10-Q Filing

KUBER RESOURCES CORP CIK: 1081834 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001437749-11-008366`
Period End Date	20110930
Filing Date	20111110
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	uoli-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 60 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`	$5.68K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.83K	USD	Point-in-time
Series A, Convertible preferred stock shares issued	`PreferredStockSharesIssued`	500,000.00	shares	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.37K	USD	Point-in-time
Accounts receivable, related party	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Series A, Convertible preferred stock shares outstanding	`PreferredStockSharesOutstanding`	500,000.00	shares	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
Common stock shares par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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`	-	USD	Point-in-time
Deposits and other receivables	`OtherAssetsCurrent`	$3.33K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.55K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$14.83K	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`	$27.93K	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`	$33.19K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$42.75K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$56.74K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$20.34K	USD	Point-in-time
Amount due to a shareholder	`DueToRelatedPartiesCurrent`	$2.88M	USD	Point-in-time
Amount due to a shareholder	`DueToRelatedPartiesCurrent`	$2.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.89M	USD	Point-in-time
Note payable to a shareholder	`NotesPayableRelatedPartiesNoncurrent`	$167.00K	USD	Point-in-time
Note payable to a shareholder	`NotesPayableRelatedPartiesNoncurrent`	$166.78K	USD	Point-in-time
Total liabilities	`LiabilitiesNoncurrent`	$2.67M	USD	Point-in-time
Total liabilities	`LiabilitiesNoncurrent`	$3.06M	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`	$7.67K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.92K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.82M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.22M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-2.61M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-3.02M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$42.75K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$56.74K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
- Related party	`RevenueFromRelatedParties`	$3.85K	USD	1 Quarter
- Related party	`RevenueFromRelatedParties`	$11.58K	USD	3 Qtrs
- Related party	`RevenueFromRelatedParties`	$11.56K	USD	3 Qtrs
- Related party	`RevenueFromRelatedParties`	$3.86K	USD	1 Quarter
- Non-related party	`OtherSalesRevenueNet`	$2.78K	USD	3 Qtrs
- Non-related party	`OtherSalesRevenueNet`	-	USD	1 Quarter
- Non-related party	`OtherSalesRevenueNet`	-	USD	1 Quarter
- Non-related party	`OtherSalesRevenueNet`	-	USD	3 Qtrs
Total revenues, net	`Revenues`	$11.56K	USD	3 Qtrs
Total revenues, net	`Revenues`	$14.36K	USD	3 Qtrs
Total revenues, net	`Revenues`	$3.85K	USD	1 Quarter
Total revenues, net	`Revenues`	$3.86K	USD	1 Quarter
COST OF REVENUE (exclusive of depreciation)	`CostOfRevenue`	$10.44K	USD	1 Quarter
COST OF REVENUE (exclusive of depreciation)	`CostOfRevenue`	$10.40K	USD	1 Quarter
COST OF REVENUE (exclusive of depreciation)	`CostOfRevenue`	$30.35K	USD	3 Qtrs
COST OF REVENUE (exclusive of depreciation)	`CostOfRevenue`	$31.30K	USD	3 Qtrs
GROSS LOSS	`GrossProfit`	$-6.58K	USD	1 Quarter
GROSS LOSS	`GrossProfit`	$-6.55K	USD	1 Quarter
GROSS LOSS	`GrossProfit`	$-15.99K	USD	3 Qtrs
GROSS LOSS	`GrossProfit`	$-19.75K	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$4.61K	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$1.54K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$5.95K	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$1.53K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$136.10K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$380.88K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$516.51K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$116.33K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$522.46K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$385.49K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$117.86K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$137.64K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-144.22K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-405.24K	USD	3 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-538.45K	USD	3 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-124.41K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-538.45K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-144.22K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-124.41K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-405.24K	USD	3 Qtrs
- Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-261.00	USD	3 Qtrs
- Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$3.74K	USD	3 Qtrs
- Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$3.63K	USD	1 Quarter
- Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-7.68K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-120.79K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-151.90K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-401.49K	USD	3 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-538.71K	USD	3 Qtrs
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	3 Qtrs
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.27	USD	3 Qtrs
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Weighted average common shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfBasicAndDilutedSharesOutstanding`	2.00M	shares	1 Quarter
Weighted average common shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfBasicAndDilutedSharesOutstanding`	2.00M	shares	3 Qtrs
Weighted average common shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfBasicAndDilutedSharesOutstanding`	2.00M	shares	3 Qtrs
Weighted average common shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfBasicAndDilutedSharesOutstanding`	2.00M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-538.45K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-144.22K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-124.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-405.24K	USD	3 Qtrs
Depreciation	`Depreciation`	$10.92K	USD	3 Qtrs
Depreciation	`Depreciation`	$58.80K	USD	3 Qtrs
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
Accounts receivable, trade	`IncreaseDecreaseInAccountsReceivable`	$11.60K	USD	3 Qtrs
Accounts receivable, related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-3.87K	USD	3 Qtrs
Accounts receivable, related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$3.85K	USD	3 Qtrs
Deposits and other receivables	`IncreaseDecreaseInOtherCurrentAssets`	$3.33K	USD	3 Qtrs
Deposits and other receivables	`IncreaseDecreaseInOtherCurrentAssets`	$16.81K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-17.99K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.34K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-393.48K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-473.10K	USD	3 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$505.00	USD	3 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.69K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.69K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-505.00	USD	3 Qtrs
Advances from a shareholder	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$397.65K	USD	3 Qtrs
Advances from a shareholder	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$426.33K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$426.33K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$397.65K	USD	3 Qtrs
Effect of exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-900.00	USD	3 Qtrs
Effect of exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-22.00	USD	3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.54K	USD	3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-48.17K	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.68K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$14.83K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$53.85K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$16.37K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.68K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$14.83K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$53.85K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$16.37K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance as of January 1, 2011 (in Dollars)	`StockholdersEquity`	$-2.61M	USD	Point-in-time
Balance as of January 1, 2011 (in Dollars)	`StockholdersEquity`	$-3.02M	USD	Point-in-time
Balance as of January 1, 2011	`CommonStockSharesOutstanding`	2.00M	shares	Point-in-time
Balance as of January 1, 2011	`CommonStockSharesOutstanding`	2.00M	shares	Point-in-time
Net loss for the period (in Dollars)	`NetIncomeLoss`	$-538.45K	USD	3 Qtrs
Net loss for the period (in Dollars)	`NetIncomeLoss`	$-144.22K	USD	1 Quarter
Net loss for the period (in Dollars)	`NetIncomeLoss`	$-124.41K	USD	1 Quarter
Net loss for the period (in Dollars)	`NetIncomeLoss`	$-405.24K	USD	3 Qtrs
Foreign currency translation adjustment (in Dollars)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$3.74K	USD	3 Qtrs
Balance as of September 30, 2011 (in Dollars)	`StockholdersEquity`	$-2.61M	USD	Point-in-time
Balance as of September 30, 2011 (in Dollars)	`StockholdersEquity`	$-3.02M	USD	Point-in-time
Balance as of September 30, 2011	`CommonStockSharesOutstanding`	2.00M	shares	Point-in-time
Balance as of September 30, 2011	`CommonStockSharesOutstanding`	2.00M	shares	Point-in-time

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