Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 243

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 1A
Chunk 243
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 revenues.

We
intend to take advantage of all of these reduced reporting requirements and exemptions, including the longer phase-in periods for the
adoption of new or revised financial accounting standards under §107 of the JOBS Act. This election allows us to delay the adoption
of new or revised accounting standards that have different effective dates for public and private companies until those standards apply
to private companies. As a result of this election, our financial statements may not be comparable to companies that comply with public
company effective dates. Therefore, our election to use the phase-in periods may make it difficult to compare our financial statements
to those of non-emerging growth companies and other emerging growth companies that have opted out of the phase-in periods under §107
of the JOBS Act.

Our
independent registered public accounting firm will not be required to provide an attestation report on the effectiveness of our internal
control over financial reporting so long as we qualify as an “emerging growth company,” which may increase the risk that
weaknesses or deficiencies in our internal control over financial reporting go undetected. Likewise, so long as we qualify as an “emerging
growth company,” we may elect not to provide you with certain information, including certain financial information and certain
information regarding compensation of our executive officers, that we would otherwise have been required to provide in filings we make
with the SEC, which may make it more difficult for investors and securities analysts to evaluate our company. We cannot predict if investors
will find our common stock less attractive because we may rely on these exemptions.

ITEM
1B. UNRESOLVED STAFF COMMENTS

None.

18

ITEM
1C. CYBERSECURITY 

We
believe cybersecurity is critical to advancing our technological developments. As a manufacturing and technology company, we face a multitude
of cybersecurity threats that range from attacks common to most industries, such as ransomware and denial-of service. Our customers,
suppliers, subcontractors, and business partners face similar cybersecurity threats, and a cybersecurity incident impacting us or any
of these entities could materially adversely affect our business strategy, performance, and results of operations. These cybersecurity
threats and related risks make it imperative that we expend resources on cybersecurity.

Risk
Management

We
engage third-party services to conduct evaluations of our security controls, whether through penetration testing, independent audits,
or consulting on best practices to address new challenges. We have established cybersecurity security awareness training and ongoing
monitoring.

In
the event of an incident,