UNITED AMERICAN HEALTHCARE CORPORATION
A Nevada Corporation
303 E. Wacker Drive, Ste 1040
Chicago, IL 60601
(313) 393-4571
Website:www.uahc.com
Email:relations@uahc.com
Primary SIC Code 6799 - Investors, Not Elsewhere Classified
Secondary SIC Code(s)
3841 - Surgical & Medical Instruments & Apparatus
Annual Report
For period ending December 31, 2021
(the "Reporting Period")
As of March 29, 2022, the number of shares outstanding of our Common Stock was: 117,061,040
As of September 30, 2021, the number of shares outstanding of our Common Stock is: 119,999,344
As December 31, 2021, the number of shares outstanding of our Common Stock was: 117,061,040
Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Actof 1933 and Rule 12b-2 of the Exchange Act of 1934): Yes:
No:Indicate by check mark whether the company's shell status has changed since the previous reporting period: Yes:No:
Indicate by check mark whether a Change in Control1 of the company has occurred over this reporting period: Yes:No:
1"Change in Control" shall mean any events resulting in:
(i) Any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the "beneficial owner" (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then outstanding voting securities;
(ii) The consummation of the sale or disposition by the Company of all or substantially all of the Company's assets;
(iii) A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to such change; or
(iv) The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation.
United American Healthcare Corporation
Annual Report
Table of Contents
PART I | ENTITY AND SECURITY INFORMATION | Page |
Entity Information | ||
Name of Issuer | 2 | |
Issuer's State of Incorporation | 2 | |
Address of Issuer's Principal Executive Offices | 2 | |
Address of Issuer's Principal Place(s) of Business | 2 | |
Other Organization Information | 2 | |
Security Information | ||
Classes of Securities, Shares Authorized, Shares Outstanding and Other | 3 | |
Transfer Agent | 3 | |
Issuance History | ||
Changes to the Number of Outstanding Shares | 4 | |
Debt Securities, Including Promissory and Convertible Notes | 6 | |
Financial Statement Information | 6 | |
Issuer's Business, Products and Services | 7 | |
Issuer's Facilities | 8 | |
Company Insiders (Officers, Directors, and Control Persons) | 8 | |
Legal and Discipline History | 10 | |
Third Party Providers | 11 | |
Issuer Certifications and Officer Signatures | 13 | |
PART II | UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS | |
Unaudited Consolidated Balance Sheets - as of December 31, 2021 and 2020 | 15 | |
Unaudited Consolidated Statements of Comprehensive Income - for each of the years ended December 31, 2021 and 2020 | 16 | |
Unaudited Consolidated Statements of Shareholder's Equity and Comprehensive Income - for each of the years ended December 31, 2021 and 2020 | 18 | |
Unaudited Consolidated Statements of Cash Flows - for each of the years ended December 31, 2021 and 2020 | 19 | |
Notes to the Unaudited Consolidated Financial Statements | 20 |
PART I - ENTITY AND SECURITY INFORMATION
1) Name of the issuer and its predecessors (if any):
• Name of Issuer: United American Healthcare Corporation (hereinafter referred to as the "Company," "Issuer," or "UAHC")
• Current State of Incorporation: Nevada (effective August 1, 2014) - Active
• Prior State of Incorporation: Michigan (December 1, 1983 - July 31, 2014) - Inactive
UAHC was incorporated in Michigan on December 1, 1983 and commenced operations in May 1985. On August 1, 2014, the Company converted from a Michigan corporation into a Nevada corporation (the "Conversion"). The Conversion was effected by the filing of a Certificate of Conversion with the Michigan Department of Licensing and Regulatory Affairs on July 28, 2014, and by the filing of Articles of Conversion with the Nevada Secretary of State on July 30, 2014, in each case with an effective date of August 1, 2014. The Conversion was approved by the shareholders of the Company at a meeting of the shareholders held on December 13, 2013. In connection with the Conversion, the Company also filed with the Nevada Secretary of State on July 30, 2014, a Plan of Conversion and Articles of Incorporation that are substantially identical to the proposed Plan of Conversion and Articles of Incorporation which were furnished as exhibits to the Company's Definitive Proxy Statement on Schedule 14A filed on November 1, 2013 with the exception of the par value of the Common Stock and Preferred Stock which were both designated as no par value prior to the Conversion and were each assigned a $0.001 par value per share after the Conversion.
• Describe any trading suspension orders issued by the SEC in the past 12 months: NONE
• List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:
Pulse Systems, LLC was sold on October 30, 2020. American Sustainable Rubber Company was sold on November 22, 2021. For additional information regarding these transactions, see Note 7 - "Discontinued Operations" in PART II of this report.
• The address(es) of the issuer's principal executive office:
303 E. Wacker Drive, Ste 1040
Chicago, Illinois 60601
• The address(es) of the issuer's principal place of business:
Check box if principal executive office and principal place of business are the same address: ☒
United American Healthcare Corp and UAHC Ventures, LLC
Principal place of business address: 303 E Wacker Drive, Ste 1040, Chicago, IL 60601
• Has the issuer or any of its predecessors ever been in bankruptcy, receivership, or any similar proceeding in the past five years? Yes:No:
If this issuer or any of its predecessors have been the subject of such proceedings, please provide additional details in the space below: Not Applicable
2) Security Information
• Publicly traded securities:
Trading Symbol: | UAHC |
Class of Security: | Common Stock |
CUSIP: | 90934C105 |
Par Value: | $0.001 |
Total shares authorized as of 03/31/2022: | 150,000,000 |
Total Shares outstanding as of 03/31/2022: | 117,061,040 |
Number of shares in the Public Float as of 03/29/2022: | 8,516,886 |
Total number of shareholders of record as of 03/29/2022: | 617 |
On March 23, 2015 UAHC filed Form 15 with the Securities and Exchange Commission terminating the registration of its Common Stock under Rule 12 g-4(a)(1) of the Securities Exchange Act of 1934.
• All additional class(es) of publicly traded securities (if any): NONE
• Other classes of securities (not publicly traded):
Class of Security: | Preferred Stock |
Par Value: | $0.001 |
Total shares authorized as of 03/31/2022: | 5,000,000 |
Total Shares outstanding as of 03/31/2022: | 0 |
• Transfer Agent:
West Coast Stock Transfer, Inc. 721 N. Vulcan Ave
Suite 205
Encinitas, CA 92024 Phone: 619-664-4780
Is the Transfer Agent registered under the Exchange Act?
Yes:No:
3) Issuance History
A. Changes to the Number of Outstanding Shares
Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods:
Number of Shares outstanding as of December 31, 2019 | Opening Balance: Common: 149,999,344 Preferred: 0 | ||||||||
Date of Transaction | Transaction type (e.g. new issuance, cancellation, shares returned to treasury) | Number of Shares Issued (or cancelled) | Class of Securities | Value of shares issued ($/per share) at Issuance | Were the shares issued at a discount to market price at the time of issuance? (Yes/No) | Individual/ Entity Shares were issued to (entities must have individual with voting / investment control disclosed). | Reason for share issuance | Restricted or Unrestricted as of this filing? | Exemption or Registration Type? |
December 19, 2020 | Shares returned to treasury from Put Exercise | (30,000,000) | Common Stock | N/A | Yes | St. George Investments, LLC Note (a) | Put Option Exercise Note (b) | N/A - shares cancelled | N/A - shares cancelled |
Shares Outstanding on December 31, 2020: | Ending Balance: Common: 119,999,344 Preferred: 0 | ||||||||
December 29, 2021 | Shares returned to treasury from Put Exercise | (2,938,304) | Common Stock | N/A | Yes | St. George Investments, LLC Note (a) | Put Option Exercise Note (c) | N/A - shares cancelled | N/A - shares cancelled |
Shares Outstanding on December 31, 2021: | Ending Balance: Common: 117,061,040 Preferred: 0 |
See Table Notes on next page…
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UAHC - United American Healthcare Corporation published this content on 01 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2022 12:44:06 UTC.