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Global Technologies Ltd (GTLL): material weakness open at least 2,220 days

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

Global Technologies Ltd reported ineffective internal control over financial reporting because of a material weakness in 5 filings since Oct 13, 2021. It stated one or more material weaknesses in 20 more SEC filings that gave no conclusion on whether that control is effective. The latest was its 10-Q for the period ended Mar 31, 2026.

Ctrl Worx Watch List™ status

On the Clock
6.1 yearsopen since at least Sep 30, 2020
10-Q, Jun 3, 2026latest filing that reports the weakness. Read it on SEC EDGAR
#30 of 1,250on the Clock by time open, tied with 6 other companies that share its start date. See the Clock

Behind on filings: late notice for the year ended Jun 30, 2026, no report since Jun 3, 2026. No annual report of its own says the weakness is fixed.

Checked against SEC EDGAR: Oct 29, 2026 · Entry #10233

Filings with a weakness25
First in our dataJan 15, 2021
AuditorValley Stream

Causes the company named

Segregation of duties · 25Accounting expertise and resources · 25Entity-level and governance · 20Financial close and reporting · 1

Insufficient accounting personnel and expertise, weak segregation of duties, and lack of governance controls.

What the latest filing says

Based on the evaluation, our principal executive officer and principal financial officer concluded that, as of March 31, 2026, our disclosure controls and procedures were not effective. Due to resource constraints, material weaknesses are evident to management regarding our inability to generate all the necessary disclosure for inclusion in our filings with the Securities and Exchanges Commission, which is due to the lack of resources and segregation of duties. We lack sufficient personnel with the appropriate level of knowledge, experience and training in GAAP to meet the demands for a public company, including the accounting skills and understanding necessary to fulfill the requirements of GAAP-based reporting. This weakness causes us to not fully identify and resolve accounting and disclosure issues that could lead to a failure to perform timely internal control and reviews. In addition, the Company has not established an audit committee, does not have any independent outside directors on the Company’s Board of Directors, and lacks documentation of its internal control processes [...]

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

Company response: Global Technologies 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
Jun 3, 202610-QMar 31, 2026Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Mar 23, 202610-Q/ADec 31, 2025Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Feb 20, 202610-QDec 31, 2025Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Jan 20, 202610-QSep 30, 2025Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Dec 30, 202510-KJun 30, 2025Not effectiveSegregation of duties; Accounting expertise and resourcesEDGAR
May 14, 202510-QMar 31, 2025Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Feb 14, 202510-QDec 31, 2024Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Nov 12, 202410-QSep 30, 2024Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Sep 25, 202410-KJun 30, 2024Not effectiveSegregation of duties; Accounting expertise and resourcesEDGAR
May 14, 202410-QMar 31, 2024Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Feb 6, 202410-QDec 31, 2023Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Jan 9, 202410-QSep 30, 2023Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governanceEDGAR
Dec 29, 202310-KJun 30, 2023Not effectiveSegregation of duties; Accounting expertise and resourcesEDGAR
May 23, 202310-QMar 31, 2023Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Feb 21, 202310-QDec 31, 2022Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Nov 21, 202210-QSep 30, 2022Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Oct 13, 202210-KJun 30, 2022Not effectiveSegregation of duties; Accounting expertise and resourcesEDGAR
May 23, 202210-QMar 31, 2022Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Feb 14, 202210-QDec 31, 2021Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Nov 15, 202110-QSep 30, 2021Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Oct 13, 202110-KJun 30, 2021Not effectiveSegregation of duties; Accounting expertise and resourcesEDGAR
May 25, 202110-Q/AMar 31, 2021Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
May 24, 202110-QMar 31, 2021Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Feb 16, 202110-QDec 31, 2020Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR
Jan 15, 202110-QSep 30, 2020Material weakness stated, no ICFR conclusionSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR

Others on the Clock in the same industry

By SEC industry code: 3663, Radio & Tv Broadcasting & Communications Equipment, 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 Global Technologies Ltd or the SEC. Not investment advice. Why you can rely on the Watch List.