15 unchanged sentences
Based upon the foregoing, our Chief Executive Officer and Chief Financial Officer concluded
−Removed: that, as of December 31, 2022, the disclosure controls and procedures of our Company were not effective to ensure that the information
−Removed: required to be disclosed in our Exchange Act reports was recorded, processed, summarized and reported on a timely basis due to the material
−Removed: weaknesses in financial reporting as discussed below.
+Added: that, as of March 31, 2023, the disclosure controls and procedures of our Company were not effective to ensure that the information required
+Added: to be disclosed in our Exchange Act reports was recorded, processed, summarized and reported on a timely basis due to the material weaknesses
+Added: in financial reporting as discussed below.
Weaknesses and Corrective Actions
8 unchanged sentences
that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis.
−Removed: following material weaknesses in our internal control over financial reporting continued to exist at December 31, 2022:
+Added: following material weaknesses in our internal control over financial reporting continued to exist at March 31, 2023:
do not have written documentation of our internal control policies and procedures.
15 unchanged sentences
to raising sufficient additional capital, we plan to take a number of actions in the future to correct these material weaknesses including,
−Removed: but not limited to, establishing an audit committee of our board of directors comprised of at least two independent directors, adding
+Added: but not limited to, establishing an audit committee of our board of directors comprising at least two independent directors, adding
experienced accounting and financial personnel and retaining third-party consultants to review our internal controls and recommend improvements.
18 unchanged sentences
in Internal Controls over Financial Reporting
−Removed: were no changes in our internal controls over financial reporting that occurred during the quarter ended December 31, 2022 that have
−Removed: materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.
+Added: were no changes in our internal controls over financial reporting that occurred during the quarter ended March 31, 2023 that have materially
+Added: 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.