10-Q Filing

ENTREPRENEUR UNIVERSE BRIGHT GROUP CIK: 1171326 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-039732`
Period End Date	20230331
Filing Date	20230515
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	f10q0323_entrepreneur_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 38 Cash Flow Statement 43 Stockholders Equity 12

Balance Sheet 72 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.09M	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`	$7.19M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$701.33K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$234.98K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Other receivables and prepayments	`OtherReceivablesNetCurrent`	$77.66K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Other receivables and prepayments	`OtherReceivablesNetCurrent`	$73.07K	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
Other receivables and prepayments related party	`AccountsAndOtherReceivablesNetCurrent`	$2.07K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.87M	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
Common stock, shares issued	`CommonStockSharesIssued`	1.70B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.70B	shares	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`	$188.89K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentOther`	$171.33K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$69.94K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$83.08K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$271.97K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$241.28K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.11M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.77M	USD	Point-in-time
Other payables and accrued liabilities	`ContractWithCustomerLiabilityCurrent`	$369.73K	USD	Point-in-time
Other payables and accrued liabilities	`ContractWithCustomerLiabilityCurrent`	$273.81K	USD	Point-in-time
Receipt in advance	`ContractWithCustomerRefundLiabilityCurrent`	$1.71K	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$54.70K	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$55.61K	USD	Point-in-time
Tax payables	`TaxesPayableCurrent`	$214.57K	USD	Point-in-time
Tax payables	`TaxesPayableCurrent`	$94.76K	USD	Point-in-time
Amount due to a director	`AmountDueToADirectors`	$167.94K	USD	Point-in-time
Amount due to a director	`AmountDueToADirectors`	$3.49K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$688.84K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$547.48K	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$172.20K	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$249.68K	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$28.37K	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$14.33K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$200.57K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$264.01K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$889.40K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$811.49K	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, 2022: Nil) shares issued and outstanding as of March 31, 2023	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.0001 per share, 1,100,000 shares authorized, Nil (December 31, 2022: Nil) shares issued and outstanding as of March 31, 2023	`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, 2022: 1,701,181,423) shares issued and outstanding as of March 31, 2023	`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, 2022: 1,701,181,423) shares issued and outstanding as of March 31, 2023	`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	`RetainedEarningsAccumulatedDeficit`	$478.67K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.22K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$132.41K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$147.91K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.88M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$7.30M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.76M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$7.15M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$7.77M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$8.11M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.21M	USD	1 Quarter
Net income per share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income per share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Revenue	`Revenues`	$1.18M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$114.55K	USD	1 Quarter
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.70B	shares	1 Quarter
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.70B	shares	1 Quarter
Cost of revenue	`CostOfRevenue`	$312.48K	USD	1 Quarter
Gross profit	`GrossProfit`	$896.52K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.06M	USD	1 Quarter
Selling expenses	`SellingExpense`	$1.44K	USD	1 Quarter
Selling expenses	`SellingExpense`	$16.59K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$311.29K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$423.50K	USD	1 Quarter
Profit from operations	`OperatingIncomeLoss`	$568.64K	USD	1 Quarter
Profit from operations	`OperatingIncomeLoss`	$637.44K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$7.74K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$10.33K	USD	1 Quarter
Exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$20.55K	USD	1 Quarter
Exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$60.00	USD	1 Quarter
Sundry income	`OtherIncome`	$91.43K	USD	1 Quarter
Sundry income	`OtherIncome`	$58.01K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$86.29K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$101.82K	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$670.46K	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$723.73K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$292.27K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$279.29K	USD	1 Quarter
Net income	`NetIncomeLoss`	$431.46K	USD	1 Quarter
Net income	`NetIncomeLoss`	$391.17K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$5.13K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$15.49K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$415.96K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$386.04K	USD	1 Quarter
Net income per share - Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income per share - Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted average number of common shares outstanding - Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.70B	shares	1 Quarter
Weighted average number of common shares outstanding - Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.70B	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$431.46K	USD	1 Quarter
Net income	`NetIncomeLoss`	$391.17K	USD	1 Quarter
Depreciation	`Depreciation`	$20.32K	USD	1 Quarter
Depreciation	`Depreciation`	$21.37K	USD	1 Quarter
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$13.89K	USD	1 Quarter
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$13.54K	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$76.02K	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$78.54K	USD	1 Quarter
Other receivables and prepayments	`OtherReceivablesAndPrepayments`	$6.40K	USD	1 Quarter
Other receivables and prepayments	`OtherReceivablesAndPrepayments`	$11.68K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$467.16K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$266.75K	USD	1 Quarter
Accounts payable	`AmountDueToAShareholder`	-	USD	1 Quarter
Accounts payable	`AmountDueToAShareholder`	$-99.34K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-96.32K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-93.95K	USD	1 Quarter
Tax payables	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$159.94K	USD	1 Quarter
Tax payables	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$119.88K	USD	1 Quarter
Contract liabilities	`MortgageLoanRelatedToPropertySales1`	$70.03K	USD	1 Quarter
Contract liabilities	`MortgageLoanRelatedToPropertySales1`	-	USD	1 Quarter
Receipt in advance	`ReceiptInAdvance`	$-1.72K	USD	1 Quarter
Receipt in advance	`ReceiptInAdvance`	$-5.16K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-13.54K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-13.89K	USD	1 Quarter
Net cash generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$78.59K	USD	1 Quarter
Net cash generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$101.60K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.89K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.55K	USD	1 Quarter
Repayment to a director	`AdvanceFromADirector`	$-164.44K	USD	1 Quarter
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-6.30K	USD	1 Quarter
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-16.52K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$86.74K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-104.27K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.09M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.19M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.74M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.65M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.09M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.19M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.74M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.65M	USD	Point-in-time
Income taxes	`WithholdingTaxPaid`	$95.52K	USD	1 Quarter
Income taxes	`WithholdingTaxPaid`	$44.40K	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$6.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.15M	USD	Point-in-time
Net income	`NetIncomeLoss`	$431.46K	USD	1 Quarter
Net income	`NetIncomeLoss`	$391.17K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.13K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-15.49K	USD	1 Quarter
Balance	`StockholdersEquity`	$6.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.76M	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.