22 unchanged sentences
of duties consistent with control objectives;
+Added: inadequate controls related
+Added: to revenue recognition;
insufficient written policies
−Removed: and procedures for accounting and financial reporting with respects to the requirements and application of both U.S.
−Removed: inadequate security and
−Removed: restricted access to computer systems including a disaster recovery plan.
+Added: and procedures for accounting and financial reporting with respect to the requirements and application of both U.S.
+Added: inadequate information
+Added: technology general controls specifically related to security, segregation of duties, user access, restricted access and change management.
+Added: 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.
−Removed: The Company has added a functioning audit
−Removed: committee and adopted written policies on related party transactions and whistleblower protection.
−Removed: Additionally, the Company has added
−Removed: qualified independent outside directors and hired additional qualified officers and skilled accounting personnel.
−Removed: The other remediation
−Removed: actions planned include:
−Removed: re-design of our accounting
−Removed: processes and control procedures;
+Added: The Company has formally documented its
+Added: procedures for many of the significant accounting and financial reporting processes, in addition to, identifying and remediating design
+Added: deficiencies in its processes.
+Added: The other remediation actions planned include:
+Added: implementation of controls
+Added: to ensure revenue is recognized upon shipment;
further documentation and
1 unchanged sentence
identify and remedy gaps
−Removed: in our security and restricted access policies to computer systems and implement a disaster recovery plan.
+Added: in our information technology general controls specifically related to the areas of security, segregation of duties, user access,
+Added: restricted access and change management.
in Internal Control over Financial Reporting
2 unchanged sentences
Other than those measures, there were no changes in our internal control over financial
−Removed: reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) during the three months ended September 30, 2022, that
−Removed: materially affected, our internal control over financial reporting as of that date.
+Added: reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) during the three months ended March 31, 2023, that materially
+Added: affected, our internal control over financial reporting as of that date.
II – OTHER INFORMATION
5 unchanged sentences
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.