UPD HOLDING CORP.
updholdings.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2022 10-K, filed Apr 5, 2023.
10-K for FY2022, filed Apr 5, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Provides inpatient and outpatient substance-use treatment for people with addiction and co-occurring mental health conditions, and plans to offer sober-living residences.
10-K for FY2022, filed Apr 5, 2023We intend to be a provider of inpatient and outpatient substance use treatment services for individuals with drug addiction, alcohol…View ↗
Upon our acquisition of Vital we became a health and wellness company with a focus in the drug and alcohol rehabilitation services…View ↗
VSL Frankfort intends to offer sober-designated living quarters for individuals who are in recovery. Operations for VSL Frankfort are…View ↗
How Did They Make Money?
Treatment revenue comes from inpatient and outpatient services paid for by patients, insurers, or government programs; the company also plans to earn rent by providing sober-living residences.
10-K for FY2022, filed Apr 5, 2023
$38.2K
-
10-K for FY2022, filed Apr 6, 2023
$38.2K ↗
Who Were Their Customers?
Patients with substance-use and co-occurring conditions receive care at the company’s facilities; payment can come from patients, insurers, or government programs. The company plans to attract patients through referrals from healthcare and community contacts, alumni, and online marketing.
10-K for FY2022, filed Apr 5, 2023Upon our acquisition of Vital we became a health and wellness company with a focus in the drug and alcohol rehabilitation services…View ↗
We plan to generate revenues through our Vital Behavioral Health operations from behavioral health treatment services at our inpatient and…View ↗
National Marketing Force. We intend to deploy and manage a team of representatives that will focus on developing relationships with…View ↗
Multi-Media Marketing. Through comprehensive online directories of treatment providers, treatment provider reviews, user content that…View ↗
Recommendations by Alumni. We anticipate receiving new patients who are directly referred to our facilities by our satisfied and supportive…View ↗
Did Revenues Turn Into Profits?
No. It lost $1.3M in FY2022.
10-K for FY2022, filed Apr 6, 2023
How Were They Changing?
From consumer products to treatment
The older report described food and beverage and weight-management activities; the latest focuses on inpatient and outpatient substance-use treatment, after the beverage operations were discontinued and the iMetabolic license ended.
10-K for FY2019, filed Mar 17, 2020 10-K for FY2022, filed Apr 5, 2023UPD Holding Corp. (“UPD”, “Company”), initially incorporated in Nevada in June 1988 as Richard Barrie Fragrances, Inc., is a holding…View ↗
On December 31, 2020, we discontinued RSB’s operations pursuant to an Assumption Agreement between us and RSB whereby 100% of the issued…View ↗
On July 1, 2013, we formed iMetabolic Corporation (“IMET”) in Nevada for the purpose of marketing products under the brand “iMetabolic”…View ↗
Upon our acquisition of Vital we became a health and wellness company with a focus in the drug and alcohol rehabilitation services…View ↗
Loading...
