10-Q Filing

YUBO INTERNATIONAL BIOTECH LTD CIK: 895464 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001193805-20-000864`
Period End Date	20200531
Filing Date	20200720
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	magaa-20200531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 22 Cash Flow Statement 28 Stockholders Equity 12

Balance Sheet 50 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`	-	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$4.00K	USD	Point-in-time
Cash	`Cash`	$6.00K	USD	Point-in-time
Cash	`Cash`	$1.00K	USD	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
Total current assets	`AssetsCurrent`	$1.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	-	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	$1.00K	USD	Point-in-time
Total assets	`Assets`	-	USD	Point-in-time
Notes payable and accrued interest payable to related parties	`NotesPayableCurrent`	$1.44M	USD	Point-in-time
Notes payable and accrued interest payable to related parties	`NotesPayableCurrent`	$1.41M	USD	Point-in-time
Notes payable and accrued interest payable to related parties	`NotesPayableCurrent`	$1.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$352.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$353.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$45.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$40.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$5.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.46M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	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`	$27.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$27.29M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-28.93M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-29.09M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-29.12M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.66M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.46M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.80M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.83M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$1.00K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
General & administrative	`SellingGeneralAndAdministrativeExpense`	$7.00K	USD	1 Quarter
General & administrative	`SellingGeneralAndAdministrativeExpense`	$8.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.00K	USD	1 Quarter
Interest (expense)	`InterestExpense`	$26.00K	USD	1 Quarter
Interest (expense)	`InterestExpense`	$27.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-26.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-27.00K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-34.00K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-34.00K	USD	1 Quarter
Provision (credit) for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision (credit) for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-34.00K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-34.00K	USD	1 Quarter
Basic and diluted earnings (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted earnings (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.18M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.18M	shares	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-34.00K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-34.00K	USD	1 Quarter
Accounts payable and accrued expense	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$26.00K	USD	1 Quarter
Accounts payable and accrued expense	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.00K	USD	1 Quarter
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from notes payable to stockholder	`ProceedsFromRelatedPartyDebt`	$10.00K	USD	1 Quarter
Proceeds from notes payable to stockholder	`ProceedsFromRelatedPartyDebt`	$3.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.00K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.00K	USD	1 Quarter
Cash at the beginning of the period	`Cash`	-	USD	Point-in-time
Cash at the beginning of the period	`Cash`	-	USD	Point-in-time
Cash at the beginning of the period	`Cash`	$4.00K	USD	Point-in-time
Cash at the beginning of the period	`Cash`	$6.00K	USD	Point-in-time
Cash at the beginning of the period	`Cash`	$1.00K	USD	Point-in-time
Cash at the end of the period	`Cash`	-	USD	Point-in-time
Cash at the end of the period	`Cash`	-	USD	Point-in-time
Cash at the end of the period	`Cash`	$4.00K	USD	Point-in-time
Cash at the end of the period	`Cash`	$6.00K	USD	Point-in-time
Cash at the end of the period	`Cash`	$1.00K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$-1.66M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-1.46M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-1.80M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-1.83M	USD	Point-in-time
Net (loss)	`NetIncomeLoss`	$-34.00K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-34.00K	USD	1 Quarter
Ending balance, amount	`StockholdersEquity`	$-1.66M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.46M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.80M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.83M	USD	Point-in-time

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