What changed in this filing

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Item 4. Controls and Procedures

2020-11-12 compared with 2020-08-14 · 18 added, 36 removed, 11 unchanged (83% of the section changed)

and Procedures

Controls and Procedures

Disclosure Controls and Procedures

Disclosure controls

are procedures that are designed with the objective of ensuring that information required to be disclosed in our reports filed

under the Exchange Act, such as this Form 10-Q, is recorded, processed, summarized and reported within the time periods specified

in the SEC’s rules and forms.

controls are procedures that are designed with the objective of ensuring that information required to be disclosed in our reports

filed under the Exchange Act, such as this Form 10-Q, is recorded, processed, summarized and reported within the time periods

specified in the SEC’s rules and forms.

Disclosure controls are also designed with the objective of ensuring that such information

is accumulated and communicated to our management, including the Principal Executive Officer and Principal Financial Officer, as

appropriate, to allow timely decisions regarding required disclosure.

is accumulated and communicated to our management, including the Principal Executive Officer and Principal Financial Officer,

as appropriate, to allow timely decisions regarding required disclosure.

Internal controls are procedures which are designed with

2 unchanged sentences

statements in conformity with GAAP.

In connection with

our annual report on Form 10-K for the year ended December 31, 2019, we reported a material weakness in our internal controls over

financial reporting resulting from the determination following initial audit procedures that the documentation underlying the preparation

of forward projections, which included copies of customer contracts underlying the basis of projecting revenues and support for

the projected cost structures associated with determining the fair value of the Sysorex note as of December 31, 2019, was not supportable

thereby requiring material adjustments to be made to the carrying value of the note as determined by management as of December

To address the material weakness, we have enhanced our internal technical accounting capabilities by engaging and using

third-party advisors to assist in areas requiring specialized technical accounting expertise, including with respect to designing

the procedures and processes associated with assessing the fair value of our equity and debt instruments.

We have tested these

measures and believe these measures have enabled us to remediate the underlying control deficiency that gave rise to the previously

disclosed material weakness.

As a result, and in

connection with the preparation of this Form 10-Q, management, with the participation of our Principal Executive Officer and Principal

3 unchanged sentences

Officer concluded that, as of the end of the period covered by this Form 10-Q, our disclosure controls and procedures were effective.

Changes in Internal Controls

Remediation Measures

With the exception

of the remediation efforts described above there have been no changes in our internal control over financial reporting identified

in connection with the evaluation required by paragraph (d) of Rule 13a-15 or 15d-15 under the Exchange Act that occurred during

the quarter ended June 30, 2020 that has materially affected, or is reasonably likely to materially affect, our internal control

over financial reporting.

The Company’s management determined that there were no material changes needed to internal controls as

a result of the COVID-19 pandemic.

Limitations of the Effectiveness of Control

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.

Because of the inherent limitations of any control system, no evaluation of controls can provide absolute assurance

that all control issues, if any, within a company have been detected.

PART II—OTHER INFORMATION

in Internal Controls

have been no changes in our internal control over financial reporting identified in connection with the evaluation required by

paragraph (d) of Rule 13a-15 or 15d-15 under the Exchange Act that occurred during the quarter ended September 30, 2020 that has

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

The Company’s

management determined that there were no material changes needed to internal controls as a result of the COVID-19 pandemic.

of the Effectiveness of Control

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.

Because of the inherent limitations of any control system, no evaluation of controls can provide

absolute assurance that all control issues, if any, within a company have been detected.

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