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MedWellAI, Inc. (MWAI): material weakness open at least 2,128 days

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

MedWellAI, Inc. reported ineffective internal control over financial reporting because of a material weakness in 24 filings since Feb 12, 2021. The latest was its 10-K for the period ended Jun 30, 2026.

Ctrl Worx Watch List™ status

On the Clock
5.8 yearsopen since at least Dec 31, 2020
10-K, Oct 13, 2026latest filing that reports the weakness. Read it on SEC EDGAR
#60 of 1,250on the Clock by time open, tied with 236 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 #10900

Filings with a weakness24
First in our dataFeb 12, 2021
AuditorM&K CPAS, PLLC

Causes the company named

Segregation of duties · 24Entity-level and governance · 24Financial close and reporting · 13Other · 12

Weak board governance, insufficient audit committee expertise, and inadequate segregation of duties in accounting.

What the latest filing says

Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected. To address the material weaknesses, we performed additional analysis and other post-closing procedures in an effort to ensure our financial statements included in this Annual Report have been prepared in accordance with generally accepted accounting principles. Accordingly, management believes that the financial statements included in this report fairly present in all material respects our financial condition, results of operations and cash flows for the periods presented. Management’s Annual Report on Internal Control over Financial Reporting Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rule 13a-15(f) under the Exchange Act. Our management assessed the effectiveness of our internal control over financial reporting as of June 30, 2026. In making this assessment, our management used the criteria set forth by the Com [...]

From the controls section of the 10-K filed Oct 13, 2026. Read the full filing on SEC EDGAR.

Company response: MedWellAI, 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
Oct 13, 202610-KJun 30, 2026Not effectiveSegregation of duties; Financial close and reporting; Entity-level and governanceEDGAR
May 5, 202610-QMar 31, 2026Not effectiveSegregation of duties; Entity-level and governance; OtherEDGAR
Feb 23, 202610-QDec 31, 2025Not effectiveSegregation of duties; Financial close and reporting; Entity-level and governanceEDGAR
Nov 14, 202510-QSep 30, 2025Not effectiveSegregation of duties; Financial close and reporting; Entity-level and governanceEDGAR
Sep 30, 202510-KJun 30, 2025Not effectiveSegregation of duties; Financial close and reporting; Entity-level and governanceEDGAR
May 16, 202510-QMar 31, 2025Not effectiveSegregation of duties; Entity-level and governance; OtherEDGAR
Feb 14, 202510-QDec 31, 2024Not effectiveSegregation of duties; Financial close and reporting; Entity-level and governanceEDGAR
Nov 15, 202410-QSep 30, 2024Not effectiveSegregation of duties; Financial close and reporting; Entity-level and governanceEDGAR
Sep 30, 202410-KJun 30, 2024Not effectiveSegregation of duties; Financial close and reporting; Entity-level and governanceEDGAR
May 15, 202410-QMar 31, 2024Not effectiveSegregation of duties; Entity-level and governance; OtherEDGAR
Feb 9, 202410-QDec 31, 2023Not effectiveSegregation of duties; Entity-level and governance; OtherEDGAR
Nov 14, 202310-QSep 30, 2023Not effectiveSegregation of duties; Entity-level and governance; OtherEDGAR
May 10, 202410-K/AJun 30, 2023Not effectiveSegregation of duties; Financial close and reporting; Entity-level and governance; OtherEDGAR
Sep 28, 202310-KJun 30, 2023Not effectiveSegregation of duties; Financial close and reporting; Entity-level and governanceEDGAR
May 15, 202310-QMar 31, 2023Not effectiveSegregation of duties; Entity-level and governance; OtherEDGAR
Feb 14, 202310-QDec 31, 2022Not effectiveSegregation of duties; Entity-level and governance; OtherEDGAR
Nov 14, 202210-QSep 30, 2022Not effectiveSegregation of duties; Entity-level and governance; OtherEDGAR
Sep 28, 202210-KJun 30, 2022Not effectiveSegregation of duties; Financial close and reporting; Entity-level and governanceEDGAR
May 13, 202210-QMar 31, 2022Not effectiveSegregation of duties; Entity-level and governance; OtherEDGAR
Feb 11, 202210-QDec 31, 2021Not effectiveSegregation of duties; Entity-level and governance; OtherEDGAR
Nov 15, 202110-QSep 30, 2021Not effectiveSegregation of duties; Financial close and reporting; Entity-level and governanceEDGAR
Sep 24, 202110-KJun 30, 2021Not effectiveSegregation of duties; Financial close and reporting; Entity-level and governanceEDGAR
May 14, 202110-QMar 31, 2021Not effectiveSegregation of duties; Financial close and reporting; Entity-level and governanceEDGAR
Feb 12, 202110-QDec 31, 2020Not effectiveSegregation of duties; Entity-level and governance; OtherEDGAR

Others on the Clock in the same industry

By SEC industry code: 6199, Finance Services, 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 MedWellAI, Inc. or the SEC. Not investment advice. Why you can rely on the Watch List.