1 unchanged sentence
of Disclosure Controls and Procedures
−Removed: the supervision and with the participation of our management, including our Chief Executive Officer (who is presently also serving as
−Removed: our interim principal financial officer) and our Controller, we conducted an evaluation of our disclosure controls and procedures, as
−Removed: such term is defined under Securities and Exchange Act of 1934 Rule 15(d)-15(e).
−Removed: Disclosure controls and procedures are designed to provide
−Removed: reasonable assurance that the information required to be disclosed in the reports that we file or submit under the Exchange Act has been
−Removed: appropriately recorded, processed, summarized and reported on a timely basis and are effective in ensuring that such information is accumulated
−Removed: and communicated to the Company’s management, as appropriate to allow timely decisions regarding required disclosure.
−Removed: this evaluation, our Chief Executive Officer and our Controller concluded that as of September 30, 2021, although process improvements
−Removed: have been implemented which addresses internal control weaknesses, our disclosure on controls and procedures remain the same and are
−Removed: not effective.
+Added: the supervision and with the participation of our management, including our Chief Executive Officer and our Chief Financial Officer,
+Added: we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Securities and Exchange Act of 1934
+Added: Rule 13(a)-15(e).
+Added: Disclosure controls and procedures are designed to provide reasonable assurance that the information required to be
+Added: disclosed in the reports that we file or submit under the Exchange Act has been appropriately recorded, processed, summarized and reported
+Added: on a timely basis and are effective in ensuring that such information is accumulated and communicated to the Company’s management,
+Added: as appropriate to allow timely decisions regarding required disclosure.
+Added: Based on this evaluation, our Chief Executive Officer and our
+Added: Chief Financial Officer concluded that as of March 31, 2022, our disclosure controls and procedures are not effective.
has identified the following material weaknesses in our internal control over financial reporting:
4 unchanged sentences
personnel and are reassigning control responsibilities to help ensure that we are able to properly implement internal control procedures.
−Removed: New processes have since been implemented to address segregation of duty issues which also includes transactional signs offs between
−Removed: preparer and reviewer as well as documenting discussions around financial results and metrics including reserves and balance sheet reconciliations.
+Added: the assessment of the effectiveness of our internal control over financial reporting did identify material weaknesses, management considers
+Added: its internal control over financial reporting to be ineffective.
believes that the material weakness set forth above did not have an effect on our financial results.
in Internal Control over Financial Reporting
−Removed: have been changes in the Company’s internal controls as described above;
−Removed: however, such changes did not affect our financial reporting
−Removed: during the three months ended September 30, 2021.
+Added: have been no changes in the Company’s internal control over financial reporting during the three months ended March 31, 2022 that
+Added: have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
II-OTHER INFORMATION
4 unchanged sentences
required because we are a smaller reporting company.
−Removed: Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: Defaults Upon Senior Securities.
−Removed: 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.