This excerpt taken from the MATH 10-K filed Mar 31, 2006.
Managements Plan for Remediation of Material Weakness
Management is taking steps to remediate the material weakness in our internal control over financial reporting. Managements plan to address this material weakness includes the addition of our new chief financial officer and controller, as well as the performance of an assessment of our current accounting and reporting policies and procedures, assessment of our financial accounting and reporting staff requirements, implementation of supervisory reviews by our chief financial officer and controller, implementation of new accounting policies and procedures, and the hiring and training of additional financial accounting and reporting staff. We hired a new chief financial officer in June 2005 and a new controller in July 2005. In addition to this plan, our new chief financial officer and controller are assessing our system of internal controls over financial reporting and intend to implement controls designed to assure that, among other things, operating expenses and stock compensation transactions are identified and accurately recorded.
Management believes the additional control procedures designed, when implemented, will fully remediate the material weakness. We are uncertain when the material weakness will be fully remediated, and we will need a period of time over which to demonstrate that these controls are functioning appropriately and to conclude that we have adequately remediated the material weakness.