What changed in this filing

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Item 4. Controls and Procedures

2024-05-15 compared with 2023-11-13 · 33 added, 23 removed, 19 unchanged (75% of the section changed)

2 unchanged sentences

of Disclosure Controls and Procedures

We conducted an evaluation of the effectiveness

of our “disclosure controls and procedures” (“Disclosure Controls”), as defined by Rules 13a-15(e) and 15d-15(e)

of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as of September 30, 2023, the end of the period

We conducted an evaluation of the effectiveness of

our “disclosure controls and procedures” (“Disclosure Controls”), as defined by Rules 13a-15(e) and 15d-15(e)

of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as of March 31, 2024, the end of the period

covered by this Quarterly Report on Form 10-Q.

The Disclosure Controls evaluation was done under the supervision and with the participation

of management, including our chief executive officer and chief financial officer, which positions are held by the same person.

inherent limitations to the effectiveness of any system of disclosure controls and procedures.

of management, including our chief executive officer and acting chief financial officer, which positions are held by the same person.

There are inherent limitations to the effectiveness of any system of disclosure controls and procedures.

Accordingly, even effective disclosure

1 unchanged sentence

Based upon this evaluation, our chief

executive officer and chief financial officer concluded that, due to the material weaknesses in our internal control over financial reporting,

our disclosure controls were not effective as of September 30, 2023, such that the information required to be disclosed by us in

reports filed under the Securities Exchange Act of 1934 is (i) recorded, processed, summarized and reported within the time periods specified

in the SEC’s rules and forms and (ii) accumulated and communicated to the chief executive officer and chief financial officer, as

appropriate to allow timely decisions regarding disclosure.

Changes in Internal Control over Financial

As reported in our annual report on Form 10-K

for the year ended December 31, 2022, management has determined that our internal control over financial reporting contains material weaknesses

due to lack of segregation of duties within accounting functions as well as lack of qualified accounting personnel and excessive reliance

on third party consultants for accounting, financial reporting and related activities.

These problems continue to affect us as we only

have one full-time executive officer, who is our only full-time employee and who serves as chief executive officer and chief financial

During the period ended September 30, 2023,

there was no change in our internal control over financial reporting (as such term is defined in Rule 13a-15(f) under the Exchange Act)

that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

executive officer and acting chief financial officer concluded that, due to the material weaknesses in our internal control over financial

reporting, our disclosure controls were not effective as of March 31, 2024, such that the information required to be disclosed by

us in reports filed under the Securities Exchange Act of 1934 is (i) recorded, processed, summarized and reported within the time periods

specified in the SEC’s rules and forms and (ii) accumulated and communicated to the chief executive officer and acting chief financial

officer, as appropriate to allow timely decisions regarding disclosure.

Changes in Internal Control over Financial Reporting

There were no changes in our internal

control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during the most

recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over

financial reporting.

In light of the restatement of our financial statements included in amendment no.

1 to our annual report on

Form 10-K/A for the year ended December 31, 2023, which resulted from our failure to have effective internal controls over financial

reporting, we plan to enhance our processes to identify and appropriately apply applicable accounting requirements to better

evaluate and understand the nuances of the complex accounting standards that apply to our financial statements keeping in mind the

limitation resulting from our limited resources and our not having a full-time chief financial officer with an accounting

As previously disclosed, management has determined that our internal control over financial reporting contains material

weaknesses due to the absence of segregation of duties, as well as lack of qualified accounting personnel and excessive reliance on

third-party consultants for accounting, financial reporting and related activities.

The lack of any separation of duties, with the

same person, who is our only full time employee, serving as both chief executive officer and acting chief financial officer, and who

does not have an accounting background, makes it unlikely that we will be able to implement effective internal controls over

financial reporting in the near future.

During the period ended March 31, 2024, there

was no change in our internal control over financial reporting (as such term is defined in Rule 13a-15(f) under the Exchange Act) that

has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

7 unchanged sentences

Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

Pursuant to the requirements of the Securities Exchange Act of 1934,

the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

November 13, 2023

Pursuant to the requirements of the Securities Exchange Act of 1934, the

Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

QUEST PATENT RESEARCH CORPORATION

1 unchanged sentence

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