What changed in this filing

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Item 4. Controls and Procedures

2026-05-14 compared with 2025-11-13 · 20 added, 18 removed, 23 unchanged (62% of the section changed)

1 unchanged sentence

of Disclosure Controls and Procedures

principal executive officer and principal financial officer have 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 September 30, 2025 (the “Evaluation Date”).

Based on such evaluation, those officers have concluded that, as of the Evaluation Date, our disclosure controls and procedures are ineffective

in recording, processing, summarizing and reporting, on a timely basis, information required to be included in periodic filings under

the Exchange Act and that such information is not accumulated and communicated to management, including our principal executive and financial

officers, in a manner sufficient to allow timely decisions regarding required disclosure.

principal executive and financial officer 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 March 31, 2026 (the “Evaluation Date”).

Based on such

evaluation, our principal executive and financial officer has concluded that, as of the Evaluation Date, our disclosure controls and

procedures are not effective in recording, processing, summarizing and reporting, on a timely basis, information required to be included

in periodic filings under the Exchange Act and that such information is not accumulated and communicated to management, including our

principal executive officer, in a manner sufficient to allow timely decisions regarding required disclosure.

Company has identified material weaknesses in its internal control over financial reporting.

6 unchanged sentences

None of these

deficiencies resulted in a material misstatement to the Company’s annual or interim Consolidated Financial Statements for the periods

ended September 30, 2025 and December 31, 2024.

deficiencies resulted in a material misstatement to the Company’s interim and annual Consolidated Financial Statements for the

periods ended March 31, 2026 and December 31, 2025.

has identified corrective actions to remediate such material weaknesses, which includes the implementation of proper IT system access

controls and the proper backup of the Company’s IT architecture.

In addition, the Company has outsourced certain accounting functions

to ensure proper segregation of duties over financial reporting and hired additional accounting personnel.

Management intends to continue

the implementation of procedures to remediate such material weaknesses during the fiscal year 2025;

however, the implementation of these

initiatives may not fully address any material weaknesses that we may have in our internal control over financial reporting.

Additionally, the Company has hired accounting personnel to improve

segregation of duties over financial reporting, engaged third-party experts for valuation and technical accounting services, and initiated

the implementation of Oracle NetSuite as its enterprise resource planning (ERP) system.

The implementation of Oracle NetSuite is designed

to automate user roles, permissions, and approval workflows, thereby strengthening internal controls over financial reporting.

intends to continue the implementation of procedures to remediate such material weaknesses during the fiscal year 2026;

implementation of these initiatives may not fully address any material weaknesses that we may have in our internal control over financial

Company will continue to review and improve its internal controls over financial reporting to address the underlying causes of the material

5 unchanged sentences

for the material weaknesses and the remediation efforts described above, no other change in our internal control over financial reporting

(as defined by Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the quarter ended September 30, 2025, that has materially

(as defined by Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the quarter ended March 31, 2026, that has materially

affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

2 unchanged sentences

time to time in the ordinary course of business, the Company may be subject to various claims, charges, and litigation.

As of September

30, 2025, the Company did not have any pending claims, charges or litigation that were expected to have a material adverse impact on

its financial position, results of operations or cash flows.

As of March 31,

2026, the Company did not have any pending claims, charges or litigation that were expected to have a material adverse impact on its

financial position, results of operations or cash flows.

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