10-Q Filing

YUBO INTERNATIONAL BIOTECH LTD CIK: 895464 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001640334-23-000848`
Period End Date	20230331
Filing Date	20230515
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	yubo_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 44 Cash Flow Statement 46 Stockholders Equity 12

Balance Sheet 68 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`	$150.82K	USD	Point-in-time
Advances from prospective customers/distributors without recourse	`AdvancesFromProspectiveCustomersDistributorsWithoutRecourseToTheCompany`	$446.94K	USD	Point-in-time
Advances from prospective customers/distributors without recourse	`AdvancesFromProspectiveCustomersDistributorsWithoutRecourseToTheCompany`	$459.97K	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.22K	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.52K	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.44K	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.23K	USD	Point-in-time
Due to related parties without recourse	`DueToRelatedPartiesWithoutResorces`	$1.06M	USD	Point-in-time
Due to related parties without recourse	`DueToRelatedPartiesWithoutResorces`	$1.39M	USD	Point-in-time
Operating lease liabilities current of VIE without recourse	`OperatingLeaseLiabilitiesCurrentOfVieWithoutRecourse`	$316.19K	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$58.22K	USD	Point-in-time
Operating lease liabilities current of VIE without recourse	`OperatingLeaseLiabilitiesCurrentOfVieWithoutRecourse`	$294.90K	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$51.93K	USD	Point-in-time
Operating lease liability non current of VIE without recourse	`NonCurrentOperatingLeaseLiability`	$122.98K	USD	Point-in-time
Operating lease liability non current of VIE without recourse	`NonCurrentOperatingLeaseLiability`	$97.76K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$41.78K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$64.25K	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
Inventory	`InventoryNet`	$322.17K	USD	Point-in-time
Inventory	`InventoryNet`	$224.63K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Due from related parties	`DueFromRelatedParties`	$293.43K	USD	Point-in-time
Due from related parties	`DueFromRelatedParties`	$294.40K	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`	$649.25K	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`	$608.45K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$67.68K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$64.93K	USD	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	$667.05K	USD	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	$790.50K	USD	Point-in-time
Lease security deposit	`SecurityDeposit`	$123.71K	USD	Point-in-time
Lease security deposit	`SecurityDeposit`	$124.05K	USD	Point-in-time
Total Assets	`Assets`	$2.35M	USD	Point-in-time
Total Assets	`Assets`	$2.11M	USD	Point-in-time
Accounts payable and accrued expenses (including accounts payable and accrued expenses of VIE without recourse to the Company of $150,821 and $276,325 of March 31, 2023 and December 31, 2022, 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 $150,821 and $276,325 of March 31, 2023 and December 31, 2022, respectively)	`AccountsPayableAndOtherAccruedLiabilities`	$381.18K	USD	Point-in-time
Advances from prospective customers/distributors -including advances from prospective customers/distributors of VIE without recourse to the Company of $446,942 and $459,970 as of March 31, 2022 and December 31, 2021, respectively)	`CustomerDepositsCurrent`	$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 $446,942 and $459,970 as of March 31, 2022 and December 31, 2021, respectively)	`CustomerDepositsCurrent`	$446.94K	USD	Point-in-time
Due to related parties -including due to related parties without recourse to the Company of $1,390,546 and $1,057,052 as of March 31, 2023 and December 31, 2022, respectively)	`DueToRelatedPartiesCurrent`	$1.46M	USD	Point-in-time
Due to related parties -including due to related parties without recourse to the Company of $1,390,546 and $1,057,052 as of March 31, 2023 and December 31, 2022, respectively)	`DueToRelatedPartiesCurrent`	$1.11M	USD	Point-in-time
Operating lease liabilities - current -including operating lease liabilities - current of VIE without recourse to the Company of $294,901 and $316,185 as of March 31, 202 and December 31, 2022, respectively)	`OperatingLeaseLiabilityCurrent`	$382.80K	USD	Point-in-time
Operating lease liabilities - current -including operating lease liabilities - current of VIE without recourse to the Company of $294,901 and $316,185 as of March 31, 202 and December 31, 2022, respectively)	`OperatingLeaseLiabilityCurrent`	$400.05K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.67M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.52M	USD	Point-in-time
Operating lease liabilities - non-current (including operating lease liability - non- current of VIE without recourse to the Company of $97,757 and $122,976 as of March 31, 2023 and December 31, 2022, 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 $97,757 and $122,976 as of March 31, 2023 and December 31, 2022, respectively)	`OperatingLeaseLiabilityNoncurrent`	$284.25K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.95M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.91M	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`	$2.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.69M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$113.33K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$70.04K	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 Shareholders' Equity	`StockholdersEquity`	$-838.75K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$-760.12K	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.35M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.11M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$15.21K	USD	1 Quarter
Sales	`Revenues`	$156.62K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$6.95K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$98.92K	USD	1 Quarter
Gross Profit	`GrossProfit`	$8.27K	USD	1 Quarter
Gross Profit	`GrossProfit`	$57.69K	USD	1 Quarter
Sales commissions	`SalesCommissionsAndFees`	-	USD	1 Quarter
Sales commissions	`SalesCommissionsAndFees`	$3.82K	USD	1 Quarter
Employee compensation	`EmployeeBenefitsAndShareBasedCompensation`	$156.81K	USD	1 Quarter
Employee compensation	`EmployeeBenefitsAndShareBasedCompensation`	$218.23K	USD	1 Quarter
Occupancy	`OccupancyNet`	$259.27K	USD	1 Quarter
Occupancy	`OccupancyNet`	$118.82K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$47.08K	USD	1 Quarter
Depreciation and amortization of property and equipment	`DepreciationAndAmortization`	$6.59K	USD	1 Quarter
Depreciation and amortization of property and equipment	`DepreciationAndAmortization`	$3.53K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.05K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.97K	USD	1 Quarter
Other operating expenses	`OtherExpenses`	$97.04K	USD	1 Quarter
Other operating expenses	`OtherExpenses`	$53.22K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$587.20K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$374.22K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-316.53K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-578.93K	USD	1 Quarter
Interest income (expense)	`InterestExpense`	$13.00	USD	1 Quarter
Interest income (expense)	`InterestExpense`	$135.00	USD	1 Quarter
Total Other Income (Expenses)	`OtherNonoperatingIncomeExpense`	$-13.00	USD	1 Quarter
Total Other Income (Expenses)	`OtherNonoperatingIncomeExpense`	$-135.00	USD	1 Quarter
Loss before Provision for Income Tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-578.95K	USD	1 Quarter
Loss before Provision for Income Tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-316.67K	USD	1 Quarter
Provision for Income Tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-316.67K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-578.95K	USD	1 Quarter
Net loss per share basic and diluted	`EarningPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share basic and diluted	`EarningPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	119.82M	shares	1 Quarter
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	118.18M	shares	1 Quarter
Net loss	`ProfitLoss`	$-316.67K	USD	1 Quarter
Net loss	`ProfitLoss`	$-578.95K	USD	1 Quarter
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossBeforeTax`	$-49.98K	USD	1 Quarter
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossBeforeTax`	$43.28K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-628.92K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-273.38K	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-316.67K	USD	1 Quarter
Net loss	`ProfitLoss`	$-578.95K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.58K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.56K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$47.08K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$6.29K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$37.97K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-22.48K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-36.83K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-11.45K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-97.55K	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-78.83K	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$965.00	USD	1 Quarter
Lease security deposit	`IncreaseDecreaseInLeaseSecurityDeposits`	$-344.00	USD	1 Quarter
Lease security deposit	`IncreaseDecreaseInLeaseSecurityDeposits`	$59.48K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-168.65K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$118.88K	USD	1 Quarter
Advances from prospective customers/distributors	`AdvancesFromProspectiveCustomersDistributors`	$13.03K	USD	1 Quarter
Advances from prospective customers/distributors	`AdvancesFromProspectiveCustomersDistributors`	$1.02K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$343.70K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$310.80K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-32.67K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$50.97K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.61K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.61K	USD	1 Quarter
Cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-58.44K	USD	1 Quarter
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.68K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$12.01K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-17.08K	USD	1 Quarter
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.22K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.52K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.44K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.23K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.22K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.52K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.44K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.23K	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

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-131.20K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-565.37K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-838.75K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-760.12K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-316.67K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-578.95K	USD	1 Quarter
Foreign currency adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$43.28K	USD	1 Quarter
Foreign currency adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-49.98K	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$-131.20K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-565.37K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-838.75K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-760.12K	USD	Point-in-time

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