Item 4. Controls and Procedures
ITEM 4. CONTROLS AND PROCEDURES
Disclosure controls and procedures are controls
and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the
Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.
Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to
be disclosed in our reports filed or submitted under the Exchange Act is accumulated and communicated to our management, including our
Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.
Evaluation of Disclosure Controls and Procedures
As required by Rules 13a-15 and 15d-15 under
the Exchange Act, our Chief Executive Officer and Chief Financial Officer carried out an evaluation of the effectiveness of the design
and operation of our disclosure controls and procedures as of March 31, 2021. Based upon their evaluation, and in light of the material
weakness in internal controls described below, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls
and procedures (as defined in Rules 13a-15 (e) and 15d-15 (e) under the Exchange Act) were not effective. Due solely to
the events that led to the restatement of our financial statements, management identified a material weakness in internal controls related
to the accounting for warrants issued in connection with our initial public offering, as described in Note 2 to the Notes to Consolidated
Financial Statements entitled “Restatement of Previously Issued Financial Statements” our Annual Report as amended on Form
10-K/A filed with the SEC on April 22, 2021.
Changes in Internal Control Over Financial
Reporting
During
the most recently completed fiscal quarter, there has been no change in our internal control over financial reporting that has materially
affected, or is reasonably likely to materially affect, our internal control over financial reporting , as the circumstances that
led to the restatement of our financial statements described in our Annual Report as amended on Form 10-K/A filed with the SEC on April
22, 2021 had not yet been identified.
PART II - OTHER INFORMATION
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.