DatChat, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>DatChat, Inc. has filed its 2023 annual report, detailing its financial performance and corporate structure.</b>

AI Summary

DatChat, Inc. (MYSEW) filed a Annual Report (10-K) with the SEC on March 29, 2024. DatChat, Inc. filed its 2023 Form 10-K on March 29, 2024. The company is incorporated in Nevada and its fiscal year ends on December 31. Common stock (DATS) and Series A Warrants (DATSW) are traded on The Nasdaq Stock Market LLC. DatChat, Inc. is not a well-known seasoned issuer and is not required to file reports under Section 13 or 15(d) of the Act. The company has submitted all required Interactive Data Files for the preceding 12 months.

Why It Matters

For investors and stakeholders tracking DatChat, Inc., this filing contains several important signals. This filing provides a comprehensive overview of DatChat's operations and financial health for the fiscal year ended December 31, 2023, crucial for investors to assess performance and future prospects. The report confirms the listing of DatChat's common stock and warrants on the Nasdaq, indicating its status as a publicly traded entity and providing information relevant to its market valuation.

Risk Assessment

Risk Level: low — DatChat, Inc. shows low risk based on this filing. The filing is a standard annual report (10-K) and does not contain immediate, significant negative or positive financial disclosures beyond routine reporting requirements.

Analyst Insight

Review the full 10-K filing for detailed financial statements, risk factors, and management discussion to understand DatChat's performance and outlook.

Key Numbers

• 2023 — Fiscal Year End (The report covers the fiscal year ended December 31, 2023.)
• 001-40729 — Commission File Number (The SEC file number for DatChat, Inc.)
• 47-2502264 — IRS Employer Identification No. (The company's IRS EIN.)
• $0.0001 — Par Value per Share (Par value of the Common Stock.)
• $4.98 — Warrant Exercise Price (Exercise price for Series A Warrants.)

Key Players & Entities

• DatChat, Inc. (company) — Filer name and subject of the 10-K filing.
• 2023 (date) — Fiscal year end for the report.
• March 29, 2024 (date) — Filing date of the 10-K.
• Nevada (location) — State of incorporation.
• December 31 (date) — Fiscal year end date.
• DATS (stock_symbol) — Trading symbol for Common Stock.
• DATSW (stock_symbol) — Trading symbol for Series A Warrants.
• The Nasdaq Stock Market LLC (company) — Exchange where securities are registered.

FAQ

Industry Context

DatChat, Inc. operates in the Telecommunication Services industry, specifically focusing on messaging and communication platforms.

Regulatory Implications

The company is subject to SEC regulations for public filings, including the requirement to submit annual reports (10-K) under the Securities Exchange Act of 1934.

What Investors Should Do

1. Thoroughly review the 'Risk Factors' section of the 10-K for potential business and financial risks.
2. Analyze the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' for insights into the company's performance drivers.
3. Examine the financial statements (Balance Sheets, Income Statements, Cash Flow Statements) for the fiscal year ended December 31, 2023.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-03-29: 10-K Filing Date — Date the annual report was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing for the fiscal year 2023, following the requirements of the Securities Exchange Act of 1934.

Key Financial Figures

• $0.0001 — ich Registered Common Stock, par value $0.0001 per share DATS The Nasdaq Stock Market
• $4.98 — of Common Stock at an exercise price of $4.98 DATSW The Nasdaq Stock Market LLC Sec

Filing Documents

• ea0202433-10k_datchat.htm (10-K) — 1330KB
• ea020243301ex4-8_datchat.htm (EX-4.8) — 18KB
• ea020243301ex21-1_datchat.htm (EX-21.1) — 2KB
• ea020243301ex23-1_datchat.htm (EX-23.1) — 2KB
• ea020243301ex23-2_datchat.htm (EX-23.2) — 2KB
• ea020243301ex31-1_datchat.htm (EX-31.1) — 12KB
• ea020243301ex31-2_datchat.htm (EX-31.2) — 12KB
• ea020243301ex32-1_datchat.htm (EX-32.1) — 6KB
• ea020243301ex97-1_datchat.htm (EX-97.1) — 44KB
• fin_001.jpg (GRAPHIC) — 8KB
• fin_002.jpg (GRAPHIC) — 11KB
• fin_003.jpg (GRAPHIC) — 25KB
• 0001213900-24-027991.txt (&nbsp;) — 6258KB
• dats-20231231.xsd (EX-101.SCH) — 68KB
• dats-20231231_cal.xml (EX-101.CAL) — 40KB
• dats-20231231_def.xml (EX-101.DEF) — 284KB
• dats-20231231_lab.xml (EX-101.LAB) — 554KB
• dats-20231231_pre.xml (EX-101.PRE) — 283KB
• ea0202433-10k_datchat_htm.xml (XML) — 520KB

Business

Business 1 Item 1A. Risk Factors 6 Item 1B. Unresolved Staff Comments 22 Item 1C. Cybersecurity 23 Item 2.

Properties

Properties 23 Item 3. Legal Proceedings 23 Item 4. Mine Safety Disclosures 23 Part II 24 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 24 Item 6. [Reserved] 24 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Item 7A. Quantitative and Qualitative Disclosures About Market Risk 31 Item 8. Financial 31 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 31 Item 9A. Controls and Procedures 32 Item 9B. Other Information 32 Item 9C. Disclosure Regarding Foreign Jurisdiction that Prevent Inspections 32 Part III 33 Item 10. Directors, Executive Officers and Corporate Governance 33 Item 11. Executive Compensation 36 Item 12. Security 38 Item 13. Certain Relationships and Related Transactions, and Director Independence 39 Item 14. Principal Accountant Fees and Services 40 Part IV 41 Item 15. Exhibit and Financial Statement Schedules 41 Item 16. Form 10-K Summary 42

Signatures

Signatures 43 i CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Any statements in this Annual Report on Form 10-K about our expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as "believe," "will," "expect," "anticipate," "estimate," "intend," "plan" and "would." For example, statements concerning financial condition, possible or assumed future results of operations, growth opportunities, industry ranking, plans and objectives of management, markets for our common stock and future management and organizational structure are all forward-looking statements. Forward-looking statements are not guarantees of performance. They involve known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to differ materially from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. Any forward-looking statements are qualified in their entirety by reference to the risk factors discussed throughout this Annual Report on Form 10-K. Some of the risks, uncertainties and assumptions that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include, but are not limited to: our business strategies; the timing of regulatory submissions; our ability to obtain and maintain regulatory approval of our existing product candidates and any other product candidates we may develop, and the labeling under any approval we may obtain; risks rela

View Full Filing

View this 10-K filing on SEC EDGAR