What changed in this filing

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Item 4. Controls and Procedures

2023-05-15 compared with 2022-11-14 · 26 added, 35 removed, 4 unchanged (94% of the section changed)

1 unchanged sentence

of Disclosure Controls and Procedures

management, with the participation of our Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”),

evaluated the effectiveness of our disclosure controls and procedures as defined in Rule 13a-15(e) and 15d-15(e) under the Securities

Exchange Act of 1934, as amended (the “Exchange Act”), as of September 30, 2022.

Our disclosure controls and procedures

are designed to provide reasonable assurance that information we are required to disclose in the reports we file or submit under

the Exchange Act is accumulated and communicated to our management, including our CEO and CFO, as appropriate to allow timely

decisions regarding required disclosures, and is recorded, processed, summarized, and reported within the time periods specified

in the SEC’s rules and forms.

Based on this evaluation, and as a result of the material weakness described below, our CEO

and CFO have concluded that our disclosure controls and procedures were not effective as of

September 30, 2022.

In light of this determination, our management has performed additional analyses, reconciliations, and other

post-closing procedures and has concluded that, notwithstanding the material weakness in our internal control over financial reporting,

the unaudited interim condensed consolidated financial statements for the periods covered by and included in this Quarterly Report

on Form 10-Q fairly state, in all material respects, our financial position, results of operations and cash flows for the periods

presented in conformity with U.S.

material weakness is a deficiency, or a combination of deficiencies, within the meaning of Public Company Accounting Oversight

Board (“PCAOB”) Auditing Standard AS 2201, 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.

The deficiency listed below, combined with inadequate compensating controls, created a reasonable possibility that

a material misstatement to the consolidated financial statements might not be prevented or detected on a timely basis.

of September 30, 2022, we had a material weakness in our internal control over financial reporting due to not having the appropriate

controls in place over our revenue recognition process for nonroutine and complex revenue transactions in accordance with ASC

606, “Revenue from Contracts with Customers”.

This control deficiency resulted in a misstatement of revenue-related

accounts during the three months ended March 31, 2022 and June 30, 2022, which management corrected via revision as part of this

Quarterly Report on Form 10-Q for the three months ended September 30, 2022.

order to remediate this material weakness, management has expanded and improved our process for reviewing customer contracts,

including through the engagement of third-party accounting professionals with expertise in evaluating customer contracts to obtain

guidance on large and/or unique contracts in order to ensure that ASC 606 is accurately applied and documented.

we have begun implementing the enhancements described above, the material weakness will not be considered remediated until the

applicable controls operate for a sufficient period of time and management has concluded that these controls are operating effectively.

Our management, with the participation of our Chief Executive Officer (“CEO”)

and Chief Financial Officer (“CFO”), evaluated the effectiveness of our disclosure controls and procedures as defined in Rule

13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as of March 31, 2023.

Our disclosure controls and procedures are designed to provide reasonable assurance that information we are required to disclose in the

reports we file or submit under the Exchange Act is accumulated and communicated to our management, including our CEO and CFO, as appropriate

to allow timely decisions regarding required disclosures, and is recorded, processed, summarized, and reported within the time periods

specified in the SEC’s rules and forms.

Based on this evaluation, and as a result of the material weakness described below, our

CEO and CFO have concluded that our disclosure controls and procedures were not effective as of March 31, 2023.

In light of this determination,

our management has performed additional analyses, reconciliations, and other post-closing procedures and has concluded that, notwithstanding

the material weakness in our internal control over financial reporting, the unaudited interim condensed consolidated financial statements

for the periods covered by and included in this Quarterly Report on Form 10-Q fairly state, in all material respects, our financial position,

results of operations and cash flows for the periods presented in conformity with U.S.

of December 31, 2022, we identified a material weakness in our internal control over financial reporting due to not having the appropriate controls

in place over our revenue recognition process for nonroutine and complex revenue transactions in accordance with ASC 606, “Revenue

from Contracts with Customers”, which continued to exist as of March 31, 2023.

order to remediate this material weakness, management has expanded and improved our process for reviewing customer contracts and revenue

recognition inputs, including through the engagement of third-party accounting professionals with expertise in evaluating customer contracts

to obtain guidance on large and/or unique contracts in order to ensure that ASC 606 is accurately applied and documented.

we have begun implementing the enhancements described above at the end of 2022 and have been continuing our remediation efforts through

the first quarter of 2023, the material weakness will not be considered remediated until the applicable controls operate for a sufficient

period of time and management has concluded that these controls are operating effectively.

in Internal Control over Financial Reporting

as described above, there were no changes in our internal control over financial reporting during the three months ended September

30, 2022 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Except as described above, there were no changes in our internal control

over financial reporting during the three months ended March 31, 2023 that have materially affected, or are reasonably likely to materially

affect, our internal control 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