11 unchanged sentences
are achieved.
−Removed: As of June 30, 2025, we carried out an evaluation,
+Added: As of September 30, 2025, we carried out an evaluation,
under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer,
2 unchanged sentences
Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded
−Removed: that our disclosure controls and procedures are ineffective at a reasonable assurance level.
−Removed: Our size has prevented us from being able to employ
−Removed: sufficient resources to enable us to have an adequate level of supervision and segregation of duties.
−Removed: Therefore, it is difficult to effectively
−Removed: segregate accounting duties which comprise a material weakness in internal controls.
−Removed: We also lack effective board oversight and formal
−Removed: accounting controls for the timely and accurate closing of financial information.
−Removed: To the extent reasonably possible given our limited
−Removed: resources, we intend to take measures to cure the aforementioned weaknesses, including, but not limited to, increasing the capacity of
−Removed: our qualified financial personnel to ensure that accounting policies and procedures are consistent across the organization and that we
−Removed: have adequate control over our Exchange Act reporting disclosures.
+Added: that our disclosure controls and procedures were not effective as of September 30, 2025.
+Added: Our size has prevented us from being able to
+Added: employ sufficient resources to enable us to have an adequate level of supervision and segregation of duties.
+Added: Therefore, it is difficult
+Added: to effectively segregate accounting duties which comprise a material weakness in internal controls.
+Added: We also lack effective board oversight
+Added: and formal accounting controls for the timely and accurate closing of financial information.
+Added: Management has taken several steps intended to strengthen our financial reporting oversight and address the identified weakness.
+Added: 2025, we appointed a President with a strong background in finance and risk oversight to enhance executive-level supervision of our financial
+Added: reporting processes.
+Added: We also appointed a new director with audit committee and financial oversight experience to improve board-level review
+Added: and governance.
+Added: In addition, we continue to evaluate further measures, including supplementing our accounting resources and enhancing
+Added: the consistency and documentation of our accounting policies and reporting procedures.
+Added: Although these actions represent progress, the
+Added: material weakness has not yet been remediated, and we will continue to implement improvements designed to achieve effective internal control
+Added: over financial reporting.
Changes in Internal Control over Financial
There have been no changes in our internal control
−Removed: procedures over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during our six months ended June
+Added: procedures over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during our nine months ended September
30, 2025 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
OTHER INFORMATION
−Removed: LEGAL PROCEEDINGS
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.