An amendment is grouped with the report it
amends; every 12b-25 notice is one group
Going concern
Filing comparison
UMeWorld Inc. disclosed substantial doubt about its ability to continue as a going concern in its first report following a change of registrant
The prior filing was made by a different business under the same CIK, so this is a new disclosure rather than a change.
For the quarter ended December 31, 2025, the Company incurred a net loss of $138,727. As of December 31, 2025, the Company had an accumulated deficit of $32,068,371 and a working capital deficiency of $462,599. These conditions, together with recurring operating losses and reliance on external financing, raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date the consolidated financial statements are available to be issued. 7 Table of Contents Management’s plans to alleviate this substantial doubt include: · pursuing additional…
Evidence
Blank check
No
Caveat
The prior filing was made by a different business under the same CIK, so this is a new disclosure rather than a change.
Comparable
No
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
not comparable
Located in
going-concern note
Prior filed
2013-02-22
Prior form
10-Q
Registrant changed from
UMeWorld Ltd
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
UMeWorld Inc. filed its quarterly report late and said it expects a significant change in results
expects significant change in resultsFiled 12 days before the statutory due date.
(the “Company”) is unable to file, without unreasonable effort or expense, its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025 (the “Quarterly Report”) within the prescribed time period for the following reasons: Pending Appointment of New Independent Auditor: On December 31, 2025, the Company’s former independent registered public accounting firm, J&S Associate PLT, resigned due to internal audit firm policy relating to engagement partner rotation to avoid regulator questions about PCAOB compliance. As of the date of this filing, the Company is in the process of interviewing and evaluating several successor accounting firms. Because a new firm has not yet been…
Evidence
Anticipates significant change
Yes
Days past due date
-12
Other periodic reports filed
Yes
Routine
No
Severity
high
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company”) is unable to file, without unreasonable effort or expense, its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025 (the “Quarterly Report”) within the prescribed time period for the following reasons: Pending Appointment of New Independent Auditor: On December 31, 2025, the Company’s former independent registered public accounting firm, J&S Associate PLT, resigned due to internal audit firm policy relating to engagement partner rotation to avoid regulator questions about PCAOB compliance. As of the date of this filing, the Company is in the process of interviewing and evaluating several successor accounting firms. Because a new firm has not yet been…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.