Item 1. Business
ITEM 1 - BUSINESS
Overview
BoxScore Brands, Inc. (formerly U-Vend Inc.) (the
“Company”) formerly developed, marketed and distributed various self-serve electronic kiosks and mall/airport co-branded islands
throughout North America. Due to the nationwide shutdown related to the COVID-19 pandemic, the Company spent a portion of 2020 restructuring
and retiring certain corporate debt and obligations. The Company focused on implementing a new operational direction. After a thorough
evaluation process, the Company found that there is a substantial long-term demand for specific commodities relating to battery and new
energy technologies. This presents a timely and unique opportunity based on rising demand characteristics. By capitalizing on market
trends and current sustainable energy government mandates and environmental, social, and corporate governance (ESG) initiatives, we will
focus on bringing a vertically-integrated solution to market.
Asset Sale
On 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 approved by a majority of its shareholders. These
MiniMelts assets generated 100% of the revenue reported during the year ended December 31, 2019. Part of the proceeds from the sale was
used to retire certain lease obligations as well as for general operating purposes.
Employees
As of September 24, 2021, the Company had one
full-time employee and a part time employee.
Websites
The Company maintains one active website, www.boxscore.com,
which serves as its corporate website and contains information about the Company and its business.
Corporate Information and Incorporation
BoxScore Brands, Inc. was incorporated in March
2007 as a Delaware corporation and we refer to the company as “we”, “us”, the “Company”, “BoxScore
Brands” or “BoxScore” in this annual report. In February 2018, we filed an amendment to our certificate of incorporation
to change our corporate name from U-Vend Inc. to BoxScore Brands, Inc. to better reflect the nature of our current business operations.
We are headquartered in Las Vegas, NV. Our corporate office is located at 3275 South Jones Blvd, Suite 104, Las Vegas, NV 98146 and our
telephone number is (800) 998-7962. Our corporate website address is www.boxscore.com. Information contained on our websites is not a
part of this annual report.
1
Available Information
Under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), the Company files annual, quarterly and current reports with the SEC. 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., Washington, D.C. 20549. Please call
the SEC at 1-800-SEC-0330 for further information about the public reference room. The SEC maintains a website at http://www.sec.gov that
contains reports and other information regarding issuers that file electronically with the SEC. The Company files electronically with
the SEC. The SEC makes available, free of charge, through the SEC Internet website, the Company’s filings on Forms 10-K, 10-Q and
8-K, and amendments to those reports, as soon as they are filed with the SEC.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.