What changed in this filing

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Item 4. Controls and Procedures

2021-05-10 compared with 2020-11-12 · 37 added, 30 removed, 8 unchanged (89% of the section changed)

CONTROLS AND PROCEDURES

AND PROCEDURES

Evaluation of Disclosure Controls

Under the supervision and with the participation

of our management, including our principal executive officer and principal financial officer, we have conducted an evaluation of

the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a15(e) and 15d15(e)

under the Securities and Exchange Act of 1934, at the end of the period covered by this report.

Based on this evaluation, our principal

executive officer and principal financial officer concluded as of the evaluation date that our disclosure controls and procedures

were effective such that the material information required to be included in our Securities and Exchange Commission reports is

recorded, processed, summarized and reported within the time periods specified in SEC rules and forms relating to our company,

particularly during the period when this report was being prepared.

Our management concluded we did not maintain

effective controls over the Company’s financial reporting.

The material weaknesses in our internal control over financial

reporting, caused principally by inadequate staffing and technical expertise in key positions, resulted in overly relying on outside

consultants to make numerous adjustments to our financial statements.

Additionally, the significant deficiencies or material weaknesses

could result in future material misstatement of the consolidated financial statements that would not be prevented or detected.

Management has concluded that the identified control deficiencies constitutes a material weakness.

of our management, including our principal executive officer and principal financial officer, we have conducted an evaluation of the effectiveness

of the design and operation of our disclosure controls and procedures, as defined in Rules 13a15(e) and 15d15(e) under the Securities

and Exchange Act of 1934, at the end of the period covered by this report.

Based on this evaluation, our principal executive officer and

principal financial officer concluded as of the evaluation date that our disclosure controls and procedures were effective such that the

material information required to be included in our Securities and Exchange Commission reports is recorded, processed, summarized and

reported within the time periods specified in SEC rules and forms relating to our company, particularly during the period when this report

was being prepared.

Our management concluded we did not maintain effective

controls over the Company’s financial reporting.

The material weaknesses in our internal control over financial reporting, caused

principally by inadequate staffing and technical expertise in key positions, resulted in overly relying on outside consultants to make

numerous adjustments to our financial statements.

Additionally, the significant deficiencies or material weaknesses could result in future

material misstatement of the consolidated financial statements that would not be prevented or detected.

Management has concluded that

the identified control deficiencies constitutes a material weakness.

Changes in internal control over financial

There were no changes in our internal control

over financial reporting during our most recent fiscal quarter that materially affected, or were reasonably likely to materially

affect, our internal control over financial reporting.

Limitations on the Effectiveness of

Internal Controls

Disclosure controls and procedures, no

matter how well designed and implemented, can provide only reasonable assurance of achieving an entity's disclosure objectives.

The likelihood of achieving such objectives is affected by limitations inherent in disclosure controls and procedures.

These include

the fact that human judgment in decision-making can be faulty and that breakdowns in internal control can occur because of human

failures such as simple errors or mistakes or intentional circumvention of the established process.

over financial reporting during our most recent fiscal quarter that materially affected, or were reasonably likely to materially affect,

our internal control over financial reporting.

Limitations on the Effectiveness of Internal

Disclosure controls and procedures, no matter

how well designed and implemented, can provide only reasonable assurance of achieving an entity's disclosure objectives.

The likelihood

of achieving such objectives is affected by limitations inherent in disclosure controls and procedures.

These include the fact that human

judgment in decision-making can be faulty and that breakdowns in internal control can occur because of human failures such as simple errors

or mistakes or intentional circumvention of the established process.

OTHER INFORMATION

LEGAL PROCEEDINGS

We were not subject to any new legal proceedings

during the nine months ended September 30, 2020 and there are currently no new legal proceedings, to which we are a party, which

could have a material adverse effect on our business, financial condition or operating results.

during the three months ended March 31, 2021 and there are currently no new legal proceedings, to which we are a party, which could have

a material adverse effect on our business, financial condition or operating results.

We are a smaller reporting company as defined

by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

SALES OF EQUITY SECURITIES AND USE OF PROCEEDS .

No shares or common stock were sold during the

three months ended March 31, 2021.

UPON SENIOR SECURITIES

securities were issued and outstanding during the three-month periods ended March 31, 2021 or 2020.

SAFETY DISCLOSURES

Not applicable to our Company.

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