10-K Filing

DSwiss Inc CIK: 1652561 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001493152-19-005106`
Period End Date	20181231
Filing Date	20190410
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	dqws-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 30 Cash Flow Statement 60 Stockholders Equity 16

Balance Sheet 72 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`	$782.96K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$498.52K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$188.75K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$11.74K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$11.76K	USD	Point-in-time
Prepaid expenses and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$76.36K	USD	Point-in-time
Prepaid expenses and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$60.90K	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
Income tax receivables	`IncomeTaxesReceivable`	$886.00	USD	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	-	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
Common stock, shares issued	`CommonStockSharesIssued`	206.90M	shares	Point-in-time
Inventories	`InventoryNet`	$15.14K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	206.90M	shares	Point-in-time
Inventories	`InventoryNet`	$19.13K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$606.63K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	206.90M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$276.56K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	206.90M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$56.63K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$92.96K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$10.21K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$9.88K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$102.84K	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`	$379.39K	USD	Point-in-time
Account payable	`AccountsPayableCurrent`	$27.88K	USD	Point-in-time
Account payable	`AccountsPayableCurrent`	$3.75K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$26.23K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$52.98K	USD	Point-in-time
Hire purchase creditor	`HirePurchaseCreditorNoncurrent`	$7.56K	USD	Point-in-time
Hire purchase creditor	`HirePurchaseCreditorNoncurrent`	$3.57K	USD	Point-in-time
Amounts due to a director	`DueToOfficersOrStockholdersCurrent`	$40.54K	USD	Point-in-time
Amounts due to a director	`DueToOfficersOrStockholdersCurrent`	$40.48K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$128.89K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$74.09K	USD	Point-in-time
Hire purchase creditor	`HirePurchasePayablesNoncurrent`	$12.13K	USD	Point-in-time
Hire purchase creditor	`HirePurchasePayablesNoncurrent`	$48.77K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$12.13K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$48.77K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$177.66K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$86.22K	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 shares issued and outstanding as of December 31, 2018 and 2017 respectively	`CommonStockValue`	$20.69K	USD	Point-in-time
Common stock, $0.0001 par value, 600,000,000 shares authorized, 206,904,600 shares issued and outstanding as of December 31, 2018 and 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 income/(losses)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.49K	USD	Point-in-time
Accumulated other comprehensive income/(losses)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.31K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-853.64K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.20M	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS' EQUITY	`StockholdersEquity`	$555.17K	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS' EQUITY	`StockholdersEquity`	$189.68K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$32.09K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$12.06K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$202.64K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$587.26K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$201.73K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$379.39K	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	`RevenueFromContractWithCustomerExcludingAssessedTax`	$220.12K	USD	Annual
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$181.40K	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$178.29K	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$36.03K	USD	Annual
GROSS PROFIT	`GrossProfit`	$41.83K	USD	Annual
GROSS PROFIT	`GrossProfit`	$145.37K	USD	Annual
OTHER INCOME	`OtherIncome`	$8.06K	USD	Annual
OTHER INCOME	`OtherIncome`	$966.00	USD	Annual
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$236.65K	USD	Annual
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$204.55K	USD	Annual
OPERATING EXPENSES	`OperatingExpenses`	$138.14K	USD	Annual
OPERATING EXPENSES	`OperatingExpenses`	$166.55K	USD	Annual
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-60.12K	USD	Annual
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-46.45K	USD	Annual
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-371.35K	USD	Annual
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-284.89K	USD	Annual
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	-	USD	Annual
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-371.35K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-284.89K	USD	Annual
Net Loss attributable to Non-Controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-513.00	USD	Annual
Net Loss attributable to Non-Controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-20.04K	USD	Annual
- Foreign exchange adjustment gain/(loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$14.18K	USD	Annual
- Foreign exchange adjustment gain/(loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-31.11K	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-253.27K	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-365.49K	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`	206.43M	shares	Annual
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	206.90M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-371.35K	USD	Annual
Net loss	`NetIncomeLoss`	$-284.89K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$24.04K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$26.46K	USD	Annual
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$777.00	USD	Annual
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$701.00	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.73K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.19K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.33K	USD	Annual
Account payable	`IncreaseDecreaseInAccountsPayableTrade`	$24.43K	USD	Annual
Account payable	`IncreaseDecreaseInAccountsPayableTrade`	$2.03K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-4.21K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-17.00K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-13.60K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$27.23K	USD	Annual
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$89.97K	USD	Annual
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-38.78K	USD	Annual
Cash used in operating activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-345.60K	USD	Annual
Cash used in operating activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-251.34K	USD	Annual
Taxation refund	`TaxationRefund`	-	USD	Annual
Taxation refund	`TaxationRefund`	-	USD	Annual
Taxation paid	`TaxationPaid`	-	USD	Annual
Taxation paid	`TaxationPaid`	$880.00	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-345.60K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-250.46K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$944.00	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$83.51K	USD	Annual
Disposal of assets	`ProceedsFromSaleOfOtherAssets1`	-	USD	Annual
Disposal of assets	`ProceedsFromSaleOfOtherAssets1`	$19.06K	USD	Annual
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$474.00	USD	Annual
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.04K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-64.93K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.99K	USD	Annual
Advance from directors	`ProceedsFromRelatedPartyDebt`	$19.46K	USD	Annual
Advance from directors	`ProceedsFromRelatedPartyDebt`	$669.00	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$638.40K	USD	Annual
Proceeds from hire purchase finance	`ProceedsFromHirePurchaseFinance`	$61.08K	USD	Annual
Proceeds from hire purchase finance	`ProceedsFromHirePurchaseFinance`	$-3.12K	USD	Annual
Repayment of hire purchase	`RepaymentOfHirePurchase`	$19.65K	USD	Annual
Repayment of hire purchase	`RepaymentOfHirePurchase`	-	USD	Annual
Proceeds from issuance of convertible notes payable	`RepaymentsOfDebt`	$638.40K	USD	Annual
Proceeds from issuance of convertible notes payable	`RepaymentsOfDebt`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$42.10K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.25K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$46.84K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-36.47K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-284.45K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-309.76K	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$782.96K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$498.52K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$188.75K	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`	$498.52K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$188.75K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	$1.92K	USD	Annual
Interest paid	`InterestPaidNet`	$1.39K	USD	Annual

Stockholders Equity 16 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`	$202.64K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$587.26K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$201.73K	USD	Point-in-time
Shares issued upon conversion of convertible notes principal at $0.10 per share	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$280.00K	USD	Annual
Shares issued upon conversion of convertible notes principal at $0.20 per share	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesOne`	$463.40K	USD	Annual
Shares issued upon conversion of convertible notes principal at $0.40 per share	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesTwo`	$147.00K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-371.35K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-284.89K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$14.18K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-31.11K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$202.64K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$587.26K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$201.73K	USD	Point-in-time

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