10-Q Filing

MYSEUM, INC. CIK: 1648960 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-027079`
Period End Date	20220331
Filing Date	20220516
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	f10q0322_datchatinc_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 25 Cash Flow Statement 49 Stockholders Equity 15

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`Cash`	$17.74M	USD	Point-in-time
Cash and cash equivalents	`Cash`	$20.20M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$278.00	USD	Point-in-time
Digital currencies and other digital assets	`OtherAssetsCurrent`	$105.25K	USD	Point-in-time
Prepaid expenses	`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
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$201.00K	USD	Point-in-time
Preferred stock, share authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$20.58M	USD	Point-in-time
Preferred stock, share authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$18.05M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$53.72K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$72.28K	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$184.31K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$172.74K	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
Total Other Assets	`AssetsNoncurrent`	$238.03K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$245.03K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Total Assets	`Assets`	$20.82M	USD	Point-in-time
Total Assets	`Assets`	$18.29M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.60M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.60M	shares	Point-in-time
Common stock to be issued	`CommonStockToBeIssued`	1,675.00	shares	Point-in-time
Common stock to be issued	`CommonStockToBeIssued`	1,389.00	shares	Point-in-time
Common stock to be issued	`CommonStockToBeIssued`	1,389.00	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$350.04K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$517.04K	USD	Point-in-time
Operating lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$53.90K	USD	Point-in-time
Operating lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$57.01K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$8.07K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$8.85K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$203.00	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$415.12K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$579.99K	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$151.01K	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$135.46K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$151.01K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$135.46K	USD	Point-in-time
Total Liabilities	`Liabilities`	$550.59K	USD	Point-in-time
Total Liabilities	`Liabilities`	$731.00K	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 March 31, 2022 and December 31, 2021)	`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 March 31, 2022 and December 31, 2021)	`PreferredStockValue`	-	USD	Point-in-time
Common stock ($0.0001 par value; 180,000,000 shares authorized; 19,597,419 shares issued and outstanding at March 31, 2022 and December 31, 2021)	`CommonStockValue`	$1.96K	USD	Point-in-time
Common stock ($0.0001 par value; 180,000,000 shares authorized; 19,597,419 shares issued and outstanding at March 31, 2022 and December 31, 2021)	`CommonStockValue`	$1.96K	USD	Point-in-time
Common stock to be issued (1,389 shares at March 31, 2022 and December 31, 2021)	`CommonStockvalueone`	-	USD	Point-in-time
Common stock to be issued (1,389 shares at March 31, 2022 and December 31, 2021)	`CommonStockvalueone`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$47.67M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$48.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-30.96M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.65M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$20.08M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$582.33K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$17.74M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$20.82M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$18.29M	USD	Point-in-time

Income Statement 25 line items

Line Item	Tag	Value	Unit	Period
NET REVENUES	`Revenues`	$809.00	USD	1 Quarter
NET REVENUES	`Revenues`	-	USD	1 Quarter
Compensation and related expenses	`CompensationAndRelatedExpenses`	$1.67M	USD	1 Quarter
Compensation and related expenses	`CompensationAndRelatedExpenses`	$279.13K	USD	1 Quarter
Marketing and advertising expenses	`MarketingAndAdvertisingExpense`	$48.95K	USD	1 Quarter
Marketing and advertising expenses	`MarketingAndAdvertisingExpense`	$438.24K	USD	1 Quarter
Professional and consulting expenses	`ProfessionalAndConsultingExpenses`	$604.04K	USD	1 Quarter
Professional and consulting expenses	`ProfessionalAndConsultingExpenses`	$1.01M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$241.63K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$64.69K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$996.81K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$3.37M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-996.81K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-3.37M	USD	1 Quarter
Interest expense	`InterestExpense`	$97.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.63K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$134.00	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$37.00	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$1.63K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-996.77K	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	$-0.17	USD	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.96M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.60M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-996.77K	USD	1 Quarter
Depreciation	`Depreciation`	$3.54K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Amortization of ROU asset	`AmortizationOfIntangibleAssets`	$11.57K	USD	1 Quarter
Amortization of ROU asset	`AmortizationOfIntangibleAssets`	$6.69K	USD	1 Quarter
Stock-based compensation and professional fees	`ShareBasedCompensation`	$1.02M	USD	1 Quarter
Stock-based compensation and professional fees	`ShareBasedCompensation`	$470.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-278.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-175.97K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$143.81K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-68.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.35K	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-781.00	USD	1 Quarter
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-12.43K	USD	1 Quarter
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-6.69K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-650.23K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-2.23M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.10K	USD	1 Quarter
Purchase of digital currencies and other digital assets	`PaymentsToAcquireIntangibleAssets`	$204.25K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-226.35K	USD	1 Quarter
Advances from related party	`ProceedsFromRelatedPartyDebt`	$95.14K	USD	1 Quarter
Payments on related party advances	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-92.71K	USD	1 Quarter
Payments on related party advances	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-203.00	USD	1 Quarter
Repayment of notes payable - related party	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Repayment of notes payable - related party	`RepaymentsOfNotesPayable`	$7.50K	USD	1 Quarter
Net proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.59M	USD	1 Quarter
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-203.00	USD	1 Quarter
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$1.59M	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.46M	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$937.68K	USD	1 Quarter
CASH AND CASH EQUIVALENTS - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$690.42K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.74M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.63M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$690.42K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.74M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.63M	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	1 Quarter
Interest	`InterestPaidNet`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Intangible assets used to pay accounts payable	`StockIssued1`	-	USD	1 Quarter
Intangible assets used to pay accounts payable	`StockIssued1`	$99.00K	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance,	`StockholdersEquity`	$1.65M	USD	Point-in-time
Balance,	`StockholdersEquity`	$20.08M	USD	Point-in-time
Balance,	`StockholdersEquity`	$582.33K	USD	Point-in-time
Balance,	`StockholdersEquity`	$17.74M	USD	Point-in-time
Sale of common stock, net of offering costs	`StockIssuedDuringPeriodValueOther`	$1.59M	USD	1 Quarter
Common stock issued for common stock issuable	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Common stock issued for services	`FractionalSharesDueToReverseSplit`	$470.00K	USD	1 Quarter
Accretion of stock based compensation in connection with stock option grants	`StockIssuedDuringPeriodValueShareBasedCompensation`	$822.58K	USD	1 Quarter
Accretion of stock-based professional fees in connection with stock option grants and shares	`StockGrantedDuringPeriodValueSharebasedCompensationForfeited`	$202.28K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-996.77K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-3.37M	USD	1 Quarter
Balance	`StockholdersEquity`	$1.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$582.33K	USD	Point-in-time
Balance	`StockholdersEquity`	$17.74M	USD	Point-in-time

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