Based on the provided financial report articles, the title for the article is: "UNITED EXPRESS INC. (10-Q) Quarterly Report for the period ended March 31, 2025

Press release · 05/10 05:00
Based on the provided financial report articles, the title for the article is: "UNITED EXPRESS INC. (10-Q) Quarterly Report for the period ended March 31, 2025

Based on the provided financial report articles, the title for the article is: "UNITED EXPRESS INC. (10-Q) Quarterly Report for the period ended March 31, 2025

United Express Inc. (the “Company”) filed its Quarterly Report on Form 10-Q for the period ended March 31, 2025. The report highlights the Company’s financial performance, including a net loss of $[amount] for the quarter, compared to a net loss of $[amount] for the same period last year. The Company’s revenue decreased by [percentage] to $[amount], primarily due to a decline in [specific revenue stream]. The Company’s cash and cash equivalents decreased by [amount] to $[amount] as of March 31, 2025. The Company’s total assets decreased by [amount] to $[amount] as of March 31, 2025, while its total liabilities increased by [amount] to $[amount] as of March 31, 2025. The Company’s management’s discussion and analysis (MD&A) provides a detailed review of the Company’s financial performance, including its results of operations, financial condition, and cash flows.

Acquisition of Fighting Leagues

The company has acquired the assets of Fighting Leagues, including the promotor’s license, past media rights, and production and staging equipment. This acquisition will allow the company to assess the viability of promoting combat sports events in the State of Nevada. While the acquired assets provide the necessary infrastructure and licenses to hold such events, the company continues to evaluate the profitability and the significant planning and capital required to organize these events. The company currently lacks the financial resources to plan and host these events, as any potential earnings may not be realized for up to 6-9 months.

Cash Requirements, Liquidity and Capital Resources

As of March 31, 2025, the company had $2,000 in cash on hand, compared to $37,548 on March 31, 2024. The current cash position is likely insufficient to meet the company’s working capital and capital expenditure needs unless it generates substantial additional revenue or secures additional debt or equity financing. The company does not have any commitments for additional capital, and there is no assurance that it will be able to obtain the necessary capital on acceptable terms or at all.

Results of Operations for the nine months ended March 31, 2025 and for the nine months ended March 31, 2024

For the nine months ended March 31, 2025, the company recorded revenue of $64,232, primarily from logistics services. In comparison, for the nine months ended March 31, 2024, the company recorded revenue of $210,450, also primarily from logistics services.

Off Balance Sheet Arrangements

The company has no off-balance sheet arrangements.