What changed in this filing

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Item 4. Controls and Procedures

2021-05-24 compared with 2020-11-16 · 23 added, 27 removed, 5 unchanged (91% of the section changed)

1 unchanged sentence

Controls and Procedures

to Rule 13a-15(b) under the Securities Exchange Act of 1934 (“Exchange Act”), the Company carried out an evaluation,

with the participation of the Company’s management, including the Company’s Chief Executive Officer (“CEO”)

and Chief Financial Officer (“CFO”) (the Company’s principal financial and accounting officer), of the effectiveness

of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the end

of the period covered by this report.

The framework used by management in making that assessment was the criteria set forth in

the document entitled “Internal Control –

Integrated Framework”

issued by the Committee of Sponsoring Organizations

of the Treadway Commission (2013 framework).

Based upon that evaluation, the Company’s CEO and CFO concluded that the Company’s

disclosure controls and procedures are not effective as of September 30, 2020 to ensure that information required to be disclosed

by the Company in the reports that the Company 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, and that such information is accumulated and communicated

to the Company’s management, including the Company’s CEO and CFO, as appropriate, to allow timely decisions regarding

required disclosure for the reason described below.

of our limited operations, we have limited number of employees which prohibits a segregation of duties.

In addition, we lack a

formal audit committee with a financial expert.

As we grow and expand our operations we will engage additional employees and experts

However, there can be no assurance that our operations will expand.

carried out an evaluation, under the supervision and with the participation of our management, including our principal executive officer

and principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)

and 15d-15(e)).

Based upon that evaluation, our principal executive officer and principal financial officer concluded that, as of the

end of the quarter covered in this report, our disclosure controls and procedures were not effective to ensure that information required

to be disclosed in reports filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the

required time years and is accumulated and communicated to our management, including our principal executive officer and principal financial

officer, as appropriate to allow timely decisions regarding required disclosure.

management, including our principal executive officer and principal financial officer, does not expect that our disclosure controls and

procedures or our internal controls will prevent all error or fraud.

A control system, no matter how well conceived and operated, can

provide only reasonable, not absolute, assurance that the objectives of the control system are met.

Further, the design of a control

system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs.

Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues

and instances of fraud, if any, have been detected.

To address the material weaknesses, we performed additional analysis and other post-closing

procedures in an effort to ensure our consolidated financial statements included in this quarterly report have been prepared in accordance

with generally accepted accounting principles.

Accordingly, management believes that the financial statements included in this report

fairly present in all material respects our financial condition, results of operations and cash flows for the periods presented.

in Internal Control Over Financial Reporting

were no changes in our internal control over financial reporting that occurred during the period covered by this report that have

materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

were no changes in our internal control over financial reporting that occurred during the period covered by this report that have materially

affected, or are reasonably likely to materially affect, our internal control over financial reporting.

II OTHER INFORMATION

Legal Proceedings

are not a party to any material or legal proceeding and, to our knowledge, none is contemplated or threatened.

are a smaller reporting company and, as a result, are not required to provide the information under this item.

Please review the

risk factors identified in Item 1.A of our 2019 Form 10-K.

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