BIOMERICA INC
For the period ended May 31, 2024. Filed Aug 28, 2024.
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FY2024 · Filed Aug 28, 2024
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Item 3. LEGAL PROCEEDINGS
From time to time, the Company is involved in legal proceedings, claims, and litigation arising in the ordinary course of business, which may impact its financial results.
As of May 31, 2024, there were no pending legal proceedings. However, the outcome of any future legal matters, claims, or litigation could potentially have a material adverse effect on the Company’s quarterly or annual operating results or cash flows when resolved in subsequent periods. Nonetheless, based on current information, management believes these matters will not have a material adverse effect on the Company’s consolidated financial position, results of operations, or cash flows.
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