10-Q Filing

KUBER RESOURCES CORP CIK: 1081834 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001214659-21-011824`
Period End Date	20210930
Filing Date	20211115
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	d111121310q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 40 Cash Flow Statement 43 Stockholders Equity 29

Balance Sheet 53 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.76K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	500,000.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.28K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$54.38K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	500,000.00	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.31K	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`	$2.81K	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
Total current assets	`AssetsCurrent`	$5.08K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.06K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$1.17K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.06K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	32.61M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	32.61M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$6.25K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	32.61M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	32.61M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.91K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.41K	USD	Point-in-time
Loan payable related party	`LoansPayableCurrent`	$99.32K	USD	Point-in-time
Loan payable related party	`LoansPayableCurrent`	$165.15K	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`	$268.78K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$342.11K	USD	Point-in-time
Preferred stock, par value $0.001 per share; 10,000,0000 shares authorized; 500,000 shares issued and outstanding at September 30, 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 September 30, 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; 32,606,582 shares issued and outstanding at September 30, 2021 and December 31, 2020	`CommonStockValue`	$32.61K	USD	Point-in-time
Common stock, par value $0.001 per share; 1,000,000,000 shares authorized; 32,606,582 shares issued and outstanding at September 30, 2021 and December 31, 2020	`CommonStockValue`	$32.61K	USD	Point-in-time
Capital deficiency	`AdditionalPaidInCapital`	$3.66M	USD	Point-in-time
Capital deficiency	`AdditionalPaidInCapital`	$3.66M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-4.03M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.96M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-263.71K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-262.51K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-167.55K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-322.14K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-258.49K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-290.23K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-239.05K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-335.85K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$5.06K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$6.25K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.53K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$14.15K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$642.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$693.00	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$3.38K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$57.99K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$11.19K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$69.75K	USD	3 Qtrs
Total operating expense	`OperatingExpenses`	$72.14K	USD	3 Qtrs
Total operating expense	`OperatingExpenses`	$13.71K	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$70.45K	USD	3 Qtrs
Total operating expense	`OperatingExpenses`	$4.02K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-70.45K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-13.71K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.02K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-72.14K	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncome`	$1.00	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncome`	$1.00	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncome`	-	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$1.00	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$1.00	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-13.71K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-63.92K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.51K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-31.91K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-72.14K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-70.44K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.02K	USD	1 Quarter
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	32.61M	shares	1 Quarter
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	32.61M	shares	3 Qtrs
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	32.61M	shares	1 Quarter
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	32.61M	shares	3 Qtrs

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-13.71K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-63.92K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-26.51K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.50K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-31.91K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-72.14K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-70.44K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-4.02K	USD	1 Quarter
Shares issued to related party for services	`CommonStockIssuedForServices`	$-44.48K	USD	3 Qtrs
Shares issued to related party for services	`CommonStockIssuedForServices`	-	USD	3 Qtrs
Depreciation expense	`Depreciation`	$115.00	USD	3 Qtrs
Depreciation expense	`Depreciation`	-	USD	3 Qtrs
Effect of reverse merger	`NoncashMergerRelatedCosts`	$-68.99K	USD	3 Qtrs
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$2.50K	USD	3 Qtrs
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$499.00	USD	3 Qtrs
Interest receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	$1.00	USD	3 Qtrs
Interest receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	-	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.50K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.53K	USD	3 Qtrs
Loan payable related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$65.83K	USD	3 Qtrs
Loan payable related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$150.31K	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$806.00	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$54.38K	USD	3 Qtrs
Cash paid for fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Cash paid for fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.29K	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.29K	USD	3 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$54.38K	USD	3 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-482.00	USD	3 Qtrs
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`	$2.28K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$54.38K	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`	$2.28K	USD	Point-in-time
CASH END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$54.38K	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	3 Qtrs
Interest	`InterestPaidNet`	-	USD	3 Qtrs
Taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Common stock issued in reverse merger	`StockIssued1`	-	USD	3 Qtrs
Common stock issued in reverse merger	`StockIssued1`	-	USD	3 Qtrs

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Balance - June 30, 2020	`StockholdersEquity`	$-263.71K	USD	Point-in-time
Balance - June 30, 2020	`StockholdersEquity`	$-262.51K	USD	Point-in-time
Balance - June 30, 2020	`StockholdersEquity`	$-167.55K	USD	Point-in-time
Balance - June 30, 2020	`StockholdersEquity`	$-322.14K	USD	Point-in-time
Balance - June 30, 2020	`StockholdersEquity`	$-258.49K	USD	Point-in-time
Balance - June 30, 2020	`StockholdersEquity`	$-290.23K	USD	Point-in-time
Balance - June 30, 2020	`StockholdersEquity`	$-239.05K	USD	Point-in-time
Balance - June 30, 2020	`StockholdersEquity`	$-335.85K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-13.71K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-63.92K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.51K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-31.91K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-72.14K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-70.44K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.02K	USD	1 Quarter
Balance - September 30, 2020	`StockholdersEquity`	$-263.71K	USD	Point-in-time
Balance - September 30, 2020	`StockholdersEquity`	$-262.51K	USD	Point-in-time
Balance - September 30, 2020	`StockholdersEquity`	$-167.55K	USD	Point-in-time
Balance - September 30, 2020	`StockholdersEquity`	$-322.14K	USD	Point-in-time
Balance - September 30, 2020	`StockholdersEquity`	$-258.49K	USD	Point-in-time
Balance - September 30, 2020	`StockholdersEquity`	$-290.23K	USD	Point-in-time
Balance - September 30, 2020	`StockholdersEquity`	$-239.05K	USD	Point-in-time
Balance - September 30, 2020	`StockholdersEquity`	$-335.85K	USD	Point-in-time
Effect of Share exchange and reverse merger	`EffectOfShareExchangeAndReverseMerger`	$-68.99K	USD	1 Quarter
Effect of Share exchange and reverse merger (in shares)	`StockIssuedDuringPeriodSharesAcquisitions`	5,000.00	shares	1 Quarter
Effect of Share exchange and reverse merger (in shares)	`StockIssuedDuringPeriodSharesAcquisitions`	100,000.00	shares	Point-in-time
Shares issued for services - Series B Preferred	`StockIssuedDuringPeriodValueIssuedForServices`	$44.48K	USD	1 Quarter
Conversion of Series B Preferred stock to Common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter

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