v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2026
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of information of company and its subsidiaries

Name

 

Background

 

Ownership

Yubo International Biotech Limited (“Yubo New York”)

 

· A holding company

· Incorporated in New York

 

 

Platinum International Biotech Co. LTD (“Platinum”)

 

· A Cayman Island company

· Incorporated on April 7, 2020

· A holding company

 

100% owned by Yubo New York

Platinum International Biotech (Hong Kong) Limited. (“Platinum HK”)

 

· A Hong Kong company

· Incorporated on May 4, 2020

· A holding company

 

100% owned by Platinum

Yubo International Biotech (Chengdu) Limited (“Yubo Chengdu”)

 

· A PRC company and deemed a wholly foreign owned enterprise

· Incorporated on September 4, 2020

· Subscribed capital of $1,500,000

· A holding company

 

100% owned by Platinum HK

Yubo International Biotech (Beijing) Limited (“Yubo Beijing”)

 

· A PRC limited liability company

· Incorporated on September 14, 2016

· Subscribed capital of $1,454,038 (RMB 10,000,000)

· Stem cell storage and bank

 

VIE of Yubo Chengdu WFOE

 

 

 

 

 

Yubo Jingzhi Biotechnology (ChengDu) Co. Ltd. (“Yubo Jingzhi”)

 

· A PRC company incorporated on January 21, 2021

 

73% owned by Yubo Beijing

 

 

 

 

 

Yubo Global Biotechnology (Chengdu) Co. Ltd (“Yubo Global”)

 

· A PRC company incorporated on December 31, 2020

 

100% owned by Platinum HK

 

 

 

 

 

Phoenix Club Bio-Medical Technology (Chengdu) Co., LTD (“Yubo Phoenix”)

 

· A PRC company incorporated on April 12, 2021.

 

100% owned by Yubo Beijing

 

 

 

 

 

EpiAis Biomedical Engineering Co., Ltd. (“Yubo Shenzhen”)

 

· A PRC company incorporated on January 26, 2024

 

70% owned by Yubo Beijing

Schedule of remaining term of lease of property and equipment

Leasehold improvements

 

Remaining term of lease

Air conditioning equipment

 

5 years

Office equipment

 

3 years

Schedule of amortization period of intangible assets

Distribution software 

 

5 years

Patents

 

20 years

Schedule of consolidated assets and liabilities of Yubo Beijing (VIE) and its subsidiaries

 

 

June 30, 2026

 

 

December 31, 2025

 

Cash

 

$7,672

 

 

$3,869

 

Receivables (net)

 

 

66,362

 

 

 

68,576

 

Prepaid Expenses

 

 

110,982

 

 

 

209,316

 

Inventory

 

 

24,803

 

 

 

24,034

 

Due from related parties

 

 

297,273

 

 

 

288,057

 

Property and equipment (net)

 

 

17,444

 

 

 

43,030

 

Intangible assets (net)

 

 

39,883

 

 

 

42,080

 

Operating lease right of use asset

 

 

15,655

 

 

 

78,783

 

Lease security deposit

 

 

16,192

 

 

 

15,690

 

Receivables from other consolidated entities (A)

 

 

1,462,202

 

 

 

1,345,332

 

Total assets

 

 

2,058,467

 

 

 

2,118,772

 

 

 

 

 

 

 

 

 

 

Accounts payable and accrued expenses

 

 

1,253,792

 

 

 

1,008,758

 

Advances from prospective customers/distributors

 

 

454,432

 

 

 

440,344

 

Due to related parties

 

 

1,400,015

 

 

 

1,061,372

 

Operating lease liabilities

 

 

15,655

 

 

 

78,783

 

Payables to other consolidated entities (A)

 

 

1,336,650

 

 

 

1,224,020

 

Total liabilities

 

 

4,460,544

 

 

 

3,813,277

 

Shareholders' equity

 

$(2,402,077 )

 

$(1,694,505 )