12 unchanged sentences
that any design will succeed in achieving its stated goals under all potential future conditions.
−Removed: the supervision and with the participation of our management, we conducted an evaluation, as of March 31, 2021, of the effectiveness
−Removed: of the design and operations of our disclosure controls and procedures.
+Added: the supervision and with the participation of our management, we conducted an evaluation, as of June 30, 2021, of the effectiveness of
+Added: the design and operations of our disclosure controls and procedures.
Based upon our evaluation, our management, including our principal
−Removed: executive officer and principal financial officer, has concluded that, as of March 31, 2021, our disclosure controls and procedures were
+Added: executive officer and principal financial officer, has concluded that, as of June 30, 2021, our disclosure controls and procedures were
not effective due to our limited internal audit functions and lack of ability to have multiple levels of transaction review.
−Removed: Company intends to address the foregoing deficiency the Company by upgrading its accounting software to an ERP (“Enterprise Resource
−Removed: Planning”), a cloud-based solution, which would add the necessary controls to manage day to day activities such as accounting,
−Removed: procurement, project management, risk management and compliance as well as to automate the consolidation process of its entities, adding
−Removed: a level of reliability to the Company’s financial reporting.
−Removed: The Company proposes to add personnel to address the lack of ability
−Removed: to have multiple level transaction review.
−Removed: intends to complete these steps in the near future, but in any event before the end of the 2021 fiscal year.
−Removed: However, until additional
−Removed: capital is raised, no assurance can be made that the implementation of such remedial steps will be completed in a timely manner or that
−Removed: they will be adequate once implemented.
+Added: The Company intends to address
+Added: the foregoing deficiency by upgrading its accounting software to an ERP (“Enterprise Resource Planning”), a cloud-based solution,
+Added: which would add the necessary controls to manage day to day activities such as accounting, procurement, project management, risk management
+Added: and compliance as well as to automate the consolidation process of its entities, adding a level of reliability to the Company’s
+Added: financial reporting.
+Added: The Company proposes to add personnel to address the lack of ability to have multiple level transaction review.
+Added: is addressing these steps immediately and has executed an agreement on August 11, 2021, to start implementation of replacing its current
+Added: software to an ERP cloud-based solution.
+Added: Management anticipates being fully operational by the second quarter of 2022.
in Internal Controls
−Removed: have been no changes in our internal control over financial reporting during the three months ended March 31, 2021 that have materially
+Added: have been no changes in our internal control over financial reporting during the six months ended June 30, 2021 that have materially
affected, or are reasonably likely to materially affect, our internal control over financial reporting.
OTHER INFORMATION
−Removed: 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.