Kuber Resources Corp. Files Q3 2024 10-Q

TL;DR

Kuber Resources Corp. filed its Q3 2024 10-Q. Check financials.

AI Summary

Kuber Resources Corp. filed its 10-Q for the period ending September 30, 2024. The company, formerly known as UONLIVE CORP, is incorporated in Nevada and operates in the radio broadcasting sector. Financial details and specific operational updates for the third quarter of 2024 are presented in this filing.

Why It Matters

This filing provides investors with the latest financial performance and operational status of Kuber Resources Corp. for the third quarter of 2024.

Risk Assessment

Risk Level: medium — As a publicly traded company filing a 10-Q, there are inherent risks associated with its financial performance and market position.

Key Numbers

• 2024-09-30 — Fiscal Period End (Reporting period for the 10-Q filing.)
• 2024-11-19 — Filing Date (Date the 10-Q was officially filed with the SEC.)

Key Players & Entities

• Kuber Resources Corp. (company) — Filer
• UONLIVE CORP (company) — Former company name
• NV (state) — State of incorporation
• RADIO BROADCASTING STATIONS (industry) — Standard Industrial Classification
• 20240930 (date) — Fiscal period end date

FAQ

Key Financial Figures

• $0.001 — The number of shares of common stock, $0.001 par value, issued and outstanding as of

Filing Documents

• kr11724110q.htm (10-Q) — 759KB
• ex31_1.htm (EX-31.1) — 9KB
• ex31_2.htm (EX-31.2) — 9KB
• ex32_1.htm (EX-32.1) — 4KB
• ex32_2.htm (EX-32.2) — 4KB
• krorgchart.jpg (GRAPHIC) — 75KB
• 0001214659-24-019364.txt ( ) — 4671KB
• kubr-20240930.xsd (EX-101.SCH) — 39KB
• kubr-20240930_cal.xml (EX-101.CAL) — 60KB
• kubr-20240930_def.xml (EX-101.DEF) — 130KB
• kubr-20240930_lab.xml (EX-101.LAB) — 316KB
• kubr-20240930_pre.xml (EX-101.PRE) — 262KB
• kr11724110q_htm.xml (XML) — 566KB

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION: Item 1. Consolidated Financial Statements (Unaudited) 4 Consolidated Balance Sheets as of September 30, 2024 (Unaudited) and December 31, 2023 5 Consolidated Statements of Operations for the Three and Nine months ended September 30, 2024 and 2023 (Unaudited) 6 Consolidated Statements of Changes in Stockholders' Deficit for the Nine months ended September 30, 2024 and 2023 (Unaudited) 7 Consolidated Statements of Cash Flows for the Nine months ended September 30, 2024 and 2023 (Unaudited) 8 Notes to the Unaudited Consolidated Financial Statements (Unaudited) 9 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 29 Item 4.

Controls and Procedures

Controls and Procedures 30

OTHER INFORMATION

PART II OTHER INFORMATION: Item 1.

Legal Proceedings

Legal Proceedings 31 Item 1A.

Risk Factors

Risk Factors 31 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 31 Item 3. Defaults Upon Senior Securities 31 Item 4. Mine Safety Disclosures 31 Item 5. Other Information 31 Item 6. Exhibits 32

Signatures

Signatures 33 3 PART 1 – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements The accompanying interim consolidated financial statements of KUBER RESOURCES CORPORATION . ("the Company", "we", "us" or "our"), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted principles have been condensed or omitted pursuant to such rules and regulations. The interim consolidated financial statements should be read in conjunction with the company's latest annual financial statements. In the opinion of management, the consolidated financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented. 4 Kuber Resources Corporation Consolidated Balance Sheets As of September 30, 2024 and December 31, 2023 Unaudited September 30, 2024 December 31, 2023 ASSETS (Restated) Current Assets Cash and cash equivalents $ 103,653 $ 102,493 Accounts receivable, net 353,615 1,102,097 Inventory, net 95,782 - Advances to suppliers - - Due from related parties 4,164,501 1,110,136 Other receivables and current assets 98,805 29,617 Current assets of discontinued operations - 1,128,956 Total Current Assets 4,816,356 3,473,299 Non-Current Assets Property, plant and equipment, net - 103 Intangible assets, net 1,769,955 2,069,849 Other non-current assets 3,769 - Operating lease right of use asset, net 126,408 154,316 Non-Current assets of discontinued operations - 13,804 Total Non-Current Assets 1,900,132 2,238,072 Total Assets 6,716,488 5,711,371 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts payable and accrued expenses 674,396 351,733 Other payables - 3,518 Du

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 Unaudited Note 1 – Organization and Nature of Business Kuber Resources Corporation formerly known as Uonlive Corporation ("KUBR" or the "Company") was incorporated under the laws of the State of Nevada on January 29, 1998 as Weston International Development Corporation. On July 28, 1998, its name was changed to Txon International Development Corporation. On September 15, 2000, the Company changed its name to China World Trade Corporation. On July 2, 2008, the Company further changed its name to Uonlive Corporation. The Company ceased its former operations in early 2015. The Company has fully impaired all assets since the shutdown of its operations in 2015 and has recorded the effects of this impairment as part of its discontinued operations. On June 15, 2018, the eight judicial District Court of Nevada appointed Small Cap Compliance, LLC as custodian for Uonlive Corporations, proper notice having been given to the officers and directors of Uonlive Corporation and there was no opposition. On September 10, 2019, the Company filed a certificate of revival with the state of Nevada, appointing Raymond Fu as, President, Secretary, Treasurer and Director. On March 2, 2020, the Company entered into a Definitive Share Agreement whereby Raymond Fu, the sole shareholder of Asia Image Investment Limited ("Asia Image"), relinquished all his shares in Asia Image and acquired 100,000 shares of the Company. Consequently, Asia Image became a wholly-owned subsidiary of the Company. Since the major shareholder of the Company retained control of both the Company and Asia Image, the share exchange was accounted for as a reverse merger. As such, the Company recognized the assets and liabilities of Asia Image, acquired in the Reorganization, at their historical carrying amounts. On November 7, 2022, the Company acquired all shares of Kuber Resources (Hong Kong) Limited ("Kuber HK

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View this 10-Q filing on SEC EDGAR