What changed in this filing

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Item 4. Controls and Procedures

2025-11-14 compared with 2025-08-14 · 26 added, 17 removed, 52 unchanged (45% of the section changed)

13 unchanged sentences

the supervision and with the participation of management, including our Chief Executive Officer and our Chief Financial Officer, we evaluated

the effectiveness of our disclosure controls and procedures as of June 30, 2025.

Based upon their evaluation, our Chief Executive Officer

and our Chief Financial Officer concluded that, as of June 30, 2025, our disclosure controls and procedures were not effective because

of the material weaknesses in our internal control over financial reporting described in Item 9A of Part II of our Annual Report on Form

10-K for the year ended December 31, 2024, which have not yet been remediated as of June 30, 2025.

the effectiveness of our disclosure controls and procedures as of September 30, 2025.

Based upon their evaluation, our Chief Executive

Officer and our Chief Financial Officer concluded that, as of September 30, 2025, our disclosure controls and procedures were not effective

because of the material weaknesses in our internal control over financial reporting described in Item 9A of Part II of our Annual Report

on Form 10-K for the year ended December 31, 2024, which have not yet been remediated as of September 30, 2025.

Weaknesses Remediation Plan and Status

previously described in Item 9A of our Annual Report on Form 10-K in a previous year, we began implementing a remediation

plan to address the material weaknesses identified in the prior year, and our management continues to be actively engaged in the remediation

previously described in Item 9A of our Annual Report on Form 10-K in a previous year, we began implementing a remediation plan to address

the material weaknesses identified in the prior year, and our management continues to be actively engaged in the remediation efforts.

previously disclosed, in 2020, we began a multi-year implementation of a new ERP system, which will replace our existing core financial

31 unchanged sentences

in Internal Control Over Financial Reporting

discussed above, in 2020 we began a multi-year implementation of a new ERP system which fully replaced our legacy financial systems in

The ERP system is designed to accurately maintain the Company’s financial records, enhance the flow of financial information,

improve data management and provide timely information to our management team.

Subsequent to implementation of the new ERP system, we

are continuing to change certain processes and procedures which, in turn, are expected to result in changes to our internal control over

financial reporting.

As such changes occur, we will evaluate quarterly whether such changes materially affect our internal control over

financial reporting.

were no other changes to our internal control over financial reporting that occurred during the quarter ended June 30, 2025 that have

materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

In 2020 we began a multi-year implementation of

a new enterprise resource planning system that fully replaced our legacy financial systems in 2023.

The new system is designed to maintain

accurate financial records, improve the flow of financial information, strengthen data management, and provide timely information to management.

Since implementation, we have continued to refine processes and procedures, which may result in changes to our internal control over financial

We evaluate these changes each quarter to determine whether they materially affect internal control over financial reporting.

There were no changes in our internal control

over financial reporting during the quarter ended September 30, 2025 that materially affected, or are reasonably likely to materially

affect, our internal control over financial reporting.

Subsequent to quarter end, the Company established

a digital asset treasury and expects to begin holding crypto assets during the fourth quarter of 2025.

These activities require additional

controls over digital asset custody, valuation, and reporting.

Management is designing and implementing these controls as part of the

broader remediation plan.

While we continue to make progress in remediating

the previously identified material weakness, the addition of new control areas related to digital asset activities may extend the timeline

for full remediation.

We will provide updates as implementation progresses.

OTHER INFORMATION

3 unchanged sentences

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