Company: ZRCN
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006748
Chunk: 48

Company: ZRCN Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 3
Chunk 48
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.S. website has not violated the laws of Great
Britain and that, in any event, has responded stating such laws do not apply outside Great Britain. As of the date of filing this quarterly
report on Form 10-Q, Mr. Green has not responded to the Company and has not asserted any claim for damages.

Item
1A. Risk Factors

Information
regarding the primary risks and uncertainties that could materially and adversely affect our future performance or could cause actual
results to differ materially from those expressed or implied in our forward-looking statements, appears in Part I, Item 1A - “Risk
Factors” of our 2024 Form 10-K filed with the Securities and Exchange Commission on July 16, 2024. Additionally, the Company has
identified the following risk factor:

Tariffs
applied to the Import or Export of Company Products would negatively impact the Company’s financial position, cash flows and potential
returns to investors.

The
Company’s principal products are nearly all conceived, designed, engineered, performance specification established, developed,
protyped, first article approved, materials and components selected, and manufacturing process determined at the Company’s headquarters
in Campbell, California. The Company currently relies on the timely delivery of various components, production of certain subassemblies
and finished goods, production and use of packaging and shipments of products through or into geographical areas and/or locations that
have the power  and/or ability to charge the Company, in the form of a tariff, on goods shipped from, through or into such locations.
The assessment or application of such a tariff without the ability of the Company to pass the amount thereof to purchasers of the Company’s
goods, or otherwise collect such tariffs placed thereon, would negatively impact the financial performance of the Company and an investor’s
return on investment in the Company.

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds

We
have not made any sales of unregistered securities of our common stock during the period from April 1, 2024, through December 31, 2024.

Item
3. Defaults Upon Senior Securities

Not
applicable.

Item
4. Mine Safety Disclosures

Not
applicable.

Item
5. Other Information

During
the last fiscal quarter, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, modified or terminated
by any contract, instruction, or written plan for the purchase or sale of our securities