On the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus (“COVID-) and in classified the outbreak as a pandemic. In the President of the United States and the Governor of California declared a state of emergency, based on the rapid increase in COVID- cases including in California. In response to the COVID- pandemic, the Company has implemented a number of measures intended to ensure the safety of personnel and the continuity of operations. Following a mandated shut down in the Company was designated as an essential business and has largely returned to “business as usual,” though it continues to implement and follow the protective measures described above.

 

The COVID- pandemic has caused significant disruptions to the global, national and local economy. The overall economic and other impacts of the COVID- pandemic in the areas in which the Company and its customers and suppliers operates is known and cannot be predicted at this time. While the disruption is currently expected to be temporary, there is uncertainty about the duration and the total economic impact. If this situation is prolonged, the pandemic could cause additional delays and could have a short- or long-term adverse impact, possibly material, on the Company's future financial condition, liquidity, and results of operations.