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AIxCrypto Holdings, Inc. (AIXC): material weakness open 2,038 days

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

AIxCrypto Holdings, Inc. reported ineffective internal control over financial reporting because of a material weakness in 15 filings since May 14, 2021. It stated one or more material weaknesses in 7 more SEC filings that gave no conclusion on whether that control is effective. The latest was its 10-Q for the period ended Jun 30, 2026.

Checked against SEC EDGAR: Oct 29, 2026 · Entry #10775

Causes the company named

Segregation of duties · 11ITGC: user access · 11Accounting expertise and resources · 11Complex or non-routine accounting · 11Financial close and reporting · 4Entity-level and governance · 3

Insufficient accounting staff, weak IT access controls, and undocumented financial processes.

What the latest filing says

Based on this evaluation, management concluded that our disclosure controls and procedures were not effective at the reasonable assurance level as of that date. Management identified the following material weaknesses: ● An insufficient number of accounting personnel to adequately segregate duties. ● Lack of designed and implemented effective Information Technology General Controls (“ITGC”) related to access controls for our financial accounting system. ● Absence of formalized documentation of processes and controls that could be evaluated for proper design and implementation. Due to resource constraints, we are currently unable to employ additional personnel to remediate these material weaknesses. We do not expect remediation until we obtain additional funding to strengthen our accounting department. Changes in Internal Control Over Financial Reporting Effective June 20, 2026, Koti Meka resigned as Chief Financial Officer, and effective June 21, 2026, Jie (Jay) Sheng was appointed as Chief Financial Officer. The composition of the audit committee also changed during t [...]

From the controls section of the 10-Q filed Aug 7, 2026. Read the full filing on SEC EDGAR.

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

Filings

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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 AIxCrypto Holdings, Inc. or the SEC. Not investment advice. Why you can rely on the Watch List.