3 unchanged sentences
Securities and Exchange Commission’s rules and forms and (2) accumulated and communicated to our management, including our principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure.
−Removed: As of June 30, 2021, our management, with the participation of our principal executive officer and principal financial officer, evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended).
+Added: As of September 30, 2021, our management, with the participation of our principal executive officer and principal financial officer, evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended).
Our management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives, and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures.
−Removed: Based on our evaluation, our management concluded that, as of June 30, 2021, our disclosure controls and procedures were not effective because our internal controls over financial reporting were not adequate due to the material weakness described below.
−Removed: As reported in our Annual Report on Form 10-K for the year ended December 31, 2020, or the 2020 Annual Report on Form 10-K, our internal control activities over financial reporting as of December 31, 2020 was not effective due to the following material weakness:
+Added: Based on our evaluation, our management concluded that, as of September 30, 2021, our disclosure controls and procedures were not effective because our internal control over financial reporting was not adequate due to the material weakness described below.
+Added: As reported in our Annual Report on Form 10-K for the year ended December 31, 2020, or the 2020 Annual Report on Form 10-K, our internal control over financial reporting as of December 31, 2020 was not effective due to the following material weakness:
the Company did not design and maintain effective controls over the completeness, accuracy and presentation and disclosure of inventory.
4 unchanged sentences
As management continues to evaluate and work to improve its internal control over financial reporting, management may determine it is necessary to take additional measures to address the material weakness.
−Removed: Until the controls have been operating for a sufficient period of time and management has concluded, through testing, that these controls are operating effectively, the
−Removed: material weakness described above will continue to exist.
−Removed: As such, management has concluded that the material weakness cannot be considered remediated as of June 30, 2021.
+Added: Until the controls have been operating for a sufficient period of time and management has concluded, through testing, that these controls are operating effectively, the material weakness described above will continue to exist.
+Added: As such, management has concluded that the material weakness cannot be considered remediated as of September 30, 2021.
Changes in Internal Control over Financial Reporting
−Removed: During the six months ended June 30, 2021, we implemented certain internal controls in connection with our remediation efforts described above.
−Removed: There have been no other changes in our internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f) promulgated under the Securities Exchange Act of 1934, as amended, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: During the nine months ended September 30, 2021, we implemented certain internal controls in connection with our remediation efforts described above.
+Added: There have been no other changes in our internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f) promulgated under the Securities Exchange Act of 1934, as amended, during our most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
PART II—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.