Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On November 18, 2020, the Company received a notification from the NYSE American LLC (the "NYSE American") indicating that, as a result of the Company's stockholders' equity of $4.7 million as of September 30, 2020, and reported losses for each of the last five fiscal years, the Company is not in compliance with the stockholders' equity standards for continued listing on the NYSE American. The notice has no immediate effect on the listing or trading of the Company's common stock.

The Company has until December 18, 2020 to present a plan to the NYSE American advising of actions it has taken or will take to regain compliance with the continued listing standards by May 18, 2022. If the NYSE American accepts the plan, the Company will be subject to ongoing periodic reviews, including quarterly monitoring, for compliance with the plan.

The Company intends to submit a plan by December 18 and will consider all available options to regain compliance with the continued listing standards of the NYSE American. If the Company does not submit a plan, or submits a plan which is accepted but does not regain compliance by May 18, 2022, the NYSE American will commence delisting proceedings.




Item 8.01 Other Events.

On November 20, 2020, the Company issued a press release announcing the notice from the NYSE American. A copy of the press release is filed herewith as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.





Exhibit Number   Description

99.1               Press release dated November 20, 2020 regarding NYSE American
                 notice.

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