10-K Filing

KUBER RESOURCES CORP CIK: 1081834 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001214659-22-005223`
Period End Date	20211231
Filing Date	20220414
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	u4822010k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 18 Cash Flow Statement 39 Stockholders Equity 12

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
Preferred stock, shares issued	`PreferredStockSharesIssued`	500,000.00	shares	Point-in-time
Cash	`Cash`	$52.28K	USD	Point-in-time
Cash	`Cash`	$2.76K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.81K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.06K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$56.09K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$1.06K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.06K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	32.61M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$57.15K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	32.61M	shares	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`	$14.41K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.91K	USD	Point-in-time
Loan payable related party	`LoansPayableCurrent`	$99.32K	USD	Point-in-time
Loan payable related party	`LoansPayableCurrent`	$170.71K	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
Contract liability	`ContractWithCustomerLiabilityCurrent`	-	USD	Point-in-time
Contract liability	`ContractWithCustomerLiabilityCurrent`	$50.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$268.78K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$402.67K	USD	Point-in-time
Preferred stock, par value $0.001 per share; 10,000,0000 shares authorized; 500,000 shares issued and outstanding at December 31, 2021 and 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 December 31, 2021 and 2020	`PreferredStockValue`	$500.00	USD	Point-in-time
Common stock, par value $0.001 per share; 1,000,000,000 shares authorized; 32,606,355 shares issued and outstanding at December 31,2021 and 2020	`CommonStockValue`	$32.61K	USD	Point-in-time
Common stock, par value $0.001 per share; 1,000,000,000 shares authorized; 32,606,355 shares issued and outstanding at December 31,2021 and 2020	`CommonStockValue`	$32.61K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$3.66M	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$3.66M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-4.04M	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`	$-167.55K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-345.52K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$5.06K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$57.15K	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$16.92K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$826.00	USD	Annual
Professional fees	`ProfessionalFees`	$372.89K	USD	Annual
Professional fees	`ProfessionalFees`	$64.89K	USD	Annual
Total operating expense	`OperatingExpenses`	$81.81K	USD	Annual
Total operating expense	`OperatingExpenses`	$373.71K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-81.81K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-373.71K	USD	Annual
Interest income	`InterestIncomeExpenseNet`	-	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$970.00	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$970.00	USD	Annual
Total other income	`NonoperatingIncomeExpense`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-372.74K	USD	Annual
Net loss	`NetIncomeLoss`	$-81.81K	USD	Annual
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDilutedOne`	-	USD	Annual
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDilutedOne`	-	USD	Annual
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDilutedOne`	248.78M	shares	Annual
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDilutedOne`	32.61M	shares	Annual

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-372.74K	USD	Annual
Net Loss	`NetIncomeLoss`	$-81.81K	USD	Annual
Preferred shares issued for services	`PreferredSharesIssuedForServices`	$345.58K	USD	Annual
Preferred shares issued for services	`PreferredSharesIssuedForServices`	-	USD	Annual
Depreciation expense	`Depreciation`	$224.00	USD	Annual
Effect of revere merger	`NoncashMergerRelatedCosts`	$-68.99K	USD	Annual
Effect of revere merger	`NoncashMergerRelatedCosts`	-	USD	Annual
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$2.31K	USD	Annual
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$1.50K	USD	Annual
Interest receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	$1.00	USD	Annual
Interest receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	$1.00	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.91K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$12.50K	USD	Annual
Loan payable related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$99.32K	USD	Annual
Loan payable related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$71.40K	USD	Annual
Contract liability	`IncreaseDecreaseInContractWithCustomerLiability`	-	USD	Annual
Contract liability	`IncreaseDecreaseInContractWithCustomerLiability`	$50.00K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$2.76K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$50.81K	USD	Annual
Fixed asset purchase	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.29K	USD	Annual
Fixed asset purchase	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$2.76K	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.29K	USD	Annual
FOREIGN CURRENCY TRANSLATION	`ForeignCurrencyTranslation`	-	USD	Annual
FOREIGN CURRENCY TRANSLATION	`ForeignCurrencyTranslation`	-	USD	Annual
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.76K	USD	Annual
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$49.52K	USD	Annual
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$52.28K	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 END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$52.28K	USD	Point-in-time
CASH END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.76K	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	Annual
Interest	`InterestPaidNet`	-	USD	Annual
Taxes	`IncomeTaxesPaid`	-	USD	Annual
Taxes	`IncomeTaxesPaid`	-	USD	Annual
Common stock issued in reverse merger	`StockIssued1`	$100.00	USD	Annual
Common stock issued in reverse merger	`StockIssued1`	-	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance December 31, 2020	`StockholdersEquity`	$-263.71K	USD	Point-in-time
Balance December 31, 2020	`StockholdersEquity`	$-167.55K	USD	Point-in-time
Balance December 31, 2020	`StockholdersEquity`	$-345.52K	USD	Point-in-time
Shares issued for services - Series B Preferred	`StockIssuedDuringPeriodValueIssuedForServices`	$54.59K	USD	Annual
Conversion of Series B Preferred stock to Common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Effect of Share exchange and reverse merger	`EffectOfShareExchangeAndReverseMerger`	$-68.99K	USD	Annual
Shares issued for services Series A Preferred stock	`StockIssuedDuringPeriodValueIssuedForServices1`	$290.99K	USD	Annual
Net loss	`NetIncomeLoss`	$-372.74K	USD	Annual
Net loss	`NetIncomeLoss`	$-81.81K	USD	Annual
Balance - December 31, 2021	`StockholdersEquity`	$-263.71K	USD	Point-in-time
Balance - December 31, 2021	`StockholdersEquity`	$-167.55K	USD	Point-in-time
Balance - December 31, 2021	`StockholdersEquity`	$-345.52K	USD	Point-in-time

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