What changed in this filing

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Item 4. Controls and Procedures

2020-07-31 compared with 2020-05-13 · 27 added, 31 removed, 2 unchanged (97% of the section changed)

Controls and Procedures

Management’s Evaluation of our

Disclosure Controls and Procedures

We maintain disclosure controls and procedures

(as defined in Rules 13a-15(e) or 15d-15(e) under the Exchange Act) that are designed to ensure that information required to be

disclosed in the reports that we file or submit under the Exchange Act is (1) recorded, processed, summarized, and reported within

the time periods specified in the SEC’s rules and forms and (2) accumulated and communicated to our management, including

our principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required

As of March 31, 2020, our management, with

the participation of our principal executive officer and principal financial officer, evaluated the effectiveness of our disclosure

controls and procedures as of the end of the period covered by this Quarterly Report.

Our management recognizes that any controls

and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives,

and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

Our principal executive officer and principal financial officer have concluded based upon the evaluation described above that,

as of March 31, 2020, our disclosure controls and procedures were effective at the reasonable assurance level.

We continue to review and document our disclosure

controls and procedures, including our internal controls and procedures for financial reporting, and may from time to time make

changes aimed at enhancing their effectiveness and to ensure that our systems evolve with our business.

Changes in Internal Control Over Financial Reporting

On January 9, 2020, the Company consummated

a reverse merger.

The historical consolidated financial statements of Private ArTara became the historical consolidated financial

statements of the registrant.

During the three months ended March 31, 2020, upon becoming a public company as a result of the Merger,

the Company hired a Chief Financial Officer and implemented additional closing procedures to strengthen its process and shorten

its closing cycle for financial reporting.

Other than such changes related to this integration, there were no other changes in

our internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15(d)-15(f) promulgated under the

Securities Exchange Act of 1934, that have materially affected, or are reasonably likely to materially affect, our internal control

over financial reporting.

PART II –

Management’s

Evaluation of our Disclosure Controls and Procedures

maintain disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Exchange Act) that are designed

to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act is (1) recorded,

processed, summarized, and reported within the time periods specified in the SEC’s rules and forms and (2) accumulated and

communicated to our management, including our principal executive officer and principal financial officer, as appropriate, to

allow timely decisions regarding required disclosure.

of June 30, 2020, our management, with the participation of our principal executive officer and principal financial officer, evaluated

the effectiveness of our disclosure controls and procedures as of the end of the period covered by this Quarterly Report.

management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable

assurance of achieving their objectives, and management necessarily applies its judgment in evaluating the cost-benefit relationship

of possible controls and procedures.

Our principal executive officer and principal financial officer have concluded based upon

the evaluation described above that, as of June 30, 2020, our disclosure controls and procedures were effective at the reasonable

assurance level.

continue to review and document our disclosure controls and procedures, including our internal controls and procedures for financial

reporting, and may from time to time make changes aimed at enhancing their effectiveness and to ensure that our systems evolve

with our business.

in Internal Control Over Financial Reporting

During the three months ended June 30,

2020, the Company hired a Senior Manager of Finance, implemented additional review and validation procedures for the tracking

of contractual obligations and the monthly and quarterly financial accounting close process, implemented enhanced controls and

procedures for accounts payable and implemented an online stock plan administration platform.

Other than as described herein,

there were no other changes in our internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15(d)-15(f)

promulgated under the Securities Exchange Act of 1934, that have materially affected, or are reasonably likely to materially affect,

our internal control over financial reporting.

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

Item 4. Controls and Procedures