to be affected by COVID-19 will largely depend on future developments which cannot be accurately predicted, including the duration and scope of the pandemic, governmental and business responses to the pandemic and the impact on the global economy, our customers' demand for our products and services, and our ability to provide our services, particularly as result of our employees working remotely and/or the closure of certain offices and facilities. While these factors are uncertain, the COVID-19 pandemic or the perception of its effects could continue to have a material adverse effect on our business, financial condition, results of operations, or cash flows.
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