Ctrl Worx Watch List › Company
Spirits Time International, Inc.: material weakness open at least 2,128 days
By Russell Tomoum, Ctrl Worx™. Built from its own SEC filings. How the Clock works.
Spirits Time International, Inc. reported ineffective internal control over financial reporting because of a material weakness in 5 filings since Apr 15, 2021. The latest was its 10-K for the period ended Dec 31, 2024.
Ctrl Worx Watch List™ status
On the ClockStill filing, and no annual report of its own says the weakness is fixed.
Checked against SEC EDGAR: Oct 29, 2026 · Entry #10719
Causes the company named
Segregation of duties · 5Entity-level and governance · 1
CEO and CFO are the same person, limiting segregation of duties and board oversight.
What the latest filing says
As such, our Chief Executive Officer/Chief Financial Officer does not believe the weakness has a material effect on the accuracy and completeness of our financial reporting and disclosure as included in this report or that the weakness constitutes a material weakness such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or deterred on a timely basis. This annual report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation requirements by the Company’s registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the company to provide only management’s report in this annual report. Internal control over financial reporting cannot provide absolute assurance of achieving financial reporting objectives because of its inherent limitations, including the possibility of human error and circumve [...]
From the controls section of the 10-K filed Feb 13, 2026. Read the full filing on SEC EDGAR.
Company response: Spirits Time International, Inc. can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.
Filings
| Filed | Form | Period | Controls | Causes | Filing |
|---|---|---|---|---|---|
| Feb 13, 2026 | 10-K | Dec 31, 2024 | Not effective | Segregation of duties; Entity-level and governance | EDGAR |
| Apr 16, 2024 | 10-K | Dec 31, 2023 | Not effective | Segregation of duties | EDGAR |
| Apr 17, 2023 | 10-K | Dec 31, 2022 | Not effective | Segregation of duties | EDGAR |
| Apr 15, 2022 | 10-K | Dec 31, 2021 | Not effective | Segregation of duties | EDGAR |
| Apr 15, 2021 | 10-K | Dec 31, 2020 | Not effective | Segregation of duties | EDGAR |
Others on the Clock in the same industry
By SEC industry code: 1311, Crude Petroleum & Natural Gas, then related codes.
- ABUNDIA GLOBAL IMPACT GROUP, INC. (AGIG) · open since Dec 2020 or earlier
- CoJax Oil & Gas Corp (CJAX) · open since Dec 2020 or earlier
- GB SCIENCES INC · open since Dec 2020 or earlier
- Royale Energy, Inc. (ROYL) · open since Dec 2020 or earlier
- Laredo Oil, Inc. (LRDC) · open since Nov 2020 or earlier
Follow Spirits Time International, Inc. for free
Get an email when Spirits Time International, Inc files a 10-K or 10-Q that reports a material weakness, or says its controls are effective again.
Want the next one the day it's filed?
MW Pro sends an alert the day a company you follow reports a material weakness or says it fixed one. Founding price $990 a year.
Join the MW Pro waitlistLook up any company in Controls Radar™Based on public SEC filings. Causes are grouped into standard categories by Ctrl Worx. The filings are the authority. Ctrl Worx is not affiliated with Spirits Time International, Inc. or the SEC. Not investment advice. Why you can rely on the Watch List.