10 unchanged sentences
Act, our management has carried out an evaluation, with the participation and under the supervision of our chief executive officer and
−Removed: chief financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as of March 31, 2024.
+Added: chief financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as of June 30, 2024.
Based upon, and as of the date of this evaluation, our chief executive officer and chief financial officer determined that, because of
the material weaknesses described in Item 9A “Controls and Procedures” of our Annual Report on Form 10-K for the fiscal year
−Removed: ended December 31, 2023, which we are still in the process of remediating as of March 31, 2024, our disclosure controls and procedures
+Added: ended December 31, 2023, which we are still in the process of remediating as of June 30, 2024, our disclosure controls and procedures
were not effective.
5 unchanged sentences
reporting as promptly as possible.
−Removed: We currently plan to evaluate our updated internal controls design and determine whether the controls
−Removed: have operated effectively during 2024 in order to fully remediate the aforementioned material weakness in our internal control over financial
+Added: We are evaluating our updated internal controls design and will determine whether the controls have
+Added: operated effectively during 2024 in order to fully remediate the aforementioned material weakness in our internal control over financial
As disclosed in our Annual Report on Form 10-K
for the fiscal year ended December 31, 2023, our management has identified the steps necessary to address the material weaknesses, and
−Removed: in the first quarter of 2024, we continued to implement the following remedial procedures:
−Removed: · We are making necessary changes by providing
−Removed: training to our financial team and our other relevant personnel on the GAAP accounting guidelines applicable to financial reporting requirements.
−Removed: · We plan to implement proper documentation procedures
−Removed: for key functional areas, control objectives and our workflows.
−Removed: · We plan to reinforce effective compensating controls
−Removed: can improve the design of the current process with limited human resources.
+Added: in the second quarter of 2024, we continued to implement the following remedial procedures:
+Added: We are making necessary changes by making strategic hiring decisions and providing training to our financial team, and other relevant personnel, on the GAAP accounting guidelines applicable to financial reporting requirements.
+Added: We plan to implement proper documentation procedures for key functional areas, control objectives and our workflows.
+Added: We plan to reinforce effective compensating controls can improve the design of the current process with limited human resources.
We intend to complete the remediation of the material
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Other than in connection with the implementation
−Removed: of the remedial measures described above, there were no changes in our internal controls over financial reporting during the first quarter
+Added: of the remedial measures described above, there were no changes in our internal controls over financial reporting during the second quarter
of 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
1 unchanged sentence
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.