Reliability Replaces Auditor: RJI Out, Weinberg In, Amid Going-Concern Doubt
RLBY has more than doubled off its 52-week low of $0.01.
Summary
Reliability dismissed auditor Ramirez Jimenez International and engaged Weinberg & Company, effective October 8-9, 2026. The outgoing auditor's 2025 report had flagged going-concern doubt, and the company disclosed no disagreements or reportable events.
Key Events · Corporate Governance and Compliance · RLBY
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Auditor Dismissed and Replaced
Audit Committee approved the transition on September 30, 2026; Weinberg & Company was engaged effective October 8, 2026 and Ramirez Jimenez International CPAs was notified of dismissal effective October 9, 2026.
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Prior Going-Concern Language
RJI's reports for fiscal 2024 and 2025 were not adverse, disclaimed, or qualified as to scope or accounting principles, but the 2025 report included explanatory language expressing substantial doubt about the company's ability to continue as a going concern.
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No Disagreements Disclosed
The company reported no disagreements with RJI on accounting principles, disclosure, or auditing scope or procedure, and no reportable events under Item 304(a)(1)(v), for FY2024, FY2025, or the interim period through October 9, 2026.
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New Auditor Engagement Scope
Weinberg will review the September 30, 2026 interim financial statements, audit the fiscal year ending December 31, 2026, and review interim statements for the first three quarters of 2027.
Analysis · RLBY · Industrial Applications And Services
Reliability swapped its independent auditor, dismissing Ramirez Jimenez International CPAs effective October 9, 2026 and engaging Weinberg & Company effective October 8, 2026. The outgoing auditor's reports for fiscal 2024 and 2025 were unqualified as to scope and accounting principles, but the 2025 report carried explanatory language expressing substantial doubt about the company's ability to continue as a going concern — a condition the company itself reiterated in its August 14, 2026 10-Q alongside a $104K working capital deficit. The filing states there were no disagreements and no reportable events under Item 304(a)(1)(iv) or (v), and RJI's attached letter concurs with the company's description of its dismissal. For a company trading at roughly five cents a share with a market cap near $2.4 million, an auditor transition is a governance event investors weigh heavily: it can reflect cost pressure, scope disputes, or a search for a firm willing to sign off on a going-concern issuer. Weinberg's engagement covers the September 30, 2026 interim review, the fiscal 2026 audit, and interim reviews through the first three quarters of 2027.
How filings like this one have moved
In the 30 days to Nov 2, 2026, 40.4% of the 1069 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.35%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RLBY was trading at $0.05 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $2.4M. The 52-week trading range was $0.01 to $0.13. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.