10-K Filing

DSwiss Inc CIK: 1652561 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001493152-24-011843`
Period End Date	20231231
Filing Date	20240329
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 36 Cash Flow Statement 50 Stockholders Equity 11

Balance Sheet 74 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`	$249.11K	USD	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
Accounts receivable	`AccountsReceivableNetCurrent`	$17.49K	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`	$36.15K	USD	Point-in-time
Other receivables, prepaid expenses, and deposit	`PrepaidExpenseAndOtherAssetsCurrent`	$24.53K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
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
Tax recoverable	`IncomeTaxesReceivable`	$299.00	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
Inventories	`InventoryNet`	$6.87K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	206.90M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$316.96K	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$48.10K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$72.18K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.46K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.43K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$92.61K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$44.55K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$120.19K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$50.53K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$367.49K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$381.92K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.54K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$99.36K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$154.71K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$174.71K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityCurrent`	$16.52K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityCurrent`	$21.04K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$44.55K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$245.31K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$295.11K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$38.46K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$15.96K	USD	Point-in-time
Total non-current liability	`LiabilitiesNoncurrent`	$38.46K	USD	Point-in-time
Total non-current liability	`LiabilitiesNoncurrent`	$15.96K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$311.08K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$283.77K	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 206,904,585 shares issued and outstanding as of December 31, 2023 and 2022 respectively	`CommonStockValue`	$20.69K	USD	Point-in-time
Common stock, $0.0001 par value, 600,000,000 shares authorized, 206,904,585 shares and 206,904,585 shares issued and outstanding as of December 31, 2023 and 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`	$50.45K	USD	Point-in-time
Accumulated other comprehensive income/(loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.85K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.32M	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS EQUITY	`StockholdersEquity`	$86.27K	USD	Point-in-time
TOTAL DSWISS, INC. STOCKHOLDERS EQUITY	`StockholdersEquity`	$56.41K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	$11.88K	USD	Point-in-time
NON-CONTROLLING INTEREST	`MinorityInterest`	-	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$56.41K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$98.15K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.01K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$381.92K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$367.49K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.47M	USD	Annual
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.85M	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$1.40M	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$1.11M	USD	Annual
GROSS PROFIT	`GrossProfit`	$359.23K	USD	Annual
GROSS PROFIT	`GrossProfit`	$444.99K	USD	Annual
OTHER INCOME	`OtherNonoperatingIncome`	$4.82K	USD	Annual
OTHER INCOME	`OtherNonoperatingIncome`	$6.90K	USD	Annual
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$367.65K	USD	Annual
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$402.41K	USD	Annual
OPERATING EXPENSES	`OperatingIncomeLoss`	$-1.30K	USD	Annual
OPERATING EXPENSES	`OperatingIncomeLoss`	$-1.34K	USD	Annual
FINANCE COST	`FinanceExpenses`	$6.21K	USD	Annual
FINANCE COST	`FinanceExpenses`	$2.92K	USD	Annual
LEASE EXPENSES	`OperatingLeaseExpense`	$43.10K	USD	Annual
LEASE EXPENSES	`OperatingLeaseExpense`	$42.31K	USD	Annual
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-48.88K	USD	Annual
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.42K	USD	Annual
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	$657.00	USD	Annual
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	$516.00	USD	Annual
NET LOSS	`NetIncomeLoss`	$-49.53K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-2.94K	USD	Annual
Non-Controlling Interests	`NetIncomeLossAttributableToMinorityInterest`	-	USD	Annual
Non-Controlling Interests	`NetIncomeLossAttributableToMinorityInterest`	$11.35K	USD	Annual
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$56.30K	USD	Annual
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$27.14K	USD	Annual
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$6.76K	USD	Annual
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$12.85K	USD	Annual
Net loss per share - basic	`EarningsPerShareBasic`	$-0.00	USD	Annual
Net loss per share - basic	`EarningsPerShareBasic`	$-0.00	USD	Annual
Net loss per share - diluted	`EarningsPerShareDiluted`	$-0.00	USD	Annual
Net loss per share - diluted	`EarningsPerShareDiluted`	$-0.00	USD	Annual
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	206.90M	shares	Annual
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	206.90M	shares	Annual
Weighted average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	206.90M	shares	Annual
Weighted average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	206.90M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Loss before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-48.88K	USD	Annual
Loss before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.42K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$72.44K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$64.93K	USD	Annual
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$1.03K	USD	Annual
Amortization for intangible assets	`AmortizationOfIntangibleAssets`	$1.03K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-26.44K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.55K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$14.70K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$25.18K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-329.00	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-8.71K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$22.97K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-42.44K	USD	Annual
Other receivables, prepaid expenses, and deposit	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-29.00K	USD	Annual
Other receivables, prepaid expenses, and deposit	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.61K	USD	Annual
Reduction in lease liability	`IncreaseDecreaseInReductionInLeaseLiability`	$-42.86K	USD	Annual
Reduction in lease liability	`IncreaseDecreaseInReductionInLeaseLiability`	$-42.21K	USD	Annual
Cash generated from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$23.25K	USD	Annual
Cash generated from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$45.53K	USD	Annual
Taxation paid	`TaxationPaid`	$238.00	USD	Annual
Taxation paid	`TaxationPaid`	$822.00	USD	Annual
Net cash generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.43K	USD	Annual
Net cash generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.30K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$373.00	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.38K	USD	Annual
Disposal of property and equipment	`ProceedsFromDisposalOfPropertyAndEquipment`	-	USD	Annual
Disposal of property and equipment	`ProceedsFromDisposalOfPropertyAndEquipment`	$1.00	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.38K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-372.00	USD	Annual
Repayment to directors	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Annual
Repayment to directors	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-38.28K	USD	Annual
Repayment of finance lease	`FinanceLeasePrincipalPayments`	$15.89K	USD	Annual
Repayment of finance lease	`FinanceLeasePrincipalPayments`	$15.67K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.89K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-53.95K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$25.63K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.81K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$34.84K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-20.28K	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$234.55K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$214.27K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$249.11K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$234.55K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$214.27K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$249.11K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	$141.00	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	$238.00	USD	Annual
Interest paid	`InterestPaidNet`	$406.00	USD	Annual
Interest paid	`InterestPaidNet`	$421.00	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$56.41K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$98.15K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.01K	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$27.08K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$56.30K	USD	Annual
Net gain (loss)	`NetIncomeLoss`	$-49.53K	USD	Annual
Net gain (loss)	`NetIncomeLoss`	$-2.94K	USD	Annual
Changes in ownership interests in an associate	`NoncontrollingInterestChangesInOwnershipInterestsInAssociate`	$-48.50K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$56.41K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$98.15K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.01K	USD	Point-in-time

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