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CONTINGENCIES | 9 Months Ended
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Sep. 30, 2022
Commitments and contingencies |
CONTINGENCIES | NOTE 17 — CONTINGENCIES COVID-19 continues to adversely affect global economic business conditions, including but not limited to contributing to surging inflation and supply chain interruptions, which also continue to adversely affect global economic business conditions. Future sales on products like ours could decline or fluctuate due to increased or fluctuating commodities prices, particularly gold. The Federal Reserve has recently stated raising interest rates to combat inflation and restore price stability and it is expected that rates will continue to rise throughout the remainder of 2022. Although we are continuing to monitor and assess the effects of the COVID-19 pandemic, inflation levels and supply chain interruptions, as well as the economic effects of the foregoing, the ultimate impact is highly uncertain and subject to change. In addition, the economic effects of the foregoing are subject to, among other things, the effect of government responses on our operations. The global tension caused by the conflict between Russia and Ukraine has upset the stability within the region of the former Soviet era block. This could lead to further volatility in global energy and other industries that could negatively impact our operations. The U.S. government has imposed sanctions and export controls against Russia and Russian interests and threatened additional sanctions and controls, which have impacted global supply chains. The impact of these measures, as well as other measures taken, as it concerns our operations is currently unknown.

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