10-Q Filing

KUBER RESOURCES CORP CIK: 1081834 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001437749-11-005437`
Period End Date	20110630
Filing Date	20110804
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	uoli-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 58 Cash Flow Statement 40 Stockholders Equity 13

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Series A Convertible preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Series A Convertible preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Series A, Convertible preferred stock shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Series A, Convertible preferred stock shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.04K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.37K	USD	Point-in-time
Series A, Convertible preferred stock shares issued	`PreferredStockSharesIssued`	500,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.35K	USD	Point-in-time
Series A, Convertible preferred stock shares issued	`PreferredStockSharesIssued`	500,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.85K	USD	Point-in-time
Accounts receivable, related party	`AccountsReceivableRelatedPartiesCurrent`	$3.85K	USD	Point-in-time
Series A, Convertible preferred stock shares outstanding	`PreferredStockSharesOutstanding`	500,000.00	shares	Point-in-time
Accounts receivable, related party	`AccountsReceivableRelatedPartiesCurrent`	$3.85K	USD	Point-in-time
Series A, Convertible preferred stock shares outstanding	`PreferredStockSharesOutstanding`	500,000.00	shares	Point-in-time
Deposits and other receivables	`OtherAssetsCurrent`	-	USD	Point-in-time
Common stock shares par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposits and other receivables	`OtherAssetsCurrent`	$3.33K	USD	Point-in-time
Common stock shares par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.90K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$23.55K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	2.00M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	2.00M	shares	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$33.19K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	2.00M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	2.00M	shares	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$28.03K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$56.74K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$40.93K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$20.34K	USD	Point-in-time
Amount due to a shareholder	`DueToRelatedPartiesCurrent`	$2.48M	USD	Point-in-time
Amount due to a shareholder	`DueToRelatedPartiesCurrent`	$2.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.50M	USD	Point-in-time
Note payable to a shareholder	`NotesPayableRelatedPartiesNoncurrent`	$167.00K	USD	Point-in-time
Note payable to a shareholder	`NotesPayableRelatedPartiesNoncurrent`	$166.99K	USD	Point-in-time
Total liabilities	`LiabilitiesNoncurrent`	$2.67M	USD	Point-in-time
Total liabilities	`LiabilitiesNoncurrent`	$2.94M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A, Convertible preferred stock, $0.001 par value; 10,000,000 shares authorized, 500,000 shares issued and outstanding, respectively	`PreferredStockValue`	$500.00	USD	Point-in-time
Series A, Convertible preferred stock, $0.001 par value; 10,000,000 shares authorized, 500,000 shares issued and outstanding, respectively	`PreferredStockValue`	$500.00	USD	Point-in-time
Common stock, $0.001 par value; 200,000,000 shares authorized; 1,996,355 shares issued and outstanding, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, $0.001 par value; 200,000,000 shares authorized; 1,996,355 shares issued and outstanding, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$197.57K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$197.57K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.04K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.92K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.82M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-2.61M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-2.89M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$40.93K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$56.74K	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
- Related party	`RevenueFromRelatedParties`	$7.71K	USD	2 Qtrs
- Related party	`RevenueFromRelatedParties`	$3.86K	USD	1 Quarter
- Related party	`RevenueFromRelatedParties`	$7.72K	USD	2 Qtrs
- Related party	`RevenueFromRelatedParties`	$3.86K	USD	1 Quarter
- Non-related party	`OtherSalesRevenueNet`	$2.78K	USD	2 Qtrs
- Non-related party	`OtherSalesRevenueNet`	-	USD	1 Quarter
- Non-related party	`OtherSalesRevenueNet`	-	USD	2 Qtrs
- Non-related party	`OtherSalesRevenueNet`	$641.00	USD	1 Quarter
Total revenues, net	`Revenues`	$10.50K	USD	2 Qtrs
Total revenues, net	`Revenues`	$3.86K	USD	1 Quarter
Total revenues, net	`Revenues`	$4.50K	USD	1 Quarter
Total revenues, net	`Revenues`	$7.71K	USD	2 Qtrs
COST OF REVENUE (exclusive of depreciation)	`CostOfRevenue`	$20.91K	USD	2 Qtrs
COST OF REVENUE (exclusive of depreciation)	`CostOfRevenue`	$7.06K	USD	1 Quarter
COST OF REVENUE (exclusive of depreciation)	`CostOfRevenue`	$10.42K	USD	1 Quarter
COST OF REVENUE (exclusive of depreciation)	`CostOfRevenue`	$19.91K	USD	2 Qtrs
GROSS LOSS	`GrossProfit`	$-2.56K	USD	1 Quarter
GROSS LOSS	`GrossProfit`	$-9.41K	USD	2 Qtrs
GROSS LOSS	`GrossProfit`	$-6.56K	USD	1 Quarter
GROSS LOSS	`GrossProfit`	$-13.20K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$1.54K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$2.25K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$4.41K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$3.07K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$162.41K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$125.52K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$264.55K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$380.41K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$164.66K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$384.82K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$127.06K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$267.63K	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-280.82K	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-133.62K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-394.23K	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-167.22K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-133.62K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-280.82K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-167.22K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-394.23K	USD	2 Qtrs
- Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$118.00	USD	2 Qtrs
- Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$5.21K	USD	1 Quarter
- Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-1.73K	USD	1 Quarter
- Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$7.42K	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-280.70K	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-135.35K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-386.81K	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-162.02K	USD	1 Quarter
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	2 Qtrs
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	2 Qtrs
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Weighted average common shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	2.00M	shares	Point-in-time
Weighted average common shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	2.00M	shares	Point-in-time

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-133.62K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-280.82K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-167.22K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-394.23K	USD	2 Qtrs
Depreciation	`Depreciation`	$39.19K	USD	2 Qtrs
Depreciation	`Depreciation`	$7.18K	USD	2 Qtrs
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$11.58K	USD	2 Qtrs
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Accounts receivable, related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-3.86K	USD	2 Qtrs
Accounts receivable, related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	2 Qtrs
Deposits and other receivables	`IncreaseDecreaseInOtherCurrentAssets`	$16.53K	USD	2 Qtrs
Deposits and other receivables	`IncreaseDecreaseInOtherCurrentAssets`	$3.33K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-13.34K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.54K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-343.33K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-283.65K	USD	2 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$505.00	USD	2 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.02K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.02K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-505.00	USD	2 Qtrs
Advances from a shareholder	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$326.52K	USD	2 Qtrs
Advances from a shareholder	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$278.35K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$278.35K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$326.52K	USD	2 Qtrs
Effect of exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-176.00	USD	2 Qtrs
Effect of exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.00	USD	2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.32K	USD	2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.50K	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$9.04K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$16.37K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$36.35K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$53.85K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$9.04K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$16.37K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$36.35K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$53.85K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance as of January 1, 2011	`StockholdersEquity`	$-2.61M	USD	Point-in-time
Balance as of January 1, 2011	`StockholdersEquity`	$-2.89M	USD	Point-in-time
Balance as of January 1, 2011 (in Shares)	`CommonStockSharesOutstanding`	2.00M	shares	Point-in-time
Balance as of January 1, 2011 (in Shares)	`CommonStockSharesOutstanding`	2.00M	shares	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-133.62K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-280.82K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-167.22K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-394.23K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$118.00	USD	2 Qtrs
Balance as of June 30, 2011	`StockholdersEquity`	$-2.61M	USD	Point-in-time
Balance as of June 30, 2011	`StockholdersEquity`	$-2.89M	USD	Point-in-time
Balance as of June 30, 2011 (in Shares)	`CommonStockSharesOutstanding`	2.00M	shares	Point-in-time
Balance as of June 30, 2011 (in Shares)	`CommonStockSharesOutstanding`	2.00M	shares	Point-in-time

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