Late filing
elevated
Filing comparison
BIOXYTRAN, INC told the SEC it could not file its annual report on time
Does not expect a significant change in results. 1 day past the statutory due date.
The registrant is unable to file its Annual Report on Form 10-K within the prescribed time period without unreasonable effort and expense due to the limited size of its accounting staff and the timing of the completion of the audit. During the final stages of the audit, the registrant’s independent auditor proposed significant last-minute revisions to the financial statement disclosures. Given that the registrant’s financial reporting function is performed by a minimal number of personnel, the time required to incorporate these revisions, verify the underlying data, and obtain final review from the auditor exceeded the remaining time available before the original filing deadline.
Evidence
- Anticipates significant change
- No
- Days past due date
- 1
- Routine
- No
- Severity
- elevated
- Source
- Form 12b-25 (notification of late filing)
- Stated reason
- The registrant is unable to file its Annual Report on Form 10-K within the prescribed time period without unreasonable effort and expense due to the limited size of its accounting staff and the timing of the completion of the audit. During the final stages of the audit, the registrant’s independent auditor proposed significant last-minute revisions to the financial statement disclosures. Given that the registrant’s financial reporting function is performed by a minimal number of personnel, the time required to incorporate these revisions, verify the underlying data, and obtain final review from the auditor exceeded the remaining time available before the original filing deadline.
- Why
- The company told the SEC it could not file a periodic report on time, using Form 12b-25.