1 unchanged sentence
of Disclosure Controls and Procedures
−Removed: of March 31, 2022, being the end of the period covered by this Report, our management conducted an evaluation, under the supervision
−Removed: and with the participation of our chief executive officer and chief financial officer, of the effectiveness of our disclosure controls
−Removed: and procedures (as defined in Rule 13a-15(e) and Rule 15d15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange
+Added: of June 30, 2022, being the end of the period covered by this Report, our management conducted an evaluation, under the supervision and
+Added: with the participation of our chief executive officer and chief financial officer, of the effectiveness of our disclosure controls and
+Added: procedures (as defined in Rule 13a-15(e) and Rule 15d15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange
controls and procedures are designed to provide reasonable assurance that information required to be disclosed in our reports filed or
2 unchanged sentences
chief financial officer, as appropriate, to allow for timely decisions regarding required disclosure.
−Removed: on that evaluation, our chief executive officer and chief financial officer concluded that, as of March 31, 2022, our disclosure controls
+Added: on that evaluation, our chief executive officer and chief financial officer concluded that, as of June 30, 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
−Removed: Report on Internal Control Over Financial Reporting” and that continued to exist as of March 31, 2022.
−Removed: as part of its ongoing remediation initiative and with the help of an outside firm, management is continuing to review the design and
−Removed: evaluate its management and analytical review controls associated with the financial close, revenue and inventory processes and, where
−Removed: possible, strengthen related compensating controls.
−Removed: Management expects to make and report continuous progress in the effective remediation
−Removed: of this previously reported material weakness.
+Added: Report on Internal Control Over Financial Reporting” and that continued to exist as of June 30, 2022.
+Added: As part of its ongoing remediation
+Added: initiative, and with the help of an outside firm, management has reviewed the design of management and analytical review controls associated
+Added: with the financial close, revenue and inventory processes and has strengthened related compensating controls.
+Added: We believe these actions
+Added: are sufficient to remediate this material weakness.
+Added: We will continue to test the operational effectiveness of the underlying controls
+Added: during the third and fourth quarters of 2022.
on Effectiveness of Controls and Procedures
6 unchanged sentences
in Internal Control over Financial Reporting
−Removed: the above, there were no other changes in our internal control over financial reporting identified in management’s evaluation pursuant
−Removed: 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
−Removed: likely to materially affect, our internal control over financial reporting.
+Added: the above, there were no other changes in our internal control over financial reporting that occurred during the quarter ended June 30,
+Added: 2022, that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
II - OTHER INFORMATION
2 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.