What changed in this filing

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Item 4. Controls and Procedures

2022-06-17 compared with 2021-11-12 · 32 added, 13 removed, 5 unchanged (90% of the section changed)

1 unchanged sentence

of Disclosure Controls and Procedures

Chief Executive Officer and our Chief Financial Officer evaluated, with the participation of our management, the effectiveness of our

disclosure controls and procedures as of the end of the period covered by this Quarterly Report on Form 10-Q.

As of September 30, 2021,

our Chief Executive Officer and our Chief Financial Officer concluded that our disclosure controls and procedures, as defined in Securities

Exchange Act Rule 13a-15(e) and 15d-15(e), were effective.

disclosure controls and procedures have been formulated to ensure (i) that information that we are required to disclose in reports that

we file or submit under the Securities Exchange Act of 1934 were recorded, processed, summarized and reported within the time periods

specified in Securities and Exchange Commission rules and forms and (ii) that the information required to be disclosed by us is accumulated

and communicated to our management, including our Chief Executive Officer and our Chief Financial Officer, as appropriate, to allow timely

decisions regarding required disclosures.

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

Based on that evaluation, our Chief Executive Officer and Chief Financial Officer, concluded that, as of March 31, 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.

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.

identified the following material weaknesses 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, and weighted-average

shares outstanding.

The Company did not maintain a compliment of accounting personnel with sufficient knowledge, experience and training

in the application of US.

GAAP as it relates to accounting and reporting for equity compensation.

This material weakness

contributed to a failure to maintain effective controls over the accounting and reporting for stock options.

Historically,

the Company managed the administration and recordkeeping of the Company’s equity compensation in-house.

this complex process was unduly burdensome and directly contributed to the material weakness.

in the second quarter of 2022, the Company will no longer maintain the administration and recordkeeping of its equity compensation plans

internally but instead will outsource this function to a third-party brokerage firm specializing in these tasks.

This specialization will improve the accuracy of reporting and the Company’s legal and regulatory compliance around equity compensation.

Company has also engaged a professional services firm to oversee the implementation of a global broker-dealer firm specializing

in equity compensation platforms, as well as provide recommendations on best practices, processes, and internal controls going

in Internal Controls over Financial Reporting

was no change in our internal controls over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act)

during the third quarter of 2021 covered by this Quarterly Report on Form 10-Q that have materially affected, or are reasonably likely

to materially affect, our internal controls over financial reporting.

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 equity compensation.

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.

What changed 10-Q

Item 4. Controls and Procedures