What changed in this filing

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Item 4. Controls and Procedures

2025-05-14 compared with 2024-11-06 · 31 added, 27 removed, 21 unchanged (73% of the section changed)

2 unchanged sentences

Under the supervision of and with the participation of our management,

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

procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of September 30, 2024.

Based upon that

evaluation, our Interim Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were

not effective at the reasonable assurance level as of September 30, 2024 due to a material weakness in our internal control over financing

reporting described below.

Material Weakness

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

(as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of March 31, 2025.

Based upon that evaluation, our

Chief Executive Officer and our Chief Financial Officer concluded that our disclosure controls and procedures were not effective at the

reasonable assurance level as of March 31, 2025 due to the material weaknesses in internal control over financial reporting that are described

in our Annual Report on Form 10-K for the year ended December 31, 2024.

We identified a material weakness

5 unchanged sentences

and review of manual journal entries and in key accounting processes.

While this deficiency did

not result in any material misstatements of our consolidated interim or annual financial statements, it does represent a material weakness

in our internal control over financial reporting.

Remediation Efforts to Address the Material

We are committed to maintaining

a strong internal control environment and will implement corrective actions to support the remediation of the material weakness noted

This includes, but is not limited to, providing training to process and control owners, enhancing relevant policies, procedures,

guidelines and documentation templates, implementing new controls and improving documentation supporting existing controls, and enhancing

segregation of duties.

We will not be able to fully

remediate this material weakness until the applicable controls operate for a sufficient period of time, and we have concluded, through

testing, that the newly implemented and enhanced controls are operating effectively.

Our management will continue to monitor the effectiveness

of our remediation plans in future periods and will make changes we determine to be appropriate.

The Company has implemented user specific permission sets in the

identified systems to facilitate proper segregation of duties.

The Company also implemented a separate control to monitor changelogs and

approvals in the ERP system.

These controls have not yet been tested to verify that they are operating effectively in remediation of the

material weakness.

We identified another material

weakness in the design and operation of our internal controls over financial reporting in the “Control Activities” component

of the Committee of Sponsoring Organizations (COSO) framework related to a lack of sufficient controls to prevent the risk of material

misstatements in the income tax calculations and related disclosures.

The Company is planning to implement extended controls of the income

tax calculations.

In designing and evaluating

3 unchanged sentences

Changes in Internal Control over Financial

Except for the identification of the material weakness described above,

there were no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange

Act) during the period covered by this Quarterly Report that have materially affected or are reasonably likely to materially affect, our

internal control over financial reporting.

Subsequent to September 30, 2024 and in connection with the identification of the material

weakness discussed above, we are taking the remediation steps outlined herein to improve our internal control over financial reporting.

Except for the changes described to internal control above, there were

no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during

the quarter ended March 31, 2025 that have materially affected or are reasonably likely to materially affect, our internal control over

financial reporting.

OTHER INFORMATION

4 unchanged sentences

course of business, including, but not limited to, employee, customer and vendor disputes.

Except as described herein,

there have been no material changes from the risk factors as previously disclosed in our Annual Report on Form 10-K for the year ended

December 31, 2024.

Unregistered Sales of Equity Securities

and Use of Proceeds

Defaults Upon Senior Securities.

Not applicable.

Mine Safety Disclosures.

Not applicable.

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