6 unchanged sentences
Executive Officer and Principal Financial Officer concluded that in light of the material weaknesses described below, our disclosure controls
−Removed: and procedures were not effective as of March 31, 2025.
+Added: and procedures were not effective as of June 30, 2025.
See material weaknesses discussed below in Management’s Annual Report on
18 unchanged sentences
that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis.
−Removed: As of March 31, 2025, we
−Removed: conducted an evaluation of the effectiveness of our internal control over financial reporting.
−Removed: Our management concluded that our internal
−Removed: controls over financial reporting were not effective as of March 31, 2025, due to the following identified material weaknesses:
−Removed: Our control environment
−Removed: is inadequate.
−Removed: We have no risk assessment procedures, no formal information or communication process, and no monitoring activities
+Added: As of June 30, 2025, we conducted
+Added: an evaluation of the effectiveness of our internal control over financial reporting.
+Added: Our management concluded that our internal controls
+Added: over financial reporting were not effective as of June 30, 2025, due to the following identified material weaknesses:
+Added: Our control environment is inadequate.
+Added: We have no risk assessment procedures, no formal information or communication process, and no monitoring activities in place.
Additionally, we lack policies that require formal written approval for related party transactions.
−Removed: We have not established
−Removed: and/or maintained adequately designed internal controls in order to prevent or detect and correct material misstatements to the financial
−Removed: We do not have controls in place to prevent individuals from manipulating financial data or entering inaccurate data
−Removed: into the accounting software, and there are no controls over the financial reporting close process.
−Removed: Additionally, we lack segregation
−Removed: of duties and review procedures to ensure our financial data is accurate.
+Added: We have not established and/or maintained adequately designed internal controls in order to prevent or detect and correct material misstatements to the financial statements.
+Added: We do not have controls in place to prevent individuals from manipulating financial data or entering inaccurate data into the accounting software, and there are no controls over the financial reporting close process.
+Added: Additionally, we lack segregation of duties and review procedures to ensure our financial data is accurate.
Management believes that
−Removed: despite our material weaknesses, our condensed consolidated financial statements for the quarter ended March 31, 2025 are fairly stated,
+Added: despite our material weaknesses, our condensed consolidated financial statements for the quarter ended June 30, 2025 are fairly stated,
in all material respects, in accordance with GAAP.
1 unchanged sentence
During the quarter ended
−Removed: March 31, 2025, there were no changes in our internal control over financial reporting that have materially affected, or are reasonably
+Added: June 30, 2025, there were no changes in our internal control over financial reporting that have materially affected, or are reasonably
likely to materially affect, our internal control over financial reporting.
16 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.