Companies at this level ended the following year delisted, bankrupt, restated or silent 13.1% of the time, against 4.0% for companies with a clean record.
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Charles & Colvard, Ltd. (the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2025 (the “Q2 FY2026 Form 10-Q”). The Company was unable to file its Q2 FY2026 Form 10-Q within the prescribed time period without unreasonable effort or expense because it requires additional time to complete procedures and compile information relating to its delinquent annual and quarterly financial statements. The Company’s recent management and board changes, along with ongoing litigation and resource constraints, all of which have been previously reported, contributed to the delay. The Company is diligently working on completing procedures and compiling the information required to be included in its quarterly and annual reports. While the Company intends to file the Q2 FY2026 Form 10-Q as soon as practicable, the Company does not anticipate being able to file its Q2 FY2026 Form 10-Q within the five-day grace period provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended, without unreasonable effort or expense. The Company intends to file the Q2 FY2026 Form 10-Q as soon as practicable, following the filing of the Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2025
NT 10-Q, filed 2026-02-17 · investigation
Charles & Colvard, Ltd. (the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2025 (the “Q2 FY2026 Form 10-Q”). The Company was unable to file its Q2 FY2026 Form 10-Q within the prescribed time period without unreasonable effort or expense because it requires additional time to complete procedures and compile information relating to its delinquent annual and quarterly financial statements. The Company’s recent management and board changes, along with ongoing litigation and resource constraints, all of which have been previously reported, contributed to the delay. The Company is diligently working on completing procedures and compiling the information required to be included in its quarterly and annual reports. While the Company intends to file the Q2 FY2026 Form 10-Q as soon as practicable, the Company does not anticipate being able to file its Q2 FY2026 Form 10-Q within the five-day grace period provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended, without unreasonable effort or expense. The Company intends to file the Q2 FY2026 Form 10-Q as soon as practicable, following the filing of the Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2025
Charles & Colvard, Ltd. (the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2025 (the “Q1 FY2026 Form 10-Q”). The Company was unable to file its Q1 FY2026 Form 10-Q within the prescribed time period without unreasonable effort or expense because it requires additional time to complete procedures relating to its delinquent annual financial statements. Ongoing litigation and shareholder activism diverted valuable Company resources and management time, contributing to the delay. While the Company intends to file the Q1 FY2026 Form 10-Q as soon as practicable, the Company does not anticipate being able to file its Q1 FY2026 Form 10-Q within the five-day grace period provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended. Based on the currently available information, and consistent with the Company’s disclosure in its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024, its Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2024, and its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025, the Company expects to disclose in its Q1 FY2026 Form 10-Q, that (1) certain material weaknesses exist in internal controls over financial reporting, and (2) certain factors raise substantial doubt about the Company’s ability to continue as a going concern. In response to this and the continued challenging economic environment, the Company continues to reduce spend across the board in order to stabilize and right-size its business as noted below in Part IV
Charles & Colvard, Ltd. (the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the fiscal year ended June 30, 2025 (the “Form 10-K”). The Company was unable to file its Form 10-K within the prescribed time period without unreasonable effort or expense because it requires additional time to complete procedures relating to its year-end financial statement and auditing processes. Ongoing litigation and shareholder activism requiring the Company to hold its annual meeting of shareholders prior to completion of the audit diverted valuable Company resources and management time, contributing to the delay. While the Company intends to file the Form 10-K as soon as practicable, the Company does not anticipate being able to file its Form 10-K within the fifteen-day grace period provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended. Based on the currently available information, and consistent with the Company’s disclosure in its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024, its Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2024, and its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025, the Company expects to disclose in its Form 10-K, that (1) certain material weaknesses exist in internal controls over financial reporting, and (2) certain factors raise substantial doubt about the Company’s ability to continue as a going concern. In response to this and the continued challenging economic environment, the Company continues to reduce spend across the board in order to stabilize and right-size its business as noted below in Part IV (3) with the decrease in total operating expense expected to be approximately 35% for fiscal year ended June 30, 2025 compared to the prior year
Charles & Colvard, Ltd. (the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025 (the “Q3 FY2025 Form 10-Q”). The Company was unable to file its Q3 FY2025 Form 10-Q within the prescribed time period without unreasonable effort or expense because it requires additional time to complete procedures relating to its delinquent quarterly financial statements following the settlement agreement between the Company and Wolfspeed, Inc. (“Wolfspeed”) entered into on February 10, 2025, which was the outcome of the confidential arbitration against the Company initiated by Wolfspeed on July 28, 2023, as disclosed on the Company’s Current Report on Form 8-K filed on February 14, 2025. While the Company intends to file the Q3 FY2025 Form 10-Q as soon as practicable, the Company does not anticipate being able to file its Q3 FY2025 Form 10-Q within the five-day grace period provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended. Based on the currently available information, and consistent with the Company’s disclosure in its Annual Report on Form 10-K for the fiscal year ending June 30, 2024 (the “FY2024 Form 10-K”), the Company expects to disclose in its Quarterly Report on Form 10-Q for the fiscal quarter ending September 30, 2024 (the “Q1 FY2025 Form 10-Q”), Quarterly Report on Form 10-Q for the fiscal quarter ending December 31, 2024 (the “Q2 FY2025 Form 10-Q”), and its Q3 FY2025 Form 10-Q, that certain factors raise substantial doubt about the Company’s ability to continue as a going concern. In response to this and the continued challenging economic environment, in the three months ended September 30, 2024, December 31, 2024 and continuing in the three months ended March 31, 2025, the Company reduced spend across the board in order to stabilize and right-size its business
Charles & Colvard, Ltd. (the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2024 (the “Q2 FY2025 Form 10-Q”). The Company was unable to file its Q2 FY2025 Form 10-Q within the prescribed time period without unreasonable effort or expense because it requires additional time to complete procedures relating to its year-end financial statements and subsequent quarterly financial statements and the settlement agreement between the Company and Wolfspeed, Inc. (“Wolfspeed”) entered into on February 10, 2025, which was the outcome of the confidential arbitration against the Company initiated by Wolfspeed on July 28, 2023, as disclosed on the Company’s Current Report on Form 8-K filed on February 14, 2025. While the Company intends to file the Q2 FY2025 Form 10-Q as soon as practicable, the Company does not anticipate being able to file its Q2 FY2025 Form 10-Q within the five-day grace period provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended. Based on the currently available information, and consistent with the Company’s disclosure in its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024, the Company expects to disclose in its Annual Report on Form 10-K for the fiscal year ending June 30, 2024 (the “FY2024 Form 10-K”), its Quarterly Report on Form 10-Q for the fiscal quarter ending September 30, 2024 (the “Q1 FY2025 Form 10-Q”), and its Q2 FY2025 Form 10-Q, that certain factors raise substantial doubt about the Company’s ability to continue as a going concern. In response to this and the continued challenging economic environment, in the three months ended June 30, 2024, and September 30, 2024, and continuing in the three months ended December 31, 2024, the Company reduced spend across the board in order to stabilize and right-size its business
Charles & Colvard, Ltd. (the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024 (the “Q1 FY2025 Form 10-Q”). The Company was unable to file its Q1 FY2025 Form 10-Q within the prescribed time period without unreasonable effort or expense because it requires additional time to complete procedures relating to its year-end financial statements and subsequent quarterly financial statements and the potential determination of the pending outcome of the confidential arbitration against the Company initiated by Wolfspeed, Inc. resulting from the breach of contract claiming damages, plus interest, costs and attorney’s fees which the Company disputes, as disclosed in its Quarterly Report on Form 10-Q for the nine months ended March 31, 2024, filed with the Securities and Exchange Commission on May 6, 2024 (the “Q3 FY2024 Form 10-Q”). The hearing for the arbitration was held the week of September 30, 2024. While the Company intends to file the Q1 FY2025 Form 10-Q as soon as practicable, the Company does not anticipate being able to file its Q1 FY2025 Form 10-Q within the five-day grace period provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended. Based on the currently available information, and consistent with the Company’s disclosure in the Q3 FY2024 Form 10-Q, the Company expects to disclose in its FY2024 Form 10-K and its Q1 FY2025 Form 10-Q, certain factors raise substantial doubt about the Company’s ability to continue as a going concern. In response to this and the continued challenging economic environment, in the three months ended June 30, 2024, and continuing in the three months ended September 30, 2024, the Company reduced spend across the board in order to stabilize and right-size its business
Charles & Colvard, Ltd. (the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the fiscal year ended June 30, 2024 (the “Form 10-K”). The Company was unable to file its Form 10-K within the prescribed time period without unreasonable effort or expense because it requires additional time to complete procedures relating to its year-end financial statements and the potential determination of the pending outcome of the confidential arbitration against the Company initiated by Wolfspeed, Inc. resulting from the breach of contract claiming damages, plus interest, costs and attorney’s fees which the Company disputes, as disclosed in its Quarterly Report on Form 10-Q for the nine months ended March 31, 2024, filed with the Securities and Exchange Commission on May 6, 2024 (the “Q3 Form 10-Q”). The hearing for the arbitration began September 30, 2024. While the Company intends to file the Form 10-K as soon as practicable, the Company does not anticipate being able to file its Form 10-K within the fifteen-day grace period provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended
Charles & Colvard, Ltd. (the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the fiscal year ended June 30, 2023 (the “Form 10-K”). The Company was unable to file its Form 10-K within the prescribed time period without unreasonable effort or expense because it requires additional time to complete procedures relating to its year-end financial statement review process. The delay was caused in part by a cybersecurity incident that temporarily disrupted the Company’s IT network. While this cybersecurity incident was not material, it delayed the Company closing its financial books and records and preparing its financial statements for the fiscal year ended June 30, 2023. The Company plans to file its Form 10-K within the extension period of 15 calendar days provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
investment advice