What changed in this filing

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Item 4. Controls and Procedures

2021-08-12 compared with 2021-05-28 · 52 added, 47 removed, 1 unchanged (99% of the section changed)

Controls and Procedures

Evaluation of Disclosure

Controls and Procedures

Disclosure controls

are procedures that are designed with the objective of ensuring that information required to be disclosed in our reports filed under

the Exchange Act, such as this Quarterly Report, is recorded, processed, summarized, and reported within the time period specified

in the SEC’s rules and forms.

Disclosure controls are also designed with the objective of ensuring that such information is

accumulated and communicated to our management, including our chief executive officer and our chief financial officer, as

appropriate to allow timely decisions regarding required disclosure.

Our management evaluated, with the participation of our

principal executive officer and principal financial officer (our “Certifying Officers”), the effectiveness of our

disclosure controls and procedures as of March 31, 2021, pursuant to Rule 13a-15(b) under the Exchange Act.

Based upon that

evaluation, our Certifying Officers concluded that our disclosure controls and procedures were not effective as of March 31, 2021,

due solely to the material weakness in our internal control over financial reporting described below in “Changes in Internal

Control Over Financial Reporting.”

In light of this material weakness, we performed additional analysis as deemed necessary to

ensure that our financial statements were prepared in accordance with U.S.

generally accepted accounting principles.

management believes that the financial statements included in this Quarterly Report present fairly in all material respects our

financial position, results of operations and cash flows for the period presented.

We do not expect that

our disclosure controls and procedures will prevent all errors and all instances of fraud.

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.

Further, the design of disclosure controls and procedures must reflect the fact that there are resource constraints,

and the benefits must be considered relative to their costs.

Because of the inherent limitations in all disclosure controls and procedures,

no evaluation of disclosure controls and procedures can provide absolute assurance that we have detected all our control deficiencies

and instances of fraud, if any.

The design of disclosure controls and procedures also is based partly on 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.

Changes in Internal Control over Financial

There was no change in

our internal control over financial reporting that occurred during the three months ended March 31, 2021, covered by this Quarterly Report on Form 10-Q

that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting as the circumstances that led to the restatement of our financial

statements had not yet been identified.

Management has implemented remediation steps to address the material weakness and to improve our

internal control over financial reporting.

Specifically, we expanded and improved our review process for complex securities and related

accounting standards.

We plan to further improve this process by enhancing access to accounting literature, identification of third-party

professionals with whom to consult regarding complex accounting applications and consideration of additional staff with the requisite

experience and training to supplement existing accounting professionals.

PART II - OTHER INFORMATION

of Disclosure Controls and Procedures

controls are procedures that are designed with the objective of ensuring that information required to be disclosed in our reports filed

under the Exchange Act, such as this Quarterly Report, is recorded, processed, summarized, and reported within the time period specified

in the SEC’s rules and forms.

Disclosure controls are also designed with the objective of ensuring that such information is accumulated

and communicated to our management, including our chief executive officer and our chief financial officer, as appropriate to allow timely

decisions regarding required disclosure.

Our management evaluated, with the participation of our principal executive officer and principal

financial officer (our “Certifying Officers”), the effectiveness of our disclosure controls and procedures as of June 30,

2021, pursuant to Rule 13a-15(b) under the Exchange Act.

Based upon that evaluation, our Certifying Officers concluded that our disclosure

controls and procedures were not effective as of June 30, 2021, due solely to the material weakness in our internal control over financial

reporting described in our Annual Report on Form 10-K/A as filed with the SEC on May 28, 2021 In light of this material weakness, we

performed additional analysis as deemed necessary to ensure that our financial statements were prepared in accordance with U.S.

accepted accounting principles.

Accordingly, management believes that the financial statements included in this Quarterly Report present

fairly in all material respects our financial position, results of operations and cash flows for the period presented.

do not expect that our disclosure controls and procedures will prevent all errors and all instances of fraud.

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.

Further, the design of disclosure controls and procedures must reflect the fact that there

are resource constraints, and the benefits must be considered relative to their costs.

Because of the inherent limitations in all disclosure

controls and procedures, no evaluation of disclosure controls and procedures can provide absolute assurance that we have detected all

our control deficiencies and instances of fraud, if any.

The design of disclosure controls and procedures also is based partly on 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.

in Internal Control over Financial Reporting

was no change in our internal control over financial reporting that occurred during the three months ended June 30, 2021, covered by

this Quarterly Report that has materially affected, or is reasonably likely to materially affect, our internal control over

financial reporting, other than described herein.

Management has implemented remediation steps to address the material weakness and

to improve our internal control over financial reporting.

Specifically, we expanded and improved our review process for complex

securities and related accounting standards.

We plan to further improve this process by enhancing access to accounting literature,

identification of third-party professionals with whom to consult regarding complex accounting applications and consideration of

additional staff with the requisite experience and training to supplement existing accounting professionals.

II - OTHER INFORMATION

Legal Proceedings

time to time, we may be subject to legal proceedings and claims in the ordinary course of business.

We are not currently aware of any

such proceedings or claims that we believe will have, individually or in the aggregate, a material adverse effect on our business, financial

condition or results of operations.

have been no material changes in our risk factors from those disclosed in our Amendment No.

1 to our Annual Report on Form 10-K for the

fiscal year ended December 31, 2020 filed on May 28, 2021.

Unregistered Sales of Equity Securities and Use of Proceeds

Defaults Upon Senior Securities

Mine Safety Disclosures

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