Kuber Resources Corp Files 2023 Annual Report on Form 10-K

TL;DR

<b>Kuber Resources Corp has filed its 2023 annual report (10-K) detailing its financial performance and corporate information.</b>

AI Summary

Kuber Resources Corp (KUBR) filed a Annual Report (10-K) with the SEC on April 16, 2024. Kuber Resources Corp filed its 2023 Form 10-K on April 16, 2024. The company's fiscal year ends on December 31st. Kuber Resources Corp was formerly known as UONLIVE CORP, CHINA WORLD TRADE CORP, and TXON INTERNATIONAL DEVELOPMENT CORP. The company is incorporated in Nevada (NV). Its SIC code is 4832 for Radio Broadcasting Stations.

Why It Matters

For investors and stakeholders tracking Kuber Resources Corp, this filing contains several important signals. This filing provides a comprehensive overview of Kuber Resources Corp's financial health and operational status for the fiscal year 2023, crucial for investors to assess the company's performance and future prospects. Understanding the company's history of name changes and its SIC code classification offers context into its business evolution and industry positioning.

Risk Assessment

Risk Level: — Kuber Resources Corp shows moderate risk based on this filing. The filing is a standard 10-K, providing historical financial data without immediate indicators of significant new risks or opportunities.

Analyst Insight

Review the full 10-K filing for detailed financial statements, management discussion, and risk factors to form an investment thesis.

Key Numbers

• 2023-12-31 — Fiscal Year End (Period of report)
• 2024-04-16 — Filing Date (Date of filing)
• 000-26119 — SEC File Number (SEC file number for Kuber Resources Corp)

Key Players & Entities

• Kuber Resources Corp (company) — Filer
• UONLIVE CORP (company) — Former company name
• CHINA WORLD TRADE CORP (company) — Former company name
• TXON INTERNATIONAL DEVELOPMENT CORP (company) — Former company name
• NV (location) — State of incorporation
• 4832 (industry_code) — Standard Industrial Classification

FAQ

Industry Context

Kuber Resources Corp operates within the Radio Broadcasting Stations industry, as indicated by its SIC code.

Regulatory Implications

The filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to submit annual reports to the SEC.

What Investors Should Do

1. Analyze the detailed financial statements within the 10-K for revenue, expenses, assets, and liabilities.
2. Review the 'Risk Factors' section (if present in the full document) for potential threats to the company's operations and profitability.
3. Examine any Management's Discussion and Analysis of Financial Condition and Results of Operations for insights into the company's performance drivers and outlook.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-04-16: Filing Date — Date the 10-K was officially filed with the SEC.

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This is the primary document filed by Kuber Resources Corp, containing essential financial and operational data.)

SIC Code

Standard Industrial Classification code, used to classify businesses based on their primary activity. (Indicates Kuber Resources Corp's classification within the Radio Broadcasting Stations industry.)

Year-Over-Year Comparison

This is the initial analysis of the 2023 10-K filing; comparison to prior filings would require access to those documents.

Key Financial Figures

• $4.06 — n the last reported trade on that date ($4.06), the aggregate market value of the vot
• $0.001 — 82 shares of the issuer's common stock, $0.001 par value outstanding. EXPLANATORY NOT
• $100,000 — tea in China can go for upwards of USD $100,000 2 . 1 Figures provided by Statista - h

Filing Documents

• krc32224010k.htm (10-K) — 743KB
• ex21_1.htm (EX-21.1) — 3KB
• ex23_1.htm (EX-23.1) — 7KB
• ex31_1.htm (EX-31.1) — 10KB
• ex31_2.htm (EX-31.2) — 9KB
• ex32_1.htm (EX-32.1) — 4KB
• ex32_2.htm (EX-32.2) — 4KB
• caindia_logo.jpg (GRAPHIC) — 6KB
• chart.jpg (GRAPHIC) — 76KB
• mail.jpg (GRAPHIC) — 1KB
• mercurius_log.jpg (GRAPHIC) — 12KB
• phone.jpg (GRAPHIC) — 1KB
• web.jpg (GRAPHIC) — 2KB
• 0001214659-24-006961.txt (&nbsp;) — 4228KB
• kubr-20231231.xsd (EX-101.SCH) — 33KB
• kubr-20231231_cal.xml (EX-101.CAL) — 48KB
• kubr-20231231_def.xml (EX-101.DEF) — 107KB
• kubr-20231231_lab.xml (EX-101.LAB) — 276KB
• kubr-20231231_pre.xml (EX-101.PRE) — 231KB
• krc32224010k_htm.xml (XML) — 450KB

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains certain forward-looking statements (as such term is defined in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act")). The statements herein, which are not historical facts, reflect our current expectations and projections about the Company's future results, performance, liquidity, financial condition, prospects and opportunities and are based upon information currently available to us and our management and our interpretation of what we believe to be significant factors affecting our business, including many assumptions about future events. Such forward-looking statements include statements regarding, among other things: our ability to deliver, market and generate sales of our import services; our ability to develop and/or introduce new import services; our projected revenues, profitability and other financial metrics; our future financing plans; our anticipated needs for working capital; the anticipated trends in our industry; our ability to expand our sales and marketing capability; acquisitions of other companies or assets that we might undertake in the future; competition existing today or that will likely arise in the future; and other factors discussed elsewhere herein.

Forward-looking statements,

Forward-looking statements, which involve assumptions and describe our plans, strategies, and expectations, are generally identifiable by use of the words "may," "should," "will," "plan," "could," "target," "contemplate," "predict," "potential," "continue," "expect," "anticipate," "estimate," "believe," "intend," "seek," or "project" or the negative of these words or other variations on these or similar words. Actual results, performance, liquidity, financial condition and results of operations, prospects and opportunities could differ materially from those expressed in, or implied by, these forward-looking statements because of various risks, uncertainties and other factors, including the ability to raise sufficient capital to continue the Company's operations. These statements may be found under

, Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations," as well as

Part II, Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations," as well as elsewhere in this Annual Report on Form 10-K generally. Actual events or results may differ materially from those discussed in forward-looking In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this Annual Report on Form 10-K will in fact occur. Potential investors should not place undue reliance on any forward-looking statements. Except as expressly required by the federal securities laws, there is no undertaking to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason. Potential investors should not make an investment decision based solely on our projections, estimates or expectations. The forward-looking statements in this Annual Report on Form 10-K represent our views as of the date of this Annual Report on Form 10-K. Such statements are presented only as some guide about future possibilities and do not represent assured events, and we anticipate that subsequent events and developments will cause our views to change. You should, therefore, not rely on these forward-looking statements as representing our views as of any date after the date of this Annual Report on Form 10-K. This Annual Report on Form 10-K also contains estimates and other statistical data prepared by independent parties and by us relating to market size and growth and other data about our industry. These estimates and data involve a number of assumptions and limitations, and potential investors are cautioned not to give undue weight to these estimates and data. We have not independently verified the statistical and other industry data generated by independent parties and contained in thi

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 11 Item 1B. Unresolved Staff Comments 11 Item 2.

Properties

Properties 11 Item 3.

Legal Proceedings

Legal Proceedings 11 Item 4. Mine Safety Disclosures 11 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 12 Item 6.

Selected Financial Data

Selected Financial Data 15 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 17 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 17 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 18 Item 9A.

Controls and Procedures

Controls and Procedures 18 Item 9B. Other Information 18 Item 10. Directors, Executive Officers and Corporate Governance 19 Item 11.

Executive Compensation

Executive Compensation 21 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholders Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholders Matters 22 Item 13. Certain Relationships and Related transactions, and Director Independence 24 Item 14. Principal Accounting Fees and Services 25 Item 15. Exhibits, Financial Statement Schedules 26

Signatures

Signatures 28 3 PART I

BUSINESS

ITEM 1. BUSINESS History of Our Company We were incorporated in the State of Nevada on January 29, 1998 under the name Weston International Development Corporation to conduct any lawful business, to exercise any lawful purpose and power, and to engage in any lawful act or activity for which corporations may be organized under the General Corporation Laws of Nevada. On July 28, 1998, its name was changed to Txon International Development Corporation. On August 14, 2000, pursuant to a share exchange agreement dated August 10, 2000, by and among Main Edge International Limited ("Main Edge"), Virtual Edge Limited ("Virtual Edge"), Richard Ford, Jeanie Hildebrand and Gary Lewis, we acquired from Main Edge all of the shares of Virtual Edge (the "Acquisition") in exchange for an aggregate of 1,961,175 shares of our common stock, which shares equaled 75.16% of Txon International's issued and outstanding shares after giving effect to the Acquisition. On September 15, 2000, Txon International Development Corporation changed its name to China World Trade Corporation ("CWTD"). On March 28, 2008, CWTD entered into a Share Exchange Agreement (the "Exchange Agreement") by and among CWTD, William Tsang ("Tsang"), Uonlive Limited, a corporation organized and existing under the laws of the Hong Kong SAR of the People's Republic of China ("Uonlive"), Tsun Sin Man Samuel, Chairman of Uonlive ("Tsun"), Hui Chi Kit, Chief Financial Officer of Uonlive ("Hui"), Parure Capital Limited, a corporation organized and existing under the laws of the British Virgin Islands and parent of Uonlive ("Parure Capital"). Upon closing of the share exchange transaction contemplated under the Exchange Agreement, Tsun and Hui transferred all of their share capital in Parure Capital to CWTD in exchange for an aggregate of 150,000,000 shares of common stock of the Registrant and 500,000 shares of Series A Convertible Preferred Stock of the Registrant, which is convertible after six months from the date o

View Full Filing

View this 10-K filing on SEC EDGAR