What changed in this filing

/stocks — the workspaceLOADING

Item 4. Controls and Procedures

2022-05-16 compared with 2021-11-15 · 34 added, 21 removed, 2 unchanged (96% of the section changed)

AND PROCEDURES

of the end of the period covered by this report, the Company conducted 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 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.

As of the end of the period covered by

this report, the Company conducted an evaluation under the supervision of the Company's Chief Executive Officer and 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 Chief Executive

Officer and President (and principal financial officer) have concluded that the disclosure controls and procedures as of the end of

the period covered by this report are not effective.

As described in the Company’s Annual Report on Form 10-K filed with the

Securities and Exchange Commission on March 31, 2022, our Chief Executive Officer and President (principal

financial officer) concluded that, as of December 31, 2021, our internal control over financial reporting was 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.

Upon hiring the Chief Accounting Officer

in October 2021, additional controls were implemented, and other controls were enhanced as initial steps to mitigate the risk of a material

weakness on a go-forward basis.

In the first quarter of 2022, the Chief Accounting Officer engaged an outside company to undertake an

internal controls review.

This review is scheduled to conclude in the second quarter of 2022.

Controls that would strengthen the Company’s

internal control structure that are identified during the course of the review are being implemented on an ongoing basis.

Changes in Internal

Control Over Financial Reporting

New and enhanced controls

have been implemented in 2022 as identified by the Chief Accounting Officer to aid in the mitigation of the weakness discussed in the

Annual Report on the Form 10-K that was filed on March 31, 2022.

It is management’s expectation that the Company will implement

enhanced controls throughout 2022 with additional controls implemented as they are identified by the outside consultants.

Management will

continue to diligently and rigorously review the financial reporting controls and procedures on an ongoing basis.

OTHER INFORMATION

Sales of Equity Securities and Use of Proceeds

Upon Senior Securities

Safety Disclosures

Legal Proceedings

For information

regarding legal proceedings, see Note 14 of the Notes to Unaudited Condensed Consolidated Financial Statements in this Quarterly

Report on Form 10-Q.

Not applicable.

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