UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 20192022

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________ to _________

Commission File Number:333-227194

United Express Inc.

(Exact name of Registrant as specified in its charter)

4345 w. Post Rd, Las Vegas, Nevada89118

(Address of principal executive offices) Zip Code

949-350-0123949-350-0123

(Registrant’s telephone number)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒  No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☒  No ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐  No ☒

As of March 31, 2019,2022, there were 15,582,00015,592,000 shares of our common stock authorized for issue and outstanding.

TABLE OF CONTENTS

UNITED EXPRESS, INC.

BALANCE SHEET

MARCH 31, 2022 AND JUNE 30, 2021

The accompanying notes are an integral part of these consolidated financial statements. statements

UNITED EXPRESS, INC.

STATEMENTS OF OPERATIONS (UNAUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2022 AND MARCH 31, 2021

AND FOR THE NINE MONTHS ENDED MARCH 31, 2022 AND MARCH 31, 2021

The accompanying notes are an integral part of these consolidated financial statements.statements

UNITED EXPRESS INC.

STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2022

The accompanying notes are an integral part of these consolidated financial statements.

statements

UNITED EXPRESS INC.

STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2021

NOTE 1 — Description of Business

United Express, Inc. (the “Company”) was incorporated under the laws of the State of Nevada in June 23, 2017. The company was developed to provide 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.

After receiving the dispatcher license we are going to provide dispatch service to improve the efficiency of the clients’ supply chain management and delivery operations. As oil prices are currently remains stable we can mostly predict our expenses in logistics industry. These services are now heavily in demand among product distributors and retailers.

We continue working with Royal Realty Enterprise to purchase from them used home appliances (refrigerators, washing machine, stove, dishwashers, microwaves and sell them to companies who provide the final installation.

We have received $21,384$899,249 operating revenues for the nine months period ended March 31,201931,2022 and 95,128645,940 for the nine months period ended March 31,2018.31,2021. Recorded revenues were generated from customers’ payments.dispatch service, logistics service and service to sell used appliances. The Company is currently devoting substantially all of its present efforts to securing and establishing the transportation business.

NOTE 2 — Significant Accounting Policies and Recent Accounting Pronouncements

Basis of Presentation

The Company uses the accrual basis of accounting and accounting principles. The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Financial Statements and related disclosures as of March 31,201931,2022 (Unaudited) and June 30, 2018 are audited pursuant to the rules and regulations of the United States Securities and Exchange Commission (`SEC"). The Company has adopted June 30 fiscal year end.

Use of Estimates and Assumptions 

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.

Fair Value of Financial Instruments

ASC 825, 'Disclosures about Fair Value of Financial Instruments, requires disclosure of fair value information about financial instruments. ASC 820, “Fair Value Measurements" defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2019.

2022.

UNITED EXPRESS, INC.

NOTES TO FINANCIAL STATEMENTS

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2022 AND

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2021

NOTE 2 —Significant Accounting Policies and Recent Accounting Pronouncements - continued

The respective carrying values of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, accrued liabilities and notes payable. Fair values were assumed to approximate carrying values for these financial instruments since they are short term in nature and their carrying amounts approximate fair value.

Basic and Diluted Loss Per Share

The Company computes earnings (loss) per share in accordance with ASC 260-10-45 'Earnings per Share, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive earnings (loss) per share excludes al potential common shares if their effect is anti-dilutive. The Company has no potential dilutive instruments, and therefore, basic and diluted earnings (loss) per share are equal.

Revenue Recognition

We base our judgment on new guidance ASC 606.

The Company considered recognizes its revenue on the accrual basis, which considers revenue to be earned when the services have been performed. We considered gross revenue as a principal. Our revenue includes payments from the costumers for the logistic business.

We Estimating Gross Revenue as a Principal. We evaluate the nature of our promises under the contracts and use judgment to determine whether the contracts include services, which we would need to evaluate for a material right or a performance obligation with quantity of services to be delivered.

ASU 2016-08, Principal versus Agent Considerations (Reporting Revenue Gross versus Net) amends revenue recognition guidance within ASC 606 for these types of transactions. To determine the nature of its promise to the customer, the entity should:

We consider the gross revenue is a principal because we identify and control the delivery service before this service is transferred to a customer. If company does not control the service before it is transferred to the customer, the entity is an agent in the transaction.

It is not always clear whether we obtain control of the specified service, therefore we provided the flowing indicators of control that we used to make this determination:

UNITED EXPRESS, INC.

NOTES TO FINANCIAL STATEMENTS

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2022 AND

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2021

NOTE 2 —Significant Accounting Policies and Recent Accounting Pronouncements - continued

Recent Accounting Pronouncements

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company's results of operations, financial position or cash flow.

NOTE 3 — Property and Equipment

Property and equipment consist of:

Property and equipment are stated at cost. The Company utilizes MERCEDES CARGO VAN — 5 years for automobile depreciation over the estimated useful lives of the assets.

NOTE 4 — Concentration of Credit Risk

The Company maintains cash balances at a Bank of America financial institution. The balance, at any given time, may exceed Federal Deposit Insurance Corporation FDIC insurance limits of $250,000$250,000 per institution. The Company's cash balances at March 31, 20192022 were within FDIC insured limits.

NOTE 5 — Concentrations

We have a small group of customers from whom we received the income butand in the present time we can'tcan diversify in order to mitigate the risks.

UNITED EXPRESS, INC.

NOTES TO FINANCIAL STATEMENTS

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2022 AND

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2021

NOTE 6 — Debt

In a present time, we have not any debt.

Andrei Stoukan, an officer of the Company, has from time to time loaned the Company funds for the operational costs. The amount, $72 was returned to him in a reporting period.

NOTE 7 —Capital—Capital Stock

OnAs on March 31, 20192022 the Company authorized 75,000,000 shares of common shares with a par value of $0.001$0.001 per share.

For the nine months period ended March 31, 20192022 we have nochanges in our common stock. February 18, 2022, we issue 10,000 common stock to Steve Nazemnikov in consideration of $25,000 in cash.

As of March 31,2022, there were 15,592,000 total common shares issued any new ofand outstanding. 14,001,000 held by Arithmetic LLC, and 1,591,000 common shares.shares held by 54 non-affiliated shareholders.

For the nine months period ended March 31, 2018, we have issued 15,582,000 of common shares: 14,001,000 shares were purchased by officer Andrei Stoukan.

1,581,000 shares were purchased by non-affiliate investors.

As of March 31, 2019,2022, and March 31, 2018,2021, there were no0 outstanding stock options or warrants.

 NOTE 8 — Income Taxes

We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, 'Income Taxes.’ Under this method, income tax expense is recognized for the amount of (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized.

ASC Subtopic 740.10. 30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Subtopic 740.10 provides guidance on recognition and measuring tax positions taken or expected to be taken in a tax return that directly or indirectly affect amounts reported in financial statements.

We have no material uncertainhad a tax positionsobligation $174 for any of the reporting periods presented.quarter ended December 31, 2021 and paid it during 3d quarter.

NOTE 9 — Related Party Transactions

We have not0 a related party transaction for the nine months period ended March 31, 2019.2022.

ForAlso, we have not 0 a related party transaction for the nine months period ended March 31, 2018, the company paid to Mr. Stoukan $14,086 for office rental, storage rent and repairs expense.

2021.

UNITED EXPRESS, INC.

NOTES TO FINANCIAL STATEMENTS

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2022 AND

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2021

NOTE 10 — Going Concern

The accompanying financial statements and notes have been prepared assuming that the Company will continue as a going concern.

For the nine months period ended March 31, 2019,31,2022, the Company had a cash balanceStockholders’ Equity of $3,296$32,956 and net profit $1,867loss $42,593 from operations. For the nine months period ended March 31, 2018,2021, the Company had a cash balanceStockholders’ Equity of $4,017$36,540 and net loss $25,794 from operations.profit $13,814.

The transition from loss to profit isThese factors show a positive development dynamic, however it still raises substantialconstant activity and has no doubt about the Company's ability to continue as a going concern. Management believes that the Company's capital requirements will depend on many factors including the success of our development efforts and our efforts to raise capital. Management also believes the Company needs to raise additional capital for working purposes. There is no assurance that such financing will be available in the future. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

NOTE 11 — Subsequent Events

In accordance with ASC 855 the Company's management reviewed all material events through March 31, 20192022 the date these financial statements were available to be issued, and there are no material subsequent events.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion and analysis should be read in conjunction with the balance sheet as of June 30,201830,2021 and March 31,201931,2022 and the financial statements for the nine months period ended March 31, 20192022 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 an 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 athe company with limitedgrowing revenue generating options. We are currently focused on expanding our network of new customers, drivers, shipping companiesprovide dispatch service, logistics and independent transportation providersselling 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 an Emerging growth company with smallgrowing revenue generating operations. We were formed on June 23, 2017

and around twohave over three 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. As such, it is difficult to determine the average customer of the Company as the business will have the licensure and the ability to effectively arrange for the transportation any type of merchandise. 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 2018,this quarter, the price of oil and its associated refined energy products has been within a reasonable, steady range. Lack of major volatileincreased. Volatility in oil prices has caused the freight and logistic industries costs to be on a straight levelgets up during last 93 months. In the event of an increase in theTo compensate price of fuel, we will also reasonably increase prices (at a standardized rate of markup) to ensure the profitability of the business. The Company hires drivers from any state

Our other activities are providing dispatch services for the other companies. We working with CDL or class “B” driver licenseCVK Express and at least one year of experience.doing

dispatch service for them.

For the 93 months ended March 31, 20192022 our business activities have focused mostly on the development of our business plan, locating producers of goods, despatchers, van repairs, researching for new customers, drivers, storages,logistics, van supplies, development of optimal traffic routes.routes, used appliances service

We currently have several customers whoAlso, in this quarter we working with us, which we have become dependent. We work with US Concierge Service LLC; Atlas Logistics; Sprinter ExpressRoyal Realty Enterprise Inc. to purchase from them used home appliances and some others.

sell it to appliance companies for further installation.

We have business partnership agreement with SprinterAs 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 31,2022 was $255,827.

We planning continue work with retail stores and agreementprivate people when they ask about dispatchingtransportation service with Vladyslav Khorenko, a private person.up in coming move, 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 31,2019,31, 2022, we

Our revenue for the 9 months 2019 was $21,384.

We generated $1,100 from US Concierge Service LLC; $6,364 from Atlas Logistics; $4,700 from Sprinter Express; $3,150 from AntechAppliancesand rest from other customers. As a result, our revenues are concentrated in a few customers. Shouldseveral customers and if should one or more of them decrease their orders or cease to use our services, or if we are unable to expendexpand our customer base, our revenues and results of operations will be negatively impacted. 

Our revenue for the 3 months ended March 31, 2022 was $255,827. Our revenue for the 3 months ended March 31, 2021 was $149,470.

Liquidity

On March 31, 2019,2022, we had $3,296$16,957 in cash for our operations and $20,000 in capital.$32,957 total assets. For the period ended March 31,201831,2021 we had $4,017$16,540 in cash for our operations.

operations and $36,540 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 have the fixed assets on our balance Mercedes Sprinter as of March 31, 2019.2022. Total stockholders' equity $23,296

$32,956.

Results of Operations for the threenine months period ended March 31, 20192022 and for the threenine months period ended March 31, 20182021

As an emerging growth company, we have received $7,825$899,249 operating revenues for the threenine months period ended March 31,201931, 2022 and 47,471645,940 for the threenine months period ended March 31,2018.31,2021. Recorded revenues were generated from customers’ payments. The Company is currently devoting substantially all of its present efforts to securingcustomer network and establishing the transportation business.   For the three months period ended March 31, 2019 we generated revenue $7,825. Our cash balance was $3,296. For this period, we had $5,562 company expenses consist of $1,072 general and administration expense, $890 office rental, storage rent and repairs expense, $3,600 logistic and dispatcher service. Our income from operations was $2,263.   For the three months period ended March 31, 2018 we generated revenue $47,471. Our cash balance was $4,017 Our expenses for this period was $58,540 and consist of $3,220 general and administration expense, $ 8,365 office rental, storage rent and repairs expense, $46,955 logistic and dispatcher service. Our loss from operations was $11,068.   Results of Operations for the nine months period ended March 31, 2019 and for the nine months period ended March 31, 2018   For the nine months period ended March 31, 2019 we2022 our revenue was generated $21,384 in revenues andfrom our customers for the logistics, dispatch service, also from selling home appliances. Our cash balance was $3,296.$16,957.   For this period, we had $19,517 companyLogistic and Dispatcher Service Expenses $512,480 and our expenses consist offor used appliances were $403,650. Also, for this period, we had $14,537 general and administration expense, $6,044, logistic$7,506 we paid to OTCQB market and dispatcher service $12,583, officeparking, $2,500 for rental storage rent and repairs expense $890.equipment. Our incomenet loss from operations was $1,867.$ 42,593 in compare with our net income $13,814 in similar period year ago.   For the nine months period ended March 31, 2018 we2021 our revenue was generated $95,128 in revenuesfrom our customers for the logistics and ourdispatch service. Our cash balance was $4,017.$16,540. For the nine monthsthis period, ended March 31, 2018 we had $120,922 companyLogistic and Dispatcher Service Expenses $366,423 and our expenses consist offor used appliances were $235,800. Also, for this period, we had $23,403 general and administration expense, $6,417, office rental, storage rent and repairs expense $13,014, logistic and dispatcher service $101,491.$6,500 we paid to OTCQB market. Our lossnet income from operations was $25,794$ 13,814.   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 raise $881,000 based on the information in our S1 form page 7, where we provided breakdown of our estimated expenses. 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, buy additional cargo vans 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.  

Off Balance Sheet Arrangements

None

None

Item 3. Quantitative and Qualitative Disclosures about Market Risk

Not applicable. We have no investments in market risk sensitive instruments or in any other type of securities.

Item 4. Controls and Procedures

As of the end of the period covered by this Report, our President and Chief Executive Officer, Andrei Stoukan, is responsible for managing us, including compliance with SEC reporting obligations, and maintaining disclosure controls and procedures and internal control over financial reporting. These public reporting requirements and controls are new for our management and will require us to obtain outside assistance from legal, accounting or other professionals that will increase our costs of doing business. Should we fail to comply with SEC reporting and internal controls and procedures and to otherwise comply with other securities law provisions, our costs will increase and negatively affect our results of operations, cash flow and financial condition. Should we fail to comply with SEC reporting and internal controls and procedures, we may be subject to securities laws violations that may result in additional compliance costs or costs associated with SEC judgments or fines, both of which will increase our costs and negatively affect our potential profitability and our ability to conduct our business.

Changes in Internal Control Over Financial Reporting

ThereWe have been no changes in the internal controls over financial reporting during the quarter ended March 31, 2019, that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting subsequent to the date of management’s last evaluation.

2022.

PART II

OTHER INFORMATION

Item 1. Legal Proceedings

The Company is not currently a party to any material legal proceedings, nor is we aware of any other pending or threatened litigation that would have a material adverse effect on our business, operating results, cash flows or financial condition should such litigation be resolved unfavorable.

Item 1A. Risk Factors

We are not required to include risk factors in this 10Q10-Q report.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

We did nothave sell 10,000 unregistered securities during the quarter ended March 31,201931, 2022 for total $25,000 and use it for development company ..

Purchases of equity securities by the issuer and affiliated purchasers

During the quarter ended March 31,2019,31,2022, there were no purchases of equity securities by us or affiliated purchasers.

Use of Proceeds

None

None

Item 3. Defaults Upon Senior Securities

We have no senior securities outstanding.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information.

None.

Item 6. Exhibits

SIGNATURES

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 thereunto duly authorized.