What changed in this filing

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Item 4. Controls and Procedures

2021-05-13 compared with 2020-11-16 · 17 added, 25 removed, 13 unchanged (76% of the section changed)

7 unchanged sentences

Our principal executive officer and principal financial officer evaluated the

effectiveness of disclosure controls and procedures as of the end of the fiscal quarter ended September 30.

2020 (“Evaluation

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

Based on that evaluation, our principal executive officer and

principal financial officer concluded that, as of the Evaluation Date, our disclosure controls and procedures were not effective

due to material weaknesses related to the following:

written policies and procedures over accounting transaction processing, capital transactions and period end financial disclosure.

above material weaknesses resulted in ineffective oversight in the establishment and proper monitoring controls over accounting

and financial reporting.

effectiveness of disclosure controls and procedures as of the end of the period covered by this report (“Evaluation Date”),

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

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

officer concluded that, as of the Evaluation Date, our disclosure controls and procedures were not effective due to material weaknesses

described in our 2020 Annual Report on Form 10-K.

Notwithstanding

the existence of the above referenced internal control deficiencies, management believes that the consolidated condensed financial

statements in this quarterly report on Form 10-Q fairly present, in all material respects, the Company’s financial condition

as of the Evaluation Date, and its results of operations and cash flows for the Evaluation Date, in conformity with GAAP.

Limitations on Effectiveness of Controls.

of the inherent limitations in all control systems, no control system can provide absolute assurance that all control issues and

instances of fraud, if any, within a company have been detected.

These inherent limitations include the realities that judgments

in decision making can be faulty and that breakdowns can occur because of simple error or mistake.

Additionally, controls can

be circumvented by the individual acts of a person, by collusion of two or more people or by management override of the control.

The design of any system of controls is also 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.

of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and may not be detected.

Notwithstanding these limitations, with the changes referenced above, we believe that our disclosure controls and procedures are

designed to provide reasonable assurance of achieving their objectives.

the existence of the material weaknesses, we believe that the consolidated financial statements included in this report fairly

present in accordance with U.S.

GAAP, in all material respects, our financial condition, results of operations and cash flows

for the periods presented in this report.

on Effectiveness of Controls.

control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives

of the control system are met.

Because of the inherent limitations in all controls systems, no evaluation of controls can provide

absolute assurance that all control issues and instances of fraud, if any, within a company have been detected.

Our disclosure

controls and procedures are designed to provide reasonable assurance of achieving its objectives.

Changes in internal controls over financial reporting.

were no changes in our internal control over financial reporting that occurred during the nine-month period ended September

were no changes in our internal control over financial reporting that occurred during the three-month period ended March 31, 2021

that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

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.

What changed 10-Q

Item 4. Controls and Procedures