14 unchanged sentences
in Internal Controls over Financial Reporting
−Removed: our transition period ended December 31, 2023 , our Chief Executive Officer and Chief Financial Officer concluded that our internal
−Removed: control over financial reporting was not effective due to the material weaknesses described below.
−Removed: lack sufficient resources in our accounting department restricting our ability to review
−Removed: and approve certain material journal entries which increases the likelihood that a material
−Removed: misstatement of interim or annual financial statements might not be prevented.
−Removed: evaluated our current process of review and approval of certain material journal entries
−Removed: and concluded this deficiency represented a material weakness.
−Removed: lack sufficient resources in our accounting department, which restricts our ability to review
−Removed: certain material reconciliations related to financial reporting in a timely manner.
−Removed: our size and nature, segregation of all conflicting duties may not always be possible and
−Removed: may not be economically feasible.
−Removed: Management evaluated the impact of our failure to have
−Removed: proper segregation between the preparation, review and approval of account reconciliations
−Removed: and concluded that this control deficiency represented a material weakness.
−Removed: to resource restrictions, we have not established a three-way match of documents or other
−Removed: controls precise enough to detect a material misstatement in revenue.
−Removed: Management evaluated
−Removed: our current process of determining the occurrence of revenue and concluded this deficiency
−Removed: represented a material weakness.
−Removed: continue to work on improving and simplifying our internal processes and implement enhanced controls to address the material weaknesses
−Removed: in our internal control over financial reporting discussed above and to remedy the ineffectiveness of our disclosure controls and procedures.
−Removed: We are addressing our accounting resource requirements to help remediate the segregation of duties and plan to implement a concise “three-way”
−Removed: document matching procedure.
−Removed: These material weaknesses will not be considered as remediated until the applicable remediated controls
−Removed: are operating for a sufficient period and management has concluded, through testing, that these controls are operating effectively.
−Removed: the material weaknesses identified above, we believe that the consolidated financial statements included in the period covered by this
−Removed: report on Form 10-Q fairly present, in all material aspects, our financial conditions, results of operations and cash flows for the periods
+Added: Chief Executive Officer and Chief Financial Officer concluded that our internal control over financial reporting was not effective at
+Added: December 31, 2024 due to the material weaknesses described below.
+Added: We lacked sufficient resources in our accounting department restricting our ability to review and approve certain material journal entries
+Added: which increases the likelihood that a material misstatement of interim or annual financial statements might not be prevented.
+Added: We lacked sufficient resources in our accounting department, which resulted in our ability to have proper segregation of duties between
+Added: the preparation, review and approval certain material reconciliations related to financial reporting in a timely manner.
+Added: Due to our lack of sufficient resource restrictions in our accounting department, we have not established a three-way match of documents
+Added: or other controls precise enough to detect a material misstatement in revenue.
+Added: remediate these material weaknesses, we intend to conduct a thorough review of the accounting department to ensure that the staff has
+Added: the appropriate training and experience.
+Added: We may hire one or more accounting persons to assist us with our accounting and financial reporting
+Added: We also intend to implement more comprehensive written policies and procedures that address separation of duties and proper
+Added: accounting and financial reporting.
+Added: the material weaknesses identified above, we believe that the condensed consolidated financial statements included in the period covered
+Added: by this report fairly present, in all material aspects, our financial condition, results of operations and cash flows for the periods
presented in conformity with U.S.
generally accepted accounting principles.
−Removed: the fiscal quarter ended September 30, 2024, there were no additional changes in our internal control over financial reporting (as such
−Removed: term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) that have materially affected or are reasonably likely to materially
+Added: our fiscal quarter ended March 31, 2025, there were no additional changes in our internal control over financial reporting (as such term
+Added: is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) that have materially affected or are reasonably likely to materially
affect our internal control over financial reporting.
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.