10-K Filing

MYSEUM, INC. CIK: 1648960 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001213900-23-025416`
Period End Date	20221231
Filing Date	20230331
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	f10k2022_datchatinc_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 42 Cash Flow Statement 80 Stockholders Equity 18

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$1.73M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$20.20M	USD	Point-in-time
Short-term investments, at fair value	`ShortTermInvestments`	-	USD	Point-in-time
Short-term investments, at fair value	`ShortTermInvestments`	$11.01M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$384.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$278.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$134.75K	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`	$376.97K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$20.58M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.88M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$79.69K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$53.72K	USD	Point-in-time
Digital currencies and other digital assets	`DigitalCurrenciesAndOtherDigitalAssets`	-	USD	Point-in-time
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, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Digital currencies and other digital assets	`DigitalCurrenciesAndOtherDigitalAssets`	$23.38K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$184.31K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$134.53K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.60M	shares	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$238.03K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$237.60K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.60M	shares	Point-in-time
Total Assets	`Assets`	$20.82M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.60M	shares	Point-in-time
Total Assets	`Assets`	$13.11M	USD	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`	$517.04K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$404.60K	USD	Point-in-time
Operating lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$53.90K	USD	Point-in-time
Operating lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$67.34K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$8.85K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$186.00	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$1.31K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$203.00	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$579.99K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$473.44K	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$151.01K	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$83.67K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$151.01K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$83.67K	USD	Point-in-time
Total Liabilities	`Liabilities`	$731.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$557.11K	USD	Point-in-time
Commitments and Contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock ($0.0001 par value; 20,000,000 shares authorized)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock ($0.0001 par value; 20,000,000 shares authorized)	`PreferredStockValue`	-	USD	Point-in-time
Series A Preferred stock ($0.0001 Par Value; 1 Share authorized; none issued and outstanding on December 31, 2022 and 2021)	`PreferredStockValue1`	-	USD	Point-in-time
Series A Preferred stock ($0.0001 Par Value; 1 Share authorized; none issued and outstanding on December 31, 2022 and 2021)	`PreferredStockValue1`	-	USD	Point-in-time
Common stock ($0.0001 par value; 180,000,000 shares authorized; 20,597,169 and 19,597,169 shares issued and outstanding on December 31, 2022 and 2021, respectively)	`CommonStockValue`	$2.06K	USD	Point-in-time
Common stock ($0.0001 par value; 180,000,000 shares authorized; 20,597,169 and 19,597,169 shares issued and outstanding on December 31, 2022 and 2021, respectively)	`CommonStockValue`	$1.96K	USD	Point-in-time
Common stock to be issued (1,389 shares on December 31, 2022 and 2021)	`CommonStockvalueone`	-	USD	Point-in-time
Common stock to be issued (1,389 shares on December 31, 2022 and 2021)	`CommonStockvalueone`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$52.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$47.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-39.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.59M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$20.08M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$12.56M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$582.33K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$13.11M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$20.82M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Basic and diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.71	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.60	USD	Annual
NET REVENUES	`Revenues`	$4.45K	USD	Annual
NET REVENUES	`Revenues`	$46.21K	USD	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.33M	shares	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.10M	shares	Annual
Compensation and related expenses	`CompensationAndRelatedExpenses`	$2.96M	USD	Annual
Compensation and related expenses	`CompensationAndRelatedExpenses`	$6.55M	USD	Annual
Marketing and advertising expenses	`MarketingAndAdvertisingExpense`	$828.74K	USD	Annual
Marketing and advertising expenses	`MarketingAndAdvertisingExpense`	$5.09M	USD	Annual
Professional and consulting expenses	`ProfessionalAndConsultingExpenses`	$2.29M	USD	Annual
Professional and consulting expenses	`ProfessionalAndConsultingExpenses`	$2.18M	USD	Annual
Research and development expense - related party	`ResearchAndDevelopmentExpense`	-	USD	Annual
Research and development expense - related party	`ResearchAndDevelopmentExpense`	$514.96K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$991.88K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$607.62K	USD	Annual
Impairment loss on intangible asset	`ImpairmentOfIntangibleAssetsFinitelived`	$981.00K	USD	Annual
Impairment loss on intangible asset	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Impairment loss on digital currencies and other digital assets	`OtherAssetImpairmentCharges`	$119.28K	USD	Annual
Impairment loss on digital currencies and other digital assets	`OtherAssetImpairmentCharges`	-	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$10.84M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$12.27M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-10.84M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-12.23M	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense	`InterestExpense`	$127.00	USD	Annual
Interest income	`InvestmentIncomeInterest`	$3.52K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$12.30K	USD	Annual
Gain from forgiveness of debt	`GainsLossesOnRestructuringOfDebt`	$6.13K	USD	Annual
Gain from forgiveness of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	Annual
Realized gain on short-term investments	`RealizedInvestmentGainsLosses`	-	USD	Annual
Realized gain on short-term investments	`RealizedInvestmentGainsLosses`	$28.18K	USD	Annual
Unrealized gain on short-term investments	`UnrealizedGainLossOnInvestments`	$47.67K	USD	Annual
Unrealized gain on short-term investments	`UnrealizedGainLossOnInvestments`	-	USD	Annual
Total other income, net	`NonoperatingIncomeExpense`	$88.15K	USD	Annual
Total other income, net	`NonoperatingIncomeExpense`	$9.52K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-12.14M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-10.83M	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	$-0.60	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	$-0.71	USD	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	15.33M	shares	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.10M	shares	Annual

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.14M	USD	Annual
Net loss	`NetIncomeLoss`	$-10.83M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$127.50K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$2.32K	USD	Annual
Amortization of right of use asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$43.22K	USD	Annual
Amortization of right of use asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$49.78K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.09M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$3.17M	USD	Annual
Stock-based professional fees	`AllocatedShareBasedCompensationExpense`	$1.21M	USD	Annual
Stock-based professional fees	`AllocatedShareBasedCompensationExpense`	$347.73K	USD	Annual
Gain from extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain from extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$6.13K	USD	Annual
Impairment loss on intangible asset	`AssetImpairmentCharges`	$981.00K	USD	Annual
Impairment loss on intangible asset	`AssetImpairmentCharges`	-	USD	Annual
Impairment loss on digital currencies and other digital assets	`GainLossOnSaleOfOtherAssets`	$-119.28K	USD	Annual
Impairment loss on digital currencies and other digital assets	`GainLossOnSaleOfOtherAssets`	-	USD	Annual
Non-cash digital currency and other digital assets fees	`NoncashDigitalCurrencyAndOtherDigitalAssetsFees`	$13.74K	USD	Annual
Non-cash digital currency and other digital assets fees	`NoncashDigitalCurrencyAndOtherDigitalAssetsFees`	-	USD	Annual
Non-cash revenue from sale of Venvuu NFT digital asset	`GainLossOnSaleOfDerivatives`	$36.39K	USD	Annual
Non-cash revenue from sale of Venvuu NFT digital asset	`GainLossOnSaleOfDerivatives`	-	USD	Annual
Realized gain on short-term investments	`GainLossOnSaleOfInvestments`	$28.18K	USD	Annual
Realized gain on short-term investments	`GainLossOnSaleOfInvestments`	-	USD	Annual
Unrealized gain on short-term investments	`UnrealizedGainLossOnInvestments`	$47.67K	USD	Annual
Unrealized gain on short-term investments	`UnrealizedGainLossOnInvestments`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$106.00	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$278.00	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$351.71K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-242.22K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$61.00	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$397.50K	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-8.66K	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$8.85K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-22.62K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-53.90K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-8.45M	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-7.26M	USD	Annual
Proceeds from sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	-	USD	Annual
Proceeds from sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$9.91M	USD	Annual
Purchase of short-term investments	`PaymentsToAcquireShortTermInvestments`	$20.84M	USD	Annual
Purchase of short-term investments	`PaymentsToAcquireShortTermInvestments`	-	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.04K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$44.48K	USD	Annual
Proceeds from sale of digital currencies and other digital assets	`ProceedsFromSaleOfProductiveAssets`	$743.00	USD	Annual
Proceeds from sale of digital currencies and other digital assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	Annual
Purchases of digital currencies and other digital assets	`PaymentsToAcquireIntangibleAssets`	$233.25K	USD	Annual
Purchases of digital currencies and other digital assets	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-56.04K	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-11.21M	USD	Annual
Advances from related party	`ProceedsFromRelatedPartyDebt`	$20.29K	USD	Annual
Advances from related party	`ProceedsFromRelatedPartyDebt`	$177.62K	USD	Annual
Payments on related party advances	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-177.62K	USD	Annual
Payments on related party advances	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-19.18K	USD	Annual
Repayment of notes payable - related party	`RepaymentsOfNotesPayable`	$7.50K	USD	Annual
Repayment of notes payable - related party	`RepaymentsOfNotesPayable`	-	USD	Annual
Proceeds from exercise of Series A Warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	Annual
Proceeds from exercise of Series A Warrants	`ProceedsFromIssuanceOfWarrants`	$14.36M	USD	Annual
Net proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$13.67M	USD	Annual
Net proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$1.11K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$28.02M	USD	Annual
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$19.51M	USD	Annual
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-18.47M	USD	Annual
CASH AND CASH EQUIVALENTS - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.73M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$690.42K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.73M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$690.42K	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	Annual
Interest	`InterestPaidNet`	-	USD	Annual
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Digital currencies used to pay accounts payable	`IntangibleAssetsUsedToPayAccountsPayable`	$112.50K	USD	Annual
Digital currencies used to pay accounts payable	`IntangibleAssetsUsedToPayAccountsPayable`	-	USD	Annual
Common stock issued for future services	`CommonStockIssuedForFutureServices`	-	USD	Annual
Common stock issued for future services	`CommonStockIssuedForFutureServices`	$50.00K	USD	Annual
Subscription receivable from exercise of Series A warrants	`SubscriptionReceivableFromExerciseOfSeriesAWarrants`	-	USD	Annual
Subscription receivable from exercise of Series A warrants	`SubscriptionReceivableFromExerciseOfSeriesAWarrants`	-	USD	Annual
Issuance of common shares for intangible assets	`IssuanceOfCommonSharesForIntangibleAssets`	-	USD	Annual
Issuance of common shares for intangible assets	`IssuanceOfCommonSharesForIntangibleAssets`	$1.09M	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$20.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$12.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$582.33K	USD	Point-in-time
Accretion of stock based compensation in connection with stock option grants	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.17M	USD	Annual
Accretion of stock-based professional fees in connection with stock option grants and shares	`StockGrantedDuringPeriodValueSharebasedCompensationForfeited`	$347.73K	USD	Annual
Shares issued for asset acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$1.09M	USD	Annual
Sale of common stock, net of offering costs	`StockIssuedDuringPeriodValueOther`	$13.67M	USD	Annual
Common stock issued for common stock issuable	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	Annual
Common stock issued for exercise of Series A warrants	`StockIssuedDuringPeriodValueCommonStockIssuedForExerciseOfSeriesAWarrants`	$14.36M	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueStockDividend`	$420.00K	USD	Annual
Stock-based compensation in connection with stock option grants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$1.53M	USD	Annual
Accretion of stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$350.00K	USD	Annual
Fractional shares due to reverse split	`FractionalSharesDueToReverseSplit`	-	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-12.14M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-10.83M	USD	Annual
Balance	`StockholdersEquity`	$20.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$12.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$582.33K	USD	Point-in-time

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