The COVID- (coronavirus) outbreak has had a notable impact on general economic conditions, including, but limited to, the temporary closures of many businesses, “shelter in place” and other governmental regulations, and “work from home” directives. There are many unknowns, and many regional inconsistencies. Notable potential effects on the Company include U.S. government procurements be delayed or cancelled, work on new or existing contracts that require personal interactions be suspended, payment processing for customer invoices be delayed, employees and customers or their families become infected, and personal business development meetings be able to take place. The Company continues to monitor the impact of the COVID- outbreak closely.

 

To date, the COVID- impact on the Company's existing business has been minimal. The Company had previously implemented the necessary infrastructure for its employees to work remotely, so it did experience material issues supporting its customers. The Company rapidly adapted to the challenges presented to its administration, including challenges to management, accounting, and information technology infrastructure. The extent to which business development efforts have been hampered by the inability to meet with potential customers in person is indeterminable. The full extent to which the COVID- outbreak will impact the Company's business, results of operations, financial condition, and cash flows over time is uncertain.