What changed in this filing

/stocks — the workspaceLOADING

Item 4. Controls and Procedures

2025-05-20 compared with 2024-11-08 · 43 added, 14 removed, 27 unchanged (68% 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 Chief Financial Officer (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 September 30, 2024.

on this evaluation, the Chief Executive Officer (principal executive officer) and Chief Financial Officer (principal financial officer)

concluded that our disclosure controls and procedures were not effective as of September 30, 2024, the end of the period covered by this

Quarterly Report on Form 10-Q due to the material weaknesses described below.

(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

described below.

Management’s Report on Internal Control over Financial Reporting

7 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 September 30, 2024.

In making our assessment of

the effectiveness of internal control over financial reporting, management used the criteria set forth in Internal Control — Integrated

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

In making our assessment of the

effectiveness of internal control over financial reporting, management used the criteria set forth in Internal Control—Integrated

Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”).

4 unchanged sentences

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

We lacked a sufficient

number of accounting professionals with the necessary knowledge, experience and training to adequately account for significant, unusual

transactions that resulted in misapplications of GAAP, particularly with regard to the timing of recognition of certain non-cash

We are overly dependent

upon our Acting Chief Financial Officer, who at present is our Chief Executive Officer, within an environment that is highly manual

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

for significant, unusual transactions that have resulted in misapplications of GAAP, particularly with regard to equity financing

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 September 30, 2024.

of March 31, 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.

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

Management’s report was not subject to attestation by its registered public accounting firm pursuant to the Dodd-Frank

Wall Street Reform and Consumer Protection Act, which permits the Company to provide only management’s report in this quarterly

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

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.

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