10-Q Filing

DATASEA INC. CIK: 1631282 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001615774-18-003852`
Period End Date	20180331
Filing Date	20180515
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	dtss-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 60 Cash Flow Statement 46

Balance Sheet 49 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.80K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.17M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	19.17M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$344.13K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	18.87M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$221.00	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	19.17M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	19.17M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	18.87M	shares	Point-in-time
Inventory	`InventoryNet`	$85.42K	USD	Point-in-time
Inventory	`InventoryNet`	$101.30K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$94.44K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$170.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.80M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.37M	USD	Point-in-time
Deferred registration costs	`DeferredCosts`	-	USD	Point-in-time
Deferred registration costs	`DeferredCosts`	$76.86K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$59.29K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$56.57K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$13.78K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$13.55K	USD	Point-in-time
Total Assets	`Assets`	$1.95M	USD	Point-in-time
Total Assets	`Assets`	$1.44M	USD	Point-in-time
Accounts payable	`AccruedLiabilitiesCurrent`	$14.31K	USD	Point-in-time
Accounts payable	`AccruedLiabilitiesCurrent`	$13.26K	USD	Point-in-time
Accrued expenses and other payables	`AccruedExpensesAndOtherPayables`	$74.52K	USD	Point-in-time
Accrued expenses and other payables	`AccruedExpensesAndOtherPayables`	$66.97K	USD	Point-in-time
Advance for sale of common stock	`AdvancesForSaleOfCommonStock`	$675.24K	USD	Point-in-time
Loan payable-shareholder	`LoanPayableshareholder`	$113.07K	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`	$201.89K	USD	Point-in-time
Common stock, $0.001 par value, 125,000,000 shares authorized, 19,170,827 and 18,870,327 shares issued and outstanding at March 31, 2018 and June 30, 2017, respectively	`CommonStockValue`	$18.87K	USD	Point-in-time
Common stock, $0.001 par value, 125,000,000 shares authorized, 19,170,827 and 18,870,327 shares issued and outstanding at March 31, 2018 and June 30, 2017, respectively	`CommonStockValue`	$19.17K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.00M	USD	Point-in-time
Accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$57.69K	USD	Point-in-time
Accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$368.71K	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-2.52M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.76M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.75M	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`	$1.95M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$6.47K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$135.02K	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$15.50K	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$2.05K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$91.00	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$2.03K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$141.05K	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$70.00	USD	1 Quarter
Gross profit(loss)	`GrossProfit`	$23.00	USD	1 Quarter
Gross profit(loss)	`GrossProfit`	$6.40K	USD	1 Quarter
Gross profit(loss)	`GrossProfit`	$15.41K	USD	3 Qtrs
Gross profit(loss)	`GrossProfit`	$-6.03K	USD	3 Qtrs
Selling expenses	`SellingExpense`	$148.61K	USD	3 Qtrs
Selling expenses	`SellingExpense`	$30.62K	USD	1 Quarter
Selling expenses	`SellingExpense`	$85.71K	USD	3 Qtrs
Selling expenses	`SellingExpense`	$82.95K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$680.41K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$247.69K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.14M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$368.43K	USD	1 Quarter
Total operating expenses:	`OperatingExpenses`	$278.31K	USD	1 Quarter
Total operating expenses:	`OperatingExpenses`	$451.37K	USD	1 Quarter
Total operating expenses:	`OperatingExpenses`	$766.12K	USD	3 Qtrs
Total operating expenses:	`OperatingExpenses`	$1.29M	USD	3 Qtrs
Loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-444.98K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-772.15K	USD	3 Qtrs
Loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-278.29K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.28M	USD	3 Qtrs
Other (expense)income, net	`InterestIncomeExpenseNet`	$6.04K	USD	1 Quarter
Other (expense)income, net	`InterestIncomeExpenseNet`	$11.68K	USD	1 Quarter
Other (expense)income, net	`InterestIncomeExpenseNet`	$25.93K	USD	3 Qtrs
Other (expense)income, net	`InterestIncomeExpenseNet`	$37.48K	USD	3 Qtrs
Interest income	`InterestIncomeOther`	-	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$315.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest income	`InterestIncomeOther`	$518.00	USD	3 Qtrs
Total other income(expense)	`OtherNonoperatingIncomeExpense`	$11.99K	USD	1 Quarter
Total other income(expense)	`OtherNonoperatingIncomeExpense`	$37.48K	USD	3 Qtrs
Total other income(expense)	`OtherNonoperatingIncomeExpense`	$6.04K	USD	1 Quarter
Total other income(expense)	`OtherNonoperatingIncomeExpense`	$26.45K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.24M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-745.70K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-438.94K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-266.29K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-47.66K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-56.81K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-311.02K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-55.86K	USD	1 Quarter
Total comprehensive loss	`OtherComprehensiveIncomeLossTax`	$927.91K	USD	3 Qtrs
Total comprehensive loss	`OtherComprehensiveIncomeLossTax`	$209.49K	USD	1 Quarter
Total comprehensive loss	`OtherComprehensiveIncomeLossTax`	$383.07K	USD	1 Quarter
Total comprehensive loss	`OtherComprehensiveIncomeLossTax`	$698.04K	USD	3 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	3 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.12M	shares	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.70M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.60M	shares	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.17M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.24M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-745.70K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-438.94K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-266.29K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$22.66K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$48.21K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.12K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-229.00	USD	3 Qtrs
Project in progress	`IncreaseDecreaseInProjectInProgress`	$205.34K	USD	3 Qtrs
Project in progress	`IncreaseDecreaseInProjectInProgress`	-	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-22.91K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	-	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$19.18K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$65.30K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-149.81K	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.23K	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$56.41K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-607.85K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.26M	USD	3 Qtrs
Acquisition of office equipment	`PaymentsToAcquireMachineryAndEquipment`	$11.59K	USD	3 Qtrs
Acquisition of office equipment	`PaymentsToAcquireMachineryAndEquipment`	$14.29K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.59K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.29K	USD	3 Qtrs
Proceeds(payment) of related party loan, net	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-102.28K	USD	3 Qtrs
Proceeds(payment) of related party loan, net	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-25.97K	USD	3 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.06M	USD	3 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.42M	USD	3 Qtrs
Deferred registration costs	`PaymentsOfFinancingCosts`	$73.72K	USD	3 Qtrs
Deferred registration costs	`PaymentsOfFinancingCosts`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$956.87K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.32M	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.09K	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$324.28K	USD	3 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$373.78K	USD	3 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$332.33K	USD	3 Qtrs
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.80K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.17M	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$344.13K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Cash - ending of period	`CashAndCashEquivalentsAtCarryingValue`	$11.80K	USD	Point-in-time
Cash - ending of period	`CashAndCashEquivalentsAtCarryingValue`	$1.17M	USD	Point-in-time
Cash - ending of period	`CashAndCashEquivalentsAtCarryingValue`	$344.13K	USD	Point-in-time
Cash - ending of period	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	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.