Singularity Future Tech Files 2024 10-K
Ticker: SGLY · Form: 10-K · Filed: Oct 15, 2024 · CIK: 1422892
| Field | Detail |
|---|---|
| Company | Singularity Future Technology Ltd. (SGLY) |
| Form Type | 10-K |
| Filed Date | Oct 15, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, annual-report, transportation, freight
TL;DR
Singularity Future Tech filed its 2024 10-K, covering freight ops. Check financials.
AI Summary
Singularity Future Technology Ltd. filed its annual report on Form 10-K for the fiscal year ended June 30, 2024. The company, formerly known as Sino-Global Shipping America, Ltd., is based in Great Neck, New York. The filing covers its operations in freight and cargo transportation.
Why It Matters
This filing provides investors with a comprehensive overview of Singularity Future Technology Ltd.'s financial performance and operational status for the past fiscal year.
Risk Assessment
Risk Level: medium — The company has a history of name changes and operates in a competitive industry, which can present inherent risks.
Key Numbers
- 0630 — Fiscal Year End (Indicates the end of the reporting period for the annual financial statements.)
- 001-34024 — Commission File Number (Unique identifier for the company's filings with the SEC.)
- 11-3588546 — IRS Employer Identification Number (Tax identification number for the company.)
Key Players & Entities
- Singularity Future Technology Ltd. (company) — Registrant
- Sino-Global Shipping America, Ltd. (company) — Former company name
- June 30, 2024 (date) — Fiscal year end
- 001-34024 (dollar_amount) — Commission file number
- 98 Cutter Mill Road Suite 311 Great Neck, New York 11021 (company) — Principal executive offices address
FAQ
What is the primary business of Singularity Future Technology Ltd. as described in the 10-K?
The company is involved in the arrangement of transportation of freight and cargo, as indicated by its Standard Industrial Classification code [4731].
When did Singularity Future Technology Ltd. change its name from Sino-Global Shipping America, Ltd.?
The date of the name change was January 7, 2008.
What is the physical address of Singularity Future Technology Ltd.'s principal executive offices?
The principal executive offices are located at 98 Cutter Mill Road, Suite 311, Great Neck, New York 11021.
What is the Commission file number for Singularity Future Technology Ltd.?
The Commission file number is 001-34024.
For which fiscal year is this 10-K report filed?
This 10-K report is for the fiscal year ended June 30, 2024.
Filing Stats: 4,466 words · 18 min read · ~15 pages · Grade level 17.4 · Accepted 2024-10-15 11:58:25
Filing Documents
- ea0217304-10k_singularity.htm (10-K) — 1597KB
- ea021730401ex21-1_singular.htm (EX-21.1) — 10KB
- ea021730401ex23-1_singular.htm (EX-23.1) — 3KB
- ea021730401ex31_singular.htm (EX-31) — 19KB
- ea021730401ex32_singular.htm (EX-32) — 7KB
- ea021730401ex97-1_singular.htm (EX-97.1) — 28KB
- image_001.jpg (GRAPHIC) — 104KB
- ex23-1_001.jpg (GRAPHIC) — 2KB
- ex23-1_002.jpg (GRAPHIC) — 3KB
- 0001213900-24-087619.txt ( ) — 9278KB
- sgly-20240630.xsd (EX-101.SCH) — 99KB
- sgly-20240630_cal.xml (EX-101.CAL) — 64KB
- sgly-20240630_def.xml (EX-101.DEF) — 394KB
- sgly-20240630_lab.xml (EX-101.LAB) — 733KB
- sgly-20240630_pre.xml (EX-101.PRE) — 412KB
- ea0217304-10k_singularity_htm.xml (XML) — 1147KB
Business
Business 1 Item 1A.
Risk Factors
Risk Factors 15 Item 1B. Unresolved Staff Comments 20 Item 1C. Cybersecurity 20 Item 2.
Properties
Properties 20 Item 3.
Legal Proceedings
Legal Proceedings 20 Item 4. Mine Safety Disclosures 20 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 21 Item 6. [Reserved] 21 Item 7.
Management's Discussion and Analysis or Plan of Operation
Management's Discussion and Analysis or Plan of Operation 21 Item 7A.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 30 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 30 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 30 Item 9A.
Controls and Procedures
Controls and Procedures 30 Item 9B. Other Information 31 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 31 PART III Item 10. Directors, Executive Officers and Corporate Governance 32 Item 11.
Executive Compensation
Executive Compensation 35 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 37 Item 13. Certain Relationships and Related Transactions, and Director Independence 39 Item 14. Principal Accountant Fees and Services 40 Item 15. Exhibits, Financial Statement Schedules 41 Item 16. Form 10-K Summary 41 i INTRODUCTION Unless the context otherwise requires, in this annual report on Form 10-K (this "Report"): "We," "us," "our," and "our Company" refer to Singularity Future Technology Ltd., a Virginia company incorporated in September 2007, and all of its direct and indirect consolidated subsidiaries; "Singularity" refers to Singularity Future Technology, Ltd; "Sino-China" refers to Sino-Global Shipping Agency Ltd., a Chinese legal entity; "PRC" refers to the People's Republic of China, excluding Taiwan for the purpose of this Report; "US" or "U.S." refers to the United States of America; "RMB" or "Renminbi" refers to the legal currency of China, and "
quot; or "U.S. dollars" refers to the legal currency of the United States. Names of certain PRC companies provided in this Report are translated or transliterated from their original PRC legal names. Discrepancies, if any, in any table between the amounts identified as total amounts and the sum of the amounts listed therein are due to rounding. ii CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Report contains certain statements that constitute "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"). Such forward-looking statements, including but not limited to statements regarding our projected growth, trends and strategies, future operating and financial results, financial expectations and current business indicators are based upon current information and expectations and are subject to change based on f