10-Q Filing

DBUB GROUP, INC CIK: 1076784 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-045099`
Period End Date	20120630
Filing Date	20120814
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	chcg-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 82 Cash Flow Statement 50

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.25M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.78M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.33M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$9.97M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.15M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$3.36M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`InventoryNet`	$2.82M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	58.91M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	76.41M	shares	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$223.00K	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$1.67M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$145.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	58.91M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	76.41M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$147.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.91M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.15M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$76.00K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$93.00K	USD	Point-in-time
Total assets	`Assets`	$8.22M	USD	Point-in-time
Total assets	`Assets`	$21.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.15M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.57M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.67M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$479.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$951.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.65M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 76,411,327 and 58,911,327 issued and outstanding as of June 30, 2012 and December 31, 2011	`CommonStockValue`	$76.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 76,411,327 and 58,911,327 issued and outstanding as of June 30, 2012 and December 31, 2011	`CommonStockValue`	$59.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.67M	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`	$7.76M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$7.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$13.36M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$21.01M	USD	Point-in-time

Income Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$33.74M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$15.71M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$14.59M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$6.88M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$6.91M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$15.15M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$14.73M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$32.09M	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$-33.00K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$1.66M	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$565.00K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-138.00K	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.61M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.23M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.89M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.90M	USD	2 Qtrs
Loss from continuing operations	`OperatingIncomeLoss`	$-5.57M	USD	2 Qtrs
Loss from continuing operations	`OperatingIncomeLoss`	$-6.04M	USD	2 Qtrs
Loss from continuing operations	`OperatingIncomeLoss`	$-3.05M	USD	1 Quarter
Loss from continuing operations	`OperatingIncomeLoss`	$-2.92M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$-10.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$-23.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$-1.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$-5.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$-1.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$-2.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$-1.00K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$-57.00K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$-778.00K	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$-204.00K	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$-403.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$179.00K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$402.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$46.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$772.00K	USD	2 Qtrs
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.32M	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.10M	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.81M	USD	2 Qtrs
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.75M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$26.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$64.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$129.00K	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-3.35M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-5.88M	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-6.88M	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-3.13M	USD	1 Quarter
Net loss from discontinued operations, net of income taxes of $0	`DisposalGroupIncludingDiscontinuedOperationNetLossFromDiscontinuedOperationsNetOfIncomeTax`	$-1.26M	USD	2 Qtrs
Net loss from discontinued operations, net of income taxes of $0	`DisposalGroupIncludingDiscontinuedOperationNetLossFromDiscontinuedOperationsNetOfIncomeTax`	$-2.60M	USD	1 Quarter
Net loss from discontinued operations, net of income taxes of $0	`DisposalGroupIncludingDiscontinuedOperationNetLossFromDiscontinuedOperationsNetOfIncomeTax`	$-4.31M	USD	2 Qtrs
Net loss from discontinued operations, net of income taxes of $0	`DisposalGroupIncludingDiscontinuedOperationNetLossFromDiscontinuedOperationsNetOfIncomeTax`	$-12.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.19M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$24.93M	USD	Annual
Net loss	`NetIncomeLoss`	$-8.14M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$52.84M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.73M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$694.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$449.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$99.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$5.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.29M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-8.04M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-9.50M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.35M	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.10	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.06	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.12	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.06	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.08	USD	2 Qtrs
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.04	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.02	USD	2 Qtrs
Net loss per share (in dollars per share)	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Net loss per share (in dollars per share)	`EarningsPerShareBasic`	$-0.14	USD	2 Qtrs
Net loss per share (in dollars per share)	`EarningsPerShareBasic`	$-0.18	USD	2 Qtrs
Net loss per share (in dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	58.51M	shares	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	58.91M	shares	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	58.91M	shares	2 Qtrs
Basic and Diluted (in shares)	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	57.68M	shares	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-10.19M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$24.93M	USD	Annual
Net loss	`NetIncomeLoss`	$-8.14M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$52.84M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.73M	USD	1 Quarter
Depreciation	`Depreciation`	$18.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$47.00K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$703.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$746.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$326.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-251.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.89M	USD	2 Qtrs
Tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.09M	USD	2 Qtrs
Tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-182.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-564.00K	USD	2 Qtrs
Advances to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$-1.46M	USD	2 Qtrs
Advances to suppliers	`IncreaseDecreaseInAdvancesToSuppliers`	$-2.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$48.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-1.48M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$365.00K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.17M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.78M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-468.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-6.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.01M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.64M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$42.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$723.00K	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.92M	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.97M	USD	2 Qtrs
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.25M	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.78M	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.33M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.25M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.78M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.33M	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$120.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$522.00K	USD	2 Qtrs

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