Company: IVHI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001683168-25-003408
Chunk: 31

Company: Invech Holdings, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 31
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internal control over financial reporting was not effective, because management identified a material weakness in the Company’s
internal control over financial reporting related to the segregation of duties as described below.

While the Company does adhere
to internal controls and processes that were designed, it is difficult with a very limited staff to maintain appropriate segregation of
duties in the initiating and recording of transactions, thereby creating a segregation of duties weakness. Due to: (i) the significance
of segregation of duties to the preparation of reliable financial statements; (ii) the significance of potential misstatement that could
have resulted due to the deficient controls; and (iii) the absence of sufficient other mitigating controls, we determined that this control
deficiency resulted in more than a remote likelihood that a material misstatement or lack of disclosure within the annual or interim financial
statements may not be prevented or detected.

Management’s
Remediation Initiatives

Management has evaluated,
and continues to evaluate, avenues for mitigating our internal controls weaknesses, but mitigating controls to completely mitigate internal
control weaknesses have been deemed to be impractical and prohibitively costly, due to the size of our organization at the current time.
Management expects to continue to use reasonable care in following and seeking improvements to effective internal control processes that
have been and continue to be in use at the Company.

 17 

PART II – OTHER INFORMATION

Item 1. Legal Proceedings

During the period ending March 31, 2025, we are not
a party to any material or legal proceeding, and, to our knowledge, none is contemplated or threatened.

Item 1A. Risk Factors

We are a smaller reporting company and, as a result,
are not required to provide the information under this item. Please review the risk factors identified in Item 1.A of our 2024 10-K financial
reporting statement.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds

During the three months ended March 31, 2025, the
Company did not sell any unregistered securities.

Item 3. Defaults Upon Senior Securities

There have been no defaults upon senior securities.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

During the quarter
ended March 31, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule
10b5-1 trading arrangement,” as each term is