What changed in this filing

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Item 4. Controls and Procedures

2024-02-16 compared with 2017-02-10 · 32 added, 59 removed, 3 unchanged (97% of the section changed)

Controls and Procedures.

We maintain disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act

that are designed to ensure that material information relating to us is made known to the officers who certify our financial reports and

to other members of senior management and the Board of Directors.

These disclosure controls and procedures are designed to ensure that

information required to be disclosed in our reports that are filed or submitted under the Exchange Act are recorded, processed, summarized,

and reported within the time periods specified in the SEC’s rules and forms.

Disclosure controls and procedures include, without

limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files

or submits under the Exchange Act is accumulated and communicated to our management, including our principal executive and principal financial

officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure.

with the participation of our Chief Executive Officer and our President who acts as our Principal Financial Officer has evaluated the

effectiveness, as of December 31, 2023, of our disclosure controls and procedures.

Based on that evaluation, our Chief Executive Officer

and Principal Financial Officer concluded that our disclosure controls and procedures were not effective as of December 31, 2023, because

of inadequate control and expertise over preparation of the preliminary financial statements and schedules for our auditor’s review,

resulting in some minor errors in applying Accounting Standards Codifications used in the United States to organize and present accounting

standards and principles.

Management has concluded that we will take appropriate action to add additional expertise to assist us

in the preparation of our future interim financial statements for our auditor’s review to ameliorate this weakness.

in Internal Control over Financial Reporting

Controls and Procedures

Company maintains “disclosure controls and procedures,”

as the SEC defines such terms.

We have designed these controls

and procedures to reasonably assure that information required to be disclosed in our reports filed under the Exchange Act, such

as this Quarterly Report, is recorded, processed, summarized, and reported within the periods specified in the SEC’s rules

We have also designed our disclosure controls to provide reasonable assurance that such information is accumulated

and communicated to the Chief Executive Officer, Executive Vice President, and Vice President/Treasurer, as appropriate, to allow

them to make timely decisions regarding our required disclosures.

has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) of the Exchange Act as

of December 31, 2016.

Based on this evaluation, the Chief Executive Officer, Executive Vice President, and the Vice President/Treasurer,

acting as principal financial officer, concluded that the Company’s disclosure controls and procedures, including the accumulation

and communication of disclosures to the Company’s Chief Executive Officer, Executive Vice President, and Vice President/Treasurer,

as appropriate to allow timely decisions regarding required disclosure, were not effective as of this date to provide reasonable

assurance that information required to be disclosed by the Company in the reports filed or submitted under the Exchange Act is

recorded, processed, summarized and reported within the time periods specified by the SEC’s rules and forms.

The Company’s

quarter-end closing process did not adequately ensure that all transactions were accounted for in accordance with GAAP and that

required adjustments were made to the financial statements to prevent them from being materially misstated.

Management acknowledges

that as a smaller reporting entity, it is difficult to have adequate accounting staff to perform appropriate additional reviews

of the financial statements.

Management’s

Report on Internal Control Over Financial Reporting .

management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule

13a-15(f) under the Exchange Act).

Our internal control over financial reporting is a process designed to provide reasonable assurance

regarding the reliability of financial reporting and the preparation of financial statements for external purposes.

of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.

Therefore, even

those systems determined to be effective can provide only reasonable assurance of achieving their control objectives.

including our Chief Executive Officer, Executive Vice President, and our Vice President/Treasurer, acting as principal financial

officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all error or fraud.

A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives

of the control system are met.

Further, 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.

Due to the inherent limitations in all control systems,

no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected.

Management believes that the financial statements included in this report fairly present in all material respects our financial

condition, results of operations and cash flows for the periods presented.

with the participation of the Chief Executive Officer, as principal executive officer, Executive Vice President, and the Vice

President/Treasurer, acting as principal financial officer, evaluated the effectiveness of the Company’s internal control

over financial reporting as of December 31, 2016.

In making this assessment, management used the criteria set forth by the Committee

of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal Control –

Integrated Framework.

Consistent with its review for the year ending March 31, 2016, when management identified a material weakness in the internal

control over financial reporting, management concluded that, as of December 31, 2016, the Company’s internal control over

financial reporting was not comprehensive.

material weakness was evidenced through the Company’s year-end closing process, which did not adequately ensure that all

transactions were accounted for in accordance with GAAP and that required adjustments were made to the financial statements to

prevent them from being materially misstated.

Based on this evaluation, our management, with the participation of the Chief Executive

Officer, Executive Vice President and Principal Financial Officer, in this case, our Vice President, concluded, as of March 31,

2016, our internal control over financial reporting was not effective.

Management acknowledges that as a smaller reporting entity,

it is difficult to have adequate accounting staff to perform appropriate additional reviews of the financial statements.

the exception of management’s plan to take appropriate action to add additional expertise to assist us in the preparation of

our future interim financial statements to ameliorate this weakness and to assist us in designing and implementing a system of

adequate controls over the preparation of our financial statements and schedules, there have been no changes in our internal control

over financial reporting during the quarter ended December 31, 2023, that have materially affected, or are reasonably likely to

materially affect, our internal control over financial reporting.

II - OTHER INFORMATION

Legal Proceedings.

Risk Factors.

Company is a smaller reporting company as defined by Rule 12b-2 of the Exchange Act, and is not required to provide the information required

under this item.

Unregistered Sales of Equity Securities and Use of Proceeds.

Defaults Upon Senior Securities.

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