XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current Assets    
Cash $ 595,945 $ 339,147
Accounts receivable, net 37,703 149,765
Other receivable 85,736 102,122
Advance to suppliers 68,134 94,799
Prepaid expenses 33,057 40,858
Inventory, net 295,588 149,844
Total current assets 1,116,163 876,535
Property, plant and equipment, net 2,526,088 2,518,243
Intangible assets, net 713,845 695,109
Other assets    
Deferred costs 0 14,792
Deposits 5,990 11,635
Total other assets 5,990 26,427
Total Assets 4,362,086 4,116,314
Current Liabilities    
Accounts payable 160,053 69,606
Accrued expenses 110,925 71,395
Customer deposits 84,943 22,401
Customer deposits - related party 0 34,378
Taxes payable 83,932 60,963
Other payable 352,113 399,052
Loan payable - unrelated party 15,030 87,858
Other payable - related party 3,095,328 2,559,476
Total current liabilities 3,902,324 3,305,129
Total liabilities 3,902,324 3,305,129
Equity    
Convertible preferred shares: $0.0001 par value, 50,000,000 shares authorized, 974,730 shares of series A issued and outstanding as of September 30, 2017 and December 31, 2016, respectively 98 98
Common stock: $0.001 par value, 900,000,000 shares authorized, 9,894,214 and 6,894,214 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively 9,894 6,894
Additional paid-in capital 1,162,328 865,328
Subscription received in advance 0 300,000
Accumulated foreign currency exchange loss (43,739) (56,689)
Accumulated deficit (946,690) (608,739)
Total YBCC, Inc. stockholders' equity 181,891 506,892
Non-controlling interest 277,871 304,293
Total equity 459,762 811,185
Total liabilities and equity $ 4,362,086 $ 4,116,314