9 unchanged sentences
required disclosure.
−Removed: CEO and our CFO have evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of December
−Removed: Based on their evaluation, our management has concluded that as of December 31, 2022, our disclosure controls and procedures
−Removed: were not effective and there is a material weakness in our internal control over financial reporting.
−Removed: The material weakness relates to
−Removed: the Company lacking sufficient accounting personnel.
−Removed: The shortage of accounting personnel resulted in the Company lacking entity level
−Removed: controls around the review of period-end reporting processes, accounting policies and public disclosures.
−Removed: Additionally, the Company’s
−Removed: current processes and systems do not provide for necessary, timely reconciliation of certain accounts and sufficient consideration regarding
+Added: CEO and our CFO have evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of March 31,
+Added: Based on their evaluation, our management has concluded that as of March 31, 2023, our disclosure controls and procedures were
+Added: not effective and there is a material weakness in our internal control over financial reporting.
+Added: The material weakness relates to the
+Added: Company lacking sufficient accounting personnel.
+Added: The shortage of accounting personnel resulted in the Company lacking entity level controls
+Added: around the review of period-end reporting processes, accounting policies and public disclosures.
+Added: Additionally, the Company’s current
+Added: processes and systems do not provide for necessary, timely reconciliation of certain accounts and sufficient consideration regarding
recoverability of certain assets.
−Removed: This deficiency is common in small companies, similar to us, with limited personnel.
+Added: This deficiency is common in small companies, similar to ours, with limited personnel.
Notwithstanding
−Removed: the conclusion by our Chief Executive Officer and Chief Financial Officer that our disclosure controls and procedures as of December
+Added: the conclusion by our Chief Executive Officer and Chief Financial Officer that our disclosure controls and procedures as of March 31,
2023, were not effective, and notwithstanding the material weakness in our internal control over financial reporting described below,
2 unchanged sentences
for the periods ended on such dates, in conformity with GAAP.
−Removed: order to mitigate the material weaknesses, the Company has implemented measures that they believe have mitigated these weaknesses but
+Added: order to mitigate the material weaknesses, the Company has implemented measures that it believes have mitigated these weaknesses but
has not had sufficient time to fully evaluate these measures.
2 unchanged sentences
tighter control over entries and providing improved data for timely reconciliation of certain accounts, and (ii) engaged a third-party
−Removed: accounting firm to provide review of period-end reporting processes, accounting policies and public disclosures.
+Added: consulting firm to provide review of period-end reporting processes, accounting policies and public disclosures.
+Added: The Company believes
+Added: that given more time these new measures will be sufficient in remediating the material weakness in internal controls.
in Internal Control Over Financial Reporting
14 unchanged sentences
Legal Proceedings.
−Removed: Risk Factors included in our Annual Report on Form 10-K for 2022.
+Added: Risk Factors included in our Annual Report on Form 10-K filed with the SEC on December 28, 2022.
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.