What changed in this filing

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Item 4. Controls and Procedures

2022-11-14 compared with 2022-05-16 · 17 added, 15 removed, 53 unchanged (38% of the section changed)

15 unchanged sentences

Based upon the foregoing, our Chief Executive Officer and Chief Financial Officer concluded

that, as of March 31, 2022, the disclosure controls and procedures of our Company were not effective to ensure that the information required

to be disclosed in our Exchange Act reports was recorded, processed, summarized and reported on a timely basis because of the material

weaknesses in internal control over financial reporting described below.

that, as of September 30, 2022, the disclosure controls and procedures of our Company were not effective to ensure that the information

required to be disclosed in our Exchange Act reports was recorded, processed, summarized and reported on a timely basis due to the material

weaknesses in financial reporting as discussed below.

Weaknesses and Corrective Actions

connection with the audits of our financial statements for the fiscal years ended June 30, 2021 and 2020, we identified certain deficiencies

relating to our internal control over financial reporting that constitute a material weakness under standards established by the Public

Company Accounting Oversight Board (the “PCAOB”).

The PCAOB defines a material weakness as a deficiency, or a combination

of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement

of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

A deficiency in internal

control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their

assigned functions, to prevent or detect misstatements on a timely basis.

following material weaknesses in our internal control over financial reporting continued to exist at March 31, 2022:

framework used by management in making that assessment was the criteria set forth in the document entitled “2013 Internal

Control - Integrated Framework” issued by the Committee of Sponsoring Organizations of the Treadway Commission,

In connection with the audits of our consolidated financial statements for the fiscal years ended June 30,

2022 and 2021, we identified certain deficiencies relating to our internal control over financial reporting that constitute a

material weakness under the framework.

weakness is a deficiency, or a combination of deficiencies, within the meaning of PCAOB Audit Standard No.

5, in internal control

over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim

financial statements will not be prevented or detected on a timely basis.

following material weaknesses in our internal control over financial reporting continued to exist at September 30, 2022:

do not have written documentation of our internal control policies and procedures.

8 unchanged sentences

monitoring and review controls over the financial reporting closing process, including the lack of individuals with current knowledge

outsource certain of the functions that would normally be performed by a principal financial officer to assist us in implementing the

necessary financial controls over the financial reporting and the utilization of internal management and staff to effectuate these controls.

believe that these material weaknesses primarily relate, in part, to our lack of sufficient staff with appropriate training in U.S.

23 unchanged sentences

in Internal Controls over Financial Reporting

were no changes in our internal controls over financial reporting that occurred during the quarter ended March 31, 2022 that have materially

affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

were no changes in our internal controls over financial reporting that occurred during the quarter ended September 30, 2022 that have

materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

II — OTHER INFORMATION

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