What changed in this filing

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Item 4. Controls and Procedures

2021-08-16 compared with 2021-05-17 · 9 added, 46 removed, 2 unchanged (96% of the section changed)

1 unchanged sentence

(a) Evaluation of disclosure controls and procedures.

management, with the participation of our Chief Executive Officer

and Chief Financial Officer, evaluated the effectiveness of our

disclosure controls and procedures pursuant to Rule 13a-15 under

the Securities Exchange Act of 1934, as amended (the

Exchange Act ”)

as of the end of the period covered by this Report.

and evaluating the disclosure controls and procedures, management

recognizes that any controls and procedures, no matter how well

designed and operated, can provide only reasonable assurance of

achieving the desired control objectives.

In addition, the design

of disclosure controls and procedures must reflect the fact that

there are resource constraints and that management is required to

apply its judgment in evaluating the benefits of possible controls

and procedures relative to their costs.

on our evaluation, our Chief Executive Officer and Chief

Financial Officer concluded that, as of December 31, 2020, our

disclosure controls and procedures are designed at a reasonable

assurance level and are effective to provide reasonable assurance

that information we are required to disclose in reports that we

file or submit under the Exchange Act is recorded, processed,

summarized and reported within the time periods specified in

Securities and Exchange Commission rules and forms, and that such

information is accumulated and communicated to our management,

including our Chief Executive Officer and Chief Financial Officer,

as appropriate, to allow timely decisions regarding required

(b) Changes in internal control over financial

During the year ended December 31, 2020, the

Company took extensive measures towards remediating the material

weaknesses disclosed in the Company’s Annual Report on Form

10-K for the year ended December 31, 2018, and other periodic

reports filed with the SEC.

These measures include, among other

things, additional hiring in the accounting department to ensure

appropriate segregation of duties, strengthening its controls over

IT reporting and management, and the ongoing refinement of our

enterprise resource planning system.

We determined that the design

of internal control over financial statement processes is effective

in relation to identified inherent risks for all significant

processes, based on review of controls in whole, and testing of

each control individually for effectiveness in meeting control

As a result, it has been determined that there were no

material weaknesses of internal control over financial reporting

for the quarter ended March 31, 2021.

PA R T II - OTHER

Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures pursuant to Rule 13a-15 under the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”) as of the end of the period covered by this Report.

In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.

In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs.

Based on our evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of June 30, 2021, our disclosure controls and procedures are designed at a reasonable assurance level and are effective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

(b) Changes in internal control over financial reporting.

There were no changes in our internal control over financial reporting identified in connection with the evaluation required by Rule 13a-15 of the Exchange Act that occurred during the quarter ended June 30, 2021, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Although we have modified our workplace practices due to the COVID-19 pandemic, resulting in many of our employees working remotely since March 2020, this has not materially affected our internal controls over financial reporting.

We continue to monitor and assess the COVID-19 situation on our internal controls to minimize the impact on their design and operating effectiveness.

PART II - 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