What changed in this filing

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Item 4. Controls and Procedures

2024-11-08 compared with 2024-08-08 · 23 added, 12 removed, 31 unchanged (53% of the section changed)

8 unchanged sentences

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

During the quarter ended June 30, 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.

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

Based upon that evaluation, as of September 30, 2024, 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

3 unchanged sentences

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

our controls 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

3 unchanged sentences

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.

that the accounting standards applicable to our financial statements are complex and will seek to enhance internal controls over financial

reporting and engage experienced third-party professionals with whom management can consult with respect to accounting matters 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 June 30, 2024 that

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

In response to the material weakness identified

above, the Company has implemented changes to our internal control over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f)

under the Exchange Act) as of the quarter ended September 30, 2024.

The Company is actively increasing the quantity and quality of our

internal accounting personnel and has engaged external valuation specialists and accounting advisors with financial reporting expertise,

so as to provide the Company with resources sufficient to properly design and implement internal controls which will prevent and detect

material misstatements to the financial statements in a timely manner.

In addition, the Company has implemented a multi-layered process

to establish and review the valuation of long-term investments with such outside specialists discussed above.

As a result of these changes, the Company believes

the material weakness described above will be remediated.

However, due to the nature of the material weakness, it will not be considered

remediated until the controls have been applied for a sufficient amount of time and management has performed testing of the controls to

conclude that the controls are operating effectively.

Limitations on Effectiveness of Controls

10 unchanged sentences

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