Item 4. Controls and Procedures
ITEM 4.
CONTROLS AND PROCEDURES
Evaluation
of Disclosure Controls and Procedures
We
maintain disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”) that are designed to ensure that information required to be disclosed in our reports filed under
the Exchange Act, is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commission’s
rules and forms, and that such information is accumulated and communicated to our management, including our Principal Executive Officer
and Principal Financial and Accounting Officer, as appropriate to allow timely decisions regarding required disclosure.
We
carried out an evaluation under the supervision and with the participation of management, including our Principal Executive Officer and
Principal Financial and Accounting Officer, of the effectiveness of the design and operation of our disclosure controls and procedures
as of June 30, 2024, the end of the period covered by this report. Based on that evaluation, our Principal Executive Officer and Principal
Financial and Accounting Officer have concluded that our disclosure controls and procedures were effective as of June 30, 2024.
Internal
Control over Financial Reporting
Our
management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f)
and 15d-15(f) promulgated under the Exchange Act as a process designed by, or under the supervision of, our principal executive officer
and principal financial officer and effected by the Board, management, and other personnel, to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP and
includes those policies and procedures that:
●
Pertain
to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets
of the Company;
●
Provide
reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with
GAAP, and that our receipts and expenditures of are being made only in accordance with authorizations of our management and directors;
and
●
Provide
reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our assets that
could have a material effect on the financial statements.
Because
of inherent limitations, our internal control over financial reporting may not prevent or detect misstatements. Therefore, even those
systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.
Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because
of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
Changes
in Internal Control over Financial Reporting
There
were no changes in our internal controls over financial reporting during the second quarter of 2024, which were identified in connection
with management’s evaluation required by paragraph (d) of Rules 13a-15 and 15d-15 under the Exchange Act, which have materially
affected, or are reasonable likely to materially affect, our internal control over financial reporting.
20
PART II.
OTHER INFORMATION
ITEM 1.
LEGAL PROCEEDINGS
From
time to time, we may be involved in various claims and legal actions in the ordinary course of business. We are not currently subject
to any material legal proceedings outside the ordinary course of our business.
ITEM 1A.
RISK FACTORS
As
of the date of this report, there have been no material changes to the Risk Factors disclosed in our Annual Report on Form 10-K
for the year ended December 31, 2023.
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
None.
ITEM 3.
DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4.
MINE SAFETY DISCLOSURES
Not
applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.