Item 4. Controls and Procedures
ITEM 4. CONTROLS AND PROCEDURES.
We maintain disclosure controls and procedures
that are designed to ensure that information required to be disclosed in our periodic and current reports that we file with the SEC is
recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms; and that such information
is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate,
to allow timely decisions regarding required disclosure.
Evaluation of Disclosure
Controls and Procedures
Our Chief Executive Officer and our Chief Financial Officer, after evaluating
our “disclosure controls and procedures” (as defined in Exchange Act Rules 13a 15(e) and 15d 15(e)) as of the end of the period
covered by this Quarterly Report (the “Evaluation Date”), have concluded that as of the Evaluation Date, our disclosure controls
and procedures are effective to ensure that information we are required to disclose in reports that we file or submit under the Exchange
Act is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms, and to ensure that information
required to be disclosed by us in such reports is accumulated and communicated to our management, including our Chief Executive Officer
and Chief Financial Officer, where appropriate, to allow timely decisions regarding required disclosure.
Changes in Internal
Controls Over Financial Reporting
There were no changes
in our internal control over financial reporting identified in management’s evaluation pursuant to Rules 13a-15(d) or 15d-15(d)
of the Exchange Act during the period covered by this Quarterly Report that materially affected, or are reasonably likely
to materially affect, our internal control over financial reporting.
Inherent Limitations
on Effectiveness of Controls
Our management, including
our Chief Executive Officer and our Chief Financial Officer, does not expect that our disclosure controls and procedures or our internal
control over financial reporting will prevent or detect all errors and all fraud. A control system, no matter how well-designed and operated,
can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. The design of a control system
must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Further,
because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that misstatements
due to error or fraud will not occur or that all control issues and instances of fraud, if any, have been detected. The design of any
system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any
design will succeed in achieving its stated goals under all potential future conditions. Projections of any evaluation of the effectiveness
of controls to future periods are subject to risks. Over time, controls may become inadequate because of changes in conditions or deterioration
in the degree of compliance with policies or procedures.
43
PART II
OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS.
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.