12 unchanged sentences
Difficulty applying complex accounting principles.
−Removed: These material
−Removed: weaknesses resulted in our management failing to give effect to options granted during the three months ended March 31, 2022, to
−Removed: purchase an aggregate of 65,920,895 shares of our common stock issued to our executive officers and a consultant in our Quarterly Report
−Removed: on Form 10-Q for the period ended March 31, 2022 (the “First Quarter Report”) which was determined by the Company’s
−Removed: Chief Executive Officer and Chief Financial Officer in connection with the preparation of this report, resulting in an approximately $17.8M
−Removed: understatement in operating expenses and in common stock and additional paid-in capital for the period ended March 31, 2022.
−Removed: Company restated its unaudited financial statements as of and for the three months ended March 31, 2022 which were included in an amendment
−Removed: to the First Quarter Report.
−Removed: We will continue to monitor our internal control over financial reporting
−Removed: on an ongoing basis and are committed to taking further action and implementing additional enhancements or improvements, as necessary
−Removed: and as funds allow.
−Removed: We do not, however, expect that the material weaknesses in our disclosure controls will be remediated until such time
−Removed: as we have added additional personnel, including additional accounting and administrative staff, allowing improved internal control over
−Removed: financial reporting.
−Removed: Changes in Internal Control Over Financial
−Removed: There were no changes in our internal control over financial reporting as defined in Rule 13a-15(f) and Rule 15d-15(f)
−Removed: under the Exchange Act that occurred during the period covered by this report that have materially affected, or are reasonably likely
−Removed: to materially affect, our internal control over financial reporting.
+Added: We will continue
+Added: to monitor our internal control over financial reporting on an ongoing basis and are committed to taking further action and implementing
+Added: additional enhancements or improvements, as necessary and as funds allow.
+Added: We do not, however, expect that the material weaknesses in our
+Added: disclosure controls will be remediated until such time as we have added additional personnel, including additional accounting and administrative
+Added: staff, allowing improved internal control over financial reporting.
+Added: Changes in Internal Control Over Financial Reporting .
+Added: 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
+Added: Act that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect,
+Added: our internal control over financial reporting.
PART II – OTHER INFORMATION
−Removed: LEGAL PROCEEDINGS
−Removed: From time to time, the Company
−Removed: may become a party to legal actions or proceedings in the ordinary course of its business.
−Removed: At June 30, 2022, there were no such actions
−Removed: or proceedings, either individually or in the aggregate, that, if decided adversely to the Company’s interests, the Company believes
−Removed: 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.