8 unchanged sentences
preparation of financial statements for external purposes of accounting principles generally accepted in the United States.
−Removed: assessed the effectiveness of our internal control over financial reporting as of March 31, 2022.
−Removed: In making this assessment, we used
−Removed: the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control - Integrated
−Removed: Framework in the 2013 COSO framework.
−Removed: Based on this assessment, management concluded that our disclosure controls and procedures were
−Removed: not effective as of March 31, 2022 for the reasons stated in our Annual Report on Form 10-K for the year ended December 31, 2021.
+Added: assessed the effectiveness of our internal control over financial reporting as of June 30, 2022.
+Added: In making this assessment, we used the
+Added: criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control - Integrated Framework
+Added: in the 2013 COSO framework.
+Added: Based on this assessment, management concluded that our disclosure controls and procedures were not effective
+Added: as of June 30, 2022 for the reasons stated in our Annual Report on Form 10-K for the year ended December 31, 2021.
material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is
10 unchanged sentences
our independent directors have been working with management to include protocols and measures aimed at ensuring quality of our internal
−Removed: Among those measures is the implementation of a whistleblower hotline, which allows third parties to anonymously report noncompliant
+Added: Among those measures is the implementation of a whistle blower hotline, which allows third parties to anonymously report noncompliant
The hotline may be accessed as follows:
3 unchanged sentences
in Internal Controls.
−Removed: have been changes in our internal control over financial reporting during the quarter ended March 31, 2022 that have materially affected,
+Added: have been changes in our internal control over financial reporting during the quarter ended June 30, 2022 that have materially affected,
or are reasonably likely to materially affect, our internal controls over financial reporting.
−Removed: have created a position of Chief Accounting Officer to bifurcate the duties of Financial Reporting from those of the Chief Financial
−Removed: Officer thus providing additional high level personnel in our Finance Department.
−Removed: We are also undertaking an exhaustive review process
−Removed: of our outside internal controls consultants and bringing in additional resources to support our efforts to continue remediation of our
−Removed: internal controls.
+Added: have created a position of Assistant Controler to support our Chief Accounting Officer and his staff which position was filled in July
+Added: We are also undertaking an exhaustive review process of our outside internal controls consultants and bringing in additional resources
+Added: to support our efforts to continue remediation of our internal controls.
II - OTHER INFORMATION
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.