2 unchanged sentences
Cybersecurity
−Removed: Cyberattacks are a growing geopolitical risk, becoming larger, more frequent, more intricate and more relentless.
−Removed: These attacks represent a significant threat to individual organizations and their ability to conduct daily operations.
−Removed: We rely on accounting, financial, and operational management information systems to conduct our operations.
−Removed: Any disruption in these systems could adversely affect our ability to conduct our business.
−Removed: Furthermore, as part of our normal business activities, we collect and store common confidential information about customers, employees, vendors, and suppliers.
−Removed: This information is entitled to protection under a number of regulatory regimes.
−Removed: Any failure to maintain the security of the data, including the penetration of our network security and the misappropriation of confidential and personal information, could result in business disruption, damage to our reputation, financial obligations to third parties, fines, penalties, regulatory proceedings and private litigation with potentially large costs.
−Removed: This scenario may also result in a deterioration of customer confidence in us and potentially other competitive disadvantages.
−Removed: As such, a cyberattack could have a material adverse impact on our financial condition and results of operations.
−Removed: While we devote resources to implement and maintain security measures to protect our systems and data, these measures cannot provide absolute security against a cyberattack.
−Removed: In such an event, the insurance coverage we maintain may be inadequate to cover claims, costs, and liabilities relating to cybersecurity incidents.
−Removed: While we have not been subject to cyberattacks and other cyber incidents, we take cybersecurity preparedness seriously.
−Removed: Our risk management framework considers cybersecurity risk alongside other company risks as part of our overall risk assessment process.
−Removed: We have plans to implement cybersecurity training for all employees upon onboarding, and then annual follow-up training courses to ensure that all employees understand the risk and implications of a cyber event.
−Removed: We plan to implement a Cybersecurity Committee which will be responsible for the day-to-day management of cybersecurity risks, and which will meet bi-monthly to review our practices related to cyber events and risk management.
−Removed: The Committee will be composed of the Chief Financial Officer and our technical leadership staff.
−Removed: The Committee will develop and implement cybersecurity risk mitigation strategies and activities, including the management of comprehensive incident response plans, oversee the cybersecurity risks posed by third-party vendors, ensure policies and procedures are current and followed, and receive regular updates on cybersecurity-related matters.
−Removed: Further, the Committee will engage subject matter experts such as consultants and auditors to assist us in establishing processes to assess, identify, and manage potential and actual cybersecurity threats, to actively monitor our systems internally using widely accepted digital applications, processes, and controls, and to provide forensic assistance to facilitate system recovery in the case of an incident.
−Removed: The Audit Committee of our Board of Directors oversees our policies and practices with respect to risk assessment and risk management, including the review, in coordination with our management, of our management of cybersecurity.
−Removed: The Audit Committee will receive regular updates from the Cybersecurity Committee on the state of cybersecurity risks we face.
−Removed: This will include briefings on any significant cyber incidents and ongoing risk management efforts.
−Removed: These updates will enable the Audit Committee to provide informed reports on cybersecurity matters to the full Board.
−Removed: As of the date of this Annual Report on Form 10-K, we are not aware of any risks from cybersecurity threats that have materially affected or are reasonably likely to materially affect us, our business strategy, results of operations or financial condition.
+Added: Risk Management and Strategy
+Added: We are a smaller reporting company with limited personnel, no revenue during the fiscal year ended June 30, 2026, and limited financial and technical resources.
+Added: Our cybersecurity risk management processes are correspondingly limited in scope and formality and are administered directly by our executive officers .
+Added: We do not employ a chief information security officer and do not maintain a dedicated information security function.
+Added: The description below reflects the processes actually in place as of June 30, 2026.
+Added: We operate entirely remotely.
+Added: Our information technology environment consists of cloud-hosted accounting software, a cloud-based email and productivity suite, cloud file storage, and endpoint devices operated by our personnel.
+Added: We do not own or operate data center infrastructure, we do not maintain internally hosted servers, and we do not store customer data on systems we manage.
+Added: Substantially all of our information technology infrastructure is furnished by third-party service providers .
+Added: Our Chief Financial Officer, in consultation with our Chief Executive Officer, identifies and evaluates cybersecurity risks that could reasonably be expected to affect our systems, our data, or our ability to prepare and file accurate and timely periodic reports.
+Added: This evaluation is performed in connection with our periodic reporting process and upon any material change to our systems, service providers, or operations.
+Added: We have not adopted a written incident response plan.
+Added: Suspected cybersecurity incidents are escalated to our Chief Executive Officer and Chief Financial Officer.
+Added: We have not engaged any assessor, consultant, auditor, or other third party in connection with our cybersecurity risk management processes .
+Added: We have not implemented a formal, recurring cybersecurity training program for our personnel.
+Added: We do not maintain cybersecurity insurance.
+Added: Our ability to detect an incident is limited to the native capabilities of our third-party applications.
+Added: As of the date of this Annual Report, we are not aware of any risk from cybersecurity threats, including as a result of any previous cybersecurity incident, that has materially affected or is reasonably likely to materially affect the Company, including our business strategy, results of operations, or financial condition .
+Added: However, in light of the detection limitations described above, no assurance can be given that an incident has not occurred or will not occur.
+Added: Our Board of Directors has overall responsibility for oversight of risks from cybersecurity threats.
+Added: The Audit Committee, which currently consists of both members of the Board, oversees these matters.
+Added: Management provides the Board with information regarding cybersecurity risks and suspected material cybersecurity incidents as described below.
+Added: Our Chief Financial Officer, Mr.
+Added: Lucky, is the member of management with primary responsibility for assessing and managing material risks from cybersecurity threats.
+Added: In light of the Company’s limited personnel, cybersecurity responsibilities are administered by the Chief Financial Officer in consultation with the Chief Executive Officer.
+Added: Material cybersecurity matters are escalated to the Board promptly after identification.
As of the filing of this Annual Report, our Company and its employees work 100% remotely.
We rent our principal executive office from an unrelated third party on an annual basis for $564/year.
+Added: Legal Proceedings.
+Added: We are not currently party to, and none of our property is subject to, any material pending legal proceeding.
+Added: To the knowledge of management, no material legal proceeding is threatened against us or our officers or directors in their capacities as such.
+Added: Mine Safety Disclosures.
+Added: Not applicable.
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.