CoJax Oil & Gas Corp warns of substantial doubt about its ability to continue as a going concern.
SEC EDGAR, 2026-11-13: 10-Q — "substantial doubt", "material weakness"
CoJax Oil & Gas Corp warns of substantial doubt about its ability to continue as a going concern.
Company: CoJax Oil & Gas Corp (CJAX) Filed: 2026-11-13, 10-Q (Item: none) Phrase: "substantial doubt" — "This raises substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the issuance of these financial statements." What the filing says: Although the company achieved profitable operations during the second and third quarters of 2026, management states that profits are not strong enough to support business expansion. CoJax expects to incur further losses in developing its business and remains dependent on future equity issuances or other financings to fund ongoing operations. As of September 30, 2026, the company had cash of $55,601 and an accumulated deficit of $13,743,546. Two ways it goes: A. CoJax secures additional equity financing or related party advances to fund its operations. B. The company fails to obtain necessary funding and is unable to meet its obligations or continue operations. Next date: none named Watch: Future filings or announcements regarding equity issuances or related party advances. Tags: going concern