What changed in this filing

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Item 4. Controls and Procedures

2024-05-15 compared with 2023-11-14 · 24 added, 19 removed, 8 unchanged (84% of the section changed)

5 unchanged sentences

executive officer, and Interim Chief Financial Officer, as our principal financial officer, to allow timely decisions regarding required

connection with the preparation of the Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, our management, with the

participation of our Chief Executive Officer and Interim Chief Financial Officer, evaluated the effectiveness of our disclosure controls

and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act).

Our management recognizes that any controls and

procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives, and management

necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

Based upon the evaluation

described above, our Chief Executive Officer and Interim Chief Financial Officer concluded that, due to the material weaknesses previously

reported in our Annual Report that have not yet been remediated, our disclosure controls and procedures were not effective as of September

connection with the preparation of the Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, our management, with the participation

of our Chief Executive Officer and Interim Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures

(as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act).

Our management recognizes that any controls and procedures, no

matter how well designed and operated, can provide only reasonable assurance of achieving their objectives, and management necessarily

applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

As described in our Annual Report,

our management identified a material weakness in our internal control over financial reporting as a result of our failure to capture,

and record, and pay tariffs correctly related to the imported merchandise on previously filed 2022 and 2021 financial statements.

upon the evaluation described above, our Chief Executive Officer and Interim Chief Financial Officer concluded that, due to the material

weakness previously reported in our Annual Report that has not yet been remediated, our disclosure controls and procedures were not effective

as of March 31, 2024.

in Internal Control over Financial Reporting

described a plan to remediate the material weaknesses within our Annual Report.

Management, with the assistance of a third-party service

provider, continues to design and implement internal controls.

Additionally, management continued its risk assessment to identify risks

and objectives.

There were no other changes in our internal controls over financial reporting that occurred during the quarter ended

September 30, 2023 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Management will continue to evaluate and enhance our processes as noted in the remediation plan described within our Annual Report.

elements of our remediation plan can only be accomplished over time, and we can offer no assurance that these will ultimately have the

intended effects.

described a plan to remediate the material weakness within our Annual Report.

Management, with the assistance of a third-party

service provider, continues to design and implement additional internal controls.

Additionally, management continued its risk

assessment to identify risks and objectives.

There were no other changes in our internal controls over financial reporting that

occurred during the quarter ended March 31, 2024 that materially affected, or are reasonably likely to materially affect, our

internal control over financial reporting.

Management will continue to evaluate and enhance our processes as noted in the

remediation plan described within our Annual Report.

The elements of our remediation plan can only be accomplished over time, and we

can offer no assurance that these will ultimately have the intended effects.

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