10-Q Filing

MYSEUM, INC. CIK: 1648960 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-049801`
Period End Date	20210630
Filing Date	20210924
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	f10q0621_datchatinc_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 52 Cash Flow Statement 45 Stockholders Equity 28

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$1.10M	USD	Point-in-time
Cash	`Cash`	$690.42K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$179.01K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$25.26K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.28M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$715.68K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$14.96K	USD	Point-in-time
Preferred stock, share authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, share authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$28.63K	USD	Point-in-time
Total Assets	`Assets`	$1.30M	USD	Point-in-time
Total Assets	`Assets`	$744.32K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$119.62K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$176.03K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.73M	shares	Point-in-time
Note payable, current portion	`NotesPayableCurrent`	$6.04K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.39M	shares	Point-in-time
Note payable, current portion	`NotesPayableCurrent`	$4.04K	USD	Point-in-time
Common stock, share outstanding	`CommonStockSharesOutstanding`	12.73M	shares	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrent`	$7.50K	USD	Point-in-time
Common stock, share outstanding	`CommonStockSharesOutstanding`	13.39M	shares	Point-in-time
Common stock to be issued	`CommonStockToBeIssued`	1,564.00	shares	Point-in-time
Common stock to be issued	`CommonStockToBeIssued`	52,782.00	shares	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$28.63K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$14.96K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$1.27K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$194.00	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$159.99K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$198.30K	USD	Point-in-time
Note payable, less current	`LongTermNotesPayable`	-	USD	Point-in-time
Note payable, less current	`LongTermNotesPayable`	$2.00K	USD	Point-in-time
Total long-term liabilities:	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total long-term liabilities:	`LiabilitiesNoncurrent`	$2.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$161.99K	USD	Point-in-time
Total Liabilities	`Liabilities`	$198.30K	USD	Point-in-time
Commitments and Contingencies - (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies - (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock ($0.0001 par value; 20,000,000 shares authorized) Series A Preferred stock ($0.0001 Par Value; 1 Share Authorized; none issued and outstanding at June 30, 2021 and December 31, 2020)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock ($0.0001 par value; 20,000,000 shares authorized) Series A Preferred stock ($0.0001 Par Value; 1 Share Authorized; none issued and outstanding at June 30, 2021 and December 31, 2020)	`PreferredStockValue`	-	USD	Point-in-time
Common stock ($0.0001 par value; 180,000,000 shares authorized; 13,389,083 and 12,727,820 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively)	`CommonStockValue`	$1.34K	USD	Point-in-time
Common stock ($0.0001 par value; 180,000,000 shares authorized; 13,389,083 and 12,727,820 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively)	`CommonStockValue`	$1.27K	USD	Point-in-time
Common stock to be issued 1,564 and 52,782 shares, at June 30, 2021 and December 31, 2020, respectively)	`CommonStockvalueone`	-	USD	Point-in-time
Common stock to be issued 1,564 and 52,782 shares, at June 30, 2021 and December 31, 2020, respectively)	`CommonStockvalueone`	$5.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$19.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.40M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$582.33K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.65M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$-339.88K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$-126.67K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.10M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$-266.04K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.30M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$744.32K	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
NET REVENUES	`Revenues`	-	USD	1 Quarter
NET REVENUES	`Revenues`	-	USD	2 Qtrs
NET REVENUES	`Revenues`	-	USD	2 Qtrs
NET REVENUES	`Revenues`	-	USD	1 Quarter
Compensation and related expenses	`CompensationAndRelatedExpenses`	$501.51K	USD	2 Qtrs
Compensation and related expenses	`CompensationAndRelatedExpenses`	$181.80K	USD	2 Qtrs
Compensation and related expenses	`CompensationAndRelatedExpenses`	$102.20K	USD	1 Quarter
Compensation and related expenses	`CompensationAndRelatedExpenses`	$222.38K	USD	1 Quarter
Marketing and advertising expenses	`MarketingAndAdvertisingExpense`	$23.98K	USD	1 Quarter
Marketing and advertising expenses	`MarketingAndAdvertisingExpense`	$103.48K	USD	1 Quarter
Marketing and advertising expenses	`MarketingAndAdvertisingExpense`	$82.83K	USD	2 Qtrs
Marketing and advertising expenses	`MarketingAndAdvertisingExpense`	$152.43K	USD	2 Qtrs
Professional and consulting expenses	`ProfessionalAndConsultingExpenses`	$232.29K	USD	1 Quarter
Professional and consulting expenses	`ProfessionalAndConsultingExpenses`	$83.59K	USD	2 Qtrs
Professional and consulting expenses	`ProfessionalAndConsultingExpenses`	$51.19K	USD	1 Quarter
Professional and consulting expenses	`ProfessionalAndConsultingExpenses`	$836.33K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$43.93K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$20.99K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$152.46K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$87.78K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$392.15K	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$1.64M	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$645.93K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$198.36K	USD	1 Quarter
Interest expense	`InterestExpense`	$14.17K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.00	USD	1 Quarter
Interest expense	`InterestExpense`	$112.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$28.35K	USD	2 Qtrs
Other income	`OtherIncome`	$7.00K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	$7.00K	USD	2 Qtrs
Other income	`OtherIncome`	-	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$297.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$163.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$8.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$7.00	USD	1 Quarter
Total other income (expense), net	`InterestIncomeExpenseNet`	$185.00	USD	2 Qtrs
Total other income (expense), net	`InterestIncomeExpenseNet`	$-7.17K	USD	1 Quarter
Total other income (expense), net	`InterestIncomeExpenseNet`	$148.00	USD	1 Quarter
Total other income (expense), net	`InterestIncomeExpenseNet`	$-21.34K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.64M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-645.78K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-413.49K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-205.53K	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	2 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.37M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.39M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.27M	shares	2 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.18M	shares	2 Qtrs

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.64M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-645.78K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-413.49K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-205.53K	USD	1 Quarter
Amortization of ROU asset	`AmortizationOfIntangibleAssets`	$11.44K	USD	2 Qtrs
Amortization of ROU asset	`AmortizationOfIntangibleAssets`	$13.68K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.67K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$570.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$153.75K	USD	2 Qtrs
Advance deposits	`IncreaseDecreaseInOtherOperatingLiabilities`	$-50.00K	USD	2 Qtrs
Advance deposits	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.59K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$56.41K	USD	2 Qtrs
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-11.44K	USD	2 Qtrs
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-13.68K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-446.23K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-1.17M	USD	2 Qtrs
Advances from a related party	`ProceedsFromRelatedPartyDebt`	$133.30K	USD	2 Qtrs
Advances from a related party	`ProceedsFromRelatedPartyDebt`	$99.17K	USD	2 Qtrs
Payments on related party advances	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-98.81K	USD	2 Qtrs
Payments on related party advances	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-132.22K	USD	2 Qtrs
Repayment of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$1.00K	USD	2 Qtrs
Repayment of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$7.50K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$6.04K	USD	2 Qtrs
Net proceeds from sale of common stock and common stock to be issued, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$1.59M	USD	2 Qtrs
Net proceeds from sale of common stock and common stock to be issued, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$606.70K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$612.10K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$1.58M	USD	2 Qtrs
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$411.92K	USD	2 Qtrs
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$165.87K	USD	2 Qtrs
CASH - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$690.42K	USD	Point-in-time
CASH - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$236.65K	USD	Point-in-time
CASH - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$70.77K	USD	Point-in-time
CASH - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
CASH - end of period	`CashAndCashEquivalentsAtCarryingValue`	$690.42K	USD	Point-in-time
CASH - end of period	`CashAndCashEquivalentsAtCarryingValue`	$236.65K	USD	Point-in-time
CASH - end of period	`CashAndCashEquivalentsAtCarryingValue`	$70.77K	USD	Point-in-time
CASH - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Interest	`InterestPaidNet`	$1.50K	USD	2 Qtrs
Interest	`InterestPaidNet`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Common stock issued for future services	`CommonStockIssuedForFutureServices`	$18.33K	USD	2 Qtrs
Common stock issued for future services	`CommonStockIssuedForFutureServices`	$250.00K	USD	2 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$582.33K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$-339.88K	USD	Point-in-time
Balance	`StockholdersEquity`	$-126.67K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$-266.04K	USD	Point-in-time
Sale of common stock, net of offering costs	`StockIssuedDuringPeriodValueOther`	$324.90K	USD	1 Quarter
Sale of common stock, net of offering costs	`StockIssuedDuringPeriodValueOther`	$281.80K	USD	1 Quarter
Sale of common stock, net of offering costs	`StockIssuedDuringPeriodValueOther`	$1.59M	USD	1 Quarter
Sale of common stock, net of offering costs	`StockIssuedDuringPeriodValueOther`	$-3.73K	USD	1 Quarter
Common stock to be issued cancelled	`CommonStockToBeIssuedCancelled`	$-1.00K	USD	1 Quarter
Accretion of stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$100.00K	USD	1 Quarter
Fractional shares due to reverse split	`FractionalSharesDueToReverseSplit`	-	USD	1 Quarter
Common stock issued for cashless exercise of stock warrants	`CommonStockIssuedForCashlessExerciseOfStockWarrants`	-	USD	1 Quarter
Common stock issued for common stock issuable	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Common stock issued for common stock issuable	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$470.00K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$20.00K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-207.96K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-205.53K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-645.78K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-996.77K	USD	1 Quarter
Balance	`StockholdersEquity`	$582.33K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$-339.88K	USD	Point-in-time
Balance	`StockholdersEquity`	$-126.67K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$-266.04K	USD	Point-in-time

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