10-Q Filing

YUBO INTERNATIONAL BIOTECH LTD CIK: 895464 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001193805-19-001331`
Period End Date	20190831
Filing Date	20191011
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	magaa-20190831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 32 Income Statement 38 Cash Flow Statement 24 Stockholders Equity 18

Balance Sheet 32 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
Cash	`Cash`	$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
Cash	`Cash`	$1.00K	USD	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`	$1.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Notes payable and accrued interest payable to a shareholder	`NotesAndLoansPayable`	$1.35M	USD	Point-in-time
Notes payable and accrued interest payable to a shareholder	`NotesAndLoansPayable`	$1.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$345.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$342.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$41.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$39.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.73M	USD	Point-in-time
Preferred stock, par value $.01 per share, 5,000,000 shares authorized, none issued	`PreferredStockValue`	-	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`	$-28.95M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.02M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.56M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.66M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.73M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.60M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$4.00K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.00K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	2 Qtrs
REVENUES	`Revenues`	-	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$33.00K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$17.00K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$8.00K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$12.00K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-8.00K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-33.00K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-17.00K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-12.00K	USD	1 Quarter
OTHER EXPENSE - Interest expense	`InterestExpense`	$26.00K	USD	1 Quarter
OTHER EXPENSE - Interest expense	`InterestExpense`	$25.00K	USD	1 Quarter
OTHER EXPENSE - Interest expense	`InterestExpense`	$52.00K	USD	2 Qtrs
OTHER EXPENSE - Interest expense	`InterestExpense`	$49.00K	USD	2 Qtrs
NET LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-37.00K	USD	1 Quarter
NET LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-82.00K	USD	2 Qtrs
NET LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-35.00K	USD	1 Quarter
NET LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-69.00K	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-69.00K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-45.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-34.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-82.00K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-37.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-35.00K	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	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.18M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`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`	$-0.07	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 24 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-69.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-45.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-34.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-82.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-37.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-35.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Accounts payable, accrued liabilities and all other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$52.00K	USD	2 Qtrs
Accounts payable, accrued liabilities and all other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$57.00K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-17.00K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-22.00K	USD	2 Qtrs
Proceeds received from notes payable to stockholder	`ProceedsFromRelatedPartyDebt`	$23.00K	USD	2 Qtrs
Proceeds received from notes payable to stockholder	`ProceedsFromRelatedPartyDebt`	$14.00K	USD	2 Qtrs
NET (DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.00K	USD	2 Qtrs
NET (DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.00K	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.00K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.00K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.00K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$4.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$2.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.00K	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.56M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.66M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.73M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.60M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-69.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-45.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-34.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-82.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-37.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-35.00K	USD	1 Quarter
Ending balance, amount	`StockholdersEquity`	$-1.56M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.66M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.73M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.60M	USD	Point-in-time

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