What changed in this filing

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Item 4. Controls and Procedures

2023-11-13 compared with 2022-11-14 · 31 added, 21 removed, 6 unchanged (90% of the section changed)

2 unchanged sentences

to the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities

and Exchange Commission, and that such information is accumulated and communicated to our management, including our Chief Executive Officer

and our Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

In designing and evaluating

the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated,

can provide only reasonable assurance of achieving the desired control objectives, as ours are designed to do, and management necessarily

was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

and Exchange Commission, and that such information is accumulated and communicated to our management, including our Executive Chairman

of the Company, as appropriate, to allow timely decisions regarding required disclosure.

In designing and evaluating the disclosure controls

and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable

assurance of achieving the desired control objectives, as ours are designed to do, and management necessarily was required to apply its

judgment in evaluating the cost-benefit relationship of possible controls and procedures.

connection with the preparation of this Quarterly Report on the Form 10-Q, we carried out an evaluation, under the supervision and with

the participation of our management including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design

and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act as of September

Based upon that evaluation and other than as disclosed herein, our Chief Executive Officer and Chief Financial Officer concluded

that our disclosure controls and procedures were effective as of the end of the period covered by this report.

our preparation of our Annual Report on Form 10-K/A for the year ended December 31, 2021, we identified material weaknesses with financial

reporting to account for inventory transactions.

These material weaknesses could result in the Company incorrectly reporting its inventory.

To remediate the material weaknesses, the Company is instituting reporting enhancements within its accounting system, standardized and

timely account reconciliations, and independent and regular reviews by the finance department to ensure the Company inventory records

are complete and accurate.

The material weaknesses will not be considered remediated until the applicable controls operate for a sufficient

period of time and management has concluded, through testing, that these controls are operating effectively.

We expect that the remediation

of these material weaknesses will be completed before the end of 2022.

than as disclosed herein, there were no changes in our internal control over financial reporting during the three months ended September

the participation of our management including our Executive Chairman of the Company, of the effectiveness of the design and operation

of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act as of June 30, 2023.

upon that evaluation and other than as disclosed herein, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure

controls and procedures were effective as of the end of the period covered by this report.

our preparation of our Annual Report on Form 10-K for the year ended December 31, 2023, we identified a material weakness with financial

reporting whereby the Company did not have properly designed internal controls over timely preparation

and independent review of account analyses, account summaries and account reconciliations.

These internal control failures resulted in

material adjustments required to properly state expense, inventory, deferred revenue, accrued expenses, accounts receivables, and revenues

as of and for the year ending December 31, 2022.

This material weakness could result in the Company incorrectly reporting its condensed

consolidated balance sheets, condensed consolidated

statement of operations, condensed stockholder’s equity, and condensed consolidated

statements of cash flows.

To remediate the material weakness, the Company is instituting

reporting enhancements within its accounting system, standardized and timely account reconciliations, and independent and regular reviews

by the finance department to ensure the Company records are complete and accurate.

In addition, the Company will hire an additional resource

to provide additional oversight in the reviews and completion of timely analysis and reconciliations.

The material weakness will not

be considered remediated until the applicable remedial controls operate for a sufficient period of time and management has concluded,

through testing, that these controls are operating effectively.

We expect that the remediation of this material weakness will be completed

before the end of 2023.

than as disclosed herein, there were no changes in our internal control over financial reporting during the three months ended June 30,

2023 that have affected, or are reasonably likely to affect, our internal control over financial reporting.

1 unchanged sentence

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