9 unchanged sentences
of our President and Chief Executive Officer, and our Chief Financial Officer and Treasurer, as of the end of the period covered by this
−Removed: quarterly report, our management concluded that our disclosure controls and procedures are effective at a reasonable assurance level
−Removed: in ensuring that information required to be disclosed by us in our reports is recorded, processed, summarized and reported within the
−Removed: required time periods.
−Removed: No change in our “internal control over financial reporting” (as defined in Rule 13a-15(f) under the
−Removed: Exchange Act) occurred during the nine months ended September 30, 2023 that materially affected, or is reasonably likely to materially
−Removed: affect, our internal control over financial reporting.
+Added: quarterly report, management identified a material weakness in disclosure controls and procedures related to a lack of personnel with
+Added: sufficient expertise in generally accepted accounting principles (“GAAP”).
+Added: Specifically, the Company did not have individuals
+Added: with extensive GAAP experience to adequately assess and apply GAAP requirements in the preparation and review of financial disclosures.
+Added: As a result of this material weakness, management has concluded that, as of May 31, 2024 the Company’s disclosure controls and
+Added: procedures were not effective.
+Added: the three months ended May 31, 2024, management took steps to remediate the material weakness discussed above by hiring additional personnel
+Added: with GAAP expertise, in particular the Company’s Controller, and engaging external consultants with subject matter expertise as
+Added: Management also began implementing several enhancements to its control over financial reporting (as defined in Rule 13a-15(f)
+Added: under the Exchange Act), including, but not limited to, establishing a monthly financial closing process, implementing account reconciliations,
+Added: ensuring proper segregation of duties, and implementing new financial control software.
+Added: These remediation efforts were completed by the
+Added: filing date of this Report.
+Added: a result of these enhancements, management believes that the consolidated financial statements included in this Report fairly present,
+Added: in all material respects, the financial condition, results of operations, and cash flows of the Company as of and for the periods presented.
LEGAL PROCEEDINGS.
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.