12 unchanged sentences
our disclosure controls and procedures, as defined in Rule 13a-15(e), were not effective at the reasonable assurance level due to a material
−Removed: weakness in our internal controls over financial reporting which was disclosed in our Annual Report on Form 10-K for the year ended December 31,
+Added: weakness in our internal control over financial reporting which was disclosed in our Annual Report on Form 10-K for the year ended December 31,
To address the material weakness referenced above,
the Company performed additional analysis and performed other procedures in order to prepare the consolidated financial statements in
−Removed: accordance with generally accepted accounting principles (GAAP).
−Removed: Accordingly, management believes that the consolidated financial statements
−Removed: included in this quarterly report on this Form 10-Q fairly present, in all material respects, our financial condition, results of operations
−Removed: and cash flows for the periods presented.
+Added: accordance with GAAP.
+Added: Accordingly, management believes that the condensed consolidated financial statements included in this quarterly
+Added: report on this Form 10-Q fairly present, in all material respects, our financial condition, results of operations and cash flows for the
+Added: periods presented.
Plan for Remediation of Material Weakness
6 unchanged sentences
system(s) and reporting directly through inquiry and substantive testing of such third-party’s control environment.
−Removed: During the quarters ended September 30, 2023,
−Removed: June 30, 2023 and March 31, 2023, the Company continued to engage with the third-party service organizations to discuss the reporting
−Removed: requirements.
−Removed: As management continues to evaluate and improve our disclosure controls and procedures and internal control over financial
−Removed: reporting, the Company may decide to take additional measures to address control deficiencies or determine to modify, or in appropriate
−Removed: circumstances not to complete, certain of the remediation measures identified.
+Added: If we are unable to obtain a valid SOC-1 Type 2 report or perform substantive testing of such third-party
+Added: service organization’s control environment, the Company will implement a qualification and program triaging process, which would include
+Added: modifying customer contracts, limiting the volume of activity with those third-parties and establishing other controls to ensure the completeness
+Added: and accuracy of information received from those third-parties, such as performing tagging procedures where possible.
+Added: Management believes the measures described above
+Added: will remediate the material weakness that we have identified.
+Added: During the quarter ended March 31, 2024, the Company continued to engage
+Added: with the third-party service organizations to discuss the reporting requirements.
+Added: As management continues to evaluate and improve our
+Added: disclosure controls and procedures and internal control over financial reporting, the Company may decide to take additional measures to
+Added: address control deficiencies or determine to modify certain of the remediation measures identified.
Changes in Internal Control over Financial
1 unchanged sentence
our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act), that occurred during the quarter
−Removed: ended September 30, 2023 that has materially affected, or is reasonably likely to materially affect, our internal control over financial
+Added: ended March 31, 2024 that has materially affected, or is reasonably likely to materially affect, our internal control over financial
Limitations on the Effectiveness of Controls
9 unchanged sentences
Legal Proceedings
−Removed: We are not a party to any material pending legal proceeding.
+Added: From time to time, we may become involved in legal
+Added: proceedings or be subject to claims arising in the ordinary course of our business.
+Added: We are currently not a party to any material legal
+Added: or administrative proceedings, and we are not aware of any pending or threatened material legal or administrative proceedings against
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.