10-Q Filing

DBUB GROUP, INC CIK: 1076784 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001144204-11-047456`
Period End Date	20110630
Filing Date	20110815
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	chcg-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 64 Cash Flow Statement 52

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.12M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.33M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.91M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.25M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$11.03M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.99M	USD	Point-in-time
Inventories	`InventoryNet`	$7.28M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`InventoryNet`	$7.25M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	58.51M	shares	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$2.24M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$2.20M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	54.83M	shares	Point-in-time
Taxes receivable	`IncomeTaxesReceivable`	$127.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	54.83M	shares	Point-in-time
Taxes receivable	`IncomeTaxesReceivable`	$1.20M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	58.51M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$644.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$591.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$38.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$48.55M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$118.00K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$191.00K	USD	Point-in-time
Intangible asset, net	`IntangibleAssetsNetExcludingGoodwill`	$12.77M	USD	Point-in-time
Intangible asset, net	`IntangibleAssetsNetExcludingGoodwill`	$13.15M	USD	Point-in-time
Goodwill	`Goodwill`	$11.23M	USD	Point-in-time
Goodwill	`Goodwill`	$11.23M	USD	Point-in-time
Refundable deposits	`DepositsAssetsNoncurrent`	$7.00K	USD	Point-in-time
Refundable deposits	`DepositsAssetsNoncurrent`	$15.00K	USD	Point-in-time
Total assets	`Assets`	$62.71M	USD	Point-in-time
Total assets	`Assets`	$73.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.59M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.54M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.83M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$736.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$745.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$9.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.16M	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 million shares authorized, 58,511,327 and 54,831,327 issued and outstanding as of June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$59.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 million shares authorized, 58,511,327 and 54,831,327 issued and outstanding as of June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$55.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.25M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.34M	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$50.00K	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$50.00K	USD	Point-in-time
Statutory reserve	`StautoryReserve`	$11.54M	USD	Point-in-time
Statutory reserve	`StautoryReserve`	$11.54M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$6.71M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$7.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$25.21M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$15.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$55.55M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$63.72M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$73.13M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$62.71M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$37.43M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$78.23M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$71.47M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$33.59M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$68.37M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$33.51M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$70.94M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$32.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.11M	USD	2 Qtrs
Gross profit	`GrossProfit`	$7.29M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.70M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.94M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.49M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$13.00M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.57M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.66M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-9.90M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-3.42M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$-47.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$-37.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$-16.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$-22.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$-3.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$-7.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$-1.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$-2.00K	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$-57.00K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$-205.00K	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$-44.00K	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$-44.00K	USD	1 Quarter
Total other (income) expense	`NonoperatingIncomeExpense`	$40.00K	USD	1 Quarter
Total other (income) expense	`NonoperatingIncomeExpense`	$166.00K	USD	2 Qtrs
Total other (income) expense	`NonoperatingIncomeExpense`	$-10.00K	USD	2 Qtrs
Total other (income) expense	`NonoperatingIncomeExpense`	$19.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.40M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.58M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.70M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.06M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$83.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$190.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$129.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.60M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.67M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.73M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.19M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$40.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$449.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$694.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$48.00K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.63M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-9.50M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.29M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.55M	USD	2 Qtrs
Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.18	USD	2 Qtrs
Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	2 Qtrs
Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	54.83M	shares	2 Qtrs
Basic and Diluted (in shares)	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	57.68M	shares	2 Qtrs
Basic and Diluted (in shares)	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	54.83M	shares	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	58.51M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.60M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.67M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.73M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.19M	USD	2 Qtrs
Depreciation	`Depreciation`	$47.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$11.00K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$702.00K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$703.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$746.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$251.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.75M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-251.00K	USD	2 Qtrs
Taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	2 Qtrs
Taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.09M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-182.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-7.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-49.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$41.00K	USD	2 Qtrs
Refundable deposits	`IncreaseDecreaseInDepositOtherAssets`	$7.00K	USD	2 Qtrs
Refundable deposits	`IncreaseDecreaseInDepositOtherAssets`	$-5.00K	USD	2 Qtrs
Advance to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$-2.00K	USD	2 Qtrs
Advance to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$103.00K	USD	2 Qtrs
Advance from customers	`IncreaseDecreaseInPayablesToCustomers`	$23.00K	USD	2 Qtrs
Advance from customers	`IncreaseDecreaseInPayablesToCustomers`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$348.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$365.00K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.78M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.12M	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-6.00K	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$45.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-625.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.64M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$723.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-142.00K	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.92M	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-785.00K	USD	2 Qtrs
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.12M	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.33M	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.91M	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.25M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.12M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.33M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.91M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.25M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$120.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$74.00K	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.