What changed in this filing

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Item 4. Controls and Procedures

2023-05-15 compared with 2022-11-14 · 20 added, 19 removed, 20 unchanged (66% of the section changed)

7 unchanged sentences

Our management, with the participation of our Chief Executive Officer and Chief Financial Officer,

evaluated the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rule 13a–15(e) and 15d-15(e))

as of September 30, 2022.

evaluated the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rule 13a–15€ and 15d-15(e))

as of March 31, 2023.

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

disclosure controls and procedures were not effective as of September 30, 2022 due to the material weaknesses in our internal controls

over financial reporting described below.

disclosure controls and procedures were not effective as of March 31, 2023 due to the material weaknesses in our internal controls over

financial reporting described below.

Notwithstanding these material weaknesses, management has concluded that our financial statements

3 unchanged sentences

connection with the preparation of our consolidated financial statements for the years ended December 31, 2022 and 2021, and our unaudited

interim consolidated financial statements for the three and nine months ended September 30, 2022 and 2021, we concluded that there were

material weaknesses in our internal controls over financial reporting.

A material weakness is a significant deficiency, or a combination

of significant deficiencies, in internal controls over financial reporting such that it is reasonably possible that a material misstatement

of the annual or interim financial statements will not be prevented or detected on a timely basis.

The material weaknesses identified

are insufficient internal controls because of inadequate technical accounting expertise and inappropriate level of supervision and review

due to the limited number of accounting personnel.

interim consolidated financial statements for the three months ended March 31, 2023 and 2022, we concluded that there were material weaknesses

in our internal controls over financial reporting.

A material weakness is a significant deficiency, or a combination of significant deficiencies,

in internal controls over financial reporting such that it is reasonably possible that a material misstatement of the annual or interim

financial statements will not be prevented or detected on a timely basis.

The material weaknesses identified are insufficient internal

controls because of inadequate technical accounting expertise and inappropriate level of supervision and review due to the limited number

of accounting personnel.

are continuing to take steps to remediate the material weaknesses in our internal controls over financial reporting, including hiring

a Chief Financial Officer in February 2021.

Further, we plan to enhance our processes to identify and appropriately apply applicable

accounting requirements to better evaluate and understand the nuances of the complex accounting standards that apply to our financial

Our plans at this time include providing enhanced access to accounting literature, research materials and documents and increased

communication among our personnel and third-party professionals with whom we consult regarding complex accounting applications.

of our remediation plan can only be accomplished over time, and we can offer no assurance that these initiatives will ultimately have

the intended effects.

a Chief Financial Officer, which occurred in February 2021.

Further, we plan to enhance our processes to identify and appropriately apply

applicable accounting requirements to better evaluate and understand the nuances of the complex accounting standards that apply to our

financial statements.

Our plans at this time include providing enhanced access to accounting literature, research materials and documents

and increased communication among our personnel and third-party professionals with whom we consult regarding complex accounting applications.

The elements of our remediation plan can only be accomplished over time, and we can offer no assurance that these initiatives will ultimately

have the intended effects.

in Internal Control Over Financial Reporting

4 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.

What changed 10-Q

Item 4. Controls and Procedures