$HBUV
Hubilu Venture Corp Stock $hbuv

$hbuv Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-K Financial Statement

#000149315223015211 Filed on May 02, 2023

Income Statement

Concept	2023 Q2	2022 Q4	2022
Revenue	$426.1K	$437.8K	$1.580M
YoY Change	8.2%	36.36%	32.44%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$123.0K	$123.3K	$523.6K
YoY Change	-5.35%	65.72%	55.81%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$56.98K	$55.05K	$208.6K
YoY Change	13.31%	70.28%	77.31%
% of Gross Profit
Operating Expenses	$188.5K	$196.1K	$798.6K
YoY Change	-5.01%	-615.05%	52.0%
Operating Profit	$237.6K		$781.1K
YoY Change	21.61%		17.04%
Interest Expense	$236.0K	-$233.9K	$925.2K
YoY Change	3.76%	-0.34%	-242.66%
% of Operating Profit	99.31%		118.45%
Other Income/Expense, Net	-$236.0K	$0.00	-$895.4K
YoY Change	3.76%	-100.0%	-3835.54%
Pretax Income	$1.640K	$7.850K	-$114.3K
YoY Change	-105.12%	-109.21%	-366.66%
Income Tax
% Of Pretax Income
Net Earnings	$1.639K	$7.850K	-$114.3K
YoY Change	-105.12%	-109.21%	-366.65%
Net Earnings / Revenue	0.38%	1.79%	-7.23%
Basic Earnings Per Share	$0.00		$0.00
Diluted Earnings Per Share	$0.00	$0.00	$0.00
COMMON SHARES
Basic Shares Outstanding	26.24M shares		26.24M shares
Diluted Shares Outstanding	26.35M shares		26.24M shares

Balance Sheet

Concept	2023 Q2	2022 Q4	2022
SHORT-TERM ASSETS
Cash & Short-Term Investments	$38.38K	$98.85K	$98.85K
YoY Change	-84.5%	-53.0%	-53.0%
Cash & Equivalents	$31.59K	$92.07K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$31.59K	$92.07K	$98.85K
YoY Change	-86.9%	-54.81%	-53.0%
LONG-TERM ASSETS
Property, Plant & Equipment	$17.10M	$16.99M	$16.99M
YoY Change	1.47%	22.24%	22.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$17.11M	$17.00M	$16.99M
YoY Change	1.47%	22.23%	22.24%
TOTAL ASSETS
Total Short-Term Assets	$31.59K	$92.07K	$98.85K
Total Long-Term Assets	$17.11M	$17.00M	$16.99M
Total Assets	$17.14M	$17.09M	$17.09M
YoY Change	0.22%	21.12%	21.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable			$0.00
YoY Change			-100.0%
Accrued Expenses	$10.96K	$9.420K	$9.420K
YoY Change	39.8%
Deferred Revenue
YoY Change
Short-Term Debt	$520.4K	$610.0K	$610.0K
YoY Change	-94.92%	-90.5%	-90.5%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.509M	$2.524M	$1.494M
YoY Change	1.7%	82.52%	-78.95%
LONG-TERM LIABILITIES
Long-Term Debt	$16.55M	$16.49M	$16.49M
YoY Change	136.4%	110.32%	110.32%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$16.55M	$16.49M	$16.49M
YoY Change	136.4%	110.32%	110.32%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.509M	$2.524M	$1.494M
Total Long-Term Liabilities	$16.55M	$16.49M	$16.49M
Total Liabilities	$18.01M	$17.98M	$17.98M
YoY Change	0.1%	20.41%	20.41%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.743M	-$1.741M
YoY Change	2.14%	7.03%
Common Stock	$26.24K	$26.24K
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$868.7K	-$892.6K	-$892.6K
YoY Change
Total Liabilities & Shareholders Equity	$17.14M	$17.09M	$17.09M
YoY Change	0.22%	21.12%	21.12%

Cashflow Statement

Concept	2023 Q2	2022 Q4	2022
OPERATING ACTIVITIES
Net Income	$1.639K	$7.850K	-$114.3K
YoY Change	-105.12%	-109.21%	-366.65%
Depreciation, Depletion And Amortization	$56.98K	$55.05K	$208.6K
YoY Change	13.31%	70.28%	77.31%
Cash From Operating Activities	$48.29K	$61.79K	$241.3K
YoY Change	-53.75%	375.67%	-14.06%
INVESTING ACTIVITIES
Capital Expenditures	$115.4K	$110.9K	$559.9K
YoY Change	-199.14%	-187.77%	-214.75%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$115.4K	-$110.9K	-$559.9K
YoY Change	-0.86%	-12.23%	14.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	10.26K	103.3K	$206.9K
YoY Change	-92.1%	-64.02%	-22.27%
NET CHANGE
Cash From Operating Activities	48.29K	61.79K	$241.3K
Cash From Investing Activities	-115.4K	-110.9K	-$559.9K
Cash From Financing Activities	10.26K	103.3K	$206.9K
Net Change In Cash	-56.90K	54.26K	-$111.7K
YoY Change	-148.26%	-68.79%	-289.05%
FREE CASH FLOW
Cash From Operating Activities	$48.29K	$61.79K	$241.3K
Capital Expenditures	$115.4K	$110.9K	$559.9K
Free Cash Flow	-$67.16K	-$49.08K	-$318.6K
YoY Change	-130.41%	-135.23%	-141.44%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 205
CY2022	dei	Entity Address City Or Town EntityAddressCityOrTown	Beverly Hills
CY2022	dei	Entity Address State Or Province EntityAddressStateOrProvince	CA
CY2022	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	90212
CY2022	dei	Entity File Number EntityFileNumber	000-55611
CY2022	dei	Entity Registrant Name EntityRegistrantName	Hubilu Venture Corporation
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	47-3342387
CY2022	dei	Entity Address Address Line1 EntityAddressAddressLine1	205 South Beverly Drive
CY2022	dei	Entity Central Index Key EntityCentralIndexKey	0001639068
CY2022	dei	Amendment Flag AmendmentFlag	false
CY2022	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2022	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2021Q4	HBUV	Property Acquisition And Financing PropertyAcquisitionAndFinancing		usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent		usd
CY2021Q4	us-gaap	Interest Payable Current InterestPayableCurrent		usd
CY2022	HBUV	Gain On Economic Diasaster Injury Loan And Forgiveness GainOnEconomicDiasasterInjuryLoanAndForgiveness		usd
CY2022	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets		usd
CY2022	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense		usd
CY2021	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits		usd
CY2021	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities		usd
CY2022	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt		usd
CY2021	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive		usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2022Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet		usd
CY2021Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet		usd
CY2022	dei	Document Type DocumentType	10-K
CY2022	dei	Document Annual Report DocumentAnnualReport	true
CY2022	dei	Document Period End Date DocumentPeriodEndDate	2022-12-31
CY2022	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022	dei	Document Transition Report DocumentTransitionReport	false
CY2022	dei	City Area Code CityAreaCode	(310)
CY2022	dei	Local Phone Number LocalPhoneNumber	308-7887
CY2022	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2022	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2022	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022	dei	Entity Small Business EntitySmallBusiness	true
CY2022	dei	Entity Shell Company EntityShellCompany	false
CY2022Q2	dei	Entity Public Float EntityPublicFloat	110040	usd
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	26237125	shares
CY2022	dei	Auditor Firm AuditorFirmId	2738
CY2022	dei	Auditor Name AuditorName	M&K CPAS, PLLC
CY2022	dei	Auditor Location AuditorLocation	Houston, TX
CY2022Q4	us-gaap	Cash Cash	92068	usd
CY2021Q4	us-gaap	Cash Cash	203738	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	92068	usd
CY2021Q4	us-gaap	Assets Current AssetsCurrent	203738	usd
CY2022Q4	us-gaap	Land Land	11800304	usd
CY2021Q4	us-gaap	Land Land	9853679	usd
CY2022Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	5458695	usd
CY2021Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	4402248	usd
CY2022Q4	HBUV	Property Acquisition And Financing PropertyAcquisitionAndFinancing	296463	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	564647	usd
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	356036	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	16990815	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	13899891	usd
CY2022Q4	us-gaap	Deposits Assets DepositsAssets	6783	usd
CY2021Q4	us-gaap	Deposits Assets DepositsAssets	6600	usd
CY2022Q4	us-gaap	Assets Assets	17089666	usd
CY2021Q4	us-gaap	Assets Assets	14110229	usd
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	2373	usd
CY2022Q4	us-gaap	Interest Payable Current InterestPayableCurrent	9415	usd
CY2022Q4	us-gaap	Security Deposit Liability SecurityDepositLiability	246669	usd
CY2021Q4	us-gaap	Security Deposit Liability SecurityDepositLiability	199184	usd
CY2022Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	474271	usd
CY2021Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	474271	usd
CY2022Q4	HBUV	Mortgages Payable Current Maturities MortgagesPayableCurrentMaturities	1640175	usd
CY2021Q4	HBUV	Mortgages Payable Current Maturities MortgagesPayableCurrentMaturities	1511568	usd
CY2022Q4	us-gaap	Dividends Payable Current DividendsPayableCurrent	153514	usd
CY2021Q4	us-gaap	Dividends Payable Current DividendsPayableCurrent	107074	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2524044	usd
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2294470	usd
CY2022Q4	us-gaap	Notes Payable Related Parties Current And Noncurrent NotesPayableRelatedPartiesCurrentAndNoncurrent	89593	usd
CY2021Q4	us-gaap	Notes Payable Related Parties Current And Noncurrent NotesPayableRelatedPartiesCurrentAndNoncurrent	89593	usd
CY2022Q4	HBUV	Mortgages Payable MortgagesPayable	14848206	usd
CY2021Q4	HBUV	Mortgages Payable MortgagesPayable	12040283	usd
CY2022Q4	HBUV	Preferred Shares Value PreferredSharesValue	520400	usd
CY2021Q4	HBUV	Preferred Shares Value PreferredSharesValue	510400	usd
CY2022Q4	us-gaap	Liabilities Liabilities	17982243	usd
CY2021Q4	us-gaap	Liabilities Liabilities	14934746	usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	26237125	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	26237125	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	26237125	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	26237125	shares
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	26237	usd
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	26237	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	821981	usd
CY2021Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	775755	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1740795	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1626509	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-892577	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	-824517	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	17089666	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	14110229	usd
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1579682	usd
CY2021	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1192782	usd
CY2022	us-gaap	Labor And Related Expense LaborAndRelatedExpense	79175	usd
CY2021	us-gaap	Labor And Related Expense LaborAndRelatedExpense	110375	usd
CY2022	us-gaap	Professional Fees ProfessionalFees	61916	usd
CY2021	us-gaap	Professional Fees ProfessionalFees	395	usd
CY2022	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	198038	usd
CY2021	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	123203	usd
CY2022	us-gaap	Utilities Operating Expense UtilitiesOperatingExpense	66357	usd
CY2021	us-gaap	Utilities Operating Expense UtilitiesOperatingExpense	69671	usd
CY2022	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	184462	usd
CY2021	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	104065	usd
CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	589948	usd
CY2021	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	407709	usd
CY2022	us-gaap	Depreciation Depreciation	208611	usd
CY2021	us-gaap	Depreciation Depreciation	117653	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	798559	usd
CY2021	us-gaap	Operating Expenses OperatingExpenses	525362	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	781123	usd
CY2021	us-gaap	Operating Income Loss OperatingIncomeLoss	667420	usd
CY2022	us-gaap	Other Income OtherIncome	29800	usd
CY2021	us-gaap	Other Income OtherIncome	45180	usd
CY2022	us-gaap	Interest Expense InterestExpense	925209	usd
CY2021	us-gaap	Interest Expense InterestExpense	669737	usd
CY2022	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-895409	usd
CY2021	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-624557	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-114286	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	42863	usd
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.00
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	26237125	shares
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	26237125	shares
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.00
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	26237125	shares
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	26742421	shares
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	-900579	usd
CY2021	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	33199	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	42863	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	-824517	usd
CY2022	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	46226	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-114286	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-114286	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-892577	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-114286	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	42863	usd
CY2022	us-gaap	Depreciation And Amortization DepreciationAndAmortization	208611	usd
CY2021	us-gaap	Depreciation And Amortization DepreciationAndAmortization	117653	usd
CY2022	HBUV	Imputed Interest Paid ImputedInterestPaid	46226	usd
CY2021	HBUV	Imputed Interest Paid ImputedInterestPaid	33199	usd
CY2021	HBUV	Gain On Economic Diasaster Injury Loan And Forgiveness GainOnEconomicDiasasterInjuryLoanAndForgiveness	-4000	usd
CY2022	HBUV	Cummulative Preferred Stock Dividends Payable CummulativePreferredStockDividendsPayable	46440	usd
CY2021	HBUV	Cummulative Preferred Stock Dividends Payable CummulativePreferredStockDividendsPayable	21210	usd
CY2021	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-18030	usd
CY2021	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-3865	usd
CY2022	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits	-183	usd
CY2022	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	9415	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-2373	usd
CY2021	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-7850	usd
CY2022	HBUV	Increase Decrease In Security Deposits Payable IncreaseDecreaseInSecurityDepositsPayable	47485	usd
CY2021	HBUV	Increase Decrease In Security Deposits Payable IncreaseDecreaseInSecurityDepositsPayable	55851	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	241335	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	280821	usd
CY2022	us-gaap	Payments To Acquire Buildings PaymentsToAcquireBuildings	559903	usd
CY2021	us-gaap	Payments To Acquire Buildings PaymentsToAcquireBuildings	487927	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-559903	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-487927	usd
CY2021	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	18229	usd
CY2022	HBUV	Proceeds Received From Mortgages Payable ProceedsReceivedFromMortgagesPayable	785537	usd
CY2021	HBUV	Proceeds Received From Mortgages Payable ProceedsReceivedFromMortgagesPayable	277189	usd
CY2022	HBUV	Repayments On Mortgages Payable RepaymentsOnMortgagesPayable	588639	usd
CY2021	HBUV	Repayments On Mortgages Payable RepaymentsOnMortgagesPayable	2780	usd
CY2022	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	10000	usd
CY2021	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	10000	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	206898	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	266180	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-111670	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	59074	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	203738	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	144664	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	92068	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	203738	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	869568	usd
CY2021	us-gaap	Interest Paid Net InterestPaidNet	638537	usd
CY2022	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	63707	usd
CY2022	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	2739632	usd
CY2021	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	4182057	usd
CY2022	us-gaap	Nature Of Operations NatureOfOperations	<p id="xdx_801_eus-gaap--NatureOfOperations_zfrZXCVCWHI1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 – <span id="xdx_820_zGuzr7iVPQk4">NATURE OF BUSINESS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hubilu Venture Corporation (“the Company”) was incorporated under the laws of the state of <span id="xdx_90A_edei--EntityIncorporationStateCountryCode_c20220101__20221231_z8M9k2w5kASd" title="Entity state of incorporation">Delaware</span> on <span id="xdx_909_edei--EntityIncorporationDateOfIncorporation_dd_c20220101__20221231_zALqrxR5yW21" title="Date of incorporation">March 2, 2015</span> and is a publicly traded real estate consulting, asset management and business acquisition company, which specializes in acquiring student housing income properties and development/business opportunities located near within the Los Angeles area.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022	dei	Entity Incorporation Date Of Incorporation EntityIncorporationDateOfIncorporation	2015-03-02
CY2022	us-gaap	Basis Of Accounting BasisOfAccounting	<p id="xdx_809_eus-gaap--BasisOfAccounting_zfN6Zzb9zM44" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 2 – <span id="xdx_824_z97Ex0cyikK1">BASIS OF PRESENTATION AND ABILITY TO CONTINUE AS A GOING CONCERN</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying consolidated financial statements include the accounts of the Company and each of its wholly owned subsidiaries: Akebia Investments LLC, Zinnia Investments, LLC, Sunza Investments, LLC, Lantana Investments LLC, Elata Investments, LLC, Trilosa Investments, LLC, Kapok Investements, LLC, Boabab Investments, LLC, and Mopane Investments, LLC. All intercompany transactions have been eliminated on consolidation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) on the basis that the Company will continue as a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for the next year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At December 31, 2022, the Company had not yet achieved profitable operations, had an accumulated deficit of $<span id="xdx_90A_eus-gaap--RetainedEarningsAccumulatedDeficit_iNI_di_c20221231_z83Ind1VxkQe" title="Accumulated deficit">1,740,795</span> since inception and expects to incur further losses in the development of its business, all of which casts substantial doubt upon the Company’s ability to continue as a going concern and, therefore, that it may be unable to realize its assets and discharge its liabilities in the normal course of business.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. Management intends to focus on raising additional funds either by way of debt or equity issuances in order to continue operations. The Company cannot provide any assurance or guarantee that it will be able to obtain additional financing or generate revenues sufficient to maintain operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1740795	usd
CY2022	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_841_eus-gaap--UseOfEstimates_zUVSCnkBgUs8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_860_zMGSNzidnwy">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with US GAAP which requires management to make estimates and assumptions that in certain circumstances affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and revenues and expenses. These estimates are prepared using management’s best judgment, after considering past, current and expected events and economic conditions. Actual results could differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p id="xdx_84B_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zmACodEyCZMk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_861_zWvJvDtILu59">Reclassifications</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Certain reclassifications have been made to the prior years’ financial statements to conform to current year presentation. These reclassifications had no effect on previously reported results of operations or retained earnings.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p>
CY2021Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	356036	usd
CY2020Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	238383	usd
CY2022	us-gaap	Depreciation Depreciation	208611	usd
CY2021	us-gaap	Depreciation Depreciation	117653	usd
CY2022Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	564647	usd
CY2021Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	356036	usd
CY2022Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Land RealEstateAndAccumulatedDepreciationInitialCostOfLand	11800304	usd
CY2022Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements	4066456	usd
CY2022Q4	us-gaap	Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements	1392239	usd
CY2022Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	564647	usd
CY2022Q4	srt	Real Estate And Accumulated Depreciation Amount Of Encumbrances RealEstateAndAccumulatedDepreciationAmountOfEncumbrances	16213381	usd
CY2022Q4	HBUV	Real Estate And Accumulated Depreciation Amount Of Security Deposits RealEstateAndAccumulatedDepreciationAmountOfSecurityDeposits	246669	usd
CY2022Q4	HBUV	Real Estate And Accumulated Depreciation Closing Costs RealEstateAndAccumulatedDepreciationClosingCosts	296463	usd
CY2022Q4	us-gaap	Mortgage Loans On Real Estate MortgageLoansOnRealEstate	16488381	usd
CY2021Q4	us-gaap	Mortgage Loans On Real Estate MortgageLoansOnRealEstate	13551851	usd
CY2022Q4	HBUV	Current Maturities CurrentMaturities	1640175	usd
CY2021Q4	HBUV	Current Maturities CurrentMaturities	1511568	usd
CY2022Q4	HBUV	Mortgages Payable MortgagesPayable	14848206	usd
CY2021Q4	HBUV	Mortgages Payable MortgagesPayable	12040283	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	1640175	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	319776	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	521267	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	152000	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	13855163	usd
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	16488381	usd
CY2021	us-gaap	Income Tax Examination Description IncomeTaxExaminationDescription	On December 22, 2017, the Tax Cuts and Jobs Act (2017 Tax Act) was enacted. The 2017 Tax Act includes a number of changes to existing U.S. tax laws that impact the Company, most notably a reduction of the U.S. corporate tax rate from 34% to 21%, for tax years beginning after December 31, 2017
CY2017	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2022	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-70900	usd
CY2021	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-79000	usd
CY2022	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	28500	usd
CY2021	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	22000	usd
CY2022	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	42400	usd
CY2021	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	57000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	208339	usd
CY2021Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	184339	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	208339	usd
CY2021Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	184339	usd
CY2022Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	414570	usd
CY2022Q4	us-gaap	Due To Officers Or Stockholders Current And Noncurrent DueToOfficersOrStockholdersCurrentAndNoncurrent	474271	usd
CY2021Q4	us-gaap	Due To Officers Or Stockholders Current And Noncurrent DueToOfficersOrStockholdersCurrentAndNoncurrent	474271	usd
CY2022	HBUV	Interest Charge InterestCharge	46226	usd
CY2020Q2	us-gaap	Lease Cost LeaseCost	1300	usd
CY2021	us-gaap	Payments For Rent PaymentsForRent	15600	usd

Files In Submission

Name	View Source	Status
0001493152-23-015211-index-headers.html	Edgar Link	pending
0001493152-23-015211-index.html	Edgar Link	pending
0001493152-23-015211.txt	Edgar Link	pending
0001493152-23-015211-xbrl.zip	Edgar Link	pending
ex31-1.htm	Edgar Link	pending
ex31-2.htm	Edgar Link	pending
ex32-1.htm	Edgar Link	pending
ex32-2.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
form10-k.htm	Edgar Link	pending
hbuv-20221231.xsd	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
hbuv-20221231_def.xml	Edgar Link	unprocessable
hbuv-20221231_cal.xml	Edgar Link	unprocessable
hbuv-20221231_lab.xml	Edgar Link	unprocessable
form10-k_htm.xml	Edgar Link	completed
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
hbuv-20221231_pre.xml	Edgar Link	unprocessable

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$HBUV
Hubilu Venture Corp Stock $hbuv

2023 Q2 Form 10-K Financial Statement

#000149315223015211 Filed on May 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HBUV Hubilu Venture Corp Stock $hbuv

2023 Q2 Form 10-K Financial Statement

#000149315223015211 Filed on May 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HBUV
Hubilu Venture Corp Stock $hbuv