Item 4. Controls and Procedures
ITEM
4. CONTROLS AND PROCEDURES.
Disclosure
Controls and Procedures
Disclosure
Controls and Procedures – Our management, with the participation of our Chief Executive Officer (“CEO”) and
Chief Financial Officer (“CFO”), has evaluated the effectiveness of our disclosure controls and procedures (as such term
is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this Report.
These
controls are designed to ensure that information required to be disclosed in the reports we file or submit pursuant to the Exchange Act
is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC, and that such information
is accumulated and communicated to our management, including our CEO and CFO to allow timely decisions regarding required disclosure.
Based
on this evaluation, our CEO and CFO have concluded that our disclosure controls and procedures were effective as of June 30, 2022, at
reasonable assurance levels.
We
believe that our financial statements presented in this Form 10-Q fairly present, in all material respects, our financial position, results
of operations, and cash flows for all periods presented herein.
Inherent
Limitations – Our management team, including our CEO and CFO, does not expect that our disclosure controls and procedures
will prevent all error and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute,
assurance that the objectives of the control system are met. The design of any system of controls is based in part upon certain assumptions
about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under
all potential future conditions. Further, the design of a control system must reflect the fact that there are resource constraints, and
the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation
of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have been detected.
These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdown can occur because
of simple error or mistake. In particular, many of our current processes rely upon manual reviews and processes to ensure that neither
human error nor system weakness has resulted in erroneous reporting of financial data.
Changes
in Internal Control over Financial Reporting – There were no changes in our internal control over financial reporting during
the six months ended June 30, 2022, which were identified in conjunction with management’s evaluation required by paragraph (d)
of Rules 13a-15 and 15d-15 under the Exchange Act, that have materially affected, or are reasonably likely to materially affect, our
internal control over financial reporting.
18
PART
II. OTHER INFORMATION
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