What changed in this filing

/stocks — the workspaceLOADING

Item 4. Controls and Procedures

2023-08-18 compared with 2023-08-11 · 17 added, 24 removed, 24 unchanged (63% of the section changed)

20 unchanged sentences

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.

Based on an evaluation of

our internal controls over financial reporting for the six months ended June 30, 2023, our Chief Executive Officer and Chief Financial

Officer concluded that our internal controls over financial reporting were not effective as of June 30, 2023.

In our 2022 Form 10-K we

reported certain material weaknesses in our internal controls over financial reporting as of December 31, 2022.

During the first half

of 2023, we have established written controls and operating procedures intended to address the issues reported related to determining

the appropriate reserves to be taken with respect to our inventory and management’s review controls over the income tax provision

in the notes to our financial statements, however, these 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 of time and management has concluded through appropriate testing

that the controls are operating effectively.

We are continuing to assess the actions that need to be taken to remedy the material weaknesses

in the design flaw related to granting access to our IT system

Changes in Internal Control

over Financial Reporting

There have not been any changes

in our internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act, during

our most recently completed fiscal quarter which is the subject of this report that have materially affected, or are reasonably likely

to materially affect, our internal control over financial reporting.

Except as discussed above,

there have not been any changes in our internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f)

under the Exchange Act, during our most recently completed fiscal quarter which is the subject of this report that have materially affected,

or are reasonably likely to materially affect, our internal control over financial reporting.

OTHER INFORMATION

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