BEIJING, Feb. 13,
2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS)
("Datasea" or the "Company"), a global technology company that
develops and provides products utilizing intelligent acoustics
including ultrasound, infrasound and directional sound, and
provides 5G multimodal communication, upgraded 5G messaging
services, today announced its financial results for the second
quarter ended December 31, 2023.
"We delivered strong performance in our second quarter of 2024
with revenue of approximately $11.3
million which brought our first half revenue of 2024 to
$18.2 million. The increase in
revenue during the quarter was mainly due to an increase of our 5G
multimodal communication business in China where we signed a number of significant
5G multimodal communication service agreements. Our
sales team vigorously and effectively promote our products where we
focus on the needs of our customers and constantly optimize and
improve our products and services. We believe that our technology
has competitive advantages in its accuracy, convenience and
technological capabilities," said Datasea CEO Zhixin Liu.
"We launched our air sterilization products in China in 2023 across a number of distribution
channels and we are currently developing our business operations in
the US which include our pursuit of intellectual property rights
and the establishment of an online platform. In the post-pandemic
era, we believe that there is a global demand for effective
solutions for healthy living environments in China, the US and globally. We are committed
to providing cutting-edge acoustics technology imbedded with
artificial intelligence across a wide range of products for both
business and consumer applications," concluded CEO Zhixin Liu of Datasea.
First Half Fiscal Year 2024 Financial
Highlights
- For the six months ended December 31,
2023 and 2022, revenues were $18,229,212 and $131,459, respectively. Revenues increased by
$18,097,753 over the same period of
last year, an increase of 13,766.8% over the same period of last
year, mainly due the Company's is current leadership in the
research and development of 5G multimodal communication
technology, where it has formed a stable customer base after a
sustained expansion of its customer base. In addition to Datasea's
technological R&D achievements over the years, our improved
market positioning is due to extensive market promotion and
our exceptional customer support. In addition, the structural
dynamics in which we operate have improved with the general
development of the 5G upstream and downstream chain, which has led
to a thriving 5G market and the formation of a very sizeable and
loyal customer base.
- For the six months ended December 31,
2023 and 2022, the Company's administrative expenses were
$1,316,516 and $1,751,359, respectively, a decrease of
$434,843 or 24.8%, compared to the
same period last year. The main reason is that the Company
continues to rationalize its administrative expenses, improve its
operational efficiency, and improve the granularity of its expenses
to improve management efficiency and reduce expenses.
- As of December 31, 2023 and
June 30, 2023, the Company's accounts
receivable balance were $54,123 and
$255,725, respectively, a decrease of
$201,602 and 78.8% from the prior
period. Mainly, the Company reduced the occurrence of bad debts by
strengthening the credit evaluation of customers, strengthened its
collection processes including collection efficiency and shortened
the account period, all of which improved the management efficiency
of its accounts receivable.
Operations Update
Acoustic Intelligence
Datasea is a developer and promoter of acoustic intelligence and
plans to introduce Its cutting-edge technology and its wide range
of applications to China, US and
globally. The Company's intelligent acoustics products segment is
central to its strategic growth plan. Its acoustic effects are
derived by reverse engineering sound characteristics and developing
processing mechanisms from the perspective of how sound impacts
people and objects. This has led the Company to develop acoustic
products that address real-world problems across a range of
industries. In 2023, Datasea launched air sterilizer products in
China and has been promoting its
products through direct sales, channel agents and livestreaming.
The Company is currently establishing the protocols for the
marketing and sales of such products in the US.
International Business Expansion: Datasea established its
wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware, USA in July
2023. This was a key element in its strategic plan and
underlies Datasea's commitment to intelligent acoustics and its
intent to offer leading-edge acoustic solutions to the U.S. market.
Datasea has developed high-quality ultrasonic air sterilizers,
bathroom and cloakroom sterilizers, and odor removal products.
Further, it has engaged in the continuous development of new
products including ultrasonic Skin Repair Robots and Schumann
frequency sleep monitors for the China, US and global markets. The Company has
commenced a collaboration with a globally renowned testing
organization, to conduct ETL safety and functional certifications
for the air disinfection products intended for sale in the US.
Datasea anticipates completing these certifications in the next
quarter and commencing the sales of its products in the US
market.
Marketing and sales expansion. Datasea plans to
actively seek long-term contracts and collaborations with domestic
and international customers, partners, and major corporate clients.
On October, 2023, its Delaware
operating entity, Datasea Acoustics LLC, entered into a marketing
promotion and sales cooperation agreement with Meglio Interiors LLC
("Meglio"), based in Chamblee,
Georgia to develop, promote and distribute the Company's
intelligent acoustics products in the US and internationally.
Meglio has sales channels that include Atlanta, Dallas and New
Jersey and broad experience in increasing sales for its
clients in the US. The Company believes that Meglio has the
know-how in business development, marketing, sales, branding, and
channel development in the US furniture market, which the Company
believes is an ideal fit for its home health products which include
air disinfection machines, bathroom and wardrobe deodorization
devices as well as sleep-enhancing products.
Technology Collaborations: Datasea believes that it is at
the forefront of delivering cutting-edge intelligent acoustics
solutions, especially focusing on ultrasound, infrasound,
directional sound and Schumann resonance technology, to meet the
evolving needs of our customers worldwide. DTSS has entered
into collaborations with renowned research institutions such as the
Medical Ultrasound Project with the Chinese Academy of Sciences and
the ultrasound-based products for mental alertness and attention
enhancement. In addition, Datasea plans to foster collaborations
with renowned U.S. universities and research institutions through
its US subsidiary. By partnering with these institutions. The
Company believes that this collaborative approach will help Datasea
to develop and sustain a technological leadership position in the
ultrasonic, infrasound and directional sound technology fields.
US Patent Acquisition and Technology Protection: Datasea
prioritizes the acquisition of US patents to protect its
innovations and intellectual property. Our attainment of US patents
for our technologies is essential to maintain our competitive
advantage and defend against potential infringement. We believe
that our planned patent acquisition will ensure that Datasea's
intellectual property remains protected in the US market and
provide opportunities for licensing and monetization. Currently,
the Company is actively engaged in obtaining U.S. patents through
collaboration with a renowned intellectual property firm. We aim to
build an intellectual property matrix in the United States and on an international
scale.
5G Multimodal Communication
Marketing and sales expansion. Datasea is a first
pioneer in the 5G multimodal communication, upgraded 5G
messaging services in China, and has built a
comprehensive 5G multimodal communication product portfolio
with high brand recognition. With the rapid development of 5G
multimodal communication in the Chinese market, its application
trend will show the characteristics of intelligence, strong
connectivity, immersive experience, enabling thousands of
industries, personalized service and border blurring, and promote
the digital transformation and intelligent development of all walks
of life. The Company's communication suite enables users to enjoy
various effective interfaces with integrated messages, including
texts, pictures, audio, video and emojis, as well as status,
location and other communication functions. It has the
characteristics of high contact rate, rich media, strong
interactivity, convenient service, and high security. Datasea has
adopted an integrated sales strategy to boost sales to better
promote business development and meet the demand of its
customers.
Key Customers and Agreements. As of December 31, 2023, Datasea's Chinese operating
entities have reached agreements with two important new
clients, Hainuo Xintong (Qingdao)
Network Technology Co., Ltd. ("Hainuo") and Xiamen Duoqiao Mai
Network Technology Co., Ltd. ("Xiamen Duoqiao"). These agreements
allow Hainuo and Xiamen Duoqiao to purchase various denominations
of 5G message top up cards within 12 months of the agreement,
ranging from RMB 10 to RMB 500 ($1.38 to
$69.40). Just a few months after
signing agreements with Hainuo and Xiamen Duoqiao, DTSS'
subsidiaries recorded a 5G multimodal communication service
contract worth approximately $10.49 million. In addition, as of
December 31, 2023, one of Datasea's
operating entities, Guozhong Times
(Beijing( Technology Co., Ltd. has
agreed to terms with several new clients for 5G multimodal
communication business that will result in significant
revenue.
About Datasea Inc.
Datasea Inc. ("Datasea") is a leading provider of products,
services, and solutions for enterprise and retail customers in
converging and innovative industries, Intelligent Acoustics and 5G
multimodal communication especially focusing on ultrasonic,
infrasound and directional sound technology. The Company's advanced
R&D technology serves as the core infrastructure and backbone
for its products. Its 5G multimodal communication segment
operates on a cloud platform based on AI. Datasea leverages
cutting-edge technologies in intelligent acoustics, utilizing
ultrasonic sterilization to combat viruses and prevent human
infections, and is also developing innovations in directional sound
and medical ultrasonic cosmetology. In July
2023, Datasea established a wholly-owned subsidiary, Datasea
Acoustics LLC, in Delaware, in a
strategic move to mark its global presence. This underlies
Datasea's commitment to Intelligent Acoustics and its intent to
offer leading-edge acoustic solutions to the US market. For
additional information, please visit: www.dataseainc.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will", "expects", "anticipates", "future",
"intends", "plans", "believes", "estimates", "target", "going
forward", "outlook," "objective" and similar terms. Such statements
are based upon management's current expectations and current market
and operating conditions, and relate to events that involve known
or unknown risks, uncertainties and other factors, all of which are
difficult to predict and which are beyond Datasea's control, which
may cause Datasea's actual results, performance or
achievements (including the RMB/USD value of its anticipated
benefit to Datasea as described herein) to differ materially and in
an adverse manner from anticipated results contained or implied in
the forward-looking statements. Further information regarding these
and other risks, uncertainties or factors is included in Datasea's
filings with the U.S. Securities and Exchange Commission, which are
available at www.sec.gov. Datasea does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
law.
Datasea Investor and Media Contact:
Email: investorrelations@shuhaixinxi.com
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com
DATASEA
INC.
|
CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
|
(UNAUDITED)
|
|
|
|
THREE MONTHS
ENDED
DECEMBER 31,
|
|
|
SIX MONTHS ENDED
DECEMBER 31,
|
|
|
|
2023
|
|
|
2022
|
|
|
2023
|
|
|
2022
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
$
|
11,348,469
|
|
|
$
|
131,459
|
|
|
$
|
18,229,212
|
|
|
$
|
131,459
|
|
Cost of goods
sold
|
|
|
11,246,234
|
|
|
|
96,030
|
|
|
|
18,052,242
|
|
|
|
96,030
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
102,235
|
|
|
|
35,429
|
|
|
|
176,970
|
|
|
|
35,429
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling
|
|
|
1,149,944
|
|
|
|
45,588
|
|
|
|
1,234,391
|
|
|
|
149,702
|
|
General and
administrative
|
|
|
623,456
|
|
|
|
866,399
|
|
|
|
1,316,516
|
|
|
|
1,751,359
|
|
Research and
development
|
|
|
117,371
|
|
|
|
148,812
|
|
|
|
272,375
|
|
|
|
255,440
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating
expenses
|
|
|
1,890,771
|
|
|
|
1,060,799
|
|
|
|
2,823,282
|
|
|
|
2,156,501
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
|
|
(1,788,536)
|
|
|
|
(1,025,370)
|
|
|
|
(2,646,312)
|
|
|
|
(2,121,072)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-operating income
(expenses)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
expenses
|
|
|
(46,187)
|
|
|
|
(34,326)
|
|
|
|
(54,051)
|
|
|
|
(35,565)
|
|
Interest
income
|
|
|
1,623
|
|
|
|
29
|
|
|
|
1,729
|
|
|
|
93
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total non-operating
expenses, net
|
|
|
(44,564)
|
|
|
|
(34,297)
|
|
|
|
(52,322)
|
|
|
|
(35,472)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss before income
tax
|
|
|
(1,833,100)
|
|
|
|
(1,059,667)
|
|
|
|
(2,698,634)
|
|
|
|
(2,156,544)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
8
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss before
noncontrolling interest from continuing
operation
|
|
|
(1,833,100)
|
|
|
|
(1,059,667)
|
|
|
|
(2,698,634)
|
|
|
|
(2,156,552)
|
|
Income (loss) before
noncontrolling interest from
discontinued operation
|
|
|
-
|
|
|
|
(351,418)
|
|
|
|
833,546
|
|
|
|
(688,480)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less: loss attributable
to noncontrolling interest from
continuing operation
|
|
|
(61)
|
|
|
|
(14,002)
|
|
|
|
(9,993)
|
|
|
|
(8,867)
|
|
Less: loss attributable
to noncontrolling interest from
discontinued operation
|
|
|
-
|
|
|
|
(106,093)
|
|
|
|
-
|
|
|
|
(207,852)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attribute to
noncontrolling interest
|
|
|
(61)
|
|
|
|
(120,095)
|
|
|
|
(9,993)
|
|
|
|
(216,719)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss to the Company
from continuing operation
|
|
|
(1,833,039)
|
|
|
|
(1,045,665)
|
|
|
|
(2,688,641)
|
|
|
|
(2,147,685)
|
|
Net income (loss) to
the Company from discontinued
operation
|
|
|
-
|
|
|
|
(245,325)
|
|
|
|
833,546
|
|
|
|
(480,628)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss to the
Company
|
|
|
(1,833,039)
|
|
|
|
(1,290,990)
|
|
|
|
(1,855,095)
|
|
|
|
(2,628,313)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive
item
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation gain (loss) attributable to
the Company
|
|
|
34,601
|
|
|
|
(61,105)
|
|
|
|
(126,615)
|
|
|
|
(48,767)
|
|
Foreign currency
translation gain attributable to
noncontrolling interest
|
|
|
116
|
|
|
|
32,426
|
|
|
|
29,850
|
|
|
|
28,736
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive loss
attributable to the Company
|
|
$
|
(1,798,438)
|
|
|
$
|
(1,352,095)
|
|
|
$
|
(1,981,710)
|
|
|
$
|
(2,677,080)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income
(loss) attributable to
noncontrolling interest
|
|
$
|
55
|
|
|
$
|
(87,669)
|
|
|
$
|
19,857
|
|
|
$
|
(187,983)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted net
loss per share
|
|
$
|
(0.72)
|
|
|
$
|
(0.80)
|
|
|
$
|
(0.82)
|
|
|
$
|
(1.62)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares
used for computing basic and
diluted loss per
share *
|
|
|
2,538,286
|
|
|
|
1,621,642
|
|
|
|
2,250,711
|
|
|
|
1,621,642
|
|
|
|
|
|
*
|
Retroactively reflects
a 1-for-15 reverse stock split effective on January 19,
2024
|
DATASEA
INC.
|
CONSOLIDATED BALANCE
SHEETS
|
|
|
|
DECEMBER 31,
2023 (UNAUDITED)
|
|
|
JUNE 30,
2023
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
CURRENT
ASSETS
|
|
|
|
|
|
|
Cash
|
|
$
|
437,716
|
|
|
$
|
19,728
|
|
Accounts
receivable
|
|
|
54,123
|
|
|
|
255,725
|
|
Inventory,
net
|
|
|
185,806
|
|
|
|
241,380
|
|
Value-added tax
prepayment
|
|
|
82,987
|
|
|
|
71,261
|
|
Prepaid expenses and
other current assets
|
|
|
3,297,619
|
|
|
|
701,423
|
|
Total current
assets
|
|
|
4,058,251
|
|
|
|
1,289,517
|
|
|
|
|
|
|
|
|
|
|
NONCURRENT
ASSETS
|
|
|
|
|
|
|
|
|
Long-term
investment
|
|
|
56,476
|
|
|
|
55,358
|
|
Property and
equipment, net
|
|
|
62,512
|
|
|
|
85,930
|
|
Intangible assets,
net
|
|
|
660,080
|
|
|
|
1,185,787
|
|
Right-of-use assets,
net
|
|
|
107,329
|
|
|
|
137,856
|
|
Total noncurrent
assets
|
|
|
886,397
|
|
|
|
1,464,931
|
|
|
|
|
|
|
|
|
|
|
TOTAL
ASSETS
|
|
$
|
4,944,648
|
|
|
$
|
2,754,448
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
STOCKHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES
|
|
|
|
|
|
|
|
|
Accounts
payable
|
|
$
|
339,897
|
|
|
$
|
1,005,059
|
|
Unearned
revenue
|
|
|
58,456
|
|
|
|
609,175
|
|
Accrued expenses and
other payables
|
|
|
670,596
|
|
|
|
1,409,939
|
|
Due to related
parties
|
|
|
568,492
|
|
|
|
1,162,856
|
|
Operating lease
liabilities
|
|
|
116,594
|
|
|
|
124,640
|
|
Bank loan
payable
|
|
|
502,836
|
|
|
|
594,906
|
|
Loan
payable
|
|
|
155,308
|
|
|
|
-
|
|
Total current
liabilities
|
|
|
2,412,179
|
|
|
|
4,906,575
|
|
|
|
|
|
|
|
|
|
|
NONCURRENT
LIABILITIES
|
|
|
|
|
|
|
|
|
Operating lease
liabilities
|
|
|
-
|
|
|
|
26,449
|
|
Loan
payable
|
|
|
|
|
|
|
1,310,306
|
|
Bank loan
payable
|
|
|
672
|
|
|
|
91,215
|
|
Total noncurrent
liabilities
|
|
|
672
|
|
|
|
1,427,970
|
|
|
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES
|
|
|
2,412,851
|
|
|
|
6,334,545
|
|
|
|
|
|
|
|
|
|
|
COMMITMENTS AND
CONTINGENCIES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY
(DEFICIT)
|
|
|
|
|
|
|
|
|
Common stock, $0.001
par value, 25,000,000 shares authorized,
2,538,286 and 1,852,346 shares issued and outstanding as
of December 31, 2023 and June 30, 2023, respectively
*
|
|
|
2,538
|
|
|
|
1,852
|
|
Additional paid-in
capital
|
|
|
32,251,708
|
|
|
|
24,148,905
|
|
Accumulated
comprehensive income
|
|
|
266,637
|
|
|
|
393,252
|
|
Accumulated
deficit
|
|
|
(29,918,353)
|
|
|
|
(28,063,258)
|
|
TOTAL COMPANY
STOCKHOLDERS' EQUITY (DEFICIT)
|
|
|
2,602,530
|
|
|
|
(3,519,249)
|
|
|
|
|
|
|
|
|
|
|
Noncontrolling
interest
|
|
|
(70,733)
|
|
|
|
(60,848)
|
|
|
|
|
|
|
|
|
|
|
TOTAL EQUITY
(DEFICIT)
|
|
|
2,531,797
|
|
|
|
(3,580,097)
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES
AND EQUITY (DEFICIT)
|
|
$
|
4,944,648
|
|
|
$
|
2,754,448
|
|
|
|
*
|
retroactively reflect
1-for-15 reverse stock split effective on January 19,
2024
|
DATASEA
INC.
|
CONSOLIDATED
STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
|
SIX AND THREE MONTHS
ENDED DECEMBER 31, 2023 AND 2022
|
(UNAUDITED)
|
|
|
|
Common
Stock
|
|
|
Additional
paid-in
|
|
|
Accumulated
|
|
|
Accumulated
other
comprehensive
|
|
|
|
|
|
Noncontrolling
|
|
|
|
Shares
|
|
|
Amount
|
|
|
capital
|
|
|
deficit
|
|
|
income
|
|
|
Total
|
|
|
interest
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at July 1,
2023
|
|
|
1,852,346
|
|
|
$
|
1,852
|
|
|
$
|
24,148,905
|
|
|
$
|
(28,063,258)
|
|
|
$
|
393,252
|
|
|
$
|
(3,519,249)
|
|
|
$
|
(60,848)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(22,056)
|
|
|
|
-
|
|
|
|
(22,056)
|
|
|
|
(9,932)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of common
stock for equity financing
|
|
|
685,940
|
|
|
|
686
|
|
|
|
8,060,600
|
|
|
|
-
|
|
|
|
-
|
|
|
|
8,061,286
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued for stock
compensation expense
|
|
|
-
|
|
|
|
-
|
|
|
|
20,100
|
|
|
|
-
|
|
|
|
-
|
|
|
|
20,100
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation loss
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(161,216)
|
|
|
|
(161,216)
|
|
|
|
(8)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at September
30, 2023
|
|
|
2,538,286
|
|
|
|
2,538
|
|
|
|
32,229,605
|
|
|
|
(28,085,314)
|
|
|
|
232,036
|
|
|
|
4,378,865
|
|
|
|
(70,788)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(1,833,039)
|
|
|
|
-
|
|
|
|
(1,833,039)
|
|
|
|
(61)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued for stock
compensation expense
|
|
|
-
|
|
|
|
-
|
|
|
|
22,103
|
|
|
|
-
|
|
|
|
-
|
|
|
|
22,103
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation gain
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
34,601
|
|
|
|
34,601
|
|
|
|
116
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31,
2023
|
|
|
2,538,286
|
|
|
$
|
2,538
|
|
|
$
|
32,251,708
|
|
|
$
|
(29,918,353)
|
|
|
$
|
266,637
|
|
|
$
|
2,602,530
|
|
|
$
|
(70,733)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at July 1,
2022
|
|
|
1,621,642
|
|
|
$
|
1,622
|
|
|
$
|
20,752,262
|
|
|
$
|
(18,583,566)
|
|
|
$
|
283,587
|
|
|
$
|
2,453,905
|
|
|
$
|
(854,273)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(1,337,323)
|
|
|
|
-
|
|
|
|
(1,337,323)
|
|
|
|
(96,624)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued for stock
compensation expense
|
|
|
-
|
|
|
|
-
|
|
|
|
116,250
|
|
|
|
-
|
|
|
|
-
|
|
|
|
116,250
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation gain (loss)
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
12,338
|
|
|
|
12,338
|
|
|
|
(3,690)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at September
30, 2022
|
|
|
1,621,642
|
|
|
|
1,622
|
|
|
|
20,868,512
|
|
|
|
(19,920,889)
|
|
|
|
295,925
|
|
|
|
1,245,170
|
|
|
|
(954,587)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(1,290,990)
|
|
|
|
-
|
|
|
|
(1,290,990)
|
|
|
|
(120,095)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued for stock
compensation expense
|
|
|
-
|
|
|
|
-
|
|
|
|
117,000
|
|
|
|
-
|
|
|
|
-
|
|
|
|
117,000
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase of minority
interest ownership
|
|
|
-
|
|
|
|
-
|
|
|
|
(982,014)
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(982,014)
|
|
|
|
982,014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation gain (loss)
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(61,105)
|
|
|
|
(61,105)
|
|
|
|
32,426
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31,
2022
|
|
|
1,621,642
|
|
|
$
|
1,622
|
|
|
$
|
20,003,498
|
|
|
$
|
(21,211,879)
|
|
|
$
|
234,820
|
|
|
$
|
(971,939)
|
|
|
$
|
(60,242)
|
|
IMPORTANT NOTICE TO USERS
The information provided is a summary only, please refer to
the Form 10-Q for the full text of this notice. All
information is unaudited unless otherwise noted or accompanied by
an audit opinion and is subject to the more comprehensive
information contained in our SEC reports and filings. We do not
endorse third-party information. All information speaks as of the
last fiscal quarter or year for which we have filed a Form 10-K or
10-Q, or for historical information the date or period expressly
indicated in or with such information. We undertake no duty to
update the information. Forward-looking statements are subject to
risks and uncertainties described in our Forms 10-Q and
10-K.
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SOURCE Datasea Inc.