What changed in this filing

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Item 4. Controls and Procedures

2021-09-28 compared with 2021-09-28 · 32 added, 36 removed, 2 unchanged (97% of the section changed)

Controls and Procedures

(a) Evaluation of Disclosure Controls and Procedures:

As of the end of the period covered by this Form

10-Q, management performed, with the participation of our principal executive officer and principal financial officer, an evaluation of

the effectiveness of our disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) of the Securities and Exchange

Act of 1934, as amended (the “Exchange Act”).

Our disclosure controls and procedures are designed to ensure that information

required to be disclosed in the reports we file or submit under the Exchange Act is recorded, processed, summarized, and reported within

the time periods specified in the SEC’s forms, and that such information is accumulated and communicated to our management, including

our principal executive officer and principal financial officer, to allow timely decisions regarding required disclosures.

evaluation, our principal executive officer and principal financial officer concluded that, as of June 30, 2021, our disclosure controls

and procedures were not effective.

A material weakness is a deficiency, or a combination

of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement

of our annual or interim financial statements will not be prevented or detected on a timely basis.

We identified the following material

weaknesses as of June 30, 2021:

Insufficient personnel resources within the accounting function to segregate the duties over financial transaction processing and reporting;

Inability to apply GAAP consistently for routine transactions, and to unique transactions and contracts;

Inability to evaluate the adoption of new reporting standards;

A lack of consistent management involvement during the financial statement preparation process.

To remediate our internal control weaknesses,

management intends to implement the following measures, as finances allow:

Adding sufficient accounting personnel or outside consultants to properly segregate duties and to effect a timely, accurate preparation of the financial statements;

Adhering to internal procedures for timely submission of supporting documents to outside consultants;

Developing and maintaining adequate written accounting policies and procedures, once we hire additional accounting personnel or outside consultants.

The additional hiring is contingent upon our efforts

to obtain additional funding and the results of our operations.

Management expects to secure funds in the coming fiscal year but provides

no assurances that it will be able to do so.

(b) Changes in Internal Control over Financial

There were no changes in the Company’s internal

control over financial reporting during the three months ended June 30, 2021 that have materially affected, or are reasonably likely to

materially affect, the Company’s internal control over financial reporting.

However, our management is currently seeking to improve

our controls and procedures in an effort to remediate the deficiency described above.

PART II – OTHER INFORMATION

Evaluation of Disclosure Controls and Procedures:

of the end of the period covered by this Form 10-Q, management performed, with the participation of our principal executive officer and

principal financial officer, an evaluation of the effectiveness of our disclosure controls and procedures as defined in Rules 13a-15(e)

and 15d-15(e) of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”).

Our disclosure controls and procedures

are designed to ensure that information required to be disclosed in the reports we file or submit under the Exchange Act is recorded,

processed, summarized, and reported within the time periods specified in the SEC’s forms, and that such information is accumulated

and communicated to our management, including our principal executive officer and principal financial officer, to allow timely decisions

regarding required disclosures.

Based on the evaluation, our principal executive officer and principal financial officer concluded that,

as of March 31, 2021, our disclosure controls and procedures were not effective.

material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is

a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected

on a timely basis.

We identified the following material weakness as of March 31, 2021:

personnel resources within the accounting function to segregate the duties over financial transaction processing and reporting;

to apply GAAP consistently for routine transactions, and to unique transactions and contracts;

to evaluate the adoption of new reporting standards;

lack of consistent management involvement during the financial statement preparation process.

remediate our internal control weaknesses, management intends to implement the following measures, as finances allow:

sufficient accounting personnel or outside consultants to properly segregate duties and to effect a timely, accurate preparation

of the financial statements;

to internal procedures for timely submission of supporting documents to outside consultants;

and maintaining adequate written accounting policies and procedures, once we hire additional accounting personnel or outside consultants.

additional hiring is contingent upon our efforts to obtain additional funding and the results of our operations.

Management expects to

secure funds in the coming fiscal year but provides no assurances that it will be able to do so.

Changes in Internal Control over Financial Reporting:

were no changes in the Company’s internal control over financial reporting during the three months ended March 31, 2021 that have

materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

our management is currently seeking to improve our controls and procedures in an effort to remediate the deficiency described above.

OTHER INFORMATION

Legal Proceedings.

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