10-K Filing

DSS, INC. CIK: 771999 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001144204-12-015842`
Period End Date	20111231
Filing Date	20120319
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	dss-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 54 Cash Flow Statement 51 Stockholders Equity 18

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$66.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$76.00K	USD	Point-in-time
Long-term debt, unamortized discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	$88.00K	USD	Point-in-time
Long-term debt, unamortized discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	-	USD	Point-in-time
Cash	`Cash`	$717.68K	USD	Point-in-time
Cash	`Cash`	$4.09M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.02	USD	Point-in-time
Cash	`Cash`	$448.89K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.02	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Accounts receivable, net of allowance of $76,000 ($66,000- 2010)	`AccountsReceivableNetCurrent`	$1.60M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Accounts receivable, net of allowance of $76,000 ($66,000- 2010)	`AccountsReceivableNetCurrent`	$2.23M	USD	Point-in-time
Inventory	`InventoryNet`	$783.44K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.39M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.51M	shares	Point-in-time
Inventory	`InventoryNet`	$601.36K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.39M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$231.19K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.51M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$95.40K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.15M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.54M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.02M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$244.36K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$325.95K	USD	Point-in-time
Goodwill	`Goodwill`	$3.32M	USD	Point-in-time
Goodwill	`Goodwill`	$3.08M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.85M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.04M	USD	Point-in-time
Total assets	`Assets`	$14.95M	USD	Point-in-time
Total assets	`Assets`	$12.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.67M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$1.29M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$1.14M	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$763.74K	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$614.83K	USD	Point-in-time
Short-term loan from related party	`DueToRelatedPartiesCurrent`	$150.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$300.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$460.60K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$88.17K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$88.78K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.12M	USD	Point-in-time
Revolving note from related party	`DueToRelatedPartiesNoncurrent`	$583.00K	USD	Point-in-time
Long-term debt, net of unamortized discount of $88,000 ($0-2010)	`LongTermDebtNoncurrent`	$1.58M	USD	Point-in-time
Long-term debt, net of unamortized discount of $88,000 ($0-2010)	`LongTermDebtNoncurrent`	$2.82M	USD	Point-in-time
Interest rate swap hedging liabilities	`OtherLiabilitiesNoncurrent`	$25.83K	USD	Point-in-time
Interest rate swap hedging liabilities	`OtherLiabilitiesNoncurrent`	$110.69K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$98.53K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$11.13K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$108.73K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$89.78K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$3.87M	USD	Point-in-time
Commitments and contingencies (see Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 19,513,132 shares issued and outstanding (19,391,319 in 2010)	`CommonStockValue`	$387.82K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 19,513,132 shares issued and outstanding (19,391,319 in 2010)	`CommonStockValue`	$390.26K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$44.18M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$48.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-110.69K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.83K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-39.95M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-43.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.59M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.24M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.50M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$14.95M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.82M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Printing	`SalesRevenueServicesNet`	$3.23M	USD	Annual
Printing	`SalesRevenueServicesNet`	$4.70M	USD	Annual
Packaging	`SalesRevenueGoodsNet`	$5.75M	USD	Annual
Packaging	`SalesRevenueGoodsNet`	$5.94M	USD	Annual
Plastic IDs and cards	`RevenueOtherManufacturedProducts`	$2.77M	USD	Annual
Plastic IDs and cards	`RevenueOtherManufacturedProducts`	$2.29M	USD	Annual
Licensing and digital solutions	`LicenseAndServicesRevenue`	$1.45M	USD	Annual
Licensing and digital solutions	`LicenseAndServicesRevenue`	$641.05K	USD	Annual
Total revenue	`Revenues`	$13.38M	USD	Annual
Total revenue	`Revenues`	$13.38M	USD	Annual
Printing	`CostOfServices`	$3.80M	USD	Annual
Printing	`CostOfServices`	$2.93M	USD	Annual
Packaging	`CostOfGoodsSold`	$4.39M	USD	Annual
Packaging	`CostOfGoodsSold`	$4.43M	USD	Annual
Plastic IDs and cards	`CostOfOtherManufacturedProducts`	$1.50M	USD	Annual
Plastic IDs and cards	`CostOfOtherManufacturedProducts`	$1.70M	USD	Annual
Licensing and digital solutions	`CostOfServicesLicensesAndServices`	$154.02K	USD	Annual
Licensing and digital solutions	`CostOfServicesLicensesAndServices`	$5.48K	USD	Annual
Total costs of revenue	`CostOfRevenue`	$9.70M	USD	Annual
Total costs of revenue	`CostOfRevenue`	$9.21M	USD	Annual
Gross profit	`GrossProfit`	$3.69M	USD	Annual
Gross profit	`GrossProfit`	$4.17M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.14M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.08M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$265.36K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$285.45K	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$376.48K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$284.72K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$803.47K	USD	Annual
Operating expenses	`OperatingExpenses`	$7.65M	USD	Annual
Operating expenses	`OperatingExpenses`	$7.58M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-3.90M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-3.47M	USD	Annual
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	$360.92K	USD	Annual
Interest expense	`InterestExpense`	$259.14K	USD	Annual
Interest expense	`InterestExpense`	$290.09K	USD	Annual
Loss on equity investment	`IncomeLossFromEquityMethodInvestments`	$-121.39K	USD	Annual
Amortizaton of note discount	`AmortizationOfDebtDiscountPremium`	$420.38K	USD	Annual
Other income	`OtherNonoperatingIncome`	$143.06K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.37M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.58M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.12M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-150.18K	USD	Annual
Net loss	`NetIncomeLoss`	$-3.46M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.22M	USD	Annual
Interest rate swap loss	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-84.85K	USD	Annual
Interest rate swap loss	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-25.83K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.31M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.49M	USD	Annual
Net loss per share -basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	Annual
Net loss per share -basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.17	USD	Annual
Dividend per share	`CommonStockDividendsPerShareDeclared`	$0.01	USD	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberBasicDilutedSharesOutstanding`	17.76M	shares	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberBasicDilutedSharesOutstanding`	19.45M	shares	Annual

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.46M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.22M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.26M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$766.98K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$423.47K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$398.09K	USD	Annual
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$420.38K	USD	Annual
Loss on equity investment	`IncomeLossFromEquityMethodInvestments`	$-121.39K	USD	Annual
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	$360.92K	USD	Annual
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-1.14M	USD	Annual
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-169.13K	USD	Annual
Intangible asset impairment	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$376.48K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-200.34K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-701.48K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-86.98K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$182.08K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-112.91K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$101.47K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-229.53K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-209.52K	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$265.45K	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$59.84K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.76M	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.12M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$157.42K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$523.60K	USD	Annual
Purchase of other intangible assets	`PaymentsToAcquireIntangibleAssets`	$269.73K	USD	Annual
Purchase of other intangible assets	`PaymentsToAcquireIntangibleAssets`	$72.07K	USD	Annual
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.00M	USD	Annual
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-61.99K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.43M	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-533.67K	USD	Annual
Net (payments) borrowings on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-90.26K	USD	Annual
Net (payments) borrowings on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$342.43K	USD	Annual
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.55M	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$359.40K	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$250.00K	USD	Annual
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$88.00K	USD	Annual
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$73.28K	USD	Annual
Issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStockNetOfExpenses`	$-173.06K	USD	Annual
Issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStockNetOfExpenses`	$6.25M	USD	Annual
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-710.72K	USD	Annual
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.82M	USD	Annual
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$-3.37M	USD	Annual
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$3.64M	USD	Annual
Cash beginning of period	`Cash`	$717.68K	USD	Point-in-time
Cash beginning of period	`Cash`	$4.09M	USD	Point-in-time
Cash beginning of period	`Cash`	$448.89K	USD	Point-in-time
Cash end of period	`Cash`	$717.68K	USD	Point-in-time
Cash end of period	`Cash`	$4.09M	USD	Point-in-time
Cash end of period	`Cash`	$448.89K	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$4.59M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.24M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.50M	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$6.01M	USD	Annual
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$66.94K	USD	Annual
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$556.48K	USD	Annual
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$283.56K	USD	Annual
Property dividend	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$228.61K	USD	Annual
Beneficial conversion feature	`AdjustmentsToAdditionalPaidInCapitalWarrantIssuedAndBeneficialConversionFeature`	$88.46K	USD	Annual
Conversion of debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$800.00K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$-25.83K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$-84.85K	USD	Annual
Derivative liabilities	`AdjustmentsToAdditionalPaidInCapitalOther`	$-3.87M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.46M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.22M	USD	Annual
Ending Balance	`StockholdersEquity`	$4.59M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$2.24M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$5.50M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.