What changed in this filing

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Item 4. Controls and Procedures

2023-11-02 compared with 2023-05-04 · 22 added, 28 removed, 24 unchanged (68% of the section changed)

CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Chief Executive Officer and Chief Financial Officer (the principal executive officer and

principal financial officer, respectively) conducted

an evaluation of the design and operation of our “disclosure controls and procedures” (as defined in Rules 13a-15(e) and 15d-15(e)

under the Securities Exchange Act of 1934, as amended (“Exchange Act”)).

Evaluation of Disclosure Controls

and Procedures

Chief Executive Officer (our principal executive officer) and Chief Financial Officer (our

principal financial officer and principal accounting officer) have concluded based on their evaluation as of September 30, 2023, that

our “disclosure controls and procedures” (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of

1934, as amended (“Exchange Act”)) are not effective due to a material weakness.

The term “disclosure

10 unchanged sentences

is accumulated and communicated to the company’s management, including its principal

executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding

required disclosure.

In accordance with SEC

rules, an evaluation was performed under the supervision and with the participation of our Principal Executive Officer and Principal Financial

Officer of the effectiveness, as of March 31, 2023, of the Company’s disclosure controls and procedures (as defined in Rule

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

“Internal control over financial reporting” includes those policies and procedures that:

(1) pertain to the maintenance of records that in reasonable detail accurately

and fairly reflect the transactions and dispositions of the assets of the issuer;

(2) provide reasonable assurance that transactions are recorded as necessary

to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures

of the issuer are being made only in accordance with authorizations of management and directors of the issuer;

(3) provide reasonable assurance regarding prevention or timely detection of

unauthorized acquisition, use or disposition of the issuer’s assets that could have a material effect on the financial statements.

on that evaluation as of March 31, 2023, our Chief Executive Officer

and Chief Financial Officer concluded that the disclosure controls and procedures

are effective.

executive officer and principal financial officer and principal accounting officer, or persons performing similar functions, as appropriate,

to allow timely decisions regarding required disclosure.

material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a

reasonable possibility that a material misstatement of a company’s annual and interim financial statements will not be detected

or prevented on a timely basis.

A material weakness was discovered relating to the valuation and disclosure of level 3 investments during

fiscal 2023 and as of September 30, 2023, we are continuing to remediate this weakness.

While we have no additional level 3 investments

and believe that our fair value assessment and disclosures at September 30, 2023, are appropriate, we are continuing to monitor our internal

Control over Financial Reporting

the three months ended March 31, 2023, there were no changes in our internal controls over financial reporting (as defined in Rule 13a-15(f)

and 15d-15(f) under the Exchange Act) that have materially affected, or are reasonably likely to materially

the three months ended September 30, 2023, there were no changes in our internal controls over financial reporting (as defined in Rule

13a-15(f) and 15d-15(f) under the Exchange Act) that have materially affected, or are reasonably likely to materially

affect, our internal controls over financial reporting.

5 unchanged sentences

necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

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

Also, projections of any

evaluation of effectiveness to future periods are subject to the risks that controls may become inadequate because of changes in conditions,

or that the degree of compliance with the policies or procedures may deteriorate.

Because of its

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

Also, projections of any evaluation

of effectiveness to future periods are subject to the risks that controls may become inadequate because of changes in conditions, or that

the degree of compliance with the policies or procedures may deteriorate.

OTHER INFORMATION

2 unchanged sentences

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