United Express Inc. Amends Prior Financial Statement Filing
Ticker: OZVN · Form: 8-K/A · Filed: Jun 24, 2024 · CIK: 1751707
| Field | Detail |
|---|---|
| Company | United Express Inc. (OZVN) |
| Form Type | 8-K/A |
| Filed Date | Jun 24, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, financial-restatement, sec-filing
TL;DR
United Express Inc. is correcting a past financial statement filing from March 21, 2024.
AI Summary
United Express Inc. filed an 8-K/A amendment on June 24, 2024, related to a previously issued financial statement or audit report. The original event date triggering the report was March 21, 2024. The company, incorporated in Nevada, is in the transportation services sector.
Why It Matters
This filing indicates a potential issue or correction with United Express Inc.'s previously released financial information, which could impact investor confidence and the accuracy of financial reporting.
Risk Assessment
Risk Level: medium — Amendments to financial statements can signal underlying accounting issues or restatements, which carry inherent risks for investors.
Key Players & Entities
- United Express Inc. (company) — Registrant
- March 21, 2024 (date) — Earliest event date reported
- June 24, 2024 (date) — Filing date of the amendment
- Nevada (jurisdiction) — State of incorporation
FAQ
What specific financial statements or audit reports are being amended by United Express Inc.?
The filing does not specify which particular financial statements or audit reports are being amended, only that it is an amendment to a previous filing concerning 'Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review'.
What was the original date of the event that necessitated the initial filing?
The earliest event reported was on March 21, 2024.
When was this amendment (8-K/A) filed with the SEC?
This Form 8-K/A was filed as of June 24, 2024.
What is the primary business of United Express Inc. according to the filing?
United Express Inc. is classified under the Standard Industrial Classification code 4700, which is 'TRANSPORTATION SERVICES'.
Where is United Express Inc. headquartered?
The company's principal executive offices are located at 4345 W. Post Road, Las Vegas, Nevada 89118.
Filing Stats: 610 words · 2 min read · ~2 pages · Grade level 12.8 · Accepted 2024-06-24 15:17:24
Filing Documents
- unxp062424form8ka.htm (8-K/A) — 29KB
- 0001607062-24-000224.txt ( ) — 196KB
- unxp-20240321.xsd (EX-101.SCH) — 3KB
- unxp-20240321_lab.xml (EX-101.LAB) — 33KB
- unxp-20240321_pre.xml (EX-101.PRE) — 22KB
- unxp062424form8ka_htm.xml (XML) — 4KB
02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review As a result of a review of our company's transactions, due to a comment from the Securities and Exchange Commission, and subsequent to our filing of the Form 10-Q for the interim periods ended December 31, 2023, and March 31, 2024, we identified certain errors that have a material impact on our previously issued financial information contained in the Form 10-Q for the periods ended December 31, 2023, and March 31, 2024. These Form 10-Q filings were initially filed with the Securities and Exchange Commission on February 12, 2024 and April 25, 2024 respectively. In performing this review our company discovered that certain note disclosure to our interim financial statements had material changes that were required. This pertained to footnote disclosure in regards to our acquisition of Jebour Two Ltd and its wholly owned subsidiary, Fighting Leagues LV Inc. We accounted for the acquisition as a business combination as opposed to an asset acquisition and have reconsidered the determination of whether Jebour Two is considered a business pursuant to ASC 805-10-55-3A through 55-9 given that the license issued by the Nevada State Athletic Commission was the key material asset of the acquisition. We have discussed these issues with our independent accountants and are working with them to ensure additional reviews of our proposed amended disclosure. Our company plans to file a further amendment to the Quarterly Reports on Form 10-Q for the periods ended December 31, 2023, and March 31, 2024 in order to accurately disclose the impact on the quarterly periods. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNITED EXPRESS INC. Dated: June 24, 2024 By: /s/ Andrei Stoukhan Andrei Stoukhan Director