What changed in this filing

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Item 4. Controls and Procedures

2021-08-13 compared with 2021-05-14 · 31 added, 6 removed, 25 unchanged (60% of the section changed)

2 unchanged sentences

maintain disclosure controls and procedures (as that term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act

of 1934, as amended (the “Exchange Act”)) that are designed to ensure that information required to be disclosed in our reports

under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and

of 1934, as amended (the “Exchange Act”)) that are designed to ensure that information required to be disclosed in our reports

under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and

forms, and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial

12 unchanged sentences

were not effective due to the material weaknesses in internal control over financial reporting described below.

ineffectiveness of the Company’s internal control over financial reporting was due to the following material weaknesses which are

indicative of many small companies with small number of staff:

4 unchanged sentences

of formal written policy for the approval, identification and authorization of related party transactions.

written whistleblower policy.

Plan to Remediate the Material Weakness

has been implementing and continues to implement measures designed to ensure that control deficiencies contributing to the material weaknesses

are remediated, such that these controls are designed, implemented, and operating effectively.

The remediation actions planned include:

to search for and evaluate qualified independent outside directors;

recent addition of functioning audit committee;

of our accounting processes and control procedures;

gaps in our skills base and the expertise of our staff required to meet the financial reporting requirements of a publicly-traded

and improve current accounting policies and procedures and develop a thorough document detailing said policies and procedures with

respects to the requirements and application of both U.S.

GAAP and SEC Guidelines;

and remedy gaps in our security and restricted access policies to computer systems and implement a disaster recovery plan.

are committed to maintaining a strong internal control environment and believe that these remediation efforts will represent significant

improvements in our control environment.

Our management will continue to monitor and evaluate the relevance of our risk-based approach

and the effectiveness of our internal controls and procedures over financial reporting on an ongoing basis and is committed to taking

further action and implementing additional enhancements or improvements, as necessary and as funds allow.

report on internal control over financial reporting was not subject to attestation by the Company’s registered public accounting

firm pursuant to rules of the Securities and Exchange Commission that permit a Smaller Reporting Company to provide only Management’s

report in this interim report, which may increase the risk that weaknesses or deficiencies in our internal control over financial reporting

go undetected.

in Internal Control over Financial Reporting

were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act)

during the quarter ended March 31, 2021 that materially affected, our internal control over financial reporting as of that date.

OTHER INFORMATION

during the quarter ended June 30, 2021 that materially affected, our internal control over financial reporting as of that date.

II – OTHER INFORMATION

LEGAL PROCEEDINGS

the ordinary course of our operations, we become involved in ordinary routine litigation incidental to the business.

Material proceedings

are described under Note 8, “Commitments and Contingencies” to the unaudited condensed consolidated financial statements

included elsewhere in this Quarterly Report on Form 10-Q.

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