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10-Q Filing

DATASEA INC. CIK: 1631282 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0001213900-22-071986
Period End Date 20220930
Filing Date 20221114
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance f10q0922_datasea_htm.xml
Filing Contents
Balance Sheet 71 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
Common stock, shares authorized CommonStockSharesAuthorized 375.00M shares Point-in-time
Cash Cash $93.07K USD Point-in-time
Cash Cash $164.22K USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $155.28K USD Point-in-time
Common stock, issued CommonStockSharesIssued 24.32M shares Point-in-time
Common stock, issued CommonStockSharesIssued 24.32M shares Point-in-time
Accounts receivable AccountsReceivableNetCurrent $259.41K USD Point-in-time
Common stock, outstanding CommonStockSharesOutstanding 24.32M shares Point-in-time
Inventory InventoryNet $211.35K USD Point-in-time
Common stock, outstanding CommonStockSharesOutstanding 24.32M shares Point-in-time
Inventory InventoryNet $194.88K USD Point-in-time
Value-added tax prepayment ValueaddedTaxPrepayment $51.82K USD Point-in-time
Value-added tax prepayment ValueaddedTaxPrepayment $46.51K USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $483.98K USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $575.31K USD Point-in-time
Total current assets AssetsCurrent $1.26M USD Point-in-time
Total current assets AssetsCurrent $979.03K USD Point-in-time
Security deposit for rents DepositsAssetsNoncurrent $17.18K USD Point-in-time
Long term investment LongTermInvestments $56.34K USD Point-in-time
Long term investment LongTermInvestments $29.80K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $187.83K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $138.64K USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $1.74M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $1.61M USD Point-in-time
Right-of-use assets, net OperatingLeaseRightOfUseAsset $522.27K USD Point-in-time
Right-of-use assets, net OperatingLeaseRightOfUseAsset $305.15K USD Point-in-time
Total noncurrent assets AssetsNoncurrent $2.50M USD Point-in-time
Total noncurrent assets AssetsNoncurrent $2.11M USD Point-in-time
TOTAL ASSETS Assets $3.09M USD Point-in-time
TOTAL ASSETS Assets $3.76M USD Point-in-time
Accounts payable AccruedLiabilitiesCurrent $197.57K USD Point-in-time
Accounts payable AccruedLiabilitiesCurrent $296.79K USD Point-in-time
Unearned revenue DeferredRevenueCurrent $136.85K USD Point-in-time
Unearned revenue DeferredRevenueCurrent $289.89K USD Point-in-time
Accrued expenses and other payables AccountsPayableAndOtherAccruedLiabilitiesCurrent $1.11M USD Point-in-time
Accrued expenses and other payables AccountsPayableAndOtherAccruedLiabilitiesCurrent $994.88K USD Point-in-time
Due to related party DueToRelatedPartiesCurrent $68.90K USD Point-in-time
Due to related party DueToRelatedPartiesCurrent $102.33K USD Point-in-time
Loans payable LoansPayableCurrent $866.64K USD Point-in-time
Loans payable LoansPayableCurrent $81.95K USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $320.83K USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $457.95K USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.80M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.12M USD Point-in-time
Operating lease liabilities OperatingLesaeLiabilitiesNonCurrent $31.47K USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $31.47K USD Point-in-time
TOTAL LIABILITIES Liabilities $2.80M USD Point-in-time
TOTAL LIABILITIES Liabilities $2.16M 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, 24,324,633 shares issued and outstanding as of September 30, 2022 and June 30, 2022 , respectively CommonStockValue $24.32K USD Point-in-time
Common stock, $0.001 par value, 375,000,000 shares authorized, 24,324,633 shares issued and outstanding as of September 30, 2022 and June 30, 2022 , respectively CommonStockValue $24.32K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $20.73M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $20.85M USD Point-in-time
Accumulated comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $283.59K USD Point-in-time
Accumulated comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $295.93K USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-19.92M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-18.58M USD Point-in-time
TOTAL COMPANY STOCKHOLDERS EQUITY StockholdersEquity $2.45M USD Point-in-time
TOTAL COMPANY STOCKHOLDERS EQUITY StockholdersEquity $1.25M USD Point-in-time
TOTAL COMPANY STOCKHOLDERS EQUITY StockholdersEquity $6.72M USD Point-in-time
TOTAL COMPANY STOCKHOLDERS EQUITY StockholdersEquity $319.65K USD Point-in-time
Noncontrolling interest MinorityInterest $-854.27K USD Point-in-time
Noncontrolling interest MinorityInterest $-954.59K USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.60M USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $290.58K USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $3.09M USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $3.76M USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
Revenues RevenueFromContractWithCustomerIncludingAssessedTax $671.13K USD 1 Quarter
Diluted net loss per share EarningsPerShareDiluted $-0.05 USD 1 Quarter
Diluted net loss per share EarningsPerShareDiluted $-0.06 USD 1 Quarter
Revenues RevenueFromContractWithCustomerIncludingAssessedTax $1.16M USD 1 Quarter
Weighted average shares used for computing diluted loss per share WeightedAverageNumberOfDilutedSharesOutstanding 24.32M shares 1 Quarter
Weighted average shares used for computing diluted loss per share WeightedAverageNumberOfDilutedSharesOutstanding 23.36M shares 1 Quarter
Cost of goods sold CostOfRevenue $607.53K USD 1 Quarter
Cost of goods sold CostOfRevenue $1.01M USD 1 Quarter
Gross profit GrossProfit $150.20K USD 1 Quarter
Gross profit GrossProfit $63.59K USD 1 Quarter
Selling SellingExpense $293.06K USD 1 Quarter
Selling SellingExpense $230.80K USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $1.05M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $1.12M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $263.33K USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $287.22K USD 1 Quarter
Total operating expenses OperatingExpenses $1.61M USD 1 Quarter
Total operating expenses OperatingExpenses $1.64M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-1.46M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-1.57M USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $22.61K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $23.00 USD 1 Quarter
Interest income InterestAndDividendIncomeOperating $99.00 USD 1 Quarter
Interest income InterestAndDividendIncomeOperating $20.53K USD 1 Quarter
Total non-operating income, net NonoperatingIncomeExpense $20.56K USD 1 Quarter
Total non-operating income, net NonoperatingIncomeExpense $22.70K USD 1 Quarter
Loss before income tax IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-1.43M USD 1 Quarter
Loss before income tax IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-1.55M USD 1 Quarter
Income tax IncomeTaxExpenseBenefit $8.00 USD 1 Quarter
Income tax IncomeTaxExpenseBenefit - USD 1 Quarter
Loss before noncontrolling interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $-1.43M USD 1 Quarter
Loss before noncontrolling interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $-1.55M USD 1 Quarter
Less: loss attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-112.10K USD 1 Quarter
Less: loss attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-96.62K USD 1 Quarter
Net loss to the Company NetIncomeLoss $-1.44M USD 1 Quarter
Net loss to the Company NetIncomeLoss $-1.34M USD 1 Quarter
Foreign currency translation gain (loss) attributable to the Company OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax $4.70K USD 1 Quarter
Foreign currency translation gain (loss) attributable to the Company OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax $-12.34K USD 1 Quarter
Foreign currency translation loss attributable to noncontrolling interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest $-3.69K USD 1 Quarter
Foreign currency translation loss attributable to noncontrolling interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest $-254.00 USD 1 Quarter
Comprehensive loss attributable to the Company ComprehensiveIncomeNetOfTax $-1.32M USD 1 Quarter
Comprehensive loss attributable to the Company ComprehensiveIncomeNetOfTax $-1.45M USD 1 Quarter
Comprehensive loss attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-100.31K USD 1 Quarter
Comprehensive loss attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-112.35K USD 1 Quarter
Basic and diluted net loss per share (in Dollars per share) EarningsPerShareBasic $-0.05 USD 1 Quarter
Basic and diluted net loss per share (in Dollars per share) EarningsPerShareBasic $-0.06 USD 1 Quarter
Weighted average shares used for computing basic and diluted loss per share (in Shares) WeightedAverageNumberOfSharesOutstandingBasic 24.32M shares 1 Quarter
Weighted average shares used for computing basic and diluted loss per share (in Shares) WeightedAverageNumberOfSharesOutstandingBasic 23.36M shares 1 Quarter
Cash Flow Statement 59 line items
Line Item Tag Value Unit Period
Loss including noncontrolling interest ProfitLoss $-1.55M USD 1 Quarter
Loss including noncontrolling interest ProfitLoss $-1.43M USD 1 Quarter
Loss on disposal of fixed assets GainLossOnDispositionOfAssets1 $-457.00 USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $92.02K USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $189.76K USD 1 Quarter
Operating lease expense OperatingLeaseExpense $218.83K USD 1 Quarter
Operating lease expense OperatingLeaseExpense $203.11K USD 1 Quarter
Stock compensation expense DeferredCompensationArrangementWithIndividualCompensationExpense $116.25K USD 1 Quarter
Stock compensation expense DeferredCompensationArrangementWithIndividualCompensationExpense $164.25K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $913.09K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-93.51K USD 1 Quarter
Inventory IncreaseDecreaseInInventories $11.18K USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-5.10K USD 1 Quarter
Value-added tax prepayment IncreaseDecreaseInValueaddedTaxPrepayment $2.87K USD 1 Quarter
Value-added tax prepayment IncreaseDecreaseInValueaddedTaxPrepayment $8.16K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpense $-79.12K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpense $88.25K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $608.50K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $107.16K USD 1 Quarter
Unearned revenue IncreaseDecreaseInDeferredRevenue $-142.62K USD 1 Quarter
Unearned revenue IncreaseDecreaseInDeferredRevenue $63.34K USD 1 Quarter
Accrued expenses and other payables IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $192.53K USD 1 Quarter
Accrued expenses and other payables IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $223.92K USD 1 Quarter
Payment on operating lease liabilities IncreaseDecreaseInOtherOperatingLiabilities $-202.55K USD 1 Quarter
Payment on operating lease liabilities IncreaseDecreaseInOtherOperatingLiabilities $-154.52K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-752.70K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-1.40M USD 1 Quarter
Acquisition of property and equipment PaymentsToAcquireMachineryAndEquipment $403.00 USD 1 Quarter
Acquisition of property and equipment PaymentsToAcquireMachineryAndEquipment $9.16K USD 1 Quarter
Acquisition of intangible assets PaymentsToAcquireIntangibleAssets $73.15K USD 1 Quarter
Long-term investment PaymentsToAcquireLongtermInvestments - USD 1 Quarter
Long-term investment PaymentsToAcquireLongtermInvestments $29.29K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-102.84K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-9.16K USD 1 Quarter
Due to related parties ProceedFromDueToRelatedParties $-30.21K USD 1 Quarter
Due to related parties ProceedFromDueToRelatedParties $-11.71K USD 1 Quarter
(Payment) proceeds of loans payable PaymentOfLoanPayable $497.62K USD 1 Quarter
(Payment) proceeds of loans payable PaymentOfLoanPayable $-820.51K USD 1 Quarter
Net proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $7.68M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $7.17M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $790.30K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalent $-5.90K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalent $-7.65K USD 1 Quarter
Net increase (decrease) in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $5.76M USD 1 Quarter
Net increase (decrease) in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-71.14K USD 1 Quarter
Cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $164.22K USD Point-in-time
Cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $93.07K USD Point-in-time
Cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $49.68K USD Point-in-time
Cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.81M USD Point-in-time
Cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $164.22K USD Point-in-time
Cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $93.07K USD Point-in-time
Cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $49.68K USD Point-in-time
Cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.81M USD Point-in-time
Cash paid for interest InterestPaidNet - USD 1 Quarter
Cash paid for interest InterestPaidNet - USD 1 Quarter
Cash paid for income tax IncomeTaxesPaid - USD 1 Quarter
Cash paid for income tax IncomeTaxesPaid - USD 1 Quarter
Transfer of prepaid software development expenditure to intangible assets TransferOfPrepaidSoftwareDevelopmentExpenditureToIntangibleAssets $50.00K USD 1 Quarter
Right-of-use assets obtained in exchange for new operating lease liabilities StockIssued1 - USD 1 Quarter
Stockholders Equity 15 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $2.45M USD Point-in-time
Balance StockholdersEquity $1.25M USD Point-in-time
Balance StockholdersEquity $6.72M USD Point-in-time
Balance StockholdersEquity $319.65K USD Point-in-time
Net loss for the period NetIncomeLoss $-1.44M USD 1 Quarter
Net loss for the period NetIncomeLoss $-1.34M USD 1 Quarter
Issuance of common stock for equity financing StockIssuedDuringPeriodValueOther $7.68M USD 1 Quarter
Stock compensation expense StockIssuedDuringPeriodValueNewIssues $116.25K USD 1 Quarter
Stock compensation expense StockIssuedDuringPeriodValueNewIssues $164.25K USD 1 Quarter
Foreign currency translation gain (loss) TemporaryEquityForeignCurrencyTranslationAdjustments $12.34K USD 1 Quarter
Foreign currency translation gain (loss) TemporaryEquityForeignCurrencyTranslationAdjustments $-4.70K USD 1 Quarter
Balance StockholdersEquity $2.45M USD Point-in-time
Balance StockholdersEquity $1.25M USD Point-in-time
Balance StockholdersEquity $6.72M USD Point-in-time
Balance StockholdersEquity $319.65K USD Point-in-time

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

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