10-Q Filing

KUBER RESOURCES CORP CIK: 1081834 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001214659-21-005352`
Period End Date	20210331
Filing Date	20210514
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	uoli-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 18 Cash Flow Statement 32 Stockholders Equity 13

Balance Sheet 49 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	500,000.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.76K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.76K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	500,000.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.76K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$584.00	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	500,000.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	500,000.00	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.33K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.34K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.09K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
TOTAL ASSETS	`Assets`	$3.34K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.09K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	652.10M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	652.10M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	652.10M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	652.10M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.91K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.91K	USD	Point-in-time
Loan payable - related party	`LoansPayableCurrent`	$124.11K	USD	Point-in-time
Loan payable - related party	`LoansPayableCurrent`	$99.34K	USD	Point-in-time
Notes payable - related party	`NotesPayableCurrent`	$167.55K	USD	Point-in-time
Notes payable - related party	`NotesPayableCurrent`	$167.55K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$268.81K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$293.57K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.001 per share; 10,000,0000 shares authorized; 500,000 shares issued and outstanding at March 31, 2021 and December 31, 2020	`PreferredStockValue`	$500.00	USD	Point-in-time
Preferred stock, par value $0.001 per share; 10,000,0000 shares authorized; 500,000 shares issued and outstanding at March 31, 2021 and December 31, 2020	`PreferredStockValue`	$500.00	USD	Point-in-time
Common stock, par value $0.001 per share; 1,000,000,000 shares authorized; 652,096,355 shares issued and outstanding at March 31, 2021 and December 31, 2020	`CommonStockValue`	$652.10K	USD	Point-in-time
Common stock, par value $0.001 per share; 1,000,000,000 shares authorized; 652,096,355 shares issued and outstanding at March 31, 2021 and December 31, 2020	`CommonStockValue`	$652.10K	USD	Point-in-time
Capital deficiency	`AdditionalPaidInCapital`	$-475.24K	USD	Point-in-time
Capital deficiency	`AdditionalPaidInCapital`	$-475.24K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-441.74K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-468.25K	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-167.55K	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-194.57K	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-263.71K	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-290.23K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$3.34K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$5.09K	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.21K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$19.30K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$2.50K	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$26.51K	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$2.50K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-26.51K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.50K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.51K	USD	1 Quarter
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.00M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	652.10M	shares	1 Quarter

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-2.50K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-26.51K	USD	1 Quarter
Shares issued for services	`CommonStockIssuedForServices`	-	USD	1 Quarter
Shares issued for services	`CommonStockIssuedForServices`	$-44.48K	USD	1 Quarter
Effect of revere merger	`NoncashMergerRelatedCosts`	-	USD	1 Quarter
Effect of revere merger	`NoncashMergerRelatedCosts`	$-68.99K	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$1.00K	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-1.75K	USD	1 Quarter
Interest receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	-	USD	1 Quarter
Interest receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	$1.00	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.91K	USD	1 Quarter
Loan payable - related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$24.76K	USD	1 Quarter
Loan payable - related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$28.86K	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$2.76K	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.76K	USD	1 Quarter
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	-	USD	1 Quarter
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.76K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.76K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.76K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.76K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.76K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.76K	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	1 Quarter
Interest	`InterestPaidNet`	-	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Common stock issued in reverse merger	`StockIssued1`	-	USD	1 Quarter
Common stock issued in reverse merger	`StockIssued1`	$100.00	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$-167.55K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-194.57K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-263.71K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-290.23K	USD	Point-in-time
Shares issued for services - Series B Preferred	`StockIssuedDuringPeriodValueIssuedForServices`	$44.48K	USD	1 Quarter
Effect of Share exchange and reverse merger	`EffectOfShareExchangeAndReverseMerger`	$-68.99K	USD	1 Quarter
Effect of Share exchange and reverse merger (in shares)	`StockIssuedDuringPeriodSharesAcquisitions`	100,000.00	shares	Point-in-time
Net loss	`NetIncomeLoss`	$-2.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.51K	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$-167.55K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-194.57K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-263.71K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-290.23K	USD	Point-in-time

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