CONTROLS AND PROCEDURES
−Removed: Evaluation of Disclosure
−Removed: Controls and Procedures
+Added: Evaluation of Disclosure Controls and Procedures
We have established disclosure
12 unchanged sentences
Specifically, management has
−Removed: identified the following material weaknesses:
−Removed: we do not have sufficient resources in our accounting function, which
−Removed: restricts our ability to perform sufficient reviews and approval of manual journal entries posted to the general ledger and to consistently
−Removed: execute review procedures over general ledger account reconciliations, financial statement preparation and accounting for non-routine
−Removed: transactions ;
−Removed: our primary user access controls (i.e., provisioning, de-provisioning,
−Removed: privileged access and user access reviews) to ensure appropriate authorization and segregation of duties that would adequately restrict
−Removed: user and privileged access to the financially relevant systems and data to appropriate personnel were not designed and/or implemented
−Removed: We did not design and/or implement sufficient controls for program change management to certain financially relevant systems
−Removed: affecting our processes .
+Added: identified the following material weakness:
+Added: · We do not have sufficient resources in our accounting department, which restricts our ability to perform
+Added: sufficient reviews and approval of manual journal entries posted to the general ledger and to consistently execute review procedures over
+Added: general ledger account reconciliations, financial statement preparation and accounting for non-routine transactions.
A material weakness is a control
3 unchanged sentences
We are implementing measures
−Removed: designed to improve our internal control over financial reporting to remediate material weaknesses, including the following:
−Removed: · Continue to formalize our internal control documentation and strengthening supervisory reviews by our
−Removed: · Developing plans to add additional accounting personnel and segregating duties amongst accounting personnel.
−Removed: Management continues to work
−Removed: to improve its controls related to our material weaknesses, specifically relating to user access and change management surrounding our
−Removed: information technology systems and applications.
−Removed: Management will continue to implement measures to remediate material weaknesses, such
−Removed: that these controls are designed, implemented, and operating effectively.
−Removed: The remediation actions include:
−Removed: (i) enhancing design and documentation
−Removed: related to both user access and change management processes and control activities;
−Removed: and (ii) developing and communicating additional policies
−Removed: and procedures to govern the area of information technology change management.
−Removed: In order to achieve the timely implementation of the above,
−Removed: management has commenced the following actions and will continue to assess additional opportunities for remediation on an ongoing basis:
−Removed: · Engaging a third-party specialist to assist management with improving the Company’s overall control
−Removed: environment, focusing on change management and access controls;
−Removed: · Implementing new applications and systems that are aligned with management’s focus on creating strong
−Removed: internal controls.
−Removed: We are currently working to
−Removed: improve and simplify our internal processes and implement enhanced controls, as discussed above, to address the material weaknesses in
−Removed: our internal control over financial reporting and to remedy the ineffectiveness of our disclosure controls and procedures.
−Removed: These material
−Removed: weaknesses will not be considered to be remediated until the applicable remediated controls are operating for a sufficient period of time
+Added: designed to improve our internal control over financial reporting to remediate material weaknesses, including continuing to formalize
+Added: our internal control documentation and strengthening supervisory reviews by our management.
+Added: Management will continue to
+Added: implement measures to remediate material weaknesses, such that these controls are designed, implemented, and operating effectively.
+Added: our limited resources, we will need to increase our accounting department in the future to fully remediate our current weakness.
+Added: weakness will not be considered to be remediated until the applicable remediated controls are operating for a sufficient period of time
and management has concluded, through testing, that these controls are operating effectively.
−Removed: Despite the existence of these
−Removed: material weaknesses, we believe that the condensed financial statements included in the period covered by this Quarterly Report on Form
+Added: Despite the existence of our
+Added: control deficiency, we believe that the condensed financial statements included in the period covered by this Quarterly Report on Form
10-Q fairly present, in all material respects, our financial condition, results of operations and cash flows for the periods presented
3 unchanged sentences
Except as detailed above,
−Removed: during the quarter ended January 31, 2025, there was no change in our internal control over financial reporting that materially affected,
+Added: during the quarter ended July 31, 2025, there was no change in our internal control over financial reporting that materially affected,
or is reasonably likely to materially affect, our internal control over financial reporting.
1 unchanged sentence
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.