United Express Inc. Files 10-Q/A Amendment

TL;DR

**United Express Inc. filed an amended 10-Q for 2023. Check financials.**

AI Summary

United Express Inc. filed a 10-Q/A amendment on September 16, 2024, for the period ending December 31, 2023. The filing pertains to their transportation services business, with their fiscal year ending on June 30. The company is incorporated in Nevada and their principal business address is in Las Vegas.

Why It Matters

This amended filing provides updated financial information for United Express Inc., which is crucial for investors and stakeholders to assess the company's performance and financial health.

Risk Assessment

Risk Level: low — This filing is an amendment to a previous report and does not appear to contain new material adverse information.

Key Numbers

• 20231231 — Period End Date (The end date of the reporting period for the 10-Q/A.)
• 20240916 — Filing Date (The date the amended 10-Q/A was filed with the SEC.)

Key Players & Entities

• United Express Inc. (company) — Filer of the 10-Q/A
• 0001493152-24-036283 (filing_id) — Accession Number for the filing
• 20231231 (date) — Period of report
• 20240916 (date) — Filing date
• 4345 W. POST RD, LAS VEGAS, NV 89118 (address) — Company business and mail address

FAQ

Key Financial Figures

• $13,125,947 — nce Sheet Total Assets increased from $13,125,947 to the restated amount of $14,185,056 w
• $14,185,056 — m $13,125,947 to the restated amount of $14,185,056 with the following amendments: Reclas
• $13,098,890 — on of the acquisition of intangibles of $13,098,890 which was previously disclosed as an In
• $1,058,209 — on of production and stage equipment of $1,058,209 from the acquisition of Jebour Two Ltd
• $1 — ort. Total Liabilities increased from $1 to the restated amount of $1,073,875 du
• $1,073,875 — eased from $1 to the restated amount of $1,073,875 due to the accounts payable assumed as
• $2,062,865 — t. Accumulated Deficit increased from $2,062,865 to $2,077,630 Based on the above, the
• $2,077,630 B — ed Deficit increased from $2,062,865 to $2,077,630 Based on the above, the TOTAL ASSETS and
• $1,988,662 — of Operations Net loss increased from $1,988,662 to the restated net loss of $2,003,427
• $2,003,427 — $1,988,662 to the restated net loss of $2,003,427 due to the inclusion of operational exp
• $2,077,630 — ed Deficit increased from $2,062,865 to $2,077,630 Statement of Cash Flows Cash as at
• $27,947 — as at December 31, 2023 increased from $27,947 to the restated amount of $27,957 due t
• $27,957 — from $27,947 to the restated amount of $27,957 due to the inclusion of $10 cash held b
• $10 — ount of $27,957 due to the inclusion of $10 cash held by Jebour Two Ltd. In additio

Filing Documents

• form10qa.htm (10-Q/A) — 297KB
• ex31-1.htm (EX-31.1) — 8KB
• ex32-1.htm (EX-32.1) — 4KB
• 0001493152-24-036283.txt ( ) — 1788KB
• unxp-20231231.xsd (EX-101.SCH) — 19KB
• unxp-20231231_cal.xml (EX-101.CAL) — 26KB
• unxp-20231231_def.xml (EX-101.DEF) — 43KB
• unxp-20231231_lab.xml (EX-101.LAB) — 131KB
• unxp-20231231_pre.xml (EX-101.PRE) — 105KB
• form10qa_htm.xml (XML) — 138KB

forward-looking statements

forward-looking statements. 2 TABLE OF CONTENTS Page PART I Financial Item 1. Balance Sheets as of December 31, 2023 (Unaudited) and June 30, 2023 (Audited) 4 5 6 7

Notes to Financial Statements

Notes to Financial Statements 8 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 12 Item 3. Quantitative and Qualitative Disclosures About Market Risk 13 Item 4. Controls and Procedures 13 PART II Other Information Item 1. Legal Proceedings 14 Item 1A. Risk Factors 14 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 14 Item 3. Defaults Upon Senior Securities 14 Item 4. Mine Safety Disclosures 14 Item 5. Other Information 14 Item 6. Exhibits 15

Signatures

Signatures 3 UNITED EXPRESS, INC. BALANCE SHEET DECEMBER 31, 2023 AND JUNE 30, 2023 December 31, 2023 June 30, 2023 Unaudited - Restated Audited ASSETS CURRENT ASSETS: Cash at Bank $ 27,957 $ 609 TOTAL CURRENT ASSETS $ 27,957 $ 609 NON-CURRENT ASSETS: Intangibles $ 13,098,890 $ 0 Production and Stage Equipment $ 1,058,209 $ 0 TOTAL NON-CURRENT ASSETS $ 14,157,099 $ 0 TOTAL ASSETS $ 14,185,056 $ 609 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Other Payable $ 1 $ 1 Accounts Payable $ 1,073,874 $ 0 TOTAL CURRENT LIABILITIES $ 1,073,875 $ 1 STOCKHOLDERS' EQUITY Common stock, $ 0.001 par value; 75,000,000 shares authorized 29,372,951 shares issued and outstanding at December 31, 2023 and 15,592,000 at June 30, 2023 respectively $ 29,372 $ 15,592 Additional paid in capital $ 15,159,439 $ 59,219 Accumulated Deficit $ ( 2,077,630 ) $ ( 74,203 ) TOTAL STOCKHOLDERS' EQUITY $ 13,111,181 $ 608 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 14,185,056 $ 609 See

notes to financial statements

notes to financial statements 4 UNITED EXPRESS, INC. OF OPERATIONS (UNAUDITED) FOR THE THREE MONTHS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022 FOR THE SIX MONTHS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022 For the three For the three For the six For the Six months ended months ended months ended months ended December 31, December 31, December 31, December 31, 2023 - Restated 2022 2023 - Restated 2022 Revenue: Sales $ 48,285 $ 114,342 $ 163,635 $ 179,537 Total Revenues $ 48,285 $ 114,342 $ 163,635 $ 179,537 COST OF SALES Cost of Goods $ 17,100 $ 101,500 $ 17,100 $ 160,425 TOTAL COST OF GOODS SOLD $ 17,100 $ 101,500 $ 17,100 $ 160,425 Gross Profit (Loss) $ 31,185 $ 12,842 $ 146,535 $ 19,112 Operating expenses: Advisory and Consultancy Fees $ 2,114,000 $ 0 $ 2,115,000 $ 0 Transportation, OTC Market fees $ 2,255 $ 7,620 $ 8,255 $ 7,620 General and administration expenses $ 17,832 $ 2,479 $ 26,707 $ 12,116 Total operating expenses $ 2,134,087 $ 10,099 $ 2,149,962 $ 19,736 Income(loss) before income taxes $ ( 2,102,902 ) $ 2,743 $ ( 2,003,427 ) $ ( 624 ) Income tax $ 0 $ 0 $ 0 $ 0 Net income (loss) $ ( 2,102,902 ) $ 2,743 $ ( 2,003,427 ) $ ( 624 ) Net income per basic and diluted shares $ 0 $ 0 $ 0 $ 0 Weighted average number of shares outstanding 29,972,951 15,592,000 23,101,523 15,592,000 See

notes to financial statements

notes to financial statements 5 UNITED EXPRESS INC. OF STOCKHOLDERS' EQUITY (UNAUDITED) FOR THE SIX MONTHS ENDED DECEMBER 31, 2023 Shares Par Value APIC Deficit Equity Total Common Stock Accumulated Stockholders' Shares Par Value APIC Deficit Equity Balance, June 30, 2023 15,592,000 $ 15,592 $ 59,219 $ ( 74,203 ) $ 608 Net loss $ ( 2,003,427 ) $ ( 2,003,427 ) Shares to acquire Intangible and Equipment 12,380,951 $ 12,380 $ 12,987,620 $ 13,000,000 Issuance for services pursuant to Advisory and Consultancy Fees 1,400,000 $ 1,400 $ 2,112,600 $ 2,114,000 Balance, December 31, 2023 29,372,951 $ 29,372 $ 15,159,439 $ ( 2,077,630 ) $ 13,111,181 UNITED EXPRESS INC. OF STOCKHOLDERS' EQUITY (UNAUDITED) FOR THE SIX MONTHS ENDED DECEMBER 31, 2022 Total Common Stock Accumulated Stockholders' Shares Par Value APIC (Deficit) Equity Balance, June 30, 2022 15,592,000 $ 15,592 $ 59,219 $ ( 67,075 ) $ 7,736 Balance 15,592,000 $ 15,592 $ 59,219 $ ( 67,075 ) $ 7,736 Net loss - - $ ( 624 ) $ ( 624 ) Balance, December 31, 2022 15,592,000 $ 15,592 $ 59,219 $ ( 67,699 ) $ 7,112 Balance 15,592,000 $ 15,592 $ 59,219 $ ( 67,699 ) $ 7,112 See

notes to financial statements

notes to financial statements 6 UNITED EXPRESS INC. OF CASH FLOWS (UNAUDITED) FOR THE SIX MONTHS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022 For the six For the six months ended months ended December 31, December 31, 2023 - Restated 2022 Cash flows from operating activities: Net loss $ ( 2,003,427 ) $ ( 624 ) Increase in accounts payables $ 14,765 Share Based Payments $ 2,114,000 $ 0 Net cash (used in) provided by operating activities $ 125,338 $ ( 624 ) Cash flows from investing activities: Acquisition of intangible assets, and production and stage $ ( 97,990 ) Net cash used in investing activities $ ( 97,990 ) $ 0 Cash flows from financing activities: Net cash provided by financing activities $ 0 $ 0 NET INCREASE (DECREASE) IN CASH $ 27,348 $ ( 624 ) CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD $ 609 $ 7,737 CASH AND CASH EQUIVALENTS - ENDING OF PERIOD $ 27,957 $ 7,113 Supplemental Cash Disclosures: Issuance of shares to acquire Intangibles and Equipment 12,380,951 See

notes to financial statements

notes to financial statements 7 UNITED EXPRESS, INC. NOTES TO FINANCIAL STATEMENTS FOR THE SIX MONTHS PERIOD ENDED DECEMBER 31, 2023 AND FOR THE SIX MONTHS PERIOD ENDED DECEMBER 31, 2022 NOTE 1 — Description of Business We are an Emerging Growth Company with revenue generating operations. We were formed on June 23, 2017. United Express operates as a general company of transportation and logistics - to deliver merchandises and other items for companies and individuals across the United States. As such, it is difficult to determine the average customer of the Company as the business has the freedom and the ability to effectively arrange for the transportation of any type of merchandise. The Company receives orders for service from companies seeking to move merchandise, as well as, people relocating to different areas. A primary concern for the Company is its ability to quickly respond to customer requests, provide affordable prices for the services, from pick up to drop off. Fluctuations in oil prices have caused the freight and logistic industries costs to increase during last six months. In the event of a significant increase in the price of fuel, we will also reasonably increase prices (at a standardized rate of markup) to ensure the profitability of the business. We also provide dispatch services. This involves the Company doing search for transportation providers and connect them to cargo owners based upon delivery requirements, transportation routes, type of shipment, equipment requirements, cargo size, delivery time and price. On September 21, 2023, the Company entered into an agreement with Jebour Two Limited and the shareholders of Jebour Two (collectively Jebour) to issue 12,380,951 shares. The shares issued were to three non "U.S. persons" in an "offshore transaction (as those terms are defined in Regulation S of the Securities Act of 1933). Relying on Regulation S and/or Section 4(a)(2) of the Securities Act of 1933, as amended. Jebour

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