10-Q Filing

DSwiss Inc CIK: 1652561 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-016872`
Period End Date	20230331
Filing Date	20230515
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 34 Cash Flow Statement 48 Stockholders Equity 13

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`	$154.83K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$214.27K	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`	$17.49K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$31.43K	USD	Point-in-time
Other receivables, prepaid expenses and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$21.75K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other receivables, prepaid expenses and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$19.88K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Tax recoverable	`IncomeTaxesReceivable`	$744.00	USD	Point-in-time
Tax recoverable	`IncomeTaxesReceivable`	$745.00	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
Inventories	`InventoryNet`	$5.73K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	206.90M	shares	Point-in-time
Inventories	`InventoryNet`	$7.48K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	206.90M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$212.62K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	206.90M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$261.74K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	206.90M	shares	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$64.58K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$72.18K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.18K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.46K	USD	Point-in-time
Operating lease right -of-use, net	`OperatingLeaseRightOfUseAsset`	$92.61K	USD	Point-in-time
Operating lease right -of-use, net	`OperatingLeaseRightOfUseAsset`	$33.58K	USD	Point-in-time
Operating lease right -of-use, net	`OperatingLeaseRightOfUseAsset`	$44.55K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$101.34K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$120.19K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$381.92K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$555.97K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$313.96K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.54K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$154.71K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$138.63K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityCurrent`	$16.52K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityCurrent`	$12.43K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$44.55K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$33.58K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$199.92K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$245.31K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$38.40K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$38.46K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$38.40K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$38.46K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$283.77K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$238.32K	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, 2023 and December 31, 2022 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, 2023 and December 31, 2022 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 income/(loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.85K	USD	Point-in-time
Accumulated other comprehensive income/(loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$37.06K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.38M	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS EQUITY	`StockholdersEquity`	$86.27K	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS EQUITY	`StockholdersEquity`	$75.64K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	-	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$11.88K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.01K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$98.15K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$107.56K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$75.64K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$381.92K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$313.96K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$447.64K	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$265.92K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$332.38K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$183.94K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$81.98K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$115.26K	USD	1 Quarter
OTHER INCOME	`OtherNonoperatingIncome`	$4.68K	USD	1 Quarter
OTHER INCOME	`OtherNonoperatingIncome`	$1.50K	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$72.34K	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$87.80K	USD	1 Quarter
OPERATING EXPENSES	`OperatingIncomeLoss`	$-440.00	USD	1 Quarter
OPERATING EXPENSES	`OperatingIncomeLoss`	$-414.00	USD	1 Quarter
FINANCE COST	`FinanceExpenses`	$1.05K	USD	1 Quarter
FINANCE COST	`FinanceExpenses`	$2.03K	USD	1 Quarter
LEASE EXPENSES	`OperatingLeaseExpense`	$10.98K	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
(LOSS)/PROFIT BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-16.75K	USD	1 Quarter
(LOSS)/PROFIT BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.27K	USD	1 Quarter
TAXATION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
TAXATION	`IncomeTaxExpenseBenefit`	$171.00	USD	1 Quarter
NET (LOSS)/PROFIT	`NetIncomeLoss`	$-16.92K	USD	1 Quarter
NET (LOSS)/PROFIT	`NetIncomeLoss`	$34.27K	USD	1 Quarter
Non-Controlling Interest	`NetIncomeLossAttributableToMinorityInterest`	$3.36K	USD	1 Quarter
Non-Controlling Interest	`NetIncomeLossAttributableToMinorityInterest`	-	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-697.00	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$42.91K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$25.98K	USD	1 Quarter
Comprehensive income	`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 48 line items

Line Item	Tag	Value	Unit	Period
(Loss)/Profit before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-16.75K	USD	1 Quarter
(Loss)/Profit before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.27K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$18.51K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$18.37K	USD	1 Quarter
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$257.00	USD	1 Quarter
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$258.00	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-14.21K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.46K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.96K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$110.83K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-16.24K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$62.65K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.71K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.74K	USD	1 Quarter
Other receivables, prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.83K	USD	1 Quarter
Other receivables, prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.22K	USD	1 Quarter
Reduction in lease liability	`IncreaseDecreaseInReductionInLeaseLiability`	$-10.89K	USD	1 Quarter
Reduction in lease liability	`IncreaseDecreaseInReductionInLeaseLiability`	$-11.65K	USD	1 Quarter
Cash used in operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-49.72K	USD	1 Quarter
Cash used in operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.95K	USD	1 Quarter
Tax paid	`TaxationPaid`	$171.00	USD	1 Quarter
Tax paid	`TaxationPaid`	$2.12K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.89K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.08K	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
Repayment of finance lease	`FinanceLeasePrincipalPayments`	$3.94K	USD	1 Quarter
Repayment of finance lease	`FinanceLeasePrincipalPayments`	$4.06K	USD	1 Quarter
Net cash used in financing activity	`NetCashProvidedByUsedInFinancingActivities`	$-3.94K	USD	1 Quarter
Net cash used in financing activity	`NetCashProvidedByUsedInFinancingActivities`	$-4.06K	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`	$-5.49K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.46K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-59.44K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$154.83K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$214.27K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$229.08K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$234.55K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$154.83K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$214.27K	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`	$234.55K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	$2.75K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$171.00	USD	1 Quarter
Interest paid	`InterestPaidNet`	$423.00	USD	1 Quarter
Interest paid	`InterestPaidNet`	$442.00	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.01K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$98.15K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$107.56K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$75.64K	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$42.91K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-711.00	USD	1 Quarter
Changes in ownership interests in an associate	`NoncontrollingInterestChangesInOwnershipInterestsInAssociate`	$-48.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.92K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$34.27K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.01K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$98.15K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$107.56K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$75.64K	USD	Point-in-time

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