−Removed: (formerly U-Vend Inc.) (the “Company”) most recently has developed, marketed and distributed various self-serve
−Removed: electronic kiosks and mall/airport co-branded islands throughout North America.
−Removed: The Company had placed its kiosks in high-traffic host
−Removed: locations such as big box stores, restaurants, malls, airports, casinos, universities, and colleges.
−Removed: Currently, the Company is exploring
−Removed: opportunities to best utilize the equipment remaining after a sale of assets noted below.
−Removed: to the recent closures and lockdowns, the Company has worked with its creditors to return the underutilized equipment and save the Company
−Removed: substantial costs in current and future expenditures.
−Removed: This is allowing the Company to focus on continuing their long lasting relationships
−Removed: with their partners and also to free up capital to explore new business opportunities and ventures.
−Removed: February 26, 2018, the Company filed a Certificate of Amendment of the Certificate of Incorporation.
−Removed: The Certificate of Amendment changed
−Removed: its name to BoxScore Brands, Inc.
−Removed: from U-Vend Inc., to better reflect the nature of the Company’s then current business operations,
−Removed: which has expanded to include relationships with major sports organizations dispensing ice cream products through vending machines.
−Removed: March 18, 2019, the Company approved an asset sale of the assets related to the legacy MiniMelts brand for $350,000 in cash, which was
−Removed: approved by a majority of its shareholders.
−Removed: These MiniMelts assets generated 100% of the revenue reported during the year ended December
−Removed: During the year ended December 31, 2018, MiniMelts sales accounted for approximately $1,100,000, or 85%, of the revenue reported
−Removed: during that period.
−Removed: Part of the proceeds from the sale was used to retire certain lease obligations as well as for general operating
−Removed: Company is evaluating opportunities and expects to leverage its remaining vending assets to pursue new revenue streams and test concepts
−Removed: for new offerings at retail.
−Removed: Also, the Board of Directors had agreed to begin to explore the development of certain products in the cannabis
−Removed: industry with a focus on non-THC Cannabinoids in frozen desserts as well as other complementary CBD product offerings though vending
−Removed: as well as online sales and direct to retail, under a new brand.
−Removed: Current market conditions and a global pandemic has negatively affected
−Removed: management’s original go-to-market strategy and has forced the company to reevaluate all market opportunities.
−Removed: Company distributed novelty ice cream products, MLB Ice Cream and Nightfood frozen desserts, through a network of automated retail vending
−Removed: kiosks and reach in freezers.
−Removed: On April 25, 2019 the Company signed a distribution agreement with Pellequr, LLC for the distribution and
−Removed: marketing of CBD salves, tinctures, bath products and vape pens.
−Removed: main distribution partner for our CBD products, Neiman Marcus, filed for bankruptcy and no longer carries our products.
−Removed: Operational Matters
−Removed: Company’s marketing activities are conducted through sales representatives.
−Removed: Raw materials used in the Company’s operations
−Removed: are widely available but are purchased from a limited number of sources to obtain favorable prices and terms.
−Removed: Refocusing our resources
−Removed: will allow the Company to broaden our relationships and operate in a more cost-effective fashion.
−Removed: As of May 10, 2021, the Company had one full-time employee.
−Removed: its employees or consultants are covered by a collective bargaining agreement.
−Removed: Company maintains one active website, www.boxscore.com, which serves as its corporate website and contains information about the Company
−Removed: and its business.
−Removed: Information and Incorporation
−Removed: was incorporated in March 2007 as a Delaware corporation and we refer to the company as “we”, “us”,
−Removed: the “Company”, “BoxScore Brands”
+Added: ITEM 1 - BUSINESS
+Added: BoxScore Brands, Inc.
+Added: (formerly U-Vend Inc.) (the
+Added: “Company”) formerly developed, marketed and distributed various self-serve electronic kiosks and mall/airport co-branded islands
+Added: throughout North America.
+Added: Due to the nationwide shutdown related to the COVID-19 pandemic, the Company spent a portion of 2020 restructuring
+Added: and retiring certain corporate debt and obligations.
+Added: The Company focused on implementing a new operational direction.
+Added: After a thorough
+Added: evaluation process, the Company found that there is a substantial long-term demand for specific commodities relating to battery and new
+Added: energy technologies.
+Added: This presents a timely and unique opportunity based on rising demand characteristics.
+Added: By capitalizing on market
+Added: trends and current sustainable energy government mandates and environmental, social, and corporate governance (ESG) initiatives, we will
+Added: focus on bringing a vertically-integrated solution to market.
+Added: On March 18, 2019, the Company approved an asset
+Added: sale of the assets related to the legacy MiniMelts brand for $350,000 in cash, which was approved by a majority of its shareholders.
+Added: MiniMelts assets generated 100% of the revenue reported during the year ended December 31, 2019.
+Added: Part of the proceeds from the sale was
+Added: used to retire certain lease obligations as well as for general operating purposes.
+Added: As of September 24, 2021, the Company had one
+Added: full-time employee and a part time employee.
+Added: The Company maintains one active website, www.boxscore.com,
+Added: which serves as its corporate website and contains information about the Company and its business.
+Added: Corporate Information and Incorporation
+Added: BoxScore Brands, Inc.
+Added: was incorporated in March
+Added: 2007 as a Delaware corporation and we refer to the company as “we”, “us”, the “Company”, “BoxScore
+Added: Brands”
or “BoxScore”
in this annual report.
−Removed: In February 2018, we filed
−Removed: an amendment to our certificate of incorporation to change our corporate name from U-Vend Inc.
+Added: In February 2018, we filed an amendment to our certificate of incorporation
+Added: to change our corporate name from U-Vend Inc.
to BoxScore Brands, Inc.
−Removed: to better reflect
−Removed: the nature of our current business operations.
+Added: to better reflect the nature of our current business operations.
We are headquartered in Las Vegas, NV.
−Removed: Our corporate office was located at 3675 1759 Clear
−Removed: River Ln, Henderson, NV 89012 and our telephone number is (855) 558-8363.
+Added: Our corporate office is located at 3275 South Jones Blvd, Suite 104, Las Vegas, NV 98146 and our
+Added: telephone number is (800) 998-7962.
Our corporate website address is www.boxscore.com.
−Removed: contained on our websites is not a part of this annual report.
−Removed: the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the Company files annual, quarterly and current reports
−Removed: with the SEC.
−Removed: You may read and copy any document we file with the SEC at the SEC’s public reference room at 100 F Street, N.E.,
−Removed: Washington, D.C.
−Removed: Please call the SEC at 1-800-SEC-0330 for further information about the public reference room.
−Removed: The SEC maintains
−Removed: a website at http://www.sec.gov that contains reports and other information regarding issuers that file electronically with the SEC.
−Removed: The Company files electronically with the SEC.
−Removed: The SEC makes available, free of charge, through the SEC Internet website, the Company’s
−Removed: filings on Forms 10-K, 10-Q and 8-K, and amendments to those reports, as soon as they are filed with the SEC.
+Added: Information contained on our websites is not a
+Added: part of this annual report.
+Added: Available Information
+Added: Under the Securities Exchange Act of 1934, as
+Added: amended (the “Exchange Act”), the Company files annual, quarterly and current reports with the SEC.
+Added: You may read and copy
+Added: any document we file with the SEC at the SEC’s public reference room at 100 F Street, N.E., Washington, D.C.
+Added: the SEC at 1-800-SEC-0330 for further information about the public reference room.
+Added: The SEC maintains a website at http://www.sec.gov that
+Added: contains reports and other information regarding issuers that file electronically with the SEC.
+Added: The Company files electronically with
+Added: The SEC makes available, free of charge, through the SEC Internet website, the Company’s filings on Forms 10-K, 10-Q and
+Added: 8-K, and amendments to those reports, as soon as they are filed with the SEC.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.