{"url_path":"/sec/ltrn/10-q/2026/item-4","section_key":"item-4","section_title":"Item 4 Controls and Procedures.**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1763950/0001493152-26-023740-index.html","accession_number":"0001493152-26-023740","cik":"0001763950","ticker":"LTRN","issuer_name":"Lantern Pharma Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1763950/0001493152-26-023740-index.html","primary_entity_key":"0001763950","primary_entity_name":"Lantern Pharma Inc."},"word_count":578,"has_tables":true,"body_markdown":"**Item\n4. Controls and Procedures.**\n\n \n\n**Evaluation\nof Disclosure Controls and Procedures.**\n\n \n\nOur\nmanagement, with the participation of our Chief Executive Officer and Chief Financial Officer (our principal executive officer and principal\nfinancial officer, respectively), evaluated the effectiveness of our disclosure controls and procedures as of March 31, 2026. The term\n“disclosure controls and procedures,” as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934,\nas amended, or the Exchange Act, means controls and other procedures of a company that are designed to ensure that information required\nto be disclosed by a company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported,\nwithin the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation,\ncontrols and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits\nunder the Exchange Act is accumulated and communicated to the company’s management, including its principal executive and principal\nfinancial officers, as appropriate to allow timely decisions regarding required disclosure. Management recognizes that any controls and\nprocedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives and management\nnecessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures.\n\n \n\nBased\non such evaluation of our disclosure controls and procedures as of March 31, 2026, our Chief Executive Officer and Chief Financial Officer\nhave concluded that, as of such date, our disclosure controls and procedures, as defined above, are effective at the reasonable assurance\nlevel.\n\n \n\n**Changes\nin Internal Control Over Financial Reporting.**\n\n \n\nThere\nwere no changes in our internal control over financial reporting that occurred during the three months ended March 31, 2026 that have\nmaterially affected, or are reasonably likely to materially affect, our internal control over financial reporting.\n\n \n\n**Inherent\nLimitations on Effectiveness of Controls.**\n\n \n\nOur\nmanagement, including our principal executive officer and principal financial officer, do not expect that our disclosure controls or\nour internal control over financial reporting will prevent all errors and all fraud. A control system, no matter how well conceived and\noperated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design\nof a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative\nto their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance\nthat all control issues and instances of fraud, if any, have been detected. These inherent limitations include the realities that judgments\nin decision-making can be faulty, and that breakdowns can occur because of a simple error or mistake. Additionally, controls can be circumvented\nby the individual acts of some persons, by collusion of two or more people or by management override of the controls. The design of any\nsystem of controls is also based in part upon certain assumptions about the likelihood of future events, and there can be no assurance\nthat any design will succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate\nbecause of changes in conditions, or the degree of compliance with policies or procedures may deteriorate. Because of the inherent limitations\nin a cost-effective control system, misstatements due to error or fraud may occur and not be detected.\n\n \n\n23\n\n \n\n \n\n**PART\nII – OTHER INFORMATION**"}