10-K Filing

YUBO INTERNATIONAL BIOTECH LTD CIK: 895464 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001193805-17-001102`
Period End Date	20170228
Filing Date	20170614
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	magaa-20170228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 18 Cash Flow Statement 20 Stockholders Equity 9

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$11.00K	USD	Point-in-time
Cash	`Cash`	$1.00K	USD	Point-in-time
Approximate amount due to Company's President for expenses paid on the Company's behalf (in dollars)	`AccountsPayableRelatedPartiesCurrent`	$68.00K	USD	Point-in-time
Approximate amount due to Company's President for expenses paid on the Company's behalf (in dollars)	`AccountsPayableRelatedPartiesCurrent`	$68.00K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$3.00K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$3.00K	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`	$4.00K	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
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
Notes payable and accrued interest payable to a shareholder	`NotesAndLoansPayable`	$935.00K	USD	Point-in-time
Accounts payable, including, in 2016, approximately $68,000 which is payable to the Companys President and CEO for expenses he paid on the Companys behalf)	`AccountsPayableCurrent`	$415.00K	USD	Point-in-time
Accounts payable, including, in 2016, approximately $68,000 which is payable to the Companys President and CEO for expenses he paid on the Companys behalf)	`AccountsPayableCurrent`	$325.00K	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
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$116.00K	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
Common Stock Class A Shares Authorized	`CommonStockClassASharesAuthorized`	120.00M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.27M	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
COMMITMENTS AND CONTINGENCIES (Notes 4, 7 and 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock Class A Shares Outstanding	`CommonStockClassASharesOutstanding`	1.18M	shares	Point-in-time
COMMITMENTS AND CONTINGENCIES (Notes 4, 7 and 8)	`CommitmentsAndContingencies`	-	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
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, 1,178,762 and 1,176,373 shares, respectively, issued and outstanding at February 28, 2017 and February 29, 2016	`CommonStockValue`	$1.00K	USD	Point-in-time
Common Stock Class B Shares Issued	`CommonStockClassBSharesIssued`	18,750.00	shares	Point-in-time
Common stock, Class A, par value $.001 per share, 120,000,000 shares authorized, 1,178,762 and 1,176,373 shares, respectively, issued and outstanding at February 28, 2017 and February 29, 2016	`CommonStockValue`	$1.00K	USD	Point-in-time
Common Stock Class B Shares Issued	`CommonStockClassBSharesIssued`	18,750.00	shares	Point-in-time
Common Stock Class B Shares Forfeited	`CommonStockClassBSharesForfeited`	10,000.00	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, 8,183 and 5,794 shares, respectively, converted to Class A and 567 and 2,956 shares, respectively, outstanding at February 28, 2017 and February 29, 2016	`CommonStockSeriesBValue`	-	USD	Point-in-time
Common Stock Class B Shares Forfeited	`CommonStockClassBSharesForfeited`	10,000.00	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, 8,183 and 5,794 shares, respectively, converted to Class A and 567 and 2,956 shares, respectively, outstanding at February 28, 2017 and February 29, 2016	`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`	$27.29M	USD	Point-in-time
Common Stock Class B Shares Converted to Class A	`CommonStockClassBSharesConvertedToClass`	5,794.00	shares	Point-in-time
Common Stock Class B Shares Converted to Class A	`CommonStockClassBSharesConvertedToClass`	8,183.00	shares	Point-in-time
Common Stock Class B Shares Outstanding	`CommonStockClassBSharesOutstanding`	567.00	shares	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.66M	USD	Point-in-time
Common Stock Class B Shares Outstanding	`CommonStockClassBSharesOutstanding`	2,956.00	shares	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.13M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.26M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.37M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$4.00K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$14.00K	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	Annual
REVENUES	`Revenues`	-	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$63.00K	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$149.00K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-63.00K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-149.00K	USD	Annual
OTHER EXPENSE - Interest expense	`InterestExpense`	$67.00K	USD	Annual
OTHER EXPENSE - Interest expense	`InterestExpense`	$75.00K	USD	Annual
NET LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-224.00K	USD	Annual
NET LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-130.00K	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-224.00K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-130.00K	USD	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.18M	shares	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.18M	shares	Annual
NET LOSS PER COMMON SHARE, BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	Annual
NET LOSS PER COMMON SHARE, BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.19	USD	Annual

Cash Flow Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-224.00K	USD	Annual
Net loss	`ProfitLoss`	$-130.00K	USD	Annual
Accounts payable, accrued liabilities and all other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$74.00K	USD	Annual
Accounts payable, accrued liabilities and all other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$169.00K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-55.00K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-56.00K	USD	Annual
Proceeds received from notes payable to shareholder	`ProceedsFromRelatedPartyDebt`	$45.00K	USD	Annual
Proceeds received from notes payable to shareholder	`ProceedsFromRelatedPartyDebt`	$55.00K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$45.00K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$55.00K	USD	Annual
NET (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.00K	USD	Annual
NET (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.00K	USD	Annual
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$12.00K	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$11.00K	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.00K	USD	Point-in-time
End of year	`CashAndCashEquivalentsAtCarryingValue`	$12.00K	USD	Point-in-time
End of year	`CashAndCashEquivalentsAtCarryingValue`	$11.00K	USD	Point-in-time
End of year	`CashAndCashEquivalentsAtCarryingValue`	$1.00K	USD	Point-in-time
Liabilities assumed and forgiven in exchange for disposition of residual technology assets to the Companys Chief Executive Officer	`LiabilitiesAssumedAndForgiven`	$110.00K	USD	Annual
Liabilities assumed and forgiven in exchange for disposition of residual technology assets to the Companys Chief Executive Officer	`LiabilitiesAssumedAndForgiven`	-	USD	Annual

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Value, Balance, Beginning	`StockholdersEquity`	$-1.13M	USD	Point-in-time
Value, Balance, Beginning	`StockholdersEquity`	$-1.26M	USD	Point-in-time
Value, Balance, Beginning	`StockholdersEquity`	$-1.37M	USD	Point-in-time
Gain on sale of residual technology assets to CEO	`GainLossOnDispositionOfAssets`	$110.00K	USD	Annual
Net Loss	`NetIncomeLoss`	$-224.00K	USD	Annual
Net Loss	`NetIncomeLoss`	$-130.00K	USD	Annual
Value, Balance, Ending	`StockholdersEquity`	$-1.13M	USD	Point-in-time
Value, Balance, Ending	`StockholdersEquity`	$-1.26M	USD	Point-in-time
Value, Balance, Ending	`StockholdersEquity`	$-1.37M	USD	Point-in-time

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