Item 4. Controls and Procedures
Item 4. Controls and Procedures
We maintain “disclosure controls
and procedures.” Such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act that are designed to ensure
that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed,
summarized, and reported within the time periods specified in Securities and Exchange Commission rules and forms, and that such
information is accumulated and communicated to our management, including our Chief Executive Office and Chief Financial officer,
as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating our disclosure controls and
procedures, management recognized that disclosure controls and procedures, no matter how well conceived and operated, can provide
only reasonable, not absolute, assurance that the objectives of the disclosure controls and procedures are met. Our disclosure
controls and procedures have been designed to meet reasonable assurance standards. Additionally, in designing disclosure controls
and procedures, our management necessarily was required to apply its judgement in evaluating the cost-benefit relationship of possible
disclosure and procedures. The design of and disclosure controls and procedures also are based in part upon certain assumptions
about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals
under all potential future conditions.
Based on their evaluation as of the
end of the period covered by this Quarterly Report on Form 10-Q our Chief Executive Officer and Chief Financial Officer have
concluded that, as of such date, our disclosure controls and procedures were effective at the reasonable assurance level, as appropriate,
to allow timely decisions regarding required disclosure.
Changes in Internal Control over Financial Reporting
There were no changes in our internal
control over financial reporting (as defined in Rule 13a-15f and 15d-15(f) under the Exchange Act), that occurred during the quarter
ended December 31, 2020 that have materially affected or are reasonably likely to materially affect, our internal control over
financial reporting.
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Table of Contents
PART II. OTHER INFORMATION
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.