2023 Q4 Form 10-Q Financial Statement

#000121390023086183 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q4
Revenue $170.00 $175.00 $3.920K
YoY Change -95.66% -95.06% -11.91%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.098M $2.162M $2.336M
YoY Change -53.01% -10.63% -68.21%
% of Gross Profit
Research & Development $287.4K $380.0K $256.0K
YoY Change 12.25% 46.75%
% of Gross Profit
Depreciation & Amortization $8.250K $10.69K $60.27K
YoY Change -86.31% -82.02% 2497.84%
% of Gross Profit
Operating Expenses $1.385M $2.542M $2.592M
YoY Change -46.56% 881.76% -64.72%
Operating Profit -$2.542M
YoY Change -5.21%
Interest Expense $138.7K $177.6K $63.26K
YoY Change 119.19% 2711.56%
% of Operating Profit
Other Income/Expense, Net -$63.80K $177.6K
YoY Change 604.51%
Pretax Income -$1.354M -$2.365M -$3.534M
YoY Change -61.69% -11.0% -51.82%
Income Tax
% Of Pretax Income
Net Earnings -$1.354M -$2.365M -$3.534M
YoY Change -61.69% -11.0% -51.82%
Net Earnings / Revenue -796441.18% -1351188.57% -90160.97%
Basic Earnings Per Share -$1.13
Diluted Earnings Per Share -$0.72 -$1.13 -$0.17
COMMON SHARES
Basic Shares Outstanding 2.103M shares 20.94M shares 20.60M shares
Diluted Shares Outstanding 2.089M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.190M $7.499M $12.74M
YoY Change -51.42% -47.23% -36.93%
Cash & Equivalents $953.4K $672.1K $1.733M
Short-Term Investments $5.237M $6.827M $11.01M
Other Short-Term Assets $185.7K $277.9K $134.8K
YoY Change 37.8% 7.07% -64.25%
Inventory
Prepaid Expenses $185.7K $277.9K $134.8K
Receivables $180.00 $142.00 $384.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.376M $7.777M $12.88M
YoY Change -50.48% -46.26% -37.42%
LONG-TERM ASSETS
Property, Plant & Equipment $130.5K $108.5K $79.69K
YoY Change 63.8% 26.94% 48.35%
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00 $23.38K
YoY Change -100.0% -100.0%
Total Long-Term Assets $130.5K $198.7K $237.6K
YoY Change -45.06% -84.95% -0.18%
TOTAL ASSETS
Total Short-Term Assets $6.376M $7.777M $12.88M
Total Long-Term Assets $130.5K $198.7K $237.6K
Total Assets $6.507M $7.976M $13.11M
YoY Change -50.38% -49.49% -37.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $322.8K $390.3K $404.6K
YoY Change -20.23% 2.41% -21.75%
Accrued Expenses $83.67K $79.35K $67.34K
YoY Change 24.25% 24.61% 24.94%
Deferred Revenue $118.00 $78.00 $186.00
YoY Change -36.56% -97.98% -97.9%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $406.6K $469.7K $473.4K
YoY Change -14.13% 4.69% -18.37%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $22.85K $83.68K
YoY Change -100.0% -77.64% -44.59%
Total Long-Term Liabilities $0.00 $22.85K $83.68K
YoY Change -100.0% -77.64% -44.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $406.6K $469.7K $473.4K
Total Long-Term Liabilities $0.00 $22.85K $83.68K
Total Liabilities $406.6K $492.6K $557.1K
YoY Change -27.03% -10.58% -23.79%
SHAREHOLDERS EQUITY
Retained Earnings -$48.13M -$46.78M -$39.73M
YoY Change 21.16% 29.25% 44.0%
Common Stock $210.00 $209.00 $2.060K
YoY Change -89.81% -89.85% 5.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $398.0K $398.0K
YoY Change
Treasury Stock Shares
Shareholders Equity $6.100M $7.483M $12.56M
YoY Change
Total Liabilities & Shareholders Equity $6.507M $7.976M $13.11M
YoY Change -50.38% -49.49% -37.0%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q4
OPERATING ACTIVITIES
Net Income -$1.354M -$2.365M -$3.534M
YoY Change -61.69% -11.0% -51.82%
Depreciation, Depletion And Amortization $8.250K $10.69K $60.27K
YoY Change -86.31% -82.02% 2497.84%
Cash From Operating Activities -$1.370M -$1.980M -$1.531M
YoY Change -10.54% -2.65% -74.21%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $19.49K -$233.2K
YoY Change -100.0% -203.23% 316.2%
Acquisitions
YoY Change
Other Investing Activities $1.664M $1.596M -$3.200M
YoY Change -152.0% -607.08%
Cash From Investing Activities $1.664M $1.587M -$2.967M
YoY Change -156.08% -575.54% 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 0.000 1.720K 1.310K
YoY Change -100.0% -99.65%
NET CHANGE
Cash From Operating Activities -1.370M -1.980M -1.531M
Cash From Investing Activities 1.664M 1.587M -2.967M
Cash From Financing Activities 0.000 1.720K 1.310K
Net Change In Cash 294.3K -390.9K -4.497M
YoY Change -106.54% -83.49% -19.92%
FREE CASH FLOW
Cash From Operating Activities -$1.370M -$1.980M -$1.531M
Capital Expenditures $0.00 $19.49K -$233.2K
Free Cash Flow -$1.370M -$1.999M -$1.298M
YoY Change 5.53% -0.77% -77.93%

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CY2022Q3 dats Stock Based Compensation In Connection With Stock Option Grants
StockBasedCompensationInConnectionWithStockOptionGrants
787585 usd
CY2022Q3 dats Stockbased Professional Fees In Connection With Stock Option Grants And Shares
StockbasedProfessionalFeesInConnectionWithStockOptionGrantsAndShares
51204 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-2656705 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
15240879 usd
us-gaap Net Income Loss
NetIncomeLoss
-7051024 usd
us-gaap Net Income Loss
NetIncomeLoss
-8604263 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20687 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
67227 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
44272 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
36426 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1979794 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2382364 usd
dats Stockbased Professional Fees
StockbasedProfessionalFees
204041 usd
dats Stockbased Professional Fees
StockbasedProfessionalFees
288764 usd
dats Gain From Initial Consolidation Of Variable Interest Entities
GainFromInitialConsolidationOfVariableInterestEntities
106538 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
23381 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
91204 usd
us-gaap Noncash Contribution Expense
NoncashContributionExpense
13831 usd
us-gaap Other Noncash Income
OtherNoncashIncome
36394 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
239382 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
9702 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-47672 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
7113 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-242 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-86 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-42000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
61456 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-117396 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-14283 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-23386 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-108 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-4997 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-48808 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-39027 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5159510 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5727584 usd
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
9845000 usd
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
6430000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
5363163 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
14394340 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
49485 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
44475 usd
dats Increase In Cash From Consolidation Of Variable Interest Entities
IncreaseInCashFromConsolidationOfVariableInterestEntities
64538 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
233245 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4496890 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8242060 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-203 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1315 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
1000 usd
dats Paymentsto Treasury Stock
PaymentstoTreasuryStock
397969 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-398284 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-203 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1060904 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-13969847 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1732956 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20199735 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
672086 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6229888 usd
dats Intangible Assets Used To Pay Accounts Payable
IntangibleAssetsUsedToPayAccountsPayable
112500 usd
us-gaap Stock Issued1
StockIssued1
100000 usd
dats Issuance Of Common Shares For Intangible Assets
IssuanceOfCommonSharesForIntangibleAssets
1090000 usd
CY2023Q1 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
800 usd
CY2023Q1 dats Percentage Of Share Issued And Outstanding
PercentageOfShareIssuedAndOutstanding
0.40 pure
CY2022Q2 dats Number Of Acquisition Share
NumberOfAcquisitionShare
100000 shares
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Variable Interest Entity Initial Consolidation Gain Or Loss
VariableInterestEntityInitialConsolidationGainOrLoss
106538 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
7051024 usd
CY2023Q3 us-gaap Cash Including Discontinued Operations
CashIncludingDiscontinuedOperations
5159510 usd
CY2023Q3 dats Accumulated Deficit For The Period
AccumulatedDeficitForThePeriod
46780142 usd
CY2023Q3 us-gaap Capital
Capital
7307166 usd
CY2023Q3 us-gaap Investments And Cash
InvestmentsAndCash
672086 usd
CY2023Q3 us-gaap Short Term Investments
ShortTermInvestments
6826759 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration:underline">Use of estimates</span></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the 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 consolidated financial statements and during the reporting period. Actual results could materially differ from these estimates. Significant estimates include 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 lease liabilities and related right of use assets, the valuation of short-term investments, the valuation of deferred tax assets, and the fair value of non-cash equity transactions.</span></p>
CY2023Q3 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-88681 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
108889 usd
dats Advertising Costs
AdvertisingCosts
645825 usd
CY2023Q3 us-gaap Revenues
Revenues
175 usd
CY2022Q3 us-gaap Revenues
Revenues
3540 usd
us-gaap Revenues
Revenues
501 usd
us-gaap Revenues
Revenues
42296 usd
CY2023Q3 dats Related Party Amount
RelatedPartyAmount
380017 usd
CY2022Q3 dats Related Party Amount
RelatedPartyAmount
258957 usd
dats Related Party Amount
RelatedPartyAmount
1064049 usd
dats Related Party Amount
RelatedPartyAmount
258957 usd
CY2023Q3 dats Advertising Costs
AdvertisingCosts
219008 usd
CY2022Q3 dats Advertising Costs
AdvertisingCosts
65181 usd
dats Advertising Costs
AdvertisingCosts
379410 usd
dats Largest Amount Of Tax Benefit
LargestAmountOfTaxBenefit
0.50 pure
CY2023Q3 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
6717870 usd
dats Unrealized Gains Loss On Investments
UnrealizedGainsLossOnInvestments
108889 usd
CY2023Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
6826759 usd
dats Assets And Liability Description
AssetsAndLiabilityDescription
Foreign currency translationThe reporting currency of the Company is the U.S. dollar. Except for Metabizz SAS, the functional currency of the Company is the U.S. dollar. The functional currency of the Company’s VIE, Metabizz SAS, is the Columbian Peso (“COP”). For Metabizz SAS, results of operations and cash flows are translated at average exchange rates during the period, assets and liabilities are translated at the unified exchange rate at the end of the period, and equity is translated at historical exchange rates. As a result, amounts relating to assets and liabilities reported on the statements of cash flows may not necessarily agree with the changes in the corresponding balances on the balance sheets. Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in determining comprehensive loss. The cumulative translation adjustment and effect of exchange rate changes on cash for the nine months ended September 30, 2023 was $34. Transactions denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing on the transaction dates. Assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing at the balance sheet date with any transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency included in the results of operations as incurred.For Metabizz SAS, which is located in Columbia, asset and liability accounts on September 30, 2023 were translated at 0.000245 COP to $1.00, which was the exchange rate on the balance sheet date, and results of operations and cash flows are translated at the average exchange rates during the period of 0.000229 COP to $1.00.
CY2023Q3 us-gaap Cash Held In Foreign Currency
CashHeldInForeignCurrency
34 usd
dats Common Stock Warrants
CommonStockWarrants
67385 shares
dats Common Stock Warrants
CommonStockWarrants
67385 shares
dats Common Stock Options
CommonStockOptions
166420 shares
dats Common Stock Options
CommonStockOptions
161420 shares
dats Commonstockequivalents
Commonstockequivalents
233805 shares
dats Commonstockequivalents
Commonstockequivalents
228805 shares
CY2022Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
10960325 usd
CY2022 dats Unrealized Gains Loss On Investments
UnrealizedGainsLossOnInvestments
47672 usd
CY2022Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
11007997 usd
CY2019Q1 dats Operating Lease Monthly Base Rent
OperatingLeaseMonthlyBaseRent
2567 usd
CY2022Q4 dats Operating Lease New Monthly Base Rent
OperatingLeaseNewMonthlyBaseRent
7156 usd
CY2023Q3 dats Annual Increase Percentage In Lease Agreement
AnnualIncreasePercentageInLeaseAgreement
0.03 pure
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
68215 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
70816 usd
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
198898 usd
CY2021Q3 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P15M
CY2021Q3 us-gaap Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
0.18 pure
CY2023Q3 dats Rightof Use Office Lease
RightofUseOfficeLease
198898 usd
CY2022Q4 dats Rightof Use Office Lease
RightofUseOfficeLease
198898 usd
CY2023Q3 dats Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
108644 usd
CY2022Q4 dats Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
64372 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
90254 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
134526 usd
CY2023Q3 dats Rightof Use Office Lease
RightofUseOfficeLease
198898 usd
CY2022Q4 dats Rightof Use Office Lease
RightofUseOfficeLease
198898 usd
CY2023Q3 dats Reduction Of Lease Liability
ReductionOfLeaseLiability
-96693 usd
CY2022Q4 dats Reduction Of Lease Liability
ReductionOfLeaseLiability
-47885 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
102205 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
151013 usd
CY2023Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
79354 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
67338 usd
CY2023Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
22851 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
83675 usd
CY2023Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
91415 usd
CY2023Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
23540 usd
CY2023Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
114955 usd
CY2023Q3 dats Operating Leases Future Minimum Payments Value Discount
OperatingLeasesFutureMinimumPaymentsValueDiscount
12750 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
102205 usd
CY2022Q2 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
100000 shares
CY2022Q2 dats Acquisition Share Value
AcquisitionShareValue
1090000 usd
CY2022Q2 dats Business Acquisitions Share Price
BusinessAcquisitionsSharePrice
10.9
CY2022Q2 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P5Y
CY2022Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
1090000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
109000 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
981000 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
981000 usd
CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
0 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1315 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
1315 usd
CY2022Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
185600 usd
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q3 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
38000000 shares
CY2021Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
200000 shares
us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
In August 2016, the Company designated 1.00 share of Series A Preferred Stock, par value $0.0001 per share (the “Series A Preferred Stock”), which 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.
us-gaap Preferred Stock Voting Rights
PreferredStockVotingRights
10
CY2023Q3 us-gaap Preferred Stock Redemption Amount
PreferredStockRedemptionAmount
10 usd
CY2023Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2000000 usd
CY2021Q1 dats Common Stock Shares Consideration
CommonStockSharesConsideration
10000 shares
CY2021Q1 dats Common Share Fair Values
CommonShareFairValues
400000 usd
CY2021Q1 dats Common Share Fair Value
CommonShareFairValue
40
dats Stock Based Consulting Fees
StockBasedConsultingFees
50000 usd
CY2023Q1 dats Restricted Common Shares Issued
RestrictedCommonSharesIssued
14300 shares
CY2023Q1 dats Common Share Fair Values
CommonShareFairValues
100000 usd
CY2023Q1 dats Common Share Fair Value
CommonShareFairValue
6.99
CY2022Q1 dats Stock Option Exercisable Term
StockOptionExercisableTerm
P5Y
CY2022Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
40
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
32500 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
40
dats Stock Options At Fair Value
StockOptionsAtFairValue
751681 usd
CY2023Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P5Y
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
21500 shares
CY2023Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P2Y
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
10000 shares
CY2023Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P5Y
CY2023Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
15
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
185628 usd
us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
4.76
us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
33000 shares
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
133190 usd
us-gaap Professional Fees
ProfessionalFees
25525 usd
dats Remaining Balance Of Stock Based Consulting
RemainingBalanceOfStockBasedConsulting
2065555 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
2621129 usd
dats Stock Issued During Period Shares Issued For Service
StockIssuedDuringPeriodSharesIssuedForService
147844 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P0Y6M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
CY2023Q3 dats Aggregate Intrinsic Value Stock Options Outstanding
AggregateIntrinsicValueStockOptionsOutstanding
0 usd
CY2022Q4 dats Share Based Compensation Warrants Outstanding Number
ShareBasedCompensationWarrantsOutstandingNumber
67385 shares
CY2022Q4 dats Shares Based Compensation Warrants Outstanding Weighted Average Exercise Price
SharesBasedCompensationWarrantsOutstandingWeightedAverageExercisePrice
49.8
CY2023Q3 dats Sharebased Outstanding Stock Warrants Weighted Average Remaining Contractual Term
SharebasedOutstandingStockWarrantsWeightedAverageRemainingContractualTerm
P3Y7M24D
CY2023Q3 dats Share Based Compensation Warrants Outstanding Number
ShareBasedCompensationWarrantsOutstandingNumber
67385 shares
CY2023Q3 dats Shares Based Compensation Warrants Outstanding Weighted Average Exercise Price
SharesBasedCompensationWarrantsOutstandingWeightedAverageExercisePrice
49.8
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y10M24D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
67385 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
49.8
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y10M24D
CY2023Q3 dats Aggregate Intrinsic Value Stock Warrants Outstanding
AggregateIntrinsicValueStockWarrantsOutstanding
0 usd
CY2021Q3 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
450000 usd
CY2021Q3 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
350000 usd
CY2023Q3 dats Digital Currencies And Other Digital Assets
DigitalCurrenciesAndOtherDigitalAssets
usd
CY2023Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q3 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
usd
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
shares
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
usd
CY2022Q3 us-gaap Variable Interest Entity Initial Consolidation Gain Or Loss
VariableInterestEntityInitialConsolidationGainOrLoss
usd
us-gaap Variable Interest Entity Initial Consolidation Gain Or Loss
VariableInterestEntityInitialConsolidationGainOrLoss
usd
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
usd
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.13
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1993808 shares
CY2023Q1 dats Common Stocks Amount Rounding
CommonStocksAmountRounding
usd
CY2023Q3 dats Common Stocks Amount Rounding
CommonStocksAmountRounding
usd
dats Gain From Initial Consolidation Of Variable Interest Entities
GainFromInitialConsolidationOfVariableInterestEntities
usd
us-gaap Noncash Contribution Expense
NoncashContributionExpense
usd
us-gaap Other Noncash Income
OtherNoncashIncome
usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
usd
dats Increase In Cash From Consolidation Of Variable Interest Entities
IncreaseInCashFromConsolidationOfVariableInterestEntities
usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
usd
dats Paymentsto Treasury Stock
PaymentstoTreasuryStock
usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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
us-gaap Stock Issued1
StockIssued1
usd
dats Issuance Of Common Shares For Intangible Assets
IssuanceOfCommonSharesForIntangibleAssets
usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
dats Weighted Average Remaining Contractual Life Years Granted
WeightedAverageRemainingContractualLifeYearsGranted
dei Amendment Flag
AmendmentFlag
false
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

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dats-20230930_cal.xml Edgar Link unprocessable
dats-20230930_def.xml Edgar Link unprocessable
dats-20230930_lab.xml Edgar Link unprocessable
0001213900-23-086183-index-headers.html Edgar Link pending
0001213900-23-086183-index.html Edgar Link pending
0001213900-23-086183.txt Edgar Link pending
0001213900-23-086183-xbrl.zip Edgar Link pending
dats-20230930.xsd Edgar Link pending
ex3-1_001.jpg Edgar Link pending
ex3-1_002.jpg Edgar Link pending
f10q0923ex3-1_datchat.htm Edgar Link pending
f10q0923ex31-1_datchat.htm Edgar Link pending
f10q0923ex31-2_datchat.htm Edgar Link pending
f10q0923ex32-1_datchat.htm Edgar Link pending
f10q0923ex32-2_datchat.htm Edgar Link pending
f10q0923ex4-1_datchat.htm Edgar Link pending
f10q0923_datchat.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
f10q0923_datchat_htm.xml Edgar Link completed
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report.css Edgar Link pending
Show.js Edgar Link pending
dats-20230930_pre.xml Edgar Link unprocessable