What changed in this filing

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Item 4. Controls and Procedures

2024-05-09 compared with 2023-11-06 · 43 added, 38 removed, 1 unchanged (99% of the section changed)

Controls and Procedures

Evaluation of Disclosure Controls

and Procedures

We maintain disclosure

controls and procedures that are designed to ensure that material information required to be disclosed in our periodic reports filed

or submitted under the Securities Exchange Act of 1934, as amended, or the Exchange Act, is recorded, processed, summarized and reported

within the time periods specified in the SEC’s rules and forms.

Our disclosure controls and procedures are also designed to ensure

that information required to be disclosed in the reports we file or submit under the Exchange Act are accumulated and communicated to

our management, including our principal executive officer and principal financial officer as appropriate, to allow timely decisions regarding

required disclosure.

During the quarter

ended September 30, 2023, 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 the design and operation of our disclosure controls

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

Based upon that evaluation, our principal executive

officer and principal financial officer concluded that our disclosure controls and procedures were effective, as of the end of the period

covered by this report.

Changes in Internal Control Over

Financial Reporting

We have not made

any changes to our internal control over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) during

the quarter ended September 30, 2023 that have materially affected, or are reasonably likely to materially affect, our internal control

over financial reporting.

on Effectiveness of Controls

Our management

does not expect that our disclosure controls and procedures or our internal controls will prevent all errors and all fraud.

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.

Because of 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, within our company have been detected.

Legal Proceedings

In the past, in

the ordinary course of business, we actively pursued legal remedies to enforce our intellectual property rights and to stop unauthorized

use of our technology.

Other than ordinary routine litigation incidental to the business, we know of no material, active or pending legal

proceedings against us.

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures

that are designed to ensure that material information required to be disclosed in our periodic reports filed or submitted under the Securities

Exchange Act of 1934, as amended, or the Exchange Act, is recorded, processed, summarized and reported within the time periods specified

in the SEC’s rules and forms.

Our disclosure controls and procedures are also designed to ensure that information required to be

disclosed in the reports we file or submit under the Exchange Act are accumulated and communicated to our management, including our principal

executive officer and principal financial officer as appropriate, to allow timely decisions regarding required disclosure.

During the quarter ended March 31, 2024, 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 the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e)

and 15d-15(e) under the Exchange Act.

Based upon that evaluation, our principal executive officer and principal financial officer concluded

that our disclosure controls and procedures were not effective due to the material weakness in our internal controls.

A material weakness is a deficiency, or a combination

of deficiencies, in internal control over financial reporting, such that there is a reasonably possibility that a material misstatement

of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Material Weaknesses in Internal Controls

The Company’s management has concluded

that our control around the accounting for certain notes receivable accounted for at fair value and certain long-term investments

accounted for at fair value or with the equity security measurement alternative was not effectively designed or maintained, and

therefore initially were not accounted for correctly.

As a result, our management performed additional analysis as deemed necessary

to ensure that our financial statements were prepared in accordance with accounting principles generally accepted in the United

States of America.

Management understands that the accounting standards applicable to our financial statements are complex and will

seek to enhance controls over its experienced third-party professionals with whom management can consult with respect to accounting

issues and remediate this material weakness.

Changes in Internal Control Over Financial Reporting

We have not made any changes to our internal control

over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) during the quarter ended March 31, 2024 that

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

Limitations on Effectiveness of Controls

Our management does not expect that our disclosure

controls and procedures or our internal controls will prevent all errors and all 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.

Because of 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, within our company have been detected.

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