10-K Filing

ENTREPRENEUR UNIVERSE BRIGHT GROUP CIK: 1171326 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001213900-22-020109`
Period End Date	20211231
Filing Date	20220415
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	f10k2021_entrepre_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 34 Cash Flow Statement 66 Stockholders Equity 11

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.10M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.10M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.85M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Debt products	`ShortTermInvestments`	$3.06M	USD	Point-in-time
Debt products	`ShortTermInvestments`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$202.18K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$67.94K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other receivables and prepayments	`OtherReceivablesNetCurrent`	$55.92K	USD	Point-in-time
Other receivables and prepayments	`OtherReceivablesNetCurrent`	$50.31K	USD	Point-in-time
Loan to a related company	`DueFromRelatedPartiesCurrent`	$186.80K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.80B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.80B	shares	Point-in-time
Loan to a related company	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.70B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.70B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.77M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.70B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.70B	shares	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentOther`	$355.61K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentOther`	$281.45K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$25.61K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$146.70K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$381.22K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$428.15K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.73M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$115.83K	USD	Point-in-time
Other payables and accrued liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$618.51K	USD	Point-in-time
Other payables and accrued liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$402.16K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	-	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$216.14K	USD	Point-in-time
Receipt in advance	`ContractWithCustomerRefundLiabilityCurrent`	$50.37K	USD	Point-in-time
Receipt in advance	`ContractWithCustomerRefundLiabilityCurrent`	$5.16K	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$59.37K	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$29.93K	USD	Point-in-time
Tax payables	`TaxesPayableCurrent`	$39.55K	USD	Point-in-time
Tax payables	`TaxesPayableCurrent`	$595.34K	USD	Point-in-time
Amount due to a shareholder	`DueToOfficersOrStockholdersCurrent`	-	USD	Point-in-time
Amount due to a shareholder	`DueToOfficersOrStockholdersCurrent`	$53.00K	USD	Point-in-time
Amount due to a director	`DueToAffiliateCurrent`	$51.31K	USD	Point-in-time
Amount due to a director	`DueToAffiliateCurrent`	$171.44K	USD	Point-in-time
Borrowings	`ShortTermBorrowings`	$129.00K	USD	Point-in-time
Borrowings	`ShortTermBorrowings`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.01M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$342.55K	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$626.55K	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$87.33K	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$429.87K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$626.55K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.44M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.15M	USD	Point-in-time
Preferred stock, par value $0.0001 per share, 1,100,000 shares authorized, Nil (December 31, 2020: Nil) shares issued and outstanding as of December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.0001 per share, 1,100,000 shares authorized, Nil (December 31, 2020: Nil) shares issued and outstanding as of December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.0001 per share; 1,800,000,000 shares authorized, 1,701,181,423 (December 31, 2020: 1,701,181,423) shares issued and outstanding as of December 31, 2021	`CommonStockValue`	$170.12K	USD	Point-in-time
Common stock, par value $0.0001 per share; 1,800,000,000 shares authorized, 1,701,181,423 (December 31, 2020: 1,701,181,423) shares issued and outstanding as of December 31, 2021	`CommonStockValue`	$170.12K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.45M	USD	Point-in-time
Statutory reserves	`StatutoryReserves`	$65.91K	USD	Point-in-time
Statutory reserves	`StatutoryReserves`	$65.91K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-357.40K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$325.75K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$429.94K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.76M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.57M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$7.73M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$8.20M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$5.64M	USD	Annual
Revenue	`Revenues`	$9.19M	USD	Annual
Cost of revenue	`CostOfRevenue`	$661.46K	USD	Annual
Cost of revenue	`CostOfRevenue`	$1.83M	USD	Annual
Gross profit	`GrossProfit`	$3.81M	USD	Annual
Gross profit	`GrossProfit`	$8.53M	USD	Annual
Selling expenses	`SellingExpense`	$253.96K	USD	Annual
Selling expenses	`SellingExpense`	$188.90K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$935.30K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.67M	USD	Annual
Profit from operations	`OperatingIncomeLoss`	$7.40M	USD	Annual
Profit from operations	`OperatingIncomeLoss`	$1.89M	USD	Annual
Interest income	`InterestIncomeOther`	$76.95K	USD	Annual
Interest income	`InterestIncomeOther`	$36.72K	USD	Annual
Exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-476.00	USD	Annual
Exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-813.00	USD	Annual
Sundry income	`OtherIncome`	$35.65K	USD	Annual
Sundry income	`OtherIncome`	$110.92K	USD	Annual
Total other income, net	`NonoperatingIncomeExpense`	$187.39K	USD	Annual
Total other income, net	`NonoperatingIncomeExpense`	$71.56K	USD	Annual
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.08M	USD	Annual
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.47M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$988.92K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$2.50M	USD	Annual
Net income	`NetIncomeLoss`	$1.09M	USD	Annual
Net income	`NetIncomeLoss`	$4.97M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-329.80K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-104.19K	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$5.30M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.19M	USD	Annual
Net income per share - Basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	-	USD	Annual
Net income per share - Basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	-	USD	Annual
Weighted average number of common shares outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.70B	shares	Annual
Weighted average number of common shares outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.70B	shares	Annual

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.09M	USD	Annual
Net income	`NetIncomeLoss`	$4.97M	USD	Annual
Depreciation	`Depreciation`	$32.06K	USD	Annual
Depreciation	`Depreciation`	$83.21K	USD	Annual
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$31.35K	USD	Annual
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$39.37K	USD	Annual
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-293.37K	USD	Annual
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$552.00K	USD	Annual
Other receivables and prepayments	`OtherReceivablesAndPrepayments`	$5.19K	USD	Annual
Other receivables and prepayments	`OtherReceivablesAndPrepayments`	$27.58K	USD	Annual
Accounts receivable	`IncreaseDecreaseInReceivables`	$28.59K	USD	Annual
Accounts receivable	`IncreaseDecreaseInReceivables`	$-137.16K	USD	Annual
Amount due from a related company	`IncreaseDecreaseInDueToRelatedParties`	-	USD	Annual
Amount due from a related company	`IncreaseDecreaseInDueToRelatedParties`	$235.93K	USD	Annual
Amount due to a shareholder	`AdvanceFromAShareholder`	$53.00K	USD	Annual
Amount due to a shareholder	`AdvanceFromAShareholder`	$-53.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-57.95K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$115.56K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$395.58K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-220.49K	USD	Annual
Tax payables	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$415.98K	USD	Annual
Tax payables	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-563.98K	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-87.49K	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$215.64K	USD	Annual
Receipt in advance	`ReceiptInAdvance`	$-45.91K	USD	Annual
Receipt in advance	`ReceiptInAdvance`	$29.10K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-27.26K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-43.74K	USD	Annual
Net cash generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$451.66K	USD	Annual
Net cash generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.48M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$369.02K	USD	Annual
Acquisition of debt products	`PaymentsToAcquireInvestments`	$2.79M	USD	Annual
Acquisition of debt products	`PaymentsToAcquireInvestments`	$2.90M	USD	Annual
Redemption of debt products	`RedemptionOfDebtProducts`	-	USD	Annual
Redemption of debt products	`RedemptionOfDebtProducts`	$5.89M	USD	Annual
Loan to a related company	`MortgageLoanRelatedToPropertySales1`	$123.99K	USD	Annual
Loan to a related company	`MortgageLoanRelatedToPropertySales1`	$147.91K	USD	Annual
Repayment from a related company	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Annual
Repayment from a related company	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$313.34K	USD	Annual
Net cash generated from (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.29M	USD	Annual
Net cash generated from (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.41M	USD	Annual
Proceed from borrowings	`ProceedsFromConstructionLoansPayable`	-	USD	Annual
Proceed from borrowings	`ProceedsFromConstructionLoansPayable`	$128.93K	USD	Annual
Repayment of borrowings	`RepaymentsOfConstructionLoansPayable`	-	USD	Annual
Repayment of borrowings	`RepaymentsOfConstructionLoansPayable`	$128.66K	USD	Annual
Advance from a director	`AdvanceFromADirector`	$121.09K	USD	Annual
Advance from a director	`AdvanceFromADirector`	$41.27K	USD	Annual
Net cash (used in) generated from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.57K	USD	Annual
Net cash (used in) generated from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$170.20K	USD	Annual
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$206.80K	USD	Annual
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$69.37K	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.80M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.45M	USD	Annual
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$399.88K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.65M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.85M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$399.88K	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.65M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.85M	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	$1.33M	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	$1.54M	USD	Annual
Withholding tax paid	`WithholdingTaxPaid`	$518.70K	USD	Annual
Withholding tax paid	`WithholdingTaxPaid`	-	USD	Annual
Non-cash financing activities Operating lease assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$171.42K	USD	Annual
Non-cash financing activities Operating lease assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$55.62K	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.57M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$273.16K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.76M	USD	Point-in-time
Net income	`ProfitLoss`	$1.09M	USD	Annual
Net income	`ProfitLoss`	$4.97M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$329.80K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$104.19K	USD	Annual
Statutory reserve	`StatutoryReserve`	-	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.57M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$273.16K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.76M	USD	Point-in-time

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