2023 Q3 Form 10-Q Financial Statement

#000121390023066222 Filed on August 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $1.715M $1.706M
YoY Change 113.87% 102.88%
Cost Of Revenue $114.0K $108.6K
YoY Change -18.55% -4.19%
Gross Profit $1.601M $1.597M
YoY Change 141.89% 119.56%
Gross Profit Margin 93.35% 93.64%
Selling, General & Admin $389.5K $395.6K
YoY Change -10.25% 16.45%
% of Gross Profit 24.33% 24.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.26K $19.98K
YoY Change -4.63%
% of Gross Profit 1.2% 1.25%
Operating Expenses $389.5K $395.6K
YoY Change -10.25% 16.45%
Operating Profit $1.211M $1.202M
YoY Change 431.72% 209.87%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $9.447K -$55.48K
YoY Change -107.62% -195.49%
Pretax Income $1.221M $1.146M
YoY Change 1076.19% 157.06%
Income Tax $479.5K $455.9K
% Of Pretax Income 39.28% 39.77%
Net Earnings $741.2K $690.4K
YoY Change -2416.23% 159.71%
Net Earnings / Revenue 43.22% 40.47%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 1.701B shares 1.701B shares
Diluted Shares Outstanding 1.701B shares 1.701B shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $8.707M $8.060M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $643.4K $421.7K
Other Receivables
Total Short-Term Assets $9.390M $8.540M
YoY Change 22.87% 7.5%
LONG-TERM ASSETS
Property, Plant & Equipment $123.0K $142.9K
YoY Change -39.24% -38.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $163.0K $196.3K
YoY Change -44.9% -43.42%
TOTAL ASSETS
Total Short-Term Assets $9.390M $8.540M
Total Long-Term Assets $163.0K $196.3K
Total Assets $9.553M $8.736M
YoY Change 20.34% 5.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $619.6K $621.9K
YoY Change 7.17% 2.58%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $302.2K $200.6K
YoY Change -10.98% -60.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $619.6K $621.9K
Total Long-Term Liabilities $302.2K $200.6K
Total Liabilities $921.8K $822.5K
YoY Change 0.46% -25.82%
SHAREHOLDERS EQUITY
Retained Earnings $1.910M $1.169M
YoY Change 613.8% 290.2%
Common Stock $170.1K $170.1K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.632M $7.913M
YoY Change
Total Liabilities & Shareholders Equity $9.553M $8.736M
YoY Change 20.34% 5.37%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $741.2K $690.4K
YoY Change -2416.23% 159.71%
Depreciation, Depletion And Amortization $19.26K $19.98K
YoY Change -4.63%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of these financial statements in conformity with U.S. GAAP requires management of the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues, costs and expenses, and related disclosures. On an ongoing basis, the Company evaluates its estimates based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.</p>
eubg Variable Interest Entity Qualitative Or Quantitative Informations Ownership Percentage
VariableInterestEntityQualitativeOrQuantitativeInformationsOwnershipPercentage
0.50 pure
CY2023Q2 us-gaap Assets Held In Trust
AssetsHeldInTrust
2571 usd
CY2022Q4 us-gaap Assets Held In Trust
AssetsHeldInTrust
2717 usd
CY2023Q2 eubg Derived Services Revenues
DerivedServicesRevenues
440732 usd
CY2022Q2 eubg Derived Services Revenues
DerivedServicesRevenues
685213 usd
eubg Derived Services Revenues
DerivedServicesRevenues
792401 usd
eubg Derived Services Revenues
DerivedServicesRevenues
1504658 usd
eubg Schedule Of Revenue By Recognition Over Time Vs Point In Time Table Text Blok
ScheduleOfRevenueByRecognitionOverTimeVsPointInTimeTableTextBlok
Revenue by recognition over time vs point in time<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Three months ended<br/> June 30,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Six months ended<br/> June 30,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; text-align: left">Revenue recognized at a point in time</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,705,942</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">840,868</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,882,878</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,049,872</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Revenue recognized over time</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-74">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-75">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-76">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-77">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">1,705,942</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">840,868</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">2,882,878</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">2,049,872</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1705942 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
840868 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2882878 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2049872 usd
CY2023Q2 eubg Revenue Gross
RevenueGross
1705206 usd
CY2022Q2 eubg Revenue Gross
RevenueGross
680606 usd
eubg Revenue Gross
RevenueGross
2876812 usd
eubg Revenue Gross
RevenueGross
1779924 usd
CY2023Q2 eubg Revenue Net
RevenueNet
736 usd
CY2022Q2 eubg Revenue Net
RevenueNet
160262 usd
eubg Revenue Net
RevenueNet
6066 usd
eubg Revenue Net
RevenueNet
269948 usd
CY2023Q2 us-gaap Revenues
Revenues
1705942 usd
CY2022Q2 us-gaap Revenues
Revenues
840868 usd
us-gaap Revenues
Revenues
2882878 usd
us-gaap Revenues
Revenues
2049872 usd
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
216142 usd
CY2022 eubg Consultancy Fees Collected
ConsultancyFeesCollected
220183 usd
CY2022 eubg Refunded
Refunded
149992 usd
CY2022 eubg Consultancy Income Earned
ConsultancyIncomeEarned
262799 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
23534 usd
CY2023Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
29904 usd
CY2022Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
26814 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
46148 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
49959 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
445931 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1870042 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1116395 usd
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0.80 pure
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
0.50 pure
eubg Estimated Assessable Profit
EstimatedAssessableProfit
0.165 pure
eubg Balance Sheet Except For Equity Accounts
BalanceSheetExceptForEquityAccounts
7.2335
eubg Balance Sheet Except For Equity Accounts
BalanceSheetExceptForEquityAccounts
1
eubg Income Statement And Cash Flows
IncomeStatementAndCashFlows
6.9263
eubg Income Statement And Cash Flows
IncomeStatementAndCashFlows
1
eubg Balance Sheet Except For Equity Accounts
BalanceSheetExceptForEquityAccounts
6.6995
eubg Balance Sheet Except For Equity Accounts
BalanceSheetExceptForEquityAccounts
1
eubg Income Statement And Cash Flows
IncomeStatementAndCashFlows
6.4783
eubg Income Statement And Cash Flows
IncomeStatementAndCashFlows
1
eubg Range Prices
RangePrices
1 usd
eubg Tax Benefit Percentage
TaxBenefitPercentage
0.50 pure
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
690447 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
265850 usd
us-gaap Net Income Loss
NetIncomeLoss
1121904 usd
us-gaap Net Income Loss
NetIncomeLoss
657023 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1701181423 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1701181423 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1701181423 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1701181423 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2023Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.01
CY2023Q2 eubg Estimated Assessable Profit
EstimatedAssessableProfit
0.165 pure
eubg Estimated Assessable Profit
EstimatedAssessableProfit
0.165 pure
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
361936 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
378710 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
218993 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
189821 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
142943 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
188889 usd
CY2023Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
19978 usd
CY2022Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
20952 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
40298 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
42322 usd
CY2023Q2 eubg Deposits And Other Receivables
DepositsAndOtherReceivables
27730 usd
CY2022Q4 eubg Deposits And Other Receivables
DepositsAndOtherReceivables
15948 usd
CY2023Q2 eubg Prepayments
Prepayments
30322 usd
CY2022Q4 eubg Prepayments
Prepayments
57121 usd
CY2023Q2 eubg Total Other Receivables And Prepayments
TotalOtherReceivablesAndPrepayments
58052 usd
CY2022Q4 eubg Total Other Receivables And Prepayments
TotalOtherReceivablesAndPrepayments
73069 usd
CY2022Q2 eubg Estimated Assessable Profit
EstimatedAssessableProfit
0.165 pure
eubg Provision Tax In Percentage
ProvisionTaxInPercentage
0.0825 pure
CY2023Q2 eubg Provision Tax In Percentage
ProvisionTaxInPercentage
0.0825 pure
CY2022Q4 us-gaap Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
3276 usd
CY2023Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
421736 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
234978 usd
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
421736 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
234978 usd
CY2023Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
53934 usd
CY2022Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
60047 usd
CY2023Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
104012 usd
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
62830 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
145000 usd
CY2023Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
39511 usd
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
30838 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
71012 usd
CY2023Q2 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
197457 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
369727 usd
eubg Profit Percentage
ProfitPercentage
0.10 pure
eubg Registered Capital Percentage
RegisteredCapitalPercentage
0.50 pure
eubg Statutory Reserve Value
StatutoryReserveValue
65911 usd
CY2022 eubg Statutory Reserve Value
StatutoryReserveValue
65911 usd
eubg Reserves Percentage
ReservesPercentage
0.50 pure
CY2023Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-128860 usd
CY2022Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-138753 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-218881 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-253156 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1146312 usd
eubg Provision Tax In Percentage
ProvisionTaxInPercentage
0.0825 pure
CY2022Q2 eubg Provision Tax In Percentage
ProvisionTaxInPercentage
0.0825 pure
CY2022Q2 eubg Assessable Profits
AssessableProfits
275729 usd
eubg Assessable Profits
AssessableProfits
275729 usd
CY2023Q2 eubg Assessable Profits
AssessableProfits
275729 usd
eubg Assessable Profits
AssessableProfits
275729 usd
CY2022Q2 eubg Assessable Profits
AssessableProfits
2000000 hkd
eubg Assessable Profits
AssessableProfits
2000000 hkd
CY2023Q2 eubg Assessable Profits
AssessableProfits
2000000 hkd
eubg Assessable Profits
AssessableProfits
2000000 hkd
eubg Operating Waiver
OperatingWaiver
1 pure
CY2023Q2 eubg Operating Waiver
OperatingWaiver
1 pure
eubg Operating Waiver
OperatingWaiver
1 pure
CY2022Q2 eubg Operating Waiver
OperatingWaiver
1 pure
CY2023Q2 eubg Profit Tax Amount
ProfitTaxAmount
1379 usd
eubg Profit Tax Amount
ProfitTaxAmount
1379 usd
CY2022Q2 eubg Profit Tax Amount
ProfitTaxAmount
1379 usd
eubg Profit Tax Amount
ProfitTaxAmount
1379 usd
CY2023Q2 eubg Profit Tax Amount
ProfitTaxAmount
10000 hkd
eubg Profit Tax Amount
ProfitTaxAmount
10000 hkd
CY2022Q2 eubg Profit Tax Amount
ProfitTaxAmount
10000 hkd
eubg Profit Tax Amount
ProfitTaxAmount
10000 hkd
us-gaap Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
0.25 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.10 pure
CY2023Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
215020 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
188289 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
455865 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
180081 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
748138 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
459372 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1146312 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
445931 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1870042 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1116395 usd
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
240727 usd
CY2022Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
93645 usd
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
392709 usd
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
234443 usd
CY2023Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
53659 usd
CY2022Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
28736 usd
us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
90827 usd
us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
58186 usd
CY2023Q2 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
63398 usd
CY2022Q2 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
22653 usd
us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
100303 usd
us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
56475 usd
CY2023Q2 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
98081 usd
CY2022Q2 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
48672 usd
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
173751 usd
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
123893 usd
CY2022Q2 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-13625 usd
us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-9452 usd
us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-13625 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
455865 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
180081 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
748138 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
459372 usd
CY2023Q2 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
2460 usd
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
3558 usd
CY2023Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
11921 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
12535 usd
CY2023Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
14381 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
16093 usd
CY2023Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
215020 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
188289 usd
CY2023Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
14381 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
16093 usd
CY2023Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
200639 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
172196 usd
CY2021Q2 eubg Description Of Lease Agreement
DescriptionOfLeaseAgreement
On June 10, 2021, the Company entered into a lease agreement for office space in Xian, the PRC with a non-cancellable lease term, commencing on July 16, 2021 and expiring on July 15, 2024.
us-gaap Lease Cost
LeaseCost
4757 usd
us-gaap Lease Cost
LeaseCost
32951 cny
CY2023Q2 eubg Revenue Percentage Net
RevenuePercentageNet
0.10 pure
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
14098 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
14946 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
28545 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
30519 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
14098 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
14946 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
28545 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
30519 usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
27257 usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
27257 usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
54514 usd
CY2023Q2 us-gaap Receivable With Imputed Interest Net Amount
ReceivableWithImputedInterestNetAmount
1203 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
53311 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.049 pure
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
28545 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
30519 usd
eubg Revenue Percentage Net
RevenuePercentageNet
0.10 pure
eubg Revenue Percentage Net
RevenuePercentageNet
0.10 pure
CY2022Q2 eubg Revenue Percentage Net
RevenuePercentageNet
0.10 pure
eubg Net Accounts Receivable Rate
NetAccountsReceivableRate
0.10 pure
CY2022 eubg Net Accounts Receivable Rate
NetAccountsReceivableRate
0.10 pure
CY2023Q2 eubg Derived Services Revenues
DerivedServicesRevenues
440732 usd
CY2022Q2 eubg Derived Services Revenues
DerivedServicesRevenues
685213 usd
eubg Derived Services Revenues
DerivedServicesRevenues
792401 usd
eubg Derived Services Revenues
DerivedServicesRevenues
1504658 usd
eubg Cost Of Revenue Rate
CostOfRevenueRate
0.10 pure
eubg Cost Of Revenue Rate
CostOfRevenueRate
0.10 pure
eubg Accounts Payablepercentage
AccountsPayablepercentage
0.10 pure
CY2022 eubg Accounts Payablepercentage
AccountsPayablepercentage
0.10 pure
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8059731 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7193591 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
usd
eubg Consultancy Fees Collected
ConsultancyFeesCollected
usd
eubg Refunded
Refunded
usd
eubg Consultancy Income Earned
ConsultancyIncomeEarned
usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
usd
CY2023Q2 us-gaap Deferred Revenue
DeferredRevenue
usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
usd
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1701181423 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1701181423 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
eubg Range Prices
RangePrices
7.8 hkd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
usd
CY2023Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
usd
CY2023Q2 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
usd
CY2023Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
00000
dei Entity Central Index Key
EntityCentralIndexKey
0001171326

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