Jubilant Flame International, Ltd (JFIL): material weakness open 2,069 days

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

Jubilant Flame International, Ltd reported ineffective internal control over financial reporting because of a material weakness in 6 filings since May 7, 2021. The latest was its 10-K for the period ended Feb 28, 2026.

Ctrl Worx Watch List™ status

On the Clock

5.7 yearsopen since Feb 28, 2021

10-K, Apr 28, 2026latest filing that reports the weakness. Read it on SEC EDGAR

#319 of 1,250on the Clock by time open, tied with 6 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 #10894

Filings with a weakness6

First in our dataMay 7, 2021

AuditorWWC, P.C.

Causes the company named

Segregation of duties · 6Financial close and reporting · 6Entity-level and governance · 6

Lack of audit committee, independent directors, inadequate segregation of duties, and ineffective financial reporting controls.

What the latest filing says

The aforementioned material weaknesses were identified by our Chief Executive Officer in connection with the review of our financial statements as of February 29, 2024. Because of our overall limited financial resources, we cannot estimate when we may begin to remediate any of the foregoing deficiencies and the time frame in which they will be remediated if and when begun. This Annual Report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to the rules of the Securities and Exchange Commission that exempt smaller reporting companies from such requirement. Changes in internal controls There have been no changes in our internal control over financial reporting identified in connection with the evaluation described above that occurred during our last fiscal quarter that has materially affected, or is reasonable likely to materially affect, our internal control over financial repo [...]

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

Company response: Jubilant Flame International, Ltd 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
Oct 14, 2026	10-Q	Aug 31, 2026	Not effective	Not described	EDGAR
Apr 28, 2026	10-K	Feb 28, 2026	Not effective	Segregation of duties; Financial close and reporting; Entity-level and governance	EDGAR
Apr 4, 2025	10-K	Feb 28, 2025	Not effective	Segregation of duties; Financial close and reporting; Entity-level and governance	EDGAR
May 7, 2024	10-K	Feb 29, 2024	Not effective	Segregation of duties; Financial close and reporting; Entity-level and governance	EDGAR
May 10, 2023	10-K	Feb 28, 2023	Not effective	Segregation of duties; Financial close and reporting; Entity-level and governance	EDGAR
May 9, 2022	10-K	Feb 28, 2022	Not effective	Segregation of duties; Financial close and reporting; Entity-level and governance	EDGAR
May 7, 2021	10-K	Feb 28, 2021	Not effective	Segregation of duties; Financial close and reporting; Entity-level and governance	EDGAR

Others on the Clock in the same industry

By SEC industry code: 7371, Services-Computer Programming Services, then related codes.

Change Agents Corporation. (CHGA) · open since Dec 2020 or earlier
Nixxy, Inc. (NIXX) · open since Dec 2020 or earlier
VISIUM TECHNOLOGIES, INC. (VISM) · open since Dec 2020 or earlier
Privacy & Value Inc. · open since Jul 2021
RideNow Group, Inc. (RDNW) · open since Dec 2021

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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 Jubilant Flame International, Ltd or the SEC. Not investment advice. Why you can rely on the Watch List.