13. Risks and Uncertainties
The Company’s business operations, operating
results, and financial condition are vulnerable to certain risks and uncertainties including:
| ● | Inflation
and its related impact on costs and expenditures on domestic and foreign-sourced materials
and services; |
| ● | Rising
interest rates and its impact on the equity markets, investment valuations, and interest
rate-sensitive calculations such as discount rate assumptions used in cash flow projections
and going-concern assessments; |
| ● | Effects
of the Russia-Ukraine and Israeli-Palestine conflicts such as possible cyberattacks and potential
disruptions in the banking systems and capital markets and the supply chain; and |
| ● | Other
factors beyond its control such as natural disasters, terrorism, civil unrest, infectious
diseases and pandemics including COVID-19 and its variants. |
The Company is unable to predict and quantify
at this time the extent of the related potential adverse effects but continuously monitors these risks and uncertainties on its future
operations and financial performance.
|