Item 4. Controls and Procedures
ITEM 4. Controls and Procedures
Evaluation of Disclosure Controls and Procedures
We carried out an evaluation, under the supervision
and with the participation of our management, including our principal executive officer and principal financial officer, of the effectiveness
of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act
(defined below)). Based upon that evaluation, our principal executive officer and principal financial officer concluded that,
as of the end of the period covered in this report, our disclosure controls and procedures were effective to ensure that information required
to be disclosed in reports filed under the Securities Exchange Act of 1934, as amended (the "Exchange Act") is recorded, processed,
summarized and reported within the required time periods and is accumulated and communicated to our management, including our principal
executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.
Our management, including our principal executive
officer and principal financial officer, does not expect that our disclosure controls and procedures or our internal controls will prevent
all error or fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute,
assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there
are resource constraints and the benefits of controls must be considered relative to their costs. Due to the inherent limitations
in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any,
have been detected. Accordingly, management believes that the financial statements included in this report fairly present in all material
respects our financial condition, results of operations and cash flows for the periods presented.
Because the Company was dormant from February
2010 to January 2021 disclosure controls and procedures as of September 30, 2019 are deemed to be ineffective.
Changes in Internal Control Over Financial
Reporting
In addition, our management with the participation
of our Principal Executive Officer and Principal Financial Officer have determined that change in our internal control over financial
reporting (as that term is defined in Rules 13(a)-15(f) and 15(d)-15(f) of the Securities Exchange Act of 1934) occurred during or subsequent
to the quarter ended September 30, 2019 that internal control over financial reporting is deemed to be ineffective.
12
PART II - OTHER INFORMATION
Item 1. Legal
Proceeding
The Company is subject to legal proceedings and
claims that arise in the ordinary course of its business. Although occasional adverse decisions or settlements may occur, the Company
believes that the final disposition of such matters will not have material adverse effect on its financial position, results of operations
or liquidity.
Item 1A. Risk Factors
No material changes from risk factor as previously
disclose.
Item 2. Unregistered Sales of Securities and Use of Proceeds – S-1/A Registration Statement
None
Item 3. Defaults upon Senior Securities
None
Item 4. Submission
of Matters to a Vote of Security Holders
Not applicable
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.