10-Q Filing

DSwiss Inc CIK: 1652561 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-20-009168`
Period End Date	20200331
Filing Date	20200515
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	dqws-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 34 Cash Flow Statement 52 Stockholders Equity 7

Balance Sheet 78 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`	$126.60K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.35K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$8.34K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.52K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Other Receivable, prepaid expenses and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$59.64K	USD	Point-in-time
Other Receivable, prepaid expenses and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$124.38K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$1.35K	USD	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$1.30K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	206.90M	shares	Point-in-time
Inventories	`InventoryNet`	$17.20K	USD	Point-in-time
Inventories	`InventoryNet`	$23.72K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	206.90M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$212.82K	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`	$199.57K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$61.34K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$66.96K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$6.58K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$6.34K	USD	Point-in-time
Operating lease right -of-use, net	`OperatingLeaseRightOfUseAsset`	$92.88K	USD	Point-in-time
Operating lease right -of-use, net	`OperatingLeaseRightOfUseAsset`	$77.94K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$145.62K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$166.42K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$366.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$358.44K	USD	Point-in-time
Account payable	`AccountsPayableCurrent`	$458.00	USD	Point-in-time
Account payable	`AccountsPayableCurrent`	$20.19K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$202.40K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$149.30K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityCurrent`	$8.07K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityCurrent`	$7.80K	USD	Point-in-time
Amounts due to a director	`DueToOfficersOrStockholdersCurrent`	$167.89K	USD	Point-in-time
Amounts due to a director	`DueToOfficersOrStockholdersCurrent`	$125.83K	USD	Point-in-time
Amount due to related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Amount due to related party	`DueToRelatedPartiesCurrent`	$369.00	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$43.52K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$45.12K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$389.06K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$381.89K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$37.48K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$41.37K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$33.94K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$47.18K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$71.41K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$88.55K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$470.44K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$460.47K	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, 2020 and December 31, 2019 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, 2020 and December 31, 2019 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`	$-35.13K	USD	Point-in-time
Accumulated other comprehensive losses	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-34.56K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.50M	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS' EQUITY	`StockholdersEquity`	$-109.29K	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS' EQUITY	`StockholdersEquity`	$-118.83K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$16.80K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$4.85K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-102.03K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-104.44K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$358.44K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$366.00K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$527.54K	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$18.81K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$7.98K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$407.54K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$120.01K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$10.84K	USD	1 Quarter
OTHER INCOME	`OtherIncome`	$4.03K	USD	1 Quarter
OTHER INCOME	`OtherIncome`	$1.20K	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$76.88K	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$79.53K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$43.25K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$21.41K	USD	1 Quarter
FINANCE EXPENSES	`FinanceExpenses`	$541.00	USD	1 Quarter
FINANCE EXPENSES	`FinanceExpenses`	-	USD	1 Quarter
LEASE EXPENSES	`OperatingLeaseExpense`	$11.85K	USD	1 Quarter
LEASE EXPENSES	`OperatingLeaseExpense`	-	USD	1 Quarter
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-7.55K	USD	1 Quarter
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-11.79K	USD	1 Quarter
PROFIT/(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.98K	USD	1 Quarter
PROFIT/(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-119.70K	USD	1 Quarter
TAXATION	`IncomeTaxExpenseBenefit`	$78.00	USD	1 Quarter
TAXATION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET PROFIT/(LOSS)	`NetIncomeLoss`	$2.98K	USD	1 Quarter
NET PROFIT/(LOSS)	`NetIncomeLoss`	$-119.78K	USD	1 Quarter
Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-7.76K	USD	1 Quarter
Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$11.95K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-339.00	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-568.00	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-112.36K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-9.53K	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 52 line items

Line Item	Tag	Value	Unit	Period
Net profit/(loss)	`NetIncomeLoss`	$2.98K	USD	1 Quarter
Net profit/(loss)	`NetIncomeLoss`	$-119.78K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.79K	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`	$259.00	USD	1 Quarter
Account payable	`IncreaseDecreaseInAccountsPayableTrade`	$19.75K	USD	1 Quarter
Account payable	`IncreaseDecreaseInAccountsPayableTrade`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.14K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.44K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-266.00	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-9.54K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.31K	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`	$-61.67K	USD	1 Quarter
Reduction in lease liability	`IncreaseDecreaseInReductionInLeaseLiability`	$-10.58K	USD	1 Quarter
Reduction in lease liability	`IncreaseDecreaseInReductionInLeaseLiability`	-	USD	1 Quarter
Cash generated from/(used in) operations	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$84.17K	USD	1 Quarter
Cash generated from/(used in) operations	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-99.38K	USD	1 Quarter
Tax paid	`TaxationPaid`	$-1.43K	USD	1 Quarter
Tax paid	`TaxationPaid`	$-115.00	USD	1 Quarter
Net cash generated from/ (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$84.06K	USD	1 Quarter
Net cash generated from/ (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-100.81K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.20K	USD	1 Quarter
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-2.20K	USD	1 Quarter
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Advance from directors	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$58.00	USD	1 Quarter
Advance from directors	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$93.00	USD	1 Quarter
Repayment of hire purchase	`RepaymentOfHirePurchase`	$1.89K	USD	1 Quarter
Repayment of hire purchase	`RepaymentOfHirePurchase`	$1.89K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.80K	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	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.82K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$593.00	USD	1 Quarter
Net increase/(decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-102.05K	USD	1 Quarter
Net increase/(decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$78.25K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.35K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$86.70K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$126.60K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$188.75K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.35K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$86.70K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$126.60K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$188.75K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	$-115.00	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	$659.00	USD	1 Quarter
Cash received for income tax refund	`ProceedsFromIncomeTaxRefunds`	$659.00	USD	1 Quarter
Cash received for income tax refund	`ProceedsFromIncomeTaxRefunds`	-	USD	1 Quarter

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-102.03K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-104.44K	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-568.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$2.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-119.78K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-102.03K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-104.44K	USD	Point-in-time

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