10-Q Filing

DBUB GROUP, INC CIK: 1076784 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001607062-16-000847`
Period End Date	20160331
Filing Date	20160516
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	yosn-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 50 Cash Flow Statement 58

Balance Sheet 67 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
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$738.61K	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$185.58K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.15M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.72M	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
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$90.10K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.65M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.56M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.72M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$93.26K	USD	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`	$758.75K	USD	Point-in-time
Inventories	`InventoryNet`	$741.96K	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$239.40K	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$725.10K	USD	Point-in-time
Advance to related party	`AdvancesToAffiliate`	$89.75K	USD	Point-in-time
Advance to related party	`AdvancesToAffiliate`	$59.83K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$543.55K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$512.31K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.86M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.05M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$38.70K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$566.31K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.12K	USD	Point-in-time
Total assets	`Assets`	$3.09M	USD	Point-in-time
Total assets	`Assets`	$2.43M	USD	Point-in-time
Short-term loans	`ShortTermBorrowings`	$2.77M	USD	Point-in-time
Short-term loans	`ShortTermBorrowings`	$2.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$410.99K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$358.30K	USD	Point-in-time
Accrued expenses and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$658.92K	USD	Point-in-time
Accrued expenses and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$86.95K	USD	Point-in-time
Advance from customers	`CustomerAdvancesCurrent`	$48.13K	USD	Point-in-time
Advance from customers	`CustomerAdvancesCurrent`	$19.77K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$864.84K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$860.22K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.76M	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 29,719,277 and 29,147,682 issued and outstanding as of March 31, 2016 and December 31, 2015	`CommonStockValue`	$29.72K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 29,719,277 and 29,147,682 issued and outstanding as of March 31, 2016 and December 31, 2015	`CommonStockValue`	$29.15K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 29,719,277 and 29,147,682 issued and outstanding as of March 31, 2016 and December 31, 2015	`CommonStockValue`	$828.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$27.81M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$27.95M	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$86.21K	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`	$8.03M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$8.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-49.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-49.52M	USD	Point-in-time
Total Yosen Group's stockholders' deficit	`TotalYosenGroupsStockholdersDeficit`	$-1.96M	USD	Point-in-time
Total Yosen Group's stockholders' deficit	`TotalYosenGroupsStockholdersDeficit`	$-2.05M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$362.71K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$291.59K	USD	Point-in-time
Accumulated deficit	`CumulativeEarningsDeficit`	$1.68M	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`	$2.43M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.87M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$2.41M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.85M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.37M	USD	1 Quarter
Gross profit	`GrossProfit`	$42.27K	USD	1 Quarter
Gross profit	`GrossProfit`	$23.64K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$196.48K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$218.58K	USD	1 Quarter
Loss from continuing operations	`OperatingIncomeLoss`	$-176.31K	USD	1 Quarter
Loss from continuing operations	`OperatingIncomeLoss`	$-172.84K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$229.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$20.81K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$58.89K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$19.87K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$27.21K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$31.96K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$1.17K	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-171.67K	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-144.35K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-171.67K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-144.35K	USD	1 Quarter
Net loss from discontinued operations, net of income taxes	`DisposalGroupIncludingDiscontinuedOperationNetLossFromDiscontinuedOperationsNetOfIncomeTax`	$-43.05K	USD	1 Quarter
Net loss from discontinued operations, net of income taxes	`DisposalGroupIncludingDiscontinuedOperationNetLossFromDiscontinuedOperationsNetOfIncomeTax`	$-114.53K	USD	1 Quarter
Net loss including noncontrolling interest	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-214.72K	USD	1 Quarter
Net loss including noncontrolling interest	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-258.88K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-36.59K	USD	1 Quarter
Net loss attributable to Yosen Group	`NetIncomeLoss`	$-178.13K	USD	1 Quarter
Net loss attributable to Yosen Group	`NetIncomeLoss`	$-258.88K	USD	1 Quarter
Foreign currency translation gain attributable to Yosen Group	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-11.39K	USD	1 Quarter
Foreign currency translation gain attributable to Yosen Group	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-12.34K	USD	1 Quarter
Foreign currency translation gain attributable to noncontrolling interest	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Foreign currency translation gain attributable to noncontrolling interest	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest`	$-3.10K	USD	1 Quarter
Comprehensive loss attributable to Yosen Group	`ComprehensiveIncomeNetOfTax`	$-190.47K	USD	1 Quarter
Comprehensive loss attributable to Yosen Group	`ComprehensiveIncomeNetOfTax`	$-270.27K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-39.69K	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Net loss per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.28M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	29.24M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.24M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.86M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-214.72K	USD	1 Quarter
Net income (loss)	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-258.88K	USD	1 Quarter
Depreciation	`Depreciation`	$2.64K	USD	1 Quarter
Depreciation	`Depreciation`	$1.55K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$87.50K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$20.52K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-131.07K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-21.52K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-247.36K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-29.99K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.66K	USD	1 Quarter
Advance to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$-453.06K	USD	1 Quarter
Advance to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$-579.99K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-56.23K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-53.29K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-570.11K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-63.00K	USD	1 Quarter
Advances from related party	`ProceedsFromRelatedPartyDebt`	$477.05K	USD	1 Quarter
Advances from related party	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$2.98K	USD	1 Quarter
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$-28.32K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-10.22K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$12.76K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-239.47K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$64.20K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$59.81K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Construction in progress	`ConstructionInProgress`	$-461.90K	USD	1 Quarter
Construction in progress	`ConstructionInProgress`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-521.71K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from equity financing	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from equity financing	`ProceedsFromIssuanceOfCommonStock`	$214.40K	USD	1 Quarter
Advance to related party	`AdvanceToRelatedParty`	-	USD	1 Quarter
Advance to related party	`AdvanceToRelatedParty`	$30.09K	USD	1 Quarter
Repayments of short-term loan	`RepaymentsOfSubordinatedShortTermDebt`	$-146.68K	USD	1 Quarter
Repayments of short-term loan	`RepaymentsOfSubordinatedShortTermDebt`	-	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$1.39M	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$244.49K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.53M	USD	1 Quarter
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-36.35K	USD	1 Quarter
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$309.00	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.47M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-553.03K	USD	1 Quarter
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$738.61K	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$185.58K	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$90.10K	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.56M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$738.61K	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$185.58K	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$90.10K	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.56M	USD	Point-in-time
Interest paid	`InterestPaid`	$40.43K	USD	1 Quarter
Interest paid	`InterestPaid`	$90.33K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter

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