# EDGAR Filing Document

**Accession Number:** 0001687542
**File Stem:** 0000000000-25-005953
**Filing Date:** 2025-6
**Character Count:** 11841
**Document Hash:** fbefcd52685c940b41503854767e1fe6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-005953.hdr.sgml**: 20251217

**ACCESSION NUMBER**: 0000000000-25-005953

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250605

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Freight Technologies, Inc.
- **CENTRAL INDEX KEY:** 0001687542
- **STANDARD INDUSTRIAL CLASSIFICATION:** ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO [4731]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 001-38172

**BUSINESS ADDRESS:**
- **STREET 1:** 2001 TIMBERLOCH PLACE
- **STREET 2:** SUITE 500
- **CITY:** THE WOODLANDS
- **STATE:** TX
- **ZIP:** 77380
- **BUSINESS PHONE:** (773) 905-5076

**MAIL ADDRESS:**
- **STREET 1:** 2001 TIMBERLOCH PLACE
- **STREET 2:** SUITE 500
- **CITY:** THE WOODLANDS
- **STATE:** TX
- **ZIP:** 77380

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Hudson Capital Inc.
- **DATE OF NAME CHANGE:** 20200507

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** China Internet Nationwide Financial Services, Inc.
- **DATE OF NAME CHANGE:** 20161014
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001641172-25-003944

## Text-Extract

```

                                                            June 5, 2025

Don Quinby
Chief Financial Officer
Freight Technologies, Inc.
2001 Timberloch Place, Suite 500
The Woodlands, Texas 77380

       Re: Freight Technologies, Inc.
           Form 10-K for the Fiscal Year ended December 31, 2024
           Filed April 14, 2025
           File No. 001-38172
Dear Don Quinby:

       We have reviewed your filing and have the following comments.

       Please respond to this letter within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe a
comment applies to your facts and circumstances, please tell us why in your
response.

       After reviewing your response to this letter, we may have additional
comments.

Form 10-K for the Fiscal Year ended December 31, 2024
Management's Discussion and Analysis, page 44
Revenues, page 45

1.     Please expand your disclosures to include a summary table of the
non-financial
       operating measures for each period, as pertaining to revenues of the
Freight
       Transportation Brokerage and Dedicated Capacity segments, including
measures that
       are specific to your FTL, LTL, and ocean container shipments, and the
shipping
       capacity sold, to comply with Item 303(a) of Regulation S-K.

       For example, these should include volumetric and unitary measures such
as the
       number of shipments, miles transported, trucks providing capacity,
average prices per
       unit, and any other details that are correlated with your peformance
obligations and
       relevant to understanding the activity that is reflected in your
financial statements.

       Please also disclose the extent to which material changes in revenues
are attributable
       to changes in volumes, and separately to changes in prices, product mix,
and other
       factors to comply with Item 303(b) and (b)(2) of Regulation S-K.
 June 5, 2025
Page 2

Costs of Revenues, page 45

2.     Please expand your discussion and analysis pertaining to cost of
revenues as necessary
       to clearly describe the composition and nature of items included in your
costs of
       revenues; and include corresponding details adjacent to your revenue
recognition
       accounting policy disclosures on pages F-14 and F-15 of the financial
statements.

       As you appear to disclose a measure of gross margin that excludes
depreciation and
       amortization that is related to cost of revenue, this would be
considered a non-GAAP
       measure. If the measure is incomplete and you wish to retain the
non-GAAP measure,
       please revise the label and add disclosures to comply with item 10(e) of
Regulation S-
       K, including presenting and discussing the most directly comparable GAAP
measure,
       with equal or greater prominence, and including a reconciliation.

       Under this scenario we believe the most directly comparable GAAP measure
would
       be gross margin, reflecting all costs of sales. However, if depreciation
and
       amortization is not attributable to cost of sales, explain to us your
view and the
       reasons for the parenthetical captions utilized in your financial
presentations.

Other Income and Expenses, page 47

3.     We note that you report a gain of $1.6 million in 2024 resulting from
extinguishments
       of convertible notes issued in 2023 and promissory notes issued in 2024,
having
       Freight Opportunities, LLC as the counterparty, according to the
disclosures on pages
       F-20 and F-23. On page 62, you indicate this entity, along with Freight
Opportunities
       II, LLC, collectively beneficially own or control 91.1% of your shares.

       Please expand your disclosure herein to provide further details
regarding the terms of
       the cancellation agreements, and of the obligations that have been
extinguished,
       including the circumstances precipitating the event, the principal and
interest balances
       of the notes that were cancelled, and any related consideration or
contingency.

Changes in and Disagreements with Accountants on Accounting and Financial
Disclosures,
page 50

4.     We note that you have endeavored to provide certain required information
about your
       relationships with three accounting firms that had been engaged to
conduct auditing
       and review services. However, various representations and dates within
these
       disclosures are inconsistent with prior disclosures or not clearly
aligned. Please revise
       your disclosures as necessary to correct errors and misrepresentations
to include
       revisions that address the following points.

             Your statement that UHY LLP resigned is not consistent with the
report that you
           filed on July 10, 2024, which indicates that UHY LLP was dismissed.
 June 5, 2025
Page 3

             Your statement that Marcum LLP was engaged on June 20, 2024 is not
consistent
           with the report that you filed on January 10, 2025, which indicates
that Marcum
           LLP was engaged August 22, 2024.

             It appears that you intended to specify the periods prior to your
dismissal of
           Marcum LLP in the sixth paragraph, in making a representation about
whether or
           not there were disagreements or reportable events, although you
reference an
           interim period that is not aligned with the date of their dismissal,
and is not
           consistent with the report that you filed on January 10, 2025, which
covers the
           period up to the date of dismissal.

             You have duplicate representations in the first and fifth
paragraphs stating that
           Marcum LLP "has not provided any audit services to the Company
subsequent to
           July 4, 2024" (which is the date that you also associate with the
resignation of
           UHY LLP). Clarify whether these are accurate with respect to Marcum
LLP, or if
           one of these should pertain to UHY LLP, and if a different date is
needed to align
           with the audit and review work of Marcum LLP.

             Your statement that Marcum LLP resigned is not consistent with the
report that
           you filed on January 10, 2025, which indicates that you dimissed
Marcum LLP.

             You have duplicate representations in the third and seventh
paragraphs about a
           letter from Marcum LLP that is filed as an exhibit. Clarify whether
one of those
           was intended to express something similar with respect to UHY LLP.

             The seventh paragraph indicates that you asked Marcum LLP to
provide a letter
           regarding the views of UHY LLP, which does not correlate with the
disclosure
           requirement or the contents of the letter that you have filed as an
exhibit.

             Your representation in the last paragraph regarding the engagement
of TAAD
           LLP and whether the firm had been consulted with respect to certain
matters prior
           to its engagement, does not fulfill the disclosure requirement
because you
           reference Marcum LLP instead.

5.     We note your disclosures indicating that you engaged Marcum LLP as
       your independent registered public accounting firm on June 20, 2024, and
that the
       firm resigned on January 7, 2025.

       Please explain to us the reasons that Marcum LLP resigned, including
details of any
       precipitating circumstances and any communications involving the company
during
       the period of the engagement. Please also describe for us in reasonable
detail the
       extent to which the firm had conducted audit and review work during the
period of
       their engagement, including details of the scope of procedures
performed, and the
       extent of any such work that was conducted in your offices or
facilities, and tell us the
 June 5, 2025
Page 4

       amount of any fees that you paid to Marcum LLP in connection with their
services
       and explain how those fees have been reported in the table on page 64.

Controls and Procedures, page 51

6.     We note you disclosure indicating internal control over financial
reporting (ICFR)
       was assessed and found to be not effective at December 31, 2024 due to
significant
       deficiencies and material weaknesses in ICFR, including certain "invoice
and
       fulfilment reconciliations with the customer and general ledger entries
related to
       dedicated service invoices and adjustments thereto were not always
completed in a
       timely manner for internal reporting purposes."

       Given the areas of overlap between ICFR and disclosure controls and
procedures
       (DCP), and considering the nature of the material weaknesses and the
various
       disclosure concerns outlined in the other comments in this letter,
please clarify how
       you would conclude that DCP were effective at December 31, 2024.

Principal Accountant Fees and Services, page 64

7.     We note your disclosures about All Other Fees on page 65 indicating the
independent
       accountant may have been compensated "for products and services"
although also
       stating that the principal accountant was not engaged to render any
services during the
       last two fiscal years other than as indicated in the other fee
classifications.

       However, given that you report having paid the independent accountant
$111,750 for
       products and services that were incremental to the audit and review
services, it
       appears that you should expand your disclosure to describe the nature of
the services
       that your accountant provided to comply with Item 14(4) of Form 10-K.

       Please submit the disclosures that you propose to address this
requirement.

        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence
of action by the staff.

       Please contact Lily Dang at 202-551-3867 or Karl Hiller at 202-551-3686
if you have
questions regarding comments on the financial statements and related matters.

                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of Energy &
Transportation

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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