Mon, Jul 1, 8:25 PM (68 days ago)
ASP Isotopes Inc. filed this Amendment No. 2 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, to correct a typographical error in Management’s Annual Report on Internal Controls Over Financial Reporting. The amendment clarifies that the company's internal control over financial reporting was not effective due to material weaknesses previously disclosed. These weaknesses include inadequate formal control documentation, inconsistent execution of control procedures, and insufficient personnel with appropriate knowledge and training in finance and IT security. The company is taking steps to remediate these issues, including enhancing documentation and hiring additional resources. However, full remediation may not be achieved until 2024. There were no other changes to the original filing, and no subsequent events have been updated. The company remains a smaller reporting and emerging growth company, with a market value of $10.2 million as of June 30, 2023.