Sign in

CTNT on Nasdaq

CHEETAH NET SUPPLY CHAIN SERVICE INC.

American wholesale-motor vehicles and motor vehicle parts and supplies company1

In its 2026 annual report the company says: “We are a provider of logistics and warehousing services, historically in connection with the sale of parallel-import vehicles sourced in the U.S. to be sold in the PRC market, and more recently for the transportation of other goods between the U.S. and the PRC.”4 It is headquartered in Irvine, California.1 Its shares trade on Nasdaq under the symbol CTNT.1

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with INNEOVA Holdings Ltd or LKQ Corporation, or pick any stock.

  • TickerCTNT on Nasdaq1
  • IndustryWholesale-Motor Vehicles & Motor Vehicle Parts & Supplies1
  • HeadquartersIrvine, California1
  • Incorporated inDE2
  • Business address8707 Research Drive, Irvine, Ca 926182
  • Filer category, Emerging growth company2

See how the biggest companies compare on our leaderboards

We are a provider of logistics and warehousing services, historically in connection with the sale of parallel-import vehicles sourced in the U.S. to be sold in the PRC market, and more recently for the transportation of other goods between the U.S. and the PRC. Parallel-import vehicles in the PRC refer to automobiles purchased directly from overseas markets and imported for sale outside of the brand manufacturers’ official distribution networks.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

12.9%Gross margin5
-355.4%Operating margin5
-283.2%Net margin5
182.7%Revenue growth, 20255
-39.0%Return on equity5
0.06×Debt to equity5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States brought in 94% of the revenue CHEETAH NET SUPPLY CHAIN SERVICE INC. broke down this way in fiscal 2025.

  1. United States$1.2M594%up 276% from 2024
  2. Outside the United States$73.5K56%down 45% from 2024
Regions by year
Regions20242025
United States$323.3K$1.2M
Outside the United States$132.5K$73.5K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue87¢$1.1M
  • Other costs12¢$150.9K
  • Income tax1¢$15.9K

Out of $1.3M in revenue.5 The company lost money this year.

Financial statements

Revenue65$1.3M in 2025−98% since 2022
0$20.0M$40.0M$60.0M2022: $55.2M$55.2M20222023: $38.3M$38.3M2023−31%2024: $455.8K$455.8K2024−99%2025: $1.3M$1.3M2025+183%
Gross profit65$166.8K in 2025−96% since 2022
0$2.0M$4.0M$6.0M2022: $4.5M$4.5M20222023: $4.2M$4.2M2023−5%2024: $178.5K$178.5K2024−96%2025: $166.8K$166.8K2025−7%
Operating income675-$4.6M in 2025
-$6.0M-$4.0M-$2.0M0$2.0M$4.0M2022: $2.1M$2.1M20222023: -$2.2M-$2.2M20232024: -$3.7M-$3.7M2024+71%2025: -$4.6M-$4.6M2025+22%
Net income675-$3.6M in 2025
-$6.0M-$4.0M-$2.0M0$2.0M2022: $817.0K$817.0K20222023: $133.9K$133.9K2023−84%2024: -$5.2M-$5.2M20242025: -$3.6M-$3.6M2025−30%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
REVENUE$1.3M$455.8K
COST OF REVENUE$1.1M$277.3K
GROSS PROFIT$166.8K$178.5K
General and administrative expenses$3.6M$3.6M
Impairment loss expenses$731.3K
Share-based compensation expenses$387.6K$277.3K
TOTAL OPERATING EXPENSES$4.7M$3.9M
(LOSS) FROM OPERATIONS-$4.6M-$3.7M
Interest income$924.2K$320.5K
Interest expenses-$33.2K-$36.0K
Other income$90.1K$8.0K
Other expenses-$35.3K
OTHER INCOME, NET$945.8K$292.5K
(LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES-$3.6M-$3.4M
Income tax (benefits) expense$15.9K-$215.8K
(LOSS) FROM CONTINUING OPERATIONS-$3.6M-$3.2M
(LOSS) INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX$0-$2.0M
NET LOSS-$3.6M-$5.2M
(Loss) from continuing operations per ordinary share - basic (in dollars per share)-$1-$2
(Loss) from continuing operations per ordinary share - diluted (in dollars per share)-$1-$2
(Loss) from discontinued operations per ordinary share - basic (in dollars per share)$0-$1
(Loss) from discontinued operations per ordinary share - diluted (in dollars per share)$0-$1
(Loss) from operations per ordinary share - basic (in dollars per share)-$1.12-$2.65
(Loss) from operations per ordinary share - diluted (in dollars per share)-$1.12-$2.65
Weighted average shares - basic (in shares)3.3M shares2.0M shares
Weighted average shares - diluted (in shares)3.3M shares2.0M shares

Compare CHEETAH NET SUPPLY CHAIN SERVICE INC. with another company

Corporate structure

CHEETAH NET SUPPLY CHAIN SERVICE INC. sits at the top of its group. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CHEETAH NET SUPPLY CHAIN SERVICE INC.

  • Huan Liu Filed SCHEDULE 13D/A on CHEETAH NET SUPPLY CHAIN SERVICE INC., latest Oct 13, 2026 (6 filings since Feb 13, 2024)
  • Takeover Time 2026 LLC Filed SCHEDULE 13D/A on CHEETAH NET SUPPLY CHAIN SERVICE INC., latest Sep 25, 2026 (2 filings since Sep 21, 2026)
  • Jianhui Li Filed SCHEDULE 13G/A on CHEETAH NET SUPPLY CHAIN SERVICE INC., latest Jun 12, 2025 (2 filings since Jan 2, 2025)
  • Weishu Guo Filed SCHEDULE 13G/A on CHEETAH NET SUPPLY CHAIN SERVICE INC., latest Jun 12, 2025 (2 filings since Dec 27, 2024)
  • L1 Capital Global Opportunities Master Fund, Ltd. Filed SCHEDULE 13G/A on CHEETAH NET SUPPLY CHAIN SERVICE INC., latest Feb 14, 2025 (2 filings since Jul 31, 2024)
  • Jiancheng Li Filed SCHEDULE 13G on CHEETAH NET SUPPLY CHAIN SERVICE INC., latest Jan 6, 2025
  • Grand Bright International Holdings Ltd Filed SC 13G/A on CHEETAH NET SUPPLY CHAIN SERVICE INC., latest Dec 12, 2024
  • Juguang Zhang Filed SC 13G/A on CHEETAH NET SUPPLY CHAIN SERVICE INC., latest Jun 13, 2024 (2 filings since Feb 12, 2024)
  • Huoyuan Chen Filed SC 13G on CHEETAH NET SUPPLY CHAIN SERVICE INC., latest Feb 13, 2024
  • Xianggeng Huang Filed SC 13G on CHEETAH NET SUPPLY CHAIN SERVICE INC., latest Feb 13, 2024
  • Xiaolin Tang Filed SC 13G on CHEETAH NET SUPPLY CHAIN SERVICE INC., latest Feb 13, 2024
  • Yan Xiao Filed SC 13G on CHEETAH NET SUPPLY CHAIN SERVICE INC., latest Feb 13, 2024
  • CHEETAH NET SUPPLY CHAIN SERVICE INC. Irvine, California
    • Allen-Boy International LLC Subsidiary · Delaware, United States
    • Edward Transit Express Group Inc. Subsidiary · California, United States
    • Entour Solutions LLC Subsidiary · New York, United States
    • NexTrade International LLC Subsidiary · Delaware, United States
    • TW&EW Services Inc Subsidiary · California, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CHEETAH NET SUPPLY CHAIN SERVICE INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$425.8K5 Dec 31, 2025$425.8K5 Dec 31, 20240%
Accumulated depreciation$66.9K5 Dec 31, 2025$27.4K5 Dec 31, 2024+144.3%
Property and equipment, net$358.9K5 Dec 31, 2025$398.4K5 Dec 31, 2024−9.9%
Operating-lease assets (leased space)$1.2M5 Dec 31, 2025$1.8M5 Dec 31, 2024−36.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$233.2K5 Dec 31, 2025$1.7M5 Dec 31, 2024−85.9%
Loans, net of allowance$6.1M7 Dec 31, 2024$672.5K7 Dec 31, 2023+805.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$475.9K5 Dec 31, 2025$1.0M5 Dec 31, 2024−54.4%
Intangible assets, net (excluding goodwill)$792.6K5 Dec 31, 2025$1.1M5 Dec 31, 2024−25.4%
Indefinite-lived intangibles (excluding goodwill)$162.8K5 Dec 31, 2025$05 Dec 31, 2024
Finite-lived intangibles, net$792.6K5 Dec 31, 2025

Properties, in its own words

Our principal executive offices are located at 8707 Research Drive, Irvine, California. We lease this office from an independent third party, Zina Development, LLC. The office space is approximately 15,000 square feet, with the lease spanning from July 23, 2024, to July 31, 2027. The monthly base rent ranges from $42,000 to $45,427, increasing gradually over the lease term. We have posted a security deposit of $100,000, which the lessor may use under certain circumstances as specified in the lease. The lease also includes customary provisions regarding termination, renewal, and expense arrangements.

We also lease an office located at 6201 Fairview Road, Suite 225, Charlotte, North Carolina, from an independent third party, GT Real Estate USA, LLC, with an area of approximately 2,514 square feet. On April 28, 2023, we entered into an amendment to our current lease, extending its term to February 28, 2027, with a monthly rent of approximately $6,639. On July 25, 2023, GT Real Estate USA, LLC transferred all of its lease rights to two Delaware LLCs, WILVI 6201 SPE LLC and BILA 6201 SPE LLC. On January 10, 2025 and January 31, 2025, we sent two letters to the lessor requesting to terminate the lease, as we had vacated the property. Starting from February 2025, we ceased to pay rent per the Company’s legal counsel advice. The Company reviewed the landlord’s internal tenant management system and confirmed that the Company had been removed as an active tenant from the landlord’s system in December 2025, and all the outstanding invoices from February to December 2025 had also been reversed. As of December 31, 2025, based on these developments, the Company believes that its remaining obligations under the lease have been effectively terminated.

The rest of Item 2

Allen-Boy, one of our subsidiaries, leases office space for its business operations in Charlotte, North Carolina, from an independent third party, Sounder Properties Inc., with an area of approximately 225 square feet. The current lease term is from October 1, 2025, to September 30, 2026, with a monthly rent of $565. This office is the address for our dealer license.

Edward, which became one of our subsidiaries on February 2, 2024, had previously been in a collaborative partnership with us as providers for vehicle storage and logistics services throughout the year ended December 31, 2023. Following our acquisition of Edward in 2024, we assumed responsibility for a lease agreement for its warehousing facility located in Gardena, California, covering approximately 8,800 square feet. The current lease is set to expire on August 31, 2028, with a monthly rent ranging from $13,500 to $16,425, increasing gradually over the lease term. The leased warehousing facility enhances our logistics capabilities and operational efficiency.

We believe that the offices and warehouses we currently lease are adequate to meet our needs for the foreseeable future.

Item 2 of the 10-K filed Mar 20, 2026.4

Leadership

Who has led CHEETAH NET SUPPLY CHAIN SERVICE INC., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Cindy Tang2025
2025
  • Chief financial officerCindy Tang Feb 26, 2025 to Feb 26, 202511
Board members and other officers (5)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Allen-Boy International LLC Delaware3
  • Cheetah Net Supply Chain Service Ltd British Virgin Islands3
  • Edward Transit Express Group Inc. California3
  • Entour Solutions LLC New York3
  • NexTrade International LLC Delaware3
  • TW&EW Services Inc California3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 9, 20268-K Entered a material agreement; Unregistered sale of shares17
  2. Sep 30, 20268-K Other events18
  3. Sep 23, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed19
  4. Sep 15, 20268-K Entered a material agreement; Regulation FD disclosure20
  5. Aug 26, 20268-K Entered a material agreement21
  6. Aug 13, 20268-K Results of operations22
  7. Jun 29, 20268-K Ended a material agreement23
  8. Jun 22, 20268-K Entered a material agreement; Unregistered sale of shares24
  9. Jun 4, 20268-K Entered a material agreement; Executive or director change25
  10. Jun 1, 20268-K Other events26
  11. May 14, 20268-K Results of operations27
  12. Apr 24, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Other events28

Calendar

Coming up

  1. Nov 6, 2026Reports results for the quarter ending Sep/202629

When it reported results

  1. Aug 13, 2026Reported quarterly or annual results22
  2. May 14, 2026Reported quarterly or annual results27
  3. Mar 20, 2026Reported quarterly or annual results30
  4. Nov 10, 2025Reported quarterly or annual results31
  5. Aug 4, 2025Reported quarterly or annual results32
  6. May 5, 2025Reported quarterly or annual results33
  7. Mar 12, 2025Reported quarterly or annual results34
  8. Nov 13, 2024Reported quarterly or annual results35

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

186 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 52 major events, 27 insider forms, 23 large holders, 71 other. The latest 20:

  1. Oct 15, 2026DFAN14A SOLICITING MATERIAL UNDER RULE 14A-12. EDGAR
  2. Oct 15, 2026DEFA14A EDGAR
  3. Oct 13, 2026SCHEDULE 13D/A EDGAR
  4. Oct 13, 20264 OWNERSHIP DOCUMENT EDGAR
  5. Oct 9, 20268-K EDGAR
  6. Oct 8, 2026PRRN14A REVISED PRELIMINARY CONSENT STATEMENT EDGAR
  7. Oct 1, 2026PREC14A PRELIMINARY CONSENT SOLICITATION STATEMENT EDGAR
  8. Sep 30, 20268-K EDGAR
  9. Sep 25, 2026SCHEDULE 13D/A EDGAR
  10. Sep 23, 20268-K EDGAR
  11. Sep 21, 2026SCHEDULE 13D EDGAR
  12. Sep 18, 20263 PRIMARY DOCUMENT EDGAR
  13. Sep 15, 20268-K EDGAR
  14. Aug 26, 20268-K EDGAR
  15. Aug 24, 2026424B5 EDGAR
  16. Aug 13, 20268-K EDGAR
  17. Aug 13, 202610-Q EDGAR
  18. Jul 6, 2026DEF 14C EDGAR
  19. Jun 29, 20268-K EDGAR
  20. Jun 25, 2026PRE 14C EDGAR

The 186 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

12 open-market trades by officers, directors and large owners since October 2021: 1 buys and 11 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 15, 2026Liu HuanSee RemarksBuy200,000$2.00$400.0KForm 4
Dec 3, 2024Liu HuanSee RemarksSale45,938$6.52$299.5KForm 4
May 23, 2024Tang Xiaolin10% ownerSale1,500,000$1.06$1.6MForm 4
May 21, 2024Chen Huoyuan10% ownerSale990,000$1.26$1.2MForm 4
May 21, 2024Zhang Juguang10% ownerSale1,271,829$0.96$1.2MForm 4
May 21, 2024Xiao Yan10% ownerSale1,500,000$2.91$4.4MForm 4
May 21, 2024Yuan Ying-Chang10% ownerSale1,200,000$2.53$3.0MForm 4
May 17, 2024Zhang Juguang10% ownerSale500$9.53$4.8KForm 4
May 14, 2024Chen Huoyuan10% ownerSale8,500$4.32$36.7KForm 4
May 13, 2024Chen Huoyuan10% ownerSale400$1.42$568Form 4
May 7, 2024Chen Huoyuan10% ownerSale1,000$1.76$1.8KForm 4
Apr 19, 2024Chen Huoyuan10% ownerSale100$1.46$146Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Huan LiuSCHEDULE 13D/A, 6 filings Feb 13, 2024 to Oct 13, 202636
  • Takeover Time 2026 LLCSCHEDULE 13D/A, 2 filings Sep 21, 2026 to Sep 25, 202637
  • Jianhui LiSCHEDULE 13G/A, 2 filings Jan 2, 2025 to Jun 12, 202538
  • Weishu GuoSCHEDULE 13G/A, 2 filings Dec 27, 2024 to Jun 12, 202539
  • L1 Capital Global Opportunities Master Fund, Ltd.SCHEDULE 13G/A, 2 filings Jul 31, 2024 to Feb 14, 202540
  • Jiancheng LiSCHEDULE 13G, 1 filing Jan 6, 202541
  • Grand Bright International Holdings LtdSC 13G/A, 1 filing Dec 12, 202442
  • Juguang ZhangSC 13G/A, 2 filings Feb 12, 2024 to Jun 13, 202443
  • Huoyuan ChenSC 13G, 1 filing Feb 13, 202444
  • Xianggeng HuangSC 13G, 1 filing Feb 13, 202445
  • Xiaolin TangSC 13G, 1 filing Feb 13, 202446
  • Yan XiaoSC 13G, 1 filing Feb 13, 202447
  • Ying-Chang YuanSC 13G, 1 filing Feb 13, 202448

SEC filer profile

How CHEETAH NET SUPPLY CHAIN SERVICE INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCHEETAH NET SUPPLY CHAIN SERVICE INC.1
  • CIK0001951667
  • Employer ID (EIN)81-35091204
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)5010 Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address8707 Research Drive, Irvine, CA 926181
  • Phone(949) 418 78041
  • Shares outstanding36,177,712 shares as of Mar 19, 20264
  • Public float$3.5M as of Jun 30, 20254
  • AuditorTang Qian & Associates PLLC, Dallas, Texas PCAOB ID 7080; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceDec 16, 20221
  • Filings186 in all: 8-K (52), 3 (15), 4 (12), 10-Q (10), CORRESP (10), SC 13G (8), UPLOAD (7), S-1/A (6)1
    All 41 form types

    EFFECT (5), DEF 14A (4), PRE 14A (4), SCHEDULE 13D/A (4), 10-K (3), 424B4 (3), FWP (3), S-1 (3), SCHEDULE 13G (3), SCHEDULE 13G/A (3), 144 (2), 424B5 (2), DEF 14C (2), DEFA14A (2), DRS (2), PRE 14C (2), S-3 (2), SC 13G/A (2), 144/A (1), 424B3 (1), 8-A12B (1), CERT (1), DFAN14A (1), DRS/A (1), DRSLTR (1), PREC14A (1), PRER14A (1), PRRN14A (1), S-1MEF (1), S-8 (1), SC 13D (1), SC 13D/A (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Mar 20, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Dec 18, 2025
    Latest 8-K (8-K) Oct 9, 2026

Securities registered for trading

ClassSymbolExchange
Class A common stock, par value $0.0001per shareCTNTNasdaq

From the cover page of the 10-K filed Mar 20, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks CHEETAH NET SUPPLY CHAIN SERVICE INC. names in Item 1A of its 10-K filed Mar 20, 2026: 40 risks under these headings, as written.4

  • Economic, Political, and Market Risks
  • We are currently operating in a period of economic uncertainty and capital markets disruption, which has been significantly impacted by geopolitical instability due to the ongoing military conflicts between Russia and Ukraine and in the Middle East and the increasingly strained relationship between the U.S. and China. Our business, financial condition, and results of operations could be materially adversely affected by any negative impact on the global economy and capital markets resulting from the conflicts in Ukraine and the Middle East or any other geopolitical tensions.
  • Availability and demand for our products and services may be adversely impacted by economic conditions and other factors.
  • We are in the competitive logistics and warehousing industry, and we may not be able to compete successfully against existing or new competitors, which could reduce our market share and adversely affect our competitive position and financial performance.
  • We may be adversely affected by the effects of inflation and a potential recession in the U.S. and by a weakening economy in the PRC.
  • Fluctuations in exchange rates could have a material and adverse effect on our results of operations and the value of your investment.
  • Operational Risks
  • We have discontinued our parallel-import vehicle sales business and are transforming our operations to focus on logistics and warehousing services, which could have a material and adverse effect on our business, financial condition, and results of operations.
  • As we are located in California, we may be subject to catastrophic events, which could have a material adverse impact on our business, financial condition, and results of operations.
  • Service disruption experienced by our warehouse and office may adversely affect our business operations.
  • If our clients are able to reduce their logistics and supply chain costs or increase utilization of their internal solutions, our business and results of operations may be materially and adversely affected.
  • We face risks from fuel price fluctuation.
The other 30 risks
  • We face risks associated with the freight handled through our network.
  • Failure to renew our current Ocean Transportation Intermediary (“OTI”) License or any delay in doing so could have a material adverse impact on our operations.
  • Our business, financial condition, and results of operations may be materially and adversely affected if our third-party transportation providers are unable to provide high-quality services to our clients.
  • Our business relies on a few customers each accounting for more than 10% of our total purchases, and interruption in any of their operations will have an adverse effect on our business, financial condition, and results of operations.
  • We started providing our logistics and warehousing services in February 2024; we may not be successful in this new line of business, which may adversely affect our business, financial condition, and results of operations.
  • We have primarily funded our working capital needs from financing activities historically, and there is no assurance that we will always maintain positive cash flow in the near future or at all.
  • Our business and results of operations may be harmed by the misconduct of authorized employees that have access to assets of our Company such as inventory, bank accounts, credit cards, and confidential information.
  • Our insurance does not fully cover all of our operational risks, and changes in the cost of insurance or the availability of insurance could materially increase our insurance costs or result in a decrease in our insurance coverage.
  • Any negative publicity about us, our products and services, and our management may materially and adversely affect our reputation and business.
  • Cybersecurity incidents could disrupt our business operations, result in the loss of critical and confidential information, adversely impact our reputation, and harm our business.
  • Our business, financial condition, and reputation may be substantially harmed by security breaches, interruptions, delays, and failures in our systems and operations.
  • Our business and financial condition may be substantially harmed by inventory losses caused by theft, vandalism, or accidents during transportation and/or warehousing.
  • We may experience operational system failures or interruptions that could materially harm our ability to conduct our operations.
  • If we fail to execute our strategies and future plans effectively, we may not be able to take advantage of market opportunities or meet the demand of our customers.
  • If we fail to attract, recruit, or retain our key personnel, including our executive officers, senior management, and key employees, our ongoing operations and growth could be affected.
  • Our ongoing operations and growth may be affected by the high percentage of foreign employees who do not have permanent work permits in the U.S., which may increase our turnover ratio.
  • Future acquisitions may have an adverse effect on our ability to manage our business.
  • Legal, Regulatory, and Compliance Risks
  • We are subject to logistics and warehousing and other laws and regulations in the U.S., which, if we are found to have violated, may adversely affect our business and results of operations.
  • Non-compliance with laws and regulations on the part of any third parties with which we conduct business could expose us to legal expenses, compensation to third parties, penalties, and disruptions of our business, which may adversely affect our results of operations and financial performance.
  • Third parties may claim that we infringe their proprietary intellectual property rights, which could cause us to incur significant legal expenses and prevent us from promoting our services.
  • We may from time to time be subject to claims, controversies, lawsuits, and legal proceedings, which could adversely affect our business, prospects, results of operations, and financial condition.
  • We may be the subject of allegations, harassment, or other detrimental conduct by third parties, which could harm our reputation and cause them to lose market share and customers.
  • Any adverse change in political relations between the U.S. and other countries or regions (particularly the PRC), such as the ongoing U.S.-China trade conflicts, may negatively affect our business.
  • Trading Risks
  • A possible “short squeeze” due to a sudden increase in demand of our Class A common stock that largely exceeds supply may lead to further price volatility in our Class A common stock.
  • Future equity offerings or other equity issuances of us could further dilute our Class A common stock.
  • If we fail to maintain an effective system of internal controls, we may fail to meet our reporting obligations or be unable to accurately report our results of operations or prevent fraud, and investor confidence and the market price of our Class A common stock may be materially and adversely affected.
  • We may not be able to maintain the listing of our Class A common stock on the Nasdaq Capital Market.
  • If securities or industry analysts do not publish research or reports about our business, or if they publish a negative report regarding our Class A common stock, the price of our Class A common stock and trading volume could decline.
  • Anti-takeover provisions in our certificate of incorporation and our bylaws may discourage, delay, or prevent a change in control.
  • We are an “emerging growth company” and a “smaller reporting company” under the JOBS Act, and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies and smaller reporting companies will make our common stock less attractive to investors.

Legal proceedings

We are not currently involved in any material legal proceedings. From time-to-time we are, and we anticipate that we will be, involved in legal proceedings, claims, and litigation arising in the ordinary course of our business and otherwise. The ultimate costs to resolve any such matters could have a material adverse effect on our financial statements. We could be forced to incur material expenses with respect to these legal proceedings, and in the event that there is an outcome in any that is adverse to us, our financial position and prospects could be harmed.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
    SEC EDGAROther events
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
    SEC EDGAROther events
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48