10-K Filing

DSwiss Inc CIK: 1652561 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001493152-22-008249`
Period End Date	20211231
Filing Date	20220331
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 34 Cash Flow Statement 60 Stockholders Equity 7

Balance Sheet 79 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`	$234.55K	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`	$158.00K	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
Accounts receivable	`AccountsReceivableNetCurrent`	$9.15K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.05K	USD	Point-in-time
Other receivables, prepaid expenses, and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$53.69K	USD	Point-in-time
Common stock, par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other receivables, prepaid expenses, and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$33.60K	USD	Point-in-time
Tax recoverable	`IncomeTaxesReceivable`	$434.00	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
Tax recoverable	`IncomeTaxesReceivable`	$814.00	USD	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`	$37.99K	USD	Point-in-time
Inventories	`InventoryNet`	$17.13K	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`	$239.18K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$308.24K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$51.95K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$92.97K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$4.50K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$5.57K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$47.65K	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`	$92.61K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$190.07K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$105.17K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$498.31K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$344.35K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.90K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.21K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$166.90K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$205.36K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityCurrent`	$16.70K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityCurrent`	$9.88K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$40.51K	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`	$45.27K	USD	Point-in-time
Current tax liabilities	`TaxesPayableCurrent`	$175.00	USD	Point-in-time
Current tax liabilities	`TaxesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$381.54K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$318.91K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$58.05K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$32.32K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$47.34K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$105.39K	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`	$424.30K	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, 206,904,585 shares and 206,904,600 shares issued and outstanding as of December 31, 2021 and 2020 respectively	`CommonStockValue`	$20.69K	USD	Point-in-time
Common stock, $0.0001 par value, 600,000,000 shares authorized, 206,904,585 shares and 206,904,600 shares issued and outstanding as of December 31, 2021 and 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`	$-32.98K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.48M	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS EQUITY	`StockholdersEquity`	$-95.23K	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS EQUITY	`StockholdersEquity`	$73.42K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$25.73K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$589.00	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.01K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.50K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$344.35K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$498.31K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.96M	USD	Annual
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.35M	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$1.46M	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$980.24K	USD	Annual
GROSS PROFIT	`GrossProfit`	$367.48K	USD	Annual
GROSS PROFIT	`GrossProfit`	$499.12K	USD	Annual
OTHER INCOME	`OtherNonoperatingIncome`	$104.98K	USD	Annual
OTHER INCOME	`OtherNonoperatingIncome`	$8.39K	USD	Annual
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$288.00K	USD	Annual
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$308.69K	USD	Annual
OPERATING EXPENSES	`OperatingIncomeLoss`	$-1.22K	USD	Annual
OPERATING EXPENSES	`OperatingIncomeLoss`	$-1.46K	USD	Annual
FINANCE COST	`FinanceExpenses`	$2.81K	USD	Annual
FINANCE COST	`FinanceExpenses`	$2.60K	USD	Annual
LEASE EXPENSES	`OperatingLeaseExpense`	$44.49K	USD	Annual
LEASE EXPENSES	`OperatingLeaseExpense`	$45.31K	USD	Annual
LOSS ON LIQUIDATION	`GainLossOnSaleOfInvestments`	-	USD	Annual
LOSS ON LIQUIDATION	`GainLossOnSaleOfInvestments`	$-105.08K	USD	Annual
PROFIT/(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$150.28K	USD	Annual
PROFIT/(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.05K	USD	Annual
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	$2.87K	USD	Annual
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	$176.00	USD	Annual
NET PROFIT/(LOSS)	`NetIncomeLoss`	$27.18K	USD	Annual
NET PROFIT/(LOSS)	`NetIncomeLoss`	$150.10K	USD	Annual
Non-Controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$19.50K	USD	Annual
Non-Controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-23.36K	USD	Annual
- Foreign exchange adjustment profit/loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$6.39K	USD	Annual
- Foreign exchange adjustment profit/loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.81K	USD	Annual
COMPREHENSIVE PROFIT/(LOSS)	`ComprehensiveIncomeNetOfTax`	$14.06K	USD	Annual
COMPREHENSIVE PROFIT/(LOSS)	`ComprehensiveIncomeNetOfTax`	$168.65K	USD	Annual
Net profit/(loss) per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.00	USD	Annual
Net profit/(loss) per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.00	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 60 line items

Line Item	Tag	Value	Unit	Period
Profit/(loss) before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$150.28K	USD	Annual
Profit/(loss) before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.05K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$62.58K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$65.38K	USD	Annual
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$1.04K	USD	Annual
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$1.03K	USD	Annual
Unrealised gain	`UnrealisedGain`	$1.01K	USD	Annual
Unrealised gain	`UnrealisedGain`	-	USD	Annual
Write off accounts receivable	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	$560.00	USD	Annual
Write off accounts receivable	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	-	USD	Annual
Written off fixed asset	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	-	USD	Annual
Written off fixed asset	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$441.00	USD	Annual
Loss on liquidation	`GainLossOnSaleOfInvestments`	-	USD	Annual
Loss on liquidation	`GainLossOnSaleOfInvestments`	$-105.08K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.85K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$638.00	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$9.82K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$745.00	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-19.76K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$20.45K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$49.25K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-175.21K	USD	Annual
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$460.00	USD	Annual
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-96.00K	USD	Annual
Reduction in lease liability	`IncreaseDecreaseInReductionInLeaseLiability`	$-46.92K	USD	Annual
Reduction in lease liability	`IncreaseDecreaseInReductionInLeaseLiability`	$-46.01K	USD	Annual
Cash generated from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$254.99K	USD	Annual
Cash generated from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$55.19K	USD	Annual
Taxation (paid)/refunded	`TaxationPaid`	$-3.72K	USD	Annual
Taxation (paid)/refunded	`TaxationPaid`	$3.30K	USD	Annual
Net cash generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$251.69K	USD	Annual
Net cash generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$58.91K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$62.08K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.04K	USD	Annual
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-62.08K	USD	Annual
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-2.04K	USD	Annual
Advance from / (Repayment to) directors	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$113.38K	USD	Annual
Advance from / (Repayment to) directors	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-112.85K	USD	Annual
Advance to related companies	`PaymentsForAdvanceToRelatedCompanies`	-	USD	Annual
Advance to related companies	`PaymentsForAdvanceToRelatedCompanies`	$398.00	USD	Annual
Additional of finance lease	`AdditionalProceedsFromFinanceLease`	-	USD	Annual
Additional of finance lease	`AdditionalProceedsFromFinanceLease`	$43.53K	USD	Annual
(Repayment) of finance lease	`FinanceLeasePrincipalPayments`	$9.24K	USD	Annual
(Repayment) of finance lease	`FinanceLeasePrincipalPayments`	$8.23K	USD	Annual
Net cash (used in) / provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-78.95K	USD	Annual
Net cash (used in) / provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$105.14K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-52.36K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-34.12K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$76.54K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$109.65K	USD	Annual
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, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$234.55K	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
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$234.55K	USD	Point-in-time
Income taxes paid/(refunded)	`IncomeTaxesPaidNet`	$3.30K	USD	Annual
Income taxes paid/(refunded)	`IncomeTaxesPaidNet`	$-3.72K	USD	Annual
Interest paid	`InterestPaidNet`	$2.81K	USD	Annual
Interest paid	`InterestPaidNet`	$2.60K	USD	Annual

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.01K	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.50K	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-6.59K	USD	Annual
Net gain	`NetIncomeLoss`	$27.18K	USD	Annual
Net gain	`NetIncomeLoss`	$150.10K	USD	Annual
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.01K	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.50K	USD	Point-in-time

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