10-K Filing

DATASEA INC. CIK: 1631282 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001520138-16-001178`
Period End Date	20160630
Filing Date	20160928
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	dtss-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 29 Cash Flow Statement 40 Stockholders Equity 18

Balance Sheet 44 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`	$5.90K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	55.39M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	20.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.80K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	55.39M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	20.00M	shares	Point-in-time
Project in progress	`ProjectInProgress`	-	USD	Point-in-time
Project in progress	`ProjectInProgress`	$229.50K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$94.76K	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`	$336.05K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$51.24K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$102.50K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$12.38K	USD	Point-in-time
Total Assets	`Assets`	$450.93K	USD	Point-in-time
Total Assets	`Assets`	$82.56K	USD	Point-in-time
Accounts payable	`AccruedLiabilitiesCurrent`	$197.97K	USD	Point-in-time
Accounts payable	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued expenses and other payables	`AccruedExpensesAndOtherPayables`	$30.53K	USD	Point-in-time
Accrued expenses and other payables	`AccruedExpensesAndOtherPayables`	$75.78K	USD	Point-in-time
Loan payable-shareholder	`LoanPayableshareholder`	$176.62K	USD	Point-in-time
Loan payable-shareholder	`LoanPayableshareholder`	$58.92K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$89.44K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$450.38K	USD	Point-in-time
Common stock, $0.001 par value, 375,000,000 shares authorized, 55,387,271 and 20,000,000 shares issued and outstanding at June 30, 2016 and, 2015, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Common stock, $0.001 par value, 375,000,000 shares authorized, 55,387,271 and 20,000,000 shares issued and outstanding at June 30, 2016 and, 2015, respectively	`CommonStockValue`	$55.39K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.28M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$175.88K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.86K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.00	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-202.74K	USD	Point-in-time
Total Stockholders' Equity(Deficit)	`StockholdersEquity`	$-6.88K	USD	Point-in-time
Total Stockholders' Equity(Deficit)	`StockholdersEquity`	$559.00	USD	Point-in-time
Total Stockholders' Equity(Deficit)	`StockholdersEquity`	$195.88K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$82.56K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$450.93K	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	-	USD	Annual
Revenue	`SalesRevenueNet`	-	USD	2 Qtrs
Selling expense	`SellingExpense`	$766.00	USD	2 Qtrs
Selling expense	`SellingExpense`	$24.91K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.10M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$201.97K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.12M	USD	Annual
Total operating expenses	`OperatingExpenses`	$202.74K	USD	2 Qtrs
Income from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-202.74K	USD	2 Qtrs
Income from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.12M	USD	Annual
Other expense	`OtherExpenses`	$2.74K	USD	Annual
Interest income	`InterestIncomeOther`	$198.00	USD	Annual
Interest income	`InterestIncomeOther`	-	USD	2 Qtrs
Total other income (expense)	`InterestIncomeExpenseNet`	-	USD	2 Qtrs
Total other income (expense)	`InterestIncomeExpenseNet`	$-2.54K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-202.74K	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.12M	USD	Annual
Income tax provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	-	USD	Annual
Income tax provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.12M	USD	Annual
Net loss	`NetIncomeLoss`	$-202.74K	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-5.84K	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-17.00	USD	2 Qtrs
Comprehensive Loss	`OtherComprehensiveIncomeLossTax`	$-1.13M	USD	Annual
Comprehensive Loss	`OtherComprehensiveIncomeLossTax`	$-202.76K	USD	2 Qtrs
Net loss per share Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per share Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Weighted average shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	43.63M	shares	Annual
Weighted average shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.00M	shares	2 Qtrs

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.12M	USD	Annual
Net loss	`NetIncomeLoss`	$-202.74K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$1.97K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$29.82K	USD	Annual
Project in progress	`IncreaseDecreaseInProjectInProgress`	-	USD	2 Qtrs
Project in progress	`IncreaseDecreaseInProjectInProgress`	$-237.36K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-25.36K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-73.82K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$204.75K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	2 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.45K	USD	2 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$64.47K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.14M	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-195.68K	USD	2 Qtrs
Cash received from reverse merger	`CashAcquiredFromAcquisition`	-	USD	2 Qtrs
Cash received from reverse merger	`CashAcquiredFromAcquisition`	$12.62K	USD	Annual
Leasehold improvement	`LeaseholdImprovement`	-	USD	2 Qtrs
Leasehold improvement	`LeaseholdImprovement`	$-40.95K	USD	Annual
Acquisition of office equipment and intangible assets	`PaymentsToAcquireMachineryAndEquipment`	$53.08K	USD	2 Qtrs
Acquisition of office equipment and intangible assets	`PaymentsToAcquireMachineryAndEquipment`	$58.96K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-53.08K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-87.29K	USD	Annual
Repayment of loan from shareholder	`LoanFromShareholder`	$126.64K	USD	Annual
Repayment of loan from shareholder	`LoanFromShareholder`	$58.77K	USD	2 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$442.03K	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Capital contribution	`ProceedsFromContributedCapital`	$662.20K	USD	Annual
Capital contribution	`ProceedsFromContributedCapital`	$195.88K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.23M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$254.65K	USD	2 Qtrs
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$15.00	USD	2 Qtrs
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-694.00	USD	Annual
Net Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.90K	USD	Annual
Net Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.90K	USD	2 Qtrs
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.90K	USD	Point-in-time
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$11.80K	USD	Point-in-time
Cash End of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.90K	USD	Point-in-time
Cash End of Period	`CashAndCashEquivalentsAtCarryingValue`	$11.80K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for income tax	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$-6.88K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$559.00	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$195.88K	USD	Point-in-time
Beginning Balance (in shares)	`CommonStockSharesOutstanding`	55.39M	shares	Point-in-time
Beginning Balance (in shares)	`CommonStockSharesOutstanding`	20.00M	shares	Point-in-time
Effect of reverse merger	`CommonStockEffectOfReverseMerger`	$12.62K	USD	Annual
Capital contribution	`ProceedsFromContributedCapital`	$662.20K	USD	Annual
Capital contribution	`ProceedsFromContributedCapital`	$195.88K	USD	2 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$442.03K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.12M	USD	Annual
Net loss	`NetIncomeLoss`	$-202.74K	USD	2 Qtrs
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-17.00	USD	2 Qtrs
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-5.84K	USD	Annual
Ending Balance	`StockholdersEquity`	$-6.88K	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$559.00	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$195.88K	USD	Point-in-time
Ending Balance (in shares)	`CommonStockSharesOutstanding`	55.39M	shares	Point-in-time
Ending Balance (in shares)	`CommonStockSharesOutstanding`	20.00M	shares	Point-in-time

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