What changed in this filing

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Item 4. Controls and Procedures

2022-05-10 compared with 2021-11-10 · 32 added, 10 removed, 28 unchanged (60% of the section changed)

19 unchanged sentences

that the above objectives have been met.

of September 30, 2021, we carried out an evaluation, with the participation of our management, including our principal executive officer

and our principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and

15d-15(e) under the Exchange Act).

Based on that evaluation, our principal executive officer and our principal financial officer concluded

that our disclosure controls and procedures were effective, at the reasonable assurance level, in ensuring that information required

to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within

the time periods specified in the SEC’s rules and forms and is accumulated and communicated to our management, including our principal

executive officer and our principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.

management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined

in Rules 13a-15(f) and 15d-15(f) under the Exchange Act.

Under the supervision and with the participation of our management, including

our principal executive officer and principal financial officer, we conducted an evaluation of the effectiveness, as of December 31,

2021, of our internal control over financial reporting based on the framework in 2013 Internal Control - Integrated Framework issued

by the Committee of Sponsoring Organizations of the Treadway Commission.

Based on our evaluation under this framework, the Chief Executive

Officer and the Chief Financial Officer concluded that our internal control over financial reporting was not effective as of December

31, 2021, as disclosed under the caption “Management’s Report on Internal Control over Financial Report” in Item 9A

of our Annual Report on Form 10-K for the year ended December 31, 2021, due to a material weakness

in our internal control over financial reporting described below, which have not been remediated as of March 31, 2022.

A material weakness is a deficiency, or a

combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material

misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis.

has concluded that a material weakness existed as of December 31, 2021, with respect to its Israel component:

were not designed, documented, and maintained to ensure accurate reporting of results in Israel including (i) insufficient design

and operating effectiveness of management review controls including the appropriate level of precision required to mitigate the potential

for a material misstatement, (ii) insufficient documentation evidencing management’s review to support the financial statement

close process and (iii) inadequate verification for completeness and accuracy of key reports.

material weakness did not result in any restatements of consolidated financial statements previously reported by us, there were no changes

in previously released financial results and management concluded that the consolidated financial statements included in this report

present fairly, in all material respects, our financial position, results of operations, and cash flows for the periods presented, in

conformity with accounting principles generally accepted in the United States.

We will take certain steps to remediate the material weakness described

above and otherwise improve the overall design and operation of our control environment.

These steps include:

external resources to support our efforts to rework certain control gaps across the various processes in Israel with identified deficiencies;

enhanced documentation associated with management review controls and validation of the completeness and accuracy of key reports

of relevant personnel reinforcing existing policies and enhanced policies with regards to the appropriate steps and procedures required

to be performed related to the execution and documentation of internal controls.

Changes in internal control over financial reporting.

was no change in our system of internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange

Act of 1934) during the quarter ended September 30, 2021 that has materially affected, or is reasonably likely to materially affect,

our internal control over financial reporting.

Act of 1934) during the quarter ended March 31, 2022 that has materially affected, or is reasonably likely to materially affect, our

internal control over financial reporting.

II - OTHER INFORMATION

5 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 4. Controls and Procedures