The following discussion and analysis should be read in conjunction with the
balance sheet as of June 30,2022 and March 31,2023 and the financial statements
for the nine months period ended March 31, 2022 included herein. The results
shown herein are not necessarily indicative of the results to be expected for
any future periods.
This discussion contains forward-looking statements, based on current
expectations with respect to future events and financial performance and
operating results, which statements are subject to risks and uncertainties,
including but not limited to those discussed below and elsewhere in this
Prospectus that could cause actual results to differ from the results
contemplated by this forward-looking statement. We urge you to carefully
consider the information set forth in our S1form under the heading "Note
Regarding Forward Looking Statements" and "Risk Factors".
We are a small reporting emerging growth company incorporated in the State of
Nevada on June 23, 2017. The United Express Inc. was developed to provide a
comprehensive management service for long and short distance logistics for
clients in the Company's target market area. The Company will offer its 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.
We are the company with growing revenue generating options. We are currently
focused on expanding our network of new customers, provide dispatch service,
logistics and selling used appliances.
Forward-Looking Statements
The Securities and Exchange Commission ("SEC") encourages companies to disclose
forward-looking information so that investors can better understand future
prospects and make informed investment decisions. Our registration statement
contains these types of statements. 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 statements. The factors listed in the
"Risk Factors" section in our S1 form, as well as any cautionary language in
this prospectus, 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.
Business Overview
We are a small reporting Emerging growth company in transportation sector with
revenue generating operations. We were formed on June 23, 2017 and have over
five years of business experience.
The United Express Inc. intends to operate as a general company of
transportation and delivery of merchandise, household goods, and other items for
companies and individuals across the United State. Management anticipates that
the business will receive orders for service from companies seeking to move
merchandise, as well as, people relocating to different areas of the target
regional market area. A primary concern for the Company is its ability to
quickly respond to customer request, give affordable price for the services, and
carry the full responsibility from pick up to drop off. In this quarter our
activities were providing dispatch services for the other companies. We working
with CVK Express and doing dispatch service for them.
For the 3 months ended March 31, 2023 our business activities have focused
mostly on the development of our business plan, locating producers of goods,
despatchers, researching for new customers, logistics, development of optimal
traffic routes.
As of March 31,2023, we generated income from CVK Express Inc. $99,505 for
dispatch service.
As of March 31,2022, we generated income from CVK Express LLC. $145,157 for
dispatch, $50,800 from AG Appliance Repair company who bought from us used
appliances, $7,470 from ARI Logistics as for the freight agent, $42,400 from
Antech Appliances for used appliances, $10,000 from Liontruking.
Our three months revenues for the period ended March 31,2023 was $99,505.
11
We planning continue work with businesses in transportation service ,
relocation, short terms storage and other's needs.
We also plan to deliver cargo through others transportation providers if we get
more delivery orders than can afford. In this case here is our position as
intermediary company.
Our fees are count based on our expenses, size and type of shipment, distance,
route, gas price and other customer needs.
For the nine months period ended March 31,2023, we
• developed our business plan;
• selected business partners;
• found the cargo dealers;
• chose despatcher providers;
• created a list of potential customers and their requirements;
• chose optimal routes of traffic;
Our revenues are concentrated in one customer and in case we lose this company
our revenues and results of operations will be negatively impacted.
Our revenue for the 3 months ended March 31, 2023 was $99,505. Our revenue for
the 3 months ended March 31, 2022 was $255,827
Liquidity
On March 31, 2023, we had $2,406 in cash for our operations. For the period
ended March 31,2022 we had $16,957 in cash for our operations and $32,957 total
assets. We will attempt to fund from our future operations, which may be
insufficient to fund such amounts. There is no assurance our estimates of these
costs are accurate.
Capital resources
We don't have the fixed assets on our balance.
Results of Operations for the nine months period ended March 31, 2023 and for
the nine months period ended March 31, 2022
As a small reporting emerging growth company, we have received $279,042
operating revenues for the nine months period ended March 31, 2023 and 899,249
for the nine months period ended March 31,2022. Recorded revenues were generated
from customers' payments. The Company is currently devoting substantially of its
present efforts to customer network and establishing the business.
For the nine months period ended March 31, 2023 our revenue was generated from
our customers for the dispatch service. Our cash balance was $2,406.
For this period, we had Logistic, Dispatcher Service, Call Center, Freight
brokerage Expenses $261,645. Also, for this period, we had $15,108 general and
administration expense, $7,620 we paid to OTCQB market. Our net loss from
operations was $ 5,331 in compare with our net loss $42,593 in similar period
year ago.
As a small reporting emerging growth company, we have received $899,249
operating revenues for the nine months period ended March 31, 2022. For this
period, we had Logistic and Dispatcher Service Expenses $512,480 and our
expenses for used appliances were $403,650.
Also, for this period, we had $14,537 general and administration expense, $7,506
we paid to OTCQB market and parking, $2,500 for rental equipment. Our net loss
from operations was $42,593.
Our cash balances were not sufficient to fund our limited levels of operations
for any period of time without further revenue or proceeds. In order to
implement our business plan of operations in the next twelve months we need to
find additional source of business income. During start up period, our
operations will be limited due to the limited amount of funds on hand. At the
present time, we are working to raise additional cash, and generate more
revenue. If we unable to raise additional cash, we will either have to suspend
operations until we do raise the cash, or cease operations entirely.
12
Off Balance Sheet Arrangements
None
© Edgar Online, source Glimpses