10-Q Filing

YUBO INTERNATIONAL BIOTECH LTD CIK: 895464 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001193805-16-004102`
Period End Date	20160831
Filing Date	20161012
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	magaa-20160831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 28 Cash Flow Statement 20 Stockholders Equity 8

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Approximate amount due to Company's President for expenses paid on the Company's behalf (in dollars)	`AccountsPayableRelatedPartiesCurrent`	$68.00K	USD	Point-in-time
Cash	`Cash`	$9.00K	USD	Point-in-time
Cash	`Cash`	$11.00K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$3.00K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$4.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.00K	USD	Point-in-time
Preferred Stock Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.00K	USD	Point-in-time
Preferred Stock Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Notes payable and accrued interest payable to a shareholder	`NotesAndLoansPayable`	$878.00K	USD	Point-in-time
Preferred Stock Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Notes payable and accrued interest payable to a shareholder	`NotesAndLoansPayable`	$816.00K	USD	Point-in-time
Common Stock Class A Par Value	`CommonStockClassAParValue`	$0.00	USD	Point-in-time
Common Stock Class A Par Value	`CommonStockClassAParValue`	$0.00	USD	Point-in-time
Accounts payable, including approximately $68,000 which is payable to a related party	`AccountsPayableCurrent`	$415.00K	USD	Point-in-time
Accounts payable, including approximately $68,000 which is payable to a related party	`AccountsPayableCurrent`	$421.00K	USD	Point-in-time
Common Stock Class A Shares Authorized	`CommonStockClassASharesAuthorized`	120.00M	shares	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$39.00K	USD	Point-in-time
Common Stock Class A Shares Authorized	`CommonStockClassASharesAuthorized`	120.00M	shares	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$41.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.34M	USD	Point-in-time
Common Stock Class A Shares Issued	`CommonStockClassASharesIssued`	1.18M	shares	Point-in-time
Common Stock Class A Shares Issued	`CommonStockClassASharesIssued`	1.18M	shares	Point-in-time
Common Stock Class A Shares Outstanding	`CommonStockClassASharesOutstanding`	1.18M	shares	Point-in-time
Common Stock Class A Shares Outstanding	`CommonStockClassASharesOutstanding`	1.18M	shares	Point-in-time
Preferred stock, par value $.01 per share, 5,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common Stock Class B Par Value	`CommonStockClassBParValue`	$0.00	USD	Point-in-time
Common Stock Class B Par Value	`CommonStockClassBParValue`	$0.00	USD	Point-in-time
Preferred stock, par value $.01 per share, 5,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common Stock Class B Shares Authorized	`CommonStockClassBSharesAuthorized`	3.75M	shares	Point-in-time
Common stock, Class A, par value $.001 per share, 120,000,000 shares authorized, 1,176,373 shares issued and outstanding	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, Class A, par value $.001 per share, 120,000,000 shares authorized, 1,176,373 shares issued and outstanding	`CommonStockValue`	$1.00K	USD	Point-in-time
Common Stock Class B Shares Authorized	`CommonStockClassBSharesAuthorized`	3.75M	shares	Point-in-time
Common stock, Class B, par value $.001 per share, 3,750,000 shares authorized, 18,750 shares issued, 10,000 shares forfeited,	`CommonStockSeriesBValue`	-	USD	Point-in-time
Common Stock Class B Shares Issued	`CommonStockClassBSharesIssued`	18,750.00	shares	Point-in-time
Common Stock Class B Shares Issued	`CommonStockClassBSharesIssued`	18,750.00	shares	Point-in-time
Common stock, Class B, par value $.001 per share, 3,750,000 shares authorized, 18,750 shares issued, 10,000 shares forfeited,	`CommonStockSeriesBValue`	-	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$27.18M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$27.18M	USD	Point-in-time
Common Stock Class B Shares Outstanding	`CommonStockClassBSharesOutstanding`	2,956.00	shares	Point-in-time
Common Stock Class B Shares Outstanding	`CommonStockClassBSharesOutstanding`	18,750.00	shares	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.51M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.32M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.26M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$13.00K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$14.00K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	2 Qtrs
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	2 Qtrs
REVENUES	`Revenues`	-	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$13.00K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$29.00K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$36.00K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$21.00K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-13.00K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-36.00K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-21.00K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-30.00K	USD	2 Qtrs
OTHER EXPENSE - Interest expense	`InterestExpense`	$33.00K	USD	2 Qtrs
OTHER EXPENSE - Interest expense	`InterestExpense`	$37.00K	USD	2 Qtrs
OTHER EXPENSE - Interest expense	`InterestExpense`	$17.00K	USD	1 Quarter
OTHER EXPENSE - Interest expense	`InterestExpense`	$19.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-69.00K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-67.00K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-38.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-32.00K	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.18M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.18M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.18M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.18M	shares	2 Qtrs
NET LOSS PER COMMON SHARE, BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	2 Qtrs
NET LOSS PER COMMON SHARE, BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	2 Qtrs
NET LOSS PER COMMON SHARE, BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
NET LOSS PER COMMON SHARE, BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter

Cash Flow Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-69.00K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-67.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.00K	USD	2 Qtrs
Accounts payable, accrued liabilities and all other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.00K	USD	2 Qtrs
Accounts payable, accrued liabilities and all other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$41.00K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-40.00K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-27.00K	USD	2 Qtrs
Proceeds received from notes payable to stockholder	`ProceedsFromRelatedPartyDebt`	$25.00K	USD	2 Qtrs
Proceeds received from notes payable to stockholder	`ProceedsFromRelatedPartyDebt`	$40.00K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.00K	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.00K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.00K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.00K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$11.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$12.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$9.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$12.00K	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Value, Balance, Beginning	`StockholdersEquity`	$-1.32M	USD	Point-in-time
Value, Balance, Beginning	`StockholdersEquity`	$-1.26M	USD	Point-in-time
Net Loss	`NetIncomeLoss`	$-69.00K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-67.00K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-38.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-32.00K	USD	1 Quarter
Value, Balance, Ending	`StockholdersEquity`	$-1.32M	USD	Point-in-time
Value, Balance, Ending	`StockholdersEquity`	$-1.26M	USD	Point-in-time

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