Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 244

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 1A
Chunk 244
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 we intend to follow our cybersecurity incident response plan, which outlines the steps to be followed from
incident detection to mitigation, and notification. We contract with external firms that have extensive information technology and program
management experience. We have implemented a governance structure and processes to assess, identify, manage, and report cybersecurity
risks. As a public company, we must comply with extensive regulations, including requirements for reporting cybersecurity incidents to
the SEC. We believe we are positioned to meet the requirements of the SEC. In addition to following SEC guidance and implementing pre-existing
third party frameworks, we have developed our own practices and frameworks, which we believe enhance our ability to identify and manage
cybersecurity risks. Assessing, identifying, and managing cybersecurity related risks are factored into our overall business approach.
We rely heavily on our supply chain to deliver our products and services, and a cybersecurity incident at a clinical site, subcontractor,
or business partner could materially adversely impact us. We require that our subcontractors report cybersecurity incidents to us so
that we can assess the direct impact of the incident.

ITEM
2. PROPERTIES

We
lease facilities under an operating lease in Campbell, CA. through 2027. ZRCN and Zircon are headquartered in a 14,000 square foot building
in Campbell, CA. The Company also has inventory located in Ensenada, Mexico, the Netherlands, Canada, the United Kingdom and two of our
manufacturing subcontractors located in China.

We
believe our facilities are suitable for their present and intended purposes and are operating at a level consistent with the requirements
of the industry in which we operate. We also believe that our leases are at competitive or market rates and do not anticipate any difficulty
in leasing suitable additional space upon expiration of our current lease terms.

ITEM
3. LEGAL PROCEEDINGS

From
time to time and in the normal course of operations, we may become involved in legal proceedings or be subject to claims arising in the
ordinary course of our business. We are not presently a party to any legal proceedings that, if determined
adversely to us, would individually or taken together have a material adverse effect on our business, operating results, financial condition
or cash flows.

ZRCN
is engaged in procedures to protect its proprietary rights and has filed complaints with the Federal Trade Commission and the Customs
and Border Patrol.

19

ITEM
4. MINE SAFETY DISCLOSURES

Not
applicable.

ITEM
5. MARKET