What changed in this filing

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Item 4. Controls and Procedures

2024-11-14 compared with 2024-10-08 · 25 added, 25 removed, 46 unchanged (52% 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 June 30, 2024.

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 weaknesses described below, our CEO and CFO have concluded that our disclosure

controls and procedures were not effective as of June 30, 2024.

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.

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, 2024.

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 weaknesses

described below, our CEO and CFO have concluded that our disclosure controls and procedures were not effective as of September 30,

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 condensed interim 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.

Weaknesses in Internal Control over Financial Reporting

material weakness, as defined in the standards established by Sarbanes-Oxley, is 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 our annual or interim consolidated

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

material weakness, as defined in the standards established by Sarbanes-Oxley, is 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 our annual or

unaudited condensed interim consolidated financial statements will not be prevented or detected on a timely basis.

control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting

1 unchanged sentence

The following material weaknesses in our internal control over

financial reporting were present as of December 31, 2023, and continued to exist as of June 30, 2024:

financial reporting were present as of December 31, 2023, and continued to exist as of September 30, 2024:

Company did not maintain effective controls over the revenue recognition of over-time contracts and associated costs.

5 unchanged sentences

account for recognition of costs incurred by contract.

This material weakness resulted in the restatement of the

Company’s consolidated financial statements for the year ended December 31, 2022, as well as its interim consolidated financial

statements for the three months ended March 31, 2022, and 2023, the three and six months ended June 30, 2022, and 2023 and the three

and nine months ended September 30, 2022, and 2023.

This material weakness resulted in the restatement of the Company’s

consolidated financial statements for the year ended December 31, 2022, as well as its interim consolidated financial statements

for the three months ended March 31, 2022, and 2023, the three and nine months ended June 30, 2022, and 2023 and the three and nine

months ended September 30, 2022, and 2023.

Company did not design and maintain effective controls over the accounting for inventory and related cost of sales, primarily due

30 unchanged sentences

in Internal Control over Financial Reporting

than described above, there have been no changes in our internal control over financial reporting that occurred during the three

months ended June 30, 2024, that have materially affected, or that are reasonably likely to materially affect, our internal control

over financial reporting.

than described above, there have been no changes in our internal control over financial reporting that occurred during the three months

ended September 30, 2024, that have materially affected, or that 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