What changed in this filing

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Item 4. Controls and Procedures

2023-05-12 compared with 2022-11-04 · 50 added, 19 removed, 15 unchanged (82% of the section changed)

13 unchanged sentences

and principal financial officers to allow timely decisions regarding disclosure.

of the end of the period covered by this report, the Company made an evaluation of the effectiveness of the design and operation of

the disclosure controls and procedures over financial reporting for the timely alert to material information required to be included

in the Company’s periodic SEC reports and of ensuring that such information is recorded, processed, summarized and reported

within the time periods specified.

This evaluation resulted in the identification of significant deficiencies.

Based on the context

in which the individual deficiencies occurred, management has concluded that these are significant deficiencies.

The Company’s CEO and CFO are in the process of making significant improvements to the disclosure controls and procedures

in order to provide reasonable assurance of the effectiveness of the controls and procedures.

in Internal Control Over Financial Reporting

these significant deficiencies, however, is that, commencing in December of 2021, the Company has replaced certain accounting resources

by engaging qualified finance and accounting staff who are experienced in established and proven internal controls and accounting procedures

with other companies in the same industry.

As the work product of these qualified staff are reflected in Company transactions more fully

in 2022, management will be able to address these remaining significant deficiencies.

part of the afore-mentioned engagement, Management has engaged a third-party firm to assist in developing Disclosure Controls and Procedures

and Internal Controls Over Financial Reporting.

The Company intends to remedy these significant deficiencies dependent on having the

financial resources available to complete them.

of the end of the period covered by this report, the Company made an evaluation of the effectiveness of the design and operation of the

disclosure controls and procedures over financial reporting for the timely alert to material information required to be included in the

Company’s periodic SEC reports and of ensuring that such information is recorded, processed, summarized and reported within the

time periods specified.

This evaluation resulted in the conclusion that the design and operation of the disclosure controls and procedures

were effective as of March 31, 2023.

Internal Control Over Financial Reporting

management of the Company is responsible for the preparation of the financial statements and related financial information appearing

in this report.

The financial statements and notes have been prepared in conformity with accounting principles generally accepted in

the United States of America.

The management of the Company also is responsible for establishing and maintaining adequate internal control

over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act.

A company’s internal control over

financial reporting is defined as a process designed to provide reasonable assurance regarding the reliability of financial reporting

and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

The Company’s

internal control over financial reporting includes those policies and procedures that:

i) pertain to the maintenance of records that

in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the Company;

ii) 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 issuer are being made only in accordance with authorizations of management

and directors of the Company;

and iii) 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.

including the CEO and CFO, does not expect that the Company’s disclosure controls, procedures and internal control over financial

reporting will prevent all error and all fraud.

Because of its inherent limitations, a system of internal control over financial reporting

can provide only reasonable, not absolute, assurance that the objectives of the control system are met and may not prevent or detect

misstatements.

Further, over time, control may become inadequate because of changes in conditions or the degree of compliance with the

policies or procedures may deteriorate.

The design of a control system must reflect the fact that there are resource constraints, and

the benefits of controls must be considered relative to their costs.

Because of the inherent limitations in all control systems, no evaluation

of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected.

These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because

of simple error or mistake.

Additionally, controls can be circumvented if there exists in an individual a desire to do so.

be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

the participation of the CEO and CFO, the Company’s management evaluated the effectiveness of the Company’s internal control

over financial reporting as of March 31, 2023 to ensure that information required to be disclosed by the Company in the reports filed

or submitted by the Company under the Exchange Act is recorded, processed, summarized and reported within the time periods specified

in the SEC’s rules and forms, including to ensure that information required to be disclosed by the Company in the reports filed

or submitted by the Company under the Exchange Act is accumulated and communicated to the Company’s management, including the Company’s

principal executive and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions

regarding required disclosure.

Based on that evaluation, the Company’s CEO and CFO have concluded that the internal control over

financial reporting was effective as of March 31, 2023.

II – OTHER INFORMATION

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