10-K Filing

DSwiss Inc CIK: 1652561 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001493152-17-003057`
Period End Date	20161231
Filing Date	20170330
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	dqws-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 30 Cash Flow Statement 56 Stockholders Equity 24

Balance Sheet 76 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.70K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$782.96K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$437.20K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$2.88K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$7.65K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepayment and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$3.07K	USD	Point-in-time
Prepayment and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$17.14K	USD	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$838.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$803.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	203.94M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	203.34M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	203.34M	shares	Point-in-time
Inventories	`InventoryNet`	$33.58K	USD	Point-in-time
Inventories	`InventoryNet`	$2.06K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$837.37K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$450.83K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	203.34M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	203.94M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	203.34M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$42.60K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$75.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$9.86K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.97K	USD	Point-in-time
Total NON-CURRENT ASSETS	`AssetsNoncurrent`	$45.58K	USD	Point-in-time
Total NON-CURRENT ASSETS	`AssetsNoncurrent`	$84.86K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$922.23K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$496.40K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.03K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.55K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$39.56K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$55.97K	USD	Point-in-time
Hire purchase creditor	`HirePurchaseCreditorCurrent`	$3.04K	USD	Point-in-time
Hire purchase creditor	`HirePurchaseCreditorCurrent`	-	USD	Point-in-time
Amounts due to a director	`DueToOfficersOrStockholdersCurrent`	$18.68K	USD	Point-in-time
Amounts due to a director	`DueToOfficersOrStockholdersCurrent`	$171.00	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$638.40K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$57.69K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$704.71K	USD	Point-in-time
Hire purchase creditor	`HirePurchaseCreditorNoncurrent`	$14.87K	USD	Point-in-time
Hire purchase creditor	`HirePurchaseCreditorNoncurrent`	-	USD	Point-in-time
Convertible notes payable	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Convertible notes payable	`ConvertibleLongTermNotesPayable`	$213.50K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$271.19K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$719.59K	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, 203,940,100 and 203,342,600 shares issued and outstanding as of December 31, 2016 and 2015 respectively	`CommonStockValue`	$20.39K	USD	Point-in-time
Common stock, $0.0001 par value, 600,000,000 shares authorized, 203,940,100 and 203,342,600 shares issued and outstanding as of December 31, 2016 and 2015 respectively	`CommonStockValue`	$20.33K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$279.30K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$757.32K	USD	Point-in-time
Accumulated other comprehensive losses	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.22K	USD	Point-in-time
Accumulated other comprehensive losses	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-38.42K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-61.19K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-569.26K	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS' EQUITY	`StockholdersEquity`	$62.98K	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS' EQUITY	`StockholdersEquity`	$170.04K	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS' EQUITY	`StockholdersEquity`	$225.22K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	-	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$32.60K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$202.64K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$225.22K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$496.40K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$922.23K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$154.97K	USD	Annual
REVENUE	`Revenues`	$137.18K	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$64.94K	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$83.93K	USD	Annual
GROSS PROFIT	`GrossProfit`	$71.04K	USD	Annual
GROSS PROFIT	`GrossProfit`	$72.24K	USD	Annual
OTHER INCOME	`OtherIncome`	$107.00	USD	Annual
OTHER INCOME	`OtherIncome`	$13.00	USD	Annual
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$80.14K	USD	Annual
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$394.87K	USD	Annual
OPERATING EXPENSES	`OperatingExpenses`	$102.02K	USD	Annual
OPERATING EXPENSES	`OperatingExpenses`	$170.20K	USD	Annual
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-18.31K	USD	Annual
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-23.21K	USD	Annual
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-129.32K	USD	Annual
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-516.02K	USD	Annual
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	$-26.00	USD	Annual
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-516.02K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-129.29K	USD	Annual
Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.95K	USD	Annual
Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
- Foreign exchange adjustment gain	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-25.20K	USD	Annual
- Foreign exchange adjustment gain	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-8.10K	USD	Annual
COMPREHENSIVE LOSS	`OtherComprehensiveIncomeLossTax`	$-137.40K	USD	Annual
COMPREHENSIVE LOSS	`OtherComprehensiveIncomeLossTax`	$-533.26K	USD	Annual
Net loss per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Net loss per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	203.46M	shares	Annual
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	64.03M	shares	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-516.02K	USD	Annual
Net loss	`NetIncomeLoss`	$-129.29K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$19.80K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$18.65K	USD	Annual
- Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$687.00	USD	Annual
- Amortization for intangible assets	`AmortizationOfIntangibleAssets`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.69K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.65K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.21K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$442.00	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$32.17K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-13.40K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$7.95K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-15.40K	USD	Annual
Prepayment and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.17K	USD	Annual
Prepayment and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$16.67K	USD	Annual
Cash used in operating activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-550.30K	USD	Annual
Cash used in operating activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-97.66K	USD	Annual
Taxation refund	`TaxationRefund`	-	USD	Annual
Taxation refund	`TaxationRefund`	$555.00	USD	Annual
Taxation paid	`TaxationPaid`	-	USD	Annual
Taxation paid	`TaxationPaid`	$-924.00	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-98.03K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-550.30K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$54.97K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.37K	USD	Annual
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$3.44K	USD	Annual
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$7.62K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.81K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-62.59K	USD	Annual
Advance from directors	`ProceedsFromContributionsFromAffiliates`	$171.00	USD	Annual
Advance from directors	`ProceedsFromContributionsFromAffiliates`	$18.92K	USD	Annual
Proceed from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$478.00K	USD	Annual
Proceed from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$299.63K	USD	Annual
Proceeds from hire purchase finance	`ProceedsFromHirePurchaseFinance`	$17.92K	USD	Annual
Proceeds from hire purchase finance	`ProceedsFromHirePurchaseFinance`	-	USD	Annual
Proceeds from non-controlling interest	`ProceedsFromMinorityShareholders`	-	USD	Annual
Proceeds from non-controlling interest	`ProceedsFromMinorityShareholders`	$41.27K	USD	Annual
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$424.90K	USD	Annual
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$213.50K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$513.30K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$981.01K	USD	Annual
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.96K	USD	Annual
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-22.37K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$345.76K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$403.50K	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$33.70K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$782.96K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$437.20K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$33.70K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$782.96K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$437.20K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Price per shares	`SharesIssuedPricePerShare`	$0.80	USD	Point-in-time
Balance	`StockholdersEquity`	$62.98K	USD	Point-in-time
Balance	`StockholdersEquity`	$170.04K	USD	Point-in-time
Balance	`StockholdersEquity`	$225.22K	USD	Point-in-time
Elimination	`TemporaryEquityEliminationAsPartofReorganization`	$-1.00	USD	Annual
Shares issued for founder's shares	`StockIssuedDuringPeriodValueOther`	$5.00	USD	Annual
Acquisition of transactions under common control - DSwiss Holding Limited and DSwiss (HK) Limited	`BusinessCombinationConsiderationTransferred1`	$-86.00	USD	Annual
Shares issued for acquisition of DSwiss Holding Limited	`StockIssuedDuringPeriodValueAcquisitions`	$1.00	USD	Annual
Issuance of share capital - additional founders' shares	`StockIssuedDuringPeriodValueNewIssues`	$20.00K	USD	Annual
Issuance of shares for working capital	`IssuanceOfSharesForWorkingCapital`	$450.00	USD	Annual
Shares issued in private placement completed on September 15, 2015 at $0.10 per share	`SharesIssuedInPrivatePlacementCompleted`	$279.26K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-25.20K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-8.10K	USD	Annual
Paid in capital at $0.80 per share	`PaidInCapital`	$478.00K	USD	Annual
Net loss for the year	`ProfitLoss`	$-508.06K	USD	Annual
Reinstate additional paid up	`AdjustmentsToAdditionalPaidInCapitalOther`	$86.00	USD	Annual
Net loss for the year	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.95K	USD	Annual
Net loss for the year	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Acquisition of subsidiaries	`AcquisitionOfSubsidiaries`	$40.56K	USD	Annual
Net loss	`NetIncomeLoss`	$-516.02K	USD	Annual
Net loss	`NetIncomeLoss`	$-129.29K	USD	Annual
Balance	`StockholdersEquity`	$62.98K	USD	Point-in-time
Balance	`StockholdersEquity`	$170.04K	USD	Point-in-time
Balance	`StockholdersEquity`	$225.22K	USD	Point-in-time

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