USBC, Inc. filed a Transition Report on Form 10-K with the SEC covering the three-month period from October 1, 2025 through December 31, 2025, reflecting the company's change of its fiscal year end from September 30 to December 31.

Key Highlights

  • Fiscal year change: USBC, Inc. shifted its fiscal year end from September 30 to December 31, effective beginning in fiscal year 2026, according to the filing.
  • Transition period covered: This report covers the three-month period from October 1, 2025 to December 31, 2025.
  • Shares outstanding: As of March 24, 2026, there were 388,144,429 shares of common stock issued and outstanding, the filing states.
  • Market value of non-affiliate equity: As of June 30, 2025, the aggregate market value of voting and non-voting common equity held by non-affiliates was $14,110,017, based on the last reported trade on that date.
  • Company classification: The registrant is identified in the filing as a non-accelerated filer and a smaller reporting company.
  • Prior name: The filing identifies USBC, Inc. as formerly known as Know Labs, Inc., a Nevada corporation.

USBC, Inc. Transition Period Reporting and Fiscal Year Realignment

According to the filing, USBC, Inc. (NYSE American:USBC) changed its fiscal year end from September 30 to December 31, effective beginning in fiscal year 2026. The company stated the change was made "to better align the Company's financial reporting calendar with its operating cycle, internal budgeting and financial planning process, and to improve comparability with industry peers that report on a calendar-year basis." As a result, this Transition Report on Form 10-K covers only the three-month period ended December 31, 2025, rather than a full fiscal year.

The filing notes that operating results for the Transition Period "are not directly comparable to results for prior annual periods due to the Company's fiscal year end change" and that the results "should not be considered indicative of historical or future full-year operating performance." For comparison purposes, the filing includes unaudited operating results for the three-month period ended December 31, 2024. Following the Transition Period, the company disclosed it will report on a calendar-year basis beginning with the fiscal year ending December 31, 2026.

The filing is submitted under Commission File No. 001-37479. The company's principal executive offices are listed at 300 E 2nd Street, 15th Floor, Reno, NV 89501. Part III information, covering directors, executive compensation, security ownership, related transactions, and accounting fees, is to be incorporated by reference from the company's definitive proxy statement for its 2026 Annual Meeting of Stockholders, to be filed within 120 days after December 31, 2025, the filing states. The filing also references a "tokenized cryptocurrency treasury strategy" and Bitcoin holdings among its forward-looking disclosures, noting risks including "fluctuations in the market price of Bitcoin."

What Was Disclosed

USBC, Inc. filed a transition-period Form 10-K covering October 1 to December 31, 2025, disclosing a fiscal year change, 388,144,429 shares outstanding as of March 24, 2026, a non-affiliate market cap of $14,110,017 as of June 30, 2025, and references to a cryptocurrency treasury strategy.