Item 4. Controls and Procedures
Item 4. 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. The Certifying Officers have designed such disclosure controls and procedures to ensure
that material information is made known to them, particularly during the period in which this Report was prepared.
The Certifying Officers
are responsible for establishing and maintaining adequate internal control over financial reporting for the Company and 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
Date”). Based upon that evaluation, the Certifying Officers concluded that, as of September 30, 2022, 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 Company not having adequate resources to address complex
accounting matters. This control deficiency will be monitored, and attention will be given to this matter as we grow.
The Certifying Officers
based their conclusion on the fact that the Company has identified a material weakness in controls over financial reporting, detailed
above. We expect to be deficient in our disclosure controls 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 three months ended September 30, 2022, that have materially affected
or are reasonably likely to materially affect our internal controls.
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PART II — OTHER INFORMATION
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.