10-Q Filing

DSwiss Inc CIK: 1652561 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-007407`
Period End Date	20180331
Filing Date	20180518
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	dqws-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 30 Cash Flow Statement 52 Stockholders Equity 8

Balance Sheet 75 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`	$498.52K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$428.57K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$782.96K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$678.88K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$13.73K	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$11.74K	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 deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$32.20K	USD	Point-in-time
Prepayment and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$76.36K	USD	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$932.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$886.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	203.34M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	206.90M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	206.90M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	203.94M	shares	Point-in-time
Inventories	`InventoryNet`	$19.13K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	203.34M	shares	Point-in-time
Inventories	`InventoryNet`	$56.84K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	206.90M	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
Total Current Assets	`AssetsCurrent`	$532.27K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$606.63K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	203.34M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	206.90M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$55.21K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$56.63K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$10.50K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$10.21K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$65.71K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$66.85K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$673.48K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$597.98K	USD	Point-in-time
Trade payables	`AccountsPayableCurrent`	$3.75K	USD	Point-in-time
Trade payables	`AccountsPayableCurrent`	$3.95K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$27.13K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$26.23K	USD	Point-in-time
Hire purchase creditor	`HirePurchaseCreditorCurrent`	$3.87K	USD	Point-in-time
Hire purchase creditor	`HirePurchaseCreditorCurrent`	$3.57K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$40.54K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$36.80K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$74.09K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$71.74K	USD	Point-in-time
Hire purchase creditor	`HirePurchaseCreditorNoncurrent`	$11.85K	USD	Point-in-time
Hire purchase creditor	`HirePurchaseCreditorNoncurrent`	$12.13K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$86.22K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$83.60K	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, 206,904,600 and 206,904,600 shares issued and outstanding as of March 31, 2018 and December 31, 2017 respectively	`CommonStockValue`	$20.69K	USD	Point-in-time
Common stock, $0.0001 par value, 600,000,000 shares authorized, 206,904,600 and 206,904,600 shares issued and outstanding as of March 31, 2018 and December 31, 2017 respectively	`CommonStockValue`	$20.69K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.40M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.40M	USD	Point-in-time
Accumulated other comprehensive profit/(loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.34K	USD	Point-in-time
Accumulated other comprehensive profit/(loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.31K	USD	Point-in-time
Accumulated profit/(loss)	`RetainedEarningsAccumulatedDeficit`	$-853.64K	USD	Point-in-time
Accumulated profit/(loss)	`RetainedEarningsAccumulatedDeficit`	$-936.63K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$485.83K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$555.17K	USD	Point-in-time
NON CONTROLLING INTEREST	`MinorityInterest`	$28.56K	USD	Point-in-time
NON CONTROLLING INTEREST	`MinorityInterest`	$32.60K	USD	Point-in-time
NON CONTROLLING INTEREST	`MinorityInterest`	$32.09K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$597.98K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$673.48K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$36.69K	USD	1 Quarter
REVENUE	`Revenues`	$35.52K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$13.15K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$13.08K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$23.62K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$22.36K	USD	1 Quarter
OTHER INCOME	`OtherIncome`	$550.00	USD	1 Quarter
OTHER INCOME	`OtherIncome`	$17.00	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$63.94K	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$54.53K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$40.13K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$48.04K	USD	1 Quarter
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-6.63K	USD	1 Quarter
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-216.00	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-86.53K	USD	1 Quarter
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 LOSS	`NetIncomeLoss`	$-86.53K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-80.41K	USD	1 Quarter
Non Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.53K	USD	1 Quarter
Non Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$102.00	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$13.66K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$4.34K	USD	1 Quarter
Comprehensive loss	`OtherComprehensiveIncomeLossTax`	$-69.34K	USD	1 Quarter
Comprehensive 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`	206.90M	shares	1 Quarter
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	204.96M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-86.53K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-80.41K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.97K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.25K	USD	1 Quarter
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$180.00	USD	1 Quarter
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$75.00	USD	1 Quarter
Trade payable	`IncreaseDecreaseInAccountsPayableTrade`	$16.96K	USD	1 Quarter
Trade payable	`IncreaseDecreaseInAccountsPayableTrade`	$2.00K	USD	1 Quarter
Trade receivable	`IncreaseDecreaseInAccountsReceivable`	$3.11K	USD	1 Quarter
Trade receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$851.00	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-16.01K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$35.56K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$17.36K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.84K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-44.90K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-69.18K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-103.44K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$704.00	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$952.00	USD	1 Quarter
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$475.00	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.18K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-952.00	USD	1 Quarter
Advance from directors	`RepaymentsOfRelatedPartyDebt`	$5.74K	USD	1 Quarter
Advance from directors	`RepaymentsOfRelatedPartyDebt`	-	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`	-	USD	1 Quarter
Additional paid in capital	`ProceedsFromAdditionalPaidInCapital`	$638.10K	USD	1 Quarter
Convertible note payables	`ConvertibleNotePayables`	$-638.40K	USD	1 Quarter
Convertible note payables	`ConvertibleNotePayables`	-	USD	1 Quarter
Repayment of hire purchase	`RepaymentOfHirePurchase`	$-1.02K	USD	1 Quarter
Repayment of hire purchase	`RepaymentOfHirePurchase`	$-917.00	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.02K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.66K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.33K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashAndCashEquivalents`	$7.07K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-104.08K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-69.95K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$498.52K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$428.57K	USD	Point-in-time
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, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$498.52K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$428.57K	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
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$485.83K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$555.17K	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$13.66K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$4.34K	USD	1 Quarter
Net profit/(loss)	`NetIncomeLoss`	$-86.53K	USD	1 Quarter
Net profit/(loss)	`NetIncomeLoss`	$-80.41K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$485.83K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$555.17K	USD	Point-in-time

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