Company: ALDA
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001548123-25-000017
Chunk: 20

Company: ATLANTICA INC
Filing Date: 2025-03-18
Form: 10-K
Item: Item 8
Chunk 20
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 that may subsequently accrue, are due
and payable to Richland if and when such an acquisition or financing is completed by the Company.

A copy of the Management Services Agreement was filed as an exhibit to
our Annual Report for the year ended December 31, 2008; see Part IV, Item 15 of this Report.

NOTE 6 - SUBSEQUENT EVENTS

The Company has evaluated subsequent events
pursuant to ASC Topic 855 from the balance sheet date through the date the financial statements were issued, and determined there are
no events to disclose.

ITEM 9: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
ON ACCOUNTING AND FINANCIAL DISCLOSURE

None; not applicable.

ITEM 9A: CONTROLS AND PROCEDURES

Our management, with the participation of our principal executive and principal
financial officer, evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this Annual
Report. Based on that evaluation, our President and CFO, concluded that our disclosure controls and procedures as of the end of the period
covered by the Annual Report were effective and that the information required to be disclosed by us in reports filed under the Exchange
Act is (i) recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and (ii)
accumulated and communicated to our management, including our President and our CFO, as appropriate to allow timely decisions regarding
disclosure. A controls system cannot provide absolute assurance, however, that the objectives of the controls system are met, and no evaluation
of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected.

Management’s Annual Report on Internal Control
Over Financial Reporting

Our management is responsible for establishing and maintaining adequate
internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Our internal control over financial reporting
is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial
statements for external purposes of accounting principles generally accepted in the United States.

Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance
of achieving their control objectives.

Our management, with the participation of the President and our CFO, evaluated
the effectiveness of our internal controls over financial reporting as of December 31, 2024