10-Q Filing

DBUB GROUP, INC CIK: 1076784 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-029844`
Period End Date	20120331
Filing Date	20120516
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	chcg-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 40 Cash Flow Statement 44

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.78M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.12M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.38M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.25M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$9.97M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.81M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`InventoryNet`	$3.36M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`InventoryNet`	$3.02M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$634.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	58.91M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	58.91M	shares	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$1.67M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$145.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	58.91M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$167.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	58.91M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$20.91M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.75M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$84.00K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$93.00K	USD	Point-in-time
Total assets	`Assets`	$21.01M	USD	Point-in-time
Total assets	`Assets`	$11.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.57M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$571.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.67M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.41M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.65M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 58,911,327 issued and outstanding	`CommonStockValue`	$59.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 58,911,327 issued and outstanding	`CommonStockValue`	$59.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.67M	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`	$7.76M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$7.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$13.36M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$21.01M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.83M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$7.71M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$18.03M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$7.82M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$16.94M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-105.00K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$1.09M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.02M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.62M	USD	1 Quarter
Loss from continuing operations	`OperatingIncomeLoss`	$-3.12M	USD	1 Quarter
Loss from continuing operations	`OperatingIncomeLoss`	$-2.52M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$-13.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$-4.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$-1.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$-1.00K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$-147.00K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$-375.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$370.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$133.00K	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.49M	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.66M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$91.00K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-2.75M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-3.53M	USD	1 Quarter
Net loss from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-1.71M	USD	1 Quarter
Net loss from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-1.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.46M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.78M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$94.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$246.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.68M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.21M	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.06	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.05	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.03	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	58.91M	shares	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	58.51M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.46M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.78M	USD	1 Quarter
Depreciation	`Depreciation`	$24.00K	USD	1 Quarter
Depreciation	`Depreciation`	$10.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$351.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$609.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$141.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.24M	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-129.00K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$23.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-365.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$240.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-194.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-21.00K	USD	1 Quarter
Refundable deposits	`IncreaseDecreaseInDepositOtherAssets`	$20.00K	USD	1 Quarter
Refundable deposits	`IncreaseDecreaseInDepositOtherAssets`	$-2.00K	USD	1 Quarter
Advance to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$-2.00K	USD	1 Quarter
Advance to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$-1.05M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.28M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.08M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.91M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$28.00K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$331.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.25M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.70M	USD	1 Quarter
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$380.00K	USD	1 Quarter
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$40.00K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.87M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.66M	USD	1 Quarter
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.78M	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.12M	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.38M	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.25M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.78M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.12M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.38M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.25M	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$57.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$359.00K	USD	1 Quarter

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