What changed in this filing

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Item 4. Controls and Procedures

2022-05-10 compared with 2021-11-12 · 15 added, 19 removed, 17 unchanged (67% of the section changed)

CONTROLS AND PROCEDURES

of September 30, 2021, being the end of the period covered by this Report, our management conducted an evaluation, under the supervision

AND PROCEDURES

of Disclosure Controls and Procedures

of March 31, 2022, being the end of the period covered by this Report, our management conducted an evaluation, under the supervision

and with the participation of our chief executive officer and chief financial officer, of the effectiveness of our disclosure controls

4 unchanged sentences

chief financial officer, as appropriate, to allow for timely decisions regarding required disclosure.

on that evaluation, our chief executive officer and chief financial officer concluded that, as of September 30, 2021, our disclosure

controls and procedures were not effective due to the material weaknesses in our internal control over financial reporting as discussed

Controls and Procedures – in the Company’s Form 10-K for the fiscal year ended December 31, 2020, under the heading

“Management’s Report on Internal Control Over Financial Reporting” and that continued to exist as of September 30,

as part of its ongoing remediation initiative and with the help of an outside firm, management continued to commit substantial resources

to documenting and evaluating our internal controls during the quarter:

Management has reviewed the design, evaluated and operationally tested its internal controls over logical and administrative access to

certain IT systems, resources, and facilities or to administer IT applications.

Management will continue to monitor its remediation of

this previously reported Material Weakness for the remainder of the year.

Management continued to test the operational effectiveness of (a) the key internal controls forming part of the identified business processes

and within the NetSuite accounting system;

and (b) the internal controls that have been put in place as part of its remediation initiatives.

on that evaluation, our chief executive officer and chief financial officer concluded that, as of March 31, 2022, our disclosure controls

and procedures were not effective due to the material weaknesses in our internal control over financial reporting as discussed in Item

Controls and Procedures – in the Company’s Form 10-K for the fiscal year ended December 31, 2021, under the heading “Management’s

Report on Internal Control Over Financial Reporting” and that continued to exist as of March 31, 2022.

as part of its ongoing remediation initiative and with the help of an outside firm, management is continuing to review the design and

evaluate its management and analytical review controls associated with the financial close, revenue and inventory processes and, where

possible, strengthen related compensating controls.

Management expects to make and report continuous progress in the effective remediation

of this previously reported material weakness.

on Effectiveness of Controls and Procedures

7 unchanged sentences

the above, there were no other changes in our internal control over financial reporting identified in management’s evaluation pursuant

to Rule 13a-15(d) or 15d15(d) of the Exchange Act during the quarter ended September 30, 2021, that materially affected, or are reasonably

to Rule 13a-15(d) or 15d15(d) of the Exchange Act during the quarter ended March 31, 2022, that materially affected, or are reasonably

likely to materially affect, our internal control over financial reporting.

II - OTHER INFORMATION

LEGAL PROCEEDINGS.

a description of our legal proceedings, see Note 11 – Commitments and Contingencies – Litigation and Disputes in Part 1,

Item 1 of this Quarterly Report.

a description of our legal proceedings, see Note 8 – Commitments and Contingencies – Litigation and Disputes in Part 1, Item

1 of this Quarterly Report on Form 10-Q.

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