Item 4. Controls and Procedures
Item
4 – Controls and Procedures
Evaluation
of Disclosure Controls and Procedures
Our
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.
Based
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.
The
material weaknesses that have been identified for AMC are as follows:
●
Lack
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
U.S. GAAP.
●
Lack
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.
●
Lack
of sufficient inventory management process and control system - AMC does not have a sufficient inventory management process or
control system.
●
Lack
of proper approval for related party transactions - AMC lacks a formal approval process for related party transactions.
The
Company does not currently maintain a formal internal audit function, which management considered in evaluating the effectiveness of
its control environment.
These
material weaknesses could result in misstatements of account balances or disclosures that would not be prevented or detected on a timely
basis. Accordingly, management concluded that the Company did not maintain effective internal control over financial reporting as of
March 31, 2026.
Remediation
Plan
We
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.
Changes
in Internal Control over Financial Reporting
There
were no changes in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange
Act) during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal
control over financial reporting.
Part
II - Other Information
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