10-Q Filing

KUBER RESOURCES CORP CIK: 1081834 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001214659-23-007647`
Period End Date	20230331
Filing Date	20230522
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	u52123010q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 24 Cash Flow Statement 43 Stockholders Equity 11

Balance Sheet 60 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`	10.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	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	`CashAndCashEquivalentsAtCarryingValue`	$109.19K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$119.04K	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
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
Advances to suppliers	`AdvancesToSuppliers`	$1.09M	USD	Point-in-time
Advances to suppliers	`AdvancesToSuppliers`	$1.09M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$93.05K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$55.17K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	132.61M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	132.61M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.30M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	132.61M	shares	Point-in-time
Right of use asset operating lease	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Right of use asset operating lease	`OperatingLeaseRightOfUseAsset`	$143.87K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	132.61M	shares	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$531.00	USD	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$637.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.26M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.45M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$163.72K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$130.47K	USD	Point-in-time
Loan payable related party	`LoansPayableCurrent`	$91.48K	USD	Point-in-time
Loan payable related party	`LoansPayableCurrent`	$77.78K	USD	Point-in-time
Operating lease obligation - current	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Operating lease obligation - current	`OperatingLeaseLiabilityCurrent`	$69.33K	USD	Point-in-time
Contract liability	`ContractWithCustomerLiabilityCurrent`	$275.72K	USD	Point-in-time
Contract liability	`ContractWithCustomerLiabilityCurrent`	$252.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$577.28K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$483.98K	USD	Point-in-time
Operating lease obligation non current	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease obligation non current	`OperatingLeaseLiabilityNoncurrent`	$75.91K	USD	Point-in-time
Total Non-current liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total Non-current liabilities	`LiabilitiesNoncurrent`	$75.91K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$653.19K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$483.98K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.001 per share; 1,000,000,000 shares authorized; 132,612,842 and 132,606,582 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$132.61K	USD	Point-in-time
Common stock, par value $0.001 per share; 1,000,000,000 shares authorized; 132,612,842 and 132,606,582 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$132.61K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$3.95M	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$3.92M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.30M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.29M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$793.39K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-345.52K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$772.61K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-347.49K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.26M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.45M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$155.00K	USD	1 Quarter
Sales	`Revenues`	$33.18K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	-	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$124.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$33.18K	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`	$7.43K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$33.78K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$30.26K	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$32.96K	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$41.21K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.96K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.02K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$1.37K	USD	1 Quarter
Total other (expense)	`NonoperatingIncomeExpense`	$-1.37K	USD	1 Quarter
Total other (expense)	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.40K	USD	1 Quarter
Net loss per common share basic and diluted	`NetLossPerCommonShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share basic and diluted	`NetLossPerCommonShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding basic and diluted	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	32.61M	shares	1 Quarter
Weighted average common shares outstanding basic and diluted	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	132.61M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.96K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-9.40K	USD	1 Quarter
Depreciation expense	`Depreciation`	$106.00	USD	1 Quarter
Depreciation expense	`Depreciation`	$105.00	USD	1 Quarter
Amortization of right of use asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	-	USD	1 Quarter
Amortization of right of use asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$2.07K	USD	1 Quarter
Shares issued for services	`SharesIssuedForServices`	$30.18K	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-1.50K	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-2.50K	USD	1 Quarter
Deposits	`IncreaseDecreaseInDeposits`	-	USD	1 Quarter
Deposits	`IncreaseDecreaseInDeposits`	$-27.67K	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	-	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$129.90K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$33.25K	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`	$13.69K	USD	1 Quarter
Operating lease obligation	`IncreaseDecreaseInOperatingLeaseLiability`	-	USD	1 Quarter
Operating lease obligation	`IncreaseDecreaseInOperatingLeaseLiability`	$-696.00	USD	1 Quarter
Contract liability	`IncreaseDecreaseInContractWithCustomerLiability`	$-22.98K	USD	1 Quarter
Contract liability	`IncreaseDecreaseInContractWithCustomerLiability`	$445.75K	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$20.06K	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$411.17K	USD	1 Quarter
Loan to related party	`LoansToRelatedParty`	-	USD	1 Quarter
Loan to related party	`LoansToRelatedParty`	$-10.21K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-10.21K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$411.17K	USD	1 Quarter
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$9.85K	USD	1 Quarter
CASH BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$463.45K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$109.19K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$52.28K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$119.04K	USD	Point-in-time
CASH END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$463.45K	USD	Point-in-time
CASH END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$109.19K	USD	Point-in-time
CASH END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$52.28K	USD	Point-in-time
CASH END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$119.04K	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	1 Quarter
Interest	`InterestPaidNet`	-	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Right of use assets	`RightOfUseAssets`	-	USD	1 Quarter
Right of use assets	`RightOfUseAssets`	$-145.94K	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance - December 31, 2021	`StockholdersEquity`	$793.39K	USD	Point-in-time
Balance - December 31, 2021	`StockholdersEquity`	$-345.52K	USD	Point-in-time
Balance - December 31, 2021	`StockholdersEquity`	$772.61K	USD	Point-in-time
Balance - December 31, 2021	`StockholdersEquity`	$-347.49K	USD	Point-in-time
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$30.18K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-1.96K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-9.40K	USD	1 Quarter
Balance March 31, 2022	`StockholdersEquity`	$793.39K	USD	Point-in-time
Balance March 31, 2022	`StockholdersEquity`	$-345.52K	USD	Point-in-time
Balance March 31, 2022	`StockholdersEquity`	$772.61K	USD	Point-in-time
Balance March 31, 2022	`StockholdersEquity`	$-347.49K	USD	Point-in-time

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