8 unchanged sentences
O’Leary, evaluated the effectiveness of our disclosure controls and procedures,
−Removed: as defined in Rule 13a-15(e) of the Exchange Act, as of March 31, 2024.
+Added: as defined in Rule 13a- 15(e) of the Exchange Act, as of June 30, 2024.
Based on his evaluation, Mr.
O’Leary concluded that the
−Removed: Company’s disclosure controls and procedures were not effective as of March 31, 2024.
−Removed: Changes in Internal Control Over Financial
−Removed: Our management is responsible for establishing
−Removed: and maintaining adequate internal controls over financial reporting for the Company.
−Removed: Due to limited resources, management conducted an
−Removed: evaluation of internal controls based on criteria established in 2013 Internal Control - Integrated Framework issued by the Committee
−Removed: of Sponsoring Organizations of the Treadway Commission (“ COSO ”).
−Removed: The results of this evaluation determined that our
−Removed: internal control over financial reporting was ineffective as of December 31, 2023, due to material weaknesses.
−Removed: A material weakness in
−Removed: internal control over financial reporting is defined as a deficiency, or a combination of deficiencies, in internal control over financial
−Removed: reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will
−Removed: not be prevented or detected on a timely basis.
−Removed: A significant deficiency is a deficiency, or a combination of deficiencies, in internal
−Removed: control over financial reporting that is less severe than a material weakness, yet important enough to merit attention by those responsible
−Removed: for oversight of our financial reporting.
−Removed: Management’s assessment identified the following
−Removed: material weaknesses in internal control over financial reporting:
−Removed: The small size of our company limits our ability to achieve the desired level of separation of duties to achieve effective internal controls over financial reporting.
−Removed: We do not have a separate CEO and CFO, to review and oversee our financial policies and procedures, which does achieve a degree of separation.
−Removed: However, until such time as we are able to hire a controller, we do not believe we meet the full requirement for separation.
−Removed: We do not have an audit committee.
−Removed: We have not achieved the desired level of documentation of our internal controls and procedures.
−Removed: This documentation will be strengthened through utilizing a third-party consulting firm to assist management with its internal control documentation and further help to limit the possibility of any lapse in controls occurring.
−Removed: We have not achieved the desired level of corporate governance to ensure that our accounting for all of our contractual and other agreements is in accordance with all of the relevant terms and conditions.
−Removed: As a result of the material weaknesses in internal
−Removed: control over financial reporting described above, our management has concluded that, as of March 31, 2024, our internal control over financial
−Removed: reporting was not effective based on the criteria in Internal Control - Integrated Framework issued by the COSO.
−Removed: We will continue to follow the standards for the
−Removed: Public Company Accounting Oversight Board (United States) for internal control over financial reporting to include procedures that:
−Removed: Pertain to the maintenance of records in reasonable detail accurately that fairly reflect the transactions and dispositions of our assets;
−Removed: Provide reasonable assurance that transactions are recorded as necessary to permit preparation of the financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures are being made only in accordance with authorizations of management and the Board of Directors;
−Removed: Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our assets that could have a material effect on the financial statements.
−Removed: Despite the material weaknesses in financial reporting
−Removed: noted above, we believe that our financial statements included in this report fairly present our financial position, results of operations
−Removed: and cash flows as of and for the years presented in all material respects.
+Added: Company’s disclosure controls and procedures were not effective as of June 30, 2024.
Changes in Internal Controls
−Removed: There were no changes in our internal control
−Removed: over financial reporting that occurred during the fiscal quarter covered by this report that have materially affected, or are reasonably
−Removed: likely to materially affect, our internal control over financial reporting.
+Added: There were no changes in our internal control over
+Added: financial reporting that occurred during the fiscal quarter ended June 30, 2024 that have materially affected, or are reasonably likely
+Added: to materially affect, our internal control over financial reporting.
We have taken limited steps to meet our Sarbanes-Oxley
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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.