1 unchanged sentence
Evaluation of Disclosure Controls and Procedures
−Removed: Our management, with the participation of our principal executive officer and principal accounting officer, has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Securities Exchange Act of 1934, as amended, or the Exchange Act) as of September 30, 2021.
+Added: Our management, with the participation of our principal executive officer and principal accounting officer, has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Exchange Act) as of March 31, 2022.
The term “disclosure controls and procedures,”
2 unchanged sentences
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 our management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures.
−Removed: Based on the evaluation of our disclosure controls and procedures as of September 30, 2021, our principal executive officer and principal accounting officer concluded that, as of such date, our disclosure controls and procedures were effective at the reasonable assurance level, except with respect to the event described below.
−Removed: Material Weakness
−Removed: As reported in our Quarterly Report on Form 10-Q with the SEC on August 12, 2021, we identified a material weakness in our internal controls over financial reporting relating to the reconciliation and review of our accounts in a timely manner.
−Removed: A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s interim or annual financial statements will not be prevented or detected on a timely basis.
−Removed: Specifically, our identified material weakness existing in our financial reporting process relates to the lack of sufficient accounting resources to execute certain controls related to the reconciliation and review of accounts in a timely manner.
−Removed: The material weakness remains unremediated at September 30, 2021.
−Removed: The material weakness had no impact on any amounts reported in the financial statements for the quarter ended September 30, 2021 or for any previous period.
−Removed: Remediation Efforts to Address Material Weakness
−Removed: Remediation action plans have been identified and implemented with regard to controls related to the reconciliation and review of accounts in a timely manner.
−Removed: We have reassessed the design and operation of the internal controls over our financial statement close process and have realigned our accounting staffing levels and experience.
−Removed: The material weakness had no impact on any amounts reported in the financial statement for the quarter ended September 30, 2021 or for any previous period.
−Removed: The effectiveness of these internal controls that have been implemented to date will be tested beginning in the fourth quarter of 2021.
−Removed: Management is committed to remediating the material weakness in a timely manner.
+Added: Based on the evaluation of our disclosure controls and procedures as of March 31, 2022, our principal executive officer and principal accounting officer concluded that, as of such date, our disclosure controls and procedures were effective at the reasonable assurance level.
Changes in Internal Control over Financial Reporting
−Removed: We have taken actions to remediate the material weakness related to our internal control over financial reporting, as described above.
−Removed: Other than the changes disclosed above, there were no material changes in our internal control over financial reporting identified in connection with the evaluation required by Rules 13a-5 and 15d-15 under the Exchange Act that occurred during the quarter ended September 30, 2021 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
−Removed: Part II - Other Information
+Added: There were no changes in our internal control over financial reporting (as defined in Rule 13(a)-15(f) of the Exchange Act) that occurred during the three months ended March 31, 2022 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: 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.