3 unchanged sentences
The Company's controls and procedures are designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Securities Exchange Act of 1934, as amended (the "Exchange Act") is accumulated and communicated to the Company's management, including its principal executive and principal financial officer to allow timely decisions regarding required disclosure.
−Removed: We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) at March 31, 2022 based on the evaluation of these controls and procedures required by paragraph (b) of Rule 13a-15 or Rule 15d-15 under the Exchange Act.
+Added: We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) at June 30, 2022, based on the evaluation of these controls and procedures required by paragraph (b) of Rule 13a-15 or Rule 15d-15 under the Exchange Act.
This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer.
−Removed: Based upon the evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, at March 31, 2022, our disclosure controls and procedures were not effective as a result of the previously identified material weaknesses disclosed below.
+Added: Based upon the evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, on June 30, 2022, our disclosure controls and procedures were not effective as a result of the previously identified material weaknesses disclosed below.
Internal Control over Financial Reporting
−Removed: In connection with its evaluation of the internal control over financial reporting for the year ended December 31, 2021, management identified the following material weaknesses in our internal controls over financial reporting:
+Added: In connection with its evaluation of the internal control over financial reporting for the year ended December 31, 2021, management identified the following material weaknesses in our internal control over financial reporting:
Management did not maintain appropriately designed entity-level controls impacting the control environment and monitoring activities to prevent or detect material misstatements to the consolidated financial statements.
8 unchanged sentences
Coding of transactions within the purchase to disbursement cycle.
+Added: Tab l e of Contents
These material weaknesses were partially related to employee turnover, resulting in a temporary shortage of qualified personnel to effectively perform the internal controls referenced above.
5 unchanged sentences
The material weaknesses will be considered remediated when management concludes that, through testing, the applicable remedial controls are designed and implemented effectively.
−Removed: We are still assessing the design and operating effectiveness of these measures and, as such, the identified material weaknesses have not been fully remediated as of March 31, 2022.
−Removed: We will continue to monitor the effectiveness of these remediation measures and will make any changes and take such other actions that we deem appropriate.
+Added: We are still assessing the design and operating effectiveness of these measures and, as such, the identified material weaknesses have not been fully remediated as of June 30, 2022.
+Added: We will continue to monitor the effectiveness of these remediation measures and will make any changes and take other actions that we deem appropriate.
Changes in Internal Control over Financial Reporting
−Removed: Other than the ongoing remediation activities listed above, there has been no change in our internal control over financial reporting during the quarter ended March 31, 2022 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
+Added: Other than the ongoing remediation activities listed above, there has been no change in our internal control over financial reporting during the quarter ended June 30, 2022 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
+Added: Tab l e of Contents
PART II—OTHER INFORMATION
Legal Proceedings
−Removed: Information regarding legal proceedings may be found in Note 1 4 – Commitments and Contingencies to the condensed consolidated financial statements.
−Removed: There were no material changes in the period ended March 31, 2022 in our risk factors as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2021.
−Removed: Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: Defaults upon Senior Securities
−Removed: Mine Safety Disclosures
−Removed: Not applicable.
+Added: Information regarding legal proceedings may be found in Note 1 9 – Commitments and Contingencies to the unaudited consolidated financial statements.
+Added: There were no material changes in the period ended June 30, 2022, in our risk factors as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2021.
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.