What changed in this filing

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Item 4. Controls and Procedures

2023-07-24 compared with 2023-01-13 · 24 added, 38 removed, 1 unchanged (98% of the section changed)

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 Chief Financial Officer, we conducted an evaluation of our disclosure

controls and procedures, as such term is defined under Securities and Exchange Act of 1934 Rules 13a-15(f).

Based on this evaluation,

our Chief Executive Officer and our Chief Financial Officer concluded that the Company’s disclosure controls and procedures were

not effective as of May 31, 2022.

As of May 31, 2022, management’s assessment identified the following material weaknesses in the

Company’s internal control over financial reporting:

(1) ineffective controls over transactions for debt issuances to provide for

review of all terms in a timely and accurate manner, to ensure reporting is in conformity with generally accepted accounting principles

and properly reflected in the financial results;

and (2) ineffective controls over transactions for issuances of common stock, options,

and warrants to provide for review of all terms in a timely and accurate manner, to ensure reporting is in conformity with generally

accepted accounting principles and properly reflected in the financial results.

Remediation Plan

In an effort to remediate the identified material

weaknesses and other deficiencies and enhance our internal controls, we have initiated, or plan to initiate, the following series of

We have increased our personnel resources and

technical accounting expertise within the accounting function with the hiring of a new Chief Financial Officer as disclosed on Form 8-K

filed with the Securities and Exchange Commission on February 17, 2022.

We intend to hire one or more additional personnel for the finance

and accounting function which will provide the manpower to perform timely and complete reviews of debt and equity transactions consistent

with control objectives.

The Company also plans to prepare written policies and procedures for accounting and financial reporting to

establish a formal process to account for all transactions, including equity and debt transactions.

The process of preparing and implementing

these written policies and procedures began during the Company’s Fiscal 2023 second quarter, and continued into the Fiscal 2023

third quarter ended November 30, 2022.

We plan to test our updated controls and remediate our deficiencies in the fourth quarter of fiscal

The Company continues to remediate the findings

contained in our Annual Report on Form 10-K, for the fiscal year ended February 28, 2022, issued on June 21, 2022.

Changes in Internal Control over Financial

There have been no other changes in our internal

control over financial reporting during our fiscal quarter ended November 30, 2022, not previously identified in our Annual Report on

Form 10-K, for the fiscal year ended February 28, 2022 and issued on June 21, 2022 which have materially affected or are reasonably likely

to materially affect our internal control over financial reporting.

PART II - OTHER INFORMATION

Evaluation of

Disclosure Controls and Procedures

Our management,

with the participation of our President and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures

pursuant to Rule 13a-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) as of the end of the period

covered by this Report.

In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and

procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.

In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints, and that management

is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs.

Under the supervision

and with the participation of our management, including our Chief Executive Officer and our Chief Financial Officer, we conducted an

evaluation of our disclosure controls and procedures, as such term is defined under Securities and Exchange Act of 1934 Rules 13a-15(f).

Based on this evaluation, our Chief Executive Officer and our Chief Financial Officer concluded that the Company’s disclosure controls

and procedures were effective as of May 31, 2023.

Changes in Internal

Control over Financial Reporting

There have been

no other changes in our internal control over financial reporting during our fiscal quarter ended May 31, 2023, not previously identified

in our Annual Report on Form 10-K, for the fiscal year ended February 28, 2023 and issued on May 26, 2023 which have materially affected

or are reasonably likely to materially affect our internal control over financial reporting.

II - OTHER INFORMATION

(Amounts in thousands,

except share and per share amounts)

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