1 unchanged sentence
Evaluation of Disclosure Controls and Procedures
−Removed: Pursuant to Rules 13a-15(b) and 15d-15(b) under the Securities Exchange Act, we have evaluated, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, the effectiveness of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act as of the end of the period covered by this report.
−Removed: Based on that evaluation, our Chief Executive Officer and Chief Financial Officer, concluded that, as of September 30, 2022, due to the material weaknesses in our internal control over financial reporting described below, our disclosure controls and procedures were not effective to provide reasonable assurance that the information required to be disclosed in the reports required to be filed or submitted under the Securities Exchange Act is (i) recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and (ii) accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.
−Removed: A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis.
−Removed: Management identified the material weakness in our internal control over financial reporting related to its accounting for shares surrendered to cover personal income tax liabilities, the calculation of shares issued and outstanding,
−Removed: and weighted-average shares outstanding.
−Removed: The Company did not maintain a compliment of accounting personnel with sufficient knowledge, experience and training in the application of US.
−Removed: GAAP as it relates to accounting and reporting for stock-based compensation.
−Removed: This material weakness contributed to a failure to maintain effective controls over the accounting and reporting for stock options.
−Removed: Remediation Plan
−Removed: Historically, the Company managed the administration and recordkeeping of the Company’s stock-based compensation in-house.
−Removed: Managing this complex process was unduly burdensome and directly contributed to the material weakness.
−Removed: The Company will no longer maintain the administration and recordkeeping of its stock-based compensation plans internally but instead will outsource this function to a third-party brokerage firm specializing in these tasks.
−Removed: This specialization will improve the accuracy of reporting and the Company’s legal and regulatory compliance around stock-based compensation.
−Removed: The Company has also engaged a professional services firm to oversee the implementation of a global broker-dealer firm specializing in stock-based compensation platforms, as well as provide recommendations on best practices, processes, and internal controls going forward.
−Removed: Changes in Internal Controls over Financial Reporting
−Removed: There have been no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during our most recently completed fiscal quarter that has materially affected, or are reasonably likely to materially affect, our internal control over financial reporting other than the changes described above related to the material weakness related to the accounting for stock-based compensation.
+Added: Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting as of March 31, 2023 based on the guidelines established in the "Internal Control—Integrated Framework" (2013 framework) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
+Added: Based on its assessment, management concluded that the Company's internal control over financial reporting was ineffective as of March 31, 2023 due to a material weakness in our internal control over financial reporting.
+Added: A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim consolidated financial statements will not be prevented or detected on a timely basis.
+Added: The Company did not design and maintain effective controls over the assessment of the accounting for shares held to settle tax liabilities.
+Added: Remediation of Material Weakness existing as of December 31, 2022
+Added: Our management has executed a plan to remediate the material weakness described above.
+Added: This plan includes the enhancement of existing processes and controls over the accounting for shares held to settle tax liabilities.
+Added: The material weakness will be considered remediated when management concludes that, through testing, the applicable remedial controls are operating effectively.
+Added: Changes in Internal Control over Financial Reporting
+Added: Other than described above, there have been no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the quarter ended March 31, 2023 that has materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Part II - Other Information
1 unchanged sentence
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.