What changed in this filing

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Item 4. Controls and Procedures

2022-05-12 compared with 2021-11-12 · 34 added, 34 removed, 14 unchanged (83% of the section changed)

10 unchanged sentences

required disclosure.

evaluating the effectiveness of our internal control over financial reporting, our management used the criteria set forth by the Committee

of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control - Integrated Framework 2013.

Based on this evaluation,

our Chief Executive Officer and our Chief Financial Officer determined, based upon the existence of the material weakness described below,

that we did not maintain effective internal control over financial reporting as of September 30, 2021.

did not design or maintain an effective control environment commensurate with the financial reporting requirements.

In evaluating the effectiveness of our internal

control over financial reporting, our management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway

Commission (COSO) in Internal Control - Integrated Framework 2013.

Based on this evaluation, our Chief Executive Officer and our Chief

Financial Officer determined, based upon the existence of the material weakness described below, that we did not maintain effective internal

control over financial reporting as of March 31, 2022.

Specifically, we lack a sufficient number of professionals with an appropriate

level of accounting knowledge, training and experience to appropriately analyze, record and disclose accounting matters timely and accurately

while maintaining appropriate segregation of duties.

Without such professionals, we did not design and maintain formal accounting policies,

procedures and controls to achieve complete, accurate and timely financial accounting, reporting and disclosures, including controls over

the preparation and review of account reconciliations and journal entries.

The lack of adequate staffing levels resulted

in insufficient time spent on review and approval of certain information used to prepare our financial statements and the maintenance

of effective controls to adequately monitor and review significant transactions for financial statement completeness and accuracy.

control deficiencies, although varying in severity, contributed to the material weakness in the control environment.

If one or more material

weaknesses persist or if we fail to establish and maintain effective internal control over financial reporting, our ability to accurately

report our financial results could be adversely affected.

The above material weakness did not result in

a material misstatement of our previously issued financial statements, however, it could result in a misstatement of our account balances

or disclosures that would result in a material misstatement of our annual or interim financial statements that would not be prevented

Management is taking steps to remediate the material

weakness in our internal control over financial reporting.

To address the issues, we plan to hire additional personnel.

Specifically,

we lack a sufficient number of professionals with an appropriate level of accounting knowledge, training and experience to appropriately

analyze, record and disclose accounting matters timely and accurately while maintaining appropriate segregation of duties.

such professionals, we did not design and maintain formal accounting policies, procedures and controls to achieve complete, accurate

and timely financial accounting, reporting and disclosures, including controls over the preparation and review of account reconciliations

and journal entries.

lack of adequate staffing levels resulted in insufficient time spent on review and approval of certain information used to prepare our

financial statements and the maintenance of effective controls to adequately monitor and review significant transactions for financial

statement completeness and accuracy.

These control deficiencies, although varying in severity, contributed to the material weakness in

the control environment.

If one or more material weaknesses persist or if we fail to establish and maintain effective internal control

over financial reporting, our ability to accurately report our financial results could be adversely affected.

above material weakness did not result in a material misstatement of our previously issued financial statements, however, it could result

in a misstatement of our account balances or disclosures that would result in a material misstatement of our annual or interim financial

statements that would not be prevented or detected.

is taking steps to remediate the material weakness in our internal control over financial reporting.

To address the issues, we plan to

hire additional personnel.

Specifically, management will:

management will:

the number of accounting personnel;

discussions with third party experts to assist management in completing a comprehensive risk assessment to identify, design and implement

control activities;

reviewing and enhancing business policies, procedures and related internal controls to standardize business processes.

expect to complete the remediation by the end of 2022.

We expect to incur additional costs to remediate this weakness, primarily personnel

in Internal Control Over Financial Reporting

third party experts to assist management in completing a comprehensive risk assessment to identify, design and implement control activities;

and enhance business policies, procedures and related internal controls to standardize business processes.

We expect to complete the remediation by the end

We expect to incur additional costs to remediate this weakness, primarily personnel costs.

Changes in Internal Control Over Financial

There have been no changes in our internal control

over financial reporting identified in connection with the evaluation that occurred during the third quarter ended September 30, 2021

that have materially affected, or are reasonably likely to materially affect, the internal control over financial reporting.

II – OTHER INFORMATION

over financial reporting identified in connection with the evaluation that occurred during the quarter ended March 31, 2022 that have

materially affected, or are reasonably likely to materially affect, the internal control 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.

What changed 10-Q

Item 4. Controls and Procedures