DATASEA INC.
Business
Datasea Inc. is a Nevada-incorporated technology company operating dual-core businesses in Acoustic High-Tech and AI Multimodal Digitalization. In Acoustic High-Tech, it develops and sells ultrasonic disinfection, sterilization, and health-related smart hardware devices, plus technology licensing and integrated solutions spanning healthcare, industrial, and agricultural sectors. In AI Multimodal Digitalization, it provides cloud-based software platforms and customized solutions for enterprise clients and small-to-medium enterprises, leveraging 5G networks and AI algorithms to process text, voice, image, and video data. The company operates primarily in China through a WFOE and VIE structure, with a U.S. subsidiary handling international distribution.
Summary from 10-K filed 2025-09-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Revenues | 72 | 24 | 4 | 17 | — | |
| Cost of revenues | 69 | 24 | 4 | 16 | 81,135 | |
| Gross profit | 2 | 474,105 | 135,481 | 955,673 | 94,003 | |
| Selling | 2 | 3 | 372,639 | 1 | 568,034 | |
| General and administrative | 5 | 9 | 7 | 6 | 4 | |
| Research and development | 914,996 | 359,342 | 569,635 | 1 | 851,839 | |
| Total operating expenses | 8 | 13 | 8 | 8 | 5 | |
| Loss from operations | −5 | −12 | −8 | −7 | −5 | |
| Other income (expenses), net | 70,169 | −97,893 | −24,530 | 75,075 | −25,547 | |
| Interest income | 5,016 | 1,975 | 148 | 50,497 | — | |
| Total non-operating income (expenses), net | 75,185 | −95,918 | −24,382 | 125,572 | −23,030 | |
| Loss before income tax | −5 | −12 | −8 | −7 | −5 | |
| Income tax | 6,596 | — | — | — | — | |
| Loss before noncontrolling interest from continuing operations | −5 | −12 | −8 | −7 | −5 | |
| Income before noncontrolling interest from discontinued operations | — | 833,546 | −1 | — | — | |
| Less: loss attributable to noncontrolling interest from continuing operations | −432 | −10,695 | −8,819 | — | — | |
| Less: loss attributable to noncontrolling interest from discontinued operations | — | — | −209,504 | — | — | |
| Net loss attribute to noncontrolling interest | −432 | −10,695 | −218,323 | — | — | |
| Net loss to the Company from continuing operations | −5 | −12 | −8 | — | — | |
| Net income to the Company from discontinued operations | — | 833,546 | −1 | — | — | |
| Net loss to the Company | −5 | −11 | −9 | −7 | −5 | |
| Foreign currency translation gain (loss) attributable to the Company | −103,622 | −151,044 | 109,665 | — | — | |
| Foreign currency translation gain attributable to noncontrolling interest | 60,588 | 10 | 29,734 | — | — | |
| Comprehensive loss attributable to the Company | −5 | −12 | −9 | — | — | |
| Comprehensive income attributable to noncontrolling interest | 60,156 | −10,685 | −188,589 | −612,330 | −241,943 | |
| Basic net loss per share (in Dollars per share) | −0.77 | −4.38 | −5.7 | −0.27 | −0.22 | |
| Diluted net loss per share (in Dollars per share) | −0.77 | −4.38 | −5.7 | −0.27 | −0.22 | |
| Weighted average shares used for computing basic loss per share (in Shares) | 7 | 3 | 2 | 24 | 21 | |
| Weighted average shares used for computing diluted loss per share (in Shares) | 7 | 3 | 2 | 24 | 21 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2022 2022-02-28 |
|---|---|---|---|---|---|---|
| Cash | 620,807 | 181,262 | 19,728 | 164,217 | — | |
| Accounts receivable | 1 | 718,546 | 255,725 | 259,410 | — | |
| Inventory, net | 206,610 | 153,583 | 241,380 | 211,353 | — | |
| Value-added tax prepayment | 137,025 | 107,545 | 71,261 | — | — | |
| Prepaid expenses and other current assets | 583,650 | 1 | 701,423 | 575,312 | — | |
| Total current assets | 3 | 3 | 1 | 1 | — | |
| Property and equipment, net | 25,560 | 48,466 | 85,930 | 187,831 | — | |
| Intangible assets, net | 3 | 546,001 | 1 | 2 | — | |
| Right-of-use assets, net | 292,065 | 49,345 | 137,856 | 522,273 | — | |
| Total noncurrent assets | 4 | 643,812 | 1 | 2 | — | |
| TOTAL ASSETS | 7 | 3 | 3 | 4 | — | |
| Accounts payable | 420,038 | 1 | 1 | 197,573 | — | |
| Unearned revenue | 150,088 | 49,239 | 609,175 | — | — | |
| Accrued expenses and other payables | 547,706 | 596,714 | 1 | 994,884 | — | |
| Operating lease liabilities | 128,525 | 53,530 | 124,640 | — | — | |
| Bank loan payable | 2 | 1 | 594,906 | — | — | |
| Total current liabilities | 4 | 4 | 5 | 2 | — | |
| Operating lease liabilities | 166,436 | — | 26,449 | 31,470 | — | |
| Total noncurrent liabilities | 166,436 | — | 1 | 31,470 | — | |
| TOTAL LIABILITIES | 4 | 4 | 6 | 2 | — | |
| COMMITMENTS AND CONTINGENCIES | — | — | — | — | — | |
| Common stock, $0.001 par value, 25,000,000 shares authorized, 8,128,127 and 3,589,620 shares issued and outstanding as of June 30, 2025 and 2024 , respectively | 8,128 | 3,589 | 1,889 | 24,325 | — | |
| Additional paid-in capital | 47 | 39 | 24 | 21 | — | |
| Accumulated comprehensive income | 138,586 | 242,208 | 393,252 | 283,587 | — | |
| Accumulated deficit | −45 | −39 | −28 | −19 | −26,993 | |
| TOTAL COMPANY STOCKHOLDERS EQUITY (DEFICIT) | 3 | −236,745 | −4 | 2 | — | |
| Noncontrolling interest | −10,013 | −71,533 | −60,848 | −854,273 | — | |
| TOTAL STOCKHOLDERS EQUITY (DEFICIT) | 3 | −308,278 | −4 | 2 | — | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT) | 7 | 3 | 3 | 4 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Loss including noncontrolling interest | −5 | −11 | −10 | −7 | −5 | |
| Gain on disposal of subsidiary | — | −833,546 | — | — | — | |
| Bad debt expense | 18,855 | — | −50,421 | 284,958 | 277,639 | |
| Inventory impairment | 99,478 | — | — | — | — | |
| Depreciation and amortization | 1 | 494,480 | 701,430 | — | — | |
| Loss on disposal of fixed assets | 17,196 | 2,979 | — | — | — | |
| Operating lease expense | 136,506 | 167,969 | 620,696 | 863,691 | 809,630 | |
| Investment loss | — | 56,081 | — | — | — | |
| Loan forgiveness by shareholder | 105,356 | — | — | — | — | |
| Stock compensation expense | 2 | 7 | 4 | 642,000 | — | |
| Accounts receivable | −658,711 | −717,220 | −15,387 | −267,771 | −613 | |
| Inventory | −153,179 | 91,076 | −46,919 | −25,323 | 33,169 | |
| Value-added tax prepayment | −29,953 | −51,078 | −29,212 | 123,313 | −92,709 | |
| Prepaid expenses and other current assets | 877,711 | −810,421 | −141,545 | −224,285 | — | |
| Accounts payable | −651,887 | 597,744 | 839,735 | 26,236 | 122,641 | |
| Unearned revenue | 101,051 | −472,584 | 353,849 | — | — | |
| Accrued expenses and other payables | −45,306 | −108,736 | 523,534 | 741,328 | 222,808 | |
| Payment on operating lease liabilities | −137,777 | −177,194 | −575,156 | −836,143 | — | |
| Net cash used in operating activities | −2 | −6 | −3 | −5 | −4 | |
| Acquisition of property and equipment | −8,129 | −6,868 | −3,881 | — | — | |
| Acquisition of intangible assets | −4 | −161,054 | −80,438 | −1 | −26,148 | |
| Cash disposed due to disposal of subsidiary | — | −35 | — | — | — | |
| Net cash used in investing activities | −4 | −167,957 | −113,131 | −1 | −168,685 | |
| Proceeds from (repayment to) related parties | −203,218 | 360,804 | — | — | — | |
| Proceeds from loan payables | 2 | — | 2 | — | — | |
| Repayment of loan payables | −1 | −2 | −198,431 | −1 | — | |
| Net proceeds from issuance of common stock | 6 | 8 | — | 8 | 931,000 | |
| Net cash provided by financing activities | 7 | 7 | 3 | 6 | 2 | |
| Effect of exchange rate changes on cash | −45,948 | −111,203 | −4,484 | — | — | |
| Net increase in cash | 439,545 | 161,534 | −144,489 | 114,541 | −2 | |
| Cash paid for interest | 38,213 | 20,516 | 25,501 | — | — | |
| Cash paid for income tax | — | — | — | — | — | |
| Right-of-use assets obtained in exchange for operating lease liabilities | 356,046 | 125,280 | 241,093 | — | — | |
| Transfer of debt owing to the Companys CEO to Mr. Wanli Kuai | — | 730,163 | — | — | — | |
| Shares issued for paying officers accrued salary and bonus | 194,062 | 359,496 | — | — | — | |
| Loan forgiveness by shareholder | 546,293 | — | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is DATASEA INC.'s CIK number?
DATASEA INC.'s SEC CIK number is 0001631282 (1631282). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find DATASEA INC.'s SEC filings?
All of DATASEA INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did DATASEA INC. last report earnings?
DATASEA INC. (DTSS) most recently filed an earnings 8-K with the SEC on Jan 23, 2024, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-24-005547). This is DATASEA INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is DATASEA INC.'s most recent earnings 8-K?
DATASEA INC.'s latest earnings 8-K (Item 2.02) was filed Jan 23, 2024 under accession 0001213900-24-005547. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View DATASEA INC.'s latest earnings 8-K →
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