Ctrl Worx Watch List › Company

Token Communities Ltd.: material weakness open at least 2,128 days

By , Ctrl Worx™. Built from its own SEC filings. How the Clock works.

Token Communities Ltd. reported ineffective internal control over financial reporting because of a material weakness in 3 filings since Aug 5, 2024. It stated one or more material weaknesses in 24 more SEC filings that gave no conclusion on whether that control is effective. The latest was its 10-K for the period ended Jun 30, 2025.

Ctrl Worx Watch List™ status

On the Clock
5.8 yearsopen since at least Dec 31, 2020
10-K, Apr 3, 2026latest filing that reports the weakness. Read it on SEC EDGAR
#60 of 1,250on the Clock by time open, tied with 236 other companies that share its start date. See the Clock

Still filing, and no annual report of its own says the weakness is fixed.

Checked against SEC EDGAR: Oct 29, 2026 · Entry #11277

Filings with a weakness27
First in our dataFeb 22, 2021
AuditorBeckles & Co. Inc.

Causes the company named

Segregation of duties · 27Entity-level and governance · 8Accounting expertise and resources · 4Financial close and reporting · 3

Insufficient segregation of duties, lack of independent board and audit committee, and inadequate accounting resources.

What the latest filing says

generally accepted accounting principles as a result of the following material weaknesses: · The Company does not have sufficient segregation of duties within accounting functions due to only having one officer and limited resources. · The Company does not have an independent board of directors or an audit committee. · The Company does not have written documentation of our internal control policies and procedures. · All of the Company’s financial reporting is carried out by a financial consultant. We plan to rectify these weaknesses by implementing an independent board of directors, establishing written policies and procedures for our internal control of financial reporting, and hiring additional accounting personnel at such time as we are in a financial position to retain such additional personnel. Changes in Internal Control over Financial Reporting. Not applicable. [...]

From the controls section of the 10-K filed Apr 3, 2026. Read the full filing on SEC EDGAR.

Company response: Token Communities Ltd. can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.

Filings

FiledFormPeriodControlsCausesFiling
Apr 3, 202610-KJun 30, 2025Not effectiveSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
May 19, 202510-QMar 31, 2025Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governanceEDGAR
Feb 19, 202510-QDec 31, 2024Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
Jan 23, 202510-Q/ASep 30, 2024Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
Jan 14, 202510-QSep 30, 2024Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
Dec 31, 202410-KJun 30, 2024Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governanceEDGAR
Nov 13, 202410-Q/AMar 31, 2024Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
Jul 12, 202410-QMar 31, 2024Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
Oct 15, 202410-Q/ADec 31, 2023Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
Apr 10, 202410-QDec 31, 2023Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
Sep 12, 202410-Q/ASep 30, 2023Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
Nov 16, 202310-QSep 30, 2023Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
Aug 5, 202410-K/AJun 30, 2023Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governanceEDGAR
Oct 13, 202310-KJun 30, 2023Material weakness stated, no ICFR conclusionSegregation of duties; Entity-level and governanceEDGAR
Jun 1, 202310-QMar 31, 2023Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
May 5, 202310-Q/ADec 31, 2022Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
Feb 21, 202310-QDec 31, 2022Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
May 5, 202310-Q/ASep 30, 2022Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
Nov 21, 202210-QSep 30, 2022Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
May 5, 202310-K/AJun 30, 2022Material weakness stated, no ICFR conclusionSegregation of duties; Entity-level and governanceEDGAR
Oct 13, 202210-KJun 30, 2022Material weakness stated, no ICFR conclusionSegregation of duties; Entity-level and governanceEDGAR
May 18, 202210-QMar 31, 2022Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
Feb 17, 202210-QDec 31, 2021Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
Nov 18, 202110-QSep 30, 2021Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
Oct 12, 202110-KJun 30, 2021Material weakness stated, no ICFR conclusionSegregation of duties; Entity-level and governanceEDGAR
May 19, 202110-QMar 31, 2021Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR
Feb 22, 202110-QDec 31, 2020Material weakness stated, no ICFR conclusionSegregation of dutiesEDGAR

Others on the Clock in the same industry

By SEC industry code: 6552, Land Subdividers & Developers (No Cemeteries), then related codes.

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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 Token Communities Ltd. or the SEC. Not investment advice. Why you can rely on the Watch List.