10-Q/A Filing

DBUB GROUP, INC CIK: 1076784 Q3 2011

Filing Information

Form Type	10-Q/A
Accession Number	`0001144204-12-035532`
Period End Date	20110930
Filing Date	20120620
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	chcg-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 68 Cash Flow Statement 58

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.25M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.12M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.91M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.26M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$11.03M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$12.37M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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`	$7.14M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	58.91M	shares	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$2.28M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	54.83M	shares	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$2.20M	USD	Point-in-time
Taxes receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	58.91M	shares	Point-in-time
Taxes receivable	`IncomeTaxesReceivable`	$1.20M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	54.83M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$215.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$591.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$48.55M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$480.00K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$191.00K	USD	Point-in-time
Intangible asset, net	`IntangibleAssetsNetExcludingGoodwill`	$13.15M	USD	Point-in-time
Intangible asset, net	`IntangibleAssetsNetExcludingGoodwill`	$12.42M	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Goodwill	`Goodwill`	$11.23M	USD	Point-in-time
Refundable deposits	`DepositsAssetsNoncurrent`	$25.00K	USD	Point-in-time
Refundable deposits	`DepositsAssetsNoncurrent`	$7.00K	USD	Point-in-time
Total assets	`Assets`	$73.13M	USD	Point-in-time
Total assets	`Assets`	$45.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.14M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.54M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.24M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$736.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$9.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.05M	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 million shares authorized, 58,911,327 and 54,831,327 issued and outstanding as of September 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, 58,911,327 and 54,831,327 issued and outstanding as of September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$55.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.25M	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`	$7.88M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$6.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$25.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$38.15M	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`	$45.20M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$37.38M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$29.30M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$118.17M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$103.06M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$97.22M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$28.86M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$33.73M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$104.66M	USD	3 Qtrs
Gross profit	`GrossProfit`	$445.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$3.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$13.50M	USD	3 Qtrs
Gross profit	`GrossProfit`	$5.83M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$23.47M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$19.41M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.15M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.18M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$11.23M	USD	3 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$11.23M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-18.96M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-28.86M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-5.91M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.49M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$-24.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$-19.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$-55.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$-71.00K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$-462.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$-324.00K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$-7.00K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$-75.00K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$-65.00K	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	$-119.00K	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	-	USD	1 Quarter
Total other (income) expense	`NonoperatingIncomeExpense`	$51.00K	USD	1 Quarter
Total other (income) expense	`NonoperatingIncomeExpense`	$-481.00K	USD	1 Quarter
Total other (income) expense	`NonoperatingIncomeExpense`	$41.00K	USD	3 Qtrs
Total other (income) expense	`NonoperatingIncomeExpense`	$-314.00K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.54M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.95M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-28.55M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-18.48M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$23.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$152.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$254.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$64.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.20M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-18.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-28.70M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.61M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.18M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-184.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-10.00K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$481.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-18.02M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-27.52M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-6.21M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.79M	USD	1 Quarter
Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.50	USD	3 Qtrs
Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	3 Qtrs
Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.32	USD	1 Quarter
Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	58.59M	shares	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	54.83M	shares	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	54.83M	shares	3 Qtrs
Basic and Diluted (in shares)	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	57.90M	shares	3 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-6.20M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-18.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-28.70M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.61M	USD	1 Quarter
Depreciation	`Depreciation`	$14.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$109.00K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.05M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.05M	USD	3 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	$11.23M	USD	3 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$11.23M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$376.00K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$892.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$926.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.94M	USD	3 Qtrs
Taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	3 Qtrs
Taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.23M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-298.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-408.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-29.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-206.00K	USD	3 Qtrs
Refundable deposits	`IncreaseDecreaseInDepositOtherAssets`	$17.00K	USD	3 Qtrs
Refundable deposits	`IncreaseDecreaseInDepositOtherAssets`	$-6.00K	USD	3 Qtrs
Advance to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$-2.00K	USD	3 Qtrs
Advance to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$-87.00K	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-1.00K	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-189.00K	USD	3 Qtrs
Advance from customers	`IncreaseDecreaseInPayablesToCustomers`	-	USD	3 Qtrs
Advance from customers	`IncreaseDecreaseInPayablesToCustomers`	$24.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$511.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$32.00K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.27M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.09M	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-71.00K	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$40.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.15M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.39M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$427.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-427.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$1.59M	USD	3 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$624.00K	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.99M	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-785.00K	USD	3 Qtrs
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.25M	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.12M	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.91M	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.26M	USD	Point-in-time
Cash and equivalents, end 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`	$29.91M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.26M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$844.00K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$888.00K	USD	3 Qtrs
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Interest paid	`InterestPaid`	-	USD	3 Qtrs

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