10-Q Filing

DATASEA INC. CIK: 1631282 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001520138-16-001234`
Period End Date	20160930
Filing Date	20161114
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	dtss-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 30 Cash Flow Statement 42

Balance Sheet 47 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`	75.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	11.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	55.39M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	55.69M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$93.37K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.90K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.56K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.80K	USD	Point-in-time
Project in progress	`ProjectInProgress`	$229.36K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	11.00M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	55.39M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	55.69M	shares	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`	$65.98K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$388.71K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$336.05K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$102.50K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$97.96K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$12.00K	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`	$498.67K	USD	Point-in-time
Accounts payable	`AccruedLiabilitiesCurrent`	$197.97K	USD	Point-in-time
Accounts payable	`AccruedLiabilitiesCurrent`	$184.67K	USD	Point-in-time
Accrued expenses and other payables	`AccruedExpensesAndOtherPayables`	$35.88K	USD	Point-in-time
Accrued expenses and other payables	`AccruedExpensesAndOtherPayables`	$75.78K	USD	Point-in-time
Loan payable-shareholder	`LoanPayableshareholder`	$84.56K	USD	Point-in-time
Loan payable-shareholder	`LoanPayableshareholder`	$176.62K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$450.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$305.11K	USD	Point-in-time
Common stock, $0.001 par value, 375,000,000 shares authorized, 55,692,271 and 55,387,271 shares issued and outstanding at September 30, 2016 and June 30, 2016, respectively	`CommonStockValue`	$55.69K	USD	Point-in-time
Common stock, $0.001 par value, 375,000,000 shares authorized, 55,692,271 and 55,387,271 shares issued and outstanding at September 30, 2016 and June 30, 2016, respectively	`CommonStockValue`	$55.39K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.70M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.28M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.86K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$33.07K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.33M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$559.00	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$193.56K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$498.67K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$450.93K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Selling expenses	`SellingExpense`	-	USD	1 Quarter
Selling expenses	`SellingExpense`	$44.72K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$162.31K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$225.18K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$269.89K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$162.31K	USD	1 Quarter
Loss from operation	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-162.31K	USD	1 Quarter
Loss from operation	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-269.89K	USD	1 Quarter
Other expense(income), net	`InterestIncomeExpenseNet`	$3.03K	USD	1 Quarter
Other expense(income), net	`InterestIncomeExpenseNet`	$-28.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$32.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$34.00	USD	1 Quarter
Total other expenses	`OtherNonoperatingIncomeExpense`	$3.06K	USD	1 Quarter
Total other expenses	`OtherNonoperatingIncomeExpense`	$6.00	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-266.83K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-162.30K	USD	1 Quarter
Income tax provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	-	USD	1 Quarter
Income tax provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-266.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-162.30K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-38.93K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-274.00	USD	1 Quarter
Total Comprehensive Loss	`OtherComprehensiveIncomeLossTax`	$162.03K	USD	1 Quarter
Total Comprehensive Loss	`OtherComprehensiveIncomeLossTax`	$227.90K	USD	1 Quarter
Net loss per share Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.00M	shares	1 Quarter
Weighted average shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	54.82M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-266.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-162.30K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$3.25K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$6.34K	USD	1 Quarter
Project in progress	`IncreaseDecreaseInProjectInProgress`	-	USD	1 Quarter
Project in progress	`IncreaseDecreaseInProjectInProgress`	$-608.00	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$28.49K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$6.30K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.66K	USD	1 Quarter
Accrued expenses and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$76.00	USD	1 Quarter
Accrued expenses and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.17K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-245.20K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-145.57K	USD	1 Quarter
Acquisition of office equipment and intangible assets	`PaymentsToAcquireMachineryAndEquipment`	$1.79K	USD	1 Quarter
Acquisition of office equipment and intangible assets	`PaymentsToAcquireMachineryAndEquipment`	$19.35K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.35K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.79K	USD	1 Quarter
Payment to related party	`RepaymentsOfRelatedPartyDebt`	$92.26K	USD	1 Quarter
Payment to related party	`RepaymentsOfRelatedPartyDebt`	$4.70K	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$420.90K	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Capital contribution	`ProceedsFromContributedCapital`	-	USD	1 Quarter
Capital contribution	`ProceedsFromContributedCapital`	$166.51K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$161.81K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$328.64K	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-80.00	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-232.00	USD	1 Quarter
Net Increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$81.56K	USD	1 Quarter
Net Increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.34K	USD	1 Quarter
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$93.37K	USD	Point-in-time
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.90K	USD	Point-in-time
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.56K	USD	Point-in-time
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$11.80K	USD	Point-in-time
Cash End of Period	`CashAndCashEquivalentsAtCarryingValue`	$93.37K	USD	Point-in-time
Cash End of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.90K	USD	Point-in-time
Cash End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.56K	USD	Point-in-time
Cash End of Period	`CashAndCashEquivalentsAtCarryingValue`	$11.80K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for income tax	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income tax	`IncomeTaxesPaid`	-	USD	1 Quarter

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