What changed in this filing

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Item 4. Controls and Procedures

2026-05-19 compared with 2025-11-19 · 34 added, 48 removed, 7 unchanged (92% of the section changed)

1 unchanged sentence

of Disclosure Controls and Procedures

controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our

reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in

the SEC’s rules and forms.

Disclosure controls and procedures include, without limitation, controls and procedures designed to

ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is accumulated and communicated

to our management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

Our management evaluated, with the participation of our current chief executive officer and chief financial officer (our “Certifying

Officers”), the effectiveness of our disclosure controls and procedures as of September 30, 2025, pursuant to Rule 13a-15(b) under

the Exchange Act.

Based upon that evaluation, our Certifying Officers concluded that, as of September 30, 2025, our disclosure controls

and procedures were effective.

do not expect that our disclosure controls and procedures will prevent all errors and all instances of fraud.

Disclosure controls and

procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the

disclosure controls and procedures are met.

Further, the design of disclosure controls and procedures must reflect the fact that there

are resource constraints, and the benefits must be considered relative to their costs.

Because of the inherent limitations in all disclosure

controls and procedures, no evaluation of disclosure controls and procedures can provide absolute assurance that we have detected all

our control deficiencies and instances of fraud, if any.

The design of disclosure controls and procedures also is based partly on 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.

Report on Internal Controls Over Financial Reporting

management is responsible for establishing and maintaining adequate internal control over financial reporting (as that term is defined

in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) and for our assessment of the effectiveness of internal control over financial

Our internal control over financial reporting is a process designed under the supervision of our Chief Executive Officer and

our Chief Financial Officer, and effected by our Board, management and other personnel, to provide reasonable assurance regarding the

reliability of financial reporting and the preparation of the financial statements for external purposes in accordance with U.S.

accepted accounting principles and includes those policies and procedures that:

(1) pertain to the maintenance of records that in reasonable

detail, accurately and fairly reflect the transactions and dispositions of the assets of the company;

(2) 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 of the Company are being made only in accordance with authorizations of management and

directors of the Company;

and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition,

use, or disposition of the Company’s assets that could have a material effect on the financial statements.

of its inherent limitations, 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.

management, including our Chief Executive Officer and Chief Financial Officer, has conducted an assessment regarding the effectiveness

of our internal control over financial reporting as of September 30, 2025, based on the framework established in Internal Control - Integrated

Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.

Based on our assessment under the criteria

described above, management has concluded that our internal control over financial reporting was effective as of September 30, 2025.

management, with the participation of our Principal Executive Officer and Principal Financial Officer, evaluated the effectiveness of

our disclosure controls and procedures as of March 31, 2026, as required by Rules 13a-15(b) and 15d-15(b) under the Securities Exchange

Act of 1934, as amended.

Disclosure controls and procedures are designed to ensure that information required to be disclosed in the reports

that 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 management, including our Principal Executive

Officer and Principal Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

on this evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures

were not effective as of March 31, 2026 because of the material weaknesses in internal control over financial reporting described below.

material weaknesses that have been identified for AMC are as follows:

of Experienced Accounting Team - AMC lacks qualified in-house accounting staff and resources with adequate knowledge of U.S.

GAAP, and proper period-end financial closing and accrual processes.

A third-party consulting firm has been engaged to prepare financial statements and footnote disclosures in accordance with

of Duty Segregations - The Company separates the duties at certain areas, but there is only one person responsible for various

functions of the Company, including processing payments and Human Resource functions.

All other individuals involved in these processes

are engaged through independent contractor roles.

of sufficient inventory management process and control system - AMC does not have a sufficient inventory management process or

control system.

of proper approval for related party transactions - AMC lacks a formal approval process for related party transactions.

Company does not currently maintain a formal internal audit function, which management considered in evaluating the effectiveness of

its control environment.

material weaknesses could result in misstatements of account balances or disclosures that would not be prevented or detected on a timely

Accordingly, management concluded that the Company did not maintain effective internal control over financial reporting as of

March 31, 2026.

have begun to take, and intend to continue taking, steps to remediate the material weaknesses described above.

Our remediation efforts

include strengthening our finance and accounting function, enhancing review and approval procedures, formalizing policies and procedures,

and improving the design and documentation of controls over financial reporting and related party transactions.

However, the material

weaknesses cannot be considered remediated until the applicable controls have been designed, implemented, operated for a sufficient period

of time, and management has concluded, through testing, that such controls are operating effectively.

This remediation process will require

additional time and expense.

in Internal Control over Financial Reporting

3 unchanged sentences

II - Other Information

LEGAL PROCEEDINGS

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