10-Q Filing

KUBER RESOURCES CORP CIK: 1081834 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-021235`
Period End Date	20120630
Filing Date	20141121
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	uoli-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 48 Cash Flow Statement 35 Stockholders Equity 12

Balance Sheet 50 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`	$1.13K	USD	Point-in-time
Series A, Convertible preferred stock shares issued	`PreferredStockSharesIssued`	500,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.40K	USD	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
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
Common stock shares par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$17.91K	USD	Point-in-time
Common stock shares par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$24.36K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$19.04K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$45.76K	USD	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
Common stock shares outstanding	`CommonStockSharesOutstanding`	2.00M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	2.00M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$53.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$20.33K	USD	Point-in-time
Amount due to a shareholder	`DueToRelatedPartiesCurrent`	$3.11M	USD	Point-in-time
Amount due to a shareholder	`DueToRelatedPartiesCurrent`	$3.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.04M	USD	Point-in-time
Note payable to a shareholder	`NotesPayableRelatedPartiesNoncurrent`	$167.55K	USD	Point-in-time
Note payable to a shareholder	`NotesPayableRelatedPartiesNoncurrent`	$167.30K	USD	Point-in-time
Total liabilities	`LiabilitiesNoncurrent`	$3.20M	USD	Point-in-time
Total liabilities	`LiabilitiesNoncurrent`	$3.33M	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 (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.65K	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.89K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.50M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-3.31M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-3.16M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$45.76K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$19.04K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
- Related party	`RevenueFromRelatedParties`	-	USD	2 Qtrs
- Related party	`RevenueFromRelatedParties`	$7.71K	USD	2 Qtrs
- Related party	`RevenueFromRelatedParties`	-	USD	1 Quarter
- Related party	`RevenueFromRelatedParties`	$3.86K	USD	1 Quarter
Total revenues, net	`SalesRevenueNet`	$3.86K	USD	1 Quarter
Total revenues, net	`SalesRevenueNet`	$7.71K	USD	2 Qtrs
COST OF REVENUE (exclusive of depreciation)	`CostOfRevenue`	$10.42K	USD	1 Quarter
COST OF REVENUE (exclusive of depreciation)	`CostOfRevenue`	$20.91K	USD	2 Qtrs
GROSS LOSS	`GrossProfit`	$-13.20K	USD	2 Qtrs
GROSS LOSS	`GrossProfit`	$-6.56K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.54K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$3.07K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.15K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$264.55K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$147.05K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$125.52K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.15K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$127.06K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$147.05K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$267.63K	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-147.05K	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.15K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-133.62K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-280.82K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-147.05K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-6.15K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-133.62K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-280.82K	USD	2 Qtrs
- Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.73K	USD	1 Quarter
- Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-2.98K	USD	1 Quarter
- Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-4.75K	USD	2 Qtrs
- Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$118.00	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-151.80K	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-135.35K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-280.70K	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-9.14K	USD	1 Quarter
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	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`	$-0.07	USD	2 Qtrs
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)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.00M	shares	1 Quarter
Weighted average common shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.00M	shares	2 Qtrs
Weighted average common shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.00M	shares	1 Quarter
Weighted average common shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.00M	shares	2 Qtrs

Cash Flow Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-147.05K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.15K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.62K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-280.82K	USD	2 Qtrs
Depreciation	`Depreciation`	$6.48K	USD	2 Qtrs
Depreciation	`Depreciation`	$3.24K	USD	1 Quarter
Depreciation	`Depreciation`	$3.62K	USD	1 Quarter
Depreciation	`Depreciation`	$7.18K	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`	$32.67K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-107.90K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-283.65K	USD	2 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.02K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.02K	USD	2 Qtrs
Advances from a shareholder	`ProceedsFromContributionsFromAffiliates`	$278.35K	USD	2 Qtrs
Advances from a shareholder	`ProceedsFromContributionsFromAffiliates`	$87.61K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$87.61K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$278.35K	USD	2 Qtrs
Effect of exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$22.00	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`	$-20.27K	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.13K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$21.40K	USD	Point-in-time
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, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.13K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$21.40K	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 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 12 line items

Line Item	Tag	Value	Unit	Period
Balance as of January 1, 2012	`StockholdersEquity`	$-3.31M	USD	Point-in-time
Balance as of January 1, 2012	`StockholdersEquity`	$-3.16M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-147.05K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-6.15K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-133.62K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-280.82K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.73K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-2.98K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-4.75K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$118.00	USD	2 Qtrs
Balance as of June 30, 2012	`StockholdersEquity`	$-3.31M	USD	Point-in-time
Balance as of June 30, 2012	`StockholdersEquity`	$-3.16M	USD	Point-in-time

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