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 June 30,
−Removed: Based on their evaluation, our management has concluded that as of June 30, 2023, our disclosure controls and procedures were not
−Removed: effective and there is a material weakness in our internal control over financial reporting.
−Removed: The material weakness relates to the Company
−Removed: lacking sufficient accounting personnel.
−Removed: The shortage of accounting personnel resulted in the Company lacking entity level controls around
−Removed: the review of period-end reporting processes, accounting policies and public disclosures.
−Removed: Additionally, the Company’s current processes
−Removed: and systems do not provide for necessary timely reconciliation of certain accounts and sufficient consideration regarding recoverability
−Removed: of certain assets.
−Removed: This deficiency is common in small companies, similar to ours, with limited personnel.
−Removed: Notwithstanding
−Removed: the conclusion by our Chief Executive Officer and Chief Financial Officer that our disclosure controls and procedures as of June 30,
−Removed: 2023, were not effective, and notwithstanding the material weakness in our internal control over financial reporting described below,
−Removed: management believes that the unaudited condensed financial statements and related financial information included in this Quarterly Report
−Removed: fairly present in all material respects our financial condition, results of operations and cash flows as of the dates presented, and
−Removed: for the periods ended on such dates, in conformity with GAAP.
−Removed: order to mitigate the material weaknesses, the Company has implemented measures that it believes have mitigated these weaknesses but
−Removed: has not had sufficient time to fully evaluate these measures.
−Removed: These measures include;
−Removed: (i) updating our accounting software to ensure
−Removed: tighter control over entries and providing improved data for timely reconciliation of certain accounts, and (ii) engaged a third-party
−Removed: consulting firm to provide review of period-end reporting processes, accounting policies and public disclosures.
−Removed: The Company believes
−Removed: that given more time these new measures will be sufficient in remediating the material weakness in internal controls.
+Added: CEO and our CFO have evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of December
+Added: Based on their evaluation, our management has concluded that as of December 31, 2023, our disclosure controls and procedures
+Added: were effective.
in Internal Control Over Financial Reporting
−Removed: there was no change in the Company’s internal control over financial reporting during the Company’s last fiscal quarter that
−Removed: has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting,
−Removed: the Company is continuing to improve its internal controls through the actions mentioned above.
+Added: There have been no changes in our internal control over financial reporting (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities
+Added: Exchange Act of 1934, as amended) that occurred during the three months ended December 31, 2023 that have materially affected, or are
+Added: reasonably likely to materially affect, our internal control over financial reporting.
on the Effectiveness of Controls
12 unchanged sentences
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.