−Removed: There have been no material changes to the risk factors disclosed in “Risk Factors”
−Removed: in our Annual Report on Form 10-K as filed with the SEC on March 31, 2022.
−Removed: We encourage investors to review the risk factors and uncertainties relating to our business disclosed in that Form 10-K, as well as those contained in Part 1, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations, above.
+Added: We have identified a material weakness in our internal control over financial reporting.
+Added: If we fail to develop or maintain an effective system of internal controls, we may not be able to accurately report our financial results or prevent fraud.
+Added: As a result, current and potential stockholders could lose confidence in our financial reporting, which would harm our business and the trading price of our securities.
+Added: In connection with the preparation of our unaudited condensed consolidated interim financial statements for the three months ended March 31, 2024, management identified a material weakness during its assessment of internal controls over financial reporting.
+Added: Specifically, we concluded that our controls to address the risks associated with the tax implications of significant and unusual transactions and their impact to our financial reporting were not effectively designed or maintained.
+Added: As defined in the Standards of the Public Company Accounting Oversight Board, a material weakness 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 the Company’s annual or interim consolidated financial statements will not be prevented or detected on a timely basis.
+Added: Our management is executing a plan to remediate the material weakness, although there can be no assurance that such our plan will be successful.
+Added: Management continues to review and assess our internal controls to ensure we have adequate internal financial and accounting controls.
+Added: However, any failure to maintain or implement required new or improved controls, or any difficulties we encounter in their implementation, could result in additional material weaknesses, and cause us to fail to meet our periodic reporting obligations or result in material misstatements in our financial statements.
+Added: Any such failure could also adversely affect the results of periodic management evaluations regarding the effectiveness of our internal control over financial reporting that are required with respect to annual reports that we will file.
+Added: The existence of a material weakness could result in errors in our financial statements that could cause us to fail to meet our reporting obligations and cause investors to lose confidence in our reported financial information which may lead to a decline in our stock price.
+Added: Other than the risk factor discussed above, there have been no material changes to the risk factors disclosed in “Risk Factors” in our Annual Report on Form 10-K as filed with the SEC on March 25, 2024.
+Added: We encourage investors to review the risk factors and uncertainties relating to our business disclosed in that Form 10-K, as well as those contained in Part 1, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations, above.
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.