Ctrl Worx Watch List › Company
PreAxia Health Care Payment Systems Inc. (PAXH): material weakness open 1,977 days
By Russell Tomoum, Ctrl Worx™. Built from its own SEC filings. How the Clock works.
PreAxia Health Care Payment Systems Inc. reported ineffective internal control over financial reporting because of a material weakness in 7 filings since Sep 9, 2021. The latest was its 10-K for the period ended May 31, 2026.
Ctrl Worx Watch List™ status
On the ClockStill filing, and no annual report of its own says the weakness is fixed.
Checked against SEC EDGAR: Oct 29, 2026 · Entry #10554
Causes the company named
Accounting expertise and resources · 7Tax · 7Entity-level and governance · 2Complex or non-routine accounting · 1
What the latest filing says
Based upon this evaluation, the Chief Executive Officer concluded that, as of May 31, 2026, the disclosure controls and procedures were not effective. The ineffectiveness of our Company's disclosure controls and procedures was due to the existence of material weaknesses identified below. Disclosure controls and procedures are the controls and other procedures that are designed to ensure that information required to be disclosed in our Company's Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities Exchange Commission's rules and forms. Management's Report on Internal Control Over Financial Reporting Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined under Exchange Act Rules l 3a- l 5(f) and 14d-14(f). Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted acco [...]
From the controls section of the 10-K filed Sep 4, 2026. Read the full filing on SEC EDGAR.
Company response: PreAxia Health Care Payment Systems Inc. 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 15, 2026 | 10-Q | Aug 31, 2026 | Not effective | Entity-level and governance | EDGAR |
| Sep 4, 2026 | 10-K | May 31, 2026 | Not effective | Accounting expertise and resources; Complex or non-routine accounting; Entity-level and governance; Tax | EDGAR |
| Sep 11, 2026 | 10-Q/A | Aug 31, 2025 | Not effective | Entity-level and governance | EDGAR |
| Sep 30, 2025 | 10-K/A | May 31, 2025 | Not effective | Accounting expertise and resources; Entity-level and governance; Tax | EDGAR |
| Sep 12, 2025 | 10-K | May 31, 2025 | Not effective | Accounting expertise and resources; Tax | EDGAR |
| Oct 10, 2024 | 10-K | May 31, 2024 | Not effective | Accounting expertise and resources; Tax | EDGAR |
| Aug 30, 2023 | 10-K | May 31, 2023 | Not effective | Accounting expertise and resources; Tax | EDGAR |
| Sep 29, 2022 | 10-K | May 31, 2022 | Not effective | Accounting expertise and resources; Tax | EDGAR |
| Sep 9, 2021 | 10-K | May 31, 2021 | Not effective | Accounting expertise and resources; Tax | EDGAR |
Others on the Clock in the same industry
By SEC industry code: 5700, Retail-Home Furniture, Furnishings & Equipment Stores, then related codes.
- AMC Robotics Corp (AMCI) · open since Dec 2025
- Crown Equity Holdings, Inc. (CRWE) · open since Dec 2020 or earlier
- SENTIENT BRANDS HOLDINGS INC. (SNBH) · open since Dec 2020 or earlier
- Arhaus, Inc. (ARHS) · open since Dec 2021
Follow PAXH for free
Get an email when PreAxia Health Care Payment Systems Inc files a 10-K or 10-Q that reports a material weakness, or says its controls are effective again.
Want the next one the day it's filed?
MW Pro sends an alert the day a company you follow reports a material weakness or says it fixed one. Founding price $990 a year.
Join the MW Pro waitlistLook up any company in Controls Radar™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 PreAxia Health Care Payment Systems Inc. or the SEC. Not investment advice. Why you can rely on the Watch List.