What changed in this filing

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Item 4. Controls and Procedures

2024-11-08 compared with 2024-05-02 · 34 added, 29 removed, 19 unchanged (77% of the section changed)

10 unchanged sentences

is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

Our management, with the participation of

our Chief Executive Officer and our Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures as

of March 31, 2024.

Based on such evaluation our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure

controls and procedures were not effective as of March 31, 2024 due to the material weakness identified and described below.

of the material weaknesses described below, management performed additional analysis and other procedures to ensure that our interim Unaudited

Condensed Consolidated Financial Statements were prepared in accordance with U.S.

generally accepted accounting principles (“U.S.

Accordingly, management believes that the Unaudited Condensed Consolidated Financial Statements included in this Report

fairly present, in all material respects, our financial position, results of operations, and cash flows as of and for the periods presented,

in accordance with U.S.

Our management, with the participation of our

Chief Executive Officer and our Interim Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures

as of September 30, 2024.

Based on such evaluation our Chief Executive Officer and Interim Chief Financial Officer have concluded that

our disclosure controls and procedures were effective as of September 30, 2024.

Refer to the additional discussion below regarding the

remediation of the previously disclosed material weakness.

Material Weakness in Internal Control Over

Financial Reporting

As previously reported in our management’s

report on internal control over financial reporting within our Annual Report on Form 10-K for the fiscal year ended June 30, 2023, we

identified a material weakness in internal control related to the design and implementation of information technology general controls

related to the Company’s information systems that are relevant to the preparation of consolidated financial statements.

Specifically,

we did not design and maintain user access controls to adequately restrict user access to the financial application and data to appropriate

Company personnel.

Remediation Efforts to Address the Material

Weaknesses Existing in the Current Period

Management has initiated a remediation plan to enhance the design of

information technology general controls related to user access by implementing controls over user access including monitoring controls

and enforcing proper segregation of duties within IT environments based on roles and responsibilities.

The material weakness will not

be considered remediated until the controls have operated effectively, as evidenced through testing, for a sufficient number of instances.

As reported in our management’s report on internal control over financial

reporting within our Annual Report on Form 10-K for the fiscal year ended June 30, 2023, we identified a material weakness in internal

control related to the design and implementation of information technology general controls related to the Company’s information

systems that are relevant to the preparation of consolidated financial statements.

Specifically, management did not design and maintain

user access controls to ensure appropriate segregation of duties and to adequately restrict user access to financial applications and

During the fiscal year ended June 30, 2024, management implemented its

previously disclosed remediation plan to enhance the design of information technology general controls (“ITGCs”) related to

user access and proper segregation of duties.

This plan included:

Modifying user rights to significantly restrict access to certain key financial applications and functionality.

Implementing additional review and approval requirements within the financial systems workflow.

Creating new audit reports that require management review and approval of changes made to key attributes within the financial application.

Improving and maintaining documentation underlying ITGCs to promote knowledge transfer upon personnel and function changes.

Implementing an IT management review and testing plan to monitor user access, specifically focusing on financial applications.

As of June 30, 2024, management had implemented

the remedial actions and controls described above concerning the material weakness.

Due to the timing of the design and implementation

of our remediation efforts during the fourth quarter of fiscal 2024, there was insufficient time to demonstrate consistent execution of

certain controls and conclude on the operating effectiveness of internal control over financial reporting as of June 30, 2024.

Subsequently,

through September 30, 2024, management has determined that appropriate time has elapsed to demonstrate the operating effectiveness of

the remediated controls through testing of a sufficient number of instances.

Changes in Internal Control over Financial Reporting

1 unchanged sentence

the material weakness described above, there were no changes in our internal control over financial reporting identified in connection

with the evaluation required by Rule 13a-15(f) and 15d-15(f) of the Exchange Act that occurred during the quarter ended March 31, 2024,

with the evaluation required by Rule 13a-15(f) and 15d-15(f) of the Exchange Act that occurred during the quarter ended September 30,

2024, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

1 unchanged sentence

Legal Proceedings

Refer to Note 9 of Notes to Unaudited Condensed Consolidated

Financial Statements, included in Part I, Item 1 of this Quarterly Report on Form 10-Q for the three and nine months ended March 31, 2024

(this “ Report”), which is incorporated herein by reference, for a discussion of legal proceedings.

Refer to Note 8 of Notes to Unaudited Condensed Consolidated Financial

Statements, included in Part I, Item 1 of this Quarterly Report on Form 10-Q for the three months ended September 30, 2024 (this “ Report”),

which is incorporated herein by reference, for a discussion of legal proceedings.

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