5 unchanged sentences
Act”), is recorded, processed, summarized and reported, within the time period specified in the SEC’s rules and forms and
−Removed: is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate,
−Removed: in order to allow timely decisions regarding required disclosure.
+Added: is accumulated and communicated to our management, including our Chief Executive Officer and Principal Financial and Accounting Officer,
+Added: as appropriate, in order to allow timely decisions regarding required disclosure.
Evaluation of Disclosure Controls and Procedures
5 unchanged sentences
specified in the SEC’s rules and forms and (ii) accumulated and communicated to our management, including our Chief Executive Officer
−Removed: and Principal Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.
+Added: and Principal Financial and Accounting Officer, as appropriate, to allow timely decisions regarding required disclosure.
Our Chief Executive Officer does not expect that our disclosure controls
9 unchanged sentences
Changes in internal controls over financial reporting
−Removed: In connection with our transformation into a pharmaceutical royalty
−Removed: company, we terminated our executive management team and all other employees, except for our former General Counsel and current Chief
−Removed: Executive Officer.
−Removed: As of September 30, 2024, we employed one full-time employee primarily engaged in an executive position.
−Removed: We have engaged
−Removed: external consultants who support our relationship with current partners and assist with certain financial, legal and regulatory matters
−Removed: and the continued wind-down of our historical commercial business operations.
−Removed: As a result of these changes, we have updated our risk assessment
−Removed: and design of internal controls over financial reporting that align with reduced transaction volume and reliance on external consultants
−Removed: to manage the day-to-day operations of the Company.
−Removed: The Company is and will continue to evaluate changes to processes, information technology
−Removed: systems and other components of internal controls over financial reporting as part of its ongoing business transformation activities,
−Removed: and as a result, controls may be periodically changed.
−Removed: The Company believes, however, that it will be able to maintain sufficient controls
−Removed: over its financial reporting throughout this transformation process.
−Removed: During the first quarter of fiscal year 2024, we deployed a new ERP system
−Removed: which is anticipated to enhance our operating and financial processes over time.
−Removed: Processes and internal controls have been updated and
−Removed: are consistent with our internal control framework, and we have evaluated the operating effectiveness of related key controls.
−Removed: processes continue to be evaluated to give appropriate consideration of modifications needed to maintain the effectiveness of internal
−Removed: controls over financial reporting.
+Added: There was no change in our internal control over financial reporting
+Added: during our most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control
+Added: over financial reporting.
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.