10-Q Filing

DSwiss Inc CIK: 1652561 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001493152-16-014817`
Period End Date	20160930
Filing Date	20161114
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	dswiss-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 64 Cash Flow Statement 60

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.07K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$7.65K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$3.07K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$21.28K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Inventories	`InventoryNet`	$2.06K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$28.68K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$838.00	USD	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$870.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$500.60K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$437.20K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$247.53K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	203.35M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.70K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	203.34M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	203.35M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	203.34M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$552.49K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$450.83K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$55.27K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$42.60K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.97K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.52K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$57.79K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$45.58K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$496.40K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$610.28K	USD	Point-in-time
Accounts payables	`AccountsPayableCurrent`	$10.11K	USD	Point-in-time
Accounts payables	`AccountsPayableCurrent`	$1.55K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$32.55K	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`	$4.61K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$47.26K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$57.69K	USD	Point-in-time
Convertible notes payable	`ConvertibleLongTermNotesPayable`	$213.50K	USD	Point-in-time
Convertible notes payable	`ConvertibleLongTermNotesPayable`	$638.40K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$685.66K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$271.19K	USD	Point-in-time
Preferred stock, $0.0001 par value, 200,000,000 shares authorized, None issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 200,000,000 shares authorized, None issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 600,000,000 shares authorized, 203,352,600 and 203,342,600 shares issued and outstanding as of September 30, 2016 and December 31, 2015 respectively	`CommonStockValue`	$20.33K	USD	Point-in-time
Common stock, $0.0001 par value, 600,000,000 shares authorized, 203,352,600 and 203,342,600 shares issued and outstanding as of September 30, 2016 and December 31, 2015 respectively	`CommonStockValue`	$20.34K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$279.30K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$287.38K	USD	Point-in-time
Accumulated other comprehensive (losses)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.55K	USD	Point-in-time
Accumulated other comprehensive (losses)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.22K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-61.19K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-399.52K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$225.22K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$-105.35K	USD	Point-in-time
NON CONTROLLING INTEREST	`MinorityInterest`	-	USD	Point-in-time
NON CONTROLLING INTEREST	`MinorityInterest`	$29.97K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$601.28K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$496.40K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$16.75K	USD	1 Quarter
REVENUE	`Revenues`	$20.98K	USD	1 Quarter
REVENUE	`Revenues`	$116.85K	USD	3 Qtrs
REVENUE	`Revenues`	$92.09K	USD	3 Qtrs
COST OF REVENUE	`CostOfRevenue`	$10.89K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$74.29K	USD	3 Qtrs
COST OF REVENUE	`CostOfRevenue`	$17.97K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$61.27K	USD	3 Qtrs
GROSS PROFIT/(LOSS)	`GrossProfit`	$-1.22K	USD	1 Quarter
GROSS PROFIT/(LOSS)	`GrossProfit`	$10.09K	USD	1 Quarter
GROSS PROFIT/(LOSS)	`GrossProfit`	$42.55K	USD	3 Qtrs
GROSS PROFIT/(LOSS)	`GrossProfit`	$30.82K	USD	3 Qtrs
OTHER INCOME	`OtherIncome`	-	USD	1 Quarter
OTHER INCOME	`OtherIncome`	$7.00	USD	3 Qtrs
OTHER INCOME	`OtherIncome`	-	USD	1 Quarter
OTHER INCOME	`OtherIncome`	$59.00	USD	3 Qtrs
SELLING AND DISTRIBUTION EXPENSES	`SellingAndMarketingExpense`	$4.10K	USD	1 Quarter
SELLING AND DISTRIBUTION EXPENSES	`SellingAndMarketingExpense`	$12.95K	USD	3 Qtrs
SELLING AND DISTRIBUTION EXPENSES	`SellingAndMarketingExpense`	$6.70K	USD	3 Qtrs
SELLING AND DISTRIBUTION EXPENSES	`SellingAndMarketingExpense`	$2.40K	USD	1 Quarter
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$237.61K	USD	3 Qtrs
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$106.00K	USD	1 Quarter
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$40.78K	USD	3 Qtrs
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$40.78K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$74.90K	USD	3 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$6.09K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$42.85K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$120.50K	USD	3 Qtrs
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-3.97K	USD	3 Qtrs
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-16.42K	USD	3 Qtrs
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$2.56K	USD	1 Quarter
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-6.68K	USD	1 Quarter
(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-344.92K	USD	3 Qtrs
(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-147.84K	USD	1 Quarter
(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-49.63K	USD	1 Quarter
(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-95.47K	USD	3 Qtrs
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET (LOSS)	`NetIncomeLoss`	$-49.63K	USD	1 Quarter
NET (LOSS)	`NetIncomeLoss`	$-147.84K	USD	1 Quarter
NET (LOSS)	`NetIncomeLoss`	$-344.92K	USD	3 Qtrs
NET (LOSS)	`NetIncomeLoss`	$-95.47K	USD	3 Qtrs
Non Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Non Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.60K	USD	3 Qtrs
Non Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Non Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.40K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-6.25K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$4.75K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-5.90K	USD	3 Qtrs
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-327.00	USD	3 Qtrs
Comprehensive income/(loss)	`OtherComprehensiveIncomeLossTax`	$-44.88K	USD	1 Quarter
Comprehensive income/(loss)	`OtherComprehensiveIncomeLossTax`	$-338.65K	USD	3 Qtrs
Comprehensive income/(loss)	`OtherComprehensiveIncomeLossTax`	$-152.69K	USD	1 Quarter
Comprehensive income/(loss)	`OtherComprehensiveIncomeLossTax`	$-101.37K	USD	3 Qtrs
Net income/(loss) per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Net income/(loss) per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net income/(loss) per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net income/(loss) per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	203.35M	shares	1 Quarter
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	203.34M	shares	3 Qtrs
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	50.66M	shares	1 Quarter
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.08M	shares	3 Qtrs

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-49.63K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-147.84K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-344.92K	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-95.47K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$27.41K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$14.73K	USD	3 Qtrs
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$86.00	USD	1 Quarter
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$497.00	USD	3 Qtrs
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$171.00	USD	1 Quarter
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	-	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$655.00	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$359.00	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$21.90K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.90K	USD	3 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-23.65K	USD	3 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$12.87K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$26.18K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-12.31K	USD	3 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$485.00	USD	3 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.96K	USD	3 Qtrs
Cash used in operating activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-64.90K	USD	3 Qtrs
Cash used in operating activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-371.94K	USD	3 Qtrs
Taxation refund	`TaxationRefund`	-	USD	3 Qtrs
Taxation refund	`TaxationRefund`	-	USD	3 Qtrs
Taxation paid	`TaxationPaid`	-	USD	3 Qtrs
Taxation paid	`TaxationPaid`	-	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-371.94K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-64.90K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.60K	USD	3 Qtrs
Intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.53K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.60K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.53K	USD	3 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$424.90K	USD	3 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$279.30K	USD	3 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$8.09K	USD	3 Qtrs
Proceeds from non-controlling interest	`ProceedsFromMinorityShareholders`	-	USD	3 Qtrs
Proceeds from non-controlling interest	`ProceedsFromMinorityShareholders`	$35.88K	USD	3 Qtrs
Advances from directors	`ProceedsFromContributionsFromAffiliates`	$171.00	USD	3 Qtrs
Advances from directors	`ProceedsFromContributionsFromAffiliates`	$4.50K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$279.47K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$473.36K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-12.42K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.79K	USD	3 Qtrs
Net increase / (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$213.83K	USD	3 Qtrs
Net increase / (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$63.40K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$500.60K	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`	$247.53K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.70K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$500.60K	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`	$247.53K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.70K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Interest paid	`InterestPaid`	-	USD	3 Qtrs

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