What changed in this filing

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Item 4. Controls and Procedures

2023-11-09 compared with 2023-05-15 · 29 added, 28 removed, 4 unchanged (93% of the section changed)

Controls and Procedures

Inherent Limitations on Effectiveness

Our management, including

our principal executive officer and principal financial officer, does not expect that our disclosure controls and procedures or our internal

control over financial reporting will prevent or detect all errors and all fraud.

A control system, no matter how well-designed and operated,

can provide only reasonable, not absolute, assurance that the control system's objectives will be met.

The design of a control system

must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs.

because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that misstatements

due to error or fraud will not occur or that all control issues and instances of fraud, if any, have been detected.

Evaluation of Disclosure Controls and Procedures

As of the end of the nine-month period ended March

31, 2023, we carried out an evaluation, under the supervision and with the participation of management, including our chief executive

officer and principal financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures.

upon those evaluations, management concluded that our disclosure controls and procedures were not effective as of March 31, 2023 to cause

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

and reported within the time periods prescribed by SEC, and that such information is accumulated and communicated to management, including

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

Going forward from this filing, the Company intends

to work on maintaining disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange

Act of 1934, as amended (the “Exchange Act”) that are designed to be effective in providing reasonable assurance that information

required to be disclosed in our reports under the Exchange Act is recorded, processed, summarized and reported within the time periods

specified in the rules and forms of the SEC, and that such information is accumulated and communicated to our management to allow timely

decisions regarding required disclosure.

In designing and evaluating disclosure controls

and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable,

not absolute assurance of achieving the desired objectives.

Also, the design of a control system must reflect the fact that there are

resource constraints and the benefits of controls must be considered relative to their costs.

Because of the inherent limitations in all

control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have

been detected.

These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can

occur because of simple error or mistake.

The design of any system of controls is based, in part, upon certain assumptions about the likelihood

of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

Our disclosure controls

and procedures are designed to ensure that information we are required to disclose in reports 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 that such information

is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate,

to allow timely decisions regarding required disclosure.

Management recognizes that any controls and procedures, no matter how well designed

and operated, can provide only reasonable assurance.

Our management, with

the participation of our chief executive officer and our chief financial officer, evaluated the effectiveness of our disclosure controls

and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this Report.

Based on this evaluation, management, including our chief executive officer and our chief financial officer, concluded that as of September

30, 2023, our disclosure controls and procedures were not effective.

Our current staffing resources in our finance department are insufficient

to support the complexity of our financial reporting requirements.

Aa result we have had an inadequate level of precision, evidence or

timeliness in the performance of review controls.

Changes in Internal Control over Financial

During the quarter covered by this Report, there

were no changes in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect,

the registrant’s internal control over financial reporting.

There were no changes in our internal control

over financial reporting (as the term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the three months ended

September 30, 2023 that have materially affected, or are reasonably likely to materially affect, our internal control over financial

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.

What changed 10-Q

Item 4. Controls and Procedures