3 unchanged sentences
for establishing and maintaining disclosure controls and procedures that are designed to ensure that information required to be disclosed
−Removed: in our reports under the Securities Exchange Act of 1934 (the “Exchange Act”) is recorded, processed, summarized and reported
−Removed: within the time periods specified in the rules and forms of the Securities and Exchange Commission (the “SEC”), and that such
+Added: in our reports under the Securities Exchange Act of 1934 (the “Exchange Act”) is recorded, processed, summarized and reported
+Added: within the time periods specified in the rules and forms of the Securities and Exchange Commission (the “SEC”), and that such
information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate,
−Removed: to allow timely decisions regarding required disclosure based closely on the definition of “disclosure controls and procedures”
+Added: to allow timely decisions regarding required disclosure based closely on the definition of “disclosure controls and procedures”
in Rule 15d-15(e) under the Exchange Act.
6 unchanged sentences
Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures.
−Removed: upon the foregoing, our Chief Executive Officer and Chief Financial Officer concluded that, as of March 31, 2021, we do not yet have sufficient
+Added: upon the foregoing, our Chief Executive Officer and Chief Financial Officer concluded that, as of June 30, 2021, we do not yet have sufficient
controls and procedures to ensure that all the information required to be disclosed in our Exchange Act reports was recorded, processed,
summarized and reported on a timely basis.
−Removed: The Company intends to
−Removed: improve its internal control over financial reporting and improve its disclosure controls and procedures.
−Removed: As of December 31, 2020,
−Removed: we had identified the following material weaknesses, of which the items below still exist as of March 31, 2021 and
−Removed: through the date of this report:
+Added: The Company intends to improve
+Added: its internal control over financial reporting and improve its disclosure controls and procedures.
+Added: As of December 31, 2020, we had identified
+Added: the following material weaknesses, of which the items below still exist as of June 30, 2021 and through the date of this report:
The Company currently does not have automated manufacturing or purchasing systems in place to track inventory purchases, transactions, bills of material, part numbers, product costing, labor or a perpetual inventory system.
1 unchanged sentence
While these processes provide good results in determining inventory and cost of sales transactions, as we grow, it has become a very time-consuming process and could impact our ability to submit timely reporting.
−Removed: A manufacturing system will also provide better management tools to analyze and plan production.
+Added: An enterprise planning system will also provide better management tools to analyze and plan production.
+Added: will avoid over-purchasing or shortages of inventory.
This will avoid over-purchasing or shortages of inventory.
We plan to implement a manufacturing and purchasing system during fiscal 2021.
−Removed: these controls have a pervasive effect across the organization, management has determined that these circumstances constitute a material
+Added: Since these controls have
+Added: a pervasive effect across the organization, management has determined that these circumstances constitute a material weakness.
Corrective Action and Changes in Internal Control Over Financial
During the three months ended
−Removed: March 31, 2021, we have been reviewing several Enterprise Resource Planning (ERP) software packages to determine which will be the most
+Added: June 30, 2021, we continued to research several Enterprise Resource Planning (ERP) software packages to determine which will be the most
effective based on our manufacturing environment and operating processes.
We have narrowed our selection down to two choices.
−Removed: looking at our current manual operating processes to determine the best structure we want to put in place once we begin to design the
−Removed: new ERP, as well as access controls to streamline and strengthen our approval
−Removed: processes and control environment.
−Removed: We plan to select the new ERP in fiscal Q3 2021.
+Added: continued to improve our manual operating processes to determine the best structure we want to put in place once we begin to design the
+Added: new ERP, as well as access controls to streamline and strengthen our approval processes and control environment.
+Added: We plan to select the
+Added: new ERP in 2021.
OTHER INFORMATION
5 unchanged sentences
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.