What changed in this filing

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Item 4. Controls and Procedures

2023-08-11 compared with 2022-11-14 · 38 added, 16 removed, 10 unchanged (84% of the section changed)

2 unchanged sentences

and Procedures

Our senior management is responsible

for establishing and maintaining a system of disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the

Securities Exchange Act of 1934, (the “Exchange Act”) designed to ensure that the information required to be disclosed by

us in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified

in the Securities and Exchange Commission’s rules and forms.

Disclosure controls and procedures include, without limitation, controls

and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under

the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers

and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding

required disclosure.

We have evaluated the effectiveness

of the design and operation of our disclosure controls and procedures as of the end of the period covered by this Report under the supervision

of and with the participation of management, including our Chief Executive Officer and our Chief Financial Officer.

Based on that evaluation,

our Chief Executive Officer and our Chief Financial Officer have concluded that as of the end of the period covered by this report, our

disclosure controls and procedures were effective.

Management is responsible

for establishing and maintaining adequate internal controls over financial reporting.

Internal controls over financial reporting, as defined

in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, refers to those policies and procedures and processes that pertain to the maintenance

of records that accurately and fairly reflect transactions with respect to our assets;

provide reasonable assurance that transactions

are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles and

that receipts and expenditures are made only in accordance with authorization of our management;

and provide reasonable assurance regarding

the prevention and timely detection of unauthorized transactions with respect to our assets that could have a material effect on our financial

Because of inherent limitation,

internal control over financial reporting may not prevent or detect misstatements.

Also, projections of any evaluation of effectiveness

to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of

compliance with the policies or procedures may deteriorate.

Our management relies upon

the criteria established in the Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway

Commission (2013 framework) in designing a system intended to meet the needs of our Company and provide reasonable assurance for its assessment.

In connection with their review

of our internal controls over financial reporting for the three months ended March 31, 2023, our Chief Executive Officer and Chief Financial

Officer concluded that our internal controls over financial reporting were not effective as of March 31, 2023.

As reported in our 2022

Form 10-K, in connection with their review of our internal controls as of and for the year ended December 31, 2022, our management identified

certain material weaknesses in our internal controls over financial reporting which have yet to be remediated.

These weaknesses

related to design flaws in our IT systems, the effectiveness of management’s review controls over the determination of the methodology

used in determining the appropriate reserves to be taken with respect to certain excess quantities and slow moving inventory and the effectiveness

of management’s review controls over the income tax provision in our financial footnotes.

We are continuing to assess the actions

that need to be taken to remedy each of these material weaknesses.

Each of the material weaknesses noted will only be deemed to have been

remediated after the new controls and procedures have been in place for a sufficient period and management has concluded through appropriate

testing that the controls are operating effectively.

For more information, see Item 9A.

Controls and Procedures, included in our Annual

Report on Form 10-K.

During 2023, the Company intends

to implement new controls designed to remediate the aforementioned material weaknesses.

Changes in Internal Control

6 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