10-Q Filing

DBUB GROUP, INC CIK: 1076784 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001607062-19-000233`
Period End Date	20190331
Filing Date	20190520
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	dbub-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 52 Cash Flow Statement 54 Stockholders Equity 17

Balance Sheet 56 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
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.73K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.94M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.94M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.94M	shares	Point-in-time
Advances to suppliers	`AdvancesToSuppliers`	$67.56K	USD	Point-in-time
Advances to suppliers	`AdvancesToSuppliers`	$105.82K	USD	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$305.52K	USD	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$7.55K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$119.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$235.26K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$606.34K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$45.84K	USD	Point-in-time
Advance to related party	`AdvancesToRelatedParty`	$33.69K	USD	Point-in-time
Advance to related party	`AdvancesToRelatedParty`	$82.21K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.70M	USD	Point-in-time
Fix assets, net	`PropertyPlantAndEquipmentNet`	$239.32K	USD	Point-in-time
Fix assets, net	`PropertyPlantAndEquipmentNet`	$108.01K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$133.66K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$20.35K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$128.36K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$372.98K	USD	Point-in-time
Total assets	`Assets`	$2.97M	USD	Point-in-time
Total assets	`Assets`	$2.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.84K	USD	Point-in-time
Advance from customers	`AdvanceFromCustomers`	$4.36K	USD	Point-in-time
Advance from customers	`AdvanceFromCustomers`	$4.46K	USD	Point-in-time
Accrued expenses and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$540.65K	USD	Point-in-time
Accrued expenses and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$402.98K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$990.00	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.08K	USD	Point-in-time
Advance from related parties	`AdvanceFromRelatedParties`	$2.62M	USD	Point-in-time
Advance from related parties	`AdvanceFromRelatedParties`	$3.23M	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$3.65M	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$3.17M	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 20,935,106 shares issued and outstanding as of March, 31 2019 and December 31, 2018	`CommonStockValue`	$20.93K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 20,935,106 shares issued and outstanding as of March, 31 2019 and December 31, 2018	`CommonStockValue`	$20.93K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$29.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$29.15M	USD	Point-in-time
Other accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$22.94K	USD	Point-in-time
Other accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$11.69K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.87M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-30.27M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-682.99K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.09M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.97M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.07M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenuesNetOfInterestExpense`	-	USD	1 Quarter
Revenue	`RevenuesNetOfInterestExpense`	-	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$67.42K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$297.13K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-67.42K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-297.13K	USD	1 Quarter
Interest income	`InterestIncome`	$263.00	USD	1 Quarter
Interest income	`InterestIncome`	-	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-136.30K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Bank charge	`BankCharge`	-	USD	1 Quarter
Bank charge	`BankCharge`	$-1.28K	USD	1 Quarter
Other income	`OtherIncome`	$34.69K	USD	1 Quarter
Other income	`OtherIncome`	$218.00	USD	1 Quarter
Total other expenses, net	`NonoperatingIncomeExpense`	$218.00	USD	1 Quarter
Total other expenses, net	`NonoperatingIncomeExpense`	$-102.63K	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-67.64K	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-399.76K	USD	1 Quarter
Provision for income taxes	`ProvisionForIncomeTaxes`	-	USD	1 Quarter
Provision for income taxes	`ProvisionForIncomeTaxes`	-	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-67.64K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-399.76K	USD	1 Quarter
Loss from operations of discontinued entities, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Loss from operations of discontinued entities, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-152.03K	USD	1 Quarter
Net loss including noncontrolling interest	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-399.76K	USD	1 Quarter
Net loss including noncontrolling interest	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-219.67K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-25.12K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`IncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net loss attributable to DBUB Group	`NetIncomeLoss`	$-399.76K	USD	1 Quarter
Net loss attributable to DBUB Group	`NetIncomeLoss`	$-194.55K	USD	1 Quarter
Foreign currency translation loss attributable to DBUB Group	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-156.65K	USD	1 Quarter
Foreign currency translation loss attributable to DBUB Group	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-11.25K	USD	1 Quarter
Foreign currency translation loss attributable to noncontrolling interest	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Foreign currency translation loss attributable to noncontrolling interest	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest`	$-5.23K	USD	1 Quarter
Comprehensive loss attributable to DBUB Group	`ComprehensiveIncomeNetOfTax`	$-351.20K	USD	1 Quarter
Comprehensive loss attributable to DBUB Group	`ComprehensiveIncomeNetOfTax`	$-411.02K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-30.35K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Net loss per share	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Net loss per share	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.94M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	11.27M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.27M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.94M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss including noncontrolling interest	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-399.76K	USD	1 Quarter
Net loss including noncontrolling interest	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-219.67K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$39.67K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$39.67K	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$14.59K	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$19.35K	USD	1 Quarter
Accounts receivables	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$51.02K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-3.25K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$297.09K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$52.46K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.00K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-558.07K	USD	1 Quarter
Advance to suppliers	`AdvanceToSuppliers`	$-18.82K	USD	1 Quarter
Advance to suppliers	`AdvanceToSuppliers`	$23.96K	USD	1 Quarter
Other noncurrent asset	`IncreaseDecreaseInOtherNoncurrentAssets`	$40.15K	USD	1 Quarter
Other noncurrent asset	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-135.85K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.07K	USD	1 Quarter
Accrued expenses and other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$2.64K	USD	1 Quarter
Accrued expenses and other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$59.71K	USD	1 Quarter
Advance from customers	`AdvanceFromCustomers1`	$4.45K	USD	1 Quarter
Advance from customers	`AdvanceFromCustomers1`	$-34.04K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$73.00	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$600.00	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$485.92K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-113.88K	USD	1 Quarter
Purchase of property and equipment	`PurchaseOfPropertyAndEquipment`	$-4.97K	USD	1 Quarter
Purchase of property and equipment	`PurchaseOfPropertyAndEquipment`	$-140.34K	USD	1 Quarter
Payment for intangible asset	`PaymentsToAcquireIntangibleAssets`	$47.84K	USD	1 Quarter
Payment for intangible asset	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-140.34K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-52.81K	USD	1 Quarter
Changes in advance from / to related parties	`ChangesInAdvanceFromToRelatedParties`	$-517.51K	USD	1 Quarter
Changes in advance from / to related parties	`ChangesInAdvanceFromToRelatedParties`	$90.23K	USD	1 Quarter
Net cash provided (used in) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$90.23K	USD	1 Quarter
Net cash provided (used in) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-517.51K	USD	1 Quarter
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$85.14K	USD	1 Quarter
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-5.15K	USD	1 Quarter
Net increase (decrease) in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.68K	USD	1 Quarter
Net increase (decrease) in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-177.08K	USD	1 Quarter
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$31.73K	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.05K	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$31.73K	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.05K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	$51.66K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$184.53K	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Shares	`CommonStockSharesOutstanding`	20.94M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesOutstanding`	20.94M	shares	Point-in-time
Beginning Balance, Amount	`StockholdersEquityDeficit`	$-682.99K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquityDeficit`	$-4.08M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquityDeficit`	$-1.09M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquityDeficit`	$-3.71M	USD	Point-in-time
Foreign currency translation adjustments	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-11.25K	USD	1 Quarter
Foreign currency translation adjustments	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-156.65K	USD	1 Quarter
Conversion of loan into shares	`ConversionOfLoanIntoShares`	$717.89K	USD	1 Quarter
Net loss for the quarter	`NetIncomeLoss`	$-399.76K	USD	1 Quarter
Net loss for the quarter	`NetIncomeLoss`	$-194.55K	USD	1 Quarter
Ending Balance, Shares	`CommonStockSharesOutstanding`	20.94M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesOutstanding`	20.94M	shares	Point-in-time
Ending Balance, Amount	`StockholdersEquityDeficit`	$-682.99K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquityDeficit`	$-4.08M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquityDeficit`	$-1.09M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquityDeficit`	$-3.71M	USD	Point-in-time

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