UCLE 最新10-K变化

相对上期新增的文字 · 来源:10-K · 2026-06-23

• On November 4, 2024, the FASB issued an ASU No. 2024-03, Disaggregation of Income Statement Expenses (“ASU 2024 03”) to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses in commonly presente…

• In January 2025, the FASB issued ASU 2025-01 Income Statement-Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40). The FASB issued ASU 2024-03 on November 4, 2024-03 states that the amendments are effective for public business entities for annual reporting periods b…

• In July 2025, the FASB issued ASU No. 2025-05, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which is intended to simplify how companies measure credit losses on short-term accounts receivable and contract assets. The amend…

相对上期新增的文字 · 来源:10-K · 2026-06-23

• For the year ended December 31, 2025, compared to the year ended December 31, 2024

• Our gross margin for the year ended December 31, 2025, was 50.27% as compared to 46.37% for the year ended December 31, 2024. The increase in gross margin is due to the mix of products sold during the period and their respective costs.

• Selling and general and administrative expenses for the year ended December 31, 2025, decreased by $521,041 or 20.4% to $2,029,741; down from $2,550,782 for the year ended December 31, 2024. The decrease is largely attributed to a reduction in payroll expenses, professional fees, finance costs, and …

• Other expense for the year ended December 31, 2025, was $299,612, an increase of $94,839 from $204,773 for 2024. Other expense in 2025 included a loss of $589,177 on the write-down of inventory at the Optron facility and interest and dividend expenses, offset by proceeds of $475,000 received from MI…

• Our operations have historically been financed by our majority stockholder. As funds were needed for working capital purposes, our majority stockholder would loan us the needed funds. During the year ended December 31, 2025, the Company’s majority shareholder loaned $79,019 to the Company and was re…

相对上期删除的文字 · 来源:10-K · 2025-06-25

• On March 3, 2023, the Company divested itself of its wholly owned subsidiary, Cali From Above, through a Membership Interest Purchase Agreement with the Company’s President and Chief Executive Officer, Robert Goldstein. Consideration received by the Company was 65,000,000 shares of Averox, Inc. (OTC…

• For the year ended December 31, 2024, compared to the year ended December 31, 2023

• Revenue for the year ended December 31, 2024, was $2,190,398 compared to $2,231,095 for the year ended December 31, 2023. The decrease of $40,697 or 1.8% is considered by management to be indicative of slowed growth due to political and economic uncertainties. The revenue breakdown for the year ende…

• Our gross margin for the year ended December 31, 2024, was 46.37% as compared to 41.43% for the year ended December 31, 2023. The increase in gross margin is due to the mix of products sold during the period and their respective costs.

• Selling and general and administrative expenses for the year ended December 31, 2024, decreased by $15,168 or 0.6% to $2,550,782; down from $2,565,950 for the year ended December 31, 2023. The decrease is largely attributed to a reduction in payroll benefits.