10-Q Filing

DSwiss Inc CIK: 1652561 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001493152-16-012314`
Period End Date	20160630
Filing Date	20160815
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	dswiss-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 64 Cash Flow Statement 59

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.70K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.47K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$437.20K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$698.27K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.44K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$7.65K	USD	Point-in-time
Inventories	`InventoryNet`	$2.06K	USD	Point-in-time
Inventories	`InventoryNet`	$35.78K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$7.76K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$3.07K	USD	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$893.00	USD	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$838.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$450.83K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$744.14K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$42.60K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$48.72K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.97K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.71K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$51.44K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$45.58K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$795.57K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$496.40K	USD	Point-in-time
Accounts payables	`AccountsPayableCurrent`	$17.96K	USD	Point-in-time
Accounts payables	`AccountsPayableCurrent`	$1.55K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$58.93K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$55.97K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$171.00	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$29.71K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$106.60K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$57.69K	USD	Point-in-time
Convertible notes payable	`ConvertibleLongTermNotesPayable`	$617.40K	USD	Point-in-time
Convertible notes payable	`ConvertibleLongTermNotesPayable`	$213.50K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$724.00K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$271.19K	USD	Point-in-time
Share capital	`Capital`	$20.33K	USD	Point-in-time
Share capital	`Capital`	$20.33K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$279.30K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$279.30K	USD	Point-in-time
Accumulated other comprehensive (losses)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.22K	USD	Point-in-time
Accumulated other comprehensive (losses)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.30K	USD	Point-in-time
Accumulated (losses)	`RetainedEarningsAccumulatedDeficit`	$-253.07K	USD	Point-in-time
Accumulated (losses)	`RetainedEarningsAccumulatedDeficit`	$-61.19K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$225.22K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$39.26K	USD	Point-in-time
NON CONTROLLING INTEREST	`MinorityInterest`	$32.32K	USD	Point-in-time
NON CONTROLLING INTEREST	`MinorityInterest`	-	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$496.40K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$795.57K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$21.90K	USD	1 Quarter
REVENUE	`Revenues`	$95.87K	USD	2 Qtrs
REVENUE	`Revenues`	$75.34K	USD	2 Qtrs
REVENUE	`Revenues`	$68.48K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$16.87K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$53.39K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$43.30K	USD	2 Qtrs
COST OF REVENUE	`CostOfRevenue`	$63.41K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$32.04K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$15.09K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$5.03K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$32.46K	USD	2 Qtrs
OTHER INCOME	`OtherIncome`	$7.00	USD	2 Qtrs
OTHER INCOME	`OtherIncome`	-	USD	2 Qtrs
OTHER INCOME	`OtherIncome`	-	USD	1 Quarter
OTHER INCOME	`OtherIncome`	$7.00	USD	1 Quarter
SELLING AND DISTRIBUTION EXPENSES	`SellingAndMarketingExpense`	$10.55K	USD	2 Qtrs
SELLING AND DISTRIBUTION EXPENSES	`SellingAndMarketingExpense`	$8.95K	USD	1 Quarter
SELLING AND DISTRIBUTION EXPENSES	`SellingAndMarketingExpense`	$2.61K	USD	2 Qtrs
SELLING AND DISTRIBUTION EXPENSES	`SellingAndMarketingExpense`	$1.30K	USD	1 Quarter
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$98.90K	USD	1 Quarter
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	-	USD	2 Qtrs
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$131.61K	USD	2 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$17.33K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$65.99K	USD	2 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$27.31K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$77.65K	USD	2 Qtrs
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	-	USD	1 Quarter
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-9.94K	USD	2 Qtrs
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-9.74K	USD	2 Qtrs
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-5.29K	USD	1 Quarter
(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-46.49K	USD	2 Qtrs
(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-197.08K	USD	2 Qtrs
(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-125.34K	USD	1 Quarter
(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-13.60K	USD	1 Quarter
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET (LOSS)	`NetIncomeLoss`	$-125.34K	USD	1 Quarter
NET (LOSS)	`NetIncomeLoss`	$-13.60K	USD	1 Quarter
NET (LOSS)	`NetIncomeLoss`	$-197.08K	USD	2 Qtrs
NET (LOSS)	`NetIncomeLoss`	$-46.49K	USD	2 Qtrs
Non Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.20K	USD	2 Qtrs
Non Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Non Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.20K	USD	1 Quarter
Non Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$5.92K	USD	2 Qtrs
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$6.56K	USD	2 Qtrs
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-5.36K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$2.23K	USD	1 Quarter
Comprehensive income/(loss)	`OtherComprehensiveIncomeLossTax`	$-39.93K	USD	2 Qtrs
Comprehensive income/(loss)	`OtherComprehensiveIncomeLossTax`	$-125.50K	USD	1 Quarter
Comprehensive income/(loss)	`OtherComprehensiveIncomeLossTax`	$-11.37K	USD	1 Quarter
Comprehensive income/(loss)	`OtherComprehensiveIncomeLossTax`	$-185.96K	USD	2 Qtrs
Net income/(loss) per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net income/(loss) per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net income/(loss) per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.45	USD	1 Quarter
Net income/(loss) per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-4.95	USD	2 Qtrs
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	203.34M	shares	1 Quarter
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9,392.00	shares	1 Quarter
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	203.34M	shares	2 Qtrs
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9,392.00	shares	2 Qtrs

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-125.34K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-13.60K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-197.08K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-46.49K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.40K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.53K	USD	2 Qtrs
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$248.00	USD	1 Quarter
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$333.00	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.59K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-105.00	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.49K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.59K	USD	2 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$704.00	USD	2 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$9.25K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-16.79K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$32.74K	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.42K	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.25K	USD	2 Qtrs
Cash used in operating activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-201.63K	USD	2 Qtrs
Cash used in operating activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-23.76K	USD	2 Qtrs
Taxation refund	`TaxationRefund`	-	USD	2 Qtrs
Taxation refund	`TaxationRefund`	-	USD	2 Qtrs
Taxation paid	`TaxationPaid`	$595.00	USD	2 Qtrs
Taxation paid	`TaxationPaid`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.17K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-201.63K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.69K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.23K	USD	2 Qtrs
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$320.00	USD	2 Qtrs
Intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.55K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.69K	USD	2 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$403.90K	USD	2 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$5.00	USD	2 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Capital contribution to subsidiaries/associates	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Capital contribution to subsidiaries/associates	`ProceedsFromRelatedPartyDebt`	$120.14K	USD	2 Qtrs
Advances from directors	`ProceedsFromContributionsFromAffiliates`	-	USD	2 Qtrs
Advances from directors	`ProceedsFromContributionsFromAffiliates`	$29.72K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$553.76K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-78.37K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.52K	USD	2 Qtrs
Net increase / (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-27.23K	USD	2 Qtrs
Net increase / (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$261.07K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.70K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.47K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$437.20K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$698.27K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.70K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$6.47K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$437.20K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$698.27K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.