10-Q Filing

KUBER RESOURCES CORP CIK: 1081834 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001214659-23-011561`
Period End Date	20230630
Filing Date	20230821
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	k81423310q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 56 Cash Flow Statement 46 Stockholders Equity 18

Balance Sheet 64 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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	500,000.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$109.19K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$143.36K	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
Advances to suppliers	`AdvancesToSuppliers`	$1.09M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Loan receivable related party	`LoansAndLeasesReceivableRelatedParties`	$65.48K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Loan receivable related party	`LoansAndLeasesReceivableRelatedParties`	$55.17K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	132.61M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$29.70K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	132.61M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.33M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	132.61M	shares	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`	$122.12K	USD	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$424.00	USD	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$637.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.45M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.26M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$187.46K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$130.47K	USD	Point-in-time
Loan payable related party	`LoansPayableCurrent`	$77.78K	USD	Point-in-time
Loan payable related party	`LoansPayableCurrent`	$128.63K	USD	Point-in-time
Operating lease obligation - current	`OperatingLeaseLiabilityCurrent`	$69.45K	USD	Point-in-time
Operating lease obligation - current	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Contract liability	`ContractWithCustomerLiabilityCurrent`	$275.72K	USD	Point-in-time
Contract liability	`ContractWithCustomerLiabilityCurrent`	$229.77K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$483.98K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$615.30K	USD	Point-in-time
Operating lease obligation non current	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease obligation non current	`OperatingLeaseLiabilityNoncurrent`	$52.66K	USD	Point-in-time
Total Non-current liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total Non-current liabilities	`LiabilitiesNoncurrent`	$52.66K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$483.98K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$667.97K	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 June 30, 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 June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$132.61K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$3.92M	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$3.95M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.31M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.29M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$763.21K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-347.49K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$783.19K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$116.92K	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 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 56 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$720.00K	USD	1 Quarter
Sales	`Revenues`	$56.16K	USD	2 Qtrs
Sales	`Revenues`	$875.00K	USD	2 Qtrs
Sales	`Revenues`	$22.98K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$725.00K	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	-	USD	1 Quarter
Cost of sales	`CostOfRevenue`	-	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$601.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$22.98K	USD	1 Quarter
Gross profit	`GrossProfit`	$150.00K	USD	2 Qtrs
Gross profit	`GrossProfit`	$56.16K	USD	2 Qtrs
Gross profit	`GrossProfit`	$119.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.75K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$31.58K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$24.15K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.46K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$42.11K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$40.28K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$11.85K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$6.50K	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$71.86K	USD	2 Qtrs
Total operating expense	`OperatingExpenses`	$47.56K	USD	2 Qtrs
Total operating expense	`OperatingExpenses`	$30.65K	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$14.60K	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$104.40K	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-15.70K	USD	2 Qtrs
Income (Loss) from operations	`OperatingIncomeLoss`	$102.44K	USD	2 Qtrs
Income (Loss) from operations	`OperatingIncomeLoss`	$-7.67K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.90K	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$2.52K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	-	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$-3.90K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$-2.52K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$102.44K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-10.20K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$104.40K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-19.59K	USD	2 Qtrs
Net loss per common share - basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net loss per common share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per common share - basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net loss per common share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per common share - diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net loss per common share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per common share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per common share - diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.10M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.10M	shares	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	132.61M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	132.61M	shares	2 Qtrs
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	132.61M	shares	2 Qtrs
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.10M	shares	2 Qtrs
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	132.61M	shares	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.10M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$102.44K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-10.20K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$104.40K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-19.59K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$212.00	USD	2 Qtrs
Depreciation expense	`Depreciation`	$213.00	USD	2 Qtrs
Amortization of right of use asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$21.75K	USD	2 Qtrs
Amortization of right of use asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	-	USD	2 Qtrs
Shares issued for services	`SharesIssuedForServices`	$30.18K	USD	2 Qtrs
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-3.81K	USD	2 Qtrs
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$5.01K	USD	2 Qtrs
Deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	2 Qtrs
Deposits	`IncreaseDecreaseInDepositOtherAssets`	$23.19K	USD	2 Qtrs
Advances to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	-	USD	2 Qtrs
Advances to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$1.08M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$161.86K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$56.99K	USD	2 Qtrs
Loan payable related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$79.67K	USD	2 Qtrs
Loan payable related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$50.84K	USD	2 Qtrs
Operating lease obligation	`IncreaseDecreaseInOperatingLeaseLiability`	-	USD	2 Qtrs
Operating lease obligation	`IncreaseDecreaseInOperatingLeaseLiability`	$-21.75K	USD	2 Qtrs
Contract liability	`IncreaseDecreaseInContractWithCustomerLiability`	$772.04K	USD	2 Qtrs
Contract liability	`IncreaseDecreaseInContractWithCustomerLiability`	$-45.95K	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$39.23K	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$44.48K	USD	2 Qtrs
Loan to related party	`LoansToRelatedParty`	$-27.22K	USD	2 Qtrs
Loan to related party	`LoansToRelatedParty`	$-10.30K	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-10.30K	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-27.22K	USD	2 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$12.01K	USD	2 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$34.17K	USD	2 Qtrs
CASH BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.36K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$52.28K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$64.29K	USD	Point-in-time
CASH BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$109.19K	USD	Point-in-time
CASH END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.36K	USD	Point-in-time
CASH END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$52.28K	USD	Point-in-time
CASH END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$64.29K	USD	Point-in-time
CASH END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$109.19K	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	2 Qtrs
Interest	`InterestPaidNet`	-	USD	2 Qtrs
Taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Right of use assets	`RightOfUseAssets`	$-122.12K	USD	2 Qtrs
Right of use assets	`RightOfUseAssets`	-	USD	2 Qtrs
Forgiveness of related party debt	`ForgivenessOfRelatedPartyDebt`	$-360.00K	USD	2 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance March 31, 2022	`StockholdersEquity`	$763.21K	USD	Point-in-time
Balance March 31, 2022	`StockholdersEquity`	$-347.49K	USD	Point-in-time
Balance March 31, 2022	`StockholdersEquity`	$783.19K	USD	Point-in-time
Balance March 31, 2022	`StockholdersEquity`	$116.92K	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
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$30.18K	USD	1 Quarter
Net income	`ProfitLoss`	$-1.96K	USD	1 Quarter
Net income	`ProfitLoss`	$-10.20K	USD	1 Quarter
Net income	`ProfitLoss`	$-9.40K	USD	1 Quarter
Net income	`ProfitLoss`	$104.40K	USD	1 Quarter
Forgiveness of related part debt	`ForgivenessOfRelatedPartDebt`	$360.00K	USD	1 Quarter
Balance June 30, 2022	`StockholdersEquity`	$763.21K	USD	Point-in-time
Balance June 30, 2022	`StockholdersEquity`	$-347.49K	USD	Point-in-time
Balance June 30, 2022	`StockholdersEquity`	$783.19K	USD	Point-in-time
Balance June 30, 2022	`StockholdersEquity`	$116.92K	USD	Point-in-time
Balance June 30, 2022	`StockholdersEquity`	$-345.52K	USD	Point-in-time
Balance June 30, 2022	`StockholdersEquity`	$772.61K	USD	Point-in-time

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