What changed in this filing

/stocks — the workspaceLOADING

Item 4. Controls and Procedures

2025-02-19 compared with 2025-01-14 · 36 added, 35 removed, 28 unchanged (72% of the section changed)

1 unchanged sentence

Controls and Procedures

In connection with

the restatement of the Company’s financial statements included in this Amendment, our Chief Executive Officer and Chief Financial

Officer re-evaluated the effectiveness of the design and operation of our disclosure controls and procedures and internal control over

financial reporting, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “ Exchange

Act ”), as of June 30, 2023.

To ensure that information

required to be disclosed by us in the reports filed or submitted by us under the Exchange Act is recorded, processed, summarized and

reported, within the time periods specified in the rules and forms of the SEC, including to ensure that information required to be disclosed

by us in the reports filed or submitted by us under the Exchange Act is accumulated and communicated to our management, including our

Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

Based on that re-evaluation,

our Chief Executive Officer and Chief Financial Officer have concluded that as of June 30, 2023, our disclosure controls and procedures

and internal control over financial reporting were not effective, due to material weaknesses in SSi’s internal control in that:

We failed to design controls and procedures to provide reasonable assurance

GAAP was being properly applied to the matters resulting the restatement of our financial statements, including accounting for

merger transaction, recognition of revenue in case of deferred payment sales, recognition of right of use of certain assets and lease

liabilities and functional and other classifications, resulting in the accounting errors described in Note 1.

Restatement of Previously

Issued Condensed Consolidated Financial Statements of this Amendment.

We do not have written documentation of our internal

control policies and procedures.

Written documentation of key internal controls over financial reporting is a requirement of Section

In connection with the restatement of the

Company’s financial statements included in this Amendment, our Chief Executive Officer and Chief Financial Officer re-evaluated

the effectiveness of the design and operation of our disclosure controls and procedures and internal control over financial reporting,

as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”),

as of March 31, 2024.

To ensure that information required to be

disclosed by us in the reports filed or submitted by us under the Exchange Act is recorded, processed, summarized and reported, within

the time periods specified in the rules and forms of the SEC, including to ensure that information required to be disclosed by us in

the reports filed or submitted by us under the Exchange Act is accumulated and communicated to our management, including our Chief Executive

Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

Based on that re-evaluation, our Chief Executive

Officer and Chief Financial Officer have concluded that as of March 31, 2024, our disclosure controls and procedures and internal control

over financial reporting were not effective, due to material weaknesses in SSi’s internal control in that:

failed to design controls and procedures to provide reasonable assurance that U.S.

being properly applied to the matters resulting the restatement of our financial statements,

including accounting for merger transaction, recognition of revenue in case of deferred payment

sales, recognition of right of use of certain assets and lease liabilities and functional

and other classifications, resulting in the accounting errors described in Note 1.

of Previously Issued Condensed Consolidated Financial Statements of this Amendment.

do not have written documentation of our internal control policies and procedures.

documentation of key internal controls over financial reporting is a requirement of Section

404 of the Sarbanes-Oxley Act.

Management evaluated the impact of our failure to have written documentation of our internal controls

and procedures on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted

represented a material weakness.

We do not have sufficient segregation of duties

within accounting functions, which is a basic internal control.

Due to our size and nature, segregation of all conflicting duties

may not always be possible and may not be economically feasible.

However, to the extent possible, the initiation of transactions,

the custody of assets and the recording of transactions should be performed by separate individuals.

Management evaluated the impact

of our failure to have segregation of duties on our assessment of our disclosure controls and procedures and procedures and has concluded

that the control deficiency that resulted represented a material weakness.

Management evaluated the impact of our failure to have written

documentation of our internal controls and procedures on our assessment of our disclosure

controls and procedures and has concluded that the control deficiency that resulted represented

a material weakness.

do not have sufficient segregation of duties within accounting functions, which is a basic

internal control.

Due to our size and nature, segregation of all conflicting duties may not

always be possible and may not be economically feasible.

However, to the extent possible,

the initiation of transactions, the custody of assets and the recording of transactions should

be performed by separate individuals.

Management evaluated the impact of our failure to have

segregation of duties on our assessment of our disclosure controls and procedures and procedures

and has concluded that the control deficiency that resulted represented a material weakness.

Remediation Plan

23 unchanged sentences

this report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

II – OTHER INFORMATION

PART II – OTHER INFORMATION

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/A

Item 4. Controls and Procedures