Innovaro, Inc. 10-Q/A

ITEM 4. Controls and Procedures Disclosure Controls and Procedures As of the end of the period covered by this Quarterly Report on Form 10-Q/A, our chief executive officer and chief financial officer conducted an evaluation of the effectiveness of the design and operation of the Company’s disclosure controls and procedures, (as is defined in Rules 13a-15(e) under the Securities Exchange Act of 1934). Based on their evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were effective such that the information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms and such that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure. 18 Table of Contents Internal Control over Financial Reporting There have been no changes in our internal control over financial reporting (as defined in Rule13a-15(f) of the Securities Exchange Act of 1934) that occurred during the most recently completed fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. PART II. OTHER INFORMATION ITEM 1. Legal Proceedings Although we may from time to time be involved in litigation and claims arising out of our operations in the normal course of our business, as of March 31, 2011, we were not a party to any material pending legal proceedings. ITEM 1A. Risk Factors There have been no material changes to the risk factors previously disclosed in the Company’s Annual Report of Form 10-K for the year ended December 31, 2010. ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds None. ITEM 3. Defaults upon Senior Securities None. ITEM 4. Reserved