10-Q Filing

KUBER RESOURCES CORP CIK: 1081834 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001214659-22-007292`
Period End Date	20220331
Filing Date	20220523
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	u51822210q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 19 Cash Flow Statement 35 Stockholders Equity 10

Balance Sheet 54 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`	$463.45K	USD	Point-in-time
Cash	`Cash`	$52.28K	USD	Point-in-time
Advances to suppliers	`AdvancesToSuppliers`	$129.90K	USD	Point-in-time
Advances to suppliers	`AdvancesToSuppliers`	-	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`	$3.81K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.31K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$56.09K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$594.66K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	32.61M	shares	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$960.00	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	32.61M	shares	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$1.06K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	32.61M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	32.61M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$595.62K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$57.15K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$32.16K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.41K	USD	Point-in-time
Loan payable related party	`LoansPayableCurrent`	$170.71K	USD	Point-in-time
Loan payable related party	`LoansPayableCurrent`	$247.63K	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`	$50.00K	USD	Point-in-time
Contract liability	`ContractWithCustomerLiabilityCurrent`	$495.75K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$943.11K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$402.67K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	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, 2022 and December 31, 2021	`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, 2022 and December 31, 2021	`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 March 31, 2022 and December 31, 2021	`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 March 31, 2022 and December 31, 2021	`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`	$-4.05M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-4.04M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-290.23K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-347.49K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-263.71K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-345.52K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$595.62K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$57.15K	USD	Point-in-time

Income Statement 19 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$155.00K	USD	1 Quarter
Sales	`Revenues`	-	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$124.00K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$31.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.71K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.21K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$19.30K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$30.26K	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$32.96K	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$26.51K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-26.51K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.51K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.96K	USD	1 Quarter
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDilutedOne`	-	USD	1 Quarter
Net loss per common share basic and diluted	`EarningsPerShareBasicAndDilutedOne`	-	USD	1 Quarter
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDilutedOne`	32.61M	shares	1 Quarter
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDilutedOne`	32.61M	shares	1 Quarter

Cash Flow Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-26.51K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.96K	USD	1 Quarter
Depreciation expense	`Depreciation`	$105.00	USD	1 Quarter
Depreciation expense	`Depreciation`	-	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-2.50K	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-1.75K	USD	1 Quarter
Advances to suppliers	`AdvancesToSuppliers1`	$-129.90K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$17.76K	USD	1 Quarter
Loan payable related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$76.92K	USD	1 Quarter
Loan payable related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$24.76K	USD	1 Quarter
Contract liability	`IncreaseDecreaseInContractWithCustomerLiability`	$445.75K	USD	1 Quarter
Contract liability	`IncreaseDecreaseInContractWithCustomerLiability`	-	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$411.17K	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
PaymentsForProceedsFromOtherInvestingActivities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
PaymentsForProceedsFromOtherInvestingActivities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	-	USD	1 Quarter
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$411.17K	USD	1 Quarter
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.76K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.76K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$463.45K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$52.28K	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
CASH END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$463.45K	USD	Point-in-time
CASH END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$52.28K	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`	-	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance - December 31, 2020	`StockholdersEquity`	$-290.23K	USD	Point-in-time
Balance - December 31, 2020	`StockholdersEquity`	$-347.49K	USD	Point-in-time
Balance - December 31, 2020	`StockholdersEquity`	$-263.71K	USD	Point-in-time
Balance - December 31, 2020	`StockholdersEquity`	$-345.52K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-26.51K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.96K	USD	1 Quarter
Balance March 31, 2021	`StockholdersEquity`	$-290.23K	USD	Point-in-time
Balance March 31, 2021	`StockholdersEquity`	$-347.49K	USD	Point-in-time
Balance March 31, 2021	`StockholdersEquity`	$-263.71K	USD	Point-in-time
Balance March 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.