10-K/A Filing

DSwiss Inc CIK: 1652561 FY 2020

Filing Information

Form Type	10-K/A
Accession Number	`0001493152-21-021071`
Period End Date	20201231
Filing Date	20210824
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	form10-ka_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 36 Cash Flow Statement 62 Stockholders Equity 7

Balance Sheet 76 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`	$158.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.35K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$8.34K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$9.15K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other receivables, prepaid expenses and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$124.38K	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
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`	$1.30K	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
Common stock, shares issued	`CommonStockSharesIssued`	206.90M	shares	Point-in-time
Inventories	`InventoryNet`	$17.20K	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
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`	$66.96K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$51.95K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$5.57K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$6.58K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$92.88K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$136.31K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$47.65K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$166.42K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$105.17K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$344.35K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$366.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.21K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$458.00	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$202.40K	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`	$8.07K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$155.44K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$125.83K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$48.11K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$45.12K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$381.54K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$381.89K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$41.37K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$32.32K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$47.18K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$88.55K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$32.32K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$413.86K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$470.44K	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, 2020 and 2019 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, 2020 and 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`	$-28.18K	USD	Point-in-time
Accumulated other comprehensive losses	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-34.56K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.49M	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS EQUITY	`StockholdersEquity`	$-109.29K	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS EQUITY	`StockholdersEquity`	$-95.23K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$4.85K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$25.73K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.50K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-104.44K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$366.00K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$344.35K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$273.66K	USD	Annual
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.35M	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$181.93K	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$980.24K	USD	Annual
GROSS PROFIT	`GrossProfit`	$367.48K	USD	Annual
GROSS PROFIT	`GrossProfit`	$91.73K	USD	Annual
OTHER INCOME	`OtherNonoperatingIncome`	$104.98K	USD	Annual
OTHER INCOME	`OtherNonoperatingIncome`	$63.59K	USD	Annual
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$288.00K	USD	Annual
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$242.16K	USD	Annual
OPERATING EXPENSES	`OperatingCostsAndExpenses`	$1.22K	USD	Annual
OPERATING EXPENSES	`OperatingCostsAndExpenses`	$94.77K	USD	Annual
FINANCE COST	`FinanceExpenses`	$2.45K	USD	Annual
FINANCE COST	`FinanceExpenses`	$2.81K	USD	Annual
LEASE EXPENSES	`OperatingLeaseExpense`	$45.31K	USD	Annual
LEASE EXPENSES	`OperatingLeaseExpense`	$48.07K	USD	Annual
OTHER OPERATING INCOME/EXPENSES	`OtherOperatingIncomeExpenses`	$-56.31K	USD	Annual
OTHER OPERATING INCOME/EXPENSES	`OtherOperatingIncomeExpenses`	-	USD	Annual
LOSS ON LIQUIDATION	`GainLossOnSaleOfInvestments`	$-105.08K	USD	Annual
LOSS ON LIQUIDATION	`GainLossOnSaleOfInvestments`	$-7.03K	USD	Annual
PROFIT/(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-295.46K	USD	Annual
PROFIT/(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$30.05K	USD	Annual
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	-	USD	Annual
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	$2.87K	USD	Annual
NET PROFIT/(LOSS)	`NetIncomeLoss`	$-295.46K	USD	Annual
NET PROFIT/(LOSS)	`NetIncomeLoss`	$27.18K	USD	Annual
Non-Controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$19.50K	USD	Annual
Non-Controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-9.56K	USD	Annual
- Foreign exchange adjustment profit/loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$6.39K	USD	Annual
- Foreign exchange adjustment profit/loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-13.07K	USD	Annual
COMPREHENSIVE PROFIT/(LOSS)	`ComprehensiveIncomeNetOfTax`	$14.06K	USD	Annual
COMPREHENSIVE PROFIT/(LOSS)	`ComprehensiveIncomeNetOfTax`	$-298.97K	USD	Annual
Net profit/(loss) per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Net profit/(loss) per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	206.90M	shares	Annual
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	206.90M	shares	Annual

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Profit/(loss) before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-295.46K	USD	Annual
Profit/(loss) before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$30.05K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$62.66K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$62.58K	USD	Annual
Bad debts expense	`ProvisionForDoubtfulAccounts`	$19.07K	USD	Annual
Bad debts expense	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Waiver of debts	`WaiverOfDebt`	-	USD	Annual
Waiver of debts	`WaiverOfDebt`	$38.00	USD	Annual
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$2.87K	USD	Annual
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$1.04K	USD	Annual
Unrealised gain	`UnrealisedGain`	$1.01K	USD	Annual
Unrealised gain	`UnrealisedGain`	-	USD	Annual
Write off accounts receivable	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	-	USD	Annual
Write off accounts receivable	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	$560.00	USD	Annual
Written off fixed asset	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$441.00	USD	Annual
Written off fixed asset	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$8.84K	USD	Annual
Trademark written-off	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$478.00	USD	Annual
Trademark written-off	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	Annual
Loss on liquidation	`GainLossOnSaleOfInvestments`	$-105.08K	USD	Annual
Loss on liquidation	`GainLossOnSaleOfInvestments`	$-7.03K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.42K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$638.00	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$745.00	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-27.42K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$20.45K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$2.06K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-175.21K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$149.42K	USD	Annual
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$63.48K	USD	Annual
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-96.00K	USD	Annual
Reduction in lease liability	`IncreaseDecreaseInReductionInLeaseLiability`	$-43.70K	USD	Annual
Reduction in lease liability	`IncreaseDecreaseInReductionInLeaseLiability`	$-46.01K	USD	Annual
Cash generated from/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-178.37K	USD	Annual
Cash generated from/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$55.19K	USD	Annual
Taxation refunded/(paid)	`TaxationPaid`	$-1.30K	USD	Annual
Taxation refunded/(paid)	`TaxationPaid`	$3.72K	USD	Annual
Net cash generated from/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-179.67K	USD	Annual
Net cash generated from/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$58.91K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.04K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.08K	USD	Annual
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-2.04K	USD	Annual
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-2.08K	USD	Annual
Advance from directors	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$113.38K	USD	Annual
Advance from directors	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$85.36K	USD	Annual
Repayment of finance lease	`FinanceLeasePrincipalPayments`	$6.88K	USD	Annual
Repayment of finance lease	`FinanceLeasePrincipalPayments`	$8.23K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$105.14K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$78.47K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-37.12K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-52.36K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$109.65K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-103.28K	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$188.75K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.35K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$158.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$188.75K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.35K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$158.00K	USD	Point-in-time
Income taxes (refunded)/paid	`IncomeTaxesPaidNet`	$1.30K	USD	Annual
Income taxes (refunded)/paid	`IncomeTaxesPaidNet`	$-3.72K	USD	Annual
Interest paid	`InterestPaidNet`	$2.81K	USD	Annual
Interest paid	`InterestPaidNet`	$7.48K	USD	Annual

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.50K	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-104.44K	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$7.76K	USD	Annual
Net gain	`NetIncomeLoss`	$-295.46K	USD	Annual
Net gain	`NetIncomeLoss`	$27.18K	USD	Annual
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.50K	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-104.44K	USD	Point-in-time

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