20 unchanged sentences
indicative of many small companies with small number of staff:
−Removed: inadequate segregation
−Removed: of duties consistent with control objectives;
−Removed: inadequate controls related
−Removed: to revenue recognition;
−Removed: insufficient written policies
−Removed: and procedures for accounting and financial reporting with respect to the requirements and application of both U.S.
−Removed: inadequate information
−Removed: technology general controls specifically related to security, segregation of duties, user access, restricted access and change management.
+Added: segregation of duties consistent with control objectives;
+Added: controls related to revenue recognition;
+Added: written policies and procedures for accounting and financial reporting with respect to the requirements and application of both U.S.
+Added: GAAP and SEC Guidelines;
+Added: information technology general controls specifically related to security, segregation of duties, user access, restricted access and
+Added: change management.
Plan to Remediate the Material Weakness
5 unchanged sentences
The other remediation actions planned include:
−Removed: implementation of controls
−Removed: to ensure revenue is recognized upon shipment;
−Removed: further documentation and
−Removed: implementation of control procedures and the implementation of control monitoring;
−Removed: identify and remedy gaps
−Removed: in our information technology general controls specifically related to the areas of security, segregation of duties, user access,
−Removed: restricted access and change management.
+Added: implementation
+Added: of controls to ensure revenue is recognized upon shipment;
+Added: documentation and implementation of control procedures and the implementation of control monitoring;
+Added: and remedy gaps in our information technology general controls specifically related to the areas of security, segregation of duties,
+Added: user access, 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 March 31, 2023, that materially
+Added: reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) during the three months ended June 30, 2023, that materially
affected, our internal control over financial reporting as of that date.
6 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.