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Cavitation Technologies, Inc. (CVAT): material weakness open 1,947 days

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

Cavitation Technologies, Inc. reported ineffective internal control over financial reporting because of a material weakness in 7 filings since Oct 13, 2021. The latest was its 10-K for the period ended Jun 30, 2026.

Checked against SEC EDGAR: Oct 29, 2026 · Entry #10591

Causes the company named

Segregation of duties · 7Accounting expertise and resources · 7Complex or non-routine accounting · 7Entity-level and governance · 3

Insufficient accounting expertise, ineffective segregation of duties, and lack of independent audit committee.

What the latest filing says

30, 2026, our internal control over financial reporting was not effective, and that material weaknesses existed in the following areas as of June 30, 2026: 1. We do not employ full time in-house personnel with the technical knowledge to identify and address some of the reporting issues surrounding certain complex or non-routine transactions. With respect to material, complex and non-routine transactions, management has and will continue to seek guidance from third-party experts and/or consultants to gain a thorough understanding of these transactions; 2. We have ineffective controls over segregation of duties due to limited resources and number of employees; and 3. The Company did not maintain a functioning independent audit committee. We are in the continuous process of improving our internal control over financial reporting in an effort to eliminate these material weaknesses through improved supervision and training of our staff, but additional effort is needed to fully remedy these deficiencies. We intend to hire the necessary staff to address the weaknesses once additional [...]

From the controls section of the 10-K filed Oct 6, 2026. Read the full filing on SEC EDGAR.

Company response: Cavitation Technologies, 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 Cavitation Technologies, Inc. or the SEC. Not investment advice. Why you can rely on the Watch List.