10-Q Filing

YUBO INTERNATIONAL BIOTECH LTD CIK: 895464 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001640334-21-001239`
Period End Date	20210331
Filing Date	20210524
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	yubo-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 42 Cash Flow Statement 52 Stockholders Equity 15

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Accounts payable and accrued expense VIE without recourse	`AccountsPayableAndAccruedExpenseVieWithoutRecourse`	-	USD	Point-in-time
Accounts payable and accrued expense VIE without recourse	`AccountsPayableAndAccruedExpenseVieWithoutRecourse`	$101.17K	USD	Point-in-time
Cash	`Cash`	$1.38M	USD	Point-in-time
Customer deposit VIE without recourse	`CustomerDepositVieWithoutRecourse`	$11.03K	USD	Point-in-time
Customer deposit VIE without recourse	`CustomerDepositVieWithoutRecourse`	-	USD	Point-in-time
Cash	`Cash`	$126.31K	USD	Point-in-time
Advances from prospective customers/distributors without recourse to the company	`AdvancesFromProspectiveCustomersDistributorsWithoutRecourseToTheCompany`	$757.90K	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$2.32K	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$296.05K	USD	Point-in-time
Advances from prospective customers/distributors without recourse to the company	`AdvancesFromProspectiveCustomersDistributorsWithoutRecourseToTheCompany`	$794.95K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$27.16K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$302.57K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$243.56K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$91.95K	USD	Point-in-time
Inventory	`InventoryNet`	$67.14K	USD	Point-in-time
Inventory	`InventoryNet`	$82.95K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Due from related parties	`DueFromRelatedParties`	$399.51K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$231.26K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$315.21K	USD	Point-in-time
Due from related parties	`DueFromRelatedParties`	$429.65K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.21M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.91M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$527.94K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$79.15K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$52.41K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$54.91K	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$315.21K	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$1.94M	USD	Point-in-time
Lease security deposit	`SecurityDeposit`	$86.81K	USD	Point-in-time
Lease security deposit	`SecurityDeposit`	$177.29K	USD	Point-in-time
Total Assets	`Assets`	$3.91M	USD	Point-in-time
Total Assets	`Assets`	$2.44M	USD	Point-in-time
Accounts payable and accrued expenses (including accounts payable and accrued expenses of VIE without recourse to the Company of $0 and $101,175 as of March 31, 2021 and December 31, 2020, respectively)	`AccountsPayableAndOtherAccruedLiabilities`	$101.17K	USD	Point-in-time
Accounts payable and accrued expenses (including accounts payable and accrued expenses of VIE without recourse to the Company of $0 and $101,175 as of March 31, 2021 and December 31, 2020, respectively)	`AccountsPayableAndOtherAccruedLiabilities`	-	USD	Point-in-time
Customer deposits (including customer deposits of VIE without recourse to the Company of $0 and $11,028 as of March 31, 2021 and December 31, 2020, respectively)	`CustomerDepositsCurrent`	-	USD	Point-in-time
Customer deposits (including customer deposits of VIE without recourse to the Company of $0 and $11,028 as of March 31, 2021 and December 31, 2020, respectively)	`CustomerDepositsCurrent`	$11.03K	USD	Point-in-time
Advances from prospective customers/distributors (including advances from prospective customers/distributors of VIE without recourse to the Company of $794,951 and $757,896 as of March 31 2021 and December 31, 2020, respectively)	`AdvancesFromProspectiveCustomersDistributorsIncludingAdvancesFromProspectiveCustomersDistributorsOfVieWithoutRecourseToTheCompany`	$757.90K	USD	Point-in-time
Advances from prospective customers/distributors (including advances from prospective customers/distributors of VIE without recourse to the Company of $794,951 and $757,896 as of March 31 2021 and December 31, 2020, respectively)	`AdvancesFromProspectiveCustomersDistributorsIncludingAdvancesFromProspectiveCustomersDistributorsOfVieWithoutRecourseToTheCompany`	$794.95K	USD	Point-in-time
Due to related parties (including due to related parties without recourse to the Company of $243,556, and $91,951 as of March 31, 2021 and December 31, 2020 respectively)	`DueToRelatedPartiesCurrent`	$243.56K	USD	Point-in-time
Due to related parties (including due to related parties without recourse to the Company of $243,556, and $91,951 as of March 31, 2021 and December 31, 2020 respectively)	`DueToRelatedPartiesCurrent`	$91.95K	USD	Point-in-time
Operating lease liabilities - current (including operating lease liabilities - current of VIE without recourse to the Company of $231,264 and $315,207 as of March 31, 2021 and December 31, 2020, respectively)	`OperatingLeaseLiabilityCurrent`	$456.15K	USD	Point-in-time
Operating lease liabilities - current (including operating lease liabilities - current of VIE without recourse to the Company of $231,264 and $315,207 as of March 31, 2021 and December 31, 2020, respectively)	`OperatingLeaseLiabilityCurrent`	$315.21K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.49M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.28M	USD	Point-in-time
Operating lease liabilities - non-current	`OperatingLeaseLiabilityNoncurrent`	$1.49M	USD	Point-in-time
Operating lease liabilities - non-current	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.98M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.28M	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
Additional Paid in Capital	`AdditionalPaidInCapital`	$1.99M	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$2.12M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.38M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-942.99K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$72.41K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$488.73K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$828.16K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$926.52K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.17M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.44M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.91M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Sales	`Sales`	-	USD	1 Quarter
Sales	`Sales`	$462.33K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$146.74K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	$315.59K	USD	1 Quarter
Sales commissions	`SalesCommissions`	-	USD	1 Quarter
Sales commissions	`SalesCommissions`	$138.35K	USD	1 Quarter
Employee compensation	`EmployeeCompensation`	$202.83K	USD	1 Quarter
Employee compensation	`EmployeeCompensation`	$19.48K	USD	1 Quarter
Occupancy	`Occupancy`	$75.93K	USD	1 Quarter
Occupancy	`Occupancy`	$107.73K	USD	1 Quarter
Depreciation and amortization of property and equipment	`DepreciationAmortizationAndAccretionNet`	$2.77K	USD	1 Quarter
Depreciation and amortization of property and equipment	`DepreciationAmortizationAndAccretionNet`	$1.82K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.15K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Other operating expenses	`OtherNonoperatingExpense`	$43.66K	USD	1 Quarter
Other operating expenses	`OtherNonoperatingExpense`	$300.32K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$754.16K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$140.90K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-140.90K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-438.57K	USD	1 Quarter
Interest expenses	`InterestExpense`	$105.00	USD	1 Quarter
Interest expenses	`InterestExpense`	$46.00	USD	1 Quarter
Total Other Income (Expenses)	`OtherNonoperatingIncomeExpense`	$-46.00	USD	1 Quarter
Total Other Income (Expenses)	`OtherNonoperatingIncomeExpense`	$-105.00	USD	1 Quarter
Loss before Provision for Income Tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-438.68K	USD	1 Quarter
Loss before Provision for Income Tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-140.95K	USD	1 Quarter
Provision for Income Tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-140.95K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-438.68K	USD	1 Quarter
Net loss per share basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	115.25M	shares	1 Quarter
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	118.13M	shares	1 Quarter
Net loss	`NetLoss`	$-140.95K	USD	1 Quarter
Net loss	`NetLoss`	$-438.68K	USD	1 Quarter
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossBeforeTax`	$-24.52K	USD	1 Quarter
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossBeforeTax`	$70.41K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-368.26K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-165.46K	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-140.95K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-438.68K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.82K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.93K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-293.73K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-34.81K	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-145.23K	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-275.41K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-15.80K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-86.22K	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$30.14K	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$7.64K	USD	1 Quarter
Lease security deposit	`LeaseSecurityDeposit`	-	USD	1 Quarter
Lease security deposit	`LeaseSecurityDeposit`	$-90.48K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-101.17K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-11.03K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	1 Quarter
Advances from prospective customers/distributors	`AdvancesFromProspectiveCustomersDistributors`	$37.05K	USD	1 Quarter
Advances from prospective customers/distributors	`AdvancesFromProspectiveCustomersDistributors`	-	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-93.85K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$151.60K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-491.59K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.00M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$48.28K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$451.56K	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-451.56K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-48.28K	USD	1 Quarter
Capital Contributions to Yubo Beijing	`ProceedsFromContributedCapital`	$127.16K	USD	1 Quarter
Capital Contributions to Yubo Beijing	`ProceedsFromContributedCapital`	$504.89K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$504.89K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$127.16K	USD	1 Quarter
Effect of exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$58.87K	USD	1 Quarter
Effect of exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$70.76K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$23.89K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.26M	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.15K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.26K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$126.31K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$25.15K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.26K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$126.31K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Operating lease right of use asset acquired	`OperatingLeaseRightOfUseAssetAcquired`	$1.93M	USD	1 Quarter
Operating lease right of use asset acquired	`OperatingLeaseRightOfUseAssetAcquired`	-	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$488.73K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$828.16K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$926.52K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$1.17M	USD	Point-in-time
Capital contributions to Yubo Beijing	`CapitalContributionsToYuboBeijing`	$504.89K	USD	1 Quarter
Capital contributions to Yubo Beijing	`CapitalContributionsToYuboBeijing`	$127.16K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-140.95K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-438.68K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$70.41K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-24.52K	USD	1 Quarter
Reverse acquisition of Yubo International Biotech Limited by Platinum International Biotech Co. Ltd., amount	`ReverseAcquisitionOfYuboInternationalBiotechLimitedByPlatinumInternationalBiotechCoLtdAmount`	-	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$488.73K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$828.16K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$926.52K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$1.17M	USD	Point-in-time

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