10-Q Filing

ENTREPRENEUR UNIVERSE BRIGHT GROUP CIK: 1171326 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-027069`
Period End Date	20220331
Filing Date	20220516
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	f10q0322_entrepreneur_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 34 Cash Flow Statement 58 Stockholders Equity 12

Balance Sheet 76 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.74M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.10M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$334.77K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$67.94K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Other receivables and prepayments	`OtherReceivablesNetCurrent`	$67.62K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Other receivables and prepayments	`OtherReceivablesNetCurrent`	$55.92K	USD	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
Total current assets	`AssetsCurrent`	$8.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.77M	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
Plant and equipment, net	`PropertyPlantAndEquipmentOther`	$269.32K	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
Plant and equipment, net	`PropertyPlantAndEquipmentOther`	$281.45K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.70B	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$146.70K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$133.16K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.70B	shares	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$428.15K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$402.48K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.54M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$115.83K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.52K	USD	Point-in-time
Other payables and accrued liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$308.25K	USD	Point-in-time
Other payables and accrued liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$402.16K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$216.14K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$146.18K	USD	Point-in-time
Receipt in advance	`ContractWithCustomerRefundLiabilityCurrent`	-	USD	Point-in-time
Receipt in advance	`ContractWithCustomerRefundLiabilityCurrent`	$5.16K	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$58.80K	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$59.37K	USD	Point-in-time
Tax payables	`TaxesPayableCurrent`	$199.54K	USD	Point-in-time
Tax payables	`TaxesPayableCurrent`	$39.55K	USD	Point-in-time
Amount due to a director	`DueToAffiliateCurrent`	$171.44K	USD	Point-in-time
Amount due to a director	`DueToAffiliateCurrent`	$170.72K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$900.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.01M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$418.72K	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$342.55K	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$87.33K	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$74.36K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$429.87K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$493.08K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.44M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.39M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.0001 per share, 1,100,000 shares authorized, Nil (December 31, 2021: Nil) shares issued and outstanding as of March 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.0001 per share, 1,100,000 shares authorized, Nil (December 31, 2021: Nil) shares issued and outstanding as of March 31, 2022	`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, 2021: 1,701,181,423) shares issued and outstanding as of March 31, 2022	`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, 2021: 1,701,181,423) shares issued and outstanding as of March 31, 2022	`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
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-357.40K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$33.77K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$429.94K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$424.81K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.76M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.56M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.57M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$7.15M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$8.54M	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`	$1.98M	USD	1 Quarter
Revenue	`Revenues`	$1.21M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$219.32K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$312.48K	USD	1 Quarter
Gross profit	`GrossProfit`	$896.52K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.76M	USD	1 Quarter
Selling expenses	`SellingExpense`	$84.25K	USD	1 Quarter
Selling expenses	`SellingExpense`	$16.59K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$227.37K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$311.29K	USD	1 Quarter
Profit from operations	`OperatingIncomeLoss`	$1.45M	USD	1 Quarter
Profit from operations	`OperatingIncomeLoss`	$568.64K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$16.24K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$10.33K	USD	1 Quarter
Exchange gain (loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$60.00	USD	1 Quarter
Exchange gain (loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-4.61K	USD	1 Quarter
Sundry income	`OtherIncome`	$91.43K	USD	1 Quarter
Sundry income	`OtherIncome`	$26.07K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$101.82K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$37.70K	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$670.46K	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.49M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$523.99K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$279.29K	USD	1 Quarter
Net income	`NetIncomeLoss`	$391.17K	USD	1 Quarter
Net income	`NetIncomeLoss`	$966.64K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-24.46K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$5.13K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$386.04K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$991.10K	USD	1 Quarter
Net income per share - Basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income per share - Basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted average number of common shares outstanding - Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.70B	shares	1 Quarter
Weighted average number of common shares outstanding - Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.70B	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$391.17K	USD	1 Quarter
Net income	`NetIncomeLoss`	$966.64K	USD	1 Quarter
Depreciation	`Depreciation`	$20.70K	USD	1 Quarter
Depreciation	`Depreciation`	$21.37K	USD	1 Quarter
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$12.83K	USD	1 Quarter
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$13.89K	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-385.69K	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$76.02K	USD	1 Quarter
Other receivables and prepayments	`OtherReceivablesAndPrepayments`	$11.68K	USD	1 Quarter
Other receivables and prepayments	`OtherReceivablesAndPrepayments`	$67.73K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$44.33K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$266.75K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-99.34K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-93.95K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-88.52K	USD	1 Quarter
Tax payables	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$159.94K	USD	1 Quarter
Tax payables	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-154.09K	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-70.03K	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	-	USD	1 Quarter
Receipt in advance	`ReceiptInAdvance`	$-42.60K	USD	1 Quarter
Receipt in advance	`ReceiptInAdvance`	$-5.16K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-13.89K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-15.01K	USD	1 Quarter
Net cash generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$101.60K	USD	1 Quarter
Net cash generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$202.20K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.55K	USD	1 Quarter
Acquisition of debt products	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Acquisition of debt products	`PaymentsToAcquireInvestments`	$2.78M	USD	1 Quarter
Redemption of debt products	`RedemptionOfDebtProducts`	$5.71M	USD	1 Quarter
Redemption of debt products	`RedemptionOfDebtProducts`	-	USD	1 Quarter
Loan to a related company	`MortgageLoanRelatedToPropertySales1`	$500.17K	USD	1 Quarter
Loan to a related company	`MortgageLoanRelatedToPropertySales1`	-	USD	1 Quarter
Repayment from a related company	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-63.53K	USD	1 Quarter
Repayment from a related company	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Net cash (used in) generated from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.37M	USD	1 Quarter
Net cash (used in) generated from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.55K	USD	1 Quarter
Repayment of borrowings	`RepaymentsOfConstructionLoansPayable`	$128.91K	USD	1 Quarter
Repayment of borrowings	`RepaymentsOfConstructionLoansPayable`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-128.91K	USD	1 Quarter
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.85K	USD	1 Quarter
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-6.30K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$86.74K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.45M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.85M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.29M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.65M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.74M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.85M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.29M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.65M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.74M	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	$547.64K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$44.40K	USD	1 Quarter
Withholding tax paid	`WithholdingTaxPaid`	$516.12K	USD	1 Quarter
Withholding tax paid	`WithholdingTaxPaid`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$6.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.15M	USD	Point-in-time
Net income	`ProfitLoss`	$966.64K	USD	1 Quarter
Net income	`ProfitLoss`	$391.17K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.13K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$24.46K	USD	1 Quarter
Balance	`StockholdersEquity`	$6.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.15M	USD	Point-in-time

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