Nasdaq · CIK 0001422892
SGLY Singularity Future Technology Ltd.
D
50 / 100
Material weaknesses
2
Restatements
1
Auditor changes
0
Late filings
0
Quarters with open weakness
1
Remediations
1
Deductions
65
Remediation credit
15
Trailing 24 months from 2024-11-07. Rubric v1. How this is scored.
Disclosures, in the company's words
“the Company paid a civil monetary penalty of $ 350,000 to the SEC, complied with certain undertakings to remediate its material weaknesses in the internal control and disclosure deficiencies by June 30, 2026”
“concluded that the Company s previously issued financial statements for the fiscal year ended June 30, 2021 included in the Company s Annual Report on Form 10-K filed with the SEC on November 29, 2021 (the 2021 Form 10-K ) should no longer be relied upon as a result of incorrect accounting treatment of approximately $ 4.6 million of related party eloan receivable.”
“the Company paid a civil monetary penalty of $350,000 to the SEC, complied with certain undertakings to remediate its material weaknesses in the internal control and disclosure deficiencies by June 30, 2026”
“On February 28, 2023, the audit committee of the Company, after discussion with the management of the Company, and in consultation with the Company s independent registered public accounting firm, concluded that the Company s previously issued financial statements for the fiscal year ended June 30, 2021 included in the Company s Annual Report on Form 10-K filed with the SEC on November 29, 2021 (the 2021 Form 10-K ) should no longer be relied upon”
“we determined to restate our financial statements as of and for the year ended June 30, 2021, three and six months ended September 30, 2021 and three and nine months ended December 31, 2021 after we identified errors related to, incorrect accounting treatment of related party loan receivable, incorrect recognition of revenue from freight shipping services and incorrect accounting treatment of recovery (provision) for credit losses.”
Remediation disclosed
- 10-K · filed 2026-09-29 · source filing ↗
“The following material weaknesses identified for the year ended and as of June 30, 2024 were individually rectified as of September 5, 2025.”
- 10-K · filed 2026-09-29 · source filing ↗
“We have fully remediated the material weaknesses in our internal control over financial reporting.”
Filings read
- 10-K · 2026-09-29read
- 8-K · 2026-08-25queued
- 10-K · 2025-10-14queued
- 10-Q · 2025-05-15queued
- 10-Q · 2025-02-19queued
- 8-K · 2025-01-27queued
- 10-Q · 2024-11-14queued
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