10-Q Filing

MYSEUM, INC. CIK: 1648960 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-058750`
Period End Date	20210930
Filing Date	20211112
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	f10q0921_datchatinc_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 52 Cash Flow Statement 52 Stockholders Equity 35

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$25.82M	USD	Point-in-time
Cash	`Cash`	$690.42K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$225.91K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$25.26K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$26.04M	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
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$7.64K	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`	$28.63K	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
Total Assets	`Assets`	$26.05M	USD	Point-in-time
Total Assets	`Assets`	$744.32K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$119.62K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$265.54K	USD	Point-in-time
Note payable, current portion	`NotesPayableCurrent`	$6.04K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Note payable, current portion	`NotesPayableCurrent`	$4.04K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrent`	$7.50K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.57M	shares	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$28.63K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.73M	shares	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$7.64K	USD	Point-in-time
Common stock, share outstanding	`CommonStockSharesOutstanding`	19.57M	shares	Point-in-time
Common stock, share outstanding	`CommonStockSharesOutstanding`	12.73M	shares	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$532.00	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`	$279.76K	USD	Point-in-time
Common stock to be issued	`CommonStockToBeIssued`	1,389.00	shares	Point-in-time
Common stock to be issued	`CommonStockToBeIssued`	52,782.00	shares	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`	$2.00K	USD	Point-in-time
Total long-term liabilities:	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$161.99K	USD	Point-in-time
Total Liabilities	`Liabilities`	$279.76K	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 September 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 September 30, 2021 and December 31, 2020)	`PreferredStockValue`	-	USD	Point-in-time
Common stock ($0.0001 par value; 180,000,000 shares authorized; 19,568,833 and 12,727,820 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively)	`CommonStockValue`	$1.96K	USD	Point-in-time
Common stock ($0.0001 par value; 180,000,000 shares authorized; 19,568,833 and 12,727,820 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively)	`CommonStockValue`	$1.27K	USD	Point-in-time
Common stock to be issued 1,389 and 52,782 shares, at September 30, 2021 and December 31, 2020, respectively)	`CommonStockvalueone`	$5.00	USD	Point-in-time
Common stock to be issued 1,389 and 52,782 shares, at September 30, 2021 and December 31, 2020, respectively)	`CommonStockvalueone`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$46.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.34M	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$234.54K	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.76M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-126.67K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$25.77M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$582.33K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$269.24K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-266.04K	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`	$1.10M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$744.32K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$26.05M	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	1 Quarter
NET REVENUES	`Revenues`	-	USD	3 Qtrs
NET REVENUES	`Revenues`	-	USD	3 Qtrs
Compensation and related expenses	`CompensationAndRelatedExpenses`	$640.83K	USD	1 Quarter
Compensation and related expenses	`CompensationAndRelatedExpenses`	$149.07K	USD	1 Quarter
Compensation and related expenses	`CompensationAndRelatedExpenses`	$1.14M	USD	3 Qtrs
Compensation and related expenses	`CompensationAndRelatedExpenses`	$330.87K	USD	3 Qtrs
Marketing and advertising expenses	`MarketingAndAdvertisingExpense`	$63.97K	USD	1 Quarter
Marketing and advertising expenses	`MarketingAndAdvertisingExpense`	$286.87K	USD	1 Quarter
Marketing and advertising expenses	`MarketingAndAdvertisingExpense`	$146.79K	USD	3 Qtrs
Marketing and advertising expenses	`MarketingAndAdvertisingExpense`	$439.30K	USD	3 Qtrs
Professional and consulting expenses	`ProfessionalAndConsultingExpenses`	$1.44M	USD	3 Qtrs
Professional and consulting expenses	`ProfessionalAndConsultingExpenses`	$605.63K	USD	1 Quarter
Professional and consulting expenses	`ProfessionalAndConsultingExpenses`	$78.73K	USD	1 Quarter
Professional and consulting expenses	`ProfessionalAndConsultingExpenses`	$162.32K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$318.01K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$470.47K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$24.01K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$67.93K	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$315.77K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$3.49M	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$1.85M	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$707.92K	USD	3 Qtrs
Interest expense	`InterestExpense`	$127.00	USD	3 Qtrs
Interest expense	`InterestExpense`	$42.45K	USD	3 Qtrs
Interest expense	`InterestExpense`	$15.00	USD	1 Quarter
Interest expense	`InterestExpense`	$14.11K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	$7.00K	USD	3 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	-	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$38.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$30.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.27K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$974.00	USD	1 Quarter
Total other income (expense), net	`InterestIncomeExpenseNet`	$-35.42K	USD	3 Qtrs
Total other income (expense), net	`InterestIncomeExpenseNet`	$-14.08K	USD	1 Quarter
Total other income (expense), net	`InterestIncomeExpenseNet`	$1.14K	USD	3 Qtrs
Total other income (expense), net	`InterestIncomeExpenseNet`	$959.00	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-743.33K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-3.49M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-329.84K	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.25	USD	3 Qtrs
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	3 Qtrs
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.90M	shares	3 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.33M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.36M	shares	3 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.49M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-743.33K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.49M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-329.84K	USD	1 Quarter
Amortization of ROU asset	`AmortizationOfIntangibleAssets`	$20.99K	USD	3 Qtrs
Amortization of ROU asset	`AmortizationOfIntangibleAssets`	$17.55K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.03M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$6.67K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-6.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$200.65K	USD	3 Qtrs
Advance deposits	`IncreaseDecreaseInOtherOperatingLiabilities`	$-50.00K	USD	3 Qtrs
Advance deposits	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.17K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$145.91K	USD	3 Qtrs
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-17.55K	USD	3 Qtrs
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-20.99K	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-2.52M	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-772.49K	USD	3 Qtrs
Advances from a related party	`ProceedsFromRelatedPartyDebt`	$173.85K	USD	3 Qtrs
Advances from a related party	`ProceedsFromRelatedPartyDebt`	$161.57K	USD	3 Qtrs
Payments on related party advances	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-161.23K	USD	3 Qtrs
Payments on related party advances	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-192.44K	USD	3 Qtrs
Repayment of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$7.50K	USD	3 Qtrs
Repayment of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$6.04K	USD	3 Qtrs
Repayment of convertible notes payable	`RepaymentsOfNotesPayable`	$6.00K	USD	3 Qtrs
Repayment of convertible notes payable	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Proceeds from exercise of Series A warrants	`ProceedsFromIssuanceOfWarrants`	$13.98M	USD	3 Qtrs
Proceeds from exercise of Series A warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	3 Qtrs
Net proceeds from sale of common stock and common stock to be issued, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$13.67M	USD	3 Qtrs
Net proceeds from sale of common stock and common stock to be issued, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$1.33M	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$1.31M	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$27.64M	USD	3 Qtrs
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$25.13M	USD	3 Qtrs
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$541.42K	USD	3 Qtrs
CASH - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$690.42K	USD	Point-in-time
CASH - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$70.77K	USD	Point-in-time
CASH - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.82M	USD	Point-in-time
CASH - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$612.19K	USD	Point-in-time
CASH - end of period	`CashAndCashEquivalentsAtCarryingValue`	$690.42K	USD	Point-in-time
CASH - end of period	`CashAndCashEquivalentsAtCarryingValue`	$70.77K	USD	Point-in-time
CASH - end of period	`CashAndCashEquivalentsAtCarryingValue`	$25.82M	USD	Point-in-time
CASH - end of period	`CashAndCashEquivalentsAtCarryingValue`	$612.19K	USD	Point-in-time
Interest	`InterestPaidNet`	$1.50K	USD	3 Qtrs
Interest	`InterestPaidNet`	-	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Common stock issued for future services	`CommonStockIssuedForFutureServices`	$250.00K	USD	3 Qtrs
Common stock issued for future services	`CommonStockIssuedForFutureServices`	$13.33K	USD	3 Qtrs
Subscription receivable from exercise of Series A warrants	`StockIssued1`	$234.54K	USD	3 Qtrs
Subscription receivable from exercise of Series A warrants	`StockIssued1`	-	USD	3 Qtrs

Stockholders Equity 35 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-126.67K	USD	Point-in-time
Balance	`StockholdersEquity`	$25.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$582.33K	USD	Point-in-time
Balance	`StockholdersEquity`	$269.24K	USD	Point-in-time
Balance	`StockholdersEquity`	$-266.04K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$-339.88K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.10M	USD	Point-in-time
Sale of common stock, net of offering costs	`StockIssuedDuringPeriodValueOther`	$-3.73K	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`	$324.90K	USD	1 Quarter
Sale of common stock, net of offering costs	`StockIssuedDuringPeriodValueOther`	$725.76K	USD	1 Quarter
Sale of common stock, net of offering costs	`StockIssuedDuringPeriodValueOther`	$12.08M	USD	1 Quarter
Sale of common stock, net of offering costs	`StockIssuedDuringPeriodValueOther`	$281.80K	USD	1 Quarter
Common stock issued for exercise of Series A warrants	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$13.98M	USD	1 Quarter
Stock based compensation in connection with stock option grants	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$359.61K	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
Accretion of stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$100.00K	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`	$-1.85M	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
Net loss for the period	`ProfitLoss`	$-205.53K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-329.84K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-207.96K	USD	1 Quarter
Balance	`StockholdersEquity`	$-126.67K	USD	Point-in-time
Balance	`StockholdersEquity`	$25.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$582.33K	USD	Point-in-time
Balance	`StockholdersEquity`	$269.24K	USD	Point-in-time
Balance	`StockholdersEquity`	$-266.04K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$-339.88K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.10M	USD	Point-in-time

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