DSwiss Inc (DQWS) Financial Statements (2024 and earlier)

Company Profile

Business Address UNIT 18-11, 18-12 & 18-01, TOWER A,
KUALA LUMPUR, 59200
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 2844 - Perfumes, Cosmetics, and Other Toilet Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24921423515848189
Cash and cash equivalents24921423515848189
Receivables36183101032
Inventory, net of allowances, customer advances and progress billings7717381715
Inventory7717381715
Prepaid expense221175
Other undisclosed current assets2320533211835
Total current assets:317262308239200277
Noncurrent Assets
Operating lease, right-of-use asset  45934893
Property, plant and equipment487293526793
Intangible assets, net (including goodwill)2346710
Intangible assets, net (excluding goodwill)2346710
Total noncurrent assets:51120190105166103
TOTAL ASSETS:367382498344366379
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1296431261442
Taxes payable0   
Accounts payable9930111028
Accrued liabilities303419251414
Debt2117171053 
Due to related parties 4115512640
Other undisclosed current liabilities14516523119018946
Total current liabilities:295245319382382129
Noncurrent Liabilities
Long-term debt and lease obligation16381053289 
Finance lease, liability1638583241
Operating lease, liability   47 47
Other undisclosed noncurrent liabilities   (47)  49
Total noncurrent liabilities:1638105328949
Total liabilities:311284424414470178
Equity
Equity, attributable to parent568673(95)(109)190
Common stock212121212121
Additional paid in capital1,3951,3951,3951,3951,3951,395
Accumulated other comprehensive income (loss)50(6)(33)(28)(35)(21)
Accumulated deficit(1,410)(1,324)(1,310)(1,483)(1,491)(1,205)
Equity, attributable to noncontrolling interest  12126512
Total equity:569874(70)(104)202
TOTAL LIABILITIES AND EQUITY:367382498344366379

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,4701,8491,9591,348274220
Other income     648
Cost of revenue(1,111)(1,404)(1,460)(980)(182)(178)
Other undisclosed gross profit      
Gross profit:3594454993679242
Operating expenses(433)(475)(374)(289)(95)(138)
Other undisclosed operating income (loss)7229(127)   
Operating income (loss):(1)(1)(1)78(3)(96)
Nonoperating income (expense)758105(56)(46)
Other nonoperating income758105  
Interest and debt expense     (6) 
Other undisclosed loss from continuing operations before equity method investments, income taxes    (153) (229)
Income (loss) from continuing operations before equity method investments, income taxes:64730(66)(371)
Other undisclosed income (loss) from continuing operations before income taxes(54)(6)143 (230) 
Income (loss) from continuing operations before income taxes:(49)(2)15030(295)(371)
Income tax expense(1)(1)(0)(3)  
Income (loss) from continuing operations:(50)(3)15027(295)(371)
Income (loss) before gain (loss) on sale of properties:15027(295)(371)
Other undisclosed net loss    (20)  
Net income (loss):(50)(3)1507(295)(371)
Net income (loss) attributable to noncontrolling interest   23(20)1020
Other undisclosed net income (loss) attributable to parent   (23)40(10)(20)
Net income (loss) available to common stockholders, diluted:(50)(3)15027(295)(371)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(50)(3)1507(295)(371)
Other comprehensive loss      (14)
Other undisclosed comprehensive income (loss)     (4)20
Comprehensive income (loss):(50)(3)1507(299)(365)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   23(20)1020
Other undisclosed comprehensive income (loss), net of tax, attributable to parent5616(5)26  
Comprehensive income (loss), net of tax, attributable to parent:71316914(289)(345)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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