DATASEA INC.

Listed Company

DTSSCIK 0001631282NasdaqNon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareNevadaFY ends Jun 30

Period

FY 2025

Revenue

$71.62M

Net Income

$-5.09M

Total Assets

$6.74M

Equity

$2.95M

Shares Out

10.45M

Op. Cash Flow

$-2.37M

Business

DATASEA INC. is a technology company that develops and commercializes acoustic high‑tech and AI multimodal digitalization technologies for industry and consumer applications. It offers acoustic hardware and solutions (including ultrasonic disinfection and purification devices, sleep‑aid and medical beauty equipment, and industrial and agricultural ultrasonic systems) as well as AI multimodal platform services, technology licensing and customized system solutions. The company operates through two core segments—Acoustic High‑Tech and AI Multimodal Digitalization—supporting R&D, productization and solution delivery. Its operations are primarily conducted in China with U.S. distribution and patent activities through a Delaware subsidiary, and it distributes via enterprise contracts, channel partners, live‑streaming e‑commerce and retail/service locations such as beauty and health salons.

Summary from filing dated 2025-09-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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	—	—	—	—

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