4 unchanged sentences
Disclosure Controls are also designed to reasonably assure that such information is accumulated and communicated to our management, including the Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), as appropriate to allow timely decisions regarding required disclosure.
−Removed: Based upon that evaluation, the CEO and CFO concluded that, as of the Evaluation Date, our disclosure controls and procedures were not effective due to a material weakness in our internal control over financial reporting.
−Removed: As previously disclosed, management identified a material weakness in our internal control over financial reporting as of December 31, 2024.
−Removed: The material weakness related to user access and segregation of duties within certain information technology systems that support the Company’s financial reporting process.
−Removed: Since that time, the Company has implemented a series of remediation actions to strengthen our control environment.
−Removed: These actions include enhancements to system access controls, improved segregation of duties, and expanded monitoring and review procedures.
−Removed: Management believes these actions have substantially addressed the conditions that gave rise to the 2024 issue and have reduced the associated risk of material misstatement.
−Removed: We are currently in the process of testing the operating effectiveness of the enhanced controls as part of our ongoing internal control assessment activities.
−Removed: Management expects to complete its evaluation as part of the 2025 annual assessment.
−Removed: The Audit Committee and management will continue to monitor the progress and effectiveness of these efforts to ensure the continued improvement of the Company’s overall control environment.
+Added: Based upon that evaluation, the CEO and CFO concluded that, as of the Evaluation Date, our disclosure controls and procedures were not effective due to a material weakness in our internal control over financial reporting which was identified and discussed in more detail in our annual report on Form 10-K for the year ended December 31, 2025.
+Added: As previously reported, we identified material weakness in our internal controls over financial reporting as of December 31, 2025.
+Added: The material weakness related to segregation of duties and to the completeness and accuracy of internally generated reports used in the preparation of the disaggregated revenue footnote as of December 31, 2025.
+Added: Notwithstanding this material weakness, we have performed additional procedures to enable management to conclude that our consolidated financial statements included in this Form 10-Q fairly present in all material respects our financial condition and results of operations for the period ended March 31, 2026.
+Added: In response to the material weakness, we have made and will continue to expand the remediations needed to address this weakness.
+Added: Management and the Audit Committee will monitor these remedial measures and the effectiveness of our overall control environment.
A material weakness will not be considered remediated, however, until the applicable controls operate for a sufficient period of time and Management concludes, through testing, that these controls are operating effectively.
−Removed: Notwithstanding the previously identified material weakness, management believes that the Company’s consolidated financial statements included in this Form 10-Q present fairly, in all material respects, the Company’s financial position and results of operations for the period ended September 30, 2025.
CHANGES IN INTERNAL CONTROLS
−Removed: During the period covered by this report, the Company continued to implement remediation activities related to the material weakness in internal control over financial reporting previously identified as of December 31, 2024.
−Removed: These activities included enhancements to user access controls, segregation of duties, and related monitoring procedures.
−Removed: Other than these ongoing remediation efforts, there were no changes in our internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
−Removed: The Company’s internal control framework continues to be based on the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) Internal Control – Integrated Framework (2013).
+Added: Subsequent to the identification of the material weakness discussed in the annual report on Form 10-K for the year ended December 31, 2025, management has continued to implement remediation actions designed to address the underlying control deficiencies, including enhancing review procedures and increasing management oversight over financial reporting activities.
+Added: These actions are intended to improve the design and operation of the Company’s internal control environment.
+Added: Management believes these remediation efforts appropriately address the root causes of the material weakness;
+Added: however, the material weakness will not be considered remediated until the relevant controls have operated for a sufficient period of time and management has concluded, based on testing, that the controls are operating effectively.
PART II - OTHER INFORMATION
1 unchanged sentence
From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business.
−Removed: As of September 30, 2025, we were not a party to any material pending legal proceedings.
+Added: As of March 31, 2026, we were not a party to any material pending legal proceedings.
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.