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 June 30, 2024.
+Added: chief financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as of March 31, 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 June 30, 2024, along with the error identified in our
−Removed: Quarterly Report on Form 10-Q’s for the six months ended June 30, 2024 and the three months ended March 31, 2024, our disclosure
−Removed: controls and procedures were not effective.
−Removed: The error identified in our Quarterly Report on Form 10-Q for the six months ended June 30,
−Removed: 2024 has been corrected in this amended filing.
−Removed: Investors are directed to Item 9A of our Annual Report on Form 10-K for the fiscal year
−Removed: ended December 31, 2023, for the description of these weaknesses.
+Added: ended December 31, 2023, which we are still in the process of remediating as of March 31, 2024, along with the error identified in our
+Added: Quarterly Report on Form 10-Q for the three months ended March 31, 2024, our disclosure controls and procedures were not effective.
+Added: are directed to Item 9A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 for the description of these weaknesses.
Remediation of Material Weaknesses in Internal Control Over Financial
2 unchanged sentences
reporting as promptly as possible.
−Removed: We are evaluating our updated internal controls design and will determine whether the controls have
−Removed: operated effectively during 2024 in order to fully remediate the aforementioned material weakness in our internal control over financial
+Added: We currently plan to evaluate our updated internal controls design and determine whether the controls
+Added: have 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 second quarter of 2024, we continued to implement the following remedial procedures:
−Removed: 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.
−Removed: We plan to implement proper documentation procedures for key functional areas, control objectives and our workflows.
−Removed: We plan to reinforce effective compensating controls can improve the design of the current process with limited human resources.
−Removed: We have hired external consultants to assist with our assessment and accounting for variable consideration
−Removed: as accounted for under ASC 606 and our credit loss expense as accounted for under ASC 326.
+Added: in the first quarter of 2024, we continued to implement the following remedial procedures:
+Added: · We are making necessary changes by providing
+Added: training to our financial team and our other relevant personnel on the GAAP accounting guidelines applicable to financial reporting requirements.
+Added: · We plan to implement proper documentation procedures
+Added: for key functional areas, control objectives and our workflows.
+Added: · We plan to reinforce effective compensating controls
+Added: can improve the design of the current process with limited human resources.
+Added: · We have hired external consultants
+Added: to assist with our assessment and accounting for variable consideration as accounted for
+Added: under ASC 606 and our credit loss expense as accounted for under ASC 326.
We intend to complete the remediation of the material
17 unchanged sentences
Other than in connection with the item noted above
−Removed: as well as the remedial measures described above, there were no changes in our internal controls over financial reporting during the
−Removed: second quarter of 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial
+Added: as well as the implementation of the remedial measures described above, there were no changes in our internal controls over financial
+Added: reporting during the first quarter of 2024 that have materially affected, or are reasonably likely to materially affect, our internal
+Added: control over financial reporting.
OTHER INFORMATION
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.