Ctrl Worx Watch List › Company
BlackStar Enterprise Group, Inc.: material weakness open at least 2,128 days
By Russell Tomoum, Ctrl Worx™. Built from its own SEC filings. How the Clock works.
BlackStar Enterprise Group, Inc. reported ineffective internal control over financial reporting because of a material weakness in 5 filings since Apr 12, 2021. The latest was its 10-K for the period ended Dec 31, 2024.
Ctrl Worx Watch List™ status
On the ClockBehind on filings: late notice for the year ended Dec 31, 2025, no report since Feb 13, 2026. No annual report of its own says the weakness is fixed.
Checked against SEC EDGAR: Oct 29, 2026 · Entry #10818
Causes the company named
Segregation of duties · 5Financial close and reporting · 5Accounting expertise and resources · 5Entity-level and governance · 5
Lack of audit committee, inadequate segregation of duties, insufficient accounting policies, and weak financial close controls.
What the latest filing says
of material weaknesses in our internal controls over financial reporting as discussed below. It is management's responsibility to establish and maintain adequate internal control over financial reporting. This annual report does not include an attestation report of our independent registered public accounting firm regarding our internal control over financial reporting. Management’s report on internal control over financial reporting was not subject to attestation by our independent registered public accounting firm pursuant to the rules of the SEC because we are neither an accelerated filer nor a larger accelerated filer. We have implemented a framework used by management to evaluate the effectiveness of our internal control over financial reporting, which incorporates a quarterly review by our Board of Directors of the recording of transactions and whether questions of accuracy and authorization may arise as the accounting may be reviewed by our auditors. Our Management's assessment of the effectiveness of internal controls over financial reporting as of the end of the most recen [...]
From the controls section of the 10-K filed Nov 25, 2025. Read the full filing on SEC EDGAR.
Company response: BlackStar Enterprise Group, 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 |
|---|---|---|---|---|---|
| Nov 25, 2025 | 10-K | Dec 31, 2024 | Not effective | Segregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governance | EDGAR |
| Apr 15, 2024 | 10-K | Dec 31, 2023 | Not effective | Segregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governance | EDGAR |
| Apr 6, 2023 | 10-K | Dec 31, 2022 | Not effective | Segregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governance | EDGAR |
| Mar 30, 2022 | 10-K | Dec 31, 2021 | Not effective | Segregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governance | EDGAR |
| Apr 12, 2021 | 10-K | Dec 31, 2020 | Not effective | Segregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governance | EDGAR |
Others on the Clock in the same industry
By SEC industry code: 6199, Finance Services, then related codes.
- CEA Industries Inc. (BNC) · open since Dec 2020 or earlier
- MedWellAI, Inc. (MWAI) · open since Dec 2020 or earlier
- STRATEGIC ACQUISITIONS INC /NV/ (STQN) · open since Dec 2020 or earlier
- TAO Synergies Inc. (TAOX) · open since Dec 2020 or earlier
- AIxCrypto Holdings, Inc. (AIXC) · open since Mar 2021
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