DSwiss Inc (DQWS) financial statements (2022 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 |
| SIC | 2844 - Perfumes, Cosmetics, and Other Toilet Preparations (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 235 | 158 | 48 | 189 | 499 | 783 | ||
| Cash and cash equivalents | 235 | 158 | 48 | 189 | 499 | 783 | ||
| Receivables | 3 | 10 | 10 | 32 | 21 | 4 | ||
| Inventory, net of allowances, customer advances and progress billings | 17 | 38 | 17 | 15 | 19 | 34 | ||
| Inventory | 17 | 38 | 17 | 15 | 19 | 34 | ||
| Prepaid expense | 1 | 1 | 7 | 5 | 3 | 17 | ||
| Other undisclosed current assets | 53 | 32 | 118 | 35 | 65 | 0 | ||
| Total current assets: | 308 | 239 | 200 | 277 | 607 | 837 | ||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 93 | 48 | 93 | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 93 | 52 | 67 | 93 | 57 | 75 | ||
| Intangible assets, net (including goodwill) | 4 | 6 | 7 | 10 | 10 | 10 | ||
| Intangible assets, net (excluding goodwill) | 4 | 6 | 7 | 10 | 10 | 10 | ||
| Total noncurrent assets: | 190 | 105 | 166 | 103 | 67 | 85 | ||
| TOTAL ASSETS: | 498 | 344 | 366 | 379 | 673 | 922 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 31 | 26 | 14 | 42 | 4 | 12 | ||
| Accounts payable | 11 | 1 | 0 | 28 | 4 | 5 | ||
| Accrued liabilities | 19 | 25 | 14 | 14 | 1 | 7 | ||
| Taxes payable | 0 | |||||||
| Debt | 17 | 10 | 53 | 638 | ||||
| Due to related parties | 41 | 155 | 126 | 40 | 41 | 19 | ||
| Other undisclosed current liabilities | 231 | 190 | 189 | 46 | 29 | 35 | ||
| Total current liabilities: | 319 | 382 | 382 | 129 | 74 | 705 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 105 | 32 | 89 | |||||
| Finance lease, liability | 58 | 32 | 41 | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 47 | 47 | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (47) | 49 | 12 | 15 | ||||
| Total noncurrent liabilities: | 105 | 32 | 89 | 49 | 12 | 15 | ||
| Total liabilities: | 424 | 414 | 470 | 178 | 86 | 720 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 73 | (95) | (109) | 190 | 555 | 170 | ||
| Common stock | 21 | 21 | 21 | 21 | 21 | 20 | ||
| Additional paid in capital | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 757 | ||
| Accumulated other comprehensive loss | (33) | (28) | (35) | (21) | (7) | (38) | ||
| Accumulated deficit | (1,310) | (1,483) | (1,491) | (1,205) | (854) | (569) | ||
| Stockholders' equity attributable to noncontrolling interest | 1 | 26 | 5 | 12 | 32 | 33 | ||
| Total stockholders' equity: | 74 | (70) | (104) | 202 | 587 | 203 | ||
| TOTAL LIABILITIES AND EQUITY: | 498 | 344 | 366 | 379 | 673 | 922 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 1,959 | 1,348 | 274 | 220 | 181 | 137 | |
| Other income | 64 | 8 | 1 | 0 | |||
| Cost of revenue | (1,460) | (980) | (182) | (178) | (36) | (65) | |
| Gross profit: | 499 | 367 | 92 | 42 | 145 | 72 | |
| Operating expenses | (374) | (289) | (95) | (138) | (167) | (170) | |
| Other undisclosed operating loss | (127) | ||||||
| Operating income (loss): | (1) | 78 | (3) | (96) | (21) | (98) | |
| Nonoperating income (expense) | 8 | 105 | (56) | (46) | (60) | (23) | |
| Other nonoperating income | 8 | 105 | |||||
| Interest and debt expense | (6) | ||||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (153) | (229) | (204) | (395) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 7 | 30 | (66) | (371) | (285) | (516) | |
| Other undisclosed income (loss) from continuing operations before income taxes | 143 | (230) | |||||
| Income (loss) from continuing operations before income taxes: | 150 | 30 | (295) | (371) | (285) | (516) | |
| Income tax expense (benefit) | (0) | (3) | 0 | ||||
| Income (loss) before gain (loss) on sale of properties: | 150 | 27 | (295) | (371) | (285) | (516) | |
| Other undisclosed net income (loss) | (20) | 8 | |||||
| Net income (loss): | 150 | 7 | (295) | (371) | (285) | (508) | |
| Net income (loss) attributable to noncontrolling interest | 23 | (20) | 10 | 20 | (1) | (8) | |
| Other undisclosed net income (loss) attributable to parent | (23) | 40 | (10) | (20) | 1 | ||
| Net income (loss) available to common stockholders, diluted: | 150 | 27 | (295) | (371) | (285) | (516) | |
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 150 | 7 | (295) | (371) | (285) | (508) | |
| Other comprehensive income (loss) | (14) | 253 | 533 | ||||
| Other undisclosed comprehensive income (loss) | (4) | 20 | |||||
| Comprehensive income (loss): | 150 | 7 | (299) | (365) | (32) | 25 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 23 | (20) | 10 | 20 | (1) | (8) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (5) | 26 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 169 | 14 | (289) | (345) | (32) | 17 | |
Statements sources
The financial statements are based on the company's filings with the 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.