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Item 9A. Controls and Procedures

2023-03-27 compared with 2022-03-28 · 57 added, 47 removed, 188 unchanged (36% of the section changed)

AND PROCEDURES

CONTROLS AND PROCEDURES

controls and procedures are designed to ensure that information required to be disclosed in our reports filed or submitted under the

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the supervision and with the participation of our management, including our Chief Executive Officer and our Chief Financial Officer,

Ajjarapu and Mr.

Doss, respectively, we conducted an evaluation of the effectiveness of the design and operation of our disclosure

Ajjarapu and Ms.

Huffman, respectively, we conducted an evaluation of the effectiveness of the design and operation of our disclosure

controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, as of the end of the period covered by this

Annual Report (December 31, 2022).

Based on this evaluation, our Chief Executive Officer and our Chief Financial Officer concluded that

as of December 31, 2021, our disclosure controls and procedures were not effective to provide reasonable assurance that information required

to be disclosed in our reports filed with the SEC pursuant to the Exchange Act, is recorded, processed, summarized and reported within

the time periods specified in the rules and forms of the SEC and that such information is accumulated and communicated to our management,

including our CEO and CFO, as appropriate, to allow timely decisions regarding required disclosures.

Based on this evaluation, our Chief Executive Officer and our Chief Financial Officer

concluded that as of December 31, 2022, our disclosure controls and procedures were not effective to provide reasonable assurance

that information required to be disclosed in our reports filed with the SEC pursuant to the Exchange Act, is recorded, processed, summarized

and reported within the time periods specified in the rules and forms of the SEC and that such information is accumulated and communicated

to our management, including our CEO and CFO, as appropriate, to allow timely decisions regarding required disclosures.

a result of the formative stage of our development, the Company has not fully implemented the necessary internal controls.

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requirements and application of GAAP and SEC disclosure requirements.

has prepared and is in the process of implementing sufficient written policies and checklists to remedy the following material

weaknesses (i) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and

application of GAAP and SEC disclosure requirements;

has prepared and is in the process of implementing sufficient written policies and checklists to remedy the following material weaknesses

(i) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application

of GAAP and SEC disclosure requirements;

and (ii) ineffective controls over period end financial close and reporting processes.

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a result of COVID-19, our workforce operated primarily in a work from home environment for the year ended December 31, 2022.

While pre-existing

controls were not specifically designed to operate in our current work from home operating environment, we do not believe that such work

from home actions have had a material adverse effect on our internal controls over financial reporting.

We have continued to re-evaluate

and refine our financial reporting process to provide reasonable assurance that we could report our financial results accurately and

While pre-existing controls were not specifically designed to operate in our current work-from-home operating environment, we do not

believe that such work-from-home actions have had a material adverse effect on our internal controls over financial reporting.

continued to re-evaluate and refine our financial reporting process to provide reasonable assurance that we could report our financial

results accurately and timely.

OTHER INFORMATION

REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

DISCLOSURE REGARDING

FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

required by Items 10, 11, 12, 13 and 14 of Part III is omitted from this Annual Report and will be filed in a definitive proxy statement

1 unchanged sentence

to any extension provided by Exchange Act Rule 0-3).

EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

information required by this Item will be set forth in the Company’s 2023 Proxy Statement to be filed with the SEC within 120 days

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herein by reference.

EXECUTIVE COMPENSATION

information required by this Item will be set forth in the Company’s 2023 Proxy Statement to be filed with the SEC within 120 days

after December 31, 2021 (subject to any extension provided by Exchange Act Rule 0-3) , including

under the headings “ Executive Compensation ”, “ Directors Compensation ”, “ Outstanding Equity

Awards at Fiscal Year-End ”, “ Compensation Committee Interlocks and Insider Participation ” and “ Compensation

after December 31, 2022 (subject to any extension provided by Exchange Act Rule 0-3) ,

including under the headings “ Executive Compensation ”, “ Directors Compensation ”, “ Outstanding

Equity Awards at Fiscal Year-End ”, “ Compensation Committee Interlocks and Insider Participation ” and “ Compensation

Committee Report ” (to the extent required), and is incorporated herein by reference.

OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF

CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

information required by this Item will be set forth under the heading “ Voting Rights and Principal Stockholders ” and

“ Equity Compensation Plan Information ” in the Company’s 2023 Proxy Statement to be filed with the SEC within

120 days after December 31, 2021 (subject to any extension provided by Exchange Act Rule 0-3) ,

and is incorporated herein by reference.

RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

120 days after December 31, 2022 (subject to any extension provided by Exchange Act

Rule 0-3) and is incorporated herein by reference.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS,

AND DIRECTOR INDEPENDENCE

information required by this Item will be set forth in the Company’s 2023 Proxy Statement to be filed with the SEC within 120 days

after December 31, 2021 (subject to any extension provided by Exchange Act Rule 0-3) , including

under the headings “ Certain Relationships and Related Transactions ” and “ Committees of the Board ”

after December 31, 2022 (subject to any extension provided by Exchange Act Rule 0-3) ,

including under the headings “ Certain Relationships and Related Transactions ” and “ Committees of the Board ”

- “ Director Independence ”, and is incorporated herein by reference.

ACCOUNTANT FEES AND SERVICES

PRINCIPAL ACCOUNTANT FEES AND SERVICES

information required by this Item will be set forth under the heading “ Ratification of Appointment of Auditors ” -

“ Audit Fees ” in the Company’s 2023 Proxy Statement to be filed with the SEC within 120 days after December 31,

2021 (subject to any extension provided by Exchange Act Rule 0-3) , and is incorporated herein

by reference.

FINANCIAL STATEMENTS AND SCHEDULES

2022 (subject to any extension provided by Exchange Act Rule 0-3) , and is incorporated herein by reference.

EXHIBITS, FINANCIAL STATEMENTS AND SCHEDULES

Documents filed as part of this Annual Report:

following is an index of the financial statements, schedules and exhibits included in this Form 10-K or incorporated herein by reference.

All Financial Statements

Index to Consolidated

Financial Statements

to Consolidated Financial Statements

Report of Independent Registered Public Accounting Firm

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Notes to Consolidated Financial Statements

Financial Statement Schedules

Consolidated Financial

Statement Schedules

as provided above, all financial statement schedules have been omitted, since the required information is not applicable or is not present

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statements and notes thereto included in this Form 10-K.

Incorporated by Reference

Filed/Furnished

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Certification of Principal Accounting Officer Pursuant to Section 906 of the Sarbanes-Oxley Act**

XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within

the Inline XBRL document

Inline XBRL Instance Document - the instance document

does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document

Taxonomy Extension Schema Document

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Taxonomy Extension Presentation Linkbase Document

XBRL for the cover page of this Annual Report on Form 10-K, included in the Exhibit 101 Inline XBRL Document Set.

Inline XBRL for the cover page of this Annual Report

on Form 10-K, included in the Exhibit 101 Inline XBRL Document Set.

Filed herewith.

Furnished herewith.

Indicates management contract or compensatory plan or arrangement.

Indicates management contract or compensatory plan

or arrangement.

FORM 10–K SUMMARY

to the requirements of Section 13 or 15(d) 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.

TRxADE HEALTH, INC.

March 27, 2023

/s/ Suren Ajjarapu

Ajjarapu, Chief Executive Officer (Principal Executive Officer)

Suren Ajjarapu, Chief Executive

Officer (Principal Executive Officer)

March 27, 2023

/s/ Howard A.

Doss, Chief Financial Officer (Principal Financial and Accounting Officer)

Financial and Accounting Officer)

to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the

registrant and in the capacities and on the dates indicated.

Chairman of the Board, Chief Executive Officer and

March 27, 2023

Suren Ajjarapu

of the Board, Chief Executive Officer and Secretary

Executive Officer)

Financial Officer

Financial and Accounting Officer)

(Principal Executive Officer)

Director, President, Principal Accounting Officer and

Chief Operating Officer

March 27, 2023

Prashant Patel

President and Chief Operating Officer

March 27, 2023

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-K

Item 9A. Controls and Procedures