10-K Filing

DBUB GROUP, INC CIK: 1076784 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001607062-17-000144`
Period End Date	20161231
Filing Date	20170403
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	yosn-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 50 Cash Flow Statement 54 Stockholders Equity 24

Balance Sheet 69 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, 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`	$135.85K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	190,532.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.72M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$738.61K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	66,975.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.06M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.56M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.06M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$50.87K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.72M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$224.79K	USD	Point-in-time
Inventories	`InventoryNet`	$1.27M	USD	Point-in-time
Inventories	`InventoryNet`	$758.75K	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$358.43K	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`	$592.30K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$512.31K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.41M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$38.70K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$501.62K	USD	Point-in-time
Intangible asset	`IntangibleAssetsNetExcludingGoodwill`	$12.60K	USD	Point-in-time
Intangible asset	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$164.93K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Total assets	`Assets`	$3.09M	USD	Point-in-time
Total assets	`Assets`	$3.09M	USD	Point-in-time
Short-term loans	`ShortTermBorrowings`	$2.95M	USD	Point-in-time
Short-term loans	`ShortTermBorrowings`	$2.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$410.99K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.00M	USD	Point-in-time
Accrued expenses and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$658.92K	USD	Point-in-time
Accrued expenses and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$769.70K	USD	Point-in-time
Advance from customers	`CustomerAdvancesCurrent`	$167.69K	USD	Point-in-time
Advance from customers	`CustomerAdvancesCurrent`	$48.13K	USD	Point-in-time
Advance from related party	`OtherPrepaidExpenseCurrent`	-	USD	Point-in-time
Advance from related party	`OtherPrepaidExpenseCurrent`	$-160.61K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$636.98K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$864.84K	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$4.76M	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$5.69M	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 11,057,918 and 9,717,286 issued and outstanding as of December 31, 2016 and December 31, 2015	`CommonStockValue`	$9.72K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 11,057,918 and 9,717,286 issued and outstanding as of December 31, 2016 and December 31, 2015	`CommonStockValue`	$11.06K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$27.83M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$28.37M	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`	$8.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-49.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-50.84M	USD	Point-in-time
Total Yosen Group's stockholders' deficit	`StockholdersEquity`	$-1.96M	USD	Point-in-time
Total Yosen Group's stockholders' deficit	`StockholdersEquity`	$-2.76M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$163.83K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$291.59K	USD	Point-in-time
Accumulated deficit	`CumulativeEarningsDeficit`	$-1.67M	USD	Point-in-time
Accumulated deficit	`CumulativeEarningsDeficit`	$-2.60M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$3.09M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$3.09M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$5.74M	USD	Annual
Net sales	`SalesRevenueNet`	$7.30M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$5.37M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$7.32M	USD	Annual
Gross profit	`GrossProfit`	$-21.53K	USD	Annual
Gross profit	`GrossProfit`	$367.69K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.63M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$742.09K	USD	Annual
Loss from continuing operations	`OperatingIncomeLoss`	$-763.61K	USD	Annual
Loss from continuing operations	`OperatingIncomeLoss`	$-1.26M	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$-1.01K	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$-469.00	USD	Annual
Other income	`OtherIncome`	$8.78K	USD	Annual
Other income	`OtherIncome`	$188.75K	USD	Annual
Other expense	`OtherExpenses`	$431.99K	USD	Annual
Other expense	`OtherExpenses`	$121.13K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$-68.62K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$422.74K	USD	Annual
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.68M	USD	Annual
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-694.99K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-694.99K	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-1.68M	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`	$-132.06K	USD	Annual
Net loss including noncontrolling interest	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-1.82M	USD	Annual
Net loss including noncontrolling interest	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-1.16M	USD	Annual
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-308.24K	USD	Annual
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-47.35K	USD	Annual
Net loss attributable to Yosen Group	`NetLossAttributableToYosenGroup`	$-1.51M	USD	Annual
Net loss attributable to Yosen Group	`NetLossAttributableToYosenGroup`	$-1.12M	USD	Annual
Foreign currency translation gain attributable to Yosen Group	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$135.59K	USD	Annual
Foreign currency translation gain attributable to Yosen Group	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$144.73K	USD	Annual
Foreign currency translation gain attributable to noncontrolling interest	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest`	$16.18K	USD	Annual
Foreign currency translation gain attributable to noncontrolling interest	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest`	$2.70K	USD	Annual
Comprehensive loss attributable to Yosen Group	`ComprehensiveIncomeNetOfTax`	$-981.13K	USD	Annual
Comprehensive loss attributable to Yosen Group	`ComprehensiveIncomeNetOfTax`	$-1.36M	USD	Annual
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-292.06K	USD	Annual
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-44.65K	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.07	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.14	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.05	USD	Annual
Net loss per share	`EarningsPerShareBasic`	$-0.12	USD	Annual
Net loss per share	`EarningsPerShareBasic`	$-0.15	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.85M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.87M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.70M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.19M	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.82M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.16M	USD	Annual
Depreciation	`Depreciation`	$6.20K	USD	Annual
Depreciation	`Depreciation`	$40.92K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$131.25K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-169.60K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-127.87K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-812.45K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$590.87K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-285.39K	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`	$-350.56K	USD	Annual
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$633.53K	USD	Annual
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$100.73K	USD	Annual
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilities`	$1.41K	USD	Annual
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilities`	$95.07K	USD	Annual
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$128.13K	USD	Annual
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$2.47K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$31.18K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-179.21K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.05M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-91.80K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$186.06K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.45K	USD	Annual
Construction in progress	`ConstructionInProgress`	-	USD	Annual
Construction in progress	`ConstructionInProgress`	$-342.95K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-529.01K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.45K	USD	Annual
Proceeds from short term bank loans	`ProceedsFromShortTermDebt`	$1.46M	USD	Annual
Proceeds from short term bank loans	`ProceedsFromShortTermDebt`	$376.33K	USD	Annual
Net proceeds from equity financing	`ProceedsFromIssuanceOfCommonStock`	$323.38K	USD	Annual
Net proceeds from equity financing	`ProceedsFromIssuanceOfCommonStock`	$1.30M	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	$2.98M	USD	Annual
Advance from related party	`AdvanceFromRelatedParty`	$255.58K	USD	Annual
Advance from related party	`AdvanceFromRelatedParty`	$-522.57K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$955.29K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-731.70K	USD	Annual
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$25.36K	USD	Annual
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$8.97K	USD	Annual
Net decrease in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-818.98K	USD	Annual
Net decrease in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-602.37K	USD	Annual
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$135.85K	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$738.61K	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.56M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$135.85K	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$738.61K	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.56M	USD	Point-in-time
Interest paid	`InterestPaid`	$200.57K	USD	Annual
Interest paid	`InterestPaid`	$169.80K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Shares	`CommonStockSharesOutstanding`	11.06M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesOutstanding`	9.72M	shares	Point-in-time
Beginning Balance, Amount	`StockholdersEquityDeficit`	$-2.08M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquityDeficit`	$2.60M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquityDeficit`	$1.67M	USD	Point-in-time
Foreign currency translation adjustments	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$138.29K	USD	Annual
Foreign currency translation adjustments	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$160.91K	USD	Annual
Issuance of common stock for financing, Amount	`StockIssuedDuringPeriodValueOther`	$323.38K	USD	Annual
Issuance of common stock for financing, Amount	`StockIssuedDuringPeriodValueOther`	$1.30M	USD	Annual
Issuance of common stock for warrants exercise, Amount	`IssuanceOfCommonStockForWarrantsExerciseAmount`	$1.30M	USD	Annual
Stock compensation	`ShareBasedCompensation`	$131.25K	USD	Annual
Stock compensation	`ShareBasedCompensation`	-	USD	Annual
Deferred stock compensation, amount	`DeferredStockCompensationAmount`	$402.50K	USD	Annual
Net loss attributable to Yosen Group	`NetLossAttributableToYosenGroup`	$-1.51M	USD	Annual
Net loss attributable to Yosen Group	`NetLossAttributableToYosenGroup`	$-1.12M	USD	Annual
Noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-308.24K	USD	Annual
Noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-47.35K	USD	Annual
Net loss	`NetIncomeLossAttributableToNoncontrollingInterest`	$-308.24K	USD	Annual
Net loss	`NetIncomeLossAttributableToNoncontrollingInterest`	$-47.35K	USD	Annual
Ending Balance, Shares	`CommonStockSharesOutstanding`	11.06M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesOutstanding`	9.72M	shares	Point-in-time
Ending Balance, Amount	`StockholdersEquityDeficit`	$-2.08M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquityDeficit`	$2.60M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquityDeficit`	$1.67M	USD	Point-in-time

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