Item 4. Controls and Procedures
Item 4. Controls and Procedures
Evaluation of Disclosure Controls
and Procedures. The Company’s management, with the participation of the Company’s Principal Executive Officer and Principal
Financial Officer, evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e)
and 15d-15(e) under the Securities Exchange Act of 1934, as amended) as of June 30, 2025. Based on this evaluation, the Company’s
Principal Executive Officer and Principal Financial Officer concluded that, as of June 30, 2025 the Company’s disclosure controls
and procedures were effective, in that they provide reasonable assurance that information required to be disclosed by the Company in the
reports that it files or submits under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported
within the time periods specified in the Securities and Exchange Commission’s rules and forms, and is accumulated and communicated
to the Company’s management, including the Company’s Principal Executive Officer and Principal Financial Officer, as appropriate
to allow timely decisions regarding required disclosure.
Subsequent to June 30, 2025, management identified an accounting
error related to the accounting for non-cash stock option exercises during the quarter ended June 30, 2025 and year ended December 31,
2021. Management determined that the error resulted from a discrete misapplication of accounting guidance and was not indicative of a
material weakness in the Company’s internal control over financial reporting as of June 30, 2025.
Changes in Internal Control
Over Financial Reporting. There were no changes in our internal control over financial reporting during the quarter ended June
30, 2025, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
35
PART II – OTHER INFORMATION
Item 1A. Risk Factors
In
addition to the information set forth in this Form 10-Q, you should carefully consider the risk factors discussed in Part I,
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.