0001493152-21-011396.txt : 20210514 0001493152-21-011396.hdr.sgml : 20210514 20210514072809 ACCESSION NUMBER: 0001493152-21-011396 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 76 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210514 DATE AS OF CHANGE: 20210514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DSwiss Inc CENTRAL INDEX KEY: 0001652561 STANDARD INDUSTRIAL CLASSIFICATION: PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844] IRS NUMBER: 474215595 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-208083 FILM NUMBER: 21921936 BUSINESS ADDRESS: STREET 1: UNIT 18-11, 18-12 & 18-01, TOWER A, STREET 2: VERTICAL BUSINESS SUITE, BANGSAR SOUTH, CITY: KUALA LUMPUR STATE: N8 ZIP: 59200 BUSINESS PHONE: (603)2770-4032 MAIL ADDRESS: STREET 1: UNIT 18-11, 18-12 & 18-01, TOWER A, STREET 2: VERTICAL BUSINESS SUITE, BANGSAR SOUTH, CITY: KUALA LUMPUR STATE: N8 ZIP: 59200 10-Q 1 form10q.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For The Quarterly Period Ended March 31, 2021

 

or

 

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from _______________to _______________

 

Commission File Number 333-208083

 

DSwiss, Inc.

(Exact name of registrant issuer as specified in its charter)

 

Nevada   47-4215595
(State or other jurisdiction   (I.R.S. Employer
of incorporation or organization)   Identification No.)

 

Unit 18-11, 18-12 & 18-01, Tower A, Vertical Business Suite,

Avenue 3, Bangsar South, No.8 Jalan Kerinchi, 59200, Kuala Lumpur, Malaysia

(Address of principal executive offices, including zip code)

 

Registrant’s phone number, including area code (603) 2770-4032

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class:   Trading Symbol(s)   Name of each exchange on which registered:
Common Stock   DQWS   The OTC Market – Pink Sheets

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

YES [X] NO [  ]

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding twelve months (or shorter period that the registrant was required to submit and post such files).

YES [  ] NO [X]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large Accelerated Filer [  ] Accelerated Filer [  ] Non-accelerated Filer [  ] Smaller reporting company [X]

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [  ] No [X]

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

 

Class   Outstanding at May 14, 2021
Common Stock, $.0001 par value   206,904,600

 

 

 

 

 

 

TABLE OF CONTENTS

 

    Page
PART I FINANCIAL INFORMATION  
ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:  
  Condensed Consolidated Balance Sheets as of March 31, 2021 and December 31, 2020 F-2
  Condensed Consolidated Statements of Operations and Comprehensive Income for the Three Months Ended March 31, 2021 and 2020 F-3
  Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three Months Ended March 31, 2021 F-4
  Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2021 and 2020 F-5
  Notes to the Condensed Consolidated Financial Statements

F-6 – F-15

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 2
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 6
ITEM 4. CONTROLS AND PROCEDURES 6
PART II OTHER INFORMATION  
ITEM 1 LEGAL PROCEEDINGS 7
ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 7
ITEM 3 DEFAULTS UPON SENIOR SECURITIES 7
ITEM 4 MINE SAFETY DISCLOSURES 7
ITEM 5 OTHER INFORMATION 7
ITEM 6 EXHIBITS 8
SIGNATURES 9

 

1 

 

 

DSWISS, INC.

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

  Page
Condensed Consolidated Financial Statements  
   
Condensed Consolidated Balance Sheets as of March 31, 2021 and December 31, 2020 F-2
Condensed Consolidated Statements of Operations and Comprehensive Income for the Three Months Ended March 31, 2021 and 2020 F-3
Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three Months Ended March 31, 2021 F-4
Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2021 and 2020 F-5
Notes to the Condensed Consolidated Financial Statements

F-6 - F-15

 

F-1 

 

 

PART I FINANCIAL INFORMATION

 

Item 1. Unaudited condensed consolidated financial statements:

 

DSWISS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

As of March 31, 2021, and December 31, 2020

(Currency expressed in United States Dollars (“US$”), except for number of shares)

 

   March 31, 2021  

December 31, 2020

 
   Unaudited   Audited 
ASSETS        
CURRENT ASSETS          
Cash and cash equivalents  $127,428   $158,004 
Accounts receivable   89,800    9,146 
Other receivables, prepaid expenses and deposit   27,749    33,604 
Income tax receivables   541    434 
Inventories   33,040    37,995 
Total Current Assets   278,558    239,183 
           
NON-CURRENT ASSETS          
Plant and equipment, net   43,325    51,953 
Intangible assets, net   5,522    5,565 
Operating lease right -of-use, net   35,429    47,653 
Total Non-Current Assets   84,276    105,171 
           
TOTAL ASSETS  $362,834   $344,354 
           
LIABILITIES AND STOCKHOLDERS’ EQUITY          
CURRENT LIABILITIES          
Accounts payable  $378   $1,213 
Other payables and accrued liabilities   167,891    166,900 
Finance lease liability   8,756    9,876 
Amount due to a director   154,976    155,437 
Operating lease liability   36,286    48,114 
Total Current Liabilities   368,287    381,540 
           
NON- CURRENT LIABILITIES          
Finance lease liability   31,314    32,318 
Total non-current liabilities   31,314    32,318 
           
TOTAL LIABILITIES  $399,601   $413,858 
           
STOCKHOLDERS’ EQUITY          
Preferred stock, $0.0001 par value, 200,000,000 shares authorized, None issued and outstanding   -      -   
Common stock, $0.0001 par value, 600,000,000 shares authorized, 206,904,600 shares issued and outstanding as of March 31, 2021 and December 31, 2020 respectively  $20,690   $20,690 
Additional paid-in capital   1,395,426    1,395,426 
Accumulated other comprehensive losses   (27,875)   (28,177)
Accumulated deficit   (1,459,306)   (1,483,170)
           
TOTAL DSWISS, INC. STOCKHOLDERS’ EQUITY  $(71,065)  $(95,231)
NON-CONTROLLING INTEREST   34,298    25,727 
TOTAL STOCKHOLDERS’ EQUITY   (36,767)   (69,504)
           
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY  $362,834   $344,354 

 

See accompanying notes to condensed consolidated financial statements.

 

F-2 

 

 

DSWISS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE INCOME

FOR THE THREE MONTHS ENDED MARCH 31, 2021 AND 2020

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(Unaudited)

 

    Three months ended March 31, 
    2021    2020 
REVENUE  $289,878   $527,542 
           
COST OF REVENUE   (173,079)   (407,536)
           
GROSS PROFIT   116,799    120,006 
           
OTHER INCOME   1,963    1,204 
           
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES   (70,911)   (76,879)
           
OPERATING EXPENSES   (178)   (21,412)
           
FINANCE COST   (459)   (541)
           
LEASE EXPENSES   (14,426)   (11,849)
           
OTHER OPERATING EXPENSES   -      (7,547)
           
PROFIT BEFORE INCOME TAX   32,788    2,982 
           
TAXATION   -      -   
           
NET PROFIT  $32,788    2,982 
Non-Controlling Interest   (8,924)   (11,947)
Other comprehensive income/(loss):          
- Foreign currency translation adjustment   302    (568)
           
Comprehensive profit/(loss)   24,166    (9,533)
           
Net income/(loss) per share- Basic and diluted   0.00    (0.00)
           
Weighted average number of common shares outstanding – Basic and diluted   206,904,600    206,904,600 

 

See accompanying notes to condensed consolidated financial statements.

 

F-3 

 

 

DSWISS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

FOR THE THREE MONTHS ENDED MARCH 31, 2021

(Currency expressed in United States Dollars (“US$”))

(unaudited)

 

Three Months Ended March 31, 2021 (Unaudited)

 

   COMMON STOCK                     
   Number of shares   Amount   ADDITIONAL
PAID-IN
CAPITAL
   ACCUMULATED
COMPREHENSIVE
(LOSS)
  

ACCUMULATED

(DEFICIT)

   NON-
CONTROLLING INTEREST
   TOTAL
EQUITY
 
Balance as of December 31, 2020 (audited)   206,904,600    20,690    1,395,426    (28,177)   (1,483,170)   25,727    (69,504)
Foreign currency translation adjustment   -    -   -      302    -      (353)   (51)
Net profit   -    -    -     -      23,864    8,924    32,788 
Balance as of March 31, 2021 (unaudited)   206,904,600    20,690    1,395,426    (27,875)   (1,459,306)   34,298    (36,767)

 

Three Months Ended March 31, 2020 (Unaudited)

 

   COMMON STOCK                     
   Number of shares   Amount   ADDITIONAL
PAID-IN
CAPITAL
   ACCUMULATED
COMPREHENSIVE
(LOSS)
  

ACCUMULATED

(DEFICIT)

   NON-
CONTROLLING INTEREST
   TOTAL
EQUITY
 
Balance as of December 31, 2019 (audited)   206,904,600    20,690    1,395,426    (34,564)   (1,490,845)   4,851    (104,442)
Foreign currency translation adjustment   -    -    -    (568)   -    -    (568)
Net loss   -    -    -    -    (8,965)   11,947    2,982 
Balance as of March 31, 2020 (unaudited)   206,904,600    20,690    1,395,426    (35,132)   (1,499,810)   16,797    (102,029)

 

See accompanying notes to condensed consolidated financial statements.

 

F-4 

 

 

DSWISS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE THREE MONTHS ENDED MARCH 31, 2021 AND 2020

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(Unaudited)

 

    Three months ended March 31, 
    2021    2020 
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net profit  $32,788   $2,982 
Adjustments to reconcile net profit to net cash (used in)/generated from operating activities:          
Depreciation and amortization   20,793    15,791 
Amortization for intangible assets   -    259 
Changes in operating assets and liabilities:          
Accounts payable   (790)   19,751 
Accounts receivable   (80,655)   11,145 
Other payables and accrued liabilities   8,839    (9,540)
Inventories   4,955    (7,311)
Other receivables, prepaid expenses and deposits   5,810    61,675 
Reduction in lease liability   (11,828)   (10,579)
Cash (used in)/generated from operations   (20,088)   84,173 
Tax paid   (107)   (115)
           
Net cash (used in)/generated from operating activities   (20,195)   84,058 
           
CASH FLOWS FROM INVESTING ACTIVITY:          
Purchase of plant and equipment   -    (2,199)
Net cash used in investing activity   -    (2,199)
           
CASH FLOWS FROM FINANCING ACTIVITIES:          
Advance from directors   416    93 
Repayment of finance lease   (2,124)   (1,889)
           
Net cash used in financing activities   (1,708)   (1,796)
           
Effect of exchange rate changes on cash and cash equivalent   (8,673)   (1,818)
           
Net (decrease)/increase in cash and cash equivalents   (30,576)   78,245 
Cash and cash equivalents, beginning of period   158,004    48,353 
CASH AND CASH EQUIVALENTS, END OF PERIOD  $127,428   $126,598 
SUPPLEMENTAL CASH FLOWS INFORMATION          
Income taxes paid  $(540)  $(115)
Interest paid  $(459)  $- 

 

See accompanying notes to condensed consolidated financial statements.

 

F-5 

 

 

DSWISS, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2021

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

1. DESCRIPTION OF BUSINESS AND ORGANIZATION

 

DSwiss, Inc. is organized as a Nevada limited liability company, incorporated on May 28, 2015. For the purposes of financial statement presentation, DSwiss, Inc. and its subsidiaries are herein referred to as “the Company” or “we”. The Principal activity of the Company is premier biotech-nutraceutical, beauty supplies, and medical consumables supplies. The company sells medical consumable supplies, food supplements, skincare, and other related beauty products in Malaysia and around the ASEAN region. We are globally recognized Turnkey Private Label Manufacturing Services for nutraceutical and skincare OEM/ODM products.

 

Our professionals manage from custom formulation of scientifically proven and naturally effective, sourcing raw materials, production, quality control, stability, and safety test, clinical testing by third-party labs, packaging, and shipping, including import and export.

 

Our manufacturing facilities which compliant with GMP (Good Manufacturing Practise), FDA (Food Drug Association), HACCP (Hazard Analysis and Critical Control Point), JAKIM HALAL, and Mesti.

 

The accompanying unaudited condensed consolidated financial statements of DSwiss, Inc. at March 31, 2021 and 2020 have been prepared in accordance with generally accepted accounting principles (“GAAP”) for interim financial statements, instructions to Form 10-Q, and Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the financial statements and notes thereto included in our annual report on Form 10-K for the year ended December 31, 2020. In management’s opinion, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation to make our financial statements not misleading have been included. The results of operations for the periods ended March 31, 2021 and 2020 presented are not necessarily indicative of the results to be expected for the full year. The December 31, 2020 balance sheet has been derived from our audited financial statements included in our annual report on Form 10-K for the year ended December 31, 2020.

 

We have historically conducted our business through DSwiss Sdn Bhd, a private limited liability company, incorporated in Malaysia. DSwiss Holding Limited, incorporated in Seychelles, is an investment holding company with 100% equity interest in DSwiss (HK) Limited, a company incorporated in Hong Kong, which subsequent hold 100% equity interest in DSwiss Sdn. Bhd. On August 31, 2015, DSwiss, Inc. was restructured to be the holding company parent to, and succeed to the operations of, DSwiss Holding Limited. The former unit holder of DSwiss Holding Limited became the unit holder of DSwiss, Inc. and DSwiss Holding Limited became a wholly-owned subsidiary of DSwiss, Inc. This transaction was accounted for as a transaction among entities under common control and the assets, liabilities, revenues and expenses of DSwiss Holding Limited were carried over to and combined with DSwiss, Inc. at historical cost, and as if the transfer occurred at the beginning of the period. Prior periods have been retrospectively adjusted for comparative purposes.

 

We have invested in DSwiss Biotech Sdn Bhd, a Company incorporated in Malaysia, and owned 40% equity interest.

 

The Company, through its subsidiaries and its variable interest entities (“VIEs”), mainly supplies high quality beauty products. Details of the Company’s subsidiaries and associates:

 

   Company name  Place and date of incorporation  Particulars of issued
capital
  Principal activities  Proportional of ownership interest
and voting power held
                
1.  DSwiss Holding Limited  Seychelles,
May 28, 2015
  1 share of ordinary share of US$1 each  Investment holding   100%
                  
2.  DSwiss (HK) Limited  Hong Kong,
May 28, 2015
  1 share of ordinary share of HK$1 each  Supply of beauty products   100%
                  
3.  DSwiss Sdn Bhd  Malaysia,
March 10, 2011
  2 shares of ordinary share of RM 1 each  Supply of beauty products   100%
                  
4.  DSwiss Biotech Sdn Bhd(1)  Malaysia,
March 17, 2016
  250,000 shares of ordinary share of RM 1 each  Supply of biotech products   40%

 

(1) Based on the contractual arrangements between the Company and other investors, the Company has the power to direct the relevant activities of these entities unilaterally, and hence the Company has control over these entities.

 

F-6 

 

 

DSWISS, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2021

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of presentation

 

The accompanying condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”).

 

 

Basis of consolidation

 

The condensed consolidated financial statements include the accounts of the Company and its subsidiaries in which the Company is the primary beneficiary. All inter-company accounts and transactions have been eliminated upon consolidation.

 

Use of estimates

 

In preparing these consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets, and revenues and expenses during the periods reported. Actual results may differ from these estimates.

 

Revenue recognition

 

The Company follows the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.

 

Revenue from trading of retail goods is recognized when title and risk of loss are transferred and there are no continuing obligations to the customer. Title and the risks and rewards of ownership transfer to and accepted by the customer when the products are collected by the customer at the Company’s office. Revenue is recorded net of sales discounts, returns, allowances, and other adjustments that are based upon management’s best estimates and historical experience and are provided for in the same period as the related revenues are recorded.

 

The Company mainly derives its revenue from the sale of healthy food products. Generally, the Company recognizes revenue when products are sold and accepted by the customers and there are no continuing obligations to the customer.

 

Cost of revenue

 

Cost of revenue includes the purchase cost of retail goods for re-sale to customers and packing materials (such as boxes). It excludes purchasing and receiving costs, inspection costs, warehousing costs, internal transfer costs and other costs of distribution network in cost of revenues.

 

Shipping and handling fees

 

Shipping and handling fees, if billed to customers, are included in revenue. Shipping and handling fees associated with inbound and outbound freight are expensed as incurred and included in selling and distribution expenses. Shipping and handling fees are expensed as incurred for the three months ended March 31, 2021 were $717, while for the three months ended March 31, 2020 were $5,015.

 

F-7 

 

 

DSWISS, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2021

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

Selling and distribution expenses

 

Selling and distribution expenses are primarily comprised of travelling and accommodation, transportation fees such as petrol, toll and parking and shipping and handling fees.

 

Cash and cash equivalents

 

The Company consider all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalent.

 

Inventories

 

Inventories consisting of products available for sell, are stated at the lower of cost or market value. Cost of inventory is determined using the first-in, first-out (FIFO) method. Inventory reserve is recorded to write down the cost of inventory to the estimated market value due to slow-moving merchandise and damaged goods, which is dependent upon factors such as historical and forecasted consumer demand, and promotional environment. The Company takes ownership, risks and rewards of the products purchased. Write downs are recorded in cost of revenues in the Condensed Consolidated Statements of Operations and Comprehensive Income.

 

Plant and equipment

 

Plant and equipment are stated at cost less accumulated depreciation and impairment. Depreciation of plant, equipment and software are calculated on the straight-line method over their estimated useful lives or lease terms generally as follows:

 

Classification   Estimated useful lives
Computer and software   5 years
Furniture and fittings   5 years
Office equipment   10 years
Motor vehicle   5 years

 

Intangible assets

 

Intangible assets are stated at cost less accumulated amortization. Intangible assets represented the registration costs of trademarks in Malaysia and Hong Kong, which are amortized on a straight-line basis over a useful life of ten years.

 

The Company follows ASC Topic 350 in accounting for intangible assets, which requires impairment losses to be recorded when indicators of impairment are present and the undiscounted cash flows estimated to be generated by the assets are less than the assets’ carrying amounts. There were no impairment losses recorded on intangible assets for the three months ended March 31, 2021.

 

Leases

 

Prior to November 1, 2019, the Company accounted for leases under ASC 840, Accounting for Leases. Effective November 1, 2019, the Company adopted the guidance of ASC 842, Leases, which requires an entity to recognize a right-of-use asset and a lease liability for virtually all leases. The implementation of ASC 842 did not have a material impact on the Company’s consolidated financial statements and did not have a significant impact on our liquidity. The Company adopted ASC 842 using a modified retrospective approach. As a result, the comparative financial information has not been updated and the required disclosures prior to the date of adoption have not been updated and continue to be reported under the accounting standards in effect for those periods. (see Note 10).

 

Income taxes

 

The provision of income taxes is determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

 

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

 

The Company conducts much of its businesses activities in Hong Kong and is subject to tax in this jurisdiction. As a result of its business activities, the Company will file separate tax returns that are subject to examination by the foreign tax authorities.

 

F-8 

 

 

DSWISS, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2021

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

Net income/(loss) per share

 

The Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income/(loss) per share is computed by dividing the net income/(loss) by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income/(loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

 

Foreign currencies translation

 

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the Condensed Consolidated Statements of Operations and Comprehensive Income.

 

The reporting currency of the Company is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$. In addition, the Company’s subsidiaries and VIEs in Malaysia and Hong Kong maintains their books and record in their local currency, Ringgits Malaysia (“RM”) and Hong Kong Dollars (“HK$”) respectively, which is functional currency as being the primary currency of the economic environment in which the entity operates.

 

In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the statements of stockholders’ equity.

 

Translation of amounts from RM into US$1 and HK$ into US$1 has been made at the following exchange rates for the respective periods:

 

   As of and for the three months ended
March 31,
 
   2021   2020 
         
Period-end RM : US$1 exchange rate   4.14    4.31 
Period-average RM : US$1 exchange rate   4.07    4.41 
Period-end HK$ : US$1 exchange rate   7.76    7.75 
Period-average HK$ : US$1 exchange rate   7.77    7.77 

 

F-9 

 

 

DSWISS, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREEMONTHS ENDED MARCH 31, 2021

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

Related parties

 

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

 

Fair value of financial instruments:

 

The carrying value of the Company’s financial instruments: cash and cash equivalents, accounts receivable, deposits, accounts payable, other payables, and accounts payable approximate at their fair values because of the short-term nature of these financial instruments.

 

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

 

Level 1: Observable inputs such as quoted prices in active markets;

 

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

 

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

 

Segment reporting

 

ASC Topic 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about geographical areas, business segments and major customers in financial statements. For the three months ended March 31, 2021, the Company operates in four reportable operating segment in Malaysia, China and Hong Kong.

 

Recent accounting pronouncements

 

FASB issues various Accounting Standards Updates relating to the treatment and recording of certain accounting transactions. On June 10, 2014, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2014-10, Development Stage Entities (Topic 915) Elimination of Certain Financial Reporting Requirements, including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation, which eliminates the concept of a development stage entity (DSE) entirely from current accounting guidance. The Company has elected adoption of this standard, which eliminates the designation of DSEs and the requirement to disclose results of operations and cash flows since inception.

 

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

 

F-10 

 

 

DSWISS, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2021

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

3. VIE STRUCTURE AND ARRANGEMENTS

 

On June 27, 2016, DSwiss (HK) Limited (“DSHK”) entered into a Management Services Agreement (the “Management Services Agreement I”) which entitles DSHK to substantially entitled to all of the economic benefits of DSwiss Biotech Sdn Bhd (“DSBT”) in consideration of services provided by DSHK to DSBT. Pursuant to the Management Services Agreement I, DSHK has the exclusive right to provide to DSBT management, financial and other services related to the operation of DSBT’s business, and DSBT is required to take all commercially reasonable efforts to permit and facilitate the provision of the services provided by DSHK. As compensation for providing the services, DSHK is entitled to receive a fee from DSBT, upon demand, equal to 100% of the annual net profits of DSBT during the term of the Management Services Agreement I. DSHK may also request, on ad hoc basis, quarterly payments of the aggregate fee, which payments will be credited against DSBT’s future payment obligations.

 

The Management Services Agreement I also provides DSHK, or its designee, with a right of first refusal to acquire all or any portion of the equity of DSBT upon any proposal by the sole shareholder of DSBT to transfer such equity. In addition, at the sole discretion of DSHK, DSBT is obligated to transfer to DSHK, or its designee, any part or all of the business, personnel, assets and operations of DSBT which may be lawfully conducted, employed, owned or operated by DSHK, including:

 

(a) business opportunities presented to, or available to DSBT may be pursued and contracted for in the name of DSHK rather than DSBT, and at its discretion, DSHK may employ the resources of DSBT to secure such opportunities;

 

(b) any tangible or intangible property of DSBT, any contractual rights, any personnel, and any other items or things of value held by DSBT may be transferred to DSHK at book value;

 

(c) real property, personal or intangible property, personnel, services, equipment, supplies and any other items useful for the conduct of the business may be obtained by DSHK by acquisition, lease, license or otherwise, and made available to DSBT on terms to be determined by agreement between DSHK and DSBT;

 

(d) contracts entered into in the name of DSBT may be transferred to DSHK, or the work under such contracts may be subcontracted, in whole or in part, to DSHK, on terms to be determined by agreement between DSHK and DSBT; and

 

(e) any changes to, or any expansion or contraction of, the business may be carried out in the exercise of the sole discretion of DSHK, and in the name of and at the expense of, DSHK; provided, however, that none of the foregoing may cause or have the effect of terminating (without being substantially replaced under the name of DSHK) or adversely affecting any license, permit or regulatory status of DSBT.

 

In addition, DSHK entered into certain agreements with Jervey Choon, (the “DSBT shareholder”), including

 

(i) a Call Option Agreement allowing DSHK to acquire the shares of DSBT as permitted by Malaysia laws;
   
(ii) a Shareholders’ Voting Rights Proxy Agreement that provides DSHK with the voting rights of the DSBT; and
   
(ii) an Equity Pledge Agreement that pledges the shares in DSBT.

 

This VIE structure provides DSHK, a wholly-owned subsidiary of DSwiss Holding Limited, which is the wholly-owned subsidiary of DSwiss Inc, with control over the operations and benefits of DSBT without having a direct equity ownership in DSBT.

 

F-11 

 

 

DSWISS, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2021

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

4. STOCKHOLDERS’ EQUITY

 

As of March 31, 2021, the Company had a total of 206,904,600 of its common stock issued and outstanding. There are no shares of preferred stock issued and outstanding.

 

5. PLANT AND EQUIPMENT

 

  

March 31,

2021

  

December 31,

2020

 
Computer and software  $96,508   $96,508 
Furniture and fittings   6,144    6,144 
Office equipment   11,113    11,113 
Motor vehicle   79,054    79,054 
Total plant and equipment  $192,819   $192,819 
Accumulated depreciation   (143,145)   (138,371)
Effect of translation exchange   (6,349)   (2,495)
Plant and equipment, net  $43,325   $51,953 

 

Depreciation expense for the three months ended March 31, 2021 and 2020 were $4,774 and $4,867 respectively.

 

6. INTANGIBLE ASSETS

 

  

March 31,

2021

  

December 31,

2020

 
Trademarks  $12,077   $12,077 
Amortization   (6,101)   (6,101)
Effect of translation exchange   (454)   (411)
Intangible assets, net  $5,522   $5,565 

 

Amortization for the three months ended March 31, 2021 was $0.

 

Amortization for the three months ended March 31, 2020 was $259.

 

7. OTHER RECEIVABLES, PREPAID EXPENSES AND DEPOSITS

 

  

March 31,

2021

  

December 31,

2020

 
Prepaid expenses  $1,470   $1,470 
Deposits   26,279    32,134 
Total prepaid expenses and deposits  $27,749   $33,604 

 

8. INVENTORIES

 

  

March 31,

2021

  

December 31,

2020

 
Finished goods, at cost  $33,040   $37,995 
Total inventories  $33,040   $37,995 

 

9. OTHER PAYABLES AND ACCRUED LIABILITIES

 

  

March 31,

2021

   December 31, 2020 
Other payables  $132,952   $123,408 
Accrued audit fees   19,638    18,831 
Accrued other expenses   11,197    20,911 
Accrued professional fees   4,104    3,750 
Total payables and accrued liabilities  $167,891   $166,900 

 

F-12 

 

 

DSWISS, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2020

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

10. FINANCE LEASE LIABILITY

 

The Company purchased a motor vehicle under a finance lease agreement with the effective interest rate of 3.99% per annum, due through June 30, 2025, with principal and interest payable monthly. The obligation under the finance lease is as follows:

 

  

As of March 31,

  

As of December 31,

 
   2021   2020 
Finance lease  $43,906   $46,490 
Less: interest expense   (3,836)   (4,296)
Net present value of finance lease   40,070    42,194 
           
Current portion   8,756    9,876 
Non-current portion   31,314    32,318 
Total  $40,070   $42,194 

 

As of March 31, 2021 the maturities of the finance lease for each of the years are as follows:

 

2021   8,756 
2022   9,173 
2023   9,589 
2024   10,006 
2025   2,546 
Total  $40,070 

 

11. AMOUNT DUE TO A DIRECTOR

 

As of March 31, 2021 and December 31, 2020, a director of the Company advanced $154,976 and $155,437, respectively to the Company, which is unsecured, interest-free with no fixed repayment term, for working capital purpose.

 

12. INCOME TAXES

 

For the three months ended March 2021 and 2020, the local (United States) and foreign components of profit before income taxes were comprised of the following:

 

  

For the three months ended

March 31, 2021

  

For the three months ended

March 31, 2020

 
         
Tax jurisdictions from:          
- Local  $(4,024)  $(6,761)
- Foreign, representing          
Seychelles   (1,500)   (93)
Hong Kong   (1,841)   702 
Malaysia   40,153    15,197 
PRC   -    (6,063)
           
Profit before income tax  $32,788   $2,982 

 

 

The provision for income taxes consisted of the following:

 

     For the three months ended March 31, 2021      For the three months ended March 31, 2020  
Current:          
- Local  $-   $- 
- Foreign   -    - 
           
Deferred:          
- Local   -    - 
- Foreign   -    - 
           
Income tax expense  $-   $- 

 

The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company has subsidiaries that operate in various countries: United States, Seychelles, Hong Kong, Malaysia, PRC that are subject to taxes in the jurisdictions in which they operate, as follows:

 

United States of America

 

The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of March 31, 2021, the operations in the United States of America incurred $389,573 of cumulative net operating losses which can be carried forward to offset future taxable income, at the tax rate of 21%. The net operating loss carry forwards begin to expire in 2038, if unutilized. The Company has provided for a full valuation allowance of $81,810 against the deferred tax assets on the expected future tax benefits from the net operating loss carry forwards as the management believes it is more likely than not that these assets will not be realized in the future.

 

Seychelles

 

Under the current laws of the Seychelles, DSwiss Holding Limited is registered as an international business company which governs by the International Business Companies Act of Seychelles and there is no income tax charged in Seychelles.

 

Hong Kong

 

DSwiss (HK) Limited is subject to Hong Kong Profits Tax, which is charged at the statutory income tax rate of 16.5% on its assessable income. As of March 31, 2021, the operations in the Hong Kong incurred $624,056 of cumulative net operating losses which can be carried forward to offset future taxable income, at the tax rate of 16.5%. The Company has provided for a full valuation allowance of $102,969 against the deferred tax assets on the expected future tax benefits from the net operating loss carry forwards as the management believes it is more likely than not that these assets will not be realized in the future.

 

Malaysia

 

DSwiss Sdn Bhd and DSwiss Biotech Sdn Bhd are subject to Malaysia Corporate Tax, which is charged at the statutory income tax rate range from 17% to 24% on its assessable income. As of March 31, 2021, the operations in the Malaysia incurred $433,385 of cumulative net operating losses which can be carried forward to offset future taxable income, at the tax rate of 17%. The Company has provided for a full valuation allowance of $73,675 against the deferred tax assets on the expected future tax benefits from the net operating loss carry forwards as the management believes it is more likely than not that these assets will not be realized in the future.

 

F-13 

 

 

DSWISS, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2020

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

13. CONCENTRATIONS OF RISK

 

The Company is exposed to the following concentrations of risk:

 

(a) Major customers

 

For three months ended March 31, 2021 and 2020, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at period-end are presented as follows:

 

   2021   2020   2021   2020   2021   2020 
   Revenue   Percentage of
revenue
   Accounts receivable 
                         
Customer A  $34,445   $57,106    12%   11%  $4,639    - 
Customer B  $173,379   $115,639    60%   22%  $75,962    - 
Customer C  $44,513   $-    15%   -%  $-    - 
   $252,337   $172,745    87%   33%  $80,601    - 

 

(b) Major vendors

 

For three months ended March 31, 2021 and 2020, the vendors who accounted for 10% or more of the Company’s purchases and its accounts payable balance at period-end are presented as follows:

 

   2021   2020   2021   2020   2021   2020 
   Purchase   Percentage of
purchase
   Accounts payable 
                         
Vendor A  $16,915   $44,733    10%   12%  $-    - 
Vendor B  $129,422   $821,713    77%   52%  $-    - 
   $146,337   $866,466    87%   64%  $-    - 

 

All vendors are located in Malaysia.

 

(c) Credit risk

 

Financial instruments that are potentially subject to credit risk consist principally of accounts receivable. The Company believes the concentration of credit risk in its accounts receivable is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.

 

(d) Exchange rate risk

 

The Company cannot guarantee that the current exchange rate will remain stable, therefore there is a possibility that the Company could post the same amount of income for two comparable periods and because of the fluctuating exchange rate actually post higher or lower income depending on exchange rate of RM converted to US$ and HK$ converted into US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

 

F-14 

 

 

DSWISS, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2021

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

14. LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES

 

The Company officially adopted ASC 842 for the period on and after January 1, 2019 as permitted by ASU 2016-02. ASC 842 originally required all entities to use a “modified retrospective” transition approach that is intended to maximize comparability and be less complex than a full retrospective approach. On July 30, 2018, the FASB issued ASU 2018-11 to provide entities with relief from the costs of implementing certain aspects of the new leasing standard, ASU 2016-02 of which permits entities may elect not to recast the comparative periods presented when transitioning to ASC 842. As permitted by ASU 2018-11, the Company elect not to recast comparative periods, thusly.

 

As of January 1, 2019, the Company recognized approximately US$136,308, lease liability as well as right-of-use asset for all leases (with the exception of short-term leases) at the commencement date. Lease liabilities are measured at present value of the sum of remaining rental payments as of January 1, 2020, with discounted rate of 4.47% adopted from Public Bank Berhad’s base lending rate as a reference for discount rate.

 

A single lease cost is recognized over the lease term on a generally straight-line basis. All cash payments of operating lease cost are classified within operating activities in the statement of cash flows.

 

The operating lease right and lease liability as follow:

 

As of March 31, 2021 and December 31, 2020, operating lease right of use asset as follow:

 

   As of March 31, 2021   As of December 31, 2020 
As of beginning of the period/year  $136,308   $136,308 
Accumulated amortization   (102,830)   (88,404)
Effect of translation exchange   1,951    (251)
Balance as of end of the period/year  $35,429   $47,653 

 

As of March 31, 2021 and December 31, 2020, the amortization of the operating lease right of use asset are $16,019 and $45,312 respectively.

 

As of March 31, 2021, operating lease liability as follow:

 

As of January 1, 2021  $48,114 
Less: gross repayment   (12,241)
Add: imputed interest   447 
Effect of translation exchange   (34)
Balance as of March 31, 2021  $36,286 
Lease liability current portion  $36,286 

 

Maturities of operating lease obligation as follow:

 

Year ending    
December 31, 2021   36,286 
Total  $36,286 

 

Other information:

 

   As of March 31, 2021   As of December 31, 2020 
    (unaudited)    (audited) 
Cash paid for amounts included in the measurement of lease liabilities:          
Operating cash flow from operating lease  $(11,828)  $45,312 
Right-of-use assets obtained in exchange for operating lease liabilities   35,429    47,653 
Remaining lease term for operating lease (years)   1    1 
Weighted average discount rate for operating lease   4.47%   4.47%

 

As of March 31, 2021 and December 31, 2020, lease expenses were $11,828 and $46,094 respectively.

 

15. SUBSEQUENT EVENTS

 

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after March 31, 2021 up through the date the Company issued the consolidated financial statements.

 

16. SIGNIFICANT EVENTS

 

During the fiscal year, the World Health Organization declared the Coronavirus (COVID-19) outbreak to be a pandemic, which has caused severe global social and economic disruptions and uncertainties, including markets where the Company operates.

 

The Company considers this outbreak as non-adjusting-events. The consequences brought about by Covid-19 continue to evolve and whilst the Company actively monitoring and managing its operations to respond to these changes, the Company does not consider it practicable to provide any quantitative estimate on the potential impact it may have on the Company.

 

F-15 

 

 

Item 2. Management’s discussion and analysis of financial condition and results of operations

 

The information contained in this quarter report on Form 10-Q is intended to update the information contained in our Annual Report on Form 10-K for the year ended December 31, 2020 and presumes that readers have access to, and will have read, the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other information contained in such Form 10-K. The following discussion and analysis also should be read together with our consolidated financial statements and the notes to the consolidated financial statements included elsewhere in this Form 10-Q.

 

The following discussion contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” These statements are not guarantees of future performance and involve risks, uncertainties and requirements that are difficult to predict or are beyond our control. Forward-looking statements speak only as of the date of this quarterly report. You should not put undue reliance on any forward-looking statements. We strongly encourage investors to carefully read the factors described in our Form S-1 Amendment No.8, dated July 20, 2016 in the section entitled “Risk Factors” for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. We assume no responsibility to update the forward-looking statements contained in this transition report on Form 10-Q. The following should also be read in conjunction with the unaudited Condensed Consolidated Financial Statements and notes thereto that appear elsewhere in this report.

 

Company Overview

 

DSwiss, Inc., a Nevada corporation (“the Company”) was incorporated under the laws of the State of Nevada on May 28, 2015. DSwiss Holding Limited owns 100% of DSwiss (HK) Limited, a Hong Kong Company, which owns 100% of DSwiss Sdn Bhd, the operating Malaysia Company of which is described below. In 2016, DSwiss (HK) Limited invested in DSwiss Biotech Sdn Bhd, incorporated in Malaysia, and owned 40% equity interest.

 

DSwiss is the leading corporation for premier nutraceutical biotechnology in USA, and has gone into Asian countries such as China, Hong Kong, Singapore, Thailand, and Malaysia with our high quality functional health supplement, skin care solution, wellness products and private labelled supplies turnkey provider (OEM/ODM). Our unique and innovative patented biotechnology, natural ingredients into products & services that has been proven to give better, faster and visible positive results to the end user including health improvement, slimming, anti-aging and beauty effects.

 

Currently, we are fulfilling in Talent Development, product research and development, and providing Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) services into functional food and beauty product of which is currently under research and development with Malaysia biotech and research professionals. Our professionals manage from custom formulation of scientifically-proven and naturally-effective, sourcing raw materials, production, quality control, stability and safety test, clinical testing by third-party labs, packaging and shipping including import and export, all licenses needed so customer can concentrate on what they should do. In 2020, with our experience and expertise, we have successfully expanded our client base in OEM/ODM services and developed products and Business-to-business (B2B) DNA genotyping private label services that exceed the clients’ expectation.

 

DSwiss has continuously expanding through launching health and beauty projects to provide premier experiences to the customers. DSwiss has shown a solid growth and is set to advance the biotechnology industry to drive nutraceutical and skincare biotechnology growth.

 

At this time, we operate exclusively online through our website: http://www.dswissbeauty.com.

 

Products which meet the definition of a functional food and cosmetics related products need to be registered or notified with the Drug Control Authority (DCA), Ministry of Health Malaysia. Manufacturing, marketing, importation and the sale of unregistered products is a violation of the Drug Control Regulations and Cosmetics Act 1984 of Malaysia and enforcement action can be taken.

 

At DSwiss, research and development is an ongoing effort whose purpose is to ensure our products on the forefront of quality and effectiveness. Equipped with state of the art machinery, our innovative research and development team are constantly exploring on new development and product lines that will enable us to provide the highest quality standard and remain competitive in the industry.

 

DSwiss’s products are certified and approved by the Ministry of Health (“MOH”) Malaysia. Due to the stringent requirements from MOH Malaysia, we strive to upkeep the highest possible standard in our products to provide assurance and as a prove of our continuing commitment to providing quality products.

 

Our expected growth is planned to occur primarily through the implementation of our social media marketing strategy. DSwiss already has a strong relationship with new retail tech company (eg. Facebook, E-Marketplace). The global presence social media has helped provide to us has been an invaluable resource, and as we continue to expand our business operations and spread our brand awareness, we intend to primarily utilize social media to reach our customers. The benefits of social media are countless, but perhaps the most imperative to our future success is our ability to connect with customers directly, to receive their feedback almost instantaneously. On that note, the feedback we have received from our clients has been overwhelmingly positive, which has helped us to create a robust brand image.

 

While DSwiss has been focused almost exclusively upon pursuing operations within Asia, we do have plans to expand outward and become a household name across the world. Our strategy to do so going forward is by forming partnerships with local companies in various countries that may be willing to stock our products or promote them to their own customers. We believe that by forging strategic relationships and partnerships we can expand our operations across the globe at a greater pace and with greater certainty than we would if we tried to expand on our own.

 

Results of Operation

 

For the Three Months Ended March 31, 2021 and March 31, 2020.

 

For the three months ended March 31, 2021 and 2020, we realized revenue in the amount of $289,878 and $527,542 respectively. Our gross profits for the three months ended March 31, 2021 and 2020 were $116,799 and $120,006 respectively, which is less than $3,207 for the three months ended March 31, 2020. We believe that in order to retain and maintain more customers in the future we must increase our marketing efforts and or develop new products.

 

2 

 

 

*Our gross margins may not be comparable to those of other entities, since some entities include all the costs related to their distribution network in cost of revenue. Our cost of revenue includes only the purchase cost of products and packing materials, and does not include any allocation of inbound freight charges, purchasing and receiving costs, inspection costs, warehousing costs, internal transfer costs, and the other costs associated with the distribution network.

 

Our net profit for the three months ended March 31, 2021 and 2020 were $32,788 and $2,982 respectively. We attribute this increase in profit due to decrease in operating expenses.

 

Liquidity and Capital Resources

 

For the three months ended March 31, 2021 and 2020, we had cash and cash equivalents of $127,428 and $126,598 respectively. We have positive operating cash flow and our working capital has been and will continue to be significant. As a result, we have increased our sales resulting an increase in our overall revenue. We need to meet our working capital requirements and to make capital investments in connection with ongoing operations. The Company expects its current capital resources to meet our basic operating requirements for approximately twelve months.

 

Operating Activities

 

For the three months ended March 31, 2021, net cash used in operating activities was $20,195, compared to net cash generated from operating activities was $84,058 in the prior period. The operating cash flow performance primarily reflects increase in accounts receivable to the prior period.

 

Investing Activities

 

For the three months ended March 31, 2021 and 2020, net cash used in investing activities were $0 and $2,199 respectively, reflecting the cost in purchase of plant and equipment.

 

Financing Activities

 

For the three months ended March 31, 2021 and 2020, net cash used in financing activities were $1,708 and $1,796 respectively resulted from the repayment of finance lease and advance from related parties.

 

3 

 

 

Capital Expenditures

 

Our capital expenditures primarily relate to the acquisition of plant and equipment. There were $0 and $2,199 used to purchase the computer and software and office equipment for the three months periods ended March 31, 2021 and 2020 respectively.

 

Credit Facilities

 

We do not have any credit facilities or other access to bank credit.

 

Contractual Obligations, Commitments and Contingencies

 

We currently have a lease agreement in place with respect to office premises in Malaysia to commence our business operations.

 

Off-balance Sheet Arrangements

 

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to our stockholders as of March 31, 2021.

 

4 

 

 

Recent accounting pronouncements

 

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

 

Additional Information

 

VIE STRUCTURE AND ARRANGEMENTS

 

On June 27, 2016, DSwiss (HK) Limited (“DSHK”) entered into a Management Services Agreement (the “Management Services Agreement I”) which entitles DSHK to substantially entitled to all of the economic benefits of DSwiss Biotech Sdn Bhd (“DSBT”) in consideration of services provided by DSHK to DSBT. Pursuant to the Management Services Agreement I, DSHK has the exclusive right to provide to DSBT management, financial and other services related to the operation of DSBT’s business, and DSBT is required to take all commercially reasonable efforts to permit and facilitate the provision of the services provided by DSHK. As compensation for providing the services, DSHK is entitled to receive a fee from DSBT, upon demand, equal to 100% of the annual net profits of DSBT during the term of the Management Services Agreement I. DSHK may also request ad hoc quarterly payments of the aggregate fee, which payments will be credited against DSBT’s future payment obligations.

 

The Management Services Agreement I also provides DSHK, or its designee, with a right of first refusal to acquire all or any portion of the equity of DSBT upon any proposal by the sole shareholder of DSBT to transfer such equity. In addition, at the sole discretion of DSHK, DSBT is obligated to transfer to DSHK, or its designee, any part or all of the business, personnel, assets and operations of DSBT which may be lawfully conducted, employed, owned or operated by DSHK, including:

 

(a) business opportunities presented to, or available to DSBT may be pursued and contracted for in the name of DSHK rather than DSBT, and at its discretion, DSHK may employ the resources of DSBT to secure such opportunities;

 

(b) any tangible or intangible property of DSBT, any contractual rights, any personnel, and any other items or things of value held by DSBT may be transferred to DSHK at book value;

 

(c) real property, personal or intangible property, personnel, services, equipment, supplies and any other items useful for the conduct of the business may be obtained by DSHK by acquisition, lease, license or otherwise, and made available to DSBT on terms to be determined by agreement between DSHK and DSBT;

 

(d) contracts entered into in the name of DSBT may be transferred to DSHK, or the work under such contracts may be subcontracted, in whole or in part, to DSHK, on terms to be determined by agreement between DSHK and DSBT; and

 

(e) any changes to, or any expansion or contraction of, the business may be carried out in the exercise of the sole discretion of DSHK, and in the name of and at the expense of, DSHK; provided, however, that none of the foregoing may cause or have the effect of terminating (without being substantially replaced under the name of DSHK) or adversely affecting any license, permit or regulatory status of DSBT.

 

In addition, DSHK entered into certain agreements with Jervey Choon, (the “DSBT shareholder”), including

 

(i) a Call Option Agreement allowing DSHK to acquire the shares of DSBT as permitted by Malaysia laws;
   
(ii) a Shareholders’ Voting Rights Proxy Agreement that provides DSHK with the voting rights of the DSBT; and
   
(iii) an Equity Pledge Agreement that pledges the shares in DSBT.

 

This VIE structure provides DSHK, a wholly-owned subsidiary of DSwiss Holding Limited, which is the wholly-owned subsidiary of DSwiss Inc, with control over the operations and benefits of DSBT without having a direct equity ownership in DSBT.

 

5 

 

 

Item 3 Quantitative and Qualitative Disclosures About Market Risk.

 

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

 

Item 4 Controls and Procedures.

 

Evaluation of Disclosure Controls and Procedures:

 

We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of June 30, 2016. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of March 31, 2021, our disclosure controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting.

 

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. Management has identified the following material weaknesses which have caused management to conclude that, as of March 31, 2021, our disclosure controls and procedures were not effective: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines.

 

Changes in Internal Control over Financial Reporting:

 

There were no changes in our internal control over financial reporting during the quarter ending March 31, 2021, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

6 

 

 

PART II — OTHER INFORMATION

 

Item 1. Legal Proceedings

 

We know of no material, active or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceedings or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any beneficial shareholder are an adverse party or has a material interest adverse to us.

 

Item 1A. Risk Factors.

 

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

None.

 

Item 3. Defaults Upon Senior Securities

 

None

 

Item 4. Mine Safety Disclosures

 

Not applicable.

 

Item 5. Other Information.

 

None.

 

7 

 

 

ITEM 6. Exhibits

 

Exhibit No.   Description
31.1   Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer*
32.1   Section 1350 Certification of principal executive officer *
101.INS   XBRL Instance Document*
101.SCH   XBRL Schema Document*
101.CAL   XBRL Calculation Linkbase Document*
101.DEF   XBRL Definition Linkbase Document*
101.LAB   XBRL Label Linkbase Document*
101.PRE   XBRL Presentation Linkbase Document*

 

* Filed herewith.

 

8 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  DSWISS, INC.
  (Name of Registrant)
     
Date: May 14, 2021    
     
  By: /s/ Leong Ming Chia
  Title: President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary and Director
    (Principal Executive Officer, Principal Financial Officer)

 

9 

EX-31.1 2 ex31-1.htm

 

EXHIBIT 31.1

 

CERTIFICATION

 

I, LEONG MING CHIA, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of DSwiss, Inc. (the “Company”) for the quarter ended March 31, 2021;

 

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and

15d-15(f)) for the registrant and have:

 

  a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  b. Designed such internal control over financial reporting, or caused such internal control to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
     
  c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: May 14, 2021 By: /s/ Leong Ming Chia
    LEONG MING CHIA
    President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary and Director
    (Principal Executive Officer, Principal Financial Officer)

 

 

 

EX-32.1 3 ex32-1.htm

 

EXHIBIT 32.1

 

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of DSwiss, Inc. (the “Company”) on Form 10-Q for the period ended March 31, 2021 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), The undersigned hereby certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

 

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

 

Date: May 14, 2021 By: /s/ Leong Ming Chia
    LEONG MING CHIA
    President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary and Director
    (Principal Executive Officer, Principal Financial Officer)

 

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

 

 

EX-101.INS 4 dqws-20210331.xml XBRL INSTANCE FILE 0001652561 2020-01-01 2020-03-31 0001652561 us-gaap:FurnitureAndFixturesMember 2020-12-31 0001652561 us-gaap:OfficeEquipmentMember 2020-12-31 0001652561 us-gaap:ComputerEquipmentMember 2020-12-31 0001652561 country:MY 2021-01-01 2021-03-31 0001652561 DQWS:MotorVehicleMember 2020-12-31 0001652561 country:SC 2021-01-01 2021-03-31 0001652561 country:HK 2021-01-01 2021-03-31 0001652561 DQWS:PeoplesRepublicOfChinaPRCMember 2021-01-01 2021-03-31 0001652561 2019-12-31 0001652561 DQWS:DSwissHKLimitedMember DQWS:HongKongMember 2021-01-01 2021-03-31 0001652561 DQWS:CustomersMember 2020-01-01 2020-03-31 0001652561 DQWS:VendorsMember 2020-01-01 2020-03-31 0001652561 DQWS:ManagementServicesAgreementIMember DQWS:DSwissHKLimitedMember 2016-06-26 2016-06-27 0001652561 us-gaap:CommonStockMember 2019-12-31 0001652561 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001652561 us-gaap:ComprehensiveIncomeMember 2019-12-31 0001652561 us-gaap:RetainedEarningsMember 2019-12-31 0001652561 us-gaap:NoncontrollingInterestMember 2019-12-31 0001652561 2020-03-31 0001652561 us-gaap:CommonStockMember 2020-01-01 2020-03-31 0001652561 us-gaap:CommonStockMember 2020-03-31 0001652561 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0001652561 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0001652561 us-gaap:ComprehensiveIncomeMember 2020-01-01 2020-03-31 0001652561 us-gaap:ComprehensiveIncomeMember 2020-03-31 0001652561 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0001652561 us-gaap:RetainedEarningsMember 2020-03-31 0001652561 us-gaap:NoncontrollingInterestMember 2020-01-01 2020-03-31 0001652561 us-gaap:NoncontrollingInterestMember 2020-03-31 0001652561 DQWS:DSwissHoldingLimitedMember DQWS:DSwissHKLimitedMember country:HK 2021-03-31 0001652561 DQWS:DSwissHoldingLimitedMember DQWS:DSwissSdnBhdMember country:MY 2021-03-31 0001652561 DQWS:DSwissBiotechMember country:MY 2021-03-31 0001652561 DQWS:DSwissHoldingLimitedMember 2021-01-01 2021-03-31 0001652561 DQWS:DSwissHKLimitedMember 2021-01-01 2021-03-31 0001652561 DQWS:DSwissSdnBhdMember 2021-01-01 2021-03-31 0001652561 DQWS:DSwissBiotechSdnBhdMember 2021-01-01 2021-03-31 0001652561 us-gaap:ComputerEquipmentMember 2021-03-31 0001652561 us-gaap:FurnitureAndFixturesMember 2021-03-31 0001652561 us-gaap:OfficeEquipmentMember 2021-03-31 0001652561 DQWS:MotorVehicleMember 2021-03-31 0001652561 DQWS:UnitedStatesOfAmericaMember 2021-03-31 0001652561 DQWS:DSwissHKLimitedMember DQWS:HongKongMember 2021-03-31 0001652561 DQWS:PeriodEndMalaysianRinggitMember 2020-03-31 0001652561 DQWS:PeriodAverageMalaysianRinggitMember 2020-03-31 0001652561 DQWS:PeriodEndHongKongMember 2020-03-31 0001652561 DQWS:PeriodAverageHongKongMember 2020-03-31 0001652561 DQWS:DSwissSdnBhdandDSwissBiotechSdnBhdMember DQWS:MalaysiaMember srt:MinimumMember 2021-01-01 2021-03-31 0001652561 DQWS:DSwissSdnBhdandDSwissBiotechSdnBhdMember DQWS:MalaysiaMember srt:MaximumMember 2021-01-01 2021-03-31 0001652561 country:SC 2020-01-01 2020-03-31 0001652561 country:HK 2020-01-01 2020-03-31 0001652561 country:MY 2020-01-01 2020-03-31 0001652561 DQWS:PeoplesRepublicOfChinaPRCMember 2020-01-01 2020-03-31 0001652561 DQWS:DSwissSdnBhdandDSwissBiotechSdnBhdMember DQWS:MalaysiaMember 2021-01-01 2021-03-31 0001652561 us-gaap:AccountingStandardsUpdate201602Member 2019-01-02 0001652561 2021-01-01 2021-03-31 0001652561 2021-03-31 0001652561 2020-12-31 0001652561 us-gaap:CommonStockMember 2021-01-01 2021-03-31 0001652561 us-gaap:CommonStockMember 2020-12-31 0001652561 us-gaap:CommonStockMember 2021-03-31 0001652561 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-03-31 0001652561 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001652561 us-gaap:AdditionalPaidInCapitalMember 2021-03-31 0001652561 us-gaap:ComprehensiveIncomeMember 2021-01-01 2021-03-31 0001652561 us-gaap:ComprehensiveIncomeMember 2020-12-31 0001652561 us-gaap:ComprehensiveIncomeMember 2021-03-31 0001652561 us-gaap:RetainedEarningsMember 2021-01-01 2021-03-31 0001652561 us-gaap:RetainedEarningsMember 2020-12-31 0001652561 us-gaap:RetainedEarningsMember 2021-03-31 0001652561 us-gaap:NoncontrollingInterestMember 2021-01-01 2021-03-31 0001652561 us-gaap:NoncontrollingInterestMember 2020-12-31 0001652561 us-gaap:NoncontrollingInterestMember 2021-03-31 0001652561 us-gaap:ComputerEquipmentMember 2021-01-01 2021-03-31 0001652561 us-gaap:FurnitureAndFixturesMember 2021-01-01 2021-03-31 0001652561 us-gaap:OfficeEquipmentMember 2021-01-01 2021-03-31 0001652561 us-gaap:VehiclesMember 2021-01-01 2021-03-31 0001652561 DQWS:PeriodEndMalaysianRinggitMember 2021-03-31 0001652561 DQWS:PeriodAverageMalaysianRinggitMember 2021-03-31 0001652561 DQWS:PeriodEndHongKongMember 2021-03-31 0001652561 DQWS:PeriodAverageHongKongMember 2021-03-31 0001652561 DQWS:FinanceLeaseAgreementMember 2021-01-01 2021-03-31 0001652561 2020-01-01 2020-12-31 0001652561 DQWS:UnitedStatesOfAmericaMember 2021-01-01 2021-03-31 0001652561 DQWS:DSwissSdnBhdandDSwissBiotechSdnBhdMember DQWS:MalaysiaMember 2021-03-31 0001652561 DQWS:CustomersMember 2021-01-01 2021-03-31 0001652561 DQWS:VendorsMember 2021-01-01 2021-03-31 0001652561 us-gaap:AccountingStandardsUpdate201602Member 2021-01-01 2021-03-31 0001652561 us-gaap:AccountingStandardsUpdate201602Member 2020-01-01 2020-12-31 0001652561 us-gaap:AccountsReceivableMember DQWS:CustomerAMember 2021-01-01 2021-03-31 0001652561 us-gaap:AccountsReceivableMember DQWS:CustomerBMember 2021-01-01 2021-03-31 0001652561 us-gaap:AccountsReceivableMember 2021-01-01 2021-03-31 0001652561 us-gaap:AccountsReceivableMember DQWS:CustomerAMember 2020-01-01 2020-03-31 0001652561 us-gaap:AccountsReceivableMember DQWS:CustomerBMember 2020-01-01 2020-03-31 0001652561 us-gaap:AccountsReceivableMember 2020-01-01 2020-03-31 0001652561 DQWS:CustomerAMember 2021-03-31 0001652561 DQWS:CustomerBMember 2021-03-31 0001652561 DQWS:CustomerCMember 2021-03-31 0001652561 DQWS:CustomerAMember 2020-03-31 0001652561 DQWS:CustomerBMember 2020-03-31 0001652561 DQWS:CustomerCMember 2020-03-31 0001652561 us-gaap:AccountsPayableMember DQWS:VendorBMember 2021-01-01 2021-03-31 0001652561 us-gaap:AccountsPayableMember 2021-01-01 2021-03-31 0001652561 us-gaap:AccountsPayableMember DQWS:VendorAMember 2020-01-01 2020-03-31 0001652561 us-gaap:AccountsPayableMember DQWS:VendorBMember 2020-01-01 2020-03-31 0001652561 us-gaap:AccountsPayableMember 2020-01-01 2020-03-31 0001652561 DQWS:VendorAMember 2021-03-31 0001652561 DQWS:VendorBMember 2021-03-31 0001652561 DQWS:VendorAMember 2020-03-31 0001652561 DQWS:VendorBMember 2020-03-31 0001652561 us-gaap:AccountsReceivableMember DQWS:CustomerCMember 2021-01-01 2021-03-31 0001652561 us-gaap:AccountsReceivableMember DQWS:CustomerCMember 2020-01-01 2020-03-31 0001652561 us-gaap:AccountsPayableMember DQWS:VendorAMember 2021-01-01 2021-03-31 0001652561 2021-05-14 iso4217:USD xbrli:shares xbrli:pure iso4217:USD xbrli:shares DQWS:Integer 1.00 1.00 0.40 1 share of ordinary share of US$1 each 1 share of ordinary share of HK$1 each 2 shares of ordinary share of RM 1 each 250,000 shares of ordinary share of RM 1 each 1.00 1.00 1.00 0.40 6144 11113 96508 79054 96508 6144 11113 79054 192819 192819 143145 138371 4867 4774 6101 6101 1470 1470 26279 32134 33040 37995 11197 20911 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>3. VIE STRUCTURE AND ARRANGEMENTS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 27, 2016, DSwiss (HK) Limited (&#8220;DSHK&#8221;) entered into a Management Services Agreement (the &#8220;Management Services Agreement I&#8221;) which entitles DSHK to substantially entitled to all of the economic benefits of DSwiss Biotech Sdn Bhd (&#8220;DSBT&#8221;) in consideration of services provided by DSHK to DSBT. Pursuant to the Management Services Agreement I, DSHK has the exclusive right to provide to DSBT management, financial and other services related to the operation of DSBT&#8217;s business, and DSBT is required to take all commercially reasonable efforts to permit and facilitate the provision of the services provided by DSHK. As compensation for providing the services, DSHK is entitled to receive a fee from DSBT, upon demand, equal to 100% of the annual net profits of DSBT during the term of the Management Services Agreement I. DSHK may also request, on ad hoc basis, quarterly payments of the aggregate fee, which payments will be credited against DSBT&#8217;s future payment obligations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Management Services Agreement I also provides DSHK, or its designee, with a right of first refusal to acquire all or any portion of the equity of DSBT upon any proposal by the sole shareholder of DSBT to transfer such equity. In addition, at the sole discretion of DSHK, DSBT is obligated to transfer to DSHK, or its designee, any part or all of the business, personnel, assets and operations of DSBT which may be lawfully conducted, employed, owned or operated by DSHK, including:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(a) business opportunities presented to, or available to DSBT may be pursued and contracted for in the name of DSHK rather than DSBT, and at its discretion, DSHK may employ the resources of DSBT to secure such opportunities;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(b) any tangible or intangible property of DSBT, any contractual rights, any personnel, and any other items or things of value held by DSBT may be transferred to DSHK at book value;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(c) real property, personal or intangible property, personnel, services, equipment, supplies and any other items useful for the conduct of the business may be obtained by DSHK by acquisition, lease, license or otherwise, and made available to DSBT on terms to be determined by agreement between DSHK and DSBT;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(d) contracts entered into in the name of DSBT may be transferred to DSHK, or the work under such contracts may be subcontracted, in whole or in part, to DSHK, on terms to be determined by agreement between DSHK and DSBT; and</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(e) any changes to, or any expansion or contraction of, the business may be carried out in the exercise of the sole discretion of DSHK, and in the name of and at the expense of, DSHK; provided, however, that none of the foregoing may cause or have the effect of terminating (without being substantially replaced under the name of DSHK) or adversely affecting any license, permit or regulatory status of DSBT.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In addition, DSHK entered into certain agreements with Jervey Choon, (the &#8220;DSBT shareholder&#8221;), including</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px"><font style="font-size: 10pt">(i)</font></td> <td><font style="font-size: 10pt">a Call Option Agreement allowing DSHK to acquire the shares of DSBT as permitted by Malaysia laws;</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: top"> <td><font style="font-size: 10pt">(ii)</font></td> <td><font style="font-size: 10pt">a Shareholders&#8217; Voting Rights Proxy Agreement that provides DSHK with the voting rights of the DSBT; and</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: top"> <td><font style="font-size: 10pt">(ii)</font></td> <td><font style="font-size: 10pt">an Equity Pledge Agreement that pledges the shares in DSBT.</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This VIE structure provides DSHK, a wholly-owned subsidiary of DSwiss Holding Limited, which is the wholly-owned subsidiary of DSwiss Inc, with control over the operations and benefits of DSBT without having a direct equity ownership in DSBT.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>5. PLANT AND EQUIPMENT</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2021</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>December 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2020</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Computer and software</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">96,508</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">96,508</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Furniture and fittings</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">6,144</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">6,144</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Office equipment</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">11,113</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">11,113</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Motor vehicle</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">79,054</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">79,054</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Total plant and equipment</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">192,819</font></td> <td>&#160;</td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">192,819</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Accumulated depreciation</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(143,145</font></td> <td><font style="font-size: 10pt">)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(138,371</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Effect of translation exchange</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(6,349</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(2,495</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Plant and equipment, net</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">43,325</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">51,953</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Depreciation expense for the three months ended March 31, 2021 and 2020 were $4,774 and $4,867 respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b>6. INTANGIBLE ASSETS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2021</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>December 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2020</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Trademarks</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">12,077</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">12,077</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Amortization</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(6,101</font></td> <td><font style="font-size: 10pt">)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(6,101</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Effect of translation exchange</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(454</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(411</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Intangible assets, net</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">5,522</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">5,565</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Amortization for the three months ended March 31, 2021 was $0.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Amortization for the three months ended March 31, 2020 was $259.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b>8. INVENTORIES</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2021</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>December 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2020</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; padding-bottom: 1.5pt"><font style="font-size: 10pt">Finished goods, at cost</font></td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; width: 1%"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; width: 16%; text-align: right"><font style="font-size: 10pt">33,040</font></td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; width: 1%"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; width: 16%; text-align: right"><font style="font-size: 10pt">37,995</font></td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Total inventories</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">33,040</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">37,995</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>12. INCOME TAXES</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the three months ended March 2021 and 2020, the local (United States) and foreign components of profit before income taxes were comprised of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>For the three months ended</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31, 2021</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>For the three months ended</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31, 2020</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Tax jurisdictions from:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 62%"><font style="font-size: 10pt">- Local</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">(4,024</font></td> <td style="width: 1%"><font style="font-size: 10pt">)</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">(6,761</font></td> <td style="width: 1%"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">- Foreign, representing</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Seychelles</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(1,500</font></td> <td><font style="font-size: 10pt">)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(93</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Hong Kong</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(1,841</font></td> <td><font style="font-size: 10pt">)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">702</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Malaysia</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">40,153</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">15,197</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">PRC</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(6,063</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Profit before income tax</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">32,788</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">2,982</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The provision for income taxes consisted of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>&#160;For the three months ended March 31, 2021 </b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>&#160;For the three months ended March 31, 2020 </b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Current:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 62%; padding-left: 10pt"><font style="font-size: 10pt">- Local</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">- Foreign</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Deferred:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">- Local</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt"><font style="font-size: 10pt"><b>- Foreign</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>-</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>-</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Income tax expense</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company has subsidiaries that operate in various countries: United States, Seychelles, Hong Kong, Malaysia, PRC that are subject to taxes in the jurisdictions in which they operate, as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>United States of America</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of March 31, 2021, the operations in the United States of America incurred $389,573 of cumulative net operating losses which can be carried forward to offset future taxable income, at the tax rate of 21%. The net operating loss carry forwards begin to expire in 2038, if unutilized. The Company has provided for a full valuation allowance of $81,810 against the deferred tax assets on the expected future tax benefits from the net operating loss carry forwards as the management believes it is more likely than not that these assets will not be realized in the future.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Seychelles</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Under the current laws of the Seychelles, DSwiss Holding Limited is registered as an international business company which governs by the International Business Companies Act of Seychelles and there is no income tax charged in Seychelles.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Hong Kong</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">DSwiss (HK) Limited is subject to Hong Kong Profits Tax, which is charged at the statutory income tax rate of 16.5% on its assessable income. As of March 31, 2021, the operations in the Hong Kong incurred $624,056 of cumulative net operating losses which can be carried forward to offset future taxable income, at the tax rate of 16.5%. The Company has provided for a full valuation allowance of $102,969 against the deferred tax assets on the expected future tax benefits from the net operating loss carry forwards as the management believes it is more likely than not that these assets will not be realized in the future.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Malaysia</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">DSwiss Sdn Bhd and DSwiss Biotech Sdn Bhd are subject to Malaysia Corporate Tax, which is charged at the statutory income tax rate range from 17% to 24% on its assessable income. As of March 31, 2021, the operations in the Malaysia incurred $433,385 of cumulative net operating losses which can be carried forward to offset future taxable income, at the tax rate of 17%. The Company has provided for a full valuation allowance of $73,675 against the deferred tax assets on the expected future tax benefits from the net operating loss carry forwards as the management believes it is more likely than not that these assets will not be realized in the future.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>15. SUBSEQUENT EVENTS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 20pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with ASC Topic 855, &#8220;<i>Subsequent Events</i>&#8221;, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after March 31, 2021 up through the date the Company issued the audited consolidated financial statements.</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2021</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>December 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2020</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Computer and software</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">96,508</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">96,508</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Furniture and fittings</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">6,144</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">6,144</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Office equipment</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">11,113</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">11,113</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Motor vehicle</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">79,054</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">79,054</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Total plant and equipment</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">192,819</font></td> <td>&#160;</td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">192,819</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Accumulated depreciation</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(143,145</font></td> <td><font style="font-size: 10pt">)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(138,371</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Effect of translation exchange</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(6,349</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(2,495</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Plant and equipment, net</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">43,325</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">51,953</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2021</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>December 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2020</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Trademarks</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">12,077</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">12,077</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Amortization</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(6,101</font></td> <td><font style="font-size: 10pt">)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(6,101</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Effect of translation exchange</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(454</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(411</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Intangible assets, net</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">5,522</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">5,565</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2021</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>December 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2020</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Prepaid expenses</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">1,470</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">1,470</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Deposits</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">26,279</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">32,134</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Total prepaid expenses and deposits</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">27,749</font></td> <td>&#160;</td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">33,604</font></td> <td>&#160;</td></tr> </table> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2021</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>December 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2020</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; padding-bottom: 1.5pt"><font style="font-size: 10pt">Finished goods, at cost</font></td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; width: 1%"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; width: 16%; text-align: right"><font style="font-size: 10pt">33,040</font></td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; width: 1%"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; width: 16%; text-align: right"><font style="font-size: 10pt">37,995</font></td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Total inventories</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">33,040</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">37,995</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the three months ended March 2021 and 2020, the local (United States) and foreign components of profit before income taxes were comprised of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>For the three months ended</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31, 2021</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>For the three months ended</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31, 2020</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Tax jurisdictions from:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 62%"><font style="font-size: 10pt">- Local</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">(4,024</font></td> <td style="width: 1%"><font style="font-size: 10pt">)</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">(6,761</font></td> <td style="width: 1%"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">- Foreign, representing</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Seychelles</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(1,500</font></td> <td><font style="font-size: 10pt">)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(93</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Hong Kong</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(1,841</font></td> <td><font style="font-size: 10pt">)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">702</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Malaysia</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">40,153</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">15,197</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">PRC</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(6,063</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Profit before income tax</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">32,788</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">2,982</font></td> <td style="padding-bottom: 2.5pt"></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The provision for income taxes consisted of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>&#160;For the three months ended March 31, 2021 </b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>&#160;For the three months ended March 31, 2020 </b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Current:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 62%; padding-left: 10pt"><font style="font-size: 10pt">- Local</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">- Foreign</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Deferred:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">- Local</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt"><font style="font-size: 10pt"><b>- Foreign</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>-</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>-</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Income tax expense</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> 206904600 206904600 206904600 206904600 P10Y 4.31 4.41 7.75 7.77 4.14 4.07 7.76 7.77 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Basis of presentation</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (&#8220;US GAAP&#8221;).</p> 27749 33604 33040 37995 43325 51953 5522 5565 167891 166900 259 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Basis of consolidation</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The condensed consolidated financial statements include the accounts of the Company and its subsidiaries in which the Company is the primary beneficiary. All inter-company accounts and transactions have been eliminated upon consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><u>Use of estimates</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">In preparing these consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets, and revenues and expenses during the periods reported. Actual results may differ from these estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Net income/(loss) per share</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company calculates net income/(loss) per share in accordance with ASC Topic 260, <i>&#8220;Earnings per Share.&#8221;</i> Basic income/(loss) per share is computed by dividing the net income/(loss) by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income/(loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>9. OTHER PAYABLES AND ACCRUED LIABILITIES</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2021</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>December 31, 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Other payables</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">132,952</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">123,408</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Accrued audit fees</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">19,638</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">18,831</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Accrued other expenses</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">11,197</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">20,911</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Accrued professional fees</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">4,104</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">3,750</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Total payables and accrued liabilities</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">167,891</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">166,900</font></td> <td style="padding-bottom: 2.5pt"></td></tr> </table> Investment holding Supply of beauty products Supply of beauty products Supply of biotech products DSwiss Holding Limited DSwiss (HK) Limited DSwiss Sdn Bhd DSwiss Biotech Sdn Bhd 12077 12077 132952 123408 <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2021</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>December 31, 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Other payables</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">132,952</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">123,408</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Accrued audit fees</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">19,638</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">18,831</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Accrued other expenses</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">11,197</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">20,911</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Accrued professional fees</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">4,104</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">3,750</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Total payables and accrued liabilities</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">167,891</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">166,900</font></td> <td style="padding-bottom: 2.5pt"></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Depreciation of plant, equipment and software are calculated on the straight-line method over their estimated useful lives or lease terms generally as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: black 1.5pt solid; width: 45%"><font style="font-size: 10pt"><b>Classification</b></font></td> <td style="width: 5%">&#160;</td> <td style="border-bottom: black 1.5pt solid; width: 50%; text-align: center"><font style="font-size: 10pt"><b>Estimated useful lives</b></font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Computer and software</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">5 years</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Furniture and fittings</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">5 years</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Office equipment</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">10 years</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Motor vehicle</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">5 years</font></td></tr> </table> The effective interest rate of 3.99% per annum, due through June 30, 2025, with principal and interest payable monthly. <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Translation of amounts from RM into US$1 and HK$ into US$1 has been made at the following exchange rates for the respective periods:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt">As of and for the three months ended <br /> March 31,</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt">2021</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt">2020</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Period-end RM : US$1 exchange rate</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">4.14</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">4.31</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Period-average RM : US$1 exchange rate</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">4.07</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">4.41</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Period-end HK$ : US$1 exchange rate</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.76</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.75</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Period-average HK$ : US$1 exchange rate</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.77</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.77</font></td> <td></td></tr> </table> 9589 10006 2546 19638 18831 4104 3750 6349 2495 0.0399 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><u>Cost of revenue</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cost of revenue includes the purchase cost of retail goods for re-sale to customers and packing materials (such as boxes). It excludes purchasing and receiving costs, inspection costs, warehousing costs, internal transfer costs and other costs of distribution network in cost of revenues.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><u>Shipping and handling fees</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Shipping and handling fees, if billed to customers, are included in revenue. Shipping and handling fees associated with inbound and outbound freight are expensed as incurred and included in selling and distribution expenses. Shipping and handling fees are expensed as incurred for the three months ended March 31, 2021 were $717, while for the three months ended March 31, 2020 were $5,015.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><u>Selling and distribution expenses</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Selling and distribution expenses are primarily comprised of travelling and accommodation, transportation fees such as petrol, toll and parking and shipping and handling fees.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Cash and cash equivalents</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company consider all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalent.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Inventories</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Inventories consisting of products available for sell, are stated at the lower of cost or market value. Cost of inventory is determined using the first-in, first-out (FIFO) method. Inventory reserve is recorded to write down the cost of inventory to the estimated market value due to slow-moving merchandise and damaged goods, which is dependent upon factors such as historical and forecasted consumer demand, and promotional environment. The Company takes ownership, risks and rewards of the products purchased. Write downs are recorded in cost of revenues in the Condensed Consolidated Statements of Operations and Comprehensive Income.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Plant and equipment</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Plant and equipment are stated at cost less accumulated depreciation and impairment. Depreciation of plant, equipment and software are calculated on the straight-line method over their estimated useful lives or lease terms generally as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: black 1.5pt solid; width: 45%"><font style="font-size: 10pt"><b>Classification</b></font></td> <td style="width: 5%">&#160;</td> <td style="border-bottom: black 1.5pt solid; width: 50%; text-align: center"><font style="font-size: 10pt"><b>Estimated useful lives</b></font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Computer and software</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">5 years</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Furniture and fittings</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">5 years</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Office equipment</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">10 years</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Motor vehicle</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">5 years</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Intangible assets</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Intangible assets are stated at cost less accumulated amortization. Intangible assets represented the registration costs of trademarks in Malaysia and Hong Kong, which are amortized on a straight-line basis over a useful life of ten years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company follows ASC Topic 350 in accounting for intangible assets, which requires impairment losses to be recorded when indicators of impairment are present and the undiscounted cash flows estimated to be generated by the assets are less than the assets&#8217; carrying amounts. There were no impairment losses recorded on intangible assets for the three months ended March 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Income taxes</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The provision of income taxes is determined in accordance with the provisions of ASC Topic 740, &#8220;Income Taxes&#8221; (&#8220;ASC 740&#8221;). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company conducts much of its businesses activities in Hong Kong and is subject to tax in this jurisdiction. As a result of its business activities, the Company will file separate tax returns that are subject to examination by the foreign tax authorities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Foreign currencies translation</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the Condensed Consolidated Statements of Operations and Comprehensive Income.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The reporting currency of the Company is United States Dollars (&#8220;US$&#8221;) and the accompanying financial statements have been expressed in US$. In addition, the Company&#8217;s subsidiaries and VIEs in Malaysia and Hong Kong maintains their books and record in their local currency, Ringgits Malaysia (&#8220;RM&#8221;) and Hong Kong Dollars (&#8220;HK$&#8221;) respectively, which is functional currency as being the primary currency of the economic environment in which the entity operates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, &#8220;<i>Translation of Financial Statement&#8221;</i>, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the statements of stockholders&#8217; equity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Translation of amounts from RM into US$1 and HK$ into US$1 has been made at the following exchange rates for the respective periods:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt">As of and for the three months ended <br /> March 31,</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt">2021</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt">2020</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Period-end RM : US$1 exchange rate</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">4.14</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">4.31</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Period-average RM : US$1 exchange rate</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">4.07</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">4.41</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Period-end HK$ : US$1 exchange rate</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.76</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.75</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Period-average HK$ : US$1 exchange rate</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.77</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.77</font></td> <td></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Recent accounting pronouncements</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">FASB issues various Accounting Standards Updates relating to the treatment and recording of certain accounting transactions. On June 10, 2014, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2014-10, <i>Development Stage Entities </i>(Topic 915) Elimination of Certain Financial Reporting Requirements, including an Amendment to Variable Interest Entities Guidance in Topic 810, <i>Consolidation</i>, which eliminates the concept of a development stage entity (DSE) entirely from current accounting guidance. The Company has elected adoption of this standard, which eliminates the designation of DSEs and the requirement to disclose results of operations and cash flows since inception.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><u>Revenue recognition</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company follows the guidance of Accounting Standards Codification (ASC) 606, <i>Revenue from Contracts</i>. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Revenue from trading of retail goods is recognized when title and risk of loss are transferred and there are no continuing obligations to the customer. Title and the risks and rewards of ownership transfer to and accepted by the customer when the products are collected by the customer at the Company&#8217;s office. Revenue is recorded net of sales discounts, returns, allowances, and other adjustments that are based upon management&#8217;s best estimates and historical experience and are provided for in the same period as the related revenues are recorded.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company mainly derives its revenue from the sale of healthy food products. Generally, the Company recognizes revenue when products are sold and accepted by the customers and there are no continuing obligations to the customer.</p> 43906 46490 40070 42194 Seychelles, May 28, 2015 Hong Kong, May 28, 2015 Malaysia, March 10, 2011 Malaysia, March 17, 2016 8756 9876 31314 32318 127428 158004 89800 9146 541 434 278558 239183 84276 105171 362834 344354 378 1213 368287 381540 399601 413858 0.0001 0.0001 200000000 200000000 0.0001 0.0001 600000000 600000000 527542 289878 34445 173379 252337 57106 115639 172745 44513 407536 173079 120006 116799 1204 1963 76879 70911 21412 178 -7547 2982 32788 2982 -8965 11947 32788 23864 8924 -568 302 -9533 24166 -0.00 0.00 206904600 206904600 15791 20793 19751 -790 -11145 80655 -9540 8839 7311 -4955 -61675 -5810 84173 -20088 -115 -107 84058 -20195 2199 -2199 93 416 -1796 -1708 -1818 -8673 78245 -30576 48353 126598 127428 158004 -115 -540 454 411 0.165 0.17 0.24 0.17 -6761 -4024 40153 -1500 -1841 -93 702 15197 -6063 0.10 0.10 0.10 0.10 0.12 0.60 0.87 0.10 0.77 0.33 0.77 0.87 0.12 0.52 0.64 0.15 0.87 0.10 80601 4639 75962 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b>4. STOCKHOLDERS&#8217; EQUITY</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">As of March 31, 2021, the Company had a total of 206,904,600 of its common stock issued and outstanding. There are no shares of preferred stock issued and outstanding.</p> 136308 136308 35429 47653 -10579 -11828 4296 3836 1951 -251 11849 14426 11828 46094 36286 35429 47653 P1Y P1Y 0.0447 0.0447 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><u>Related parties</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2021, operating lease liability as follow:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 80%"><font style="font-size: 10pt">As of January 1, 2021</font></td> <td style="width: 2%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">48,114</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Less: gross repayment</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(12,241</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Add: imputed interest</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">447</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Effect of translation exchange</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(34</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Balance as of March 31, 2021</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">36,286</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Lease liability current portion</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">36,286</font></td> <td style="padding-bottom: 2.5pt"></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Maturities of operating lease obligation as follow:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Year ending</font></td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 82%; padding-bottom: 1.5pt"><font style="font-size: 10pt">December 31, 2021</font></td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; width: 1%">&#160;</td> <td style="border-bottom: black 1.5pt solid; width: 15%; text-align: right"><font style="font-size: 10pt">36,286</font></td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Total</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">36,286</font></td> <td style="padding-bottom: 2.5pt"></td></tr> </table> 447 389573 624056 433385 0.165 0.21 81810 102969 73675 36286 48114 31314 32318 20690 20690 1395426 1395426 -27875 -28177 -71065 -95231 34298 25727 362834 344354 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Segment reporting</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC Topic 280, &#8220;<i>Segment Reporting</i>&#8221; establishes standards for reporting information about operating segments on a basis consistent with the Company&#8217;s internal organization structure as well as information about geographical areas, business segments and major customers in financial statements. For the three months ended March 31, 2021, the Company operates in four reportable operating segment in Malaysia, China and Hong Kong.</p> 5015 717 P5Y P5Y P10Y P5Y 1.00 The net operating loss carry forwards begin to expire in 2038, if unutilized. 0.0447 136308 36286 48114 154976 155437 -1459306 -1483170 -11828 45312 8756 102830 88404 16019 45312 12241 541 459 DSwiss Inc 0001652561 10-Q 2021-03-31 false --12-31 Yes No Non-accelerated Filer true false false Q1 2021 206904600 206904600 206904600 206904600 -104442 20690 1395426 -34564 -1490845 4851 -102029 20690 1395426 -35132 -1499810 16797 -36767 -69504 20690 20690 1395426 1395426 -28177 -27875 -1483170 -1459306 25727 34298 -568 -568 -51 302 -353 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b>7. OTHER RECEIVABLES, PREPAID EXPENSES AND DEPOSITS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2021</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>December 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2020</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Prepaid expenses</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">1,470</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">1,470</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Deposits</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">26,279</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">32,134</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Total prepaid expenses and deposits</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">27,749</font></td> <td>&#160;</td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">33,604</font></td> <td></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>11. AMOUNT DUE TO A DIRECTOR</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2021 and December 31, 2020, a director of the Company advanced $154,976 and $155,437, respectively to the Company, which is unsecured, interest-free with no fixed repayment term, for working capital purpose.</p> greater than 50% 4 9173 1889 2124 459 206904600 129422 146337 44733 821713 866466 16915 36286 11947 8924 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>1. DESCRIPTION OF BUSINESS AND ORGANIZATION</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">DSwiss, Inc. is organized as a Nevada limited liability company, incorporated on May 28, 2015. For the purposes of financial statement presentation, DSwiss, Inc. and its subsidiaries are herein referred to as &#8220;the Company&#8221; or &#8220;we&#8221;. The Principal activity of the Company is premier biotech-nutraceutical, beauty supplies, and medical consumables supplies. The company sells medical consumable supplies, food supplements, skincare, and other related beauty products in Malaysia and around the ASEAN region. We are globally recognized Turnkey Private Label Manufacturing Services for nutraceutical and skincare OEM/ODM products.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our professionals manage from custom formulation of scientifically proven and naturally effective, sourcing raw materials, production, quality control, stability, and safety test, clinical testing by third-party labs, packaging, and shipping, including import and export.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our manufacturing facilities which compliant with GMP (Good Manufacturing Practise), FDA (Food Drug Association), HACCP (Hazard Analysis and Critical Control Point), JAKIM HALAL, and Mesti.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying unaudited condensed consolidated financial statements of DSwiss, Inc. at March 31, 2021 and 2020 have been prepared in accordance with generally accepted accounting principles (&#8220;GAAP&#8221;) for interim financial statements, instructions to Form 10-Q, and Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the financial statements and notes thereto included in our annual report on Form 10-K for the year ended December 31, 2020. In management&#8217;s opinion, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation to make our financial statements not misleading have been included. The results of operations for the periods ended March 31, 2021 and 2020 presented are not necessarily indicative of the results to be expected for the full year. The December 31, 2020 balance sheet has been derived from our audited financial statements included in our annual report on Form 10-K for the year ended December 31, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We have historically conducted our business through DSwiss Sdn Bhd, a private limited liability company, incorporated in Malaysia. DSwiss Holding Limited, incorporated in Seychelles, is an investment holding company with 100% equity interest in DSwiss (HK) Limited, a company incorporated in Hong Kong, which subsequent hold 100% equity interest in DSwiss Sdn. Bhd. On August 31, 2015, DSwiss, Inc. was restructured to be the holding company parent to, and succeed to the operations of, DSwiss Holding Limited. The former unit holder of DSwiss Holding Limited became the unit holder of DSwiss, Inc. and DSwiss Holding Limited became a wholly-owned subsidiary of DSwiss, Inc. This transaction was accounted for as a transaction among entities under common control and the assets, liabilities, revenues and expenses of DSwiss Holding Limited were carried over to and combined with DSwiss, Inc. at historical cost, and as if the transfer occurred at the beginning of the period. Prior periods have been retrospectively adjusted for comparative purposes.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We have invested in DSwiss Biotech Sdn Bhd, a Company incorporated in Malaysia, and owned 40% equity interest.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company, through its subsidiaries and its variable interest entities (&#8220;VIEs&#8221;), mainly supplies high quality beauty products. Details of the Company&#8217;s subsidiaries and associates:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Company name</font></td> <td style="text-align: center">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Place and date of incorporation</font></td> <td style="text-align: center">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Particulars of issued<br /> capital</font></td> <td style="text-align: center">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Principal activities</font></td> <td style="text-align: center">&#160;</td> <td colspan="3" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Proportional of ownership&#160;interest <br /> and voting power held</font></td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="3">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">1.</font></td> <td style="width: 1%">&#160;</td> <td style="width: 26%"><font style="font: 10pt Times New Roman, Times, Serif">DSwiss Holding Limited</font></td> <td style="width: 1%">&#160;</td> <td style="width: 15%"><font style="font: 10pt Times New Roman, Times, Serif">Seychelles, <br /> May 28, 2015</font></td> <td style="width: 1%">&#160;</td> <td style="width: 20%"><font style="font: 10pt Times New Roman, Times, Serif">1 share of ordinary share of US$1 each</font></td> <td style="width: 1%">&#160;</td> <td style="width: 20%"><font style="font: 10pt Times New Roman, Times, Serif">Investment holding</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">2.</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">DSwiss (HK) Limited</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">Hong Kong, <br /> May 28, 2015</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">1 share of ordinary share of HK$1 each</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">Supply of beauty products</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">3.</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">DSwiss Sdn Bhd</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">Malaysia, <br /> March 10, 2011</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">2 shares of ordinary share of RM 1 each</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">Supply of beauty products</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">4.</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">DSwiss Biotech Sdn Bhd(1)</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">Malaysia, <br /> March 17, 2016</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">250,000 shares of ordinary share of RM 1 each</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">Supply of biotech products</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">40</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(1) Based on the contractual arrangements between the Company and other investors, the Company has the power to direct the relevant activities of these entities unilaterally, and hence the Company has control over these entities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Details of the Company&#8217;s subsidiaries and associates:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Company name</font></td> <td style="text-align: center">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Place and date of incorporation</font></td> <td style="text-align: center">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Particulars of issued<br /> capital</font></td> <td style="text-align: center">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Principal activities</font></td> <td style="text-align: center">&#160;</td> <td colspan="3" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Proportional of ownership&#160;interest <br /> and voting power held</font></td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="3">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">1.</font></td> <td style="width: 1%">&#160;</td> <td style="width: 26%"><font style="font: 10pt Times New Roman, Times, Serif">DSwiss Holding Limited</font></td> <td style="width: 1%">&#160;</td> <td style="width: 15%"><font style="font: 10pt Times New Roman, Times, Serif">Seychelles, <br /> May 28, 2015</font></td> <td style="width: 1%">&#160;</td> <td style="width: 20%"><font style="font: 10pt Times New Roman, Times, Serif">1 share of ordinary share of US$1 each</font></td> <td style="width: 1%">&#160;</td> <td style="width: 20%"><font style="font: 10pt Times New Roman, Times, Serif">Investment holding</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">2.</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">DSwiss (HK) Limited</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">Hong Kong, <br /> May 28, 2015</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">1 share of ordinary share of HK$1 each</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">Supply of beauty products</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">3.</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">DSwiss Sdn Bhd</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">Malaysia, <br /> March 10, 2011</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">2 shares of ordinary share of RM 1 each</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">Supply of beauty products</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">4.</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">DSwiss Biotech Sdn Bhd(1)</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">Malaysia, <br /> March 17, 2016</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">250,000 shares of ordinary share of RM 1 each</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">Supply of biotech products</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">40</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(1) Based on the contractual arrangements between the Company and other investors, the Company has the power to direct the relevant activities of these entities unilaterally, and hence the Company has control over these entities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Basis of presentation</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (&#8220;US GAAP&#8221;).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Basis of consolidation</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The condensed consolidated financial statements include the accounts of the Company and its subsidiaries in which the Company is the primary beneficiary. All inter-company accounts and transactions have been eliminated upon consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><u>Use of estimates</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">In preparing these consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets, and revenues and expenses during the periods reported. Actual results may differ from these estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><u>Revenue recognition</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company follows the guidance of Accounting Standards Codification (ASC) 606, <i>Revenue from Contracts</i>. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Revenue from trading of retail goods is recognized when title and risk of loss are transferred and there are no continuing obligations to the customer. Title and the risks and rewards of ownership transfer to and accepted by the customer when the products are collected by the customer at the Company&#8217;s office. Revenue is recorded net of sales discounts, returns, allowances, and other adjustments that are based upon management&#8217;s best estimates and historical experience and are provided for in the same period as the related revenues are recorded.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company mainly derives its revenue from the sale of healthy food products. Generally, the Company recognizes revenue when products are sold and accepted by the customers and there are no continuing obligations to the customer.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><u>Cost of revenue</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cost of revenue includes the purchase cost of retail goods for re-sale to customers and packing materials (such as boxes). It excludes purchasing and receiving costs, inspection costs, warehousing costs, internal transfer costs and other costs of distribution network in cost of revenues.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><u>Shipping and handling fees</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Shipping and handling fees, if billed to customers, are included in revenue. Shipping and handling fees associated with inbound and outbound freight are expensed as incurred and included in selling and distribution expenses. Shipping and handling fees are expensed as incurred for the three months ended March 31, 2021 were $717, while for the three months ended March 31, 2020 were $5,015.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><u>Selling and distribution expenses</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Selling and distribution expenses are primarily comprised of travelling and accommodation, transportation fees such as petrol, toll and parking and shipping and handling fees.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Cash and cash equivalents</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company consider all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalent.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Inventories</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Inventories consisting of products available for sell, are stated at the lower of cost or market value. Cost of inventory is determined using the first-in, first-out (FIFO) method. Inventory reserve is recorded to write down the cost of inventory to the estimated market value due to slow-moving merchandise and damaged goods, which is dependent upon factors such as historical and forecasted consumer demand, and promotional environment. The Company takes ownership, risks and rewards of the products purchased. Write downs are recorded in cost of revenues in the Condensed Consolidated Statements of Operations and Comprehensive Income.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Plant and equipment</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Plant and equipment are stated at cost less accumulated depreciation and impairment. Depreciation of plant, equipment and software are calculated on the straight-line method over their estimated useful lives or lease terms generally as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: black 1.5pt solid; width: 45%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Classification</b></font></td> <td style="width: 5%">&#160;</td> <td style="border-bottom: black 1.5pt solid; width: 50%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Estimated useful lives</b></font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Computer and software</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Furniture and fittings</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Office equipment</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">10 years</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Motor vehicle</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Intangible assets</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Intangible assets are stated at cost less accumulated amortization. Intangible assets represented the registration costs of trademarks in Malaysia and Hong Kong, which are amortized on a straight-line basis over a useful life of ten years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company follows ASC Topic 350 in accounting for intangible assets, which requires impairment losses to be recorded when indicators of impairment are present and the undiscounted cash flows estimated to be generated by the assets are less than the assets&#8217; carrying amounts. There were no impairment losses recorded on intangible assets for the three months ended March 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Leases</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Prior to November 1, 2019, the Company accounted for leases under ASC 840,&#160;<i>Accounting for Leases</i>. Effective November 1, 2019, the Company adopted the guidance of ASC 842,&#160;<i>Leases,</i>&#160;which requires an entity to recognize a right-of-use asset and a lease liability for virtually all leases. The implementation of ASC 842 did not have a material impact on the Company&#8217;s consolidated financial statements and did not have a significant impact on our liquidity. The Company adopted ASC 842 using a modified retrospective approach. As a result, the comparative financial information has not been updated and the required disclosures prior to the date of adoption have not been updated and continue to be reported under the accounting standards in effect for those periods. (see Note 10).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Income taxes</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The provision of income taxes is determined in accordance with the provisions of ASC Topic 740, &#8220;Income Taxes&#8221; (&#8220;ASC 740&#8221;). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company conducts much of its businesses activities in Hong Kong and is subject to tax in this jurisdiction. As a result of its business activities, the Company will file separate tax returns that are subject to examination by the foreign tax authorities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Net income/(loss) per share</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company calculates net income/(loss) per share in accordance with ASC Topic 260, <i>&#8220;Earnings per Share.&#8221;</i> Basic income/(loss) per share is computed by dividing the net income/(loss) by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income/(loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Foreign currencies translation</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the Condensed Consolidated Statements of Operations and Comprehensive Income.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The reporting currency of the Company is United States Dollars (&#8220;US$&#8221;) and the accompanying financial statements have been expressed in US$. In addition, the Company&#8217;s subsidiaries and VIEs in Malaysia and Hong Kong maintains their books and record in their local currency, Ringgits Malaysia (&#8220;RM&#8221;) and Hong Kong Dollars (&#8220;HK$&#8221;) respectively, which is functional currency as being the primary currency of the economic environment in which the entity operates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, &#8220;<i>Translation of Financial Statement&#8221;</i>, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the statements of stockholders&#8217; equity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Translation of amounts from RM into US$1 and HK$ into US$1 has been made at the following exchange rates for the respective periods:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">As of and for the three months ended <br /> March 31,</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">2021</font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">2020</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font: 10pt Times New Roman, Times, Serif">Period-end RM : US$1 exchange rate</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4.14</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4.31</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Period-average RM : US$1 exchange rate</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4.07</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4.41</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Period-end HK$ : US$1 exchange rate</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7.76</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7.75</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Period-average HK$ : US$1 exchange rate</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7.77</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7.77</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><u>Related parties</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><u>Fair value of financial instruments:</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The carrying value of the Company&#8217;s financial instruments: cash and cash equivalents, accounts receivable, deposits, accounts payable, other payables, and accounts payable approximate at their fair values because of the short-term nature of these financial instruments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company also follows the guidance of the ASC Topic 820-10, &#8220;<i>Fair Value Measurements and Disclosures</i>&#8221; (&#8220;ASC 820-10&#8221;), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><i>Level 1</i>: Observable inputs such as quoted prices in active markets;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><i>Level 2</i>: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><i>Level 3</i>: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Segment reporting</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC Topic 280, &#8220;<i>Segment Reporting</i>&#8221; establishes standards for reporting information about operating segments on a basis consistent with the Company&#8217;s internal organization structure as well as information about geographical areas, business segments and major customers in financial statements. For the three months ended March 31, 2021, the Company operates in four reportable operating segment in Malaysia, China and Hong Kong.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Recent accounting pronouncements</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">FASB issues various Accounting Standards Updates relating to the treatment and recording of certain accounting transactions. On June 10, 2014, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2014-10, <i>Development Stage Entities </i>(Topic 915) Elimination of Certain Financial Reporting Requirements, including an Amendment to Variable Interest Entities Guidance in Topic 810, <i>Consolidation</i>, which eliminates the concept of a development stage entity (DSE) entirely from current accounting guidance. The Company has elected adoption of this standard, which eliminates the designation of DSEs and the requirement to disclose results of operations and cash flows since inception.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Leases</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Prior to November 1, 2019, the Company accounted for leases under ASC 840,&#160;<i>Accounting for Leases</i>. Effective November 1, 2019, the Company adopted the guidance of ASC 842,&#160;<i>Leases,</i>&#160;which requires an entity to recognize a right-of-use asset and a lease liability for virtually all leases. The implementation of ASC 842 did not have a material impact on the Company&#8217;s consolidated financial statements and did not have a significant impact on our liquidity. The Company adopted ASC 842 using a modified retrospective approach. As a result, the comparative financial information has not been updated and the required disclosures prior to the date of adoption have not been updated and continue to be reported under the accounting standards in effect for those periods. (see Note 10).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><u>Fair value of financial instruments:</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The carrying value of the Company&#8217;s financial instruments: cash and cash equivalents, accounts receivable, deposits, accounts payable, other payables, and accounts payable approximate at their fair values because of the short-term nature of these financial instruments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company also follows the guidance of the ASC Topic 820-10, &#8220;<i>Fair Value Measurements and Disclosures</i>&#8221; (&#8220;ASC 820-10&#8221;), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><i>Level 1</i>: Observable inputs such as quoted prices in active markets;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><i>Level 2</i>: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><i>Level 3</i>: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>10. FINANCE LEASE LIABILITY</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company purchased a motor vehicle under a finance lease agreement with the effective interest rate of 3.99% per annum, due through June 30, 2025, with principal and interest payable monthly. The obligation under the finance lease is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of March 31,</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of December 31,</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font: 10pt Times New Roman, Times, Serif">Finance lease</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">43,906</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">46,490</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Less: interest expense</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(3,836</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(4,296</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Net present value of finance lease</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">40,070</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">42,194</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Current portion</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">8,756</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">9,876</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Non-current portion</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">31,314</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">32,318</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">40,070</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">42,194</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2021 the maturities of the finance lease for each of the years are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%"><font style="font: 10pt Times New Roman, Times, Serif">2021</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 18%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">8,756</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">2022</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">9,173</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">2023</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">9,589</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">2024</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10,006</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">2025</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,546</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">40,070</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The obligation under the finance lease is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of March 31,</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of December 31,</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font: 10pt Times New Roman, Times, Serif">Finance lease</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">43,906</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">46,490</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Less: interest expense</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(3,836</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(4,296</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Net present value of finance lease</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">40,070</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">42,194</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Current portion</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">8,756</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">9,876</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Non-current portion</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">31,314</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">32,318</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">40,070</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">42,194</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2021 the maturities of the finance lease for each of the years are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%"><font style="font: 10pt Times New Roman, Times, Serif">2021</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 18%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">8,756</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">2022</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">9,173</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">2023</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">9,589</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">2024</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10,006</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">2025</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,546</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">40,070</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>13. CONCENTRATIONS OF RISK</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is exposed to the following concentrations of risk:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(a) Major customers</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For three months ended March 31, 2021 and 2020, the customers who accounted for 10% or more of the Company&#8217;s revenues and its accounts receivable balance at period-end are presented as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Revenue</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Percentage of <br /> revenue</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts receivable</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 46%"><font style="font: 10pt Times New Roman, Times, Serif">Customer A</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">34,445</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">57,106</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">12</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">11</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4,639</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Customer B</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">173,379</font></td> <td>&#160;</td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">115,639</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">60</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">22</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">75,962</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Customer C</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">44,513</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">15</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">252,337</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">172,745</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">87</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">33</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">80,601</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(b) Major vendors</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For three months ended March 31, 2021 and 2020, the vendors who accounted for 10% or more of the Company&#8217;s purchases and its accounts payable balance at period-end are presented as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Purchase</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Percentage of <br /> purchase</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts payable</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 46%"><font style="font: 10pt Times New Roman, Times, Serif">Vendor A</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">16,915</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">44,733</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">12</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Vendor B</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">129,422</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">821,713</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">77</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">52</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">146,337</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">866,466</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">87</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">64</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All vendors are located in Malaysia.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">(c) Credit risk</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial instruments that are potentially subject to credit risk consist principally of accounts receivable. The Company believes the concentration of credit risk in its accounts receivable is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(d) Exchange rate risk</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company cannot guarantee that the current exchange rate will remain stable, therefore there is a possibility that the Company could post the same amount of income for two comparable periods and because of the fluctuating exchange rate actually post higher or lower income depending on exchange rate of RM converted to US$ and HK$ converted into US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(a) Major customers</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For three months ended March 31, 2021 and 2020, the customers who accounted for 10% or more of the Company&#8217;s revenues and its accounts receivable balance at period-end are presented as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Revenue</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Percentage of <br /> revenue</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts receivable</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 46%"><font style="font: 10pt Times New Roman, Times, Serif">Customer A</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">34,445</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">57,106</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">12</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">11</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4,639</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Customer B</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">173,379</font></td> <td>&#160;</td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">115,639</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">60</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">22</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">75,962</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Customer C</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">44,513</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">15</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">252,337</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">172,745</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">87</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">33</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">80,601</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(b) Major vendors</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For three months ended March 31, 2021 and 2020, the vendors who accounted for 10% or more of the Company&#8217;s purchases and its accounts payable balance at period-end are presented as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Purchase</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Percentage of <br /> purchase</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts payable</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 46%"><font style="font: 10pt Times New Roman, Times, Serif">Vendor A</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">16,915</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">44,733</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">12</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 6%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Vendor B</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">129,422</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">821,713</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">77</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">52</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">146,337</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">866,466</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">87</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">64</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>14. LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company officially adopted ASC 842 for the period on and after January 1, 2019 as permitted by ASU 2016-02. ASC 842 originally required all entities to use a &#8220;modified retrospective&#8221; transition approach that is intended to maximize comparability and be less complex than a full retrospective approach. On July 30, 2018, the FASB issued ASU 2018-11 to provide entities with relief from the costs of implementing certain aspects of the new leasing standard, ASU 2016-02 of which permits entities may elect not to recast the comparative periods presented when transitioning to ASC 842. As permitted by ASU 2018-11, the Company elect not to recast comparative periods, thusly.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of January 1, 2019, the Company recognized approximately US$136,308, lease liability as well as right-of-use asset for all leases (with the exception of short-term leases) at the commencement date. Lease liabilities are measured at present value of the sum of remaining rental payments as of January 1, 2020, with discounted rate of 4.47% adopted from Public Bank Berhad&#8217;s base lending rate as a reference for discount rate.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A single lease cost is recognized over the lease term on a generally straight-line basis. All cash payments of operating lease cost are classified within operating activities in the statement of cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The operating lease right and lease liability as follow:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2021 and December 31, 2020, operating lease right of use asset as follow:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of March 31, 2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of December 31, 2020</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font: 10pt Times New Roman, Times, Serif">As of beginning of the period/year</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">136,308</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">136,308</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Accumulated amortization</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(102,830</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(88,404</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Effect of translation exchange</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,951</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(251</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Balance as of end of the period/year</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">35,429</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">47,653</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2021 and December 31, 2020, the amortization of the operating lease right of use asset are $16,019 and $45,312 respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2021, operating lease liability as follow:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 80%"><font style="font: 10pt Times New Roman, Times, Serif">As of January 1, 2021</font></td> <td style="width: 2%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">48,114</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Less: gross repayment</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(12,241</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Add: imputed interest</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">447</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Effect of translation exchange</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(34</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Balance as of March 31, 2021</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">36,286</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Lease liability current portion</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">36,286</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Maturities of operating lease obligation as follow:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Year ending</font></td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 82%"><font style="font: 10pt Times New Roman, Times, Serif">December 31, 2021</font></td> <td style="width: 1%">&#160;</td> <td style="border-bottom: black 1.5pt solid; width: 1%">&#160;</td> <td style="border-bottom: black 1.5pt solid; width: 15%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">36,286</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">36,286</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Other information:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of March 31, 2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of December 31, 2020</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">(unaudited)</font></td> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">(audited)</font></td> <td style="text-align: center">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Cash paid for amounts included in the measurement of lease liabilities:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 62%"><font style="font: 10pt Times New Roman, Times, Serif">Operating cash flow from operating lease</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(11,828</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">45,312</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Right-of-use assets obtained in exchange for operating lease liabilities</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">35,429</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">47,653</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Remaining lease term for operating lease (years)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Weighted average discount rate for operating lease</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4.47</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4.47</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2021 and December 31, 2020, lease expenses were $11,828 and $46,094 respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2021 and December 31, 2020, operating lease right of use asset as follow:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of March 31, 2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of December 31, 2020</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font: 10pt Times New Roman, Times, Serif">As of beginning of the period/year</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">136,308</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">136,308</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Accumulated amortization</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(102,830</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(88,404</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Effect of translation exchange</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,951</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(251</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Balance as of end of the period/year</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">35,429</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">47,653</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Other information:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of March 31, 2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of December 31, 2020</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">(unaudited)</font></td> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">(audited)</font></td> <td style="text-align: center">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Cash paid for amounts included in the measurement of lease liabilities:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 62%"><font style="font: 10pt Times New Roman, Times, Serif">Operating cash flow from operating lease</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(11,828</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">45,312</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Right-of-use assets obtained in exchange for operating lease liabilities</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">35,429</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">47,653</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Remaining lease term for operating lease (years)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Weighted average discount rate for operating lease</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4.47</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4.47</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>15. SUBSEQUENT EVENTS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 20pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with ASC Topic 855, &#8220;<i>Subsequent Events</i>&#8221;, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after March 31, 2021 up through the date the Company issued the consolidated financial statements.</p> Based on the contractual arrangements between the Company and other investors, the Company has the power to direct the relevant activities of these entities unilaterally, and hence the Company has control over these entities. EX-101.SCH 5 dqws-20210331.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Condensed Consolidated Statements of Changes In Stockholders' Equity (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Description of Business and Organization link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - VIE Structure and Arrangements link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Plant and Equipment link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Intangible Assets link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Other Receivables, Prepaid Expenses and Deposits link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Inventories link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Other Payables and Accrued Liabilities link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Finance Lease Liability link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Amount Due to a Director link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Concentrations of Risks link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Lease Right-of-Use Asset and Lease Liabilities link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Significant Events link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Description of Business and Organization (Tables) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Plant and Equipment (Tables) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Intangible Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Other Receivables, Prepaid Expenses and Deposits (Tables) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Inventories (Tables) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Other Payables and Accrued Liabilities (Tables) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Finance Lease Liability (Tables) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Income Taxes (Tables) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Concentrations of Risks (Tables) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Lease Right-of-Use Asset and Lease Liabilities (Tables) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Description of Business and Organization (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Description of Business and Organization - Schedule of Variable Interest Entity (Details) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000038 - Disclosure - Summary of Significant Accounting Policies - Summary of Property and Equipment Useful Life (Details) link:presentationLink link:calculationLink link:definitionLink 00000039 - Disclosure - Summary of Significant Accounting Policies - Schedule of Foreign Currencies Translation (Details) link:presentationLink link:calculationLink link:definitionLink 00000040 - Disclosure - VIE Structure and Arrangements (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000041 - Disclosure - Stockholders' Equity (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000042 - Disclosure - Plant and Equipment (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000043 - Disclosure - Plant and Equipment - Schedule of Plant and Equipment (Details) link:presentationLink link:calculationLink link:definitionLink 00000044 - Disclosure - Intangible Assets (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000045 - Disclosure - Intangible Assets - Schedule of Intangible Assets (Details) link:presentationLink link:calculationLink link:definitionLink 00000046 - Disclosure - Other Receivables, Prepaid Expenses and Deposits - Schedule of Other Receivables, Prepaid Expenses and Deposits (Details) link:presentationLink link:calculationLink link:definitionLink 00000047 - Disclosure - Inventories - Schedule of Inventories (Details) link:presentationLink link:calculationLink link:definitionLink 00000048 - Disclosure - Other Payables and Accrued Liabilities - Schedule of Other Payables and Accrued Liabilities (Details) link:presentationLink link:calculationLink link:definitionLink 00000049 - Disclosure - Finance Lease Liability (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000050 - Disclosure - Finance Lease Liability - Schedule of Obligation Under Finance Lease (Details) link:presentationLink link:calculationLink link:definitionLink 00000051 - Disclosure - Finance Lease Liability - Schedule of Maturities of Finance Lease (Details) link:presentationLink link:calculationLink link:definitionLink 00000052 - Disclosure - Amount Due to a Director (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000053 - Disclosure - Income Taxes (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000054 - Disclosure - Income Taxes - Schedule of Components of Income Loss Before Income Taxes (Details) link:presentationLink link:calculationLink link:definitionLink 00000055 - Disclosure - Income Taxes - Schedule of Provision for Income Taxes (Details) link:presentationLink link:calculationLink link:definitionLink 00000056 - Disclosure - Concentrations of Risks (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000057 - Disclosure - Concentrations of Risks - Schedule of Concentrations of Risks (Details) link:presentationLink link:calculationLink link:definitionLink 00000058 - Disclosure - Lease Right-of-Use Asset and Lease Liabilities (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000059 - Disclosure - Lease Right-of-Use Asset and Lease Liabilities - Schedule of Operating Lease Right of Use Asset (Details) link:presentationLink link:calculationLink link:definitionLink 00000060 - Disclosure - Lease Right-of-Use Asset and Lease Liabilities - Schedule of Operating Lease Liability (Details) link:presentationLink link:calculationLink link:definitionLink 00000061 - Disclosure - Lease Right-of-Use Asset and Lease Liabilities - Schedule of Maturities of Operating Lease Obligation (Details) link:presentationLink link:calculationLink link:definitionLink 00000062 - Disclosure - Lease Right-of-Use Asset and Lease Liabilities - Schedule of Operating Lease Other Information (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 6 dqws-20210331_cal.xml XBRL CALCULATION FILE EX-101.DEF 7 dqws-20210331_def.xml XBRL DEFINITION FILE EX-101.LAB 8 dqws-20210331_lab.xml XBRL LABEL FILE Property, Plant and Equipment, Type [Axis] Furniture and Fittings [Member] Office Equipment [Member] Computer and Software [Member] Geographical [Axis] Malaysia [Member] Motor Vehicle [Member] Seychelles [Member] Hong Kong [Member] People's Republic of China (PRC) [Member] Legal Entity [Axis] DSwiss (HK) Limited [Member] Income Tax Authority, Name [Axis] Hong Kong [Member] Concentration Risk Benchmark [Axis] Customers [Member] Vendors [Member] Type of Arrangement and Non-arrangement Transactions [Axis] Management Services Agreement I [Member] Equity Components [Axis] Common Stock [Member] Additional Paid-In Capital [Member] Accumulated Comprehensive (Loss) [Member] Accumulated (Deficit) [Member] Non-Controlling Interest [Member] Ownership [Axis] DSwiss Holding Limited [Member] DSwiss Sdn Bhd [Member] DSwiss Biotech Sdn, Bhd [Member] DSwiss Biotech Sdn Bhd [Member] United States of America [Member] Award Type [Axis] Period-End RM [Member] Period-Average RM [Member] Period-End HK [Member] Period-Average HK [Member] DSwiss Sdn Bhd and DSwiss Biotech Sdn Bhd [Member] Malaysia [Member] Range [Axis] Minimum [Member] Maximum [Member] Adjustments for New Accounting Pronouncements [Axis] ASU 2016-02 [Member] Motor Vehicle [Member] Finance Lease Agreement [Member] Balance Sheet Location [Axis] Accounts Receivable [Member] Concentration Risk Type [Axis] Customer A [Member] Customer B [Member] Customer C [Member] Accounts Payable [Member] Vendor B [Member] Vendor A [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Flag Entity Emerging Growth Company Entity Shell Company Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS CURRENT ASSETS Cash and cash equivalents Accounts receivable Other receivables, prepaid expenses and deposit Income tax receivables Inventories Total Current Assets NON-CURRENT ASSETS Plant and equipment, net Intangible assets, net Operating lease right -of-use, net Total Non-Current Assets TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable Other payables and accrued liabilities Finance lease liability Amount due to a director Operating lease liability Total Current Liabilities NON- CURRENT LIABILITIES Finance lease liability Total non-current liabilities TOTAL LIABILITIES STOCKHOLDERS' EQUITY Preferred stock, $0.0001 par value, 200,000,000 shares authorized, None issued and outstanding Common stock, $0.0001 par value, 600,000,000 shares authorized, 206,904,600 shares issued and outstanding as of March 31, 2021 and December 31, 2020 respectively Additional paid-in capital Accumulated other comprehensive losses Accumulated deficit TOTAL DSWISS, INC. STOCKHOLDERS' EQUITY NON-CONTROLLING INTEREST TOTAL STOCKHOLDERS' EQUITY TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY Preferred stock, par value Preferred stock, shares authorized Preferred stock, shares issued Preferred stock, shares outstanding Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] REVENUE COST OF REVENUE GROSS PROFIT OTHER INCOME SELLING, GENERAL AND ADMINISTRATIVE EXPENSES OPERATING EXPENSES FINANCE COST LEASE EXPENSES OTHER OPERATING EXPENSES PROFIT BEFORE INCOME TAX TAXATION NET PROFIT Non-Controlling Interest Other comprehensive income/(loss): - Foreign currency translation adjustment Comprehensive profit/(loss) Net income/(loss) per share- Basic and diluted Weighted average number of common shares outstanding - Basic and diluted Statement [Table] Statement [Line Items] Balance Balance, shares Foreign currency translation adjustment Net profit (loss) Balance Balance, shares Statement of Cash Flows [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES: Net profit Adjustments to reconcile net profit to net cash (used in)/generated from operating activities: Depreciation and amortization Amortization for intangible assets Changes in operating assets and liabilities: Accounts payable Accounts receivable Other payables and accrued liabilities Inventories Other receivables, prepaid expenses and deposits Reduction in lease liability Cash (used in)/generated from operations Tax paid Net cash (used in)/generated from operating activities CASH FLOWS FROM INVESTING ACTIVITY: Purchase of plant and equipment Net cash used in investing activity CASH FLOWS FROM FINANCING ACTIVITIES: Advance from directors Repayment of finance lease Net cash used in financing activities Effect of exchange rate changes on cash and cash equivalent Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents, beginning of period CASH AND CASH EQUIVALENTS, END OF PERIOD SUPPLEMENTAL CASH FLOWS INFORMATION Income taxes paid Interest paid Accounting Policies [Abstract] Description of Business and Organization Summary of Significant Accounting Policies Organization, Consolidation and Presentation of Financial Statements [Abstract] VIE Structure and Arrangements Equity [Abstract] Stockholders' Equity Property, Plant and Equipment [Abstract] Plant and Equipment Goodwill and Intangible Assets Disclosure [Abstract] Intangible Assets Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] Other Receivables, Prepaid Expenses and Deposits Inventory Disclosure [Abstract] Inventories Payables and Accruals [Abstract] Other Payables and Accrued Liabilities Leases [Abstract] Finance Lease Liability Related Party Transactions [Abstract] Amount Due to a Director Income Tax Disclosure [Abstract] Income Taxes Risks and Uncertainties [Abstract] Concentrations of Risks Lease Right-of-Use Asset and Lease Liabilities Subsequent Events [Abstract] Subsequent Events Significant Events Significant Events Basis of Presentation Basis of Consolidation Use of Estimates Revenue Recognition Cost of Revenue Shipping and Handling Fees Selling and Distribution Expenses Cash and Cash Equivalents Inventories Plant and equipment Intangible Assets Leases Income Taxes Net Income/(Loss) Per Share Foreign Currencies Translation Related Parties Fair Value of Financial Instruments Segment Reporting Recent Accounting Pronouncements Schedule of Variable Interest Entity Summary of Property and Equipment Useful Life Schedule of Foreign Currencies Translation Schedule of Plant and Equipment Schedule of Intangible Assets Schedule of Other Receivables, Prepaid Expenses and Deposits Schedule of Inventories Schedule of Other Payables and Accrued Liabilities Schedule of Obligation Under Finance Lease Schedule of Maturities of Finance Lease Schedule of Components of Income Loss Before Income Taxes Schedule of Provision for Income Taxes Schedule of Concentrations of Risks Schedule of Operating Lease Right of Use Asset Schedule of Operating Lease Liability Schedule of Maturities of Operating Lease Obligation Schedule of Operating Lease Other Information Series [Axis] Equity ownership interest rate percentage Company name Place and date of incorporation Particulars of issued capital Principal activities Proportional of ownership interest and voting power held Shipping and handling fees Finite-lived intangible asset, useful life Impairment losses Income tax benefit likelihood description Number of reportable segments integer Property, Plant and Equipment [Table] Property, Plant and Equipment [Line Items] Long-Lived Tangible Asset [Axis] Property and equipment estimated useful lives Foreign currency exchange rate, translation Collaborative Arrangement and Arrangement Other than Collaborative [Axis] Percentage of annual net profit to be received as fee Common stock issued Common stock outstanding Depreciation expense Total plant and equipment Accumulated depreciation Effect of translation exchange Plant and equipment, net Amortization of intangible assets Trademarks Amortization Effect of translation exchange Intangible assets, net Prepaid expenses Deposits Total prepaid expenses and deposits Finished goods, at cost Total inventories Other payables Accrued audit fees Accrued other expenses Accrued professional fees Total payables and accrued liabilities Finance lease, effective interest rate percentage Finance lease, description Finance lease Less: interest expense Net present value of finance lease Current portion Non-current portion Total 2021 2022 2023 2024 2025 Advance from a director Statistical Measurement [Axis] Cumulative net operating losses Income tax rate Net operating loss carryforwards expire Percentage of statutory income rate Valuation allowance Tax jurisdictions from local Tax jurisdictions from foreign Profit before income tax Current: Local Current: Foreign Deferred: Local Deferred: Foreign Income tax expense Concentration risk percentage Revenues Purchase Percentage of revenues Accounts Receivable Account Payable Accounting Standards Update [Axis] Lease liability Lease asset- right of use Discount rate of lease payment Amortization of operating lease right use of assets Lease expenses Balance as of beginning period/year Accumulated amortization Effect of translation exchange Balance as of ending period/year Balance as of January 1, 2021 Less: gross repayment Add: imputed interest Balance as of March 31, 2021 Lease liability current portion December 31, 2021 Total Operating cash flow from operating lease Right-of-use assets obtained in exchange for operating lease liabilities Remaining lease term for operating lease (years) Weighted average discount rate for operating lease Accrued Audit Fees Current. Agape ATP International Holding Limited [Member] Agape Superior Living Sdn Bhd [Member] Customer B [Member] Customer C [Member] Customer D [Member] Customer E [Member] Customer F [Member] Customers [Member]. DS Asia Co., Ltd [Member] DSwiss Biotech Sdn, Bhd [Member] DSwiss Biotech Sdn Bhd [Member] DSwiss (HK) Limited [Member] DSwiss Holding Limited [Member] DSwiss International Trading (Shenzhen) Limited [Member] DSwiss Sdn Bhd [Member] DSwiss Sdn Bhd and DSwiss Biotech Sdn Bhd [Member] Discount rate of lease payment. Effect of translation exchange. Effect of translation exchange. Place and date of incorporation. Finance Expenses. Finance Lease Agreement [Member] Finance lease, effective interest rate percentage. Greenpro Venture Capital Limited [Member] Hong Kong [Member] Reduction in lease liability. Intangible assets, Effect of translation exchange. Major Customers [Member] Major Vendors [Member] Malaysia [Member] Management Services Agreement I [Member] Motor Vehicles [Member] Mr. Leong Ming Chia and Greenpro Venture Capital Limited [Member] Net operating loss carryforwards expire. Operating cash flow from operating lease. imputed interest. PRC [Member] Particulars Of Issued Capital. People's Republic of China (PRC) [Member] Percentage of annual net profit to be received as fee. Period-Average HK [Member] Period-Average RM [Member] Period-Average RMB [Member] Period-Average THB [Member] Period-End HK [Member] Period-End RM [Member] Period-End RMB [Member] Period-End THB [Member] Related parties [Policy Text Block] Renovation [Member] Schedule of Obligation Under the Finance Lease [Table Text Block] Schedule of Operating Lease Liability. Schedule of Operating Lease other Information. Seychelles [Member] Shipping and handling fees. Disclosure of accounting policy for the classification of shipping and handling costs, including whether the costs are included in cost of sales or included in other income statement accounts. If shipping and handling fees are significant and are not included in cost of sales, disclosure includes both the amounts of such costs and the line item on the income statement which includes such costs. Summary of property and equipment useful life [Table Text Block] Thai Baht Currency [Member] Taxation paid. Thailand [Member] United States of America [Member] Vendor A [Member] Vendor B [Member] Vendor C [Member] Vendor D [Member] Vendor E [Member] Vendor F [Member] Vendors [Member]. Other Receivables, Prepaid Expenses and Deposits [Text Block] Amount Due to a Director [Text Block] Significant Events [Text Block] Motor Vehicle [Member] Customer A Member HongKongMember Period-End RMB : US$1 Exchange Rate [Member] Vehicles [Member] Assets, Current Assets, Noncurrent Assets Liabilities, Current Liabilities, Noncurrent Liabilities Stockholders' Equity Attributable to Parent Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Liabilities and Equity Cost of Revenue [Default Label] Gross Profit Selling, General and Administrative Expense Operating Expenses FinanceExpenses Net Income (Loss) Attributable to Noncontrolling Interest Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest Shares, Outstanding Increase (Decrease) in Accounts Payable, Trade Increase (Decrease) in Accounts Receivable Increase (Decrease) in Other Accounts Payable and Accrued Liabilities Increase (Decrease) in Inventories Increase (Decrease) in Prepaid Expense and Other Assets Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities Net Cash Provided by (Used in) Operating Activities Payments to Acquire Property, Plant, and Equipment Net Cash Provided by (Used in) Investing Activities Finance Lease, Principal Payments Net Cash Provided by (Used in) Financing Activities Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations Interest Paid, Excluding Capitalized Interest, Operating Activities Inventory Disclosure [Text Block] SignificantEventsTextBlock Inventory, Policy [Policy Text Block] Intangible Assets, Finite-Lived, Policy [Policy Text Block] Income Tax, Policy [Policy Text Block] Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Period-End /Average HK$ : US$1 Exchange Rate [Member] Finite-Lived Intangible Assets, Accumulated Amortization Period-End /Average HK$ : US$1 Exchange Rate [Member] [Default Label] Finance Lease, Interest Expense Operating Lease, Payments Lessee, Operating Lease, Liability, to be Paid EX-101.PRE 9 dqws-20210331_pre.xml XBRL PRESENTATION FILE XML 10 R1.htm IDEA: XBRL DOCUMENT v3.21.1
Document and Entity Information - shares
3 Months Ended
Mar. 31, 2021
May 14, 2021
Document And Entity Information    
Entity Registrant Name DSwiss Inc  
Entity Central Index Key 0001652561  
Document Type 10-Q  
Document Period End Date Mar. 31, 2021  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Entity Current Reporting Status Yes  
Entity Interactive Data Current No  
Entity Filer Category Non-accelerated Filer  
Entity Small Business Flag true  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   206,904,600
Document Fiscal Period Focus Q1  
Document Fiscal Year Focus 2021  
XML 11 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 127,428 $ 158,004
Accounts receivable 89,800 9,146
Other receivables, prepaid expenses and deposit 27,749 33,604
Income tax receivables 541 434
Inventories 33,040 37,995
Total Current Assets 278,558 239,183
NON-CURRENT ASSETS    
Plant and equipment, net 43,325 51,953
Intangible assets, net 5,522 5,565
Operating lease right -of-use, net 35,429 47,653
Total Non-Current Assets 84,276 105,171
TOTAL ASSETS 362,834 344,354
CURRENT LIABILITIES    
Accounts payable 378 1,213
Other payables and accrued liabilities 167,891 166,900
Finance lease liability 8,756 9,876
Amount due to a director 154,976 155,437
Operating lease liability 36,286 48,114
Total Current Liabilities 368,287 381,540
NON- CURRENT LIABILITIES    
Finance lease liability 31,314 32,318
Total non-current liabilities 31,314 32,318
TOTAL LIABILITIES 399,601 413,858
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 200,000,000 shares authorized, None issued and outstanding
Common stock, $0.0001 par value, 600,000,000 shares authorized, 206,904,600 shares issued and outstanding as of March 31, 2021 and December 31, 2020 respectively 20,690 20,690
Additional paid-in capital 1,395,426 1,395,426
Accumulated other comprehensive losses (27,875) (28,177)
Accumulated deficit (1,459,306) (1,483,170)
TOTAL DSWISS, INC. STOCKHOLDERS' EQUITY (71,065) (95,231)
NON-CONTROLLING INTEREST 34,298 25,727
TOTAL STOCKHOLDERS' EQUITY (36,767) (69,504)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 362,834 $ 344,354
XML 12 R3.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares
Mar. 31, 2021
Dec. 31, 2020
Statement of Financial Position [Abstract]    
Preferred stock, par value $ 0.0001 $ 0.0001
Preferred stock, shares authorized 200,000,000 200,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value $ 0.0001 $ 0.0001
Common stock, shares authorized 600,000,000 600,000,000
Common stock, shares issued 206,904,600 206,904,600
Common stock, shares outstanding 206,904,600 206,904,600
XML 13 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
REVENUE $ 289,878 $ 527,542
COST OF REVENUE (173,079) (407,536)
GROSS PROFIT 116,799 120,006
OTHER INCOME 1,963 1,204
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (70,911) (76,879)
OPERATING EXPENSES (178) (21,412)
FINANCE COST (459) (541)
LEASE EXPENSES (14,426) (11,849)
OTHER OPERATING EXPENSES (7,547)
PROFIT BEFORE INCOME TAX 32,788 2,982
TAXATION
NET PROFIT 32,788 2,982
Non-Controlling Interest (8,924) (11,947)
Other comprehensive income/(loss):    
- Foreign currency translation adjustment 302 (568)
Comprehensive profit/(loss) $ 24,166 $ (9,533)
Net income/(loss) per share- Basic and diluted $ 0.00 $ (0.00)
Weighted average number of common shares outstanding - Basic and diluted 206,904,600 206,904,600
XML 14 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Changes In Stockholders' Equity (Unaudited) - USD ($)
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Comprehensive (Loss) [Member]
Accumulated (Deficit) [Member]
Non-Controlling Interest [Member]
Total
Balance at Dec. 31, 2019 $ 20,690 $ 1,395,426 $ (34,564) $ (1,490,845) $ 4,851 $ (104,442)
Balance, shares at Dec. 31, 2019 206,904,600          
Foreign currency translation adjustment (568) (568)
Net profit (loss) (8,965) 11,947 2,982
Balance at Mar. 31, 2020 $ 20,690 1,395,426 (35,132) (1,499,810) 16,797 (102,029)
Balance, shares at Mar. 31, 2020 206,904,600          
Balance at Dec. 31, 2020 $ 20,690 1,395,426 (28,177) (1,483,170) 25,727 (69,504)
Balance, shares at Dec. 31, 2020 206,904,600          
Foreign currency translation adjustment 302 (353) (51)
Net profit (loss) 23,864 8,924 32,788
Balance at Mar. 31, 2021 $ 20,690 $ 1,395,426 $ (27,875) $ (1,459,306) $ 34,298 $ (36,767)
Balance, shares at Mar. 31, 2021 206,904,600          
XML 15 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net profit $ 32,788 $ 2,982
Adjustments to reconcile net profit to net cash (used in)/generated from operating activities:    
Depreciation and amortization 20,793 15,791
Amortization for intangible assets 259
Changes in operating assets and liabilities:    
Accounts payable (790) 19,751
Accounts receivable (80,655) 11,145
Other payables and accrued liabilities 8,839 (9,540)
Inventories 4,955 (7,311)
Other receivables, prepaid expenses and deposits 5,810 61,675
Reduction in lease liability (11,828) (10,579)
Cash (used in)/generated from operations (20,088) 84,173
Tax paid (107) (115)
Net cash (used in)/generated from operating activities (20,195) 84,058
CASH FLOWS FROM INVESTING ACTIVITY:    
Purchase of plant and equipment (2,199)
Net cash used in investing activity (2,199)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Advance from directors 416 93
Repayment of finance lease (2,124) (1,889)
Net cash used in financing activities (1,708) (1,796)
Effect of exchange rate changes on cash and cash equivalent (8,673) (1,818)
Net (decrease)/increase in cash and cash equivalents (30,576) 78,245
Cash and cash equivalents, beginning of period 158,004 48,353
CASH AND CASH EQUIVALENTS, END OF PERIOD 127,428 126,598
SUPPLEMENTAL CASH FLOWS INFORMATION    
Income taxes paid (540) (115)
Interest paid $ (459)
XML 16 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Description of Business and Organization
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Description of Business and Organization

1. DESCRIPTION OF BUSINESS AND ORGANIZATION

 

DSwiss, Inc. is organized as a Nevada limited liability company, incorporated on May 28, 2015. For the purposes of financial statement presentation, DSwiss, Inc. and its subsidiaries are herein referred to as “the Company” or “we”. The Principal activity of the Company is premier biotech-nutraceutical, beauty supplies, and medical consumables supplies. The company sells medical consumable supplies, food supplements, skincare, and other related beauty products in Malaysia and around the ASEAN region. We are globally recognized Turnkey Private Label Manufacturing Services for nutraceutical and skincare OEM/ODM products.

 

Our professionals manage from custom formulation of scientifically proven and naturally effective, sourcing raw materials, production, quality control, stability, and safety test, clinical testing by third-party labs, packaging, and shipping, including import and export.

 

Our manufacturing facilities which compliant with GMP (Good Manufacturing Practise), FDA (Food Drug Association), HACCP (Hazard Analysis and Critical Control Point), JAKIM HALAL, and Mesti.

 

The accompanying unaudited condensed consolidated financial statements of DSwiss, Inc. at March 31, 2021 and 2020 have been prepared in accordance with generally accepted accounting principles (“GAAP”) for interim financial statements, instructions to Form 10-Q, and Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the financial statements and notes thereto included in our annual report on Form 10-K for the year ended December 31, 2020. In management’s opinion, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation to make our financial statements not misleading have been included. The results of operations for the periods ended March 31, 2021 and 2020 presented are not necessarily indicative of the results to be expected for the full year. The December 31, 2020 balance sheet has been derived from our audited financial statements included in our annual report on Form 10-K for the year ended December 31, 2020.

 

We have historically conducted our business through DSwiss Sdn Bhd, a private limited liability company, incorporated in Malaysia. DSwiss Holding Limited, incorporated in Seychelles, is an investment holding company with 100% equity interest in DSwiss (HK) Limited, a company incorporated in Hong Kong, which subsequent hold 100% equity interest in DSwiss Sdn. Bhd. On August 31, 2015, DSwiss, Inc. was restructured to be the holding company parent to, and succeed to the operations of, DSwiss Holding Limited. The former unit holder of DSwiss Holding Limited became the unit holder of DSwiss, Inc. and DSwiss Holding Limited became a wholly-owned subsidiary of DSwiss, Inc. This transaction was accounted for as a transaction among entities under common control and the assets, liabilities, revenues and expenses of DSwiss Holding Limited were carried over to and combined with DSwiss, Inc. at historical cost, and as if the transfer occurred at the beginning of the period. Prior periods have been retrospectively adjusted for comparative purposes.

 

We have invested in DSwiss Biotech Sdn Bhd, a Company incorporated in Malaysia, and owned 40% equity interest.

 

The Company, through its subsidiaries and its variable interest entities (“VIEs”), mainly supplies high quality beauty products. Details of the Company’s subsidiaries and associates:

 

    Company name   Place and date of incorporation   Particulars of issued
capital
  Principal activities   Proportional of ownership interest
and voting power held
                     
1.   DSwiss Holding Limited   Seychelles,
May 28, 2015
  1 share of ordinary share of US$1 each   Investment holding     100 %
                         
2.   DSwiss (HK) Limited   Hong Kong,
May 28, 2015
  1 share of ordinary share of HK$1 each   Supply of beauty products     100 %
                         
3.   DSwiss Sdn Bhd   Malaysia,
March 10, 2011
  2 shares of ordinary share of RM 1 each   Supply of beauty products     100 %
                         
4.   DSwiss Biotech Sdn Bhd(1)   Malaysia,
March 17, 2016
  250,000 shares of ordinary share of RM 1 each   Supply of biotech products     40 %

 

(1) Based on the contractual arrangements between the Company and other investors, the Company has the power to direct the relevant activities of these entities unilaterally, and hence the Company has control over these entities.

XML 17 R8.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Significant Accounting Policies
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of presentation

 

The accompanying condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”).

 

 

Basis of consolidation

 

The condensed consolidated financial statements include the accounts of the Company and its subsidiaries in which the Company is the primary beneficiary. All inter-company accounts and transactions have been eliminated upon consolidation.

 

Use of estimates

 

In preparing these consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets, and revenues and expenses during the periods reported. Actual results may differ from these estimates.

 

Revenue recognition

 

The Company follows the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.

 

Revenue from trading of retail goods is recognized when title and risk of loss are transferred and there are no continuing obligations to the customer. Title and the risks and rewards of ownership transfer to and accepted by the customer when the products are collected by the customer at the Company’s office. Revenue is recorded net of sales discounts, returns, allowances, and other adjustments that are based upon management’s best estimates and historical experience and are provided for in the same period as the related revenues are recorded.

 

The Company mainly derives its revenue from the sale of healthy food products. Generally, the Company recognizes revenue when products are sold and accepted by the customers and there are no continuing obligations to the customer.

 

Cost of revenue

 

Cost of revenue includes the purchase cost of retail goods for re-sale to customers and packing materials (such as boxes). It excludes purchasing and receiving costs, inspection costs, warehousing costs, internal transfer costs and other costs of distribution network in cost of revenues.

 

Shipping and handling fees

 

Shipping and handling fees, if billed to customers, are included in revenue. Shipping and handling fees associated with inbound and outbound freight are expensed as incurred and included in selling and distribution expenses. Shipping and handling fees are expensed as incurred for the three months ended March 31, 2021 were $717, while for the three months ended March 31, 2020 were $5,015.

  

Selling and distribution expenses

 

Selling and distribution expenses are primarily comprised of travelling and accommodation, transportation fees such as petrol, toll and parking and shipping and handling fees.

 

Cash and cash equivalents

 

The Company consider all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalent.

 

Inventories

 

Inventories consisting of products available for sell, are stated at the lower of cost or market value. Cost of inventory is determined using the first-in, first-out (FIFO) method. Inventory reserve is recorded to write down the cost of inventory to the estimated market value due to slow-moving merchandise and damaged goods, which is dependent upon factors such as historical and forecasted consumer demand, and promotional environment. The Company takes ownership, risks and rewards of the products purchased. Write downs are recorded in cost of revenues in the Condensed Consolidated Statements of Operations and Comprehensive Income.

 

Plant and equipment

 

Plant and equipment are stated at cost less accumulated depreciation and impairment. Depreciation of plant, equipment and software are calculated on the straight-line method over their estimated useful lives or lease terms generally as follows:

 

Classification   Estimated useful lives
Computer and software   5 years
Furniture and fittings   5 years
Office equipment   10 years
Motor vehicle   5 years

 

Intangible assets

 

Intangible assets are stated at cost less accumulated amortization. Intangible assets represented the registration costs of trademarks in Malaysia and Hong Kong, which are amortized on a straight-line basis over a useful life of ten years.

 

The Company follows ASC Topic 350 in accounting for intangible assets, which requires impairment losses to be recorded when indicators of impairment are present and the undiscounted cash flows estimated to be generated by the assets are less than the assets’ carrying amounts. There were no impairment losses recorded on intangible assets for the three months ended March 31, 2021.

 

Leases

 

Prior to November 1, 2019, the Company accounted for leases under ASC 840, Accounting for Leases. Effective November 1, 2019, the Company adopted the guidance of ASC 842, Leases, which requires an entity to recognize a right-of-use asset and a lease liability for virtually all leases. The implementation of ASC 842 did not have a material impact on the Company’s consolidated financial statements and did not have a significant impact on our liquidity. The Company adopted ASC 842 using a modified retrospective approach. As a result, the comparative financial information has not been updated and the required disclosures prior to the date of adoption have not been updated and continue to be reported under the accounting standards in effect for those periods. (see Note 10).

 

Income taxes

 

The provision of income taxes is determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

 

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

 

The Company conducts much of its businesses activities in Hong Kong and is subject to tax in this jurisdiction. As a result of its business activities, the Company will file separate tax returns that are subject to examination by the foreign tax authorities.

 

Net income/(loss) per share

 

The Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income/(loss) per share is computed by dividing the net income/(loss) by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income/(loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

 

Foreign currencies translation

 

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the Condensed Consolidated Statements of Operations and Comprehensive Income.

 

The reporting currency of the Company is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$. In addition, the Company’s subsidiaries and VIEs in Malaysia and Hong Kong maintains their books and record in their local currency, Ringgits Malaysia (“RM”) and Hong Kong Dollars (“HK$”) respectively, which is functional currency as being the primary currency of the economic environment in which the entity operates.

 

In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the statements of stockholders’ equity.

 

Translation of amounts from RM into US$1 and HK$ into US$1 has been made at the following exchange rates for the respective periods:

 

    As of and for the three months ended
March 31,
 
    2021     2020  
             
Period-end RM : US$1 exchange rate     4.14       4.31  
Period-average RM : US$1 exchange rate     4.07       4.41  
Period-end HK$ : US$1 exchange rate     7.76       7.75  
Period-average HK$ : US$1 exchange rate     7.77       7.77  

  

Related parties

 

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

 

Fair value of financial instruments:

 

The carrying value of the Company’s financial instruments: cash and cash equivalents, accounts receivable, deposits, accounts payable, other payables, and accounts payable approximate at their fair values because of the short-term nature of these financial instruments.

 

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

 

Level 1: Observable inputs such as quoted prices in active markets;

 

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

 

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

 

Segment reporting

 

ASC Topic 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about geographical areas, business segments and major customers in financial statements. For the three months ended March 31, 2021, the Company operates in four reportable operating segment in Malaysia, China and Hong Kong.

 

Recent accounting pronouncements

 

FASB issues various Accounting Standards Updates relating to the treatment and recording of certain accounting transactions. On June 10, 2014, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2014-10, Development Stage Entities (Topic 915) Elimination of Certain Financial Reporting Requirements, including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation, which eliminates the concept of a development stage entity (DSE) entirely from current accounting guidance. The Company has elected adoption of this standard, which eliminates the designation of DSEs and the requirement to disclose results of operations and cash flows since inception.

 

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

XML 18 R9.htm IDEA: XBRL DOCUMENT v3.21.1
VIE Structure and Arrangements
3 Months Ended
Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
VIE Structure and Arrangements

3. VIE STRUCTURE AND ARRANGEMENTS

 

On June 27, 2016, DSwiss (HK) Limited (“DSHK”) entered into a Management Services Agreement (the “Management Services Agreement I”) which entitles DSHK to substantially entitled to all of the economic benefits of DSwiss Biotech Sdn Bhd (“DSBT”) in consideration of services provided by DSHK to DSBT. Pursuant to the Management Services Agreement I, DSHK has the exclusive right to provide to DSBT management, financial and other services related to the operation of DSBT’s business, and DSBT is required to take all commercially reasonable efforts to permit and facilitate the provision of the services provided by DSHK. As compensation for providing the services, DSHK is entitled to receive a fee from DSBT, upon demand, equal to 100% of the annual net profits of DSBT during the term of the Management Services Agreement I. DSHK may also request, on ad hoc basis, quarterly payments of the aggregate fee, which payments will be credited against DSBT’s future payment obligations.

 

The Management Services Agreement I also provides DSHK, or its designee, with a right of first refusal to acquire all or any portion of the equity of DSBT upon any proposal by the sole shareholder of DSBT to transfer such equity. In addition, at the sole discretion of DSHK, DSBT is obligated to transfer to DSHK, or its designee, any part or all of the business, personnel, assets and operations of DSBT which may be lawfully conducted, employed, owned or operated by DSHK, including:

 

(a) business opportunities presented to, or available to DSBT may be pursued and contracted for in the name of DSHK rather than DSBT, and at its discretion, DSHK may employ the resources of DSBT to secure such opportunities;

 

(b) any tangible or intangible property of DSBT, any contractual rights, any personnel, and any other items or things of value held by DSBT may be transferred to DSHK at book value;

 

(c) real property, personal or intangible property, personnel, services, equipment, supplies and any other items useful for the conduct of the business may be obtained by DSHK by acquisition, lease, license or otherwise, and made available to DSBT on terms to be determined by agreement between DSHK and DSBT;

 

(d) contracts entered into in the name of DSBT may be transferred to DSHK, or the work under such contracts may be subcontracted, in whole or in part, to DSHK, on terms to be determined by agreement between DSHK and DSBT; and

 

(e) any changes to, or any expansion or contraction of, the business may be carried out in the exercise of the sole discretion of DSHK, and in the name of and at the expense of, DSHK; provided, however, that none of the foregoing may cause or have the effect of terminating (without being substantially replaced under the name of DSHK) or adversely affecting any license, permit or regulatory status of DSBT.

 

In addition, DSHK entered into certain agreements with Jervey Choon, (the “DSBT shareholder”), including

 

(i) a Call Option Agreement allowing DSHK to acquire the shares of DSBT as permitted by Malaysia laws;
   
(ii) a Shareholders’ Voting Rights Proxy Agreement that provides DSHK with the voting rights of the DSBT; and
   
(ii) an Equity Pledge Agreement that pledges the shares in DSBT.

 

This VIE structure provides DSHK, a wholly-owned subsidiary of DSwiss Holding Limited, which is the wholly-owned subsidiary of DSwiss Inc, with control over the operations and benefits of DSBT without having a direct equity ownership in DSBT.

XML 19 R10.htm IDEA: XBRL DOCUMENT v3.21.1
Stockholders' Equity
3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Stockholders' Equity

4. STOCKHOLDERS’ EQUITY

 

As of March 31, 2021, the Company had a total of 206,904,600 of its common stock issued and outstanding. There are no shares of preferred stock issued and outstanding.

XML 20 R11.htm IDEA: XBRL DOCUMENT v3.21.1
Plant and Equipment
3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Plant and Equipment

5. PLANT AND EQUIPMENT

 

   

March 31,

2021

   

December 31,

2020

 
Computer and software   $ 96,508     $ 96,508  
Furniture and fittings     6,144       6,144  
Office equipment     11,113       11,113  
Motor vehicle     79,054       79,054  
Total plant and equipment   $ 192,819     $ 192,819  
Accumulated depreciation     (143,145 )     (138,371 )
Effect of translation exchange     (6,349 )     (2,495 )
Plant and equipment, net   $ 43,325     $ 51,953  

 

Depreciation expense for the three months ended March 31, 2021 and 2020 were $4,774 and $4,867 respectively.

XML 21 R12.htm IDEA: XBRL DOCUMENT v3.21.1
Intangible Assets
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

6. INTANGIBLE ASSETS

 

   

March 31,

2021

   

December 31,

2020

 
Trademarks   $ 12,077     $ 12,077  
Amortization     (6,101 )     (6,101 )
Effect of translation exchange     (454 )     (411 )
Intangible assets, net   $ 5,522     $ 5,565  

 

Amortization for the three months ended March 31, 2021 was $0.

 

Amortization for the three months ended March 31, 2020 was $259.

XML 22 R13.htm IDEA: XBRL DOCUMENT v3.21.1
Other Receivables, Prepaid Expenses and Deposits
3 Months Ended
Mar. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Receivables, Prepaid Expenses and Deposits

7. OTHER RECEIVABLES, PREPAID EXPENSES AND DEPOSITS

 

   

March 31,

2021

   

December 31,

2020

 
Prepaid expenses   $ 1,470     $ 1,470  
Deposits     26,279       32,134  
Total prepaid expenses and deposits   $ 27,749     $ 33,604
XML 23 R14.htm IDEA: XBRL DOCUMENT v3.21.1
Inventories
3 Months Ended
Mar. 31, 2021
Inventory Disclosure [Abstract]  
Inventories

8. INVENTORIES

 

   

March 31,

2021

   

December 31,

2020

 
Finished goods, at cost   $ 33,040     $ 37,995  
Total inventories   $ 33,040     $ 37,995  
XML 24 R15.htm IDEA: XBRL DOCUMENT v3.21.1
Other Payables and Accrued Liabilities
3 Months Ended
Mar. 31, 2021
Payables and Accruals [Abstract]  
Other Payables and Accrued Liabilities

9. OTHER PAYABLES AND ACCRUED LIABILITIES

 

   

March 31,

2021

    December 31, 2020  
Other payables   $ 132,952     $ 123,408  
Accrued audit fees     19,638       18,831  
Accrued other expenses     11,197       20,911  
Accrued professional fees     4,104       3,750  
Total payables and accrued liabilities   $ 167,891     $ 166,900
XML 25 R16.htm IDEA: XBRL DOCUMENT v3.21.1
Finance Lease Liability
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Finance Lease Liability

10. FINANCE LEASE LIABILITY

 

The Company purchased a motor vehicle under a finance lease agreement with the effective interest rate of 3.99% per annum, due through June 30, 2025, with principal and interest payable monthly. The obligation under the finance lease is as follows:

 

    As of March 31,     As of December 31,  
    2021     2020  
Finance lease   $ 43,906     $ 46,490  
Less: interest expense     (3,836 )     (4,296 )
Net present value of finance lease     40,070       42,194  
                 
Current portion     8,756       9,876  
Non-current portion     31,314       32,318  
Total   $ 40,070     $ 42,194  

 

As of March 31, 2021 the maturities of the finance lease for each of the years are as follows:

 

2021     8,756  
2022     9,173  
2023     9,589  
2024     10,006  
2025     2,546  
Total   $ 40,070  
XML 26 R17.htm IDEA: XBRL DOCUMENT v3.21.1
Amount Due to a Director
3 Months Ended
Mar. 31, 2021
Related Party Transactions [Abstract]  
Amount Due to a Director

11. AMOUNT DUE TO A DIRECTOR

 

As of March 31, 2021 and December 31, 2020, a director of the Company advanced $154,976 and $155,437, respectively to the Company, which is unsecured, interest-free with no fixed repayment term, for working capital purpose.

XML 27 R18.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes
3 Months Ended
Mar. 31, 2021
Income Tax Disclosure [Abstract]  
Income Taxes

12. INCOME TAXES

 

For the three months ended March 2021 and 2020, the local (United States) and foreign components of profit before income taxes were comprised of the following:

 

   

For the three months ended

March 31, 2021

   

For the three months ended

March 31, 2020

 
             
Tax jurisdictions from:                
- Local   $ (4,024 )   $ (6,761 )
- Foreign, representing                
Seychelles     (1,500 )     (93 )
Hong Kong     (1,841 )     702  
Malaysia     40,153       15,197  
PRC     -       (6,063 )
                 
Profit before income tax   $ 32,788     $ 2,982  

 

 

The provision for income taxes consisted of the following:

 

       For the three months ended March 31, 2021        For the three months ended March 31, 2020  
Current:                
- Local   $ -     $ -  
- Foreign     -       -  
                 
Deferred:                
- Local     -       -  
- Foreign     -       -  
                 
Income tax expense   $ -     $ -  

 

The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company has subsidiaries that operate in various countries: United States, Seychelles, Hong Kong, Malaysia, PRC that are subject to taxes in the jurisdictions in which they operate, as follows:

 

United States of America

 

The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of March 31, 2021, the operations in the United States of America incurred $389,573 of cumulative net operating losses which can be carried forward to offset future taxable income, at the tax rate of 21%. The net operating loss carry forwards begin to expire in 2038, if unutilized. The Company has provided for a full valuation allowance of $81,810 against the deferred tax assets on the expected future tax benefits from the net operating loss carry forwards as the management believes it is more likely than not that these assets will not be realized in the future.

 

Seychelles

 

Under the current laws of the Seychelles, DSwiss Holding Limited is registered as an international business company which governs by the International Business Companies Act of Seychelles and there is no income tax charged in Seychelles.

 

Hong Kong

 

DSwiss (HK) Limited is subject to Hong Kong Profits Tax, which is charged at the statutory income tax rate of 16.5% on its assessable income. As of March 31, 2021, the operations in the Hong Kong incurred $624,056 of cumulative net operating losses which can be carried forward to offset future taxable income, at the tax rate of 16.5%. The Company has provided for a full valuation allowance of $102,969 against the deferred tax assets on the expected future tax benefits from the net operating loss carry forwards as the management believes it is more likely than not that these assets will not be realized in the future.

 

Malaysia

 

DSwiss Sdn Bhd and DSwiss Biotech Sdn Bhd are subject to Malaysia Corporate Tax, which is charged at the statutory income tax rate range from 17% to 24% on its assessable income. As of March 31, 2021, the operations in the Malaysia incurred $433,385 of cumulative net operating losses which can be carried forward to offset future taxable income, at the tax rate of 17%. The Company has provided for a full valuation allowance of $73,675 against the deferred tax assets on the expected future tax benefits from the net operating loss carry forwards as the management believes it is more likely than not that these assets will not be realized in the future.

XML 28 R19.htm IDEA: XBRL DOCUMENT v3.21.1
Concentrations of Risks
3 Months Ended
Mar. 31, 2021
Risks and Uncertainties [Abstract]  
Concentrations of Risks

13. CONCENTRATIONS OF RISK

 

The Company is exposed to the following concentrations of risk:

 

(a) Major customers

 

For three months ended March 31, 2021 and 2020, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at period-end are presented as follows:

 

    2021     2020     2021     2020     2021     2020  
    Revenue     Percentage of
revenue
    Accounts receivable  
                                     
Customer A   $ 34,445     $ 57,106       12 %     11 %   $ 4,639       -  
Customer B   $ 173,379     $ 115,639       60 %     22 %   $ 75,962       -  
Customer C   $ 44,513     $ -       15 %     - %   $ -       -  
    $ 252,337     $ 172,745       87 %     33 %   $ 80,601       -  

 

(b) Major vendors

 

For three months ended March 31, 2021 and 2020, the vendors who accounted for 10% or more of the Company’s purchases and its accounts payable balance at period-end are presented as follows:

 

    2021     2020     2021     2020     2021     2020  
    Purchase     Percentage of
purchase
    Accounts payable  
                                     
Vendor A   $ 16,915     $ 44,733       10 %     12 %   $ -       -  
Vendor B   $ 129,422     $ 821,713       77 %     52 %   $ -       -  
    $ 146,337     $ 866,466       87 %     64 %   $ -       -  

 

All vendors are located in Malaysia.

 

(c) Credit risk

 

Financial instruments that are potentially subject to credit risk consist principally of accounts receivable. The Company believes the concentration of credit risk in its accounts receivable is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.

 

(d) Exchange rate risk

 

The Company cannot guarantee that the current exchange rate will remain stable, therefore there is a possibility that the Company could post the same amount of income for two comparable periods and because of the fluctuating exchange rate actually post higher or lower income depending on exchange rate of RM converted to US$ and HK$ converted into US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

XML 29 R20.htm IDEA: XBRL DOCUMENT v3.21.1
Lease Right-of-Use Asset and Lease Liabilities
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Lease Right-of-Use Asset and Lease Liabilities

14. LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES

 

The Company officially adopted ASC 842 for the period on and after January 1, 2019 as permitted by ASU 2016-02. ASC 842 originally required all entities to use a “modified retrospective” transition approach that is intended to maximize comparability and be less complex than a full retrospective approach. On July 30, 2018, the FASB issued ASU 2018-11 to provide entities with relief from the costs of implementing certain aspects of the new leasing standard, ASU 2016-02 of which permits entities may elect not to recast the comparative periods presented when transitioning to ASC 842. As permitted by ASU 2018-11, the Company elect not to recast comparative periods, thusly.

 

As of January 1, 2019, the Company recognized approximately US$136,308, lease liability as well as right-of-use asset for all leases (with the exception of short-term leases) at the commencement date. Lease liabilities are measured at present value of the sum of remaining rental payments as of January 1, 2020, with discounted rate of 4.47% adopted from Public Bank Berhad’s base lending rate as a reference for discount rate.

 

A single lease cost is recognized over the lease term on a generally straight-line basis. All cash payments of operating lease cost are classified within operating activities in the statement of cash flows.

 

The operating lease right and lease liability as follow:

 

As of March 31, 2021 and December 31, 2020, operating lease right of use asset as follow:

 

    As of March 31, 2021     As of December 31, 2020  
As of beginning of the period/year   $ 136,308     $ 136,308  
Accumulated amortization     (102,830 )     (88,404 )
Effect of translation exchange     1,951       (251 )
Balance as of end of the period/year   $ 35,429     $ 47,653  

 

As of March 31, 2021 and December 31, 2020, the amortization of the operating lease right of use asset are $16,019 and $45,312 respectively.

 

As of March 31, 2021, operating lease liability as follow:

 

As of January 1, 2021   $ 48,114  
Less: gross repayment     (12,241 )
Add: imputed interest     447  
Effect of translation exchange     (34 )
Balance as of March 31, 2021   $ 36,286  
Lease liability current portion   $ 36,286  

 

Maturities of operating lease obligation as follow:

 

Year ending      
December 31, 2021     36,286  
Total   $ 36,286  

 

Other information:

 

    As of March 31, 2021     As of December 31, 2020  
      (unaudited)       (audited)  
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flow from operating lease   $ (11,828 )   $ 45,312  
Right-of-use assets obtained in exchange for operating lease liabilities     35,429       47,653  
Remaining lease term for operating lease (years)     1       1  
Weighted average discount rate for operating lease     4.47 %     4.47 %

 

As of March 31, 2021 and December 31, 2020, lease expenses were $11,828 and $46,094 respectively.

XML 30 R21.htm IDEA: XBRL DOCUMENT v3.21.1
Subsequent Events
3 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events

15. SUBSEQUENT EVENTS

 

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after March 31, 2021 up through the date the Company issued the audited consolidated financial statements.

XML 31 R22.htm IDEA: XBRL DOCUMENT v3.21.1
Significant Events
3 Months Ended
Mar. 31, 2021
Significant Events  
Significant Events

15. SUBSEQUENT EVENTS

 

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after March 31, 2021 up through the date the Company issued the consolidated financial statements.

XML 32 R23.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Basis of Presentation

Basis of presentation

 

The accompanying condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”).

Basis of Consolidation

Basis of consolidation

 

The condensed consolidated financial statements include the accounts of the Company and its subsidiaries in which the Company is the primary beneficiary. All inter-company accounts and transactions have been eliminated upon consolidation.

Use of Estimates

Use of estimates

 

In preparing these consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets, and revenues and expenses during the periods reported. Actual results may differ from these estimates.

Revenue Recognition

Revenue recognition

 

The Company follows the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.

 

Revenue from trading of retail goods is recognized when title and risk of loss are transferred and there are no continuing obligations to the customer. Title and the risks and rewards of ownership transfer to and accepted by the customer when the products are collected by the customer at the Company’s office. Revenue is recorded net of sales discounts, returns, allowances, and other adjustments that are based upon management’s best estimates and historical experience and are provided for in the same period as the related revenues are recorded.

 

The Company mainly derives its revenue from the sale of healthy food products. Generally, the Company recognizes revenue when products are sold and accepted by the customers and there are no continuing obligations to the customer.

Cost of Revenue

Cost of revenue

 

Cost of revenue includes the purchase cost of retail goods for re-sale to customers and packing materials (such as boxes). It excludes purchasing and receiving costs, inspection costs, warehousing costs, internal transfer costs and other costs of distribution network in cost of revenues.

Shipping and Handling Fees

Shipping and handling fees

 

Shipping and handling fees, if billed to customers, are included in revenue. Shipping and handling fees associated with inbound and outbound freight are expensed as incurred and included in selling and distribution expenses. Shipping and handling fees are expensed as incurred for the three months ended March 31, 2021 were $717, while for the three months ended March 31, 2020 were $5,015.

Selling and Distribution Expenses

Selling and distribution expenses

 

Selling and distribution expenses are primarily comprised of travelling and accommodation, transportation fees such as petrol, toll and parking and shipping and handling fees.

Cash and Cash Equivalents

Cash and cash equivalents

 

The Company consider all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalent.

Inventories

Inventories

 

Inventories consisting of products available for sell, are stated at the lower of cost or market value. Cost of inventory is determined using the first-in, first-out (FIFO) method. Inventory reserve is recorded to write down the cost of inventory to the estimated market value due to slow-moving merchandise and damaged goods, which is dependent upon factors such as historical and forecasted consumer demand, and promotional environment. The Company takes ownership, risks and rewards of the products purchased. Write downs are recorded in cost of revenues in the Condensed Consolidated Statements of Operations and Comprehensive Income.

Plant and equipment

Plant and equipment

 

Plant and equipment are stated at cost less accumulated depreciation and impairment. Depreciation of plant, equipment and software are calculated on the straight-line method over their estimated useful lives or lease terms generally as follows:

 

Classification   Estimated useful lives
Computer and software   5 years
Furniture and fittings   5 years
Office equipment   10 years
Motor vehicle   5 years
Intangible Assets

Intangible assets

 

Intangible assets are stated at cost less accumulated amortization. Intangible assets represented the registration costs of trademarks in Malaysia and Hong Kong, which are amortized on a straight-line basis over a useful life of ten years.

 

The Company follows ASC Topic 350 in accounting for intangible assets, which requires impairment losses to be recorded when indicators of impairment are present and the undiscounted cash flows estimated to be generated by the assets are less than the assets’ carrying amounts. There were no impairment losses recorded on intangible assets for the three months ended March 31, 2021.

Leases

Leases

 

Prior to November 1, 2019, the Company accounted for leases under ASC 840, Accounting for Leases. Effective November 1, 2019, the Company adopted the guidance of ASC 842, Leases, which requires an entity to recognize a right-of-use asset and a lease liability for virtually all leases. The implementation of ASC 842 did not have a material impact on the Company’s consolidated financial statements and did not have a significant impact on our liquidity. The Company adopted ASC 842 using a modified retrospective approach. As a result, the comparative financial information has not been updated and the required disclosures prior to the date of adoption have not been updated and continue to be reported under the accounting standards in effect for those periods. (see Note 10).

Income Taxes

Income taxes

 

The provision of income taxes is determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

 

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

 

The Company conducts much of its businesses activities in Hong Kong and is subject to tax in this jurisdiction. As a result of its business activities, the Company will file separate tax returns that are subject to examination by the foreign tax authorities.

Net Income/(Loss) Per Share

Net income/(loss) per share

 

The Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income/(loss) per share is computed by dividing the net income/(loss) by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income/(loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

Foreign Currencies Translation

Foreign currencies translation

 

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the Condensed Consolidated Statements of Operations and Comprehensive Income.

 

The reporting currency of the Company is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$. In addition, the Company’s subsidiaries and VIEs in Malaysia and Hong Kong maintains their books and record in their local currency, Ringgits Malaysia (“RM”) and Hong Kong Dollars (“HK$”) respectively, which is functional currency as being the primary currency of the economic environment in which the entity operates.

 

In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the statements of stockholders’ equity.

 

Translation of amounts from RM into US$1 and HK$ into US$1 has been made at the following exchange rates for the respective periods:

 

    As of and for the three months ended
March 31,
 
    2021     2020  
             
Period-end RM : US$1 exchange rate     4.14       4.31  
Period-average RM : US$1 exchange rate     4.07       4.41  
Period-end HK$ : US$1 exchange rate     7.76       7.75  
Period-average HK$ : US$1 exchange rate     7.77       7.77
Related Parties

Related parties

 

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Fair Value of Financial Instruments

Fair value of financial instruments:

 

The carrying value of the Company’s financial instruments: cash and cash equivalents, accounts receivable, deposits, accounts payable, other payables, and accounts payable approximate at their fair values because of the short-term nature of these financial instruments.

 

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

 

Level 1: Observable inputs such as quoted prices in active markets;

 

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

 

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Segment Reporting

Segment reporting

 

ASC Topic 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about geographical areas, business segments and major customers in financial statements. For the three months ended March 31, 2021, the Company operates in four reportable operating segment in Malaysia, China and Hong Kong.

Recent Accounting Pronouncements

Recent accounting pronouncements

 

FASB issues various Accounting Standards Updates relating to the treatment and recording of certain accounting transactions. On June 10, 2014, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2014-10, Development Stage Entities (Topic 915) Elimination of Certain Financial Reporting Requirements, including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation, which eliminates the concept of a development stage entity (DSE) entirely from current accounting guidance. The Company has elected adoption of this standard, which eliminates the designation of DSEs and the requirement to disclose results of operations and cash flows since inception.

 

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

XML 33 R24.htm IDEA: XBRL DOCUMENT v3.21.1
Description of Business and Organization (Tables)
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Schedule of Variable Interest Entity

Details of the Company’s subsidiaries and associates:

 

    Company name   Place and date of incorporation   Particulars of issued
capital
  Principal activities   Proportional of ownership interest
and voting power held
                     
1.   DSwiss Holding Limited   Seychelles,
May 28, 2015
  1 share of ordinary share of US$1 each   Investment holding     100 %
                         
2.   DSwiss (HK) Limited   Hong Kong,
May 28, 2015
  1 share of ordinary share of HK$1 each   Supply of beauty products     100 %
                         
3.   DSwiss Sdn Bhd   Malaysia,
March 10, 2011
  2 shares of ordinary share of RM 1 each   Supply of beauty products     100 %
                         
4.   DSwiss Biotech Sdn Bhd(1)   Malaysia,
March 17, 2016
  250,000 shares of ordinary share of RM 1 each   Supply of biotech products     40 %

 

(1) Based on the contractual arrangements between the Company and other investors, the Company has the power to direct the relevant activities of these entities unilaterally, and hence the Company has control over these entities.

XML 34 R25.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Summary of Property and Equipment Useful Life

Depreciation of plant, equipment and software are calculated on the straight-line method over their estimated useful lives or lease terms generally as follows:

 

Classification   Estimated useful lives
Computer and software   5 years
Furniture and fittings   5 years
Office equipment   10 years
Motor vehicle   5 years
Schedule of Foreign Currencies Translation

Translation of amounts from RM into US$1 and HK$ into US$1 has been made at the following exchange rates for the respective periods:

 

    As of and for the three months ended
March 31,
 
    2021     2020  
             
Period-end RM : US$1 exchange rate     4.14       4.31  
Period-average RM : US$1 exchange rate     4.07       4.41  
Period-end HK$ : US$1 exchange rate     7.76       7.75  
Period-average HK$ : US$1 exchange rate     7.77       7.77
XML 35 R26.htm IDEA: XBRL DOCUMENT v3.21.1
Plant and Equipment (Tables)
3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Schedule of Plant and Equipment
   

March 31,

2021

   

December 31,

2020

 
Computer and software   $ 96,508     $ 96,508  
Furniture and fittings     6,144       6,144  
Office equipment     11,113       11,113  
Motor vehicle     79,054       79,054  
Total plant and equipment   $ 192,819     $ 192,819  
Accumulated depreciation     (143,145 )     (138,371 )
Effect of translation exchange     (6,349 )     (2,495 )
Plant and equipment, net   $ 43,325     $ 51,953  
XML 36 R27.htm IDEA: XBRL DOCUMENT v3.21.1
Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
   

March 31,

2021

   

December 31,

2020

 
Trademarks   $ 12,077     $ 12,077  
Amortization     (6,101 )     (6,101 )
Effect of translation exchange     (454 )     (411 )
Intangible assets, net   $ 5,522     $ 5,565  
XML 37 R28.htm IDEA: XBRL DOCUMENT v3.21.1
Other Receivables, Prepaid Expenses and Deposits (Tables)
3 Months Ended
Mar. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Other Receivables, Prepaid Expenses and Deposits
   

March 31,

2021

   

December 31,

2020

 
Prepaid expenses   $ 1,470     $ 1,470  
Deposits     26,279       32,134  
Total prepaid expenses and deposits   $ 27,749     $ 33,604  
XML 38 R29.htm IDEA: XBRL DOCUMENT v3.21.1
Inventories (Tables)
3 Months Ended
Mar. 31, 2021
Inventory Disclosure [Abstract]  
Schedule of Inventories
   

March 31,

2021

   

December 31,

2020

 
Finished goods, at cost   $ 33,040     $ 37,995  
Total inventories   $ 33,040     $ 37,995  
XML 39 R30.htm IDEA: XBRL DOCUMENT v3.21.1
Other Payables and Accrued Liabilities (Tables)
3 Months Ended
Mar. 31, 2021
Payables and Accruals [Abstract]  
Schedule of Other Payables and Accrued Liabilities
   

March 31,

2021

    December 31, 2020  
Other payables   $ 132,952     $ 123,408  
Accrued audit fees     19,638       18,831  
Accrued other expenses     11,197       20,911  
Accrued professional fees     4,104       3,750  
Total payables and accrued liabilities   $ 167,891     $ 166,900
XML 40 R31.htm IDEA: XBRL DOCUMENT v3.21.1
Finance Lease Liability (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Schedule of Obligation Under Finance Lease

The obligation under the finance lease is as follows:

 

    As of March 31,     As of December 31,  
    2021     2020  
Finance lease   $ 43,906     $ 46,490  
Less: interest expense     (3,836 )     (4,296 )
Net present value of finance lease     40,070       42,194  
                 
Current portion     8,756       9,876  
Non-current portion     31,314       32,318  
Total   $ 40,070     $ 42,194  
Schedule of Maturities of Finance Lease

As of March 31, 2021 the maturities of the finance lease for each of the years are as follows:

 

2021     8,756  
2022     9,173  
2023     9,589  
2024     10,006  
2025     2,546  
Total   $ 40,070  
XML 41 R32.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes (Tables)
3 Months Ended
Mar. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Loss Before Income Taxes

For the three months ended March 2021 and 2020, the local (United States) and foreign components of profit before income taxes were comprised of the following:

 

   

For the three months ended

March 31, 2021

   

For the three months ended

March 31, 2020

 
             
Tax jurisdictions from:                
- Local   $ (4,024 )   $ (6,761 )
- Foreign, representing                
Seychelles     (1,500 )     (93 )
Hong Kong     (1,841 )     702  
Malaysia     40,153       15,197  
PRC     -       (6,063 )
                 
Profit before income tax   $ 32,788     $ 2,982
Schedule of Provision for Income Taxes

The provision for income taxes consisted of the following:

 

       For the three months ended March 31, 2021        For the three months ended March 31, 2020  
Current:                
- Local   $ -     $ -  
- Foreign     -       -  
                 
Deferred:                
- Local     -       -  
- Foreign     -       -  
                 
Income tax expense   $ -     $ -  
XML 42 R33.htm IDEA: XBRL DOCUMENT v3.21.1
Concentrations of Risks (Tables)
3 Months Ended
Mar. 31, 2021
Risks and Uncertainties [Abstract]  
Schedule of Concentrations of Risks

(a) Major customers

 

For three months ended March 31, 2021 and 2020, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at period-end are presented as follows:

 

    2021     2020     2021     2020     2021     2020  
    Revenue     Percentage of
revenue
    Accounts receivable  
                                     
Customer A   $ 34,445     $ 57,106       12 %     11 %   $ 4,639       -  
Customer B   $ 173,379     $ 115,639       60 %     22 %   $ 75,962       -  
Customer C   $ 44,513     $ -       15 %     - %   $ -       -  
    $ 252,337     $ 172,745       87 %     33 %   $ 80,601       -  

 

(b) Major vendors

 

For three months ended March 31, 2021 and 2020, the vendors who accounted for 10% or more of the Company’s purchases and its accounts payable balance at period-end are presented as follows:

 

    2021     2020     2021     2020     2021     2020  
    Purchase     Percentage of
purchase
    Accounts payable  
                                     
Vendor A   $ 16,915     $ 44,733       10 %     12 %   $ -       -  
Vendor B   $ 129,422     $ 821,713       77 %     52 %   $ -       -  
    $ 146,337     $ 866,466       87 %     64 %   $ -       -  
XML 43 R34.htm IDEA: XBRL DOCUMENT v3.21.1
Lease Right-of-Use Asset and Lease Liabilities (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Schedule of Operating Lease Right of Use Asset

As of March 31, 2021 and December 31, 2020, operating lease right of use asset as follow:

 

    As of March 31, 2021     As of December 31, 2020  
As of beginning of the period/year   $ 136,308     $ 136,308  
Accumulated amortization     (102,830 )     (88,404 )
Effect of translation exchange     1,951       (251 )
Balance as of end of the period/year   $ 35,429     $ 47,653  
Schedule of Operating Lease Liability

As of March 31, 2021, operating lease liability as follow:

 

As of January 1, 2021   $ 48,114  
Less: gross repayment     (12,241 )
Add: imputed interest     447  
Effect of translation exchange     (34 )
Balance as of March 31, 2021   $ 36,286  
Lease liability current portion   $ 36,286
Schedule of Maturities of Operating Lease Obligation

Maturities of operating lease obligation as follow:

 

Year ending      
December 31, 2021     36,286  
Total   $ 36,286
Schedule of Operating Lease Other Information

Other information:

 

    As of March 31, 2021     As of December 31, 2020  
      (unaudited)       (audited)  
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flow from operating lease   $ (11,828 )   $ 45,312  
Right-of-use assets obtained in exchange for operating lease liabilities     35,429       47,653  
Remaining lease term for operating lease (years)     1       1  
Weighted average discount rate for operating lease     4.47 %     4.47 %
XML 44 R35.htm IDEA: XBRL DOCUMENT v3.21.1
Description of Business and Organization (Details Narrative)
Mar. 31, 2021
DSwiss Biotech Sdn, Bhd [Member] | Malaysia [Member]  
Equity ownership interest rate percentage 40.00%
DSwiss Holding Limited [Member] | DSwiss (HK) Limited [Member] | Hong Kong [Member]  
Equity ownership interest rate percentage 100.00%
DSwiss Holding Limited [Member] | DSwiss Sdn Bhd [Member] | Malaysia [Member]  
Equity ownership interest rate percentage 100.00%
XML 45 R36.htm IDEA: XBRL DOCUMENT v3.21.1
Description of Business and Organization - Schedule of Variable Interest Entity (Details)
3 Months Ended
Mar. 31, 2021
DSwiss Holding Limited [Member]  
Company name DSwiss Holding Limited
Place and date of incorporation Seychelles, May 28, 2015
Particulars of issued capital 1 share of ordinary share of US$1 each
Principal activities Investment holding
Proportional of ownership interest and voting power held 100.00%
DSwiss (HK) Limited [Member]  
Company name DSwiss (HK) Limited
Place and date of incorporation Hong Kong, May 28, 2015
Particulars of issued capital 1 share of ordinary share of HK$1 each
Principal activities Supply of beauty products
Proportional of ownership interest and voting power held 100.00%
DSwiss Sdn Bhd [Member]  
Company name DSwiss Sdn Bhd
Place and date of incorporation Malaysia, March 10, 2011
Particulars of issued capital 2 shares of ordinary share of RM 1 each
Principal activities Supply of beauty products
Proportional of ownership interest and voting power held 100.00%
DSwiss Biotech Sdn Bhd [Member]  
Company name DSwiss Biotech Sdn Bhd [1]
Place and date of incorporation Malaysia, March 17, 2016
Particulars of issued capital 250,000 shares of ordinary share of RM 1 each
Principal activities Supply of biotech products
Proportional of ownership interest and voting power held 40.00%
[1] Based on the contractual arrangements between the Company and other investors, the Company has the power to direct the relevant activities of these entities unilaterally, and hence the Company has control over these entities.
XML 46 R37.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Significant Accounting Policies (Details Narrative)
3 Months Ended
Mar. 31, 2021
USD ($)
Integer
Mar. 31, 2020
USD ($)
Accounting Policies [Abstract]    
Shipping and handling fees $ 717 $ 5,015
Finite-lived intangible asset, useful life 10 years  
Impairment losses  
Income tax benefit likelihood description greater than 50%  
Number of reportable segments integer | Integer 4  
XML 47 R38.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Significant Accounting Policies - Summary of Property and Equipment Useful Life (Details)
3 Months Ended
Mar. 31, 2021
Computer and Software [Member]  
Property, Plant and Equipment [Line Items]  
Property and equipment estimated useful lives 5 years
Furniture and Fittings [Member]  
Property, Plant and Equipment [Line Items]  
Property and equipment estimated useful lives 5 years
Office Equipment [Member]  
Property, Plant and Equipment [Line Items]  
Property and equipment estimated useful lives 10 years
Motor Vehicle [Member]  
Property, Plant and Equipment [Line Items]  
Property and equipment estimated useful lives 5 years
XML 48 R39.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Significant Accounting Policies - Schedule of Foreign Currencies Translation (Details)
Mar. 31, 2021
Mar. 31, 2020
Period-End RM [Member]    
Foreign currency exchange rate, translation 4.14 4.31
Period-Average RM [Member]    
Foreign currency exchange rate, translation 4.07 4.41
Period-End HK [Member]    
Foreign currency exchange rate, translation 7.76 7.75
Period-Average HK [Member]    
Foreign currency exchange rate, translation 7.77 7.77
XML 49 R40.htm IDEA: XBRL DOCUMENT v3.21.1
VIE Structure and Arrangements (Details Narrative)
Jun. 27, 2016
Management Services Agreement I [Member] | DSwiss (HK) Limited [Member]  
Percentage of annual net profit to be received as fee 100.00%
XML 50 R41.htm IDEA: XBRL DOCUMENT v3.21.1
Stockholders' Equity (Details Narrative) - shares
Mar. 31, 2021
Dec. 31, 2020
Equity [Abstract]    
Common stock issued 206,904,600 206,904,600
Common stock outstanding 206,904,600 206,904,600
Preferred stock, shares issued
Preferred stock, shares outstanding
XML 51 R42.htm IDEA: XBRL DOCUMENT v3.21.1
Plant and Equipment (Details Narrative) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Property, Plant and Equipment [Abstract]    
Depreciation expense $ 4,774 $ 4,867
XML 52 R43.htm IDEA: XBRL DOCUMENT v3.21.1
Plant and Equipment - Schedule of Plant and Equipment (Details) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Property, Plant and Equipment [Line Items]    
Total plant and equipment $ 192,819 $ 192,819
Accumulated depreciation (143,145) (138,371)
Effect of translation exchange (6,349) (2,495)
Plant and equipment, net 43,325 51,953
Computer and Software [Member]    
Property, Plant and Equipment [Line Items]    
Total plant and equipment 96,508 96,508
Furniture and Fittings [Member]    
Property, Plant and Equipment [Line Items]    
Total plant and equipment 6,144 6,144
Office Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Total plant and equipment 11,113 11,113
Motor Vehicle [Member]    
Property, Plant and Equipment [Line Items]    
Total plant and equipment $ 79,054 $ 79,054
XML 53 R44.htm IDEA: XBRL DOCUMENT v3.21.1
Intangible Assets (Details Narrative) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]    
Amortization of intangible assets $ 259
XML 54 R45.htm IDEA: XBRL DOCUMENT v3.21.1
Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]    
Trademarks $ 12,077 $ 12,077
Amortization (6,101) (6,101)
Effect of translation exchange (454) (411)
Intangible assets, net $ 5,522 $ 5,565
XML 55 R46.htm IDEA: XBRL DOCUMENT v3.21.1
Other Receivables, Prepaid Expenses and Deposits - Schedule of Other Receivables, Prepaid Expenses and Deposits (Details) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Prepaid expenses $ 1,470 $ 1,470
Deposits 26,279 32,134
Total prepaid expenses and deposits $ 27,749 $ 33,604
XML 56 R47.htm IDEA: XBRL DOCUMENT v3.21.1
Inventories - Schedule of Inventories (Details) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Inventory Disclosure [Abstract]    
Finished goods, at cost $ 33,040 $ 37,995
Total inventories $ 33,040 $ 37,995
XML 57 R48.htm IDEA: XBRL DOCUMENT v3.21.1
Other Payables and Accrued Liabilities - Schedule of Other Payables and Accrued Liabilities (Details) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Payables and Accruals [Abstract]    
Other payables $ 132,952 $ 123,408
Accrued audit fees 19,638 18,831
Accrued other expenses 11,197 20,911
Accrued professional fees 4,104 3,750
Total payables and accrued liabilities $ 167,891 $ 166,900
XML 58 R49.htm IDEA: XBRL DOCUMENT v3.21.1
Finance Lease Liability (Details Narrative) - Finance Lease Agreement [Member]
3 Months Ended
Mar. 31, 2021
Finance lease, effective interest rate percentage 3.99%
Finance lease, description The effective interest rate of 3.99% per annum, due through June 30, 2025, with principal and interest payable monthly.
XML 59 R50.htm IDEA: XBRL DOCUMENT v3.21.1
Finance Lease Liability - Schedule of Obligation Under Finance Lease (Details) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Leases [Abstract]      
Finance lease $ 43,906   $ 46,490
Less: interest expense (3,836) $ (4,296)  
Net present value of finance lease 40,070   42,194
Current portion 8,756   9,876
Non-current portion 31,314   32,318
Total $ 40,070   $ 42,194
XML 60 R51.htm IDEA: XBRL DOCUMENT v3.21.1
Finance Lease Liability - Schedule of Maturities of Finance Lease (Details) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Leases [Abstract]    
2021 $ 8,756  
2022 9,173  
2023 9,589  
2024 10,006  
2025 2,546  
Total $ 40,070 $ 42,194
XML 61 R52.htm IDEA: XBRL DOCUMENT v3.21.1
Amount Due to a Director (Details Narrative) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Related Party Transactions [Abstract]    
Advance from a director $ 154,976 $ 155,437
XML 62 R53.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes (Details Narrative)
3 Months Ended
Mar. 31, 2021
USD ($)
United States of America [Member]  
Cumulative net operating losses $ 389,573
Income tax rate 21.00%
Net operating loss carryforwards expire The net operating loss carry forwards begin to expire in 2038, if unutilized.
Valuation allowance $ 81,810
Hong Kong [Member] | DSwiss (HK) Limited [Member]  
Cumulative net operating losses $ 624,056
Income tax rate 16.50%
Percentage of statutory income rate 16.50%
Valuation allowance $ 102,969
Malaysia [Member] | DSwiss Sdn Bhd and DSwiss Biotech Sdn Bhd [Member]  
Cumulative net operating losses $ 433,385
Percentage of statutory income rate 17.00%
Valuation allowance $ 73,675
Malaysia [Member] | DSwiss Sdn Bhd and DSwiss Biotech Sdn Bhd [Member] | Minimum [Member]  
Percentage of statutory income rate 17.00%
Malaysia [Member] | DSwiss Sdn Bhd and DSwiss Biotech Sdn Bhd [Member] | Maximum [Member]  
Percentage of statutory income rate 24.00%
XML 63 R54.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes - Schedule of Components of Income Loss Before Income Taxes (Details) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Tax jurisdictions from local $ (4,024) $ (6,761)
Profit before income tax 32,788 2,982
Seychelles [Member]    
Tax jurisdictions from foreign (1,500) (93)
Hong Kong [Member]    
Tax jurisdictions from foreign (1,841) 702
Malaysia [Member]    
Tax jurisdictions from foreign 40,153 15,197
People's Republic of China (PRC) [Member]    
Tax jurisdictions from foreign $ (6,063)
XML 64 R55.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes - Schedule of Provision for Income Taxes (Details) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Tax Disclosure [Abstract]    
Current: Local
Current: Foreign
Deferred: Local
Deferred: Foreign
Income tax expense
XML 65 R56.htm IDEA: XBRL DOCUMENT v3.21.1
Concentrations of Risks (Details Narrative)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Customers [Member]    
Concentration risk percentage 10.00% 10.00%
Vendors [Member]    
Concentration risk percentage 10.00% 10.00%
XML 66 R57.htm IDEA: XBRL DOCUMENT v3.21.1
Concentrations of Risks - Schedule of Concentrations of Risks (Details) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues $ 289,878 $ 527,542
Accounts Receivable 80,601
Account Payable
Customer A [Member]    
Accounts Receivable 4,639
Customer B [Member]    
Accounts Receivable 75,962
Customer C [Member]    
Accounts Receivable
Vendor A [Member]    
Account Payable
Vendor B [Member]    
Account Payable
Accounts Receivable [Member]    
Revenues $ 252,337 $ 172,745
Percentage of revenues 87.00% 33.00%
Accounts Receivable [Member] | Customer A [Member]    
Revenues $ 34,445 $ 57,106
Percentage of revenues 12.00% 10.00%
Accounts Receivable [Member] | Customer B [Member]    
Revenues $ 173,379 $ 115,639
Percentage of revenues 60.00% 77.00%
Accounts Receivable [Member] | Customer C [Member]    
Revenues $ 44,513
Percentage of revenues 15.00% 87.00%
Accounts Payable [Member]    
Purchase $ 146,337 $ 866,466
Percentage of revenues 87.00% 64.00%
Accounts Payable [Member] | Vendor A [Member]    
Purchase $ 16,915 $ 44,733
Percentage of revenues 10.00% 12.00%
Accounts Payable [Member] | Vendor B [Member]    
Purchase $ 129,422 $ 821,713
Percentage of revenues 77.00% 52.00%
XML 67 R58.htm IDEA: XBRL DOCUMENT v3.21.1
Lease Right-of-Use Asset and Lease Liabilities (Details Narrative) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Jan. 02, 2019
Lease liability $ 36,286   $ 48,114    
Lease asset- right of use 35,429   47,653 $ 136,308  
Amortization of operating lease right use of assets 102,830   88,404    
Lease expenses 14,426 $ 11,849      
ASU 2016-02 [Member]          
Lease liability         $ 136,308
Lease asset- right of use         $ 136,308
Discount rate of lease payment         4.47%
Amortization of operating lease right use of assets 16,019   45,312    
Lease expenses $ 11,828   $ 46,094    
XML 68 R59.htm IDEA: XBRL DOCUMENT v3.21.1
Lease Right-of-Use Asset and Lease Liabilities - Schedule of Operating Lease Right of Use Asset (Details) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Leases [Abstract]    
Balance as of beginning period/year $ 47,653 $ 136,308
Accumulated amortization (102,830) (88,404)
Effect of translation exchange 1,951 (251)
Balance as of ending period/year $ 35,429 $ 47,653
XML 69 R60.htm IDEA: XBRL DOCUMENT v3.21.1
Lease Right-of-Use Asset and Lease Liabilities - Schedule of Operating Lease Liability (Details) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Leases [Abstract]    
Balance as of January 1, 2021 $ 48,114  
Less: gross repayment (12,241)  
Add: imputed interest 447  
Effect of translation exchange 1,951 $ (251)
Balance as of March 31, 2021 36,286 48,114
Lease liability current portion $ 36,286 $ 48,114
XML 70 R61.htm IDEA: XBRL DOCUMENT v3.21.1
Lease Right-of-Use Asset and Lease Liabilities - Schedule of Maturities of Operating Lease Obligation (Details)
Mar. 31, 2021
USD ($)
Leases [Abstract]  
December 31, 2021 $ 36,286
Total $ 36,286
XML 71 R62.htm IDEA: XBRL DOCUMENT v3.21.1
Lease Right-of-Use Asset and Lease Liabilities - Schedule of Operating Lease Other Information (Details) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Leases [Abstract]    
Operating cash flow from operating lease $ (11,828) $ 45,312
Right-of-use assets obtained in exchange for operating lease liabilities $ 35,429 $ 47,653
Remaining lease term for operating lease (years) 1 year 1 year
Weighted average discount rate for operating lease 4.47% 4.47%
EXCEL 72 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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how.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 74 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 75 FilingSummary.xml IDEA: XBRL DOCUMENT 3.21.1 html 114 293 1 true 42 0 false 5 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://dswissbeauty.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Condensed Consolidated Balance Sheets Sheet http://dswissbeauty.com/role/BalanceSheets Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) Sheet http://dswissbeauty.com/role/BalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) Sheet http://dswissbeauty.com/role/StatementsOfOperationsAndComprehensiveIncome Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Condensed Consolidated Statements of Changes In Stockholders' Equity (Unaudited) Sheet http://dswissbeauty.com/role/StatementsOfChangesInStockholdersEquity Condensed Consolidated Statements of Changes In Stockholders' Equity (Unaudited) Statements 5 false false R6.htm 00000006 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) Sheet http://dswissbeauty.com/role/StatementsOfCashFlows Condensed Consolidated Statements of Cash Flows (Unaudited) Statements 6 false false R7.htm 00000007 - Disclosure - Description of Business and Organization Sheet http://dswissbeauty.com/role/DescriptionOfBusinessAndOrganization Description of Business and Organization Notes 7 false false R8.htm 00000008 - Disclosure - Summary of Significant Accounting Policies Sheet http://dswissbeauty.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 8 false false R9.htm 00000009 - Disclosure - VIE Structure and Arrangements Sheet http://dswissbeauty.com/role/VieStructureAndArrangements VIE Structure and Arrangements Notes 9 false false R10.htm 00000010 - Disclosure - Stockholders' Equity Sheet http://dswissbeauty.com/role/StockholdersEquity Stockholders' Equity Notes 10 false false R11.htm 00000011 - Disclosure - Plant and Equipment Sheet http://dswissbeauty.com/role/PlantAndEquipment Plant and Equipment Notes 11 false false R12.htm 00000012 - Disclosure - Intangible Assets Sheet http://dswissbeauty.com/role/IntangibleAssets Intangible Assets Notes 12 false false R13.htm 00000013 - Disclosure - Other Receivables, Prepaid Expenses and Deposits Sheet http://dswissbeauty.com/role/OtherReceivablesPrepaidExpensesAndDeposits Other Receivables, Prepaid Expenses and Deposits Notes 13 false false R14.htm 00000014 - Disclosure - Inventories Sheet http://dswissbeauty.com/role/Inventories Inventories Notes 14 false false R15.htm 00000015 - Disclosure - Other Payables and Accrued Liabilities Sheet http://dswissbeauty.com/role/OtherPayablesAndAccruedLiabilities Other Payables and Accrued Liabilities Notes 15 false false R16.htm 00000016 - Disclosure - Finance Lease Liability Sheet http://dswissbeauty.com/role/FinanceLeaseLiability Finance Lease Liability Notes 16 false false R17.htm 00000017 - Disclosure - Amount Due to a Director Sheet http://dswissbeauty.com/role/AmountDueToDirector Amount Due to a Director Notes 17 false false R18.htm 00000018 - Disclosure - Income Taxes Sheet http://dswissbeauty.com/role/IncomeTaxes Income Taxes Notes 18 false false R19.htm 00000019 - Disclosure - Concentrations of Risks Sheet http://dswissbeauty.com/role/ConcentrationsOfRisks Concentrations of Risks Notes 19 false false R20.htm 00000020 - Disclosure - Lease Right-of-Use Asset and Lease Liabilities Sheet http://dswissbeauty.com/role/LeaseRight-of-useAssetAndLeaseLiabilities Lease Right-of-Use Asset and Lease Liabilities Notes 20 false false R21.htm 00000021 - Disclosure - Subsequent Events Sheet http://dswissbeauty.com/role/SubsequentEvents Subsequent Events Notes 21 false false R22.htm 00000022 - Disclosure - Significant Events Sheet http://dswissbeauty.com/role/SignificantEvents Significant Events Notes 22 false false R23.htm 00000023 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://dswissbeauty.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://dswissbeauty.com/role/SummaryOfSignificantAccountingPolicies 23 false false R24.htm 00000024 - Disclosure - Description of Business and Organization (Tables) Sheet http://dswissbeauty.com/role/DescriptionOfBusinessAndOrganizationTables Description of Business and Organization (Tables) Tables http://dswissbeauty.com/role/DescriptionOfBusinessAndOrganization 24 false false R25.htm 00000025 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://dswissbeauty.com/role/SummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://dswissbeauty.com/role/SummaryOfSignificantAccountingPolicies 25 false false R26.htm 00000026 - Disclosure - Plant and Equipment (Tables) Sheet http://dswissbeauty.com/role/PlantAndEquipmentTables Plant and Equipment (Tables) Tables http://dswissbeauty.com/role/PlantAndEquipment 26 false false R27.htm 00000027 - Disclosure - Intangible Assets (Tables) Sheet http://dswissbeauty.com/role/IntangibleAssetsTables Intangible Assets (Tables) Tables http://dswissbeauty.com/role/IntangibleAssets 27 false false R28.htm 00000028 - Disclosure - Other Receivables, Prepaid Expenses and Deposits (Tables) Sheet http://dswissbeauty.com/role/OtherReceivablesPrepaidExpensesAndDepositsTables Other Receivables, Prepaid Expenses and Deposits (Tables) Tables http://dswissbeauty.com/role/OtherReceivablesPrepaidExpensesAndDeposits 28 false false R29.htm 00000029 - Disclosure - Inventories (Tables) Sheet http://dswissbeauty.com/role/InventoriesTables Inventories (Tables) Tables http://dswissbeauty.com/role/Inventories 29 false false R30.htm 00000030 - Disclosure - Other Payables and Accrued Liabilities (Tables) Sheet http://dswissbeauty.com/role/OtherPayablesAndAccruedLiabilitiesTables Other Payables and Accrued Liabilities (Tables) Tables http://dswissbeauty.com/role/OtherPayablesAndAccruedLiabilities 30 false false R31.htm 00000031 - Disclosure - Finance Lease Liability (Tables) Sheet http://dswissbeauty.com/role/FinanceLeaseLiabilityTables Finance Lease Liability (Tables) Tables http://dswissbeauty.com/role/FinanceLeaseLiability 31 false false R32.htm 00000032 - Disclosure - Income Taxes (Tables) Sheet http://dswissbeauty.com/role/IncomeTaxesTables Income Taxes (Tables) Tables http://dswissbeauty.com/role/IncomeTaxes 32 false false R33.htm 00000033 - Disclosure - Concentrations of Risks (Tables) Sheet http://dswissbeauty.com/role/ConcentrationsOfRisksTables Concentrations of Risks (Tables) Tables http://dswissbeauty.com/role/ConcentrationsOfRisks 33 false false R34.htm 00000034 - Disclosure - Lease Right-of-Use Asset and Lease Liabilities (Tables) Sheet http://dswissbeauty.com/role/LeaseRight-of-useAssetAndLeaseLiabilitiesTables Lease Right-of-Use Asset and Lease Liabilities (Tables) Tables http://dswissbeauty.com/role/LeaseRight-of-useAssetAndLeaseLiabilities 34 false false R35.htm 00000035 - Disclosure - Description of Business and Organization (Details Narrative) Sheet http://dswissbeauty.com/role/DescriptionOfBusinessAndOrganizationDetailsNarrative Description of Business and Organization (Details Narrative) Details http://dswissbeauty.com/role/DescriptionOfBusinessAndOrganizationTables 35 false false R36.htm 00000036 - Disclosure - Description of Business and Organization - Schedule of Variable Interest Entity (Details) Sheet http://dswissbeauty.com/role/DescriptionOfBusinessAndOrganization-ScheduleOfVariableInterestEntityDetails Description of Business and Organization - Schedule of Variable Interest Entity (Details) Details 36 false false R37.htm 00000037 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) Sheet http://dswissbeauty.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative Summary of Significant Accounting Policies (Details Narrative) Details http://dswissbeauty.com/role/SummaryOfSignificantAccountingPoliciesTables 37 false false R38.htm 00000038 - Disclosure - Summary of Significant Accounting Policies - Summary of Property and Equipment Useful Life (Details) Sheet http://dswissbeauty.com/role/SummaryOfSignificantAccountingPolicies-SummaryOfPropertyAndEquipmentUsefulLifeDetails Summary of Significant Accounting Policies - Summary of Property and Equipment Useful Life (Details) Details 38 false false R39.htm 00000039 - Disclosure - Summary of Significant Accounting Policies - Schedule of Foreign Currencies Translation (Details) Sheet http://dswissbeauty.com/role/SummaryOfSignificantAccountingPolicies-ScheduleOfForeignCurrenciesTranslationDetails Summary of Significant Accounting Policies - Schedule of Foreign Currencies Translation (Details) Details 39 false false R40.htm 00000040 - Disclosure - VIE Structure and Arrangements (Details Narrative) Sheet http://dswissbeauty.com/role/VieStructureAndArrangementsDetailsNarrative VIE Structure and Arrangements (Details Narrative) Details http://dswissbeauty.com/role/VieStructureAndArrangements 40 false false R41.htm 00000041 - Disclosure - Stockholders' Equity (Details Narrative) Sheet http://dswissbeauty.com/role/StockholdersEquityDetailsNarrative Stockholders' Equity (Details Narrative) Details http://dswissbeauty.com/role/StockholdersEquity 41 false false R42.htm 00000042 - Disclosure - Plant and Equipment (Details Narrative) Sheet http://dswissbeauty.com/role/PlantAndEquipmentDetailsNarrative Plant and Equipment (Details Narrative) Details http://dswissbeauty.com/role/PlantAndEquipmentTables 42 false false R43.htm 00000043 - Disclosure - Plant and Equipment - Schedule of Plant and Equipment (Details) Sheet http://dswissbeauty.com/role/PlantAndEquipment-ScheduleOfPlantAndEquipmentDetails Plant and Equipment - Schedule of Plant and Equipment (Details) Details 43 false false R44.htm 00000044 - Disclosure - Intangible Assets (Details Narrative) Sheet http://dswissbeauty.com/role/IntangibleAssetsDetailsNarrative Intangible Assets (Details Narrative) Details http://dswissbeauty.com/role/IntangibleAssetsTables 44 false false R45.htm 00000045 - Disclosure - Intangible Assets - Schedule of Intangible Assets (Details) Sheet http://dswissbeauty.com/role/IntangibleAssets-ScheduleOfIntangibleAssetsDetails Intangible Assets - Schedule of Intangible Assets (Details) Details 45 false false R46.htm 00000046 - Disclosure - Other Receivables, Prepaid Expenses and Deposits - Schedule of Other Receivables, Prepaid Expenses and Deposits (Details) Sheet http://dswissbeauty.com/role/OtherReceivablesPrepaidExpensesAndDeposits-ScheduleOfOtherReceivablesPrepaidExpensesAndDepositsDetails Other Receivables, Prepaid Expenses and Deposits - Schedule of Other Receivables, Prepaid Expenses and Deposits (Details) Details 46 false false R47.htm 00000047 - Disclosure - Inventories - Schedule of Inventories (Details) Sheet http://dswissbeauty.com/role/Inventories-ScheduleOfInventoriesDetails Inventories - Schedule of Inventories (Details) Details 47 false false R48.htm 00000048 - Disclosure - Other Payables and Accrued Liabilities - Schedule of Other Payables and Accrued Liabilities (Details) Sheet http://dswissbeauty.com/role/OtherPayablesAndAccruedLiabilities-ScheduleOfOtherPayablesAndAccruedLiabilitiesDetails Other Payables and Accrued Liabilities - Schedule of Other Payables and Accrued Liabilities (Details) Details 48 false false R49.htm 00000049 - Disclosure - Finance Lease Liability (Details Narrative) Sheet http://dswissbeauty.com/role/FinanceLeaseLiabilityDetailsNarrative Finance Lease Liability (Details Narrative) Details http://dswissbeauty.com/role/FinanceLeaseLiabilityTables 49 false false R50.htm 00000050 - Disclosure - Finance Lease Liability - Schedule of Obligation Under Finance Lease (Details) Sheet http://dswissbeauty.com/role/FinanceLeaseLiability-ScheduleOfObligationUnderFinanceLeaseDetails Finance Lease Liability - Schedule of Obligation Under Finance Lease (Details) Details 50 false false R51.htm 00000051 - Disclosure - Finance Lease Liability - Schedule of Maturities of Finance Lease (Details) Sheet http://dswissbeauty.com/role/FinanceLeaseLiability-ScheduleOfMaturitiesOfFinanceLeaseDetails Finance Lease Liability - Schedule of Maturities of Finance Lease (Details) Details 51 false false R52.htm 00000052 - Disclosure - Amount Due to a Director (Details Narrative) Sheet http://dswissbeauty.com/role/AmountDueToDirectorDetailsNarrative Amount Due to a Director (Details Narrative) Details http://dswissbeauty.com/role/AmountDueToDirector 52 false false R53.htm 00000053 - Disclosure - Income Taxes (Details Narrative) Sheet http://dswissbeauty.com/role/IncomeTaxesDetailsNarrative Income Taxes (Details Narrative) Details http://dswissbeauty.com/role/IncomeTaxesTables 53 false false R54.htm 00000054 - Disclosure - Income Taxes - Schedule of Components of Income Loss Before Income Taxes (Details) Sheet http://dswissbeauty.com/role/IncomeTaxes-ScheduleOfComponentsOfIncomeLossBeforeIncomeTaxesDetails Income Taxes - Schedule of Components of Income Loss Before Income Taxes (Details) Details 54 false false R55.htm 00000055 - Disclosure - Income Taxes - Schedule of Provision for Income Taxes (Details) Sheet http://dswissbeauty.com/role/IncomeTaxes-ScheduleOfProvisionForIncomeTaxesDetails Income Taxes - Schedule of Provision for Income Taxes (Details) Details 55 false false R56.htm 00000056 - Disclosure - Concentrations of Risks (Details Narrative) Sheet http://dswissbeauty.com/role/ConcentrationsOfRisksDetailsNarrative Concentrations of Risks (Details Narrative) Details http://dswissbeauty.com/role/ConcentrationsOfRisksTables 56 false false R57.htm 00000057 - Disclosure - Concentrations of Risks - Schedule of Concentrations of Risks (Details) Sheet http://dswissbeauty.com/role/ConcentrationsOfRisks-ScheduleOfConcentrationsOfRisksDetails Concentrations of Risks - Schedule of Concentrations of Risks (Details) Details 57 false false R58.htm 00000058 - Disclosure - Lease Right-of-Use Asset and Lease Liabilities (Details Narrative) Sheet http://dswissbeauty.com/role/LeaseRight-of-useAssetAndLeaseLiabilitiesDetailsNarrative Lease Right-of-Use Asset and Lease Liabilities (Details Narrative) Details http://dswissbeauty.com/role/LeaseRight-of-useAssetAndLeaseLiabilitiesTables 58 false false R59.htm 00000059 - Disclosure - Lease Right-of-Use Asset and Lease Liabilities - Schedule of Operating Lease Right of Use Asset (Details) Sheet http://dswissbeauty.com/role/LeaseRight-of-useAssetAndLeaseLiabilities-ScheduleOfOperatingLeaseRightOfUseAssetDetails Lease Right-of-Use Asset and Lease Liabilities - Schedule of Operating Lease Right of Use Asset (Details) Details 59 false false R60.htm 00000060 - Disclosure - Lease Right-of-Use Asset and Lease Liabilities - Schedule of Operating Lease Liability (Details) Sheet http://dswissbeauty.com/role/LeaseRight-of-useAssetAndLeaseLiabilities-ScheduleOfOperatingLeaseLiabilityDetails Lease Right-of-Use Asset and Lease Liabilities - Schedule of Operating Lease Liability (Details) Details 60 false false R61.htm 00000061 - Disclosure - Lease Right-of-Use Asset and Lease Liabilities - Schedule of Maturities of Operating Lease Obligation (Details) Sheet http://dswissbeauty.com/role/LeaseRight-of-useAssetAndLeaseLiabilities-ScheduleOfMaturitiesOfOperatingLeaseObligationDetails Lease Right-of-Use Asset and Lease Liabilities - Schedule of Maturities of Operating Lease Obligation (Details) Details 61 false false R62.htm 00000062 - Disclosure - Lease Right-of-Use Asset and Lease Liabilities - Schedule of Operating Lease Other Information (Details) Sheet http://dswissbeauty.com/role/LeaseRight-of-useAssetAndLeaseLiabilities-ScheduleOfOperatingLeaseOtherInformationDetails Lease Right-of-Use Asset and Lease Liabilities - Schedule of Operating Lease Other Information (Details) Details 62 false false All Reports Book All Reports dqws-20210331.xml dqws-20210331.xsd dqws-20210331_cal.xml dqws-20210331_def.xml dqws-20210331_lab.xml dqws-20210331_pre.xml http://fasb.org/srt/2021-01-31 http://xbrl.sec.gov/dei/2021 http://xbrl.sec.gov/country/2021 http://fasb.org/us-gaap/2021-01-31 true true ZIP 77 0001493152-21-011396-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-21-011396-xbrl.zip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end