10-K Filing

DBUB GROUP, INC CIK: 1076784 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001607062-19-000158`
Period End Date	20181231
Filing Date	20190416
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	dbub-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 50 Cash Flow Statement 64 Stockholders Equity 21

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, 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`	11.27M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$135.85K	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.05K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.94M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.27M	shares	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.94M	shares	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$305.52K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$317.33K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$235.26K	USD	Point-in-time
Refundable deposit	`RefundableDeposit`	$606.34K	USD	Point-in-time
Refundable deposit	`RefundableDeposit`	-	USD	Point-in-time
Advances to suppliers	`AdvancesToSuppliers`	-	USD	Point-in-time
Advances to suppliers	`AdvancesToSuppliers`	$105.82K	USD	Point-in-time
Advance to related party	`AdvancesToRelatedParty`	-	USD	Point-in-time
Advance to related party	`AdvancesToRelatedParty`	$33.69K	USD	Point-in-time
Current assets in discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$734.38K	USD	Point-in-time
Current assets in discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.84M	USD	Point-in-time
Fix assets, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Fix assets, net	`PropertyPlantAndEquipmentNet`	$108.01K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$20.35K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Non-current asset in discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	-	USD	Point-in-time
Non-current asset in discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	$500.36K	USD	Point-in-time
Total assets	`Assets`	$1.58M	USD	Point-in-time
Total assets	`Assets`	$2.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.84K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Advance from related party	`AdvanceFromRelatedParty`	-	USD	Point-in-time
Advance from related party	`AdvanceFromRelatedParty`	$3.23M	USD	Point-in-time
Accrued expenses and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$143.29K	USD	Point-in-time
Accrued expenses and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$402.98K	USD	Point-in-time
Advance from customers	`AdvanceFromCustomers`	-	USD	Point-in-time
Advance from customers	`AdvanceFromCustomers`	$4.36K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$990.00	USD	Point-in-time
Current liabilities in discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$5.59M	USD	Point-in-time
Current liabilities in discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	-	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$3.65M	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$5.74M	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 20,935,106 and 11,267,918 issued and outstanding as of December 31, 2018 and 2017	`CommonStockValue`	$20.93K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 20,935,106 and 11,267,918 issued and outstanding as of December 31, 2018 and 2017	`CommonStockValue`	$11.27K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$29.15M	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`	-	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	-	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$11.54M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$7.95M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$22.94K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-51.98M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.87M	USD	Point-in-time
Total DBUB Group stockholders' deficit	`TotalYosenGroupsStockholdersDeficit`	$-682.99K	USD	Point-in-time
Total DBUB Group stockholders' deficit	`TotalYosenGroupsStockholdersDeficit`	$-4.08M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-81.30K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-682.99K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-4.16M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.58M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.97M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenuesNetOfInterestExpense`	-	USD	Annual
Revenue	`RevenuesNetOfInterestExpense`	-	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	-	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	-	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$647.03K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$276.52K	USD	Annual
Loss from conitnuing operations	`OperatingIncomeLoss`	$-647.03K	USD	Annual
Loss from conitnuing operations	`OperatingIncomeLoss`	$-276.52K	USD	Annual
Interest income	`InterestIncome`	-	USD	Annual
Interest income	`InterestIncome`	$-795.00	USD	Annual
Other income	`OtherIncome`	$-11.86K	USD	Annual
Other income	`OtherIncome`	$-126.00K	USD	Annual
Other expense	`OtherExpense`	$427.79K	USD	Annual
Other expense	`OtherExpense`	$1.17K	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$415.14K	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-124.84K	USD	Annual
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.06M	USD	Annual
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-151.68K	USD	Annual
Provision for income taxes	`ProvisionForIncomeTaxes`	$2.12K	USD	Annual
Provision for income taxes	`ProvisionForIncomeTaxes`	-	USD	Annual
Net gain/(loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-153.81K	USD	Annual
Net gain/(loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-1.06M	USD	Annual
Net gain (loss) from discontinued operatios, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$3.86M	USD	Annual
Net gain (loss) from discontinued operatios, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-1.24M	USD	Annual
Net gain/(loss) including noncontrolling interest	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.39M	USD	Annual
Net gain/(loss) including noncontrolling interest	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$2.79M	USD	Annual
Net gain/(loss) attributable to noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Net gain/(loss) attributable to noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-254.27K	USD	Annual
Net gain/(loss) attributable to DBUB Group	`NetIncomeLoss`	$2.79M	USD	Annual
Net gain/(loss) attributable to DBUB Group	`NetIncomeLoss`	$-1.14M	USD	Annual
Foreign currency translation loss attributable to DBUB Group	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$22.94K	USD	Annual
Foreign currency translation loss attributable to DBUB Group	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$256.06K	USD	Annual
Foreign currency translation loss attributable to noncontrolling interest	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest`	$-6.19K	USD	Annual
Foreign currency translation loss attributable to noncontrolling interest	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest`	-	USD	Annual
Comprehensive loss attributable to DBUB Group	`ComprehensiveIncomeNetOfTax`	$-1.39M	USD	Annual
Comprehensive loss attributable to DBUB Group	`ComprehensiveIncomeNetOfTax`	$2.82M	USD	Annual
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	Annual
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-260.46K	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.06	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.22	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.11	USD	Annual
Net earnings (loss) per share	`EarningsPerShareBasic`	$0.16	USD	Annual
Net earnings (loss) per share	`EarningsPerShareBasic`	$-0.12	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.40M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	11.26M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.26M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.40M	shares	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.39M	USD	Annual
Net income (loss)	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$2.79M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$158.67K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$158.67K	USD	Annual
Depreciation and amortization - discontinued operations	`Depreciation`	$64.75K	USD	Annual
Depreciation and amortization - discontinued operations	`Depreciation`	$37.99K	USD	Annual
Net gain on disposal of discontinued operation	`NetGainOnDisposalOfDiscontinuedOperation`	$-4.08M	USD	Annual
Net gain on disposal of discontinued operation	`NetGainOnDisposalOfDiscontinuedOperation`	$-3.51K	USD	Annual
Gain from relief of accounts payable - discontinued operations	`GainFromReliefOfAccountsPayableDiscontinuedOperations`	$-126.00K	USD	Annual
Gain from relief of accounts payable - discontinued operations	`GainFromReliefOfAccountsPayableDiscontinuedOperations`	-	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	$-303.29K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$600.56K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	Annual
Advance to suppliers	`AdvanceToSuppliers`	-	USD	Annual
Advance to suppliers	`AdvanceToSuppliers`	$-110.03K	USD	Annual
Change in assets of discontinued operations	`ChangeInAssetsOfDiscontinuedOperations`	$269.15K	USD	Annual
Change in assets of discontinued operations	`ChangeInAssetsOfDiscontinuedOperations`	$1.52M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$12.31K	USD	Annual
Accrued expenses and other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$76.29K	USD	Annual
Accrued expenses and other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$151.94K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.03K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	Annual
Change in liabilities of discontinued operations	`ChangeInLiabilitiesOfDiscontinuedOperations`	$787.95K	USD	Annual
Change in liabilities of discontinued operations	`ChangeInLiabilitiesOfDiscontinuedOperations`	$-686.21K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-878.12K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-386.24K	USD	Annual
Purchase of property and equipment	`PurchaseOfPropertyAndEquipment`	-	USD	Annual
Purchase of property and equipment	`PurchaseOfPropertyAndEquipment`	$-111.63K	USD	Annual
Payment for intangible asset	`PaymentsToAcquireIntangibleAssets`	$21.16K	USD	Annual
Payment for intangible asset	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Purchase of property and equipment- discontinued operations	`PurchaseOfPropertyAndEquipmentDiscontinuedOperations`	$-4.97K	USD	Annual
Purchase of property and equipment- discontinued operations	`PurchaseOfPropertyAndEquipmentDiscontinuedOperations`	$31.89K	USD	Annual
Construction in progress - discontinued operations	`ConstructionInProgressDiscontinuedOperations`	-	USD	Annual
Construction in progress - discontinued operations	`ConstructionInProgressDiscontinuedOperations`	$-29.35K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-137.76K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.54K	USD	Annual
Proceeds from common stock and warrants subscription	`ProceedsFromCommonStockAndWarrantsSubscription`	-	USD	Annual
Proceeds from common stock and warrants subscription	`ProceedsFromCommonStockAndWarrantsSubscription`	$299.00K	USD	Annual
Advance from related party	`ProceedsFromRelatedPartyDebt`	$3.20M	USD	Annual
Advance from related party	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Proceeds from common stock and warrants subscription - discontinued operations	`ProceedsFromCommonStockAndWarrantsSubscriptionDiscontinuedOperations`	$-29.37K	USD	Annual
Proceeds from common stock and warrants subscription - discontinued operations	`ProceedsFromCommonStockAndWarrantsSubscriptionDiscontinuedOperations`	$18.59K	USD	Annual
Proceeds from short term loan - discontinued operations	`ProceedsFromShortTermLoanDiscontinuedOperations`	$-342.25K	USD	Annual
Proceeds from short term loan - discontinued operations	`ProceedsFromShortTermLoanDiscontinuedOperations`	-	USD	Annual
Advance from (to) related party- discontinued operations	`AdvanceToRelatedParty`	$627.97K	USD	Annual
Advance from (to) related party- discontinued operations	`AdvanceToRelatedParty`	$-841.69K	USD	Annual
Net cash provided (used in) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$304.31K	USD	Annual
Net cash provided (used in) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.63M	USD	Annual
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-33.41K	USD	Annual
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-80.26K	USD	Annual
Net decrease in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-112.80K	USD	Annual
Net decrease in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.53M	USD	Annual
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$135.85K	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.05K	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Cash and equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$135.85K	USD	Point-in-time
Cash and equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$23.05K	USD	Point-in-time
Cash and equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Interest paid- discontinued operations	`InterestPaidNet`	-	USD	Annual
Interest paid- discontinued operations	`InterestPaidNet`	$237.21K	USD	Annual

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Shares	`CommonStockSharesOutstanding`	11.27M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesOutstanding`	20.94M	shares	Point-in-time
Beginning Balance, Amount	`StockholdersEquityDeficit`	$-4.16M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquityDeficit`	$-2.60M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquityDeficit`	$-682.99K	USD	Point-in-time
Foreign currency translation adjustments	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-256.06K	USD	Annual
Foreign currency translation adjustments	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$105.60K	USD	Annual
Issuance of common stock for financing, Amount	`StockIssuedDuringPeriodValueOther`	$11.54K	USD	Annual
Issuance of common stock for financing, Amount	`StockIssuedDuringPeriodValueOther`	$1.02M	USD	Annual
Retirement of treasury stock, amount	`RetirementOfTreasuryStockAmount`	$-312.90K	USD	Annual
Disposal of subsidiary	`GainLossOnDispositionOfAssets1`	$3.72M	USD	Annual
Disposal of subsidiary	`GainLossOnDispositionOfAssets1`	$-2.39K	USD	Annual
Net loss attributable to Yosen Group	`NetLossAttributableToYosenGroup`	$-1.06M	USD	Annual
Net loss attributable to Yosen Group	`NetLossAttributableToYosenGroup`	$-1.14M	USD	Annual
Noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-254.27K	USD	Annual
Noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Ending Balance, Shares	`CommonStockSharesOutstanding`	11.27M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesOutstanding`	20.94M	shares	Point-in-time
Ending Balance, Amount	`StockholdersEquityDeficit`	$-4.16M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquityDeficit`	$-2.60M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquityDeficit`	$-682.99K	USD	Point-in-time

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