What changed in this filing

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Item 4. Controls and Procedures

2020-08-04 compared with 2020-05-11 · 31 added, 33 removed, 13 unchanged (83% of the section changed)

and Procedures

Controls and Procedures

Disclosure Controls and Procedures

We carried out an evaluation of the effectiveness

of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e))

as of March 31, 2020.

This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer

and our Chief Financial Officer.

Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded

that, as of March 31, 2020, our disclosure controls and procedures were not effective due to the presence of material weaknesses

in internal control over financial reporting.

We carried out

an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange

Act Rules 13a-15(e) and 15d-15(e)) as of June 30, 2020.

This evaluation was carried out under the supervision and with the participation

of our Chief Executive Officer and our Chief Financial Officer.

Based upon that evaluation, our Chief Executive Officer and Chief

Financial Officer concluded that, as of June 30, 2020, our disclosure controls and procedures were not effective due to the presence

of material weaknesses in internal control over financial reporting.

material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there

is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not

be prevented or detected on a timely basis.

2 unchanged sentences

(i) Lack of documentation around the components of internal control and inadequate risk assessment process

over the Company’s internal controls;

and (ii) Inadequate controls over information technology.

Remediation Plan to Address the Material

Weaknesses in Internal Control over Financial Reporting

Plan to Address the Material Weaknesses in Internal Control over Financial Reporting

Management has implemented and continues

3 unchanged sentences

(i) we intend to adopt a

different financial reporting software that has increased controls built into the system functionality before the end of the fiscal

year, in the interim we plan to implement additional controls to mitigate existing controls risks inherent to our existing accounting

different financial reporting software that has increased controls built into the system functionality by the end of the current

fiscal year, in the interim we plan to implement additional controls to mitigate existing controls risks inherent to our existing

accounting software;

(ii) additional controls to improve risk assessment procedures to ensure all risks have been addressed.

We believe that these actions will

remediate the material weaknesses, once management has performed its assessment of our internal controls over financial reporting

including the remedial measures described above.

The weakness will not be considered remediated, however, until the applicable

controls operate for a sufficient period of time and management has concluded, through testing, that these controls are operating

We expect that the remediation of this material weakness will be completed prior to the end of fiscal 2020.

Changes in Internal Control over Financial

Other than continuing with the remediation

actions described above related to the material weakness in our internal controls, there has been no change in our internal control

over financial reporting during the quarter ended March 31, 2020 that have materially affected, or are reasonably likely to materially

affect, our internal control over financial reporting.

PART II –

OTHER INFORMATION

Legal Proceedings

We are not a party to any pending legal proceeding

which would have a material impact to the Company.

We are not aware of any pending legal proceeding to which any of our officers,

directors, or any beneficial holders of 5% or more of our voting securities are adverse to us or have a material interest adverse

that these actions will remediate the material weaknesses, once management has performed its assessment of our internal controls

over financial reporting including the remedial measures described above.

The weakness will not be considered remediated, however,

until the applicable controls operate for a sufficient period of time and management has concluded, through testing, that these

controls are operating effectively.

We expect that the remediation of this material weakness will be completed prior to the end

of fiscal 2020.

Internal Control over Financial Reporting

than continuing with the remediation actions described above related to the material weakness in our internal controls, there

has been no change in our internal control over financial reporting during the quarter ended June 30, 2020 that have materially

affected, or are reasonably likely to materially affect, our internal control over financial reporting.

II – OTHER INFORMATION

party to any pending legal proceeding which would have a material impact to the Company.

We are not aware of any pending legal

proceeding to which any of our officers, directors, or any beneficial holders of 5% or more of our voting securities are adverse

to us or have a material interest adverse to us.

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