Quarterly report pursuant to Section 13 or 15(d)

Risks and Uncertainties Related to the COVID-19 Pandemic

v3.20.2
Risks and Uncertainties Related to the COVID-19 Pandemic
9 Months Ended
Sep. 30, 2020
Risks and Uncertainties Related to the COVID-19 Pandemic  
Risks and Uncertainties Related to the COVID-19 Pandemic

20.          Risks and Uncertainties Related to the COVID-19 Pandemic:

 

In March 2020, the World Health Organization declared the novel coronavirus, COVID-19, a global pandemic. This contagious disease outbreak, which has continued to spread, and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, potentially leading to an economic downturn. While the Company offers a full suite of solutions and services that address customer priorities across the technology landscape, it is not possible for the Company to predict the duration or magnitude of adverse results of the outbreak and its effects on the Company’s business, liquidity or results of operations at this time. As a result, many of the estimates and assumptions used in preparation of these interim financial statements required increased judgment and carry a higher degree of variability and volatility. As events continue to evolve with respect to the pandemic, the Company’s estimates may materially change in future periods.