Controls and Procedures
−Removed: As of the end of the period covered by
−Removed: this report, our principal executive officer and principal financial officer, evaluated the effectiveness of our “disclosure
−Removed: controls and procedures,”
−Removed: as defined in Rule 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934.
−Removed: that evaluation, we concluded that, as of the date of the evaluation, our disclosure controls and procedures were not effective
−Removed: to provide reasonable assurance that information required to be disclosed in our periodic filings under the Securities Exchange
−Removed: Act of 1934 is accumulated and communicated to management, including the officers, to allow timely decisions regarding required
−Removed: It should be noted that a control system, no matter how well designed and operated, can provide only reasonable, not
−Removed: absolute, assurance that it will detect or uncover failures within the Company to disclose material information otherwise required
−Removed: to be set forth in the Company’s periodic reports.
−Removed: During the period covered by this report,
−Removed: there were no changes in our internal control over financial reporting that have materially affected, or are reasonably likely
−Removed: to materially affect, the Company’s internal control over financial reporting.
+Added: The Company’s Chief Executive Officer
+Added: and Chief Financial Officer have evaluated the effectiveness of the Company’s disclosure controls and procedures as of December
+Added: The term “disclosure controls and procedures,”
+Added: as defined in Rule 13a-15(e) under the Securities Exchange
+Added: Act of 1934, as amended (the “Exchange Act”), means controls and other procedures of a company that are designed to
+Added: ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is
+Added: recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms.
+Added: recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of
+Added: achieving their objectives and management necessarily applies its judgment in evaluating the cost benefit relationship of possible
+Added: controls and procedures.
+Added: Based on its evaluation, management concluded as of September 30, 2019 that its disclosure controls and
+Added: procedures were not effective because of material weaknesses in our internal control over financial reporting, described below
+Added: in Management’s Report on Internal Control Over Financial Reporting.
+Added: Notwithstanding the identified material weaknesses,
+Added: management believes the financial statements included in this Annual Report on Form 10-K fairly represent in all material respects
+Added: our financial condition, results of operations and cash flows at and for the periods presented in accordance with U.S.
Part II Other Information
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.