Controls and Procedures
−Removed: The term “disclosure controls and procedures,” as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, refers to controls and procedures that are designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms.
−Removed: Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the company’s management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
−Removed: In designing and evaluating our disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.
−Removed: In addition, the design of disclosure controls and procedures must reflect the fact there are resource constraints and management is required to apply judgment in evaluating the benefits of possible controls and procedures relative to their costs.
−Removed: The Company maintains disclosure controls and procedures designed to ensure that information required to be disclosed in reports filed or submitted under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms, and that such information is communicated to management, including the Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.
−Removed: With the participation of our Chief Executive Officer and Chief Financial Officer, management evaluated the effectiveness of these disclosure controls and procedures as of September 30, 2025.
−Removed: Based on this evaluation, management concluded that our disclosure controls and procedures were not effective due to material weaknesses in internal control over financial reporting.
−Removed: These material weaknesses included:
−Removed: (i) inadequate technical training and supervisory review within the accounting function, which limited the ability of personnel to evaluate complex accounting matters and appropriately review the work of specialists;
−Removed: (ii) insufficient oversight and dual-authorization controls over certain treasury and fixed-asset processes;
−Removed: and (iii) inconsistent adherence to corporate governance review and authorization procedures for significant transactions and external disclosures, resulting in insufficient executive and Board-level oversight.
−Removed: These deficiencies create a reasonable possibility that a material misstatement of the financial statements will not be prevented or detected in a timely manner.
−Removed: Management has begun implementing remediation measures, including providing additional technical accounting and internal control training to accounting personnel, realigning responsibilities to enhance segregation of duties and supervisory review, strengthening review controls over treasury and fixed-asset processes, and increasing executive and Audit Committee oversight of financial reporting and disclosure activities.
−Removed: Remediation efforts remain ongoing and will continue in future periods.
+Added: Our management, with the participation of our Chief Executive Officer (Principal Executive Officer) and Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer), evaluated the effectiveness of our disclosure controls and procedures as of March 31, 2026 pursuant to Rules 13a-15(e) and 15d-15(e) under the Exchange Act.
+Added: Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of March 31, 2026, our disclosure controls and procedures were not effective due to the material weaknesses in internal control over financial reporting described below.
+Added: The material weaknesses primarily relate to insufficient personnel within our accounting and financial reporting functions, which has impacted segregation of duties and effective review controls over certain accounting processes, including technical accounting matters and the work of specialists involved in the estimation process.
+Added: These deficiencies create a reasonable possibility that material misstatements of the financial statements may not be prevented or detected on a timely basis.
+Added: Management continues to implement remediation measures intended to address these material weaknesses, including enhanced review procedures, expanded use of external accounting and valuation specialists, improved oversight processes, and efforts to strengthen the Company’s accounting and financial reporting personnel resources.
+Added: While progress has been made, the material weaknesses had not been fully remediated as of March 31, 2026.
Changes in Internal Control Over Financial Reporting
−Removed: Other than the remediation activities described above—including enhanced training, improved review controls, realignment of personnel responsibilities, and increased oversight—there were no other changes in our internal control over financial reporting during the quarter ended September 30, 2025 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: Other than the remediation activities described above, there were no other changes in our internal control over financial reporting during the quarter ended March 31, 2026 that materially affected, or are reasonably likely to materially affect, the Company’s our 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.