Item 4. Controls and Procedures
Item
4. Controls and Procedures.
Disclosure
Controls and Procedures .
Our
management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules
13a-15(f) and 15d-15(f) under the Exchange Act. Our management is also required to assess and report on the effectiveness of our
internal control over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act of 2002 (“Section 404”).
Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external purposes of accounting principles generally accepted
in the United States. Management assessed the effectiveness of our internal control over financial reporting as of March 31, 2021.
In making this assessment, we used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission
(COSO) in Internal Control - Integrated Framework in the 2013 COSO framework. Based on this assessment, management concluded that
our disclosure controls and procedures were effective.
A
material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there
is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or
detected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control over
financial reporting that is less severe than a material weakness, yet important enough to merit attention by those responsible
for oversight of the company’s financial reporting.
Because
of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of
any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes
in conditions, or that the degree of compliance with the policies and procedures may deteriorate.
As
part of our ongoing program to implement changes and further improve our internal controls and in conjunction with our Code of
Ethics, our independent directors have been working with management to include protocols and measures aimed at ensuring quality
of our internal controls. Among those measures is the implementation of a whistleblower hotline, which allows third parties to
anonymously report noncompliant activity. The hotline may be accessed as follows:
To
file a report, use the Client Code “MarathonPG” and pick one of the following options:
●
Call:
1-877-647-3335
●
Click:
http://www.RedFlagReporting.com
Changes
in Internal Controls.
There
have been no changes in our internal control over financial reporting during the quarter ended March 31, 2021 that have materially
affected, or are reasonably likely to materially affect, our internal controls over financial reporting.
26
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.