15 unchanged sentences
as of December 31, 2023 and 2024.
−Removed: Based upon, and as of the date of this evaluation, our Chief Executive Officer concluded that our disclosure
−Removed: controls and procedures were not effective as of December 31, 2022 and 2023 due to the material weaknesses in our internal control over
−Removed: financial reporting, which are described below.
−Removed: matters involving internal controls and procedures that the Company’s management considered to be material weaknesses under the
−Removed: standards of the Public Company Accounting Oversight Board were:
−Removed: (1) lack of a functioning audit committee and lack of a majority of
−Removed: outside directors on the Company’s board of directors, resulting in ineffective oversight in the establishment and monitoring of
−Removed: required internal controls and procedures;
−Removed: (2) inadequate segregation of duties consistent with control objectives;
−Removed: (3) insufficient
−Removed: written policies and procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and
−Removed: SEC disclosure requirements;
−Removed: and (4) ineffective controls over period end financial disclosure and reporting processes.
−Removed: The aforementioned
−Removed: material weaknesses were identified by the Company’s Chief Executive Officer in connection with the review of our financial statements
−Removed: as of December 31, 2022 and 2023 and communicated the matters to our management.
+Added: Based upon, and as of the date of this evaluation, our Chief Executive Officer concluded that
+Added: our disclosure controls and procedures were not effective as of December 31, 2023 and 2024 due to the material weaknesses in our internal
+Added: control over financial reporting, which are described below.
+Added: The matters involving internal controls and procedures that the Company’s
+Added: management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were:
+Added: a functioning audit committee and lack of a majority of outside directors on the Company’s board of directors, resulting in ineffective
+Added: oversight in the establishment and monitoring of required internal controls and procedures;
+Added: (2) inadequate segregation of duties consistent
+Added: with control objectives;
+Added: (3) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements
+Added: and application of US GAAP and SEC disclosure requirements;
+Added: and (4) ineffective controls over period end financial disclosure and reporting
+Added: The aforementioned material weaknesses were identified by the Company’s Chief Executive Officer in connection with the
+Added: review of our financial statements as of December 31, 2023 and 2024 and communicated the matters to our management.
believes that the material weaknesses set forth in items (2), (3) and (4) above did not have an effect on the Company’s financial
206 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.