10-Q Filing

DATASEA INC. CIK: 1631282 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001520138-16-000952`
Period End Date	20160331
Filing Date	20160523
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	dtss-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 39 Cash Flow Statement 47

Balance Sheet 45 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value	`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
Common Stock, shares authorized	`CommonStockSharesAuthorized`	375.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$212.97K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$404.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	55.25M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.90K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	20.00M	shares	Point-in-time
Project in progress	`ProjectInProgress`	-	USD	Point-in-time
Project in progress	`ProjectInProgress`	$222.79K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	20.00M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	55.25M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$70.80K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$25.43K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$31.33K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$506.56K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$93.74K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$51.24K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$13.11K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Total Assets	`Assets`	$613.41K	USD	Point-in-time
Total Assets	`Assets`	$82.56K	USD	Point-in-time
Accounts payable	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accounts payable	`AccruedLiabilitiesCurrent`	$143.69K	USD	Point-in-time
Accrued expenses and other payables	`AccruedExpensesAndOtherPayables`	$104.94K	USD	Point-in-time
Accrued expenses and other payables	`AccruedExpensesAndOtherPayables`	$30.53K	USD	Point-in-time
Loan payable-shareholder	`LoanPayableshareholder`	$55.09K	USD	Point-in-time
Loan payable-shareholder	`LoanPayableshareholder`	$58.92K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$303.72K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$89.44K	USD	Point-in-time
Common stock, $0.001 par value, 375,000,000 shares authorized, 55,247,000 and 20,000,000 shares issued and outstanding at March 31, 2016 and June 30, 2015, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Common stock, $0.001 par value, 375,000,000 shares authorized, 55,247,000 and 20,000,000 shares issued and outstanding at March 31, 2016 and June 30, 2015, respectively	`CommonStockValue`	$55.25K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.23M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$175.88K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.00	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.12K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-202.74K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-952.63K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-6.88K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$309.69K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$613.41K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$82.56K	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	-	USD	3 Qtrs
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$750.01K	USD	3 Qtrs
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$27.52K	USD	1 Quarter
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$190.09K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$750.01K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$27.52K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$190.09K	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-750.01K	USD	3 Qtrs
Income from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-190.09K	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-27.52K	USD	1 Quarter
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest income	`InterestIncomeOther`	$87.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$125.00	USD	3 Qtrs
Total other income	`InterestAndOtherIncome`	$86.00	USD	1 Quarter
Total other income	`InterestAndOtherIncome`	$124.00	USD	3 Qtrs
Total other income	`InterestAndOtherIncome`	-	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-190.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-749.89K	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-27.52K	USD	1 Quarter
Income tax provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	-	USD	1 Quarter
Income tax provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	-	USD	1 Quarter
Income tax provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-27.52K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-749.89K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-190.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-14.21K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-122.00	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-18.11K	USD	3 Qtrs
Comprehensive Loss	`OtherComprehensiveIncomeLossTax`	$-768.00K	USD	3 Qtrs
Comprehensive Loss	`OtherComprehensiveIncomeLossTax`	$-27.64K	USD	1 Quarter
Comprehensive Loss	`OtherComprehensiveIncomeLossTax`	$-204.21K	USD	1 Quarter
Net loss per share Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Weighted average shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.00M	shares	1 Quarter
Weighted average shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	55.03M	shares	1 Quarter
Weighted average shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	39.74M	shares	3 Qtrs

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-27.52K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-749.89K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-190.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$10.63K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	-	USD	1 Quarter
Project in progress	`IncreaseDecreaseInProjectInProgress`	-	USD	1 Quarter
Project in progress	`IncreaseDecreaseInProjectInProgress`	$-224.69K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-47.09K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-16.13K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$144.92K	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$78.77K	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$44.05K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-787.35K	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$401.00	USD	1 Quarter
Cash received from reverse merger	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Cash received from reverse merger	`CashAcquiredFromAcquisition`	$12.62K	USD	3 Qtrs
Property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$55.38K	USD	3 Qtrs
Property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Intangible assets	`PropertyPlantAndEquipmentAdditions`	$14.02K	USD	3 Qtrs
Intangible assets	`PropertyPlantAndEquipmentAdditions`	-	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-56.78K	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Repayment of loan from shareholder	`LoanFromShareholder`	$-782.00	USD	3 Qtrs
Repayment of loan from shareholder	`LoanFromShareholder`	-	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$248.45K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Capital contribution	`ProceedsFromContributedCapital`	-	USD	1 Quarter
Capital contribution	`ProceedsFromContributedCapital`	$805.59K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.05M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.06K	USD	3 Qtrs
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.00	USD	1 Quarter
Net Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$404.00	USD	1 Quarter
Net Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$207.07K	USD	3 Qtrs
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$212.97K	USD	Point-in-time
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$404.00	USD	Point-in-time
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.90K	USD	Point-in-time
Cash End of Period	`CashAndCashEquivalentsAtCarryingValue`	$212.97K	USD	Point-in-time
Cash End of Period	`CashAndCashEquivalentsAtCarryingValue`	$404.00	USD	Point-in-time
Cash End of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash End of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.90K	USD	Point-in-time
Income tax payments	`IncomeTaxesPaid`	-	USD	1 Quarter
Income tax payments	`IncomeTaxesPaid`	-	USD	3 Qtrs
Interest expense	`InterestPaid`	-	USD	1 Quarter
Interest expense	`InterestPaid`	-	USD	3 Qtrs

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