10-Q Filing

DSwiss Inc CIK: 1652561 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-19-006994`
Period End Date	20190331
Filing Date	20190514
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	dqws-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 30 Cash Flow Statement 50 Stockholders Equity 8

Balance Sheet 70 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`	$188.75K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$498.52K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$428.57K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.70K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$11.76K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$10.29K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$60.90K	USD	Point-in-time
Prepaid expenses and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$37.70K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$1.43K	USD	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
Common stock, shares issued	`CommonStockSharesIssued`	206.90M	shares	Point-in-time
Inventories	`InventoryNet`	$15.14K	USD	Point-in-time
Inventories	`InventoryNet`	$27.55K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	206.90M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	206.90M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$163.67K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$276.56K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$92.96K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$86.44K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$9.88K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$9.66K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$96.10K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$102.84K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$259.78K	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`	$28.25K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$52.98K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$53.17K	USD	Point-in-time
Hire purchase creditor	`HirePurchaseCreditorCurrent`	$7.56K	USD	Point-in-time
Hire purchase creditor	`HirePurchaseCreditorCurrent`	$7.83K	USD	Point-in-time
Amounts due to a director	`DueToOfficersOrStockholdersCurrent`	$40.48K	USD	Point-in-time
Amounts due to a director	`DueToOfficersOrStockholdersCurrent`	$41.07K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$128.89K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$130.32K	USD	Point-in-time
Hire purchase creditor	`HirePurchasePayablesNoncurrent`	$48.77K	USD	Point-in-time
Hire purchase creditor	`HirePurchasePayablesNoncurrent`	$47.84K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$178.16K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$177.66K	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, 2019 and December 31, 2018 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, 2019 and December 31, 2018 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 losses	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.49K	USD	Point-in-time
Accumulated other comprehensive losses	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.83K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.20M	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS' EQUITY	`StockholdersEquity`	$189.68K	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS' EQUITY	`StockholdersEquity`	$77.32K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$4.29K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$12.06K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.61K	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`	$259.78K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$18.81K	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$36.69K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$13.08K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$7.98K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$23.62K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$10.84K	USD	1 Quarter
OTHER INCOME	`OtherIncome`	$550.00	USD	1 Quarter
OTHER INCOME	`OtherIncome`	$4.03K	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$63.94K	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$79.53K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$40.13K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$43.25K	USD	1 Quarter
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-6.63K	USD	1 Quarter
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-11.79K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-86.53K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-119.70K	USD	1 Quarter
TAXATION	`IncomeTaxExpenseBenefit`	$78.00	USD	1 Quarter
TAXATION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-86.53K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-119.78K	USD	1 Quarter
Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-7.76K	USD	1 Quarter
Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.53K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$339.00	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-13.66K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-112.36K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-69.34K	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`	206.90M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-86.53K	USD	1 Quarter
Net loss	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-119.70K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.97K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.27K	USD	1 Quarter
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$200.00	USD	1 Quarter
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$180.00	USD	1 Quarter
Account payable	`IncreaseDecreaseInAccountsPayableTrade`	-	USD	1 Quarter
Account payable	`IncreaseDecreaseInAccountsPayableTrade`	$2.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.44K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$851.00	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-266.00	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$35.56K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$12.19K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-23.87K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-44.90K	USD	1 Quarter
Cash used in operations	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-99.38K	USD	1 Quarter
Cash used in operations	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-69.18K	USD	1 Quarter
Tax paid	`TaxationPaid`	-	USD	1 Quarter
Tax paid	`TaxationPaid`	$-1.43K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-100.81K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-69.18K	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`	-	USD	1 Quarter
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$475.00	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.18K	USD	1 Quarter
Advance from /(Repayment to) directors	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$58.00	USD	1 Quarter
Advance from /(Repayment to) directors	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-5.74K	USD	1 Quarter
Repayment of hire purchase	`RepaymentOfHirePurchase`	$1.89K	USD	1 Quarter
Repayment of hire purchase	`RepaymentOfHirePurchase`	$917.00	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.66K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.83K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashAndCashEquivalents`	$7.07K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashAndCashEquivalents`	$593.00	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-69.95K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-102.05K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$188.75K	USD	Point-in-time
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`	$86.70K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$188.75K	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`	$86.70K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	$659.00	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.61K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$201.73K	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$339.00	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-13.66K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-86.53K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-119.78K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.61K	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.