Item 7.01 Regulation FD Disclosure.
The Company will not be in a position to file its Form 10-K for the fiscal year
ended March 31, 2020 (the "2020 Annual Report") by the prescribed filing date of
August 28, 2020 (as previously extended by the Securities and Exchange
Commission pursuant to SEC Release No. 34-88465 (March 25, 2020) and thereafter
for an additional 15-day period).
Due to the COVID-19 pandemic, the Company was unable on a timely basis to
complete its financial statements. The COVID-19 pandemic caused the shutdown of
activities in New York City for an extended period of time in March, April and
May, 2020 and the continuing concern for distancing caused additional time and
resource constraints.
The Company will file the 2020 Annual Report as soon as possible.
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