CoJax Oil & Gas Corp (CJAX): material weakness open at least 2,128 days

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

CoJax Oil & Gas Corp reported ineffective internal control over financial reporting because of a material weakness in 8 filings since May 14, 2021. The latest was its 10-K for the period ended Dec 31, 2025.

Ctrl Worx Watch List™ status

On the Clock

5.8 yearsopen since at least Dec 31, 2020

10-K, Mar 25, 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 #11463

Filings with a weakness8

First in our dataMay 14, 2021

AuditorM&K CPAS, PLLC

Causes the company named

Segregation of duties · 8Entity-level and governance · 8Financial close and reporting · 5Accounting expertise and resources · 4Other · 1

Inadequate segregation of duties, lacking formal policies, absent audit committee, and no risk assessment procedures.

What the latest filing says

and procedures were not effective as of December 31, 2025, due to the material weaknesses in internal control over financial reporting described below. Management’s Report on Internal Control Over Financial Reporting Management is responsible for establishing and maintaining adequate internal control over financial reporting. The Company’s internal control over financial reporting is a process designed under the supervision of its principal executive and principal financial officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation of its consolidated financial statements for external reporting purposes in accordance with GAAP. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. In addition, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate. Material Weaknesses in Internal Contr [...]

From the controls section of the 10-K filed Mar 25, 2026. Read the full filing on SEC EDGAR.

Company response: CoJax Oil & Gas Corp 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
Mar 25, 2026	10-K	Dec 31, 2025	Not effective	Segregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governance	EDGAR
Sep 10, 2025	10-K/A	Dec 31, 2024	Not effective	Segregation of duties; Financial close and reporting; Entity-level and governance	EDGAR
Mar 31, 2025	10-K	Dec 31, 2024	Not effective	Segregation of duties; Financial close and reporting; Entity-level and governance	EDGAR
Mar 26, 2024	10-K	Dec 31, 2023	Not effective	Segregation of duties; Financial close and reporting; Entity-level and governance	EDGAR
Nov 20, 2023	10-K	Dec 31, 2022	Not effective	Segregation of duties; Entity-level and governance; Other	EDGAR
Jun 14, 2022	10-K	Dec 31, 2021	Not effective	Segregation of duties; Accounting expertise and resources; Entity-level and governance	EDGAR
May 31, 2022	10-K/A	Dec 31, 2020	Not effective	Segregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governance	EDGAR
May 14, 2021	10-K	Dec 31, 2020	Not effective	Segregation of duties; Accounting expertise and resources; Entity-level and governance	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
GB SCIENCES INC · open since Dec 2020 or earlier
Royale Energy, Inc. (ROYL) · open since Dec 2020 or earlier
SPIRITS TIME INTERNATIONAL, INC. · open since Dec 2020 or earlier
Laredo Oil, Inc. (LRDC) · open since Nov 2020 or earlier

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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 CoJax Oil & Gas Corp or the SEC. Not investment advice. Why you can rely on the Watch List.