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Mag Magna Corp

MGNC · OTC

5 reporting failures in the last 12 months

Companies at this level ended the following year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for companies with a clean record.

$520Kpublic float
2026-09-15most recent failure

Score over time

0242024202520262024-07-01 · score 22024-06-27 auditor change2024-05-21 auditor change2024-10-01 · score 32024-07-29 filed late (10-K) · auditor2024-06-27 auditor change2024-05-21 auditor change2025-01-01 · score 32024-07-29 filed late (10-K) · auditor2024-06-27 auditor change2024-05-21 auditor change2025-04-01 · score 32024-07-29 filed late (10-K) · auditor2024-06-27 auditor change2024-05-21 auditor change2025-07-01 · score 12024-07-29 filed late (10-K) · auditor2025-10-01 · score 12025-09-15 filed late (10-Q) · accounts not ready2026-01-01 · score 32025-12-29 auditor change2025-12-16 filed late (10-Q) · accounts not ready2025-09-15 filed late (10-Q) · accounts not ready2026-04-01 · score 42026-03-17 filed late (10-Q) · accounts not ready2025-12-29 auditor change2025-12-16 filed late (10-Q) · accounts not ready2025-09-15 filed late (10-Q) · accounts not ready2026-07-01 · score 42026-03-17 filed late (10-Q) · accounts not ready2025-12-29 auditor change2025-12-16 filed late (10-Q) · accounts not ready2025-09-15 filed late (10-Q) · accounts not ready2026-10-01 · score 52026-09-15 filed late (10-K) · accounts not ready2026-07-29 filed late (10-K) · accounts not ready2026-03-17 filed late (10-Q) · accounts not ready2025-12-29 auditor change2025-12-16 filed late (10-Q) · accounts not ready

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

Why they said they were late

Registrant’s Form 10-Q for the nine months ended January 31, 2026 (the “Quarterly Report”) could not be filed within the prescribed time period, due to difficulties finalizing the materials required to complete the preparation of the financial statements to be included in the Quarterly Report, which could not be eliminated without unreasonable effort or expense. Registrant anticipates that it will file the Quarterly Report no later than the fifth calendar day following the prescribed filing date

NT 10-Q, filed 2026-09-15 · accounts not ready

What it filed

2026-09-15filed late (10-Q)accounts not ready SEC →

Registrant’s Form 10-Q for the nine months ended January 31, 2026 (the “Quarterly Report”) could not be filed within the prescribed time period, due to difficulties finalizing the materials required to complete the preparation of the financial statements to be included in the Quarterly Report, which could not be eliminated without unreasonable effort or expense. Registrant anticipates that it will file the Quarterly Report no later than the fifth calendar day following the prescribed filing date

2026-09-15filed late (10-K)accounts not ready SEC →

Registrant’s Form 10-Q for the nine months ended January 31, 2026 (the “Quarterly Report”) could not be filed within the prescribed time period, due to difficulties finalizing the materials required to complete the preparation of the financial statements to be included in the Quarterly Report, which could not be eliminated without unreasonable effort or expense. Registrant anticipates that it will file the Quarterly Report no later than the fifth calendar day following the prescribed filing date

2026-07-29filed late (10-K)accounts not ready SEC →

Registrant’s Form 10-K for the year ended April 30, 2026 (the “Annual Report”) could not be filed within the prescribed time period, due to difficulties finalizing the materials required to complete the preparation of the financial statements to be included in the Annual Report, which could not be eliminated without unreasonable effort or expense. Registrant anticipates that it will file the Annual Report no later than the fifth calendar day following the prescribed filing date

2026-03-17filed late (10-Q)accounts not ready SEC →

Registrant’s Form 10-Q for the nine months ended January 31, 2026 (the “Quarterly Report”) could not be filed within the prescribed time period, due to difficulties finalizing the materials required to complete the preparation of the financial statements to be included in the Quarterly Report, which could not be eliminated without unreasonable effort or expense. Registrant anticipates that it will file the Quarterly Report no later than the fifth calendar day following the prescribed filing date

2025-12-29auditor changed or resigned SEC →

2025-12-16filed late (10-Q)accounts not ready SEC →

Registrant’s Form 10-Q for the three months ended October 31, 2025 (the “Quarterly Report”) could not be filed within the prescribed time period, due to difficulties finalizing the materials required to complete the preparation of the financial statements to be included in the Quarterly Report, which could not be eliminated without unreasonable effort or expense. Registrant anticipates that it will file the Quarterly Report no later than the fifth calendar day following the prescribed filing date

2025-09-15filed late (10-Q)accounts not ready SEC →

Registrant’s Form 10-Q for the three months ended July 31, 2025 (the “Quarterly Report”) could not be filed within the prescribed time period, due to difficulties finalizing the materials required to complete the preparation of the financial statements to be included in the Quarterly Report, which could not be eliminated without unreasonable effort or expense. Registrant anticipates that it will file the Quarterly Report no later than the fifth calendar day following the prescribed filing date

2024-07-29filed late (10-K)auditor SEC →

The Registrant’s Form 10-K for the year ended April 30, 2024 (the “Annual Report”) could not be filed within the prescribed time period due to difficulties finalizing the materials required to complete the Registrant’s audit, which could not be eliminated without unreasonable effort or expense. As a result, the Registrant is still in the process of compiling required information to complete the Annual Report and its current independent registered public accounting firm require additional time to complete their review of the financial statements to be incorporated in the Annual Report. The Registrant anticipates that it will file the Annual Report no later than the fifteenth calendar day following the prescribed filing date

2024-06-27auditor changed or resigned SEC →

2024-05-21auditor changed or resigned SEC →

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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