Company: ACBM
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001640334-25-001257
Chunk: 11

Company: ACRO BIOMEDICAL CO., LTD.
Filing Date: 2025-07-22
Form: 10-Q
Item: Item 8
Chunk 11
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 to the inadequacy of our internal controls over financial reporting, our sole employee being our chief executive and financial officer and our limited internal audit function, our disclosure controls were not effective as of March 31, 2024, such 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 the president and treasurer, as appropriate to allow timely decisions regarding disclosure.

Changes in Internal Control over Financial Reporting

As reported in our annual report on Form 10-K for the year ended December 31, 2023, management has determined that our internal controls contain material weaknesses due to the absence of segregation of duties, as well as lack of qualified accounting personnel and excessive reliance on third party consultants for accounting, financial reporting and related activities. The lack of any separation of duties, with the same person, who is our only employee who serves as both chief executive officer and chief financial officer, who is our sole director and who does not have an accounting background and serves on a part-time basis, makes it unlikely that we will be able to implement effective internal controls over financial reporting in the near future. 

During the period ended March 31, 2024, there was no change in our internal control over financial reporting (as such term is defined in Rule 13a-15(f) under the Exchange Act) that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II – OTHER INFORMATION

Item 6: Exhibits

Exhibits

Exhibit Number Description of Exhibits31.1* Section 302 Certificate of Chief Executive Officer and Principal Financial Officer.32.1** Section 906 Certificate of Chief Executive Officer and Principal Financial Officer.101.INS* Inline XBRL Instance Document*101.SCH* Inline XBRL Taxonomy Extension Schema Document*101.CAL* Inline XBRL Taxonomy Extension Calculation Linkbase Document*101.DEF* Inline XBRL Taxonomy Extension Definition Linkbase Document*101.LAB* Inline XBRL Taxonomy Extension Label Linkbase Document*101.PRE* Inline XBRL Taxonomy Extension Presentation Linkbase Document*104* Document Set

*Filed herewith**Furnished herewith

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of