10-Q Filing

DATASEA INC. CIK: 1631282 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001520138-17-000354`
Period End Date	20170930
Filing Date	20171114
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	dtss-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 30 Cash Flow Statement 41

Balance Sheet 48 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.17M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	57.51M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	56.61M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.32M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.80K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$93.37K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	57.51M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$221.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	56.61M	shares	Point-in-time
Inventory	`InventoryNet`	$101.30K	USD	Point-in-time
Inventory	`InventoryNet`	$103.16K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$94.44K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$166.50K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.59M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.37M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$58.46K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$59.29K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$13.78K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$13.62K	USD	Point-in-time
Total Assets	`Assets`	$1.44M	USD	Point-in-time
Total Assets	`Assets`	$2.66M	USD	Point-in-time
Accounts payable	`AccruedLiabilitiesCurrent`	$13.26K	USD	Point-in-time
Accounts payable	`AccruedLiabilitiesCurrent`	$13.51K	USD	Point-in-time
Accrued expenses and other payables	`AccruedExpensesAndOtherPayables`	$80.75K	USD	Point-in-time
Accrued expenses and other payables	`AccruedExpensesAndOtherPayables`	$66.97K	USD	Point-in-time
Advances for sale of common stock	`AdvancesForSaleOfCommonStock`	-	USD	Point-in-time
Advances for sale of common stock	`AdvancesForSaleOfCommonStock`	$675.24K	USD	Point-in-time
Loan payable-shareholder	`LoanPayableshareholder`	$134.52K	USD	Point-in-time
Loan payable-shareholder	`LoanPayableshareholder`	$129.87K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$885.35K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$228.77K	USD	Point-in-time
Common stock, $0.001 par value, 375,000,000 shares authorized, 57,511,771 and 56,610,271 shares issued and outstanding at September 30, 2017 and June 30, 2017, respectively	`CommonStockValue`	$57.51K	USD	Point-in-time
Common stock, $0.001 par value, 375,000,000 shares authorized, 57,511,771 and 56,610,271 shares issued and outstanding at September 30, 2017 and June 30, 2017, respectively	`CommonStockValue`	$56.61K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.08M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.97M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$222.25K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$57.69K	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-2.93M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-2.52M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.43M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$558.63K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.44M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.66M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	$8.99K	USD	1 Quarter
Cost of Goods	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of Goods	`CostOfGoodsSold`	$21.00	USD	1 Quarter
Gross Profit	`GrossProfit`	$8.97K	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Selling expenses	`SellingExpense`	$44.72K	USD	1 Quarter
Selling expenses	`SellingExpense`	$34.38K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$225.18K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$407.11K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$441.49K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$269.89K	USD	1 Quarter
Loss from operation	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-432.52K	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`	$23.98K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$-32.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Total other expenses	`OtherNonoperatingIncomeExpense`	$23.98K	USD	1 Quarter
Total other expenses	`OtherNonoperatingIncomeExpense`	$-3.06K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-408.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-266.83K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-38.93K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-164.56K	USD	1 Quarter
Total Comprehensive Loss	`OtherComprehensiveIncomeLossTax`	$243.97K	USD	1 Quarter
Total Comprehensive Loss	`OtherComprehensiveIncomeLossTax`	$227.90K	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
Weighted average shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	54.82M	shares	1 Quarter
Weighted average shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	57.03M	shares	1 Quarter

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-408.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-266.83K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$7.08K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$6.34K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$225.00	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-608.00	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-70.16K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$28.49K	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`	$12.52K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-245.20K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-458.86K	USD	1 Quarter
Acquisition of office equipment and intangible assets	`PaymentsToAcquireMachineryAndEquipment`	$4.75K	USD	1 Quarter
Acquisition of office equipment and intangible assets	`PaymentsToAcquireMachineryAndEquipment`	$1.79K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.79K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.75K	USD	1 Quarter
(Repayment) proceeds of related party loans, net	`RepaymentsOfRelatedPartyDebt`	$92.26K	USD	1 Quarter
(Repayment) proceeds of related party loans, net	`RepaymentsOfRelatedPartyDebt`	$-2.25K	USD	1 Quarter
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.43M	USD	1 Quarter
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$420.90K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$328.64K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.43M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$174.07K	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-80.00	USD	1 Quarter
Net Increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$81.56K	USD	1 Quarter
Net Increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.15M	USD	1 Quarter
Cash - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.17M	USD	Point-in-time
Cash - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.32M	USD	Point-in-time
Cash - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$11.80K	USD	Point-in-time
Cash - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$93.37K	USD	Point-in-time
Cash - ending of year	`CashAndCashEquivalentsAtCarryingValue`	$1.17M	USD	Point-in-time
Cash - ending of year	`CashAndCashEquivalentsAtCarryingValue`	$2.32M	USD	Point-in-time
Cash - ending of year	`CashAndCashEquivalentsAtCarryingValue`	$11.80K	USD	Point-in-time
Cash - ending of year	`CashAndCashEquivalentsAtCarryingValue`	$93.37K	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.