What changed in this filing

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Item 4. Controls and Procedures

2022-05-23 compared with 2021-11-22 · 30 added, 25 removed, 3 unchanged (95% of the section changed)

CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Under the direction and with

the participation of the Company’s management, including the Company’s Chief Executive and Chief Financial Officer, the Company

has conducted an evaluation of the effectiveness of the design and operation of its disclosure controls and procedures as of September

The Company maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed

in its periodic reports with the Securities and Exchange Commission is recorded, processed, summarized and reported within the time periods

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

including its principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required

The Company’s disclosure controls and procedures are designed to provide a reasonable level of assurance of reaching

its desired disclosure control objectives.

Based on the evaluation, the Chief Executive and Chief Financial Officer concluded that the

Company’s disclosure controls and procedures were not effective as of September 30, 2021.

Our disclosure controls and procedures

are ineffective due to a lack of segregation of duties and the lack of formal documentation of our control environment.

In light of the material weakness

described above, we continue to perform additional analysis and other post-closing procedures to ensure our financial statements are prepared

in accordance with GAAP.

Accordingly, we believe that the financial statements included in this report fairly present, in all material

respects, our financial condition, results of operations and cash flows for the periods presented.

Additional experienced personnel will

be hired in the accounting and finance department, appropriate consultants will be retained, and our accounting system will be upgraded

as soon as it becomes economically feasible and sustainable.

Evaluation of Disclosure Controls and

We are required to maintain “disclosure controls and procedures” as such term is defined in Rule

13a-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”).

Based on their evaluation as of the end of the

period covered by this report, our Chief Executive Officer and our Chief Financial Officer have concluded that our disclosure

controls and procedures were not effective to ensure that the information relating to our company, required to be disclosed in our

Securities and Exchange Commission (“SEC”) reports (i) is recorded, processed, summarized and reported within the time

periods specified in SEC rules and forms, and (ii) is accumulated and communicated to our management, including our Chief Executive

Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure as a result of material weaknesses in

our internal control over financial reporting for the following reasons:

· Due to our small number of employees and limited

resources, we have limited segregation of duties, as a result of which there is insufficient independent review of duties performed.

· As a result of a lack of qualified accounting

personnel, we rely on outside consultants for the preparation of our financial reports, including financial statements and management’s

discussion and analysis, which could lead to overlooking items requiring disclosure.

· Difficulty applying complex accounting principles.

continue to monitor our internal control over financial reporting on an ongoing basis and are committed to taking further action and implementing

additional enhancements or improvements, as necessary and as funds allow.

We do not, however, expect that the material weaknesses in our

disclosure controls will be remediated until such time as we have added additional personnel, including additional accounting and administrative

staff, allowing improved internal control over financial reporting.

Changes in Internal Control Over Financial

There was no change in the

Company’s internal control over financial reporting that occurred during the nine months ended September 30, 2021 that has materially

affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

There were no changes in our internal control over financial reporting as defined in Rule 13a-15(f) and Rule 15d-15(f)

under the Exchange Act that occurred during the period covered by this report that have materially affected, or are reasonably likely

to materially affect, our internal control over financial reporting.

OTHER INFORMATION

LEGAL PROCEEDINGS

From time to time, the Company

may become a party to legal actions or proceedings in the ordinary course of its business.

At March 31, 2022, there were no such actions

or proceedings, either individually or in the aggregate, that, if decided adversely to the Company’s interests, the Company believes

would be material to its operation or cash flow.

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