10-K Filing

ENTREPRENEUR UNIVERSE BRIGHT GROUP CIK: 1171326 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001213900-24-027301`
Period End Date	20231231
Filing Date	20240328
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	ea0202163-10k_entrep_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 39 Cash Flow Statement 51 Stockholders Equity 10

Balance Sheet 71 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`	$7.19M	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`	$9.32M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$234.98K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$632.54K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Other receivables and prepayments	`AccountsAndOtherReceivablesNetCurrent`	$71.25K	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	`AccountsAndOtherReceivablesNetCurrent`	$73.07K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.03M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.50M	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	`PropertyPlantAndEquipmentNet`	$107.01K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$188.89K	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.70B	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$27.65K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$83.08K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.70B	shares	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$271.97K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$134.66K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.77M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$10.16M	USD	Point-in-time
Other payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilities`	$369.73K	USD	Point-in-time
Other payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilities`	$478.33K	USD	Point-in-time
Receipt in advance	`ContractWithCustomerRefundLiabilityCurrent`	$1.71K	USD	Point-in-time
Receipt in advance	`ContractWithCustomerRefundLiabilityCurrent`	-	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$54.70K	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$27.65K	USD	Point-in-time
Tax payables	`TaxesPayableCurrent`	$94.76K	USD	Point-in-time
Tax payables	`TaxesPayableCurrent`	$337.73K	USD	Point-in-time
Amount due to a director	`AmountDueToADirectors`	$3.51K	USD	Point-in-time
Amount due to a director	`AmountDueToADirectors`	$167.94K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$847.22K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$688.84K	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$184.15K	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$172.20K	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$28.37K	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$184.15K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$200.57K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$889.40K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.03M	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 December 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 December 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 December 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 December 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`	$2.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.22K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$112.55K	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`	$6.76M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$9.13M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$10.16M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$7.77M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net income per share - diluted	`EarningsPerShareDiluted`	-	USD	Annual
Revenue	`Revenues`	$6.24M	USD	Annual
Revenue	`Revenues`	$3.51M	USD	Annual
Net income per share - diluted	`EarningsPerShareDiluted`	-	USD	Annual
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.70B	shares	Annual
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.70B	shares	Annual
Cost of revenue	`CostOfRevenue`	$474.57K	USD	Annual
Cost of revenue	`CostOfRevenue`	$663.49K	USD	Annual
Gross profit	`GrossProfit`	$5.76M	USD	Annual
Gross profit	`GrossProfit`	$2.84M	USD	Annual
Selling expenses	`SellingExpense`	$25.66K	USD	Annual
Selling expenses	`SellingExpense`	$40.16K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.87M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.68M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.12M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$3.86M	USD	Annual
Interest income	`InterestIncomeOther`	$42.90K	USD	Annual
Interest income	`InterestIncomeOther`	$25.36K	USD	Annual
Exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-175.81K	USD	Annual
Exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-24.86K	USD	Annual
Sundry income	`InterestIncomeExpenseNet`	$71.55K	USD	Annual
Sundry income	`InterestIncomeExpenseNet`	$118.60K	USD	Annual
Total other income (expenses), net	`NonoperatingIncomeExpense`	$72.06K	USD	Annual
Total other income (expenses), net	`NonoperatingIncomeExpense`	$-14.31K	USD	Annual
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.11M	USD	Annual
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.94M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$701.43K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$1.65M	USD	Annual
Net income	`NetIncomeLoss`	$404.62K	USD	Annual
Net income	`NetIncomeLoss`	$2.28M	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$35.36K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$282.03K	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.25M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$122.59K	USD	Annual
Net income per share - Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	Annual
Net income per share - Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	Annual
Weighted average number of common shares outstanding - Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.70B	shares	Annual
Weighted average number of common shares outstanding - Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.70B	shares	Annual

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$404.62K	USD	Annual
Net income	`NetIncomeLoss`	$2.28M	USD	Annual
Depreciation	`Depreciation`	$78.95K	USD	Annual
Depreciation	`Depreciation`	$81.92K	USD	Annual
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$53.40K	USD	Annual
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$53.35K	USD	Annual
Deferred tax liabilities	`DeferredIncomeTaxExpenseBenefit`	$-152.19K	USD	Annual
Deferred tax liabilities	`DeferredIncomeTaxExpenseBenefit`	$11.43K	USD	Annual
Other receivables and prepayments	`OtherReceivablesAndPrepayments`	$-98.00	USD	Annual
Other receivables and prepayments	`OtherReceivablesAndPrepayments`	$20.25K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$403.86K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$176.71K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-109.41K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$112.23K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-19.55K	USD	Annual
Tax payables	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$245.57K	USD	Annual
Tax payables	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$59.98K	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-204.16K	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	-	USD	Annual
Receipt in advance	`ReceiptInAdvance`	$-1.67K	USD	Annual
Receipt in advance	`ReceiptInAdvance`	$-3.12K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-53.35K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-53.40K	USD	Annual
Net cash generated from (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-138.89K	USD	Annual
Net cash generated from (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.33M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.70K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.84K	USD	Annual
Loan receivables to unrelated third party	`PaymentsForProceedsFromLoansReceivable`	$1.04M	USD	Annual
Loan receivables to unrelated third party	`PaymentsForProceedsFromLoansReceivable`	-	USD	Annual
Repayments from unrelated parties	`RepaymentOfNotesReceivableFromRelatedParties`	$1.04M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.84K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.70K	USD	Annual
Repayment to a director	`RepaymentsOfRelatedPartyDebt`	$164.44K	USD	Annual
Repayment to a director	`RepaymentsOfRelatedPartyDebt`	$3.49K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.49K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-164.44K	USD	Annual
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-303.45K	USD	Annual
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-28.32K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.13M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-455.54K	USD	Annual
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.65M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.19M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.32M	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`	$7.19M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.32M	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	$497.68K	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	$1.03M	USD	Annual
Withholding tax paid	`IncomeTaxesPaid`	$366.93K	USD	Annual
Withholding tax paid	`IncomeTaxesPaid`	$312.09K	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$6.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$9.13M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$404.62K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$2.28M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-282.03K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-35.36K	USD	Annual
Balance	`StockholdersEquity`	$6.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$9.13M	USD	Point-in-time

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