SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of assets and liabilities of Yubo Beijing (VIE)

	September 30, 2022			December 31, 2021
Cash	$	193		$	8,812
Receivables (net)		45,651			158,807
Prepaid Expenses		135,508			207,521
Inventory		130,550			164,302
Due from related parties		284,527			397,590
Property and equipment (net)		38,356			63,055
Intangible assets (net)		68,497			38,876
Operating lease right of use asset		363,145			582,322
Lease security deposit		82,780			152,219
Investment in Yubo Jingzhi (A)		210,793			236,220
Receivables from other consolidated entities (A)		323,321			287,677
Total assets		1,683,321			2,297,401
Accounts payable and accrued expenses		183,182			69,746
Advances from prospective customers/distributors		446,851			484,956
Due to related parties		988,040			532,121
Operating lease liabilities		363,145			582,322
Payables to other consolidated entities (A)		424,536			511,811
Total liabilities		2,405,754			2,180,956
Shareholders’ equity	$	(722,433	)	$	116,445

Schedule for 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