10-Q Filing

YUBO INTERNATIONAL BIOTECH LTD CIK: 895464 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001193805-19-000044`
Period End Date	20181130
Filing Date	20190111
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	magaa-20181130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 31 Income Statement 36 Cash Flow Statement 22 Stockholders Equity 8

Balance Sheet 31 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$4.00K	USD	Point-in-time
Cash	`Cash`	$2.00K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$3.00K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	-	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
Total current assets	`AssetsCurrent`	$4.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.00K	USD	Point-in-time
Notes payable and accrued interest payable to a shareholder	`NotesAndLoansPayable`	$1.15M	USD	Point-in-time
Notes payable and accrued interest payable to a shareholder	`NotesAndLoansPayable`	$1.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$343.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$332.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$38.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$40.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.52M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Notes 4 and 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Notes 4 and 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $.01 per share, 5,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$27.29M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$27.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.81M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$5.00K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$4.00K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	3 Qtrs
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	3 Qtrs
REVENUES	`Revenues`	-	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$66.00K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$7.00K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$40.00K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$22.00K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-22.00K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-7.00K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-66.00K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-40.00K	USD	3 Qtrs
OTHER EXPENSE - Interest expense	`InterestExpense`	$63.00K	USD	3 Qtrs
OTHER EXPENSE - Interest expense	`InterestExpense`	$26.00K	USD	1 Quarter
OTHER EXPENSE - Interest expense	`InterestExpense`	$75.00K	USD	3 Qtrs
OTHER EXPENSE - Interest expense	`InterestExpense`	$21.00K	USD	1 Quarter
NET LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-43.00K	USD	1 Quarter
NET LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-33.00K	USD	1 Quarter
NET LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-115.00K	USD	3 Qtrs
NET LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-129.00K	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-115.00K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-129.00K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-33.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-43.00K	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.18M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.18M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.18M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.18M	shares	3 Qtrs
NET LOSS PER COMMON SHARE, BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	3 Qtrs
NET LOSS PER COMMON SHARE, BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
NET LOSS PER COMMON SHARE, BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
NET LOSS PER COMMON SHARE, BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	3 Qtrs

Cash Flow Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-115.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-129.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-33.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-43.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$3.00K	USD	3 Qtrs
Accounts payable, accrued liabilities and all other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$73.00K	USD	3 Qtrs
Accounts payable, accrued liabilities and all other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$88.00K	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-56.00K	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-24.00K	USD	3 Qtrs
Proceeds received from notes payable to stockholder	`ProceedsFromRelatedPartyDebt`	$26.00K	USD	3 Qtrs
Proceeds received from notes payable to stockholder	`ProceedsFromRelatedPartyDebt`	$56.00K	USD	3 Qtrs
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.00K	USD	3 Qtrs
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	3 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.00K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.00K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.00K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$4.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$2.00K	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Value, Balance, Beginning	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Value, Balance, Beginning	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Net Loss	`NetIncomeLoss`	$-115.00K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-129.00K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-33.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-43.00K	USD	1 Quarter
Value, Balance, Ending	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Value, Balance, Ending	`StockholdersEquity`	$-1.63M	USD	Point-in-time

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