10-Q/A Filing

DATASEA INC. CIK: 1631282 Q1 2019

Filing Information

Form Type	10-Q/A
Accession Number	`0001615774-18-013847`
Period End Date	20180930
Filing Date	20181204
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	dtss-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 33 Cash Flow Statement 39 Stockholders Equity 19

Balance Sheet 48 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`	375.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	375.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	19.25M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.17M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$832.08K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.32M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	19.17M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	19.25M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	19.17M	shares	Point-in-time
Inventory	`InventoryNet`	$75.91K	USD	Point-in-time
Inventory	`InventoryNet`	$73.58K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	19.17M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$127.88K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$118.44K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.24M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.02M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$55.27K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$47.07K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$27.32K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$13.89K	USD	Point-in-time
Deferred registration costs	`DeferredCosts`	$72.53K	USD	Point-in-time
Deferred registration costs	`DeferredCosts`	$70.30K	USD	Point-in-time
Total Assets	`Assets`	$1.38M	USD	Point-in-time
Total Assets	`Assets`	$1.17M	USD	Point-in-time
Accounts payable	`AccruedLiabilitiesCurrent`	$13.50K	USD	Point-in-time
Accounts payable	`AccruedLiabilitiesCurrent`	$13.09K	USD	Point-in-time
Accrued expenses and other payables	`AccruedExpensesAndOtherPayables`	$150.28K	USD	Point-in-time
Accrued expenses and other payables	`AccruedExpensesAndOtherPayables`	$64.99K	USD	Point-in-time
Loan payable-shareholder	`LoanPayableshareholder`	-	USD	Point-in-time
Loan payable-shareholder	`LoanPayableshareholder`	$27.06K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$190.84K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$78.08K	USD	Point-in-time
Common stock, $0.001 par value, 375,000,000 shares authorized, 19,254,846 and 19,170,846 shares issued and outstanding at September 30, 2018 and June 30, 2018, respectively	`CommonStockValue`	$19.17K	USD	Point-in-time
Common stock, $0.001 par value, 375,000,000 shares authorized, 19,254,846 and 19,170,846 shares issued and outstanding at September 30, 2018 and June 30, 2018, respectively	`CommonStockValue`	$19.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.37M	USD	Point-in-time
Accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$170.79K	USD	Point-in-time
Accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$202.37K	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-4.50M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-4.12M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.09M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.19M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$558.63K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.38M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.17M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$8.99K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$21.00	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$7.43K	USD	1 Quarter
Gross (loss)profit	`GrossProfit`	$8.97K	USD	1 Quarter
Gross (loss)profit	`GrossProfit`	$-7.43K	USD	1 Quarter
Selling expenses	`SellingExpense`	$76.88K	USD	1 Quarter
Selling expenses	`SellingExpense`	$34.38K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$312.55K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$226.57K	USD	1 Quarter
R&D expenses	`ResearchAndDevelopmentExpense`	$94.56K	USD	1 Quarter
R&D expenses	`ResearchAndDevelopmentExpense`	$62.77K	USD	1 Quarter
Total operating expenses:	`OperatingExpenses`	$441.49K	USD	1 Quarter
Total operating expenses:	`OperatingExpenses`	$366.22K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-432.52K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-373.65K	USD	1 Quarter
Other (expense)income, net	`InterestIncomeExpenseNet`	$-3.92K	USD	1 Quarter
Other (expense)income, net	`InterestIncomeExpenseNet`	$23.98K	USD	1 Quarter
Interest income	`InterestAndDividendIncomeOperating`	$5.92K	USD	1 Quarter
Interest income	`InterestAndDividendIncomeOperating`	-	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$23.98K	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$2.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.60M	USD	Annual
Net loss	`NetIncomeLoss`	$-371.66K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-408.54K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-164.56K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-31.57K	USD	1 Quarter
Total comprehensive loss	`OtherComprehensiveIncomeLossTax`	$243.97K	USD	1 Quarter
Total comprehensive loss	`OtherComprehensiveIncomeLossTax`	$340.09K	USD	1 Quarter
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 shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.01M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.17M	shares	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.60M	USD	Annual
Net loss	`NetIncomeLoss`	$-371.66K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-408.54K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$7.08K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$12.16K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-225.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-5.56K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$70.16K	USD	1 Quarter
Accrued expenses and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$12.52K	USD	1 Quarter
Accrued expenses and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-81.45K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-435.39K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-458.86K	USD	1 Quarter
Acquisition of office equipment and intangible assets	`PaymentsToAcquireMachineryAndEquipment`	$19.58K	USD	1 Quarter
Acquisition of office equipment and intangible assets	`PaymentsToAcquireMachineryAndEquipment`	$4.75K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.75K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.58K	USD	1 Quarter
Proceeds(Payment) of loan payable - shareholder, net	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$2.25K	USD	1 Quarter
Proceeds(Payment) of loan payable - shareholder, net	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-26.47K	USD	1 Quarter
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.43M	USD	1 Quarter
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$246.94K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$220.47K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.43M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$35.09K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$174.07K	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.15M	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-199.41K	USD	1 Quarter
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.17M	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$832.08K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.32M	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash - ending of period	`CashAndCashEquivalentsAtCarryingValue`	$1.17M	USD	Point-in-time
Cash - ending of period	`CashAndCashEquivalentsAtCarryingValue`	$832.08K	USD	Point-in-time
Cash - ending of period	`CashAndCashEquivalentsAtCarryingValue`	$2.32M	USD	Point-in-time
Cash - ending of period	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for income tax	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income tax	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$1.09M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.19M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$558.63K	USD	Point-in-time
Beginning Balance (in shares)	`CommonStockSharesOutstanding`	19.25M	shares	Point-in-time
Beginning Balance (in shares)	`CommonStockSharesOutstanding`	19.17M	shares	Point-in-time
Beginning Balance (in shares)	`CommonStockSharesOutstanding`	19.17M	shares	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$244.66K	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$2.12M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.60M	USD	Annual
Net loss	`NetIncomeLoss`	$-371.66K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-408.54K	USD	1 Quarter
Foreign currency translation gain	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$113.10K	USD	Annual
Foreign currency translation gain	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$31.57K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$1.09M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.19M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$558.63K	USD	Point-in-time
Ending Balance (in shares)	`CommonStockSharesOutstanding`	19.25M	shares	Point-in-time
Ending Balance (in shares)	`CommonStockSharesOutstanding`	19.17M	shares	Point-in-time
Ending Balance (in shares)	`CommonStockSharesOutstanding`	19.17M	shares	Point-in-time

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