Datasea Inc. (DTSS) Financial Statements (2023 and earlier)

Company Profile

Business Address 1 XINGHUO RD, CHANGNING BLDG, STE.11D2E
BEIJING, 100070
State of Incorp. NV
Fiscal Year End June 30
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2023
MRQ
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments43164501,0666,0731,031
Cash and cash equivalents43164501,0666,0731,031
Receivables528548570524  
Inventory, net of allowances, customer advances and progress billings2532111941057376
Inventory2532111941057376
Prepaid expense   47  
Other current assets    29257
Other undisclosed current assets500333722,12781121
Total current assets:1,3251,2578863,8996,2521,235
Noncurrent Assets
Operating lease, right-of-use asset 3165221,351703
Property, plant and equipment1111883092914155
Long-term investments and receivables5730    
Long-term investments5730    
Intangible assets, net (including goodwill)1,4481,7421,0922155614
Intangible assets, net (excluding goodwill)1,4481,7421,0922155614
Deposits noncurrent assets  17257   
Deferred costs      73
Other undisclosed noncurrent assets     600 
Total noncurrent assets:1,9322,4993,0091,0151,197142
TOTAL ASSETS:3,2583,7563,8954,9137,4491,377
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9691,497907322169129
Employee-related liabilities304170275156116
Accounts payable1,341995562   
Accrued liabilities628198175471314
Deferred revenue123 46211,319
Debt1,592821,487 87 
Due to related parties 9710269   
Other liabilities   269   
Other undisclosed current liabilities34044348134710962
Total current liabilities:4,1212,1253,2596891,683191
Noncurrent Liabilities
Long-term debt and lease obligation168 80688  
Long-term debt, excluding current maturities168     
Liabilities, other than long-term debt  102    
Due to related parties  102    
Operating lease, liability   80688
Other undisclosed noncurrent liabilities  (71)399(1,035)  
Total noncurrent liabilities:16831559341  
Total liabilities:4,2902,1563,8171,0311,683191
Equity
Equity, attributable to parent(972)2,4543203,8825,7651,186
Common stock242421212119
Additional paid in capital19,98120,73012,08711,10511,1055,121
Accumulated other comprehensive income235284273170190171
Accumulated deficit(21,212)(18,584)(12,062)(7,413)(5,550)(4,125)
Equity, attributable to noncontrolling interest(60)(854)(242)   
Total equity:(1,032)1,600783,8825,7651,186
TOTAL LIABILITIES AND EQUITY:3,2583,7563,8954,9137,4491,377

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

3/31/2023
TTM
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
Revenues9,04517,0811751,415 11
Cost of revenue(8,170)(16,125)(81)(146) (5)
Cost of goods and services sold9,380(0)(81)(146) (5)
Other undisclosed gross profit(25)     
Gross profit:850956941,268 6
Operating expenses(7,504)(8,193)(4,955)(3,173)(1,499)(1,667)
Operating loss:(6,654)(7,237)(4,861)(1,905)(1,499)(1,661)
Nonoperating income (expense)74126(23)47(2) 
Other nonoperating income (expense)5675(26)(2)(2) 
Interest and debt expense   (28)(200) (0)
Loss from continuing operations before equity method investments, income taxes:(6,580)(7,112)(4,913)(2,058)(1,501)(1,662)
Other undisclosed income from continuing operations before income taxes   2820020
Loss from continuing operations before income taxes:(6,580)(7,112)(4,884)(1,858)(1,499)(1,661)
Income tax expense(0)  (5)  
Loss from continuing operations:(6,580)(7,112)(4,884)(1,863)(1,499)(1,661)
Loss before gain (loss) on sale of properties:(5,169)(7,112)(4,884)(1,863)(1,499)(1,661)
Net loss:(6,580)(7,112)(4,884)(1,863)(1,499)(1,661)
Net income attributable to noncontrolling interest548590236   
Other undisclosed net income (loss) attributable to parent    7457
Net loss attributable to parent:(6,031)(6,522)(4,648)(1,863)(1,425)(1,604)
Other undisclosed net income (loss) available to common stockholders, basic(2,277)6,5229,288   
Net income (loss) available to common stockholders, diluted:(8,308)04,640(1,863)(1,425)(1,604)

Comprehensive Income ($ in thousands)

3/31/2023
TTM
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
Net loss:(6,580)(7,112)(4,884)(1,863)(1,499)(1,661)
Other comprehensive loss     (1,406)(1,491)
Comprehensive loss:(6,580)(7,112)(4,884)(1,863)(2,905)(3,152)
Comprehensive income, net of tax, attributable to noncontrolling interest544612242   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(104)(12)97(20)  
Comprehensive loss, net of tax, attributable to parent:(6,140)(6,511)(4,545)(1,883)(2,905)(3,152)

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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