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Galaxy Enterprises Inc. (GLEI): material weakness open 1,916 days

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

Galaxy Enterprises Inc. reported ineffective internal control over financial reporting because of a material weakness in 11 filings since Jan 5, 2022. The latest was its 10-K/A for the period ended Jul 31, 2025.

Ctrl Worx Watch List™ status

On the Clock
5.2 yearsopen since Jul 31, 2021
10-K/A, Mar 10, 2026latest filing that reports the weakness. Read it on SEC EDGAR
#379 of 1,250on the Clock by time open, tied with 9 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 #12226

Filings with a weakness11
First in our dataJan 5, 2022
AuditorLAO Professionals

Causes the company named

Entity-level and governance · 11

Company lacks independent audit committee and audit committee financial expert.

What the latest filing says

t limitations, internal control over financial reporting may not prevent or detect misstatements. Based on our evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our internal controls over financial reporting were not effective as of July 31, 2025 and were subject to material weaknesses. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. We have identified the following material weaknesses in our internal control over financial reporting using the criteria established in the COSO: 1Failing to have an audit committee or other independent committee that is independent of management to assess internal control over financial reporting; and 2Failing to have a director that qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-K. Because of its inherent limitations, i [...]

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

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

Filings

FiledFormPeriodControlsCausesFiling
Mar 10, 202610-K/AJul 31, 2025Not effectiveEntity-level and governanceEDGAR
Oct 9, 202510-KJul 31, 2025Not effectiveEntity-level and governanceEDGAR
Mar 10, 202610-K/AJul 31, 2024Not effectiveEntity-level and governanceEDGAR
Aug 26, 202510-K/AJul 31, 2024Not effectiveEntity-level and governanceEDGAR
Dec 13, 202410-KJul 31, 2024Not effectiveEntity-level and governanceEDGAR
Oct 9, 202510-K/AJul 31, 2023Not effectiveEntity-level and governanceEDGAR
Mar 21, 202410-K/AJul 31, 2023Not effectiveEntity-level and governanceEDGAR
Nov 15, 202310-KJul 31, 2023Not effectiveEntity-level and governanceEDGAR
Oct 31, 202210-KJul 31, 2022Not effectiveEntity-level and governanceEDGAR
Oct 11, 202210-K/AJul 31, 2021Not effectiveEntity-level and governanceEDGAR
Jan 5, 202210-KJul 31, 2021Not effectiveEntity-level and governanceEDGAR

Others on the Clock in the same industry

By SEC industry code: 6531, Real Estate Agents & Managers (For Others), 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 Galaxy Enterprises Inc. or the SEC. Not investment advice. Why you can rely on the Watch List.