Boost Run amends Q1 FY2026 10-Q to disclose material weaknesses in internal controls

Filed August 18, 2026 · Period ending March 31, 2026 · Compared to 10-Q Jun 1, 2026 · ~2 min read

Key Changes

• high

  Management reversed its original conclusion, now stating disclosure controls were NOT effective as of March 31, 2026 due to material weaknesses in IT general controls, segregation of duties, and insufficient qualified accounting personnel.

  Controls and Procedures verify on EDGAR →
• high

  Three material weaknesses identified: deficient IT general controls over financial reporting applications, inadequate segregation of duties across financially relevant functions, and lack of sufficient qualified personnel in accounting, finance, and operations.

  Controls and Procedures: Material Weaknesses verify on EDGAR →
• high

  Remediation underway includes hiring Chief Accounting Officer, Chief Operating Officer, and Chief Information Officer with public-company internal control experience; company expects remediation efforts to continue through 2026.

  Controls and Procedures: Remediation verify on EDGAR →