United Express Inc. Files Amendment to Annual Report (10-K/A)

TL;DR

<b>United Express Inc. has filed an amendment to its 2023 annual report.</b>

AI Summary

United Express Inc. (OZVN) filed a Amended Annual Report (10-K/A) with the SEC on March 7, 2024. United Express Inc. filed an amendment (10-K/A) to its annual report on March 7, 2024. The filing pertains to the fiscal year ending June 30, 2023. The company's principal business address is 4345 W. Post Rd, Las Vegas, NV 89118. The company was incorporated in Nevada. The filing is made under the Securities Exchange Act of 1934.

Why It Matters

For investors and stakeholders tracking United Express Inc., this filing contains several important signals. This amendment indicates a need for updated or corrected information regarding the company's financial performance or disclosures for the fiscal year ending June 30, 2023. Investors and stakeholders should review the amendment to understand any changes or clarifications made to the original filing, which could impact their assessment of the company's financial health and operations.

Risk Assessment

Risk Level: low — United Express Inc. shows low risk based on this filing. The filing is an amendment to a previous 10-K, suggesting potential corrections or updates rather than new material events, thus posing a low immediate risk.

Analyst Insight

Review the specific changes within the 10-K/A filing to understand the nature of the amendment and its potential impact on United Express Inc.'s financial reporting.

Key Numbers

• 2023-06-30 — Fiscal Year End (The period covered by the amended annual report)
• 2024-03-07 — Filing Date (Date the amendment was filed)

Key Players & Entities

• United Express Inc. (company) — Filer of the 10-K/A amendment
• SEC (regulator) — Recipient of the filing
• 4345 W. Post Rd, Las Vegas, NV 89118 (company) — Business and mailing address for United Express Inc.

FAQ

Industry Context

United Express Inc. operates within the Transportation Services industry.

Regulatory Implications

The filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to submit annual reports.

What Investors Should Do

1. Analyze the specific changes and reasons provided in the 10-K/A amendment.
2. Verify if the amendment addresses any previously identified discrepancies or requires updated financial analysis.
3. Monitor future filings for any further updates or clarifications from United Express Inc.

Key Dates

• 2024-03-07: Filing of 10-K/A Amendment — Indicates updated or corrected information for the fiscal year 2023.
• 2023-06-30: Fiscal Year End — The reporting period for the annual report.

Year-Over-Year Comparison

This is an amended filing (10-K/A), indicating revisions or additions to the original 10-K filing for the fiscal year ended June 30, 2023.

Key Financial Figures

• $0.001 — g) of the Exchange Act: Common Stock, $0.001 par value Indicate by check mark if t
• $1.58 — m was $ 2,513,780 based upon the price ($1.58) multiplied by the 1,591,000 number of
• $296,422 — from July 1, 2022 to June 30, 2023 was $296,422. We currently have several customers wo
• $40,000 — iver generates earnings somewhere about $40,000 in a month and 4% is $1,600. We can ope
• $1,600 — here about $40,000 in a month and 4% is $1,600. We can operate with 100 drivers at the
• $4,000,000 — , our expenses with 100 drivers will be $4,000,000 and 5% is $160,000. Consistent cash f
• $160,000 — 00 drivers will be $4,000,000 and 5% is $160,000. Consistent cash flow is a key in bei
• $4 million — ice. Base on the above we need around $4 millions for these activities. We expect the
• $20,000 — we are required around $4,000,000 plus $20,000 to be a reporting company. Additional
• $609 — une 30, 2023, our remaining capital was $609 in cash and for the period from July 1,
• $7,737 — June 30, 2022 our remaining capital was $7,737 in cash and this is not enough to cover
• $35,136 — ues of $296,422. Our operating expenses $35,136, Our Cost of Sales $268,414 include Log
• $268,414 — ing expenses $35,136, Our Cost of Sales $268,414 include Logistic, Dispatcher Service, C
• $30,000 — reporting company may be around $20,000-$30,000 annually. As of June 30, 2023, we had o
• $1.0 billion — irements. As a company with less than $1.0 billion in total annual gross revenue during ou

Filing Documents

• unxp063023form10ka.htm (10-K/A) — 524KB
• ex31_1.htm (EX-31.1) — 13KB
• ex32_1.htm (EX-32.1) — 5KB
• 0001607062-24-000086.txt (&nbsp;) — 1719KB
• unxp-20230630.xsd (EX-101.SCH) — 16KB
• unxp-20230630_cal.xml (EX-101.CAL) — 20KB
• unxp-20230630_def.xml (EX-101.DEF) — 25KB
• unxp-20230630_lab.xml (EX-101.LAB) — 109KB
• unxp-20230630_pre.xml (EX-101.PRE) — 84KB
• unxp063023form10ka_htm.xml (XML) — 107KB

Risk Factors

Item 1A Risk Factors 6

Unresolved Staff Comments

Item 1B Unresolved Staff Comments 12

Properties

Item 2 Properties 12

Legal Proceedings

Item 3 Legal Proceedings 12

Mine Safety Disclosures

Item 4 Mine Safety Disclosures 12 PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 13

Selected Financial Data

Item 6 Selected Financial Data 13

Management's Discussion and Analysis of Financial Condition and Results of Operation

Item 7 Management's Discussion and Analysis of Financial Condition and Results of Operation 13

Quantitative and Qualitative Disclosures About Market Risk

Item 7A Quantitative and Qualitative Disclosures About Market Risk 15

Financial Statements and Supplementary Data

Item 8 Financial Statements and Supplementary Data F-1 - F-9

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 25

Controls and Procedures

Item 9A Controls and Procedures 25

Other Information

Item 9B Other Information 25 PART III

Directors, Executive Officers and Corporate Governance

Item 10 Directors, Executive Officers and Corporate Governance 26

Executive Compensation

Item 11 Executive Compensation 27

Security Ownership of Certain Beneficial Owners and Management

Item 12 Security Ownership of Certain Beneficial Owners and Management 27

Certain Relationships and Related Transactions, and Director Independence

Item 13 Certain Relationships and Related Transactions, and Director Independence 28

Principal Accountant Fees and Services

Item 14 Principal Accountant Fees and Services 28 PART IV

Exhibits and Financial Statement Schedules

Item 15 Exhibits and Financial Statement Schedules 29

Signatures

Signatures 30 3 PART I Forward-Looking The Securities and Exchange Commission ("SEC") encourages us to disclose forward-looking information so that investors can better understand future prospects and make informed investment decisions. This Annual Report on Form 10-K contains forward-looking statements with Management Discussion. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our industry, our beliefs and our assumptions. Words such as "may," "expect," "believe," "anticipate," "estimate," "project," or "continue" or comparable terminology used in connection with any discussion of future operating results or financial performance identify forward-looking statements. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this prospectus. All forward-looking statements reflect our present expectation of future events and are subject to a number of important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking provide examples of these risks and uncertainties. The safe harbor for forward-looking statements is not applicable to this offering pursuant to Section 27A of the Securities Act of 1933. Item 1. Business We are an Emerging Growth Company with revenue generating operations. We were formed on June 23, 2017 and have five years of business experience. The United Express operates as a general company of transportation, dispatch service logistics, delivery merchandises and other items for companies and individuals across the United State. As such, it is difficult to determine the average customer of the Company as the business will have the freedom and the ability to effectively arrange for the

Business

Business Strategy Transportation and logistics service as a barometer of the U.S. economy, because it represents significate percent of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods, according to the American Trucking Associations. ATA expects transportation business continued growth and going forward. We provide management service for long and short distance logistics for clients in the Company's target market areas. The Company offers to our clients the transportation ability to all of their hauling needs through one business which will provide them with the ability to manage their shipments in a cost and time effective manner. The prices are determined on a shipment basis to accommodate our customers' needs based on our transportation capabilities, size and type of shipment, distance, route gas price, delivery time. Our second business activity is a dispatch service to improve the efficiency of the clients' supply chain management and delivery operations. These services are now heavily in demand among product distributors and retailers. Our business strategy steps below: Search for cargo owners and private sellers who need transportation service; Communicate with owner operators, truck drivers and cargo vans owners to use their vehicles and services in the short term; Increase the number of wholly-owned cargo vans; We plan to work with auto dealers to purchase our own fleet of vehicles; Create a maintenance a repair shop for vehicle repairs; Search for cargo sellers; Search for drivers; Purchase the initial cargo vans inventories for our business; Create dispatch service department Revenue As a Startup Business we expect increase gross revenue for the next 12 moths. Services We offer a dispatch service and logistics services to our customers include parcel shipping services for single or multiple pallets of freight to the destination requested by the customers. As of tod

View Full Filing

View this 10-K/A filing on SEC EDGAR