10-K Filing

MYSEUM, INC. CIK: 1648960 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001213900-22-015861`
Period End Date	20211231
Filing Date	20220329
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	f10k2021_datchatinc_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 29 Cash Flow Statement 60 Stockholders Equity 19

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$690.42K	USD	Point-in-time
Cash	`Cash`	$20.20M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$278.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$25.26K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$376.97K	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
Total Current Assets	`AssetsCurrent`	$715.68K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$20.58M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$53.72K	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$184.31K	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$28.63K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$28.63K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$238.03K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Total Assets	`Assets`	$744.32K	USD	Point-in-time
Total Assets	`Assets`	$20.82M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.60M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.73M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.73M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$119.62K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$517.04K	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, current portion	`NotesPayableCurrent`	$4.04K	USD	Point-in-time
Note payable, current portion	`NotesPayableCurrent`	-	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrent`	$7.50K	USD	Point-in-time
Operating lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$53.90K	USD	Point-in-time
Operating lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$28.63K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	-	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$8.85K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$194.00	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$203.00	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$159.99K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$579.99K	USD	Point-in-time
Note payable, less current	`LongTermNotesPayable`	-	USD	Point-in-time
Note payable, less current	`LongTermNotesPayable`	$2.00K	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$151.01K	USD	Point-in-time
Total long-term liabilities:	`LiabilitiesNoncurrent`	$151.01K	USD	Point-in-time
Total long-term liabilities:	`LiabilitiesNoncurrent`	$2.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$731.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$161.99K	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 December 31, 2021 and 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 December 31, 2021 and 2020)	`PreferredStockValue`	-	USD	Point-in-time
Common stock ($0.0001 par value; 180,000,000 shares authorized; 19,597,419 and 12,727,820 shares issued and outstanding at December 31, 2021 and 2020, respectively)	`CommonStockValue`	$1.96K	USD	Point-in-time
Common stock ($0.0001 par value; 180,000,000 shares authorized; 19,597,419 and 12,727,820 shares issued and outstanding at December 31, 2021 and 2020, respectively)	`CommonStockValue`	$1.27K	USD	Point-in-time
Common stock to be issued 1,389 and 52,782 shares, at December 31, 2021 and 2020, respectively)	`CommonStockvalueone`	-	USD	Point-in-time
Common stock to be issued 1,389 and 52,782 shares, at December 31, 2021 and 2020, respectively)	`CommonStockvalueone`	$5.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$47.67M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.76M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$582.33K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$20.08M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$-339.88K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$744.32K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$20.82M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
NET REVENUES	`Revenues`	$4.45K	USD	Annual
NET REVENUES	`Revenues`	-	USD	Annual
Compensation and related expenses	`CompensationAndRelatedExpenses`	$494.00K	USD	Annual
Compensation and related expenses	`CompensationAndRelatedExpenses`	$2.96M	USD	Annual
Marketing and advertising expenses	`MarketingAndAdvertisingExpense`	$5.09M	USD	Annual
Marketing and advertising expenses	`MarketingAndAdvertisingExpense`	$220.88K	USD	Annual
Professional and consulting expenses	`ProfessionalAndConsultingExpenses`	$263.25K	USD	Annual
Professional and consulting expenses	`ProfessionalAndConsultingExpenses`	$2.10M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$106.30K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$688.62K	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$10.84M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$1.08M	USD	Annual
Interest expense	`InterestExpense`	$127.00	USD	Annual
Interest expense	`InterestExpense`	$45.50K	USD	Annual
Gain from extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain from extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$143.35K	USD	Annual
Gain from forgiveness of debt	`GainLossOnDerivativeInstrumentsNetPretax`	$6.13K	USD	Annual
Other income	`OtherIncome`	$7.00K	USD	Annual
Other income	`OtherIncome`	-	USD	Annual
Interest income	`InvestmentIncomeInterest`	$107.00	USD	Annual
Interest income	`InvestmentIncomeInterest`	$3.52K	USD	Annual
Total other income, net	`NonoperatingIncomeExpense`	$104.96K	USD	Annual
Total other income, net	`NonoperatingIncomeExpense`	$9.52K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-979.47K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-10.83M	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.71	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.33M	shares	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.25M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-979.47K	USD	Annual
Net loss	`NetIncomeLoss`	$-10.83M	USD	Annual
Amortization of ROU asset	`AmortizationOfIntangibleAssets`	$23.95K	USD	Annual
Amortization of ROU asset	`AmortizationOfIntangibleAssets`	$43.22K	USD	Annual
Depreciation	`Depreciation`	$2.32K	USD	Annual
Depreciation	`Depreciation`	-	USD	Annual
Gain from extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain from extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$143.35K	USD	Annual
Gain from forgiveness of debt	`GainsLossesOnRestructuringOfDebt`	$6.13K	USD	Annual
Gain from forgiveness of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.30M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$20.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$278.00	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$19.26K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$351.71K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$397.50K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$26.51K	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$8.85K	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	-	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-23.95K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-22.62K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-1.10M	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-8.45M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.04K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-56.04K	USD	Annual
Advances from a related party	`ProceedsFromRelatedPartyDebt`	$177.62K	USD	Annual
Advances from a related party	`ProceedsFromRelatedPartyDebt`	$265.62K	USD	Annual
Payments on related party advances	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-177.62K	USD	Annual
Payments on related party advances	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-279.11K	USD	Annual
Repayment of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$7.50K	USD	Annual
Repayment of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$9.00K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$6.04K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	Annual
Repayment of convertible notes payable	`RepaymentsOfNotesPayable`	$150.00K	USD	Annual
Repayment of convertible notes payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Proceeds from exercise of Series A warrants	`ProceedsFromIssuanceOfWarrants`	$14.36M	USD	Annual
Proceeds from exercise of Series A warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	Annual
Net proceeds from sale of common stock and common stock to be issued, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$13.67M	USD	Annual
Net proceeds from sale of common stock and common stock to be issued, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$1.88M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$1.72M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$28.02M	USD	Annual
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$619.65K	USD	Annual
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$19.51M	USD	Annual
CASH - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.20M	USD	Point-in-time
CASH - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$70.77K	USD	Point-in-time
CASH - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$690.42K	USD	Point-in-time
CASH - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.20M	USD	Point-in-time
CASH - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$70.77K	USD	Point-in-time
CASH - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$690.42K	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	Annual
Interest	`InterestPaidNet`	$1.50K	USD	Annual
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Advance deposit applied towards repayment of convertible note payable pursuant to the Securities Purchase Agreement	`StockIssued1`	$100.00K	USD	Annual
Advance deposit applied towards repayment of convertible note payable pursuant to the Securities Purchase Agreement	`StockIssued1`	-	USD	Annual
Common stock issued for future services	`CommonStockIssuedForFutureServices`	$50.00K	USD	Annual
Common stock issued for future services	`CommonStockIssuedForFutureServices`	-	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance,	`StockholdersEquity`	$582.33K	USD	Point-in-time
Balance,	`StockholdersEquity`	$20.08M	USD	Point-in-time
Balance,	`StockholdersEquity`	$-339.88K	USD	Point-in-time
Sale of common stock, net of offering costs	`StockIssuedDuringPeriodValueOther`	$1.88M	USD	Annual
Sale of common stock, net of offering costs	`StockIssuedDuringPeriodValueOther`	$13.67M	USD	Annual
Common stock issued for common stock issuable	`StockIssuedDuringPeriodValueNewIssues`	-	USD	Annual
Common stock issued for exercise of Series A warrants	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$14.36M	USD	Annual
Stock based compensation in connection with stock option grants	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.53M	USD	Annual
Accretion of stock-based compensation for services	`StockIssuedDuringPeriodValueShareBasedCompensation`	$350.00K	USD	Annual
Fractional shares due to reverse split	`FractionalSharesDueToReverseSplit`	-	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$420.00K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$20.00K	USD	Annual
Common stock issued for cashless exercise of stock warrants	`CommonStockIssuedForCashlessExerciseOfStockWarrants`	-	USD	Annual
Cancellation of repurchase common stock	`StockRepurchasedDuringPeriodValue`	-	USD	Annual
Net loss for the year ended December 31	`NetIncomeLoss`	$-979.47K	USD	Annual
Net loss for the year ended December 31	`NetIncomeLoss`	$-10.83M	USD	Annual
Balance,	`StockholdersEquity`	$582.33K	USD	Point-in-time
Balance,	`StockholdersEquity`	$20.08M	USD	Point-in-time
Balance,	`StockholdersEquity`	$-339.88K	USD	Point-in-time

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