What changed in this filing

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Item 4. Controls and Procedures

2024-05-20 compared with 2023-11-20 · 29 added, 28 removed, 10 unchanged (85% of the section changed)

2 unchanged sentences

Our management, with the participation of our

Chief Executive Officer and Chief Financial Officer, our principal executive officer and principal financial officer, respectively, evaluated

the effectiveness of our disclosure controls and procedures as 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.

Disclosure controls and procedures include, without limitation, controls and procedures

designed to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange

Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such

information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate,

to allow timely decisions regarding required disclosure.

Based on this evaluation, our Chief Executive Officer and Chief Financial Officer

concluded that, as of September 30, 2023, our disclosure controls and procedures were not effective due to a material weakness in our

internal control over financial reporting.

Specifically, we currently lack sufficient accounting personnel with the appropriate level

of knowledge, experience and training in U.S.

Chief Executive Officer and Chief Financial Officer, our principal executive officer and principal interim financial officer, respectively,

evaluated the effectiveness of our disclosure controls and procedures as 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.

Disclosure controls and procedures include, without limitation, controls and

procedures designed to provide reasonable assurance that information we are required to disclose in reports that we file or submit under

the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms,

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

Officer, as appropriate, to allow timely decisions regarding required disclosure.

Based on this evaluation, our Chief Executive Officer

and Chief Financial Officer concluded that, as of March 31, 2024, our disclosure controls and procedures were not effective due to a

material weakness in our internal control over financial reporting.

Specifically, we currently lack sufficient accounting personnel with

the appropriate level of knowledge, experience and training in U.S.

GAAP and SEC reporting requirements.

We have taken, and are taking, certain actions to remediate the material

weakness related to our lack of U.S.

We have taken, and are taking, certain actions

to remediate the material weakness related to our lack of U.S.

GAAP experience.

We have engaged an outside consultant with U.S.

GAAP knowledge and experience to

supplement our current internal accounting personnel and assist us in the preparation of our financial statements to ensure that our financial

statements are prepared in accordance with U.S.

We also engaged an internal control consulting firm in July 2023 to review, test

and improve our internal accounting controls and internal control over financial reporting.

We are also arranging additional training

of internal control for our employees and management on disclosure controls and procedures.

We believe the measures described above will

remediate the material weakness.

As we continue to evaluate and work to improve our internal control over financial reporting, we may

determine that additional measures.

GAAP knowledge

and experience to supplement our current internal accounting personnel and assist us in the preparation of our financial statements to

ensure that our financial statements are prepared in accordance with U.S.

We also engaged an internal control consulting firm in

July 2023 to review, test and improve our internal accounting controls and internal control over financial reporting which has issued

a report in early January 2024.

We have adopted and are implementing policies, procedures and practices recommended in the report of the

consultant and have arranged training of internal control for our employees and management on disclosure controls and procedures.

believe the measures described above will remediate the material weakness from the quarter identified above.

The Company continues to

make efforts to implementing its existing and newly adopted procedures to improve our disclosure controls and internal controls over financing

As we continue to evaluate and work to improve our internal control over financial reporting, we may determine that additional

Changes to Internal Control over Financial

1 unchanged sentence

in our internal control over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) of the Exchange Act) that occurred during

the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over

financial reporting.

the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control

over financial reporting.

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.

What changed 10-Q

Item 4. Controls and Procedures