The repeat late filing pattern (NT 10-Q followed by NT 10-K) suggests systemic accounting or internal control deficiencies. Monitor for the actual 10-K filing within the 15-day extension window and watch for any subsequent restatement, auditor change, or going concern disclosure. The company's OTC listing and small market cap increase the risk of a material weakness disclosure or eventual delisting if filings continue to be delinquent.
Price Chart
Executive Summary
Concrete Leveling Systems Inc (CLEV) filed an NT 10-K on October 30, 2026, notifying the SEC that it cannot file its annual report for the year ended July 31, 2026 on time. The company cites the need for additional time to complete and review financial statements and related disclosures, and expects to file within the 15-day extension period. This is the company's second consecutive late filing notice (following an NT 10-Q in June 2026), indicating chronic accounting and reporting problems.
Key Financial Metrics
Key Facts
- NT 10-K filed on October 30, 2026 for the fiscal year ended July 31, 2026
- Reason given: additional time needed for completion and review of financial statements and related disclosures
- Company expects to file within the 15-day extension period under Rule 12b-25(b)
- This is a repeat late filing: an NT 10-Q was filed on June 16, 2026 for the quarter ended April 30, 2026
- Part IV of the filing indicates no anticipated significant change in results of operations (checked 'No')
- Contact person: Edward A. Barth, Principal Executive Officer
- Stock trades on OTC with a normal daily move of 5.5%
Financial Impact
No specific financial figures provided; the filing states no anticipated significant change in results of operations
Risk Factors
- Chronic late filing pattern indicates potential accounting or internal control issues
- Risk of material weakness disclosure or restatement in the upcoming 10-K
- Possible auditor resignation or change if accounting problems persist
- OTC listing status could be jeopardized by continued delinquent filings
- No specific financial data or guidance provided to assess the severity of the delay
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| NT 10-K Filing (Primary) | 0001477932-26-006529 |
| Document: 0001477932-26-006529-index-headers.html | 0001477932-26-006529 |
| Document: 0001477932-26-006529-index.html | 0001477932-26-006529 |
| Document: 0001477932-26-006529.txt | 0001477932-26-006529 |
US Market Status
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