10-Q Filing

DATASEA INC. CIK: 1631282 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001520138-17-000187`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	dtss-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 68 Cash Flow Statement 47

Balance Sheet 51 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
Common Stock, shares issued	`CommonStockSharesIssued`	55.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	55.39M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	56.15M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.90K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$212.97K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.80K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$344.13K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	55.39M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	56.15M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$3.08K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	55.00M	shares	Point-in-time
Inventory	`InventoryNet`	$10.54K	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Project in progress	`ProjectsInProgress`	$229.50K	USD	Point-in-time
Project in progress	`ProjectsInProgress`	$8.37K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$110.34K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$94.76K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$336.05K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$476.46K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$102.50K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$60.77K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$13.96K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$12.38K	USD	Point-in-time
Total Assets	`Assets`	$551.19K	USD	Point-in-time
Total Assets	`Assets`	$450.93K	USD	Point-in-time
Accounts payable	`AccruedLiabilitiesCurrent`	$43.27K	USD	Point-in-time
Accounts payable	`AccruedLiabilitiesCurrent`	$197.97K	USD	Point-in-time
Accrued expenses and other payables	`AccruedExpensesAndOtherPayables`	$75.78K	USD	Point-in-time
Accrued expenses and other payables	`AccruedExpensesAndOtherPayables`	$76.72K	USD	Point-in-time
Loan payable-shareholder	`LoanPayableshareholder`	$69.54K	USD	Point-in-time
Loan payable-shareholder	`LoanPayableshareholder`	$176.62K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$189.52K	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, 56,154,771 and 55,387,271 shares issued and outstanding at March 31, 2017 and June 30, 2016, respectively	`CommonStockValue`	$56.16K	USD	Point-in-time
Common stock, $0.001 par value, 375,000,000 shares authorized, 56,154,771 and 55,387,271 shares issued and outstanding at March 31, 2017 and June 30, 2016, respectively	`CommonStockValue`	$55.39K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.28M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.34M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.86K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$41.80K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.07M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$559.00	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$361.67K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$551.19K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$450.93K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$2.05K	USD	1 Quarter
Revenue	`SalesRevenueNet`	-	USD	3 Qtrs
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	$135.02K	USD	3 Qtrs
Cost of Goods	`CostOfGoodsSold`	$141.05K	USD	3 Qtrs
Cost of Goods	`CostOfGoodsSold`	$2.03K	USD	1 Quarter
Cost of Goods	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of Goods	`CostOfGoodsSold`	-	USD	3 Qtrs
Gross Loss	`GrossProfit`	-	USD	3 Qtrs
Gross Loss	`GrossProfit`	$-6.03K	USD	3 Qtrs
Gross Loss	`GrossProfit`	$23.00	USD	1 Quarter
Gross Loss	`GrossProfit`	-	USD	1 Quarter
Selling expenses	`SellingExpense`	$30.62K	USD	1 Quarter
Selling expenses	`SellingExpense`	-	USD	3 Qtrs
Selling expenses	`SellingExpense`	-	USD	1 Quarter
Selling expenses	`SellingExpense`	$85.71K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$680.41K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$190.09K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$750.01K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$247.69K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$278.31K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$750.01K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$190.09K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$766.12K	USD	3 Qtrs
Loss from operation	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-278.29K	USD	1 Quarter
Loss from operation	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-190.09K	USD	1 Quarter
Loss from operation	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-750.01K	USD	3 Qtrs
Loss from operation	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-772.15K	USD	3 Qtrs
Other expense(income), net	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Other expense(income), net	`InterestIncomeExpenseNet`	-	USD	3 Qtrs
Other expense(income), net	`InterestIncomeExpenseNet`	$11.68K	USD	1 Quarter
Other expense(income), net	`InterestIncomeExpenseNet`	$25.93K	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$87.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$518.00	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$315.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$125.00	USD	3 Qtrs
Total other expenses	`OtherNonoperatingIncomeExpense`	$125.00	USD	3 Qtrs
Total other expenses	`OtherNonoperatingIncomeExpense`	$87.00	USD	1 Quarter
Total other expenses	`OtherNonoperatingIncomeExpense`	$26.45K	USD	3 Qtrs
Total other expenses	`OtherNonoperatingIncomeExpense`	$11.99K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-190.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-266.29K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-745.70K	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-749.89K	USD	3 Qtrs
Income tax provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	-	USD	3 Qtrs
Income tax provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	-	USD	3 Qtrs
Income tax provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	-	USD	1 Quarter
Income tax provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-745.70K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-266.29K	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`	$18.11K	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-47.66K	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-56.81K	USD	1 Quarter
Total Comprehensive Loss	`OtherComprehensiveIncomeLossTax`	$698.04K	USD	3 Qtrs
Total Comprehensive Loss	`OtherComprehensiveIncomeLossTax`	$204.21K	USD	1 Quarter
Total Comprehensive Loss	`OtherComprehensiveIncomeLossTax`	$768.00K	USD	3 Qtrs
Total Comprehensive Loss	`OtherComprehensiveIncomeLossTax`	$209.49K	USD	1 Quarter
Net loss per share Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	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	3 Qtrs
Net loss per share Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Weighted average shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	55.79M	shares	3 Qtrs
Weighted average shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	39.74M	shares	3 Qtrs
Weighted average shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	56.10M	shares	1 Quarter
Weighted average shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	55.03M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-745.70K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-266.29K	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`	$48.21K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.12K	USD	3 Qtrs
Project in progress	`IncreaseDecreaseInProjectInProgress`	$205.34K	USD	3 Qtrs
Project in progress	`IncreaseDecreaseInProjectInProgress`	$-224.69K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-19.18K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-47.09K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-149.81K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$144.92K	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$56.41K	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$78.77K	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-607.85K	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-787.35K	USD	3 Qtrs
Cash received from merger	`CashAcquiredFromAcquisition`	$12.62K	USD	3 Qtrs
Cash received from merger	`CashAcquiredFromAcquisition`	-	USD	3 Qtrs
Acquisition of office equipment and intangible assets	`PaymentsToAcquireMachineryAndEquipment`	$11.59K	USD	3 Qtrs
Acquisition of office equipment and intangible assets	`PaymentsToAcquireMachineryAndEquipment`	$69.40K	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.59K	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-56.78K	USD	3 Qtrs
Payment to related party	`RepaymentsOfRelatedPartyDebt`	$102.28K	USD	3 Qtrs
Payment to related party	`RepaymentsOfRelatedPartyDebt`	$782.00	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.06M	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$248.45K	USD	3 Qtrs
Capital contribution	`ProceedsFromContributedCapital`	$805.59K	USD	3 Qtrs
Capital contribution	`ProceedsFromContributedCapital`	-	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$956.87K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.05M	USD	3 Qtrs
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.06K	USD	3 Qtrs
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.09K	USD	3 Qtrs
Net Increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$332.33K	USD	3 Qtrs
Net Increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$207.07K	USD	3 Qtrs
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.90K	USD	Point-in-time
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$212.97K	USD	Point-in-time
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$11.80K	USD	Point-in-time
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$344.13K	USD	Point-in-time
Cash End 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`	$11.80K	USD	Point-in-time
Cash End of Period	`CashAndCashEquivalentsAtCarryingValue`	$344.13K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for income tax	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income tax	`IncomeTaxesPaid`	-	USD	3 Qtrs

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