Commercial Credit Report for CMG Holdings Group Inc

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	CMG Holdings Group Inc
2130 North Lincoln Park West 8N
Phone: (773) 698-6047p:773 698-6047	CHICAGO, IL 60614 United States	Ticker: CMGO CMGO

On 5/3/2024, the Securities and Exchange Commission (SEC) charged BF Borgers CPA PC and its owner, Benjamin F. Borgers, with significant violations of Public Company Accounting Oversight Board (PCAOB) standards across more than 1,500 SEC filings from January 2021 to June 2023. The charges included falsely representing compliance with PCAOB standards to clients, fabricating audit documentation, and inaccurately stating compliance in audit reports. According to the SEC's order, of 369 BF Borgers' clients whose public filings from January 2021 through June 2023 incorporated the firm's audits and reviews, at least 75 percent of the filings incorporated audits and reviews that did not comply with PCAOB standards. The financials in this report may include past audits and reviews conducted by BF Borgers CPA PC that are deemed not compliant with PCAOB standards.

Business Summary

CMG Holdings Group, Inc. is a marketing communications company focused on the operation of organizations in the alternative advertising, digital media, experiential and interactive marketing, and entertainment industries. The Company's segments include XA The Experiential Agency, Inc. (XA) and CMG Holdings Group. It operates in the sectors of experiential marketing, event marketing, commercial rights, and talent management. Its experiential marketing includes production and promotion, event design, sponsorship evaluation, negotiation and activation, talent buying, show production, stage and set design, data analysis, and management. It also offers branding and design services, including graphic, industrial and package designs across traditional and new media, public relations, social media, media development and relations and interactive marketing platforms to provide its clients with a customary private digital media network to develop individual broadcasting digital media channels.

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
Yes	Yes	-	-	-	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
9/30/2024	12/31/2023	Yes	Yes	-	Yes	-

Industries

SIC Code	Description
6798	Real estate investment trusts
7311	Advertising agencies

Business Names

Business Name
Cel Art Library
CMGO
The Experiential Agency, Inc.

General Information

Number of Employees:	3	(As of 12/31/2023)
Outstanding Shares:	438,672,016	(As of 9/30/2024)
Shareholders:	199
Stock Exchange:	OTC
Federal Tax Id:	870733770
Fax Number:	(702) 471-1012

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