What changed in this filing

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Item 4. Controls and Procedures

2025-08-14 compared with 2025-05-20 · 26 added, 32 removed, 38 unchanged (60% of the section changed)

9 unchanged sentences

carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer

(principal executive officer) and Corporate Controller (principal financial officer), of the effectiveness of the design

and operation of these disclosure controls and procedures, as such term is defined in Exchange Act Rule 13a-15(e), as of March 31, 2025.

Based on this evaluation, the Chief Executive Officer and Corporate Controller concluded that our disclosure controls and procedures

were not effective as of March 31, 2025, the end of the period covered by this Quarterly Report on Form 10-Q, due to the material weaknesses

(principal executive officer) and Corporate Controller (principal financial officer), of the effectiveness of the design and operation

of these disclosure controls and procedures, as such term is defined in Exchange Act Rule 13a-15(e), as of June 30, 2025.

Based on this

evaluation, the Chief Executive Officer and Corporate Controller concluded that our disclosure controls and procedures were not effective

as of June 30, 2025, the end of the period covered by this Quarterly Report on Form 10-Q, due to the material weaknesses

described below.

8 unchanged sentences

may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

has assessed the effectiveness of our internal control over financial reporting as of March 31, 2025.

has assessed the effectiveness of our internal control over financial reporting as of June 30, 2025.

In making our assessment of the

5 unchanged sentences

As a result of our evaluation of our internal control over financial reporting,

management identified the following material weaknesses in our internal control over financial reporting:

management identified the following material weakness in our internal control over financial reporting:

lacked a sufficient number of accounting professionals with the necessary knowledge, experience and training to adequately account

1 unchanged sentence

arrangements and the timing of recognition of certain non-cash charges.

Additionally, we have not implemented processes to consistently

review for appropriate labor and overhead absorption to inventory and make timely adjustments to standard costs

are overly dependent upon certain personnel, including our Chief Executive Officer, to provide financial reporting oversight within

an environment that is highly manual in nature.

a result of the material weaknesses, we have concluded that we did not maintain effective internal control over financial reporting as

of March 31, 2025.

a result of the material weakness, we have concluded that we did not maintain effective internal control over financial reporting as

of June 30, 2025.

for Remediation of Material Weakness

has enhanced its available resource base and adjusted its processes with respect to the areas listed above.

Additional procedures are

in the process of being established and will be evaluated for effectiveness in the future.

The Company views the combination of the Chief

Executive Officer and Corporate Controller will help in strengthening financial oversight, improving internal controls, and ensuring

continuity in leadership during this transitional period.

On April 25, 2025, Frank Cesario notified the Board

of Directors of his resignation as Director, effective immediately, due to personal reasons.

Cesario’s departure was not due

to any disagreement with the Company on any matter relating to its operations, policies, or practices.

Cesario had been the Company’s

Principal Financial Officer until the date of his resignation.

The Company recently hired a controller in March 2025 that management

believes has the requisite skillset and experience to improve segregation of duties and address accounting and reporting requirements

for significant, unusual transactions.

2024, a material weakness was identified in our internal control over financial reporting, specifically related to the accuracy of standard

labor and overhead cost calculations.

As of June 30, 2025, management has concluded that this material weakness has been remediated through

the implementation of enhanced processes and controls to ensure that standard labor and overhead costs are calculated appropriately and

These improvements include, but are not limited to, periodic monitoring and analysis of variances between actual and standard

manufacturing costs, overseen by both the Chief Executive Officer and the Corporate Controller (Principal Financial Officer).

Company believes that the combination of responsibilities held by the Chief Executive Officer and the Corporate Controller strengthens

financial oversight, enhances internal control effectiveness, and promotes leadership continuity.

As management continues to evaluate

and refine our internal control framework, additional steps may be taken to address any remaining deficiencies or to further strengthen

and remediation measures already in place.

quarterly report does not include an attestation report of our registered public accounting firm regarding internal control over financial

2 unchanged sentences

Changes in Internal Control over Financial Reporting

April 25, 2025, Frank Cesario notified the Broad of Directors of his resignation as Director, effective immediately, due to personal

April 25, 2025, Frank Cesario notified the Board of Directors of his resignation as Director, effective immediately, due to personal

Cesario’s departure was not due to any disagreement with the Company on any matter relating to its operations, policies,

or practices.

than as described in the Plan for Remediation of Material Weakness section above relating to the departure of the Principal Financial

Officer and hiring of a Corporate Controller, there were no changes in our internal control over financial reporting, as defined in Rules

13a-15(f) and 15d-15(f) under the Exchange Act, during our most recently completed fiscal quarter that have materially affected, or are

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

May 1, 2025, Douglas Bosley notified the Board of Directors of his resignation as Director, effective immediately, due to personal reasons.

Bosley’s departure was not due to any disagreement with the Company on any matter relating to its operations, policies, or

than as described in the Plan for Remediation of Material Weakness, there were no changes in our internal control over financial reporting,

as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act, during our most recently completed fiscal quarter that have materially

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

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