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Netlosspershare,basicanddilutedforthefourquartersofeachfiscalyearmaynotsumtothetotalfortheyearbecauseofthedifferentnumbersofshares
outstandingduringeachperiod.
I TEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
Notapplicable.
I TEM 9A. CONTROLS AND PROCEDURES
EvaluationofDisclosureControlsandProcedures
WeconductedanevaluationasofDecember31,2015,underthesupervisionandwiththeparticipationofourmanagement,includingourChiefExecutive
OfficerandChiefFinancialOfficer,oftheeffectivenessofthedesignandoperationofourdisclosurecontrolsandprocedures.Baseduponthatevaluation,our
ChiefExecutiveOfficerandChiefFinancialOfficerconcludedthat,asofDecember31,2015,ourdisclosurecontrolsandprocedureswereeffectivetoprovide
reasonableassurance.
Management’sReportonInternalControloverFinancialReporting
Ourmanagementisresponsibleforestablishingandmaintainingadequateinternalcontroloverfinancialreporting.Internalcontroloverfinancialreporting
isaprocessdesignedby,orunderthesupervisionof,ourChiefExecutiveOfficerandChiefFinancialOfficertoprovidereasonableassuranceregardingthe
reliabilityoffinancialreportingandthepreparationoffinancialstatementsforexternalpurposesinaccordancewithgenerallyacceptedaccountingprinciplesand
includesthosepoliciesandproceduresthat(1)pertaintothemaintenanceofrecordsthatinreasonabledetailaccuratelyandfairlyreflectthetransactionsand
dispositionsofourassets;(2)providereasonableassurancethattransactionsarerecordedasnecessarytopermitpreparationoffinancialstatementsinaccordance
withgenerallyacceptedaccountingprinciples,andthatourreceiptsandexpendituresarebeingmadeonlyinaccordancewithauthorizationsofourmanagement
anddirectors;and(3)providereasonableassuranceregardingpreventionortimelydetectionofunauthorizedacquisition,useordispositionofourassetsthatcould
haveamaterialeffectonthefinancialstatements.
Underthesupervisionandwiththeparticipationofourmanagement,includingourChiefExecutiveOfficerandChiefFinancialOfficer,weconductedan
evaluationoftheeffectivenessofourinternalcontroloverfinancialreportingbasedoncriteriaestablishedin“InternalControl—IntegratedFramework(2013)”
issuedbytheCommitteeofSponsoringOrganizationsoftheTreadwayCommission(COSO).Ourmanagementconcludedthatourinternalcontroloverfinancial
reportingwaseffectiveasofDecember31,2015.
Ourindependentregisteredpublicaccountingfirm,PricewaterhouseCoopersLLP,hasauditedtheeffectivenessofourinternalcontroloverfinancial
reportingasofDecember31,2015asstatedintheirreportwhichisincludedherein.
LimitationsontheEffectivenessofControls
Becauseofinherentlimitations,internalcontroloverfinancialreportingmaynotpreventordetectmisstatementsandprojectionsofanyevaluationof
effectivenesstofutureperiodsaresubjecttotheriskthatcontrolsmaybecomeinadequatebecauseofchangesinconditions,orthatthedegreeofcompliancewith
thepoliciesorproceduresmaydeteriorate.
ChangesinInternalControloverFinancialReporting
TherewasnochangeinourinternalcontroloverfinancialreportingwhichoccurredduringthefourthfiscalquarteroftheyearendedDecember31,2015
whichhasmateriallyaffected,orisreasonablylikelytomateriallyaffect,ourinternalcontroloverfinancialreporting.
I TEM 9B. OTHER INFORMATION
None
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