Item 4. Controls and Procedures
Item
4. 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. Management,
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.
Changes
in Internal Control over Financial Reporting
With
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.
PART
II - OTHER INFORMATION
Item
1. Legal Proceedings.
None.
Item
1A. Risk Factors.
The
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.
23
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.
None.
Item
3. Defaults Upon Senior Securities.
None.
Item
4. Mine Safety Disclosures.
None;
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.