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Formation Minerals, Inc.

No reporting failures in the last 12 months

It filed on time and stood behind its numbers. Of companies scoring zero, 4.0% were delisted, went bankrupt, restated or stopped filing within the following year.

$0public float
2025-07-30most recent failure

Score over time

01234202220232024202520262022-04-01 · score 12022-03-16 filed late (10-Q)2022-07-01 · score 12022-03-16 filed late (10-Q)2022-10-01 · score 22022-07-28 filed late (10-K) · accounts not ready2022-03-16 filed late (10-Q)2023-01-01 · score 22022-07-28 filed late (10-K) · accounts not ready2022-03-16 filed late (10-Q)2023-04-01 · score 12022-07-28 filed late (10-K) · accounts not ready2023-07-01 · score 22023-06-13 auditor change2022-07-28 filed late (10-K) · accounts not ready2023-10-01 · score 22023-07-28 filed late (10-K) · auditor2023-06-13 auditor change2024-01-01 · score 32023-12-18 filed late (10-Q) · accounts not ready2023-07-28 filed late (10-K) · auditor2023-06-13 auditor change2024-04-01 · score 42024-03-18 filed late (10-Q) · accounts not ready2023-12-18 filed late (10-Q) · accounts not ready2023-07-28 filed late (10-K) · auditor2023-06-13 auditor change2024-07-01 · score 32024-03-18 filed late (10-Q) · accounts not ready2023-12-18 filed late (10-Q) · accounts not ready2023-07-28 filed late (10-K) · auditor2024-10-01 · score 42024-09-17 filed late (10-Q) · accounts not ready2024-07-30 filed late (10-K) · accounts not ready2024-03-18 filed late (10-Q) · accounts not ready2023-12-18 filed late (10-Q) · accounts not ready2025-01-01 · score 42024-12-17 filed late (10-Q) · accounts not ready2024-09-17 filed late (10-Q) · accounts not ready2024-07-30 filed late (10-K) · accounts not ready2024-03-18 filed late (10-Q) · accounts not ready2025-04-01 · score 42025-03-18 filed late (10-Q) · accounts not ready2024-12-17 filed late (10-Q) · accounts not ready2024-09-17 filed late (10-Q) · accounts not ready2024-07-30 filed late (10-K) · accounts not ready2025-07-01 · score 42025-03-18 filed late (10-Q) · accounts not ready2024-12-17 filed late (10-Q) · accounts not ready2024-09-17 filed late (10-Q) · accounts not ready2024-07-30 filed late (10-K) · accounts not ready2025-10-01 · score 32025-07-30 filed late (10-K) · accounts not ready2025-03-18 filed late (10-Q) · accounts not ready2024-12-17 filed late (10-Q) · accounts not ready2026-01-01 · score 22025-07-30 filed late (10-K) · accounts not ready2025-03-18 filed late (10-Q) · accounts not ready2026-04-01 · score 12025-07-30 filed late (10-K) · accounts not ready2026-07-01 · score 12025-07-30 filed late (10-K) · accounts not ready

Hover or tap a dot to see the filings behind that score.

Why they said they were late

Formation Minerals, Inc. (the “Company”) is unable to file its Annual Report on Form 10-K for the period ended April 30, 2025 (the “Quarterly Report”) within the prescribed period, because the Company requires additional time to prepare and review its financial statements to ensure adequate disclosure of the financial information required to be included in the Quarterly Report, which delay could not be eliminated by the Company without unreasonable effort and expense. The Company currently expects to file the Quarterly Report within the 15 calendar day extension period provided by Rule 12b-25

NT 10-K, filed 2025-07-30 · accounts not ready

What it filed

2025-07-30filed late (10-K)accounts not ready SEC →

Formation Minerals, Inc. (the “Company”) is unable to file its Annual Report on Form 10-K for the period ended April 30, 2025 (the “Quarterly Report”) within the prescribed period, because the Company requires additional time to prepare and review its financial statements to ensure adequate disclosure of the financial information required to be included in the Quarterly Report, which delay could not be eliminated by the Company without unreasonable effort and expense. The Company currently expects to file the Quarterly Report within the 15 calendar day extension period provided by Rule 12b-25

2025-03-18filed late (10-Q)accounts not ready SEC →

Formation Minerals, Inc. (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the period ended January 31, 2025 (the “Quarterly Report”) within the prescribed period, because the Company requires additional time to prepare and review its financial statements to ensure adequate disclosure of the financial information required to be included in the Quarterly Report, which delay could not be eliminated by the Company without unreasonable effort and expense. The Company currently expects to file the Quarterly Report within the 5 calendar day extension period provided by Rule 12b-25

2024-12-17filed late (10-Q)accounts not ready SEC →

Formation Minerals, Inc. (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the period ended October 31, 2024 (the “Quarterly Report”) within the prescribed period, because the Company requires additional time to prepare and review its financial statements to ensure adequate disclosure of the financial information required to be included in the Quarterly Report, which delay could not be eliminated by the Company without unreasonable effort and expense. The Company currently expects to file the Quarterly Report within the 5 calendar day extension period provided by Rule 12b-25

2024-09-17filed late (10-Q)accounts not ready SEC →

Formation Minerals, Inc., formerly known as SensaSure Technologies, Inc. (the “Company”), is unable to file its Quarterly Report on Form 10-Q for the period ended July 31, 2024 (the “Quarterly Report”) within the prescribed period, because the Company requires additional time to prepare and review its financial statements to ensure adequate disclosure of the financial information required to be included in the Quarterly Report, which delay could not be eliminated by the Company without unreasonable effort and expense. The Company currently expects to file the Quarterly Report within the 5 calendar day extension period provided by Rule 12b-25

2024-07-30filed late (10-K)accounts not ready SEC →

Formation Minerals, Inc., formerly known as SensaSure Technologies, Inc. (the “Company”), is unable to file its Annual Report on Form 10-K for the fiscal year ended April 30, 2024 (the “Annual Report”) within the prescribed period, because the Company requires additional time to prepare and review its financial statements to ensure adequate disclosure of the financial information required to be included in the Annual Report, which delay could not be eliminated by the Company without unreasonable effort and expense. The Company currently expects to file the Annual Report within the 15 calendar day extension period provided by Rule 12b-25. 1

2024-03-18filed late (10-Q)accounts not ready SEC →

The Company could not complete the filing of its Quarterly Form 10-Q for the period ended January 31, 2024 (the “Form 10-Q”), due to a delay in obtaining and compiling information required to be included in the Form 10-Q, which delay could not be eliminated by the Company without unreasonable effort and expense. In accordance with Rule 12b-25 under the Securities Exchange Act of 1934, as amended, the Company will file the Form 10-Q no later than the fifth calendar day following the prescribed due date

2023-12-18filed late (10-Q)accounts not ready SEC →

The Company could not complete the filing of its Form 10-Q for the period ended October 31, 2023, due to a delay in obtaining and compiling information required to be included in the Company’s Form 10-Q, which delay could not be eliminated by the Company without unreasonable effort and expense. In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, as amended, the Company will file its Form 10-Q no later than the fifth calendar day following the prescribed due date

2023-07-28filed late (10-K)auditor SEC →

The company has not been able gather all the necessary information and documentation for the auditors to complete the annual audit. The company would incur extraordinary costs that would place a financial burden on the company. SEC 1344 (03-05) Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number

2023-06-13auditor changed or resigned SEC →

2022-07-28filed late (10-K)accounts not ready SEC →

The Company could not complete the filing of its Annual Report on Form 10-K for the period ended April 30, 2021, due to a delay in obtaining and compiling information required to be included in the Company’s Form 10-K, which delay could not be eliminated by the Company without unreasonable effort and expense. In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, as amended, the Company will file its Form 10-K no later than the fifteenth calendar day following the prescribed due date. SEC 1344 (03-05) Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number

2022-03-16filed late (10-Q) SEC →

ed time period. [Please indicate reason for being late] SEC 1344 (03-05) Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number

About this score

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

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