Item 4. Controls and Procedures
Item 4. Controls
and Procedures.
Evaluation of Disclosure Controls
and Procedures
The Company maintains a system of controls
and procedures designed to ensure that information required to be disclosed by the Company in the reports that it files or submits
under the Act (15 U.S.C. 78a et seq.) is recorded, processed, summarized and reported, within the time periods specified in the
SEC rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure
that information required to be disclosed by an issuer in the reports that it files or submits under the Act is accumulated and
communicated to the issuer’s management, including its principal executive and principal financial officers, or persons
performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
As of September 30, 2012, the Company carried
out an evaluation, under the supervision of and with the participation of management, including its chief executive officer and
chief financial officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures.
Based on the foregoing, the chief executive officer and interim chief financial officer concluded that 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) were
effective in timely alerting them to information required to be included in the Company’s periodic SEC filings.
Changes in Internal Control over Financial
Reporting
There were no changes in the Company’s
internal control over financial reporting (as defined in Rule 13a-15(f) of the Securities Exchange Act of 1934, as amended) during
the nine or three months ended September 30, 2012 that have materially affected, or are reasonably likely to materially affect,
the Company’s internal control over financial reporting.
PART II. OTHER
INFORMATION
Item 1. Legal
Proceedings.
None.
Item 1A. Risk
Factors.
Not applicable.
12
Item 2. Unregistered
Sales of Equity Securities and Use of Proceeds.
(a) None.
(b) None
(c) None.
Item 3. Defaults
upon Senior Securities.
None.
Item 4. Mine
Safety Disclosures.
Not applicable.
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.