2022 Q4 Form 10-Q Financial Statement

#000121390022072079 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $3.920K $3.540K $0.00
YoY Change -11.91%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.336M $2.419M $1.855M
YoY Change -68.21% 30.45% 487.36%
% of Gross Profit
Research & Development $256.0K $259.0K
YoY Change
% of Gross Profit
Depreciation & Amortization $60.27K $59.46K
YoY Change 2497.84%
% of Gross Profit
Operating Expenses $2.592M $259.0K $1.851M
YoY Change -64.72% -86.01% 486.29%
Operating Profit -$2.682M -$1.851M
YoY Change 44.86%
Interest Expense $63.26K $950.00
YoY Change 2711.56% -106.75%
% of Operating Profit
Other Income/Expense, Net $25.21K $0.00
YoY Change
Pretax Income -$3.534M -$2.657M -$1.850M
YoY Change -51.82% 43.58% 460.99%
Income Tax
% Of Pretax Income
Net Earnings -$3.534M -$2.657M -$1.850M
YoY Change -51.82% 43.58% 460.99%
Net Earnings / Revenue -90160.97% -75048.16%
Basic Earnings Per Share -$0.13 -$0.12
Diluted Earnings Per Share -$0.17 -$0.13 -$120.7K
COMMON SHARES
Basic Shares Outstanding 20.60M shares 20.60M shares 15.33M shares
Diluted Shares Outstanding 20.60M shares 15.33M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.74M $14.21M $25.82M
YoY Change -36.93% -44.95%
Cash & Equivalents $1.733M $6.230M $25.82M
Short-Term Investments $11.01M $7.981M
Other Short-Term Assets $134.8K $259.6K $225.9K
YoY Change -64.25% 14.9%
Inventory
Prepaid Expenses $134.8K
Receivables $384.00 $192.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $12.88M $14.47M $26.04M
YoY Change -37.42% -44.43%
LONG-TERM ASSETS
Property, Plant & Equipment $79.69K $85.47K $7.650K
YoY Change 48.35% 1017.23%
Goodwill
YoY Change
Intangibles $0.00 $1.036M
YoY Change
Long-Term Investments
YoY Change
Other Assets $23.38K $52.10K
YoY Change
Total Long-Term Assets $237.6K $1.321M $7.640K
YoY Change -0.18% 17189.99%
TOTAL ASSETS
Total Short-Term Assets $12.88M $14.47M $26.04M
Total Long-Term Assets $237.6K $1.321M $7.640K
Total Assets $13.11M $15.79M $26.05M
YoY Change -37.0% -39.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $404.6K $381.2K $265.5K
YoY Change -21.75% 43.54%
Accrued Expenses $67.34K $63.68K $7.650K
YoY Change 24.94% 732.42%
Deferred Revenue $186.00 $3.853K
YoY Change -97.9%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.040K
YoY Change
Total Short-Term Liabilities $473.4K $448.7K $279.8K
YoY Change -18.37% 60.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $83.68K $102.2K
YoY Change -44.59%
Total Long-Term Liabilities $83.68K $102.2K $0.00
YoY Change -44.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $473.4K $448.7K $279.8K
Total Long-Term Liabilities $83.68K $102.2K $0.00
Total Liabilities $557.1K $550.9K $279.8K
YoY Change -23.79% 96.91%
SHAREHOLDERS EQUITY
Retained Earnings -$39.73M -$36.19M
YoY Change 44.0%
Common Stock $2.060K $2.060K
YoY Change 5.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.56M $15.24M $25.77M
YoY Change
Total Liabilities & Shareholders Equity $13.11M $15.79M $26.05M
YoY Change -37.0% -39.38%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$3.534M -$2.657M -$1.850M
YoY Change -51.82% 43.58% 460.99%
Depreciation, Depletion And Amortization $60.27K $59.46K
YoY Change 2497.84%
Cash From Operating Activities -$1.531M -$2.033M -$1.348M
YoY Change -74.21% 50.82% 168.6%
INVESTING ACTIVITIES
Capital Expenditures -$233.2K -$18.88K
YoY Change 316.2%
Acquisitions
YoY Change
Other Investing Activities -$3.200M -$314.8K
YoY Change
Cash From Investing Activities -$2.967M -$333.7K
YoY Change 5194.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.310K 0.000 26.06M
YoY Change -99.65% -100.0% 2408.32%
NET CHANGE
Cash From Operating Activities -1.531M -2.033M -1.348M
Cash From Investing Activities -2.967M -333.7K
Cash From Financing Activities 1.310K 0.000 26.06M
Net Change In Cash -4.497M -2.367M 24.71M
YoY Change -19.92% -109.58% 4501.42%
FREE CASH FLOW
Cash From Operating Activities -$1.531M -$2.033M -$1.348M
Capital Expenditures -$233.2K -$18.88K
Free Cash Flow -$1.298M -$2.014M
YoY Change -77.93%

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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2518058 usd
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
6430000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
14394340 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
44475 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
233245 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8242060 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
161567 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-203 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-161229 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
7500 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
13979370 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
13671074 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-203 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
27643282 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13969847 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
25125224 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20199735 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
690423 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6229888 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25815647 usd
dats Intangible Assets Used To Pay Accounts Payable
IntangibleAssetsUsedToPayAccountsPayable
112500 usd
dats Common Stock Issued For Future Services
CommonStockIssuedForFutureServices
250000 usd
dats Subscription Receivable From Exercise Of Series A Warrants
SubscriptionReceivableFromExerciseOfSeriesAWarrants
234543 usd
dats Issuance Of Common Shares For Intangible Assets
IssuanceOfCommonSharesForIntangibleAssets
1090000 usd
CY2022Q2 dats Number Of Acquisition Share
NumberOfAcquisitionShare
1000000 shares
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
8604263 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
3492929 usd
CY2022Q3 us-gaap Cash Including Discontinued Operations
CashIncludingDiscontinuedOperations
5727584 usd
CY2021Q3 us-gaap Cash Including Discontinued Operations
CashIncludingDiscontinuedOperations
2518058 usd
CY2022Q3 dats Accumulated Deficit For The Period
AccumulatedDeficitForThePeriod
36194809 usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
13700000 usd
CY2021 dats Gross Proceeds Of Ipo
GrossProceedsOfIPO
14400000 usd
dats Working Capitals
WorkingCapitals
14022128 usd
dats Subscription Revenues
SubscriptionRevenues
5902 usd
dats Nft Revenues
NFTRevenues
36394 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><span style="text-decoration:underline">Use of estimates</span></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses, and the related disclosures at the date of the financial statements and during the reporting period. Actual results could materially differ from these estimates. Significant estimates include the useful life of property and equipment and intangible assets, assumptions used in assessing impairment of long-term assets, the valuation of intangible assets, the valuation of digital currencies and other digital assets, the valuation of deferred tax assets, the estimate of the fair value lease liability and related right of use asset, and the fair value of non-cash equity transactions.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q3 dats Net Realized Investment Gains
NetRealizedInvestmentGains
9702 usd
dats Net Realized Investment Gains
NetRealizedInvestmentGains
9702 usd
dats Unrealized Investment
UnrealizedInvestment
10844 usd
CY2022Q3 dats Unrealized Investment
UnrealizedInvestment
7113 usd
CY2022Q3 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
3540 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
42296 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
218000 usd
us-gaap Related Party Costs
RelatedPartyCosts
258957 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
usd
CY2022Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
7026 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
91204 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
218000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
163500 usd
CY2022Q3 dats Subscription Revenues
SubscriptionRevenues
3540 usd
CY2022Q3 us-gaap Related Party Costs
RelatedPartyCosts
258957 usd
CY2022Q3 us-gaap Advertising Expense
AdvertisingExpense
65181 usd
CY2021Q3 us-gaap Advertising Expense
AdvertisingExpense
286869 usd
us-gaap Advertising Expense
AdvertisingExpense
645825 usd
us-gaap Advertising Expense
AdvertisingExpense
439298 usd
CY2022Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1035500 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
usd
dei Amendment Flag
AmendmentFlag
false
dats Largest Amount Of Tax Benefit
LargestAmountOfTaxBenefit
0.50 pure
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
102204 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
151012 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
89193 usd
us-gaap Interest Expense
InterestExpense
usd
dats Common Stock Warrants
CommonStockWarrants
673841 shares
dats Common Stock Warrants
CommonStockWarrants
764927 shares
dats Common Stock Options
CommonStockOptions
1614200 shares
dats Common Stock Options
CommonStockOptions
1184200 shares
dats Commonstockequivalents
Commonstockequivalents
2288041 shares
dats Commonstockequivalents
Commonstockequivalents
1949127 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><span style="text-decoration:underline">Reclassification</span></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain reclassifications have been made in the unaudited condensed consolidated financial statements to conform to the current year presentation. Such reclassifications had no impact on the Company’ previously reported consolidated financial position or results of operations. Specifically, on the unaudited condensed consolidated statements of operations, certain operating expenses that were classified as general and administrative expenses were reclassified to professional and consulting fees.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
us-gaap Short Term Lease Cost
ShortTermLeaseCost
7974042 usd
dats Unrealized Gains Loss On Investments
UnrealizedGainsLossOnInvestments
7113 usd
CY2022Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
7981155 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
22113 usd
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
2567 usd
CY2021Q4 dats Expired Term
ExpiredTerm
2024-12-31
CY2021Q4 us-gaap Advance Rent
AdvanceRent
7156 usd
CY2022Q3 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.03 pure
CY2022Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
25285 usd
CY2021Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
17920 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
70816 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
49500 usd
CY2021Q3 dats Operating Lease Rightof Use Asset And Liabilities
OperatingLeaseRightofUseAssetAndLiabilities
198898 usd
CY2021Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P3Y
CY2021 us-gaap Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
0.18 pure
CY2022Q3 dats Office Lease
OfficeLease
198898 usd
CY2021Q4 dats Office Lease
OfficeLease
271507 usd
CY2022Q3 dats Accumulated Amortizations
AccumulatedAmortizations
-51015 usd
CY2021Q4 dats Accumulated Amortizations
AccumulatedAmortizations
-87198 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
147883 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
184309 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
218000 usd
CY2022Q3 dats Office Leases
OfficeLeases
204909 usd
CY2021Q4 dats Office Leases
OfficeLeases
271507 usd
CY2022Q3 dats Reduction Of Lease Liability
ReductionOfLeaseLiability
39027 usd
CY2021Q4 dats Reduction Of Lease Liability
ReductionOfLeaseLiability
66598 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
165882 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
204909 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
63678 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
53897 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
92100 usd
CY2022Q3 dats Operating Leases Future Minimum Payment Due
OperatingLeasesFutureMinimumPaymentDue
203406 usd
CY2022Q3 dats Present Value Discount
PresentValueDiscount
-37524 usd
CY2022Q3 dats Total Operating Lease Liability
TotalOperatingLeaseLiability
165882 usd
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1090000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-54500 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1035500 usd
CY2022Q2 dats Acquisition Share Value
AcquisitionShareValue
1090000 usd
CY2022Q2 dats Share Prices
SharePrices
1.09
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
54500 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
54500 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
218000 usd
CY2022Q3 us-gaap Other Long Term Notes Payable
OtherLongTermNotesPayable
0 usd
CY2021Q4 us-gaap Other Long Term Notes Payable
OtherLongTermNotesPayable
203 usd
dats Working Capital
WorkingCapital
0 usd
dats Working Capital
WorkingCapital
161567 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
203 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
161229 usd
CY2022Q3 us-gaap Payments For Software
PaymentsForSoftware
258957 usd
us-gaap Payments For Software
PaymentsForSoftware
258957 usd
CY2022Q3 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
200000000 shares
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
180000000 shares
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2021Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On July 28, 2021, the Company filed a certificate of change to the Company’s amended and restated certificate of incorporation, with the Secretary of State of the State of Nevada, to effectuate a one-for-two (1:2) reverse stock split of the Company’s common stock.
CY2021Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
2000000 shares
CY2016Q3 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
In August 2016, the Company designated 1 share of Series A Preferred Stock, par value $0.0001 per share (the “Series A Preferred Stock”) and has a stated value equal to $1.00 as may be adjusted for any stock dividends, combinations or splits. Each one (1) share of the Series A Preferred Stock shall have voting rights equal to (x) the total issued and outstanding Common Stock eligible to vote at the time of the respective vote divided by (y) forty-nine one hundredths (0.49) minus (z) the total issued and outstanding Common Stock eligible to vote at the time of the respective vote.
dats Sale Leaseback Transaction Net Proceeds Financing Activities1
SaleLeasebackTransactionNetProceedsFinancingActivities1
1588237 usd
CY2021Q3 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
13800000 usd
CY2021Q3 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
1718000 usd
CY2021Q3 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
12082837 usd
CY2022Q3 us-gaap Loans Held For Sale Term
LoansHeldForSaleTerm
P5Y
us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
4.98
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares To Be Repurchased Next Year
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesToBeRepurchasedNextYear
231325 shares
us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
0.08 pure
CY2022Q3 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Other Share Increase Decrease In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsOtherShareIncreaseDecreaseInPeriodWeightedAverageExercisePrice
4.98
CY2021Q1 dats Stock Issued During Period Share Issued For Services
StockIssuedDuringPeriodShareIssuedForServices
105000 shares
CY2021Q1 dats Common Share Fair Values
CommonShareFairValues
420000 usd
CY2021Q1 dats Per Share Based On Sales
PerShareBasedOnSales
4
CY2021Q1 dats Aggreement Issued Shares
AggreementIssuedShares
100000 shares
CY2021Q1 dats Common Share Fair Values
CommonShareFairValues
400000 usd
CY2021Q1 dats Per Share Based On Sales
PerShareBasedOnSales
4
dats Remaining Balance Of Stock Based Consulting
RemainingBalanceOfStockBasedConsulting
50000 usd
dats Remaining Balance Of Stock Based Consulting
RemainingBalanceOfStockBasedConsulting
250000 usd
dats Number Of Restricted Shares
NumberOfRestrictedShares
1000000 shares
CY2022Q3 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
1090000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
62500 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue
0.4
CY2021Q4 dats Additional Shares Issued Description
AdditionalSharesIssuedDescription
On December 26, 2021 and effective January 10, 2022, the Company approved the grant of 150,000 options to purchase the Company’s common stock to a newly hired employee of the Company.
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
0.25 pure
CY2022Q3 dats Granted Aggregate Options Shares
GrantedAggregateOptionsShares
325000 shares
CY2022Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P5Y
CY2022Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
4
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
0.25 pure
dats Expected Dividend Yield Percentage
ExpectedDividendYieldPercentage
0 pure
dats Expected Option Term Year
ExpectedOptionTermYear
P3Y
us-gaap Professional Fees
ProfessionalFees
2382364 usd
us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
238764 usd
dats Stock Issued During Period Shares Issued For Service
StockIssuedDuringPeriodSharesIssuedForService
3382372 usd
dats Weighted Average Period
WeightedAveragePeriod
P1Y3M18D
CY2021Q4 dats Number Of Warrants Outstanding
NumberOfWarrantsOutstanding
1054200 shares
CY2021Q4 dats Shares Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
14.66
dats Weighted Average Remaining Contractual Life Years
WeightedAverageRemainingContractualLifeYears
P4Y7M20D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
560000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
4
dats Weighted Average Remaining Contractual Life Years Granted
WeightedAverageRemainingContractualLifeYearsGranted
P5Y
CY2022Q3 dats Number Of Warrants Outstanding
NumberOfWarrantsOutstanding
1614200 shares
CY2022Q3 dats Shares Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.96
dats Weighted Average Remaining Contractual Life Years Ending Balance
WeightedAverageRemainingContractualLifeYearsEndingBalance
P4Y1M17D
dats Number Of Options Options Exercisable At End Of Period
NumberOfOptionsOptionsExercisableAtEndOfPeriod
731200 shares
dats Average Exercise Price Options Exercisable At End Of Period
AverageExercisePriceOptionsExercisableAtEndOfPeriod
11.73
dats Weighted Average Remaining Contractual Life Years Options Exercisable At End Of Period
WeightedAverageRemainingContractualLifeYearsOptionsExercisableAtEndOfPeriod
P3Y10M20D
dats Number Of Options Options Expected To Vest
NumberOfOptionsOptionsExpectedToVest
883000 shares
dats Average Exercise Price Options Expected To Vest
AverageExercisePriceOptionsExpectedToVest
8.86
dats Average Exercise Price Weighted Average Fair Value Of Options Granted During The Period
AverageExercisePriceWeightedAverageFairValueOfOptionsGrantedDuringThePeriod
1.34
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
0 usd
CY2021Q3 dats Salary Will Increase
SalaryWillIncrease
450000 usd
CY2021Q3 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
350000 usd
dats Nft Revenues
NFTRevenues
usd
dats Employment Agreement Description
EmploymentAgreementDescription
The Employment Agreement provides for a term of one (1) year (the “Initial Term”) from the date of the Effective Date and shall automatically be extended for additional terms of one (1) year each (each a “Renewal Term”) unless either party gives prior written notice of non-renewal to the other party no later than six (6) months prior to the expiration of the Initial Term, or the then current Renewal Term, as the case may be.
CY2021Q3 dats Annual Bonus
AnnualBonus
200000 usd
CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
usd
CY2021Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
usd
CY2021Q3 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
usd
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.25
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13897405 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15334115 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19938078 shares
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
usd
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
usd
CY2021Q2 dats Fractional Shares Due To Reverse Split
FractionalSharesDueToReverseSplit
usd
us-gaap Depreciation
Depreciation
usd
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
usd
dats Noncash Digital Currency And Other Digital Assets Fees
NoncashDigitalCurrencyAndOtherDigitalAssetsFees
usd
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
usd
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
dats Intangible Assets Used To Pay Accounts Payable
IntangibleAssetsUsedToPayAccountsPayable
usd
dats Common Stock Issued For Future Services
CommonStockIssuedForFutureServices
usd
dats Subscription Receivable From Exercise Of Series A Warrants
SubscriptionReceivableFromExerciseOfSeriesAWarrants
usd
dats Issuance Of Common Shares For Intangible Assets
IssuanceOfCommonSharesForIntangibleAssets
usd
CY2021Q3 dats Subscription Revenues
SubscriptionRevenues
usd
dats Subscription Revenues
SubscriptionRevenues
usd
CY2022Q3 dats Nft Revenues
NFTRevenues
usd
CY2021Q3 dats Nft Revenues
NFTRevenues
usd
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001648960

Files In Submission

Name View Source Status
0001213900-22-072079-index-headers.html Edgar Link pending
0001213900-22-072079-index.html Edgar Link pending
0001213900-22-072079.txt Edgar Link pending
0001213900-22-072079-xbrl.zip Edgar Link pending
dats-20220930.xsd Edgar Link pending
f10q0922ex31-1_datchat.htm Edgar Link pending
f10q0922ex31-2_datchat.htm Edgar Link pending
f10q0922ex32-1_datchat.htm Edgar Link pending
f10q0922ex32-2_datchat.htm Edgar Link pending
f10q0922_datchatinc.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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R4.htm Edgar Link pending
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R6.htm Edgar Link pending
dats-20220930_def.xml Edgar Link unprocessable
dats-20220930_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
dats-20220930_pre.xml Edgar Link unprocessable
f10q0922_datchatinc_htm.xml Edgar Link completed
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
dats-20220930_cal.xml Edgar Link unprocessable