OZVN Revenue Plummets 77% Amidst Strategic Pivot to Combat Sports

TL;DR

**OZVN is a cash-strapped microcap with collapsing logistics revenue, making a highly speculative bet on MMA promotion that's yet to launch and likely needs significant capital.**

AI Summary

OZ VISION INC. (OZVN) filed a 10-K/A on October 16, 2025, primarily to add the XBRL portion to its original 10-K for the fiscal year ended June 30, 2025. The company reported a significant decline in revenue, falling from $240,717 in fiscal year 2024 to $54,232 in fiscal year 2025, representing a 77.4% decrease. This revenue was primarily derived from its transportation and logistics business, which relies on less than five customers, raising concerns about stability. OZVN experienced a gross loss of $460 and a net loss of $65,601 for the year ended June 30, 2025, with operating expenses totaling $65,141. The company has limited cash, reporting only $52 as of June 30, 2025. Strategically, OZVN acquired assets of Fighting Leagues LV on September 21, 2023, including a Nevada State Athletic Commission Professional Promoter license and perpetual worldwide broadcast rights for 40 combat sports shows, but has not yet commenced operations utilizing these assets. The company changed its name from "United Express Inc." to "OZ Vision Inc." effective for trading on September 23, 2025. OZVN faces high competition in both logistics and the potential combat sports market, with limited resources and no employees, relying entirely on third-party consultants.

Why It Matters

This filing highlights OZVN's precarious financial state, with a dramatic 77.4% revenue drop and minimal cash reserves, signaling significant operational challenges for investors. The company's reliance on a handful of logistics customers makes its current business highly unstable, while its strategic pivot into combat sports remains unproven and unfunded. For employees (or rather, contractors), the lack of internal staff suggests a lean, high-risk operational model. Customers in the logistics sector face potential service instability, and the broader market should view OZVN as a speculative microcap attempting a high-risk, high-reward transformation in a competitive landscape against established players like UFC.

Risk Assessment

Risk Level: high — OZVN exhibits a high risk level due to its severe financial distress, reporting only $52 in cash as of June 30, 2025, and a net loss of $65,601 for the fiscal year. The company's revenue plummeted by 77.4% from $240,717 in 2024 to $54,232 in 2025, and it operates with a gross loss of $460. Furthermore, OZVN has no employees and relies entirely on third-party consultants, indicating a lack of internal operational stability and significant dependence on external factors.

Analyst Insight

Investors should exercise extreme caution and avoid OZVN given its dire financial state, including minimal cash and declining revenue. The speculative pivot into combat sports, while potentially high-upside, is currently unfunded and unproven, making it a high-risk gamble that could lead to further dilution or insolvency.

Financial Highlights

debt To Equity

N/A

revenue

$54,232

operating Margin

N/A

total Assets

N/A

total Debt

N/A

net Income

-$65,601

eps

N/A

gross Margin

N/A

cash Position

$52

revenue Growth

-77.4%

Revenue Breakdown

Key Numbers

• $54,232 — Revenue for fiscal year ended June 30, 2025 (Represents a 77.4% decrease from prior year)
• $240,717 — Revenue for fiscal year ended June 30, 2024 (Baseline for significant revenue decline)
• $460 — Gross loss for fiscal year ended June 30, 2025 (Indicates inability to cover cost of goods sold)
• $65,601 — Net loss for fiscal year ended June 30, 2025 (Overall financial deficit for the year)
• $52 — Cash on hand as of June 30, 2025 (Extremely limited liquidity)
• 29,372,951 — Shares of common stock outstanding as of June 30, 2025 (Total shares in circulation)
• $12,168,870 — Aggregate market value of non-affiliate common equity (Based on $1.47 share price and 8,278,143 shares)
• September 21, 2023 — Date of Fighting Leagues asset acquisition (Marks the strategic shift towards combat sports)
• September 23, 2025 — Effective date of name change for trading (Marks the official trading under the new name)

Key Players & Entities

• OZ VISION INC. (company) — Registrant
• Securities and Exchange Commission (regulator) — Filing oversight
• Jebour Two Limited (company) — Seller of Fighting Leagues assets
• Fighting Leagues LV (company) — Subsidiary whose assets were acquired
• Nevada State Athletic Commission (regulator) — Issued Professional Promoter license
• FINRA (regulator) — Approved name change for trading
• United Express Inc. (company) — Former name of OZ Vision Inc.
• OTC Markets (market) — Where common stock is listed

FAQ

Risk Factors

• Severe Revenue Decline [high — financial]: Revenue decreased by 77.4% from $240,717 in FY2024 to $54,232 in FY2025. This significant drop highlights a substantial contraction in the company's core business operations.
• Gross and Net Losses [high — financial]: The company incurred a gross loss of $460 and a net loss of $65,601 for FY2025, indicating an inability to cover cost of goods sold and overall operational deficits.
• Extremely Limited Liquidity [high — financial]: As of June 30, 2025, the company had only $52 in cash on hand. This critically low liquidity poses a significant threat to the company's ability to meet its short-term obligations.
• Customer Concentration Risk [high — operational]: The transportation and logistics revenue is generated from less than five customers. This high concentration makes the company vulnerable to the loss of any single customer, which could severely impact revenue.
• Intense Competition [medium — market]: OZVN faces high competition in both its existing transportation and logistics market and its potential combat sports market. This competitive landscape could hinder growth and profitability.
• Unrealized Combat Sports Venture [medium — operational]: The company acquired assets for a combat sports business in September 2023 but has not yet commenced operations. There is no assurance these ventures will be successful or that resources will not be diverted from existing operations.
• Reliance on Third-Party Consultants [medium — operational]: The company has no employees and relies entirely on third-party consultants. This model can lead to potential issues with control, quality, and scalability of services.
• Transportation Industry Regulations [low — regulatory]: The company is subject to various federal, state, and local regulations applicable to its transportation business. Non-compliance could result in fines or operational disruptions.

Industry Context

OZ Vision Inc. operates in the transportation and logistics sector, characterized by intense competition and sensitivity to economic conditions. The company is also exploring the combat sports market, a rapidly growing but highly competitive entertainment industry. Both sectors require significant capital investment and strategic execution to succeed.

Regulatory Implications

The transportation business is subject to various federal, state, and local regulations, requiring ongoing compliance efforts. The combat sports venture may also involve specific licensing and regulatory hurdles, particularly concerning broadcast rights and event promotion.

What Investors Should Do

1. Monitor cash burn and liquidity closely.
2. Assess the viability of the combat sports strategy.
3. Evaluate customer concentration risk in logistics.
4. Consider the extreme operational leverage and lack of employees.

Key Dates

• 2023-09-21: Acquisition of Fighting Leagues LV assets — Marks the company's strategic diversification into the combat sports industry, acquiring a promoter license and broadcast rights.
• 2025-06-30: Fiscal Year End — Reporting period for the 10-K, showing a severe revenue decline and minimal cash reserves.
• 2025-10-16: Filing of 10-K/A — Addition of XBRL data to the original 10-K for the fiscal year ended June 30, 2025.
• 2025-09-23: Effective date of name change to OZ Vision Inc. — Official trading under the new corporate identity, reflecting a potential shift in business focus or strategy.

Glossary

10-K/A

An amended annual report filed with the SEC to correct or supplement information in a previously filed annual report. (This filing indicates that the original 10-K for FY2025 was incomplete or contained errors, with the amendment primarily adding XBRL data.)

XBRL

eXtensible Business Reporting Language, a global standard for the electronic tagging of financial and business information. (The primary purpose of this 10-K/A filing was to add XBRL tagging, which standardizes financial data for easier analysis by investors and regulators.)

Gross Loss

Occurs when the cost of goods sold exceeds the revenue generated from sales. (OZVN reported a gross loss of $460, indicating that its direct costs of providing logistics services were higher than the revenue earned from those services.)

Net Loss

The total expenses of a company exceed its total revenues over a specific period. (OZVN reported a net loss of $65,601 for FY2025, reflecting its overall unprofitability for the year.)

Liquidity

A company's ability to meet its short-term obligations with its most liquid assets. (With only $52 in cash, OZVN has extremely poor liquidity, raising concerns about its ability to continue as a going concern.)

Customer Concentration

A situation where a company derives a significant portion of its revenue from a small number of customers. (OZVN's reliance on fewer than five customers for its logistics revenue presents a substantial risk if any of these customers are lost.)

Year-Over-Year Comparison

The fiscal year ended June 30, 2025, shows a dramatic decline in revenue, down 77.4% from $240,717 in FY2024 to $54,232. This revenue drop has resulted in a gross loss of $460 and a net loss of $65,601, compared to an unspecified prior year performance. The company's cash position has dwindled to an alarming $52 from an unspecified prior year amount, highlighting a severe liquidity crisis. New risks related to the undeveloped combat sports venture and continued customer concentration in logistics are prominent.

Key Financial Figures

• $0.001 — g) of the Exchange Act: Common Stock, $0.001 par value Indicate by check mark if t
• $1.47 — was $ 12,168,870 based upon the price ($1.47) multiplied by the 8,278,143 number of
• $54,232 — 5, and 2024, the Company had revenue of $54,232 and $240,717, respectively. Revenue to
• $240,717 — the Company had revenue of $54,232 and $240,717, respectively. Revenue to date has been
• $54,692 — of $54,232. Cost of goods sold totaled $54,692 for a gross loss of $460 for the year e
• $460 — old totaled $54,692 for a gross loss of $460 for the year ended June 30, 2025. Our o
• $65,141 — e 30, 2025. Our operating expenses were $65,141 resulting in a net loss of $65,601 for
• $65,601 — were $65,141 resulting in a net loss of $65,601 for the year ended June 30, 2025. To be
• $40,000 — porting company may incur costs between $40,000 - $70,000 annually. As of June 30, 2025
• $70,000 — mpany may incur costs between $40,000 - $70,000 annually. As of June 30, 2025, we only
• $52 — ually. As of June 30, 2025, we only had $52 in cash. If we fail to generate suffici

Filing Documents

• form10-ka.htm (10-K/A) — 499KB
• ex31-1.htm (EX-31.1) — 13KB
• ex32-1.htm (EX-32.1) — 5KB
• 0001493152-25-018232.txt ( ) — 2457KB
• unxp-20250630.xsd (EX-101.SCH) — 20KB
• unxp-20250630_cal.xml (EX-101.CAL) — 27KB
• unxp-20250630_def.xml (EX-101.DEF) — 56KB
• unxp-20250630_lab.xml (EX-101.LAB) — 206KB
• unxp-20250630_pre.xml (EX-101.PRE) — 166KB
• form10-ka_htm.xml (XML) — 174KB

Business

Business 4 Item 1A

Risk Factors

Risk Factors 6 Item 1B,C Unresolved Staff Comments and Cybersecurity 12 Item 2

Properties

Properties 12 Item 3

Legal Proceedings

Legal Proceedings 12 PART II Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 13 Item 7

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

Management's Discussion and Analysis of Financial Condition and Results of Operation 13 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 15 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 16 Item 9A

Controls and Procedures

Controls and Procedures 16 Item 9B Other Information 16 PART III Item 10 Directors, Executive Officers and Corporate Governance 17 Item 11

Executive Compensation

Executive Compensation 18 Item 12

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 19 Item 13 Certain Relationships and Related Transactions, and Director Independence 20 Item 14 Principal Accountant Fees and Services 20 PART IV Item 15 Exhibits and Financial Statement Schedules 21

Signatures

Signatures 22 3 PART I Forward-Looking Information included in this Quarterly Report on Form 10-K (this "Report") contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act") and the Private Securities Litigation Reform Act of 1995. This information may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of OZ Vision Inc. (the "Company"), to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations of the Company, are generally identifiable by use of the words "may," "should," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that these projections included in these forward-looking statements will come to pass. Actual results of the Company could differ materially from those expressed or implied by the forward-looking statements as a result of various factors. Except as required by applicable laws, the Company has no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. You should read the matters described and incorporated by reference in "Risk Factors" and the other cautionary statements made in this Report, and incorporated by reference herein, as being applicable to all related forward-looking statements wherever they appear in this Report. We cannot assure you that the forward-looking

forward-looking statements

forward-looking statements. Item 1. Business OZ Vision Inc. (the "Company") currently operates as transportation and logistics company with the ability to deliver merchandise and other items throughout the United States. The Company has had limited operations since its founding. On September 21, 2023, the Company acquired certain assets of Jebour Two Limited held by its subsidiary Fighting Leagues LV ("Fighting Leagues"). The acquired assets will allow the Company, should it determine to do so, to promote combat sports events and selling related media rights internationally. The assets acquired include the Nevada State Athletic Commission Professional Promoter license. The Professional Promoter license is unique, as it allows the Company in the state of Nevada to produce live Kickboxing, Boxing, and MMA shows. Additionally, the transaction included Producers Lifetime rights for the 40 shows previously held by Fighting Leagues. These rights are worldwide and perpetual, encompassing broadcast TV and production rights. Furthermore, the acquisition of the assets of Fighting Leagues also included production and stage equipment. These assets allow the Company to have the necessary equipment for producing shows at any given time. As of the date of this Report, we have not commenced any business operations that utilize the Fighting Leagues assets. On May 5, 2024, the Company amended its Articles of Incorporation with the Nevada Secretary of State to change its name from "United Express Inc." to "OZ Vision Inc." The name change became effective for trading purposes on September 23, 2025, upon approval by FINRA's Corporate Actions office. During the transition period from May 5, 2024 to September 23, 2025, the Company conducted business under both names. 4 Revenues During the years ended June 30, 2025, and 2024, the Company had revenue of $54,232 and $240,717, respectively. Revenue to date has been dependent upon the success of our transportation and logistics bus

Business

Business Strategy We provide management service for long and short distance logistics for clients in the Company's target market areas. Additionally, the Company has begun to explore strategic opportunities to promote, produce, and sponsor, live mixed martial arts fights. The Company owns a Nevada Promoters License which allows the Company the ability to produce live mixed martial arts events in Nevada. Mixed martial arts is one of the fastest growing sports in the United States. Live events can generate revenue through sponsorships, ticket sales, broadcast rights, and other ancillary activities. Though the Company is exploring this strategic opportunity, there can no assurances that the Company will further pursue these opportunities or that, if pursued, any of these strategic opportunities will result in a successful line of business for the Company. There is also the risk that as the Company evaluates these strategic opportunities that time and attention will be diverted from the transportation and logistics operations. Employees The company has no employees. All services to our customers are provided by third party consultants or contractors. Research and Development The Company did not perform any research and development during fiscal years 2025 and 2024. Fees In dispatch and logistics, we charge depending on working time and distance. In the selling process, we based on reasonable margin between wholesale price and retail price. For the period from July 1, 2024, to June 30, 2025, we generated revenues from our customers based on the above principle. Governmental Regulation We are subject to federal, state, local regulations and other regulations applicable to our transportation business. Available Information Currently our common stock is listed on OTCID marketplace. We file annual reports, quarterly reports, and other information with the Securities and Exchange Commission (the "SEC") under the Securities Exchange Act of 1934, as amen

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View this 10-K/A filing on SEC EDGAR