What changed in this filing

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Item 4. Controls and Procedures

2021-02-09 compared with 2020-08-10 · 18 added, 24 removed, 25 unchanged (63% of the section changed)

6 unchanged sentences

as appropriate to allow timely decisions regarding required disclosure.

connection with the preparation of this Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, an evaluation was performed

under the supervision and with the participation of management, including the chief executive officer and chief financial officer,

of the effectiveness of the design and operation of the Company’s disclosure controls and procedures.

Based on their evaluation,

they have concluded that our disclosure controls and procedures were not effective as of June 30, 2020.

This determination is

based on the previously reported material weakness management previously identified in our internal control over financial reporting,

connection with the preparation of this Quarterly Report on Form 10-Q for the quarter ended December 31, 2020, an evaluation was

performed under the supervision and with the participation of management, including the chief executive officer and chief financial

officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures.

their evaluation, they have concluded that our disclosure controls and procedures were not effective as of December 31, 2020.

This determination is based on the previously reported material weakness management previously identified in our internal control

over financial reporting, as described below.

We are in the process of remediating the material weakness in our internal control,

as described below.

We are in the process of remediating the material weakness in our internal control, as described below.

We believe the completion of these processes should remedy our disclosure controls and procedures.

We will continue to monitor

these issues.

continue to monitor these issues.

Reported Material Weakness in Internal Control Over Financial Reporting

our Annual Report for the year ended September 30, 2019, filed with the SEC on February 13, 2020, management concluded that our

our Annual Report for the year ended September 30, 2020, filed with the SEC on December 14, 2020, management concluded that our

internal control over financial reporting was not effective as of September 30, 2020.

In the evaluation, management identified

a material weakness in internal control related to ineffective financial statement close and reporting controls in the areas of

management review of financial statement information, independent review of journal entries, disclosure of related party transactions,

and accounting for loss contingencies.

a material weakness in internal control related to the proper design and implementation of controls over our income tax provision,

specifically over management’s review of the income tax provision.

Efforts to Address Material Weakness

4 unchanged sentences

implemented, and operating effectively.

address the material weakness, management has completed, or is in the process of:

policies and procedures to enhance the precision of management review of financial statement information;

policies and procedures to enhance independent review of journal entries;

and implementing procedures to ensure the completeness of related party disclosures;

and implementing procedures related to the identification and accounting for loss contingencies.

believe that these actions will remediate the material weakness.

The material weakness will not be considered remediated, however,

until the applicable controls operate for a sufficient period of time and management has concluded, through testing, that these

controls are operating effectively.

Management will enhance our risk assessment

process over the design and implementation of internal controls over the income tax provision, including enhanced review controls

to be performed by senior accounting management.

In addition, management has retained the services of a new third-party income

tax consultant to assist in the preparation and review of the income tax provision.

is our belief that these actions will effectively remediate the existing material weakness.

in Internal Control Over Financial Reporting

than as described above, no changes in the Company’s internal control over financial reporting that occurred during the

quarter ended June 30, 2020 that have materially affected, or are reasonably likely to materially affect, the Company’s

quarter ended December 31, 2020 that have materially affected, or are reasonably likely to materially affect, the Company’s

internal control over financial reporting.

4 unchanged sentences

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