10-K Filing

DATASEA INC. CIK: 1631282 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001213900-21-050298`
Period End Date	20210630
Filing Date	20210928
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	dtss-20210630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 44 Cash Flow Statement 69 Stockholders Equity 14

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
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`	375.00M	shares	Point-in-time
Cash	`Cash`	$1.07M	USD	Point-in-time
Cash	`Cash`	$49.68K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	375.00M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$600.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	21.47M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	20.94M	shares	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesIssued`	21.47M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesIssued`	20.94M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.86K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.12K	USD	Point-in-time
Inventory	`InventoryNet`	$105.21K	USD	Point-in-time
Inventory	`InventoryNet`	$194.26K	USD	Point-in-time
Value-added tax prepayment	`ValueaddedTaxPrepayment`	$69.78K	USD	Point-in-time
Value-added tax prepayment	`ValueaddedTaxPrepayment`	$171.57K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.06M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$468.62K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$885.99K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.90M	USD	Point-in-time
Security deposit for rents	`DepositsAssetsNoncurrent`	$256.99K	USD	Point-in-time
Security deposit for rents	`DepositsAssetsNoncurrent`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$291.03K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$309.41K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.09M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$20.69K	USD	Point-in-time
Right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$702.95K	USD	Point-in-time
Right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$1.35M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$3.01M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.01M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.91M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.90M	USD	Point-in-time
Accounts payable	`AccruedLiabilitiesCurrent`	$46.98K	USD	Point-in-time
Accounts payable	`AccruedLiabilitiesCurrent`	$174.72K	USD	Point-in-time
Advances from customers	`AdvancesFromCustomers`	$20.95K	USD	Point-in-time
Unearned revenue	`UnearnedPremiums`	$189.53K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$46.44K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Accrued expenses and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$561.67K	USD	Point-in-time
Accrued expenses and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$274.93K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$69.31K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	-	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$1.49M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$730.18K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$346.63K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$689.49K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.26M	USD	Point-in-time
Operating lease liabilities	`OperatingLesaeLiabilitiesNonCurrent`	$558.74K	USD	Point-in-time
Operating lease liabilities	`OperatingLesaeLiabilitiesNonCurrent`	$341.27K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$558.74K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$341.27K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.82M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.03M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 375,000,000 shares authorized, 21,474,138 and 20,943,846 shares issued and outstanding, respectively	`CommonStockValue`	$21.47K	USD	Point-in-time
Common stock, $0.001 par value, 375,000,000 shares authorized, 21,474,138 and 20,943,846 shares issued and outstanding, respectively	`CommonStockValue`	$20.94K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.09M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.10M	USD	Point-in-time
Accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$273.25K	USD	Point-in-time
Accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$170.21K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.06M	USD	Point-in-time
TOTAL COMPANY STOCKHOLDERS EQUITY	`StockholdersEquity`	$3.88M	USD	Point-in-time
TOTAL COMPANY STOCKHOLDERS EQUITY	`StockholdersEquity`	$319.65K	USD	Point-in-time
TOTAL COMPANY STOCKHOLDERS EQUITY	`StockholdersEquity`	$5.77M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-241.94K	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.88M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$77.71K	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$3.90M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$4.91M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$175.14K	USD	Annual
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.41M	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$146.38K	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$81.14K	USD	Annual
Gross income	`GrossProfit`	$1.27M	USD	Annual
Gross income	`GrossProfit`	$94.00K	USD	Annual
Selling	`SellingExpense`	$438.62K	USD	Annual
Selling	`SellingExpense`	$568.03K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.62M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$3.54M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$851.84K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.11M	USD	Annual
Total operating expenses	`OperatingExpenses`	$3.17M	USD	Annual
Total operating expenses	`OperatingExpenses`	$4.96M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-4.86M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.91M	USD	Annual
Other expenses	`OtherNonoperatingIncomeExpense`	$-25.55K	USD	Annual
Other expenses	`OtherNonoperatingIncomeExpense`	$-2.50K	USD	Annual
Interest income	`InterestAndDividendIncomeOperating`	$49.45K	USD	Annual
Interest income	`InterestAndDividendIncomeOperating`	$2.52K	USD	Annual
Total non-operating income (expenses), net	`NonoperatingIncomeExpense`	$-23.03K	USD	Annual
Total non-operating income (expenses), net	`NonoperatingIncomeExpense`	$46.96K	USD	Annual
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.88M	USD	Annual
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.86M	USD	Annual
Income tax	`IncomeTaxExpenseBenefit`	$5.16K	USD	Annual
Income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Loss before noncontrolling interest	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.86M	USD	Annual
Loss before noncontrolling interest	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-4.88M	USD	Annual
Less: loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-235.84K	USD	Annual
Less: loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Net loss to the Company	`NetIncomeLoss`	$-1.86M	USD	Annual
Net loss to the Company	`NetIncomeLoss`	$-4.65M	USD	Annual
Foreign currency translation gain (loss) attributable to the Company	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-103.04K	USD	Annual
Foreign currency translation gain (loss) attributable to the Company	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$19.70K	USD	Annual
Foreign currency translation loss attributable to noncontrolling interest	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest`	-	USD	Annual
Foreign currency translation loss attributable to noncontrolling interest	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest`	$-6.10K	USD	Annual
Comprehensive loss attributable to the Company	`ComprehensiveIncomeNetOfTax`	$-1.88M	USD	Annual
Comprehensive loss attributable to the Company	`ComprehensiveIncomeNetOfTax`	$-4.55M	USD	Annual
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	Annual
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-241.94K	USD	Annual
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	Annual
Basic and diluted net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	Annual
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.28M	shares	Annual
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.94M	shares	Annual

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Loss including noncontrolling interest	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-1.86M	USD	Annual
Loss including noncontrolling interest	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-4.88M	USD	Annual
Loss on disposal on fixed assets	`GainLossOnDispositionOfAssets1`	$-9.70K	USD	Annual
Loss on disposal on fixed assets	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$110.32K	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$199.23K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$277.64K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Inventory impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$10.84K	USD	Annual
Inventory impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$44.24K	USD	Annual
Operating lease expense	`OperatingLeaseExpense`	$809.63K	USD	Annual
Operating lease expense	`OperatingLeaseExpense`	$204.86K	USD	Annual
Stock compensation expense	`DeferredCompensationArrangementWithIndividualCompensationExpense`	$21.00K	USD	Annual
Stock compensation expense	`DeferredCompensationArrangementWithIndividualCompensationExpense`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.13K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$613.00	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-33.17K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$78.64K	USD	Annual
Value-added tax prepayment	`IncreaseDecreaseInValueaddedTaxPrepayment`	$92.71K	USD	Annual
Value-added tax prepayment	`IncreaseDecreaseInValueaddedTaxPrepayment`	$70.37K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$1.46M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$66.98K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$122.64K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$34.57K	USD	Annual
Advance from customers	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.27M	USD	Annual
Unearned revenue	`IncreaseDecreaseInUnearnedPremiums`	$165.46K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$42.17K	USD	Annual
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$222.81K	USD	Annual
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$24.77K	USD	Annual
Payment on operating lease liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-818.01K	USD	Annual
Payment on operating lease liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-249.56K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.57M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.95M	USD	Annual
Acquisition of property and equipment	`PaymentsToAcquireMachineryAndEquipment`	$142.54K	USD	Annual
Acquisition of property and equipment	`PaymentsToAcquireMachineryAndEquipment`	$295.47K	USD	Annual
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$26.15K	USD	Annual
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$11.35K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-306.81K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-168.69K	USD	Annual
Repayment of loan payable - shareholder	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-84.84K	USD	Annual
Repayment of loan payable - shareholder	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Annual
Due to related parties	`ProceedFromDueToRelatedParties`	$68.54K	USD	Annual
Due to related parties	`ProceedFromDueToRelatedParties`	-	USD	Annual
Loans payable	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Loans payable	`ProceedsFromRelatedPartyDebt`	$1.45M	USD	Annual
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$5.70M	USD	Point-in-time
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$931.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-84.84K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.45M	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$51.93K	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-41.69K	USD	Annual
Net decrease in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.01M	USD	Annual
Net decrease in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.62M	USD	Annual
Cash and restricted cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.67M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.67M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.68K	USD	Point-in-time
Cash and restricted cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.67M	USD	Point-in-time
Cash and restricted cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.67M	USD	Point-in-time
Cash and restricted cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.68K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for income tax	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income tax	`IncomeTaxesPaid`	$5.16K	USD	Annual
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightofuseAssetsObtainedInExchangeForNewOperatingLeaseLiabilities`	$1.30M	USD	Annual
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightofuseAssetsObtainedInExchangeForNewOperatingLeaseLiabilities`	$872.80K	USD	Annual
Transfer of prepaid software development expenditure to intangible assets	`TransferOfPrepaidSoftwareDevelopmentExpenditureToIntangibleAssets`	$1.10M	USD	Annual
Transfer of prepaid software development expenditure to intangible assets	`TransferOfPrepaidSoftwareDevelopmentExpenditureToIntangibleAssets`	-	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$3.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$319.65K	USD	Point-in-time
Balance	`StockholdersEquity`	$5.77M	USD	Point-in-time
Net loss	`ProfitLoss`	$-1.86M	USD	Annual
Net loss	`ProfitLoss`	$-4.65M	USD	Annual
Issuance of common stock for equity financing	`StockIssuedDuringPeriodValueNewIssues`	$931.00K	USD	Annual
Issuance of common stock for equity financing (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	520,000.00	shares	Point-in-time
Issuance of common stock for subscription agreement entered in prior period	`StockIssuedDuringPeriodValueIssuanceOfCommonStockForSubscriptionAgreementEnteredInPriorPeriod`	$30.65K	USD	Annual
Shares issued for stock compensation expense	`StockIssuedDuringPeriodValueIssuedForServices`	$21.00K	USD	Annual
Foreign currency translation gain (loss)	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$103.04K	USD	Annual
Foreign currency translation gain (loss)	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-19.70K	USD	Annual
Balance	`StockholdersEquity`	$3.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$319.65K	USD	Point-in-time
Balance	`StockholdersEquity`	$5.77M	USD	Point-in-time

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