What changed in this filing

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Item 4. Controls and Procedures

2021-08-23 compared with 2021-05-17 · 20 added, 25 removed, 3 unchanged (94% of the section changed)

CONTROLS AND PROCEDURES

As of the end of the period covered by

this report, the Company carried out an evaluation under the supervision of the Company's President (and principal financial

officer) of the effectiveness of the design and operation of the Company's disclosure controls and procedures pursuant to Securities

Exchange Act Rules 13a - 15(e) and 15d - 15(e).

Based on this evaluation, the Company's President (and principal financial officer)

has concluded that the disclosure controls and procedures as of the end of the period covered by this report are not effective.

described in the Company‘s Annual Report on Form 10-K filed with the Securities and Exchange commission (the

“SEC”) on March 31, 2021, our Chief Executive Officer and President (principal financial officer) concluded that, as of

December 31, 2020, our reporting and disclosure controls and procedures were not effective at a reasonable assurance level as we do

not have sufficient resources in our accounting function, which restricts the Company’s ability to gather, analyze and

properly review information related to financial reporting in a timely manner.

In addition, due to our size and nature, segregation

of all conflicting duties may not always be possible and may not be economically feasible.

The Company engaged a financial

consultant during the quarter to assist with the evaluation of its disclosure controls and procedures and will continue to perform

additional analysis and procedures to implement appropriate disclosure controls and procedures.

Notwithstanding the assessment

that our disclosure controls and procedures were not effective, we believe that our condensed consolidated financial statements

fairly present our consolidated financial position, results of operations and cash flows for the periods thereby covered in all

material respects.

of the end of the period covered by this report, the Company carried out an evaluation under the supervision of the Company's President

(and principal financial officer) of the effectiveness of the design and operation of the Company's disclosure controls and procedures

pursuant to Securities Exchange Act Rules 13a - 15(e) and 15d - 15(e).

Based on this evaluation, the Company's President (and principal

financial officer) has concluded that the disclosure controls and procedures as of the end of the period covered by this report are not

As described in the Company‘s Annual Report on Form 10-K filed with the Securities and Exchange commission (the “SEC”)

on March 31, 2021, our Chief Executive Officer and President (principal financial officer) concluded that, as of December 31, 2020, our

reporting and disclosure controls and procedures were not effective at a reasonable assurance level as we do not have sufficient resources

in our accounting function, which restricts the Company’s ability to gather, analyze and properly review information related to

financial reporting in a timely manner.

In addition, due to our size and nature, segregation of all conflicting duties may not always

be possible and may not be economically feasible.

The Company engaged a financial consultant during the first quarter to assist with

the evaluation of its disclosure controls and procedures and will continue to perform additional analysis and procedures to implement

appropriate disclosure controls and procedures.

Notwithstanding the assessment that our disclosure controls and procedures were not effective,

we believe that our condensed consolidated financial statements fairly present our consolidated financial position, results of operations

and cash flows for the periods thereby covered in all material respects.

OTHER INFORMATION

Legal Proceedings

Not applicable.

Sales of Equity Securities and Use of Proceeds

Defaults Upon Senior Securities

Mine Safety Disclosures

Not applicable.

Upon Senior Securities

Safety Disclosures

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