10-Q Filing

DBUB GROUP, INC CIK: 1076784 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001607062-17-000203`
Period End Date	20170331
Filing Date	20170519
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	yosn-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 50 Cash Flow Statement 54

Balance Sheet 65 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`	$185.58K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.06M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$135.85K	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$738.61K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.27M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$68.12K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.27M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.06M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$17.38K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$50.87K	USD	Point-in-time
Inventories	`InventoryNet`	$1.27M	USD	Point-in-time
Inventories	`InventoryNet`	$983.89K	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$262.85K	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$358.43K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$592.30K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$586.24K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.92M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$501.62K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$496.56K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$11.34K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$12.60K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$163.02K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$164.93K	USD	Point-in-time
Total assets	`Assets`	$2.59M	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`	$2.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$847.71K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.00M	USD	Point-in-time
Advance from related party	`AdvanceFromRelatedParty`	$107.22K	USD	Point-in-time
Advance from related party	`AdvanceFromRelatedParty`	$160.61K	USD	Point-in-time
Accrued expenses and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$698.08K	USD	Point-in-time
Accrued expenses and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$769.70K	USD	Point-in-time
Advance from customers	`CustomerAdvancesCurrent`	$124.33K	USD	Point-in-time
Advance from customers	`CustomerAdvancesCurrent`	$167.69K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$716.26K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$636.98K	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$5.69M	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$5.47M	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 11,267,918 and 11,057,918 issued and outstanding as of March 31,2017 and December 31, 2016	`CommonStockValue`	$11.06K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 11,267,918 and 11,057,918 issued and outstanding as of March 31,2017 and December 31, 2016	`CommonStockValue`	$11.27K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$28.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$28.44M	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`	$8.21M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$8.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-51.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-50.84M	USD	Point-in-time
Total Yosen Group's stockholders' deficit	`TotalYosenGroupsStockholdersDeficit`	$-2.76M	USD	Point-in-time
Total Yosen Group's stockholders' deficit	`TotalYosenGroupsStockholdersDeficit`	$-2.99M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$114.33K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$163.83K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.88M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.60M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$3.09M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.59M	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`	$1.27M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.85M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$70.73K	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`	$235.97K	USD	1 Quarter
Loss from continuing operations	`OperatingIncomeLoss`	$-165.24K	USD	1 Quarter
Loss from continuing operations	`OperatingIncomeLoss`	$-172.84K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$53.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$229.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$20.81K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$19.87K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$78.98K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$-78.92K	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`	$-244.16K	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`	$-244.16K	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`	$-105.62K	USD	1 Quarter
Net loss including noncontrolling interest	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-214.72K	USD	1 Quarter
Net loss including noncontrolling interest	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-349.79K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-64.83K	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`	$-284.96K	USD	1 Quarter
Foreign currency translation gain attributable to Yosen Group	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-20.89K	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`	$-3.10K	USD	1 Quarter
Foreign currency translation gain attributable to noncontrolling interest	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest`	$-1.04K	USD	1 Quarter
Comprehensive loss attributable to Yosen Group	`ComprehensiveIncomeNetOfTax`	$-305.85K	USD	1 Quarter
Comprehensive loss attributable to Yosen Group	`ComprehensiveIncomeNetOfTax`	$-190.47K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-39.69K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-65.86K	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.02	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.02	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	1 Quarter
Net loss per share	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Net loss per share	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.75M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	11.26M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.26M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.41M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss including noncontrolling interest	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-214.72K	USD	1 Quarter
Net loss including noncontrolling interest	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-349.79K	USD	1 Quarter
Depreciation	`Depreciation`	$1.55K	USD	1 Quarter
Depreciation	`Depreciation`	$15.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$39.67K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-131.07K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-33.90K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-21.52K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-300.57K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-67.61K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-29.99K	USD	1 Quarter
Advance to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$-98.45K	USD	1 Quarter
Advance to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$-453.06K	USD	1 Quarter
Other noncurrent asset	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	1 Quarter
Other noncurrent asset	`IncreaseDecreaseInOtherNoncurrentAssets`	$3.18K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-53.29K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-159.34K	USD	1 Quarter
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilities`	$-103.21K	USD	1 Quarter
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilities`	$-570.11K	USD	1 Quarter
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$-28.32K	USD	1 Quarter
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$-44.67K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-10.22K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$74.39K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-239.47K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-24.25K	USD	1 Quarter
Purchase of property and equipment	`PurchaseOfPropertyAndEquipment`	$-2.29K	USD	1 Quarter
Purchase of property and equipment	`PurchaseOfPropertyAndEquipment`	$-59.81K	USD	1 Quarter
Construction in progress	`ConstructionInProgress`	$-4.52K	USD	1 Quarter
Construction in progress	`ConstructionInProgress`	$-461.90K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-521.71K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.81K	USD	1 Quarter
Proceeds from equity financing	`ProceedsFromIssuanceOfCommonStock`	$214.40K	USD	1 Quarter
Proceeds from equity financing	`ProceedsFromIssuanceOfCommonStock`	$15.33K	USD	1 Quarter
Advance to related party	`AdvanceToRelatedParty`	$30.09K	USD	1 Quarter
Advance to related party	`AdvanceToRelatedParty`	$-54.65K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-39.32K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$244.49K	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`	$2.66K	USD	1 Quarter
Net increase (decrease) in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-553.03K	USD	1 Quarter
Net increase (decrease) in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-67.72K	USD	1 Quarter
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$185.58K	USD	Point-in-time
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`	$68.12K	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$185.58K	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`	$68.12K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	$40.43K	USD	1 Quarter
Interest paid	`InterestPaid`	$54.63K	USD	1 Quarter

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