BlueOne Card, Inc. Files 10-K/A Amendment

TL;DR

BlueOne Card filed an amended 10-K for FY ending 3/31/24. Check for updates.

AI Summary

BlueOne Card, Inc. filed an amendment (10-K/A) on July 15, 2024, for its fiscal year ending March 31, 2024. The company, formerly known as Manneking, Inc., is based in North Las Vegas, Nevada. This filing likely contains updated or corrected information regarding its financial statements and business operations for the period.

Why It Matters

This amended filing provides updated financial and operational details for BlueOne Card, Inc., which is crucial for investors and stakeholders to assess the company's current performance and future outlook.

Risk Assessment

Risk Level: medium — As an amended filing, it suggests there may have been errors or omissions in the original filing, requiring correction and potentially indicating underlying issues.

Key Numbers

• 2024-03-31 — Fiscal Year End (Reporting period for the 10-K/A)
• 2024-07-15 — Filing Date (Date the amendment was submitted)

Key Players & Entities

• BlueOne Card, Inc. (company) — Filer
• Manneking, Inc. (company) — Former company name
• July 15, 2024 (date) — Filing date
• March 31, 2024 (date) — Fiscal year end
• North Las Vegas, Nevada (location) — Company address

FAQ

Key Financial Figures

• $0.001 — (g) of the Act: Common Stock, Par Value $0.001 Indicate by check mark if the registr
• $60,000 — go. We agreed to pay a one-time fee of $60,000 to initiate the process to establish on
• $42,500 — On March 1, 2024, we made a payment of $42,500 towards the one-time fee of $60,000 as

Filing Documents

• form10-ka.htm (10-K/A) — 1162KB
• ex31-1.htm (EX-31.1) — 16KB
• ex32-1.htm (EX-32.1) — 7KB
• form10-ka_001.jpg (GRAPHIC) — 36KB
• 0001493152-24-027897.txt ( ) — 4731KB
• bcrd-20240331.xsd (EX-101.SCH) — 32KB
• bcrd-20240331_cal.xml (EX-101.CAL) — 53KB
• bcrd-20240331_def.xml (EX-101.DEF) — 123KB
• bcrd-20240331_lab.xml (EX-101.LAB) — 259KB
• bcrd-20240331_pre.xml (EX-101.PRE) — 216KB
• form10-ka_htm.xml (XML) — 546KB

BUSINESS

BUSINESS 9 ITEM 1A.

RISK FACTORS

RISK FACTORS 25 ITEM 1B. UNRESOLVED STAFF COMMENTS 25 ITEM 1C CYBERSECURITY 25 ITEM 2.

PROPERTIES

PROPERTIES 25 ITEM 3.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 25 ITEM 4. MINE SAFETY DISCLOSURES 25 PART II 25 ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 25 ITEM 6. [RESERVED] 26 ITEM 7. MANAGEMENTS' DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 26 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 33 ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 33 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 33 ITEM 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 33 ITEM 9B. OTHER INFORMATION 35 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 35 PART III 35 ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 35 ITEM 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 38 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 40 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 40 ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 41 PART IV 41 ITEM 15. EXHIBIT AND FINANCIAL STATEMENT SCHEDULES 41 ITEM 16. FORM 10-K SUMMARY 42

SIGNATURES

SIGNATURES 43 In this Annual Report on Form 10-K (the " Annual Report "), unless otherwise stated or as the context otherwise requires, references to "BlueOne Card, Inc.," "BlueOne ," " the Company ," " we ," " us ," " our " and similar references refer to BlueOne Card, Inc., a Nevada corporation formerly known as "Avenue South Ltd.," "TBSS International, Inc.," or "Manneking Inc.". Our logo and other trademarks or service marks of the Company appearing in this Annual Report are the property of BlueOne Card, Inc. This Annual Report also contains registered marks, trademarks, and trade names of other companies. All other trademarks, registered marks, and trade names appearing in this Annual Report are the property of their respective holders. 2 Cautionary Note Regarding Forward-Looking Statements and Industry Data This Annual Report, in particular, Part II Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations," contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the " Securities Act "), and Section 21E of the Securities Exchange Act of 1934, as amended (the " Exchange Act "). These forward-looking statements represent our expectations, beliefs, intentions, or strategies concerning future events, including, but not limited to, any statements regarding our assumptions about financial performance; the continuation of historical trends; the sufficiency of our cash balances for future liquidity and capital resource needs; the expected impact of changes in accounting policies on our results of operations, financial condition or cash flows; anticipated problems and our plans for future operations; and the economy in general or the future of the defense industry, all of which were subject to various risks and uncertainties. When used in this Annual Report and other reports, statements, and information we have filed with the Securities and Exchange Commis

BUSINESS

BUSINESS Overview BlueOne Card Inc., a Nevada corporation (the " Company "), through our relationship with our new master program manager, Expanse Financial Technologies, Inc., (the " Program Manager "), a Delaware corporation, is a reseller of an all-in-one prepaid, branded card to be issued by the Program Manager which we believe has numerous user benefits. We are aiming to provide innovative payout solutions and prepaid cards to consumers. Unlike other prepaid card distributors and companies, we specifically aim to target those customers who are unbanked, or non-bankable, and who have needs crossing international borders. The Program Manager has a well-established full functioning platform and has numerous clients in the United States of America ("USA"). According to the data from the Federal Reserve, there are an estimated 60-65 million adults residing in the USA, who are unbanked or underbanked. 1 This means that about 18% of the entire USA population has difficulties utilizing the standard banking system. This is our target group of customers. Through our relationship with the Program Manager, we will earn revenues mostly through transaction and monthly fees charged to customers by the Program Manager provided by us for the issued general purpose reloadable prepaid debit card, and reloading fees, ATM withdrawal fees, and card to card money transaction fees. We will be acting as an independent sales representative of the Program Manager and we will receive revenues from end-customer contracts, which will be executed with the Program Manager. To date, we have generated nominal revenues from our planned business and our business is now in a new development stage. The new Program Manager's platform is being customized for us, and, to date revenues have been derived from the sales of prepaid debit and gift cards using the prior Program Manager. Once the Program Manager's platform is customized, we anticipate deriving revenues from processing and other fees.

View Full Filing

View this 10-K/A filing on SEC EDGAR