Cash disposed due to disposal of 
 subsidiary                                          -          (35) 
                                           -----------   ----------- 
 
Net cash used in investing activities         (47,520)         (365) 
 
Cash flows from financing activities: 
Repayment to related parties                 (426,944)     (675,828) 
Proceeds from loan payables                          -       879,422 
Repayment of loan payables                    (40,815)     (184,425) 
Net proceeds from issuance of common 
 stock                                       1,958,751     8,061,286 
                                           -----------   ----------- 
 
Net cash provided by financing 
 activities                                  1,490,992     8,080,455 
 
Effect of exchange rate changes on cash         45,527     (136,657) 
                                           -----------   ----------- 
 
Net increase in cash                           756,344     1,199,020 
 
Cash, beginning of period                      181,262        19,728 
                                           -----------   ----------- 
 
Cash, end of period                       $    937,606  $  1,218,748 
                                           ===========   =========== 
 
Supplemental disclosures of cash flow 
information: 
Cash paid for interest                    $      9,214  $      5,551 
                                           ===========   =========== 
Cash paid for income tax                  $          -  $          - 
                                           ===========   =========== 
 
Supplemental disclosures of non-cash 
financing activities: 
Right-of-use assets obtained in exchange 
 for operating lease liabilities          $    197,347  $          - 
                                           ===========   =========== 
 

IMPORTANT NOTICE TO USERS

The information provided is a summary only, please refer to the Form 10-Q for the full text of this notice. All information is unaudited unless otherwise noted or accompanied by an audit opinion and is subject to the more comprehensive information contained in our SEC reports and filings. We do not endorse third-party information All information speaks as of the last fiscal quarter or year for which we have filed a Form 10-K or 10-Q, or for historical information the date or period expressly indicated in or with such information. We undertake no duty to update the information. Forward-looking statements are subject to risks and uncertainties described in our Forms 10-Q and 10-K.

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SOURCE Datasea Inc.

(END) Dow Jones Newswires

November 13, 2024 09:30 ET (14:30 GMT)