10-Q Filing

DSwiss Inc CIK: 1652561 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-011396`
Period End Date	20210331
Filing Date	20210514
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	dqws-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 34 Cash Flow Statement 50 Stockholders Equity 12

Balance Sheet 77 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$127.43K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$158.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$89.80K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$9.15K	USD	Point-in-time
Other receivables, prepaid expenses and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$33.60K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other receivables, prepaid expenses and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$27.75K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$434.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$541.00	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
Inventories	`InventoryNet`	$37.99K	USD	Point-in-time
Inventories	`InventoryNet`	$33.04K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	206.90M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	206.90M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$278.56K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$239.18K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	206.90M	shares	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$51.95K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$43.33K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$5.57K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$5.52K	USD	Point-in-time
Operating lease right -of-use, net	`OperatingLeaseRightOfUseAsset`	$136.31K	USD	Point-in-time
Operating lease right -of-use, net	`OperatingLeaseRightOfUseAsset`	$35.43K	USD	Point-in-time
Operating lease right -of-use, net	`OperatingLeaseRightOfUseAsset`	$47.65K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$84.28K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$105.17K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$362.83K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$344.35K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$378.00	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.21K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$167.89K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$166.90K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityCurrent`	$9.88K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityCurrent`	$8.76K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$154.98K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$155.44K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$48.11K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$36.29K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$368.29K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$381.54K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$32.32K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$31.31K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$32.32K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$31.31K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$399.60K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$413.86K	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 March 31, 2021 and December 31, 2020 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 March 31, 2021 and December 31, 2020 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`	$-28.18K	USD	Point-in-time
Accumulated other comprehensive losses	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.88K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.46M	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS' EQUITY	`StockholdersEquity`	$-71.06K	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS' EQUITY	`StockholdersEquity`	$-95.23K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$25.73K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$34.30K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.50K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-36.77K	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`	$344.35K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$362.83K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$289.88K	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$527.54K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$173.08K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$407.54K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$120.01K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$116.80K	USD	1 Quarter
OTHER INCOME	`OtherIncome`	$1.96K	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`	$70.91K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$21.41K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$178.00	USD	1 Quarter
FINANCE COST	`FinanceExpenses`	$541.00	USD	1 Quarter
FINANCE COST	`FinanceExpenses`	$459.00	USD	1 Quarter
LEASE EXPENSES	`OperatingLeaseExpense`	$14.43K	USD	1 Quarter
LEASE EXPENSES	`OperatingLeaseExpense`	$11.85K	USD	1 Quarter
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	-	USD	1 Quarter
OTHER OPERATING EXPENSES	`NonoperatingIncomeExpense`	$-7.55K	USD	1 Quarter
PROFIT BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$32.79K	USD	1 Quarter
PROFIT BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.98K	USD	1 Quarter
TAXATION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
TAXATION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET PROFIT	`NetIncomeLoss`	$32.79K	USD	1 Quarter
NET PROFIT	`NetIncomeLoss`	$2.98K	USD	1 Quarter
Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.92K	USD	1 Quarter
Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$11.95K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-568.00	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$302.00	USD	1 Quarter
Comprehensive profit/(loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$24.17K	USD	1 Quarter
Comprehensive profit/(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 50 line items

Line Item	Tag	Value	Unit	Period
Net profit	`NetIncomeLoss`	$32.79K	USD	1 Quarter
Net profit	`NetIncomeLoss`	$2.98K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.79K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$20.79K	USD	1 Quarter
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$259.00	USD	1 Quarter
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$19.75K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-790.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.14K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$80.66K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$8.84K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-9.54K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-4.96K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.31K	USD	1 Quarter
Other receivables, prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.81K	USD	1 Quarter
Other receivables, prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-61.67K	USD	1 Quarter
Reduction in lease liability	`IncreaseDecreaseInReductionInLeaseLiability`	$-11.83K	USD	1 Quarter
Reduction in lease liability	`IncreaseDecreaseInReductionInLeaseLiability`	$-10.58K	USD	1 Quarter
Cash (used in)/generated from operations	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-20.09K	USD	1 Quarter
Cash (used in)/generated from operations	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$84.17K	USD	1 Quarter
Tax paid	`TaxationPaid`	$-107.00	USD	1 Quarter
Tax paid	`TaxationPaid`	$-115.00	USD	1 Quarter
Net cash (used in)/generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$84.06K	USD	1 Quarter
Net cash (used in)/generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.20K	USD	1 Quarter
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.20K	USD	1 Quarter
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	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`	$416.00	USD	1 Quarter
Advance from directors	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$93.00	USD	1 Quarter
Repayment of finance lease	`FinanceLeasePrincipalPayments`	$1.89K	USD	1 Quarter
Repayment of finance lease	`FinanceLeasePrincipalPayments`	$2.12K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.71K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.80K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-8.67K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.82K	USD	1 Quarter
Net (decrease)/increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$78.25K	USD	1 Quarter
Net (decrease)/increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-30.58K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$126.60K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$127.43K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.35K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$158.00K	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`	$127.43K	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`	$158.00K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	$-540.00	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$-115.00	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	$459.00	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.50K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-36.77K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-102.03K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-104.44K	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-51.00	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-568.00	USD	1 Quarter
Net profit (loss)	`NetIncomeLoss`	$32.79K	USD	1 Quarter
Net profit (loss)	`NetIncomeLoss`	$2.98K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.50K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-36.77K	USD	Point-in-time
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.