Item 4. Controls and Procedures
Item
4. Controls and Procedures
Evaluation
of Disclosure Controls and Procedures. Under the supervision and with the participation of our management, including our Chief Executive
Officer and our principal financial officer, we carried out an evaluation of the effectiveness of our disclosure controls and procedures
as of June 30, 2026, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934. Based upon that evaluation,
our Chief Executive Officer and principal financial officer concluded that our disclosure controls and procedures were not effective
as of June 30, 2026, due to the material weaknesses previously disclosed in our Annual Report on Form 10-K for the year ended December
31, 2025, consisting of a lack of sufficient internal accounting personnel, a lack of segregation of duties, and a lack of sufficient
internal controls (including information technology general controls) encompassing the Company as a whole at the entity and transaction
levels to ensure complete documentation of complex and non-routine transactions and adequate financial reporting.
Management
has identified corrective actions intended to address these material weaknesses, subject to the availability of financial resources,
including engaging additional accounting and finance personnel or third-party accounting resources, enhancing documentation supporting
complex and non-routine transactions, and formalizing review procedures over the preparation of periodic reports. Remediation efforts
were not complete as of June 30, 2026 and remain ongoing. Because the Company’s ability to implement these measures depends in
part on obtaining additional capital, there can be no assurance that such efforts will be successful or that they will fully address
the material weaknesses identified.
Changes
in Internal Control Over Financial Reporting. There were no changes in our internal control over financial reporting during the quarter
ended June 30, 2026 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
4
PART
II - OTHER INFORMATION
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