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Bobby -- purpose is it's required for NASDAQ uplist.

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No. Incorrect.

A SEC 10-K is a comprehensive report filed annually by EVERY publicly-traded company about its financial performance and is required by the U.S. Securities and Exchange Commission (SEC). A 10-K contains audited financials.

Similarly, a SEC 10-Q is a comprehensive report filed quarterly by EVERY publicly-traded company about its financial performance and is required by the U.S. Securities and Exchange Commission (SEC). A 10-Q is generally an unaudited report.

Publicly-traded companies must generate these reports for every quarter and every year.

Although NASDAQ will be reviewing the 10-K and the audited financials -- the purpose of a 10-K has nothing to do with uplisting.