What changed in this filing

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Item 4. Controls and Procedures

2023-03-17 compared with 2023-03-17 · 23 added, 23 removed, 31 unchanged (60% of the section changed)

2 unchanged sentences

which includes our President, Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of our disclosure

controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the

“Exchange Act”)) as of the end of the period covered by this report.

Based upon that evaluation, our President, Chief

Executive Officer and Chief Financial Officer concluded that the disclosure controls and procedures were not effective due to

multiple material weaknesses discussed below.

Notwithstanding such material weaknesses, we believe the financial information

presented herein is materially correct and fairly presents the financial position and operating results of the quarter ended January 31, 2021.

previously disclosed in Item 9A of our Annual Report on Form 10-K for the fiscal year ended October 31, 2020, management has identified

material weaknesses as of that date.

The identified material weaknesses related to the accounting for stock-based compensation awards

and inventories at one of our subsidiaries.

further concluded, based upon our restatement, that our annual financial statements during the fiscal year ended October 31, 2020

inaccurately accounted for certain intercompany eliminations in our consolidated statements of operations.

As a result, we

determined that there was an overstatement of net sales and cost of sales in the consolidated statement of operations in our condensed consolidated

financial statements for the three and nine month period ended July 31, 2020.

This was due to inadequate design and implementation of controls to

evaluate and monitor the presentation and compliance with accounting principles generally accepted in the United States of America

related to the statement of operations.

controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange

Act”)) as of the end of the period covered by this report.

Based upon that evaluation, our President, Chief Executive Officer and

Chief Financial Officer concluded that the disclosure controls and procedures were not effective due to multiple material weaknesses

discussed below.

Notwithstanding such material weaknesses, we believe the financial information presented herein is materially correct

and fairly presents the financial position and operating results of the quarter ended April 30, 2021.

As previously disclosed in

Item 9A of our Annual Report on Form 10-K for the fiscal year ended October 31, 2020, management has identified material weaknesses as

of that date.

The identified material weaknesses related to the accounting for stock-based compensation awards and inventories at one

of our subsidiaries.

We further concluded, based upon our restatement, that our annual financial

statements during the fiscal year ended October 31, 2020 inaccurately accounted for certain intercompany eliminations in our consolidated

statements of operations.

As a result, we determined that there was an overstatement of net sales and cost of sales in the consolidated

statement of operations in our condensed consolidated financial statements for the three and six month periods ended April 30, 2020.

was due to inadequate design and implementation of controls to evaluate and monitor the presentation and compliance with accounting principles

generally accepted in the United States of America related to the statement of operations.

A “material weakness” is a deficiency, or combination of deficiencies, in internal

25 unchanged sentences

in Internal Control over Financial Reporting

than the changes intended to remediate the material weakness as discussed above and in Part II, Item 9A of our Annual Report on Form

10-K for the year ended October 31, 2020, there was no change in our internal control over financial reporting (as defined in Rules 13a-15(f)

and 15d-15(f) under the Exchange Act) during the fiscal quarter ended July 31, 2021 that has materially affected, or is reasonably likely

to materially affect, our internal control over financial reporting.

than the changes intended to remediate the material weaknesses as discussed above and in Part II, Item 9A of our Annual Report

on Form 10-K for the year ended October 31, 2020, there was no change in our internal control over financial reporting (as defined in

Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fiscal quarter ended April 30, 2021 that has materially affected, or

is reasonably likely to materially affect, our internal control over financial reporting.

II - OTHER INFORMATION

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/A

Item 4. Controls and Procedures