Oz Vision Inc 8-K, filed May 22, 2024
Oz Vision Inc. (OZVN)
About this 8-K
Oz Vision Inc filed this 8-K on May 22, 2024, reporting on events of May 21, 2024.
Items reported
- Item 4.02: Earlier financial statements no longer reliable
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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 a Form 10-Q for the interim period ended December 31, 2023, we identified certain errors that have a material impact on our previously issued financial information contained in the Form 10-Q for the period ended December 31, 2023, initially filed with the Securities and Exchange Commission in February 12, 2024.
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 Report on Form 10-Q for the period ended December 31, 2023, in order to accurately disclose the impact on the quarterly period.
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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:
May 22, 2024 |
By: /s/ Ralph White |
| Ralph White | |
| Director |
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