SPLASH BEVERAGE GROUP, INC. (SBEV): Material weakness disclosed
Severity scores the disclosed filing signal, not a judgment about the company or its securities.
What was disclosed
As disclosed in this Report under “Item 9A-Controls and Procedures”, we have identified material weaknesses in the Company’s internal controls related to a limited segregation of duties due to our limited resources and insufficient accounting employees, resulting in
Why it matters
A material weakness is a deficiency in internal control over financial reporting that could allow a material misstatement to go undetected.