DTS8 COFFEE COMPANY, LTD.

CIK:0001499361|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016
OPERATING EXPENSES
General and administrative expenses	$ 75,284	$ 82,427	$ 206,165	$ 784,945
TOTAL OPERATING EXPENSES	75,284	82,427	206,165	784,945
LOSS FROM OPERATIONS	(75,284)	(82,427)	(206,165)	(784,945)
Interest expense	(13,218)	(110,293)	(65,759)	(176,762)
Change in fair value of derivative liabilities	(51,608)	(269,477)	120,522	(290,774)
Other expenses		(131)		(19,807)
TOTAL OTHER INCOME (EXPENSES)	(64,826)	(379,901)	54,763	(487,343)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS	(140,110)	(462,328)	(151,402)	(1,272,288)
NET LOSS ON DISCONTINUED OPERATIONS		(21,907)	(117,034)	(32,964)
NET INCOME (LOSS)	(140,110)	(484,235)	(268,436)	(1,305,252)
OTHER COMPREHENSIVE LOSS
Foreign currency translation adjustment		4,570		8,327
TOTAL COMPREHENSIVE INCOME (LOSS)	$ (140,110)	$ (479,665)	$ (268,436)	$ (1,296,925)
BASIC AND DILUTED NET LOSS PER COMMON SHARE
From continuing operations	$ (0.00)	$ (0.01)	$ (0.00)	$ (0.03)
From discontinued operations	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	63,928,163	49,594,832	63,928,163	43,895,324

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016	Apr. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (loss) from continuing operations	$ (140,110)	$ (462,328)	$ (151,402)	$ (1,272,288)
Adjustments to reconcile net loss to net cash used in continuing operating activities:
Amortization of debt discount				169,500	$ 254,000
Change in fair value of derivative liabilities	51,608	269,477	(120,522)	290,774
Financing costs			28,456
Accrued interest on loans			29,162	2,160
Shares issued for services			70,404	540,500
Changes in operating assets and liabilities:
Prepaid expenses			525
Due to related parties				154,529
Accounts payable and accruals			(36,174)	(132,111)
NET CASH USED IN CONTINUING OPERATING ACTIVITIES			(179,551)	(246,936)
CASH FLOWS FROM CONTINUING FINANCING ACTIVITIES
Shares issued for cash				50,000
Proceeds (repayments) of convertible notes			(129,880)	200,000
Proceeds (repayments) of related parties			61,800	(116,318)
Proceeds from notes payable			241,250
NET CASH PROVIDED BY CONTINUING FINANCING ACTIVITIES			173,170	133,682
CASH FLOW FROM DISCONTINUED OPERATIONS
Net cash Provided by (used in) discontinued operating activities			(117,034)	67,739
Net cash provided by (used in) discontinued investing activities			117,034	(9,880)
NET CASH PROVIDED BY (USED IN) DISCONTINUED OPERATIONS				57,859
NET INCREASE (DECREASE) IN CASH			(6,831)	(55,395)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR			7,275	85,665	85,665
CASH AND CASH EQUIVALENTS AT END OF YEAR	$ 894	$ 30,270	894	30,270	$ 7,275
Non-cash investing and financing activities:
Shares issued for conversion of notes and accrued interests			50,000	56,160
shares issued for related party debt				248,000
Reclassification of derivative liabilities to additional paid-in capital			64,362	91,509
Share issued for services			133,000
Debt discount from derivative liabilities				$ 254,000

Consolidated Balance Sheets - USD ($)	Jan. 31, 2017	Apr. 30, 2016
Current assets
Cash and cash equivalents	$ 894	$ 7,275
Prepaid expenses	62,596	525
TOTAL ASSETS	63,490	7,800
Current liabilities
Accounts payable and accruals	42,778	78,952
Loans payable	246,618
Convertible notes payable, net	78,120	258,000
Derivative liabilities	108,722	293,606
Total Current Liabilities	476,238	630,558
Loans payable	508,777	371,749
Due to related parties	182,049
Liabilities held for sale		126,305
TOTAL LIABILITIES	1,167,064	1,128,612
STOCKHOLDERS' DEFICIT
Common stock, 75,000,000 shares authorized, $0.001 par value; 63,928,163 and 52,336,499 shares issued and outstanding as of January 31, 2017 and April 30, 2016, respectively	63,928	52,336
Additional paid in capital	8,560,392	8,294,622
Shares to be issued	16,000
Accumulated deficit	(9,743,894)	(9,475,458)
Accumulated other comprehensive income (loss)		7,688
TOTAL STOCKHOLDERS' DEFICIT	(1,103,574)	(1,120,812)
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT	$ 63,490	$ 7,800