What changed in this filing

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Item 4. Controls and Procedures

2025-11-12 compared with 2025-08-19 · 26 added, 36 removed, 19 unchanged (77% of the section changed)

1 unchanged sentence

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures (as

defined in Rule 13a-15(e) under the Exchange Act).

We maintain disclosure controls and procedures

(as defined in Rule 13a-15(e) under the Exchange Act).

Disclosure controls and procedures refer to controls and other procedures designed

3 unchanged sentences

required disclosure.

As required by Rule 13a-15(e) of the Exchange Act,

our management has carried out an evaluation, with the participation and under the supervision of our chief executive officer and chief

financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as of June 30, 2025.

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 ended December

31, 2024, which we are still in the process of remediating as of June 30, 2025, along with the error identified in our Quarterly Reports

on Form 10-Q for the six months ended June 30, 2024 and the three months ended March 31, 2024, our disclosure controls and procedures

As required by Rule 13a-15(e) of the Exchange

Act, our management has carried out an evaluation, with the participation and under the supervision of our chief executive officer and

chief financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as of September 30,

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/A for the fiscal

year ended December 31, 2024, which we are still in the process of remediating as of September 30, 2025, our disclosure controls and procedures

were not effective.

The errors identified in our Quarterly Reports on Form 10-Q were corrected in amended filings.

Investors are directed

to Item 9A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, for the description of these weaknesses.

Remediation of Material Weaknesses in Internal Control Over Financial

We have evaluated the material weakness described

above and our management and board of directors are committed to the design and successful implementation of internal control over financial

reporting as promptly as possible.

We are evaluating our updated internal controls design and will determine whether the controls have

operated effectively during 2025 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, 2024, our management has identified the steps necessary to address the material weaknesses, and in

the second quarter of 2025, we continued to implement the following remedial procedures:

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.

We are implementing proper documentation procedures for key functional areas, control objectives and our workflows.

We are enhancing our processes, routine and non-routine, to encompass segregation of duties as well as oversight of secondary independent reviews.

We plan to reinforce effective compensating controls can improve the design of the current process with limited human resources.

Investors are directed to Item 9A of our Annual Report on Form 10-K/A for the fiscal year ended December 31, 2024

for the description of these weaknesses.

Changes in Internal Control Over Financial

We regularly review our system of internal control over financial reporting

and make changes to our processes and systems to improve controls and increase efficiency, while ensuring that we maintain an effective

internal control environment.

Changes may include such activities as implementing new, more efficient systems, consolidating activities,

and migrating processes.

Other than in connection with the implementation

of the remedial measures described below, there were no changes in our internal controls over financial reporting during the three months

ended September 30, 2025 that have materially affected, or are reasonably likely to materially affect, our internal control over financial

As disclosed in our Annual Report on Form 10-K/A

for the fiscal year ended December 31, 2024, our management has identified the steps necessary to address the material weaknesses, and

in the three months ended September 30, 2025, we continued to implement the following remedial procedures:

We have made strategic hiring decisions and have provided, and will continue to provide, training to our financial team, and other relevant personnel, on the GAAP accounting guidelines applicable to financial reporting requirements.

We continue to implement high quality proper documentation procedures for key functional areas, control objectives, and our workflows.

We are continuing to enhance our processes, routine and non-routine, on an ongoing basis to encompass segregation of duties as well as oversight of secondary independent reviews.

We reinforce effective compensating controls in order to improve the design of the current process with limited human resources.

We intend to complete the remediation of the material

8 unchanged sentences

We are committed to taking appropriate steps for remediation,

Changes in Internal Control Over Financial Reporting

In connection with the preparation of our financial

statements for the quarter ended June 30, 2025, management identified a classification error in the presentation of noncash interest expense

within the consolidated statements of cash flows, which resulted in the restatement of certain prior-period financial statements presented

in this Quarterly Report on Form 10-Q/A.

While this classification error did not result in a material weakness in internal control over

financial reporting, we have enhanced our review procedures for the statement of cash flows, including additional cross-checks between

the disclosure checklist, supporting schedules, and the general ledger.

Other than in connection with the implementation of

the remedial measures described above, there were no changes in our internal controls over financial reporting during the second quarter

of 2025 that have materially affected, or are reasonably likely to materially affect, our internal 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.

What changed 10-Q

Item 4. Controls and Procedures