10-K Filing

DBUB GROUP, INC CIK: 1076784 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001607062-16-000771`
Period End Date	20151231
Filing Date	20160405
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	yosn-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 54 Cash Flow Statement 56 Stockholders Equity 25

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.76M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	200,926.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.15M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.29M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.56M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$738.61K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.50M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.65M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$356.55K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.29M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.15M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$224.79K	USD	Point-in-time
Inventories	`InventoryNet`	$1.62M	USD	Point-in-time
Inventories	`InventoryNet`	$758.75K	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$1.12M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$725.10K	USD	Point-in-time
Advance to related party	`AdvancesToAffiliate`	-	USD	Point-in-time
Advance to related party	`AdvancesToAffiliate`	$89.75K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$512.31K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$49.45K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.05M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$44.28K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$38.70K	USD	Point-in-time
Total assets	`Assets`	$3.09M	USD	Point-in-time
Total assets	`Assets`	$4.75M	USD	Point-in-time
Short-term loans	`ShortTermBorrowings`	$2.77M	USD	Point-in-time
Short-term loans	`ShortTermBorrowings`	$961.15K	USD	Point-in-time
Notes payable	`NotesPayable`	$3.01M	USD	Point-in-time
Notes payable	`NotesPayable`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$320.40K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$410.99K	USD	Point-in-time
Accrued expenses and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$658.92K	USD	Point-in-time
Accrued expenses and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$678.89K	USD	Point-in-time
Advance from related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Advance from related party	`DueToRelatedPartiesCurrent`	$434.39K	USD	Point-in-time
Advance from customers	`CustomerAdvancesCurrent`	$47.74K	USD	Point-in-time
Advance from customers	`CustomerAdvancesCurrent`	$48.13K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$864.84K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$882.88K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.34M	USD	Point-in-time
Long-term loans	`LongTermDebt`	-	USD	Point-in-time
Long-term loans	`LongTermDebt`	$488.72K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.83M	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 29,147,682 and 25,292,527 issued and outstanding as of December 31, 2015 and 2014	`CommonStockValue`	$828.00M	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 29,147,682 and 25,292,527 issued and outstanding as of December 31, 2015 and 2014	`CommonStockValue`	$29.15K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 29,147,682 and 25,292,527 issued and outstanding as of December 31, 2015 and 2014	`CommonStockValue`	$1.05B	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 29,147,682 and 25,292,527 issued and outstanding as of December 31, 2015 and 2014	`CommonStockValue`	$25.29K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$26.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$27.81M	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$50.00K	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$50.00K	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$11.54M	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$11.54M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$8.05M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$7.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-49.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-48.22M	USD	Point-in-time
Total Yosen Group's stockholders' deficit	`TotalYosenGroupsStockholdersDeficit`	$-2.08M	USD	Point-in-time
Total Yosen Group's stockholders' deficit	`TotalYosenGroupsStockholdersDeficit`	$-1.96M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$291.59K	USD	Point-in-time
Accumulated deficit	`CumulativeEarningsDeficit`	$2.08M	USD	Point-in-time
Accumulated deficit	`CumulativeEarningsDeficit`	$1.67M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$3.09M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$4.75M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$10.90M	USD	Annual
Net sales	`SalesRevenueNet`	$7.30M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$7.32M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$10.59M	USD	Annual
Gross profit	`GrossProfit`	$315.81K	USD	Annual
Gross profit	`GrossProfit`	$672.83K	USD	1 Quarter
Gross profit	`GrossProfit`	$-21.53K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$742.09K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.27M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.67M	USD	1 Quarter
Loss from continuing operations	`OperatingIncomeLoss`	$-954.06K	USD	Annual
Loss from continuing operations	`OperatingIncomeLoss`	$-763.61K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$225.00	USD	Annual
Interest income	`InvestmentIncomeInterest`	$1.01K	USD	Annual
Other income	`OtherNonoperatingIncome`	$188.75K	USD	Annual
Other income	`OtherNonoperatingIncome`	$501.37K	USD	Annual
Other expense	`OtherNonoperatingExpense`	$121.13K	USD	Annual
Other expense	`OtherNonoperatingExpense`	$332.09K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$68.62K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$169.50K	USD	Annual
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-694.99K	USD	Annual
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-784.55K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-823.72K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-784.55K	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-694.99K	USD	Annual
Net loss from discontinued operations, net of income taxes	`DisposalGroupIncludingDiscontinuedOperationNetLossFromDiscontinuedOperationsNetOfIncomeTax`	$-469.08K	USD	Annual
Net loss from discontinued operations, net of income taxes	`DisposalGroupIncludingDiscontinuedOperationNetLossFromDiscontinuedOperationsNetOfIncomeTax`	$-311.42K	USD	Annual
Net loss including noncontrolling interest	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-1.10M	USD	Annual
Net loss including noncontrolling interest	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-1.16M	USD	Annual
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-47.35K	USD	Annual
Net loss attributable to Yosen Group	`NetIncomeLoss`	$-1.10M	USD	1 Quarter
Net loss attributable to Yosen Group	`NetIncomeLoss`	$-1.16M	USD	Annual
Net loss attributable to Yosen Group	`NetIncomeLoss`	$-1.10M	USD	Annual
Foreign currency translation gain attributable to Yosen Group	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$7.22K	USD	Annual
Foreign currency translation gain attributable to Yosen Group	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$135.59K	USD	Annual
Foreign currency translation gain attributable to noncontrolling interest	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest`	$2.70K	USD	Annual
Foreign currency translation gain attributable to noncontrolling interest	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest`	-	USD	Annual
Comprehensive loss attributable to Yosen Group	`ComprehensiveIncomeNetOfTax`	$-981.13K	USD	Annual
Comprehensive loss attributable to Yosen Group	`ComprehensiveIncomeNetOfTax`	$-1.09M	USD	Annual
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-44.65K	USD	Annual
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.03	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.02	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.02	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	Annual
Net loss per share	`EarningsPerShareBasic`	$-0.04	USD	Annual
Net loss per share	`EarningsPerShareBasic`	$-0.04	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.67M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.54M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.57M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.41M	shares	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-1.10M	USD	Annual
Net income (loss)	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-1.16M	USD	Annual
Depreciation	`Depreciation`	$6.45K	USD	Annual
Depreciation	`Depreciation`	$6.20K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$361.45K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$131.25K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$143.43K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-127.87K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-812.45K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$138.52K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-9.36K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$474.09K	USD	Annual
Advance to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$-332.81K	USD	Annual
Advance to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$368.19K	USD	Annual
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$100.73K	USD	Annual
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$103.83K	USD	Annual
Accrued expenses and other payable	`IncreaseDecreaseInAccruedLiabilities`	$1.41K	USD	Annual
Accrued expenses and other payable	`IncreaseDecreaseInAccruedLiabilities`	$480.85K	USD	Annual
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$47.73K	USD	Annual
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$2.47K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$46.93K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$31.18K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-274.18K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-91.80K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.19K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.45K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.19K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.45K	USD	Annual
Proceeds from short-term bank loans	`ProceedsFromShortTermDebt`	-	USD	Annual
Proceeds from short-term bank loans	`ProceedsFromShortTermDebt`	$1.46M	USD	Annual
Net proceeds from equity financing	`ProceedsFromIssuanceOfCommonStock`	$437.50K	USD	Annual
Net proceeds from equity financing	`ProceedsFromIssuanceOfCommonStock`	$1.30M	USD	Annual
Repayment of notes payable	`RepaymentsOfSubordinatedShortTermDebt1`	-	USD	Annual
Repayment of notes payable	`RepaymentsOfSubordinatedShortTermDebt1`	$-2.98M	USD	Annual
Advance to related party	`AdvanceToRelatedParty`	-	USD	Annual
Advance to related party	`AdvanceToRelatedParty`	$-522.57K	USD	Annual
Repayments of short-term loan	`RepaymentsOfSubordinatedShortTermDebt`	-	USD	Annual
Repayments of short-term loan	`RepaymentsOfSubordinatedShortTermDebt`	$-1.64M	USD	Annual
Net proceeds from notes payable	`ProceedsFromNotesPayable`	$1.63M	USD	Annual
Net proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$421.22K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-731.70K	USD	Annual
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$8.97K	USD	Annual
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-5.29K	USD	Annual
Net increase (decrease) in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-818.98K	USD	Annual
Net increase (decrease) in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$131.57K	USD	Annual
Cash and equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.56M	USD	Point-in-time
Cash and equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$738.61K	USD	Point-in-time
Cash and equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time
Cash and equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.56M	USD	Point-in-time
Cash and equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$738.61K	USD	Point-in-time
Cash and equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time
Interest paid	`InterestPaid`	$266.90K	USD	Annual
Interest paid	`InterestPaid`	$200.57K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Shares	`CommonStockSharesOutstanding`	25.29M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesOutstanding`	29.15M	shares	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-1.67M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-1.79M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-2.08M	USD	Point-in-time
Foreign currency translation adjustments	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$138.29K	USD	Annual
Foreign currency translation adjustments	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$7.22K	USD	Annual
Issuance of common stock for financing, Amount	`StockIssuedDuringPeriodValueOther`	$400.00K	USD	Annual
Issuance of common stock for financing, Amount	`StockIssuedDuringPeriodValueOther`	$1.31M	USD	Annual
Issuance of common stock for warrants exercise, Amount	`IssuanceOfCommonStockForWarrantsExerciseAmount`	$37.50K	USD	Annual
Stock compensation	`ShareBasedCompensation`	$361.45K	USD	Annual
Stock compensation	`ShareBasedCompensation`	$131.25K	USD	Annual
Net loss attributable to Yosen Group	`NetIncomeLoss`	$-1.10M	USD	1 Quarter
Net loss attributable to Yosen Group	`NetIncomeLoss`	$-1.16M	USD	Annual
Net loss attributable to Yosen Group	`NetIncomeLoss`	$-1.10M	USD	Annual
Noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-47.35K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.16M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.10M	USD	Annual
Ending Balance, Shares	`CommonStockSharesOutstanding`	25.29M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesOutstanding`	29.15M	shares	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-1.67M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-1.79M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-2.08M	USD	Point-in-time

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