Commitments and contingencies

12 Months Ended

Dec. 31, 2023

Commitments and contingencies.

Commitments and contingencies

10. Commitments and contingencies

From time to time, the Company may be party to litigation arising in the ordinary course of its business. The Company was not subject to any material legal proceedings during the years ended December 31, 2023 and 2022, and, to its

knowledge, no material legal proceedings are currently pending or threatened. The Company records a provision for contingent losses when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. As of December 31, 2023, the Company has not recorded a provision for any contingent losses.