What changed in this filing

/stocks — the workspaceLOADING

Item 4. Controls and Procedures

2021-11-15 compared with 2021-05-17 · 34 added, 38 removed, 10 unchanged (88% of the section changed)

Controls and Procedures.

Evaluation of Disclosure Controls

and Procedures

Evaluation of Disclosure Controls and Procedures

Our Principal Executive

Officer and Chief Financial Officer (the “Certifying Officers”) are responsible for establishing and maintaining disclosure

controls and procedures for the Company.

2 unchanged sentences

The Certifying Officers

are responsible for establishing and maintaining adequate internal control over financial reporting for the Company used the “Internal

Control over Financial Reporting Integrated Framework”

issued by Committee of Sponsoring Organizations (“COSO”)

to conduct an extensive review of the Company’s “disclosure controls and procedures”

(as defined in the Exchange

Act, Rules 13a-15(e) and 15-d-15(e)) as of the end of each of the periods covered by this Report (the “Evaluation Date”).

Based upon that evaluation, the Certifying Officers concluded that, as of March 31, 2021, our disclosure controls and procedures

were not effective in ensuring that the information we were required to disclose in reports that we file or submit under the Securities

and Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in SEC

rules and forms.

The deficiencies are attributed to the fact that the Company does not have adequate resources to address complex

accounting issues, as well as an inadequate number of persons to whom it can segregate accounting tasks within the Company so as

to ensure the segregation of duties between those persons who approve and issue payment from those persons who are responsible

to record and reconcile such transactions within the Company’s accounting system.

These control deficiencies will be monitored

and attention will be given to the matter as we continue to accelerate through our current growth stage.

are responsible for establishing and maintaining adequate internal control over financial reporting for the Company used the

“Internal Control over Financial Reporting Integrated Framework” issued by the Committee of Sponsoring Organizations

(“COSO”) to conduct an extensive review of the Company’s “disclosure controls and procedures” (as

defined in the Exchange Act, Rules 13a-15(e) and 15-d-15(e)) as of the end of each of the periods covered by this Report (the “Evaluation

Based upon that evaluation, the Certifying Officers concluded that, as of September 30, 2021, our disclosure controls

and procedures were not effective in ensuring that the information we were required to disclose in reports that we file or submit

under the Securities and Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods

specified in SEC rules and forms.

The deficiency is attributed to the fact that the Company does not have an adequate number of

persons to whom it can segregate accounting tasks within the Company so as to ensure the segregation of duties between those

persons who approve and issue payment from those persons who are responsible to record and reconcile such transactions within the

Company’s accounting system.

This control deficiency will be monitored and attention will be given to this matter as we increase

our personnel.

The Certifying Officers

based their conclusion on the fact that the Company has identified material weaknesses in controls over financial reporting, detailed

In order to reduce the impact of these weaknesses to an acceptable level, the Company has contracted with consultants with

expertise in U.S.

GAAP and SEC financial reporting standards to review and compile all financial information prior to filing that

information with the SEC.

However, even with the added expertise of these consultants, we still expect to be deficient in our internal

controls over disclosure and procedures until sufficient capital is available to hire the appropriate internal accounting staff

and individuals with requisite GAAP and SEC financial reporting knowledge.

There have been no significant changes in internal controls

or in other factors that could significantly affect internal controls subsequent to the date of their evaluation, including any

corrective actions with regard to significant deficiencies and material weaknesses.

based their conclusion on the fact that the Company has identified a material weakness in controls over financial reporting, detailed

We expect to be deficient in our internal controls over disclosure and procedures until sufficient capital is available

to hire the appropriate internal accounting staff.

Changes in Internal Controls

There have been

no changes in our internal controls over financial reporting during the nine months ended March 31, 2021 that have materially affected

There have been no changes

in our internal controls over financial reporting during the three months ended September 30, 2021 that have materially affected

or are reasonably likely to materially affect our internal controls.

PART II —

OTHER INFORMATION

PART II — OTHER INFORMATION

Legal Proceedings.

There are presently

no material pending legal proceedings other than in the ordinary course of business to which the Company or any of its subsidiaries,

is a party or as to which any of its property is subject, and no such proceedings are known to the Company to be threatened or

contemplated against it.

There are presently no material

pending legal proceedings other than in the ordinary course of business to which the Company or any of its subsidiaries, is a party

or as to which any of its property is subject, and no such proceedings are known to the Company to be threatened or contemplated

Risk Factors.

Risk factors that may affect

our business and financial results are discussed within Item 1A ”Risk Factors” of our annual report for the fiscal

year ended June 30, 2021 on Form 10-K (“2021 Form 10-K”) filed with the SEC on September 24, 2021.

have been no material changes to the disclosures relating to this item from those set forth in our 2021 Form 10-K.

Unregistered Sales of Equity Securities and Use of Proceeds.

Defaults Upon Senior Securities.

Mine Safety Disclosures.

Not applicable.

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