Item 4.02. Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
On
In the course of preparing the Company's financial statement for the year ended
Management determined it did not effectively implement and maintain operational or administrative controls that could have identified and prevented the errors underlying the restatement. Specifically, management of the Company did not adhere to our existing internal control policies and procedures that pertain to maintaining records that accurately and fairly reflect our transactions and provide reasonable assurance that transactions are recorded as necessary for preparation of our financial statements. The principal reason for failing to abide by our existing internal control policies and procedures results from having a single employee who is responsible for all of our accounting functions.
In addition, management of the Company has reassessed its conclusions regarding
the effectiveness of our disclosure controls and procedures as of
As a result of the foregoing, the Company is:
· restating audited financial statements as of and for the year endedDecember 31, 2021 included in this Annual Report; · restating information in Management's Discussion and Analysis of Financial Conditions and Results of Operations included in Part II, Item 7, as it relates to information pertaining to the year endedDecember 31, 2021 ; and · restating the evaluation of disclosure controls and procedures included under Part II, Item 9A.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
The following exhibits are filed with this Current Report on Form 8-K:
104 Cover Page Interactive Data (embedded within the Inline XBRL document) 2
© Edgar Online, source