10-Q Filing

DSwiss Inc CIK: 1652561 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-013153`
Period End Date	20220331
Filing Date	20220513
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 34 Cash Flow Statement 50 Stockholders Equity 12

Balance Sheet 82 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`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$229.08K	USD	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 outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$112.86K	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
Other receivables, prepaid expenses and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$21.91K	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
Tax recoverable	`IncomeTaxesReceivable`	$814.00	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`	$2.75K	USD	Point-in-time
Inventories	`InventoryNet`	$18.70K	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`	$17.13K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$308.24K	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`	$385.31K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$92.97K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$86.23K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$4.50K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$4.22K	USD	Point-in-time
Operating lease right -of-use, net	`OperatingLeaseRightOfUseAsset`	$47.65K	USD	Point-in-time
Operating lease right -of-use, net	`OperatingLeaseRightOfUseAsset`	$92.61K	USD	Point-in-time
Operating lease right -of-use, net	`OperatingLeaseRightOfUseAsset`	$80.21K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$190.07K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$170.66K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$498.31K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$555.97K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$362.83K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.90K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.80K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$205.36K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$238.83K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityCurrent`	$16.70K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityCurrent`	$16.78K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$40.51K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$40.18K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$44.91K	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`	$173.00	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$318.91K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$359.67K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$53.44K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$58.05K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$35.30K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$47.34K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$88.74K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$105.39K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$424.30K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$448.41K	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 issued and outstanding as of March 31, 2022 and December 31, 2021 respectively	`CommonStockValue`	$20.69K	USD	Point-in-time
Common stock, $0.0001 par value, 600,000,000 shares authorized, 206,904,585 shares issued and outstanding as of March 31, 2022 and December 31, 2021 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`	$-33.68K	USD	Point-in-time
Accumulated other comprehensive losses	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-32.98K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.31M	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS EQUITY	`StockholdersEquity`	$73.42K	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS EQUITY	`StockholdersEquity`	$103.63K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$589.00	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$3.93K	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 STOCKHOLDERS EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$107.56K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-36.77K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$498.31K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$555.97K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$447.64K	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$289.88K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$173.08K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$332.38K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$115.26K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$116.80K	USD	1 Quarter
OTHER INCOME	`OtherNonoperatingIncome`	$1.96K	USD	1 Quarter
OTHER INCOME	`OtherNonoperatingIncome`	$4.68K	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$70.91K	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$72.34K	USD	1 Quarter
OPERATING EXPENSES	`OtherGeneralExpense`	$440.00	USD	1 Quarter
OPERATING EXPENSES	`OtherGeneralExpense`	$178.00	USD	1 Quarter
FINANCE COST	`FinanceExpenses`	$2.03K	USD	1 Quarter
FINANCE COST	`FinanceExpenses`	$459.00	USD	1 Quarter
LEASE EXPENSES	`OperatingLeaseExpense`	$14.43K	USD	1 Quarter
LEASE EXPENSES	`OperatingLeaseExpense`	$10.87K	USD	1 Quarter
OTHER OPERATING EXPENSES	`OtherNonoperatingExpense`	-	USD	1 Quarter
OTHER OPERATING EXPENSES	`OtherNonoperatingExpense`	-	USD	1 Quarter
PROFIT BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.27K	USD	1 Quarter
PROFIT BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$32.79K	USD	1 Quarter
TAXATION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
TAXATION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET PROFIT	`NetIncomeLoss`	$34.27K	USD	1 Quarter
NET PROFIT	`NetIncomeLoss`	$32.79K	USD	1 Quarter
Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.36K	USD	1 Quarter
Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.92K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-697.00	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$302.00	USD	1 Quarter
Comprehensive profit	`ComprehensiveIncomeNetOfTax`	$24.17K	USD	1 Quarter
Comprehensive profit	`ComprehensiveIncomeNetOfTax`	$30.21K	USD	1 Quarter
Net income per share- Basic and diluted	`EarningsPerShareBasic`	$0.00	USD	1 Quarter
Net income per share- Basic and diluted	`EarningsPerShareBasic`	$0.00	USD	1 Quarter
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	206.90M	shares	1 Quarter
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	206.90M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net profit	`NetIncomeLoss`	$34.27K	USD	1 Quarter
Net profit	`NetIncomeLoss`	$32.79K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$18.37K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$20.79K	USD	1 Quarter
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$258.00	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.46K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-790.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$80.66K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$110.83K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$8.84K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$62.65K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.71K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-4.96K	USD	1 Quarter
Other receivables, prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.22K	USD	1 Quarter
Other receivables, prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.81K	USD	1 Quarter
Reduction in lease liability	`IncreaseDecreaseInReductionInLeaseLiability`	$-11.83K	USD	1 Quarter
Reduction in lease liability	`IncreaseDecreaseInReductionInLeaseLiability`	$-11.65K	USD	1 Quarter
Cash used in operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.95K	USD	1 Quarter
Cash used in operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-20.09K	USD	1 Quarter
Tax paid	`TaxationPaid`	$-2.12K	USD	1 Quarter
Tax paid	`TaxationPaid`	$-107.00	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.08K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.20K	USD	1 Quarter
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.50K	USD	1 Quarter
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-1.50K	USD	1 Quarter
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Advance from directors	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Advance from directors	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$416.00	USD	1 Quarter
Repayment of finance lease	`FinanceLeasePrincipalPayments`	$2.12K	USD	1 Quarter
Repayment of finance lease	`FinanceLeasePrincipalPayments`	$3.94K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.71K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.94K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.04K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalent	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-8.67K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.46K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-30.58K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$229.08K	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`	$234.55K	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`	$229.08K	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`	$234.55K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$158.00K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	$2.75K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$540.00	USD	1 Quarter
Interest paid	`InterestPaidNet`	$459.00	USD	1 Quarter
Interest paid	`InterestPaidNet`	$442.00	USD	1 Quarter

Stockholders Equity 12 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
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$107.56K	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-36.77K	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-711.00	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-51.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$34.27K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$32.79K	USD	1 Quarter
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.01K	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.50K	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$107.56K	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-36.77K	USD	Point-in-time

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