10-K Filing

YUBO INTERNATIONAL BIOTECH LTD CIK: 895464 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001640334-23-000632`
Period End Date	20221231
Filing Date	20230414
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	yubo_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 42 Cash Flow Statement 54 Stockholders Equity 13

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Accounts payable and accrued expense VIE without recourse	`AccountsPayableAndAccruedExpenseVieWithoutRecourse`	$276.32K	USD	Point-in-time
Accounts payable and accrued expense VIE without recourse	`AccountsPayableAndAccruedExpenseVieWithoutRecourse`	$69.75K	USD	Point-in-time
Advances from prospective customers/distributors without recourse to the company	`AdvancesFromProspectiveCustomersDistributorsWithoutRecourseToTheCompany`	$459.97K	USD	Point-in-time
Advances from prospective customers/distributors without recourse to the company	`AdvancesFromProspectiveCustomersDistributorsWithoutRecourseToTheCompany`	$484.96K	USD	Point-in-time
Due to related parties without course	`DueToRelatedPartiesWithoutCourse`	$1.06M	USD	Point-in-time
Due to related parties without course	`DueToRelatedPartiesWithoutCourse`	$532.12K	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.52K	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.22K	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.38M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$161.96K	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$51.93K	USD	Point-in-time
Operating lease liabilities, current of VIE without recourse	`OperatingLeaseLiabilitiesCurrentOfVieWithoutRecourse`	$293.99K	USD	Point-in-time
Operating lease liabilities, current of VIE without recourse	`OperatingLeaseLiabilitiesCurrentOfVieWithoutRecourse`	$316.19K	USD	Point-in-time
Operating lease liabilities, noncurrent of VIE without recourse	`OperatingLeaseLiabilitiesNoncurrentOfVieWithoutRecourse`	$122.98K	USD	Point-in-time
Operating lease liabilities, noncurrent of VIE without recourse	`OperatingLeaseLiabilitiesNoncurrentOfVieWithoutRecourse`	$288.34K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$64.25K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$306.98K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory	`InventoryNet`	$164.30K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory	`InventoryNet`	$322.17K	USD	Point-in-time
Due from related parties	`DueFromRelatedParties`	$293.43K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Due from related parties	`DueFromRelatedParties`	$397.59K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$750.01K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.06M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$616.65K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$643.87K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$38.88K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$67.68K	USD	Point-in-time
Operating leases right of use assets	`OperatingLeaseRightOfUseAsset`	$2.69M	USD	Point-in-time
Operating leases right of use assets	`OperatingLeaseRightOfUseAsset`	$790.50K	USD	Point-in-time
Lease security deposits	`SecurityDeposit`	$123.71K	USD	Point-in-time
Lease security deposits	`SecurityDeposit`	$152.16K	USD	Point-in-time
Total Assets	`Assets`	$2.35M	USD	Point-in-time
Total Assets	`Assets`	$4.59M	USD	Point-in-time
Accounts payable and accrued expenses (including accounts payable and accrued expenses of VIE without recourse to the Company of $276,325 and $69,746 of December 31, 2022 and December 31, 2021, respectively)	`AccountsPayableAndOtherAccruedLiabilities`	$549.84K	USD	Point-in-time
Accounts payable and accrued expenses (including accounts payable and accrued expenses of VIE without recourse to the Company of $276,325 and $69,746 of December 31, 2022 and December 31, 2021, respectively)	`AccountsPayableAndOtherAccruedLiabilities`	$275.83K	USD	Point-in-time
Advances from prospective customers/distributors (including advances from prospective customers/distributors of VIE without recourse to the Company of $459,970 and $484,956 as of December 31, 2022 and December 31, 2021, respectively)	`CustomerAdvancesAndDepositsCurrent`	$459.97K	USD	Point-in-time
Advances from prospective customers/distributors (including advances from prospective customers/distributors of VIE without recourse to the Company of $459,970 and $484,956 as of December 31, 2022 and December 31, 2021, respectively)	`CustomerAdvancesAndDepositsCurrent`	$484.96K	USD	Point-in-time
Due to related parties (including due to related parties without recourse to the Company of $1,057,052 and $532,121 as of December 31, 2022 and December 31, 2021 respectively)	`DueToRelatedPartiesCurrent`	$1.11M	USD	Point-in-time
Due to related parties (including due to related parties without recourse to the Company of $1,057,052 and $532,121 as of December 31, 2022 and December 31, 2021 respectively)	`DueToRelatedPartiesCurrent`	$1.26M	USD	Point-in-time
Operating lease liabilities - current (including operating lease liabilities - current of VIE without recourse to the Company of $316,185 and $293,985 as of December 31, 2022 and December 31, 2021, respectively)	`OperatingLeaseLiabilityCurrent`	$765.58K	USD	Point-in-time
Operating lease liabilities - current (including operating lease liabilities - current of VIE without recourse to the Company of $316,185 and $293,985 as of December 31, 2022 and December 31, 2021, respectively)	`OperatingLeaseLiabilityCurrent`	$400.05K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.52M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.79M	USD	Point-in-time
Operating lease liabilities - non-current (including operating lease liability - non- current of VIE without recourse to the Company of $122,976 and $288,337 as of December 31, 2022 and December 31, 2021, respectively)	`OperatingLeaseLiabilityNoncurrent`	$390.44K	USD	Point-in-time
Operating lease liabilities - non-current (including operating lease liability - non- current of VIE without recourse to the Company of $122,976 and $288,337 as of December 31, 2022 and December 31, 2021, respectively)	`OperatingLeaseLiabilityNoncurrent`	$1.93M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.91M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.72M	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
Preferred stock, par value $.01 per share, 5,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$2.94M	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$2.12M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.49M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$70.04K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$118.45K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.17M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$-131.20K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$-565.37K	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.35M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.59M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$1.24M	USD	Annual
Sales	`Revenues`	$104.28K	USD	Annual
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$423.73K	USD	Annual
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$51.63K	USD	Annual
Gross Profit	`GrossProfit`	$52.65K	USD	Annual
Gross Profit	`GrossProfit`	$820.65K	USD	Annual
Sales commissions	`SalesCommissionsAndFees`	$9.58K	USD	Annual
Sales commissions	`SalesCommissionsAndFees`	$182.37K	USD	Annual
Employee compensation	`EmployeeBenefitsAndShareBasedCompensation`	$674.72K	USD	Annual
Employee compensation	`EmployeeBenefitsAndShareBasedCompensation`	$681.92K	USD	Annual
Occupancy	`OccupancyNet`	$628.66K	USD	Annual
Occupancy	`OccupancyNet`	$362.35K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$46.85K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-45.13K	USD	Annual
Depreciation and amortization of property and equipment	`DepreciationDepletionAndAmortization`	$13.22K	USD	Annual
Depreciation and amortization of property and equipment	`DepreciationDepletionAndAmortization`	$18.10K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$8.18K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$9.44K	USD	Annual
Other operating expenses	`OtherExpenses`	$802.31K	USD	Annual
Other operating expenses	`OtherExpenses`	$228.82K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$2.36M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$1.26M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-1.54M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-1.21M	USD	Annual
Interest income (expense)	`InterestIncomeExpenseNet`	$229.00	USD	Annual
Interest income (expense)	`InterestIncomeExpenseNet`	$427.00	USD	Annual
Total Other Income (Expenses)	`OtherNonoperatingIncomeExpense`	$229.00	USD	Annual
Total Other Income (Expenses)	`OtherNonoperatingIncomeExpense`	$427.00	USD	Annual
Loss before Provision for Income Tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.54M	USD	Annual
Loss before Provision for Income Tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.20M	USD	Annual
Provision for Income Tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for Income Tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-1.54M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.20M	USD	Annual
Net loss per share basic and diluted	`EarningPerShareBasicAndDiluted`	$-0.01	USD	Annual
Net loss per share basic and diluted	`EarningPerShareBasicAndDiluted`	$-0.01	USD	Annual
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	118.72M	shares	Annual
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	118.13M	shares	Annual
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$-48.41K	USD	Annual
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$116.46K	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-1.43M	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-1.25M	USD	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$1.20M	USD	Annual
Net loss	`ProfitLoss`	$1.54M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$21.40K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$27.54K	USD	Annual
Write off of patent expense	`WriteOffOfPatentExpense`	$7.68K	USD	Annual
Write off of patent expense	`WriteOffOfPatentExpense`	-	USD	Annual
Receivables	`IncreaseDecreaseInReceivables`	$159.64K	USD	Annual
Receivables	`IncreaseDecreaseInReceivables`	$-110.03K	USD	Annual
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$279.82K	USD	Annual
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-242.72K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$157.87K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$97.16K	USD	Annual
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-32.06K	USD	Annual
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-104.16K	USD	Annual
Lease security deposit	`IncreaseDecreaseInSecurityDeposits`	$-65.35K	USD	Annual
Lease security deposit	`IncreaseDecreaseInSecurityDeposits`	$28.45K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$274.01K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$174.66K	USD	Annual
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	Annual
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-11.03K	USD	Annual
Advances from prospective customers/distributors	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-272.94K	USD	Annual
Advances from prospective customers/distributors	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-24.99K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$1.17M	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$669.19K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$68.23K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.02M	USD	Annual
Purchases of intangibles	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Purchases of intangibles	`PaymentsToAcquireIntangibleAssets`	$39.77K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$564.72K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-564.72K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.77K	USD	Annual
Capital Contributions to Yubo Beijing	`ProceedsFromContributedCapital`	$127.16K	USD	Annual
Capital Contributions to Yubo Beijing	`ProceedsFromContributedCapital`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$127.16K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-37.76K	USD	Annual
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$103.41K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-9.30K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.36M	USD	Annual
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.52K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.22K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.38M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.52K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.22K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.38M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Settlement of due to related party in exchange for 1,638,458 shares of Class A common stock	`SettlementOfDueToRelatedPartyInExchangeForSharesOfClassACommonStock`	-	USD	Annual
Settlement of due to related party in exchange for 1,638,458 shares of Class A common stock	`SettlementOfDueToRelatedPartyInExchangeForSharesOfClassACommonStock`	$819.23K	USD	Annual
Operating lease right of use asset acquired	`OperatingLeaseRightOfUseAssetAcquired`	-	USD	Annual
Operating lease right of use asset acquired	`OperatingLeaseRightOfUseAssetAcquired`	$3.17M	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$1.17M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-131.20K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-565.37K	USD	Point-in-time
Capital contribution to Yubo Beijing	`CapitalContributionToYuboBeijing`	$127.16K	USD	Annual
Reverse acquisitions of Yubo International Biotech Limited by Platinum International Biotech Co. Ltd., amount	`ReverseAcquisitionsAmount`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-1.54M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.20M	USD	Annual
Foreign currency adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-48.41K	USD	Annual
Foreign currency adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	Annual
Conversion of World Precision debt, amount	`ConversionOfWorldPrecisionDebtAmount`	$819.23K	USD	Annual
Balance, amount	`StockholdersEquity`	$1.17M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-131.20K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-565.37K	USD	Point-in-time

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