BTOC — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-09-28

• On May 8, 2026, our common stock was transferred from the Nasdaq Global Market to the Nasdaq Capital Market, where it continues to trade under the same “BTOC” symbol.

Text removed vs the prior filing · source: 10-K · 2025-09-25

• Enhance Our Customers’ Supply Chain Efficiency by Expanding the Breadth and Depth of Our Solutions and Services

• In order to provide our customers with even greater value, we endeavor to continually expand our solutions and services. We launched our international ocean freight services in January 2023 and are actively expanding and refining these offerings, which have enabled us to further improve supply chain…

Text added vs the prior filing · source: 10-K · 2026-09-28

• U.S. government trade actions, including ongoing tariff escalations, trade negotiations with China, and new tariff measures targeting forced labor concerns, could have a material adverse effect on our business, financial position, and results of operations.

• Over the past several years, the U.S. government has taken a number of trade actions that impact or could impact our operations, including imposing tariffs on certain goods imported into the U.S. As the majority of our customers import products into the U.S. from China, many of their products are su…

• Changes in U.S. trade policy have created ongoing uncertainties in international trade relations, and it is unclear what future actions governments will or will not take with respect to tariffs or other international trade agreements and policies. In May 2025, a 90-day temporary easing of tariffs wa…

• Ongoing or new trade wars or other governmental action related to tariffs or international trade agreements or policies could reduce demand for our customers’ products and services, increase their costs, reduce their profitability, adversely impact their supply chain or otherwise have a material adv…

• The ongoing conflict in the Middle East, including hostilities involving Israel, Hamas, Hezbollah, the Houthis, and Iran, as well as the broader risk of regional escalation, may adversely affect our business, financial condition, and results of operations.

Text removed vs the prior filing · source: 10-K · 2025-09-25

• U.S. government trade actions could have a material adverse effect on our business, financial position, and results of operations.

• Over the past several years, the U.S. government has taken a number of trade actions that impact or could impact our operations, including imposing tariffs on certain goods imported into the U.S. As the majority of our customers import products into the U.S. from China, many of their products are su…

• Changes in U.S. trade policy have created ongoing uncertainties in international trade relations, and it is unclear what future actions governments will or will not take with respect to tariffs or other international trade agreements and policies. During the 2024 presidential campaign, candidate Don…

• It is unclear what actions the Trump administration or Congress will take next with respect to these proposals. Ongoing or new trade wars or other governmental action related to tariffs or international trade agreements or policies could reduce demand for our customers’ products and services, increa…

• In addition, our business may be negatively impacted by the fear of, exposure to, or actual effects of, a disease outbreak, epidemic, pandemic, or similar widespread public health concern, including travel restrictions or recommendations or mandates from governmental authorities as a result of COVID…

Text added vs the prior filing · source: 10-K · 2026-09-28

• The following table sets forth our revenue for the fiscal years ended June 30, 2026 and 2025:

• 1) Revenue from our transportation services decreased by $18.4 million, or 14.5%, due to a decreased proportion of traditional customer order volume. Aggressive market expansion by e-commerce platforms has incentivized sellers to ship orders through those platforms rather than directly to consumers.…

• 2) Revenue from our warehousing services increased by $13.9 million, or 21.9%, for the fiscal year ended June 30, 2026, compared with the fiscal year ended June 30, 2025. During this period, warehouse operations were significantly expanded in Texas and Illinois, market segments that had been newly e…

• The following table sets forth a breakdown of our cost of service for the fiscal years ended June 30, 2026 and 2025:

• i. Between the fiscal years ended June 30, 2025 and June 30, 2026, the Company expanded its operations through the addition of a warehouse unit in Texas and an extension of a sublease at a location in California. A portion of underutilized warehouse capacity was reallocated to general and administra…

Text removed vs the prior filing · source: 10-K · 2025-09-25

• Weighted average number of shares of common stock-diluted 41,808,909 40,216,109

• The following table sets forth our revenue for the fiscal years ended June 30, 2025 and 2024:

• 1)Revenue from our transportation services increased by $11.7 million, or 10.1%, due to due to the addition of new warehouse locations, which resulted in an increase in shipment volume in the fiscal year ended June 30, 2025 compared to the fiscal year ended June 30, 2024.

• 2)Revenue from our warehousing services increased by $11.8 million, or 22.9% in the fiscal year ended June 30 2025, compared to the fiscal year ended June 30, 2024. As an integrated part of our one-stop warehousing and logistics services, revenue increase from our warehousing services was driven by …

• 3)Revenue from other services decreased by $0.04 million, or 27.3% in the fiscal year ended June 30 2025, compared to the fiscal year ended June 30, 2024. Other revenue mainly consisted of revenue from our customs brokerage services.