5 unchanged sentences
Further, because of changes in conditions, the effectiveness of our internal controls may vary over time.
−Removed: Our management evaluated, with the participation of our chief executive officer and chief financial officer, the effectiveness of our disclosure controls and procedures as of June 30, 2024.
+Added: Our management evaluated, with the participation of our chief executive officer and chief financial officer, the effectiveness of our disclosure controls and procedures as of September 30, 2024.
Based on this evaluation, our chief executive officer and our chief financial officer have concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were not effective to accomplish their objectives at the reasonable assurance level due to the material weaknesses described below.
2 unchanged sentences
As reported in our Form 10-Q for the quarter ended March 31, 2024, as filed with the SEC on May 24, 2024, management identified material weaknesses in our internal controls over financial reporting that existed because the company did not have sufficient resources which in turn led to an inability to effectively perform certain control activities and fulfill its internal control and accounting responsibilities.
−Removed: As of June 30, 2024, the previously identified material weaknesses in our internal controls over financial reporting had not been remediated.
+Added: As of September 30, 2024, the previously identified material weaknesses in our internal controls over financial reporting had not been remediated.
Management believes that the condensed consolidated and combined financial statements and related financial information included in this Form 10-Q fairly present, in all material respects, our balance sheets, statements of operations, comprehensive income and cash flows as of and for the periods presented.
12 unchanged sentences
The Company is in the process of implementing certain changes in its internal controls to remediate the material weaknesses described above.
−Removed: There has been no change in the Company’s internal control over financial reporting during the quarter ended June 30, 2024 that has materially affected or is reasonably likely to materially affect its internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act).
+Added: There has been no change in the Company’s internal control over financial reporting during the quarter ended September 30, 2024 that has materially affected or is reasonably likely to materially affect its internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act).
PART II – OTHER INFORMATION
Legal Proceedings
−Removed: See Note 9 - Commitments and Contingent Liabilities to the condensed consolidated and combined financial statements, above, which is incorporated herein by reference.
+Added: See Note 8 - Commitments and Contingent Liabilities to the condensed consolidated and combined financial statements, which is incorporated herein by reference.
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.