What changed in this filing

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Item 4. Controls and Procedures

2022-08-03 compared with 2022-05-06 · 32 added, 17 removed, 9 unchanged (84% of the section changed)

1 unchanged sentence

Evaluation of Disclosure Controls and Procedures

to Rule 13a-15(b) under the Exchange Act, the Company carried out an evaluation, with the participation of the Company’s management,

including the Company’s Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”), of

the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act)

as of the end of the period covered by this report.

Based upon that evaluation, the Company’s PEO and PFO concluded that the Company’s

disclosure controls and procedures were not effective to ensure that information required to be disclosed by the Company in the reports

that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified

in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including

the Company’s PEO and PFO, as appropriate, to allow timely decisions regarding required disclosure.

management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure

controls and procedures as of the end of the period covered by this Quarterly Report on Form 10-Q.

For purposes of this section,

the term disclosure controls and procedures means controls and other procedures of an issuer that are designed to ensure that

information required to be disclosed by the issuer in the reports that it files or submits under the Securities Exchange Act of 1934,

as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the

SEC’s rules and forms.

Disclosure controls and procedures include, without limitation, controls and procedures designed to

ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated

and communicated to the issuer’s management, including its principal executive and principal financial officers, or persons performing

similar functions, as appropriate to allow timely decisions regarding required disclosure.

upon that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that, as of June 30, 2022, the end of the

period covered by this report, our disclosure controls and procedures were effective at a reasonable assurance level.

does not expect that our disclosure controls and procedures or our internal control over financial reporting will prevent or detect 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 systems 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 a cost-effective

control system, no evaluation of internal control over financial reporting can provide absolute assurance that misstatements due to error

or fraud will not occur or that all control issues and instances of fraud, if any, have been or will be detected.

inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of a

simple error or mistake.

Controls can also be circumvented by the individual acts of some persons, by collusion of two or more people,

or by management override of the controls.

The design of any system of controls is based in part on certain assumptions about the likelihood

of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future

Projections of any evaluation of controls effectiveness to future periods are subject to risks.

Over time, controls may become

inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures.

Changes in Internal Control over Financial Reporting

2 unchanged sentences

control over financial reporting.

Company is committed to improving financial organization.

As part of this commitment, management and the Board perform reviews of the

Company’s policies and procedures as they relate to financial reporting in an effort to mitigate future risks of potential misstatements.

The Company will continue to focus on developing and documenting internal controls and procedures surrounding the financial reporting

process, primarily through the use of account reconciliations, and supervision.

II - OTHER INFORMATION

LEGAL PROCEEDINGS

Risk Factors.

required of a smaller reporting company.

Sales of Equity Securities and Use of Proceeds

of March 31, 2022, the Company did not issue any unregistered securities.

upon Senior Securities

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