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Greenway Technologies, Inc. & Subsidiaries (GWTI): material weakness open at least 2,128 days

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

Greenway Technologies, Inc. & Subsidiaries reported ineffective internal control over financial reporting because of a material weakness in 24 filings since Apr 14, 2021. The latest was its 10-Q for the period ended Jun 30, 2026.

Checked against SEC EDGAR: Oct 29, 2026 · Entry #11015

Causes the company named

Segregation of duties · 24Financial close and reporting · 24Entity-level and governance · 24Accounting expertise and resources · 6

Inadequate segregation of duties in cash disbursement and financial reporting, plus insufficient independent board directors.

What the latest filing says

have identified at least the following deficiencies, which together constitute a material weakness in our assessment of the effectiveness of internal control over financial reporting as of June 30, 2026: 1. We have inadequate segregation of duties within our cash disbursement control design. 2. During the period ended June 30, 2026, we internally performed all aspects of our financial reporting process including, but not limited to, the underlying accounting records and record journal entries and internally maintained responsibility for the preparation of the financial statements. Due to the fact these duties were often performed by the same people, a lack of independent review process was created over the financial reporting process that might result in a failure to detect errors in spreadsheets, calculations, or assumptions used to compile the financial statements and related disclosures as filed with the SEC. These control deficiencies could result in a material misstatement to our interim or annual financial statements that would not be prevented or detected. 36 3. We do no [...]

From the controls section of the 10-Q filed Sep 28, 2026. Read the full filing on SEC EDGAR.

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