10-Q Filing

DSwiss Inc CIK: 1652561 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-005228`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	dqws-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 30 Cash Flow Statement 54 Stockholders Equity 13

Balance Sheet 74 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$782.96K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$678.88K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$544.16K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$437.20K	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$11.81K	USD	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
Prepayment and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$17.14K	USD	Point-in-time
Prepayment and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$17.14K	USD	Point-in-time
Prepayment and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$17.11K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$813.00	USD	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$803.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Inventories	`InventoryNet`	$33.58K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	206.90M	shares	Point-in-time
Inventories	`InventoryNet`	$33.58K	USD	Point-in-time
Inventories	`InventoryNet`	$51.43K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	203.34M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$837.37K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$760.05K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	206.90M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	203.34M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$70.75K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$75.00K	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`	$10.73K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$9.86K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$84.86K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$81.48K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$841.53K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$922.23K	USD	Point-in-time
Trade payables	`AccountsPayableCurrent`	$17.33K	USD	Point-in-time
Trade payables	`AccountsPayableCurrent`	$5.03K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$39.56K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$39.56K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$23.64K	USD	Point-in-time
Hire purchase creditor	`HirePurchaseCreditorCurrent`	$1.99K	USD	Point-in-time
Hire purchase creditor	`HirePurchaseCreditorCurrent`	$3.04K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$638.40K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$18.94K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$18.68K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$61.90K	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`	$14.65K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$76.55K	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
Common stock, $0.0001 par value, 600,000,000 shares authorized, 206,904,600 and 203,342,600 shares issued and outstanding as of March 31, 2017 and December 31, 2016 respectively	`CommonStockValue`	$20.39K	USD	Point-in-time
Common stock, $0.0001 par value, 600,000,000 shares authorized, 206,904,600 and 203,342,600 shares issued and outstanding as of March 31, 2017 and December 31, 2016 respectively	`CommonStockValue`	$20.69K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$757.32K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.40M	USD	Point-in-time
Accumulated other comprehensive profit/(losses)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-34.08K	USD	Point-in-time
Accumulated other comprehensive profit/(losses)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-38.42K	USD	Point-in-time
Accumulated profit/(losses)	`RetainedEarningsAccumulatedDeficit`	$-649.56K	USD	Point-in-time
Accumulated profit/(losses)	`RetainedEarningsAccumulatedDeficit`	$-569.26K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$732.47K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$170.04K	USD	Point-in-time
NON CONTROLLING INTEREST	`MinorityInterest`	$32.50K	USD	Point-in-time
NON CONTROLLING INTEREST	`MinorityInterest`	$32.60K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$922.23K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$841.53K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$27.39K	USD	1 Quarter
REVENUE	`Revenues`	$35.52K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$13.15K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$10.02K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$22.36K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$17.37K	USD	1 Quarter
OTHER INCOME	`OtherIncome`	-	USD	1 Quarter
OTHER INCOME	`OtherIncome`	$18.00	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$34.31K	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$54.53K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$48.04K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$50.34K	USD	1 Quarter
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-216.00	USD	1 Quarter
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-4.45K	USD	1 Quarter
PROFIT/(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-71.74K	USD	1 Quarter
PROFIT/(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-80.41K	USD	1 Quarter
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET PROFIT/(LOSS)	`NetIncomeLoss`	$-80.41K	USD	1 Quarter
NET PROFIT/(LOSS)	`NetIncomeLoss`	$-71.74K	USD	1 Quarter
Non Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$102.00	USD	1 Quarter
Non Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$4.34K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$11.29K	USD	1 Quarter
Comprehensive income/(loss)	`OtherComprehensiveIncomeLossTax`	$-60.45K	USD	1 Quarter
Comprehensive income/(loss)	`OtherComprehensiveIncomeLossTax`	$-75.96K	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	1 Quarter
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	204.96M	shares	1 Quarter
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	203.34M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-80.41K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-71.74K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.25K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.45K	USD	1 Quarter
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$75.00	USD	1 Quarter
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$85.00	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$20.97K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.96K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.11K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-16.01K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-34.34K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$17.36K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$45.64K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.68K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.84K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-103.44K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-128.90K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$122.00	USD	1 Quarter
Intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$952.00	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-952.00	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-122.00	USD	1 Quarter
Advance from directors	`ProceedsFromContributionsFromAffiliates`	-	USD	1 Quarter
Advance from directors	`ProceedsFromContributionsFromAffiliates`	-	USD	1 Quarter
Issuance of share capital	`ProceedsFromContributedCapital`	-	USD	1 Quarter
Issuance of share capital	`ProceedsFromContributedCapital`	$296.00	USD	1 Quarter
Additional paid in capital	`ProceedsFromAdditionalPaidInCapital`	$638.10K	USD	1 Quarter
Additional paid in capital	`ProceedsFromAdditionalPaidInCapital`	-	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$228.00K	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Convertible note payables	`ConvertibleNotePayables`	-	USD	1 Quarter
Convertible note payables	`ConvertibleNotePayables`	$-638.40K	USD	1 Quarter
Repayment of hire purchase	`RepaymentOfHirePurchase`	$-1.02K	USD	1 Quarter
Repayment of hire purchase	`RepaymentOfHirePurchase`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.02K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$228.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashAndCashEquivalents`	$7.98K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.33K	USD	1 Quarter
Net increase / (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$106.96K	USD	1 Quarter
Net increase / (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-104.08K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$782.96K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$678.88K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$544.16K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$437.20K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$782.96K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$678.88K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$544.16K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$437.20K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Debt convertible, conversion price per share	`DebtInstrumentConvertibleConversionPrice1`	$0.10	USD	Point-in-time
Debt convertible, conversion price per share one	`DebtInstrumentConvertibleConversionPriceOne`	$0.20	USD	Point-in-time
Debt convertible, conversion price per share two	`DebtInstrumentConvertibleConversionPriceTwo`	$0.40	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$764.98K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$202.64K	USD	Point-in-time
Shares issued upon conversion of convertible notes principal at $0.10 per share	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$28.00K	USD	1 Quarter
Shares issued upon conversion of convertible notes principal at $0.20 per share	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesOne`	$463.40K	USD	1 Quarter
Shares issued upon conversion of convertible notes principal at $0.40 per share	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesTwo`	$147.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$4.34K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$11.29K	USD	1 Quarter
Net profit/(loss)	`ProfitLoss`	$-80.41K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$764.98K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$202.64K	USD	Point-in-time

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