10-Q Filing

DSS, INC. CIK: 771999 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-029473`
Period End Date	20120331
Filing Date	20120515
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	dss-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 49 Cash Flow Statement 46

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$76.00K	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`	$77.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.02	USD	Point-in-time
Cash	`Cash`	$2.72M	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`	$2.77M	USD	Point-in-time
Accounts receivable, net of allowance of $76,000 ($76,000- 2011)	`AccountsReceivableNetCurrent`	$1.60M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Accounts receivable, net of allowance of $76,000 ($76,000- 2011)	`AccountsReceivableNetCurrent`	$1.50M	USD	Point-in-time
Inventory	`InventoryNet`	$783.44K	USD	Point-in-time
Inventory	`InventoryNet`	$718.68K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.71M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.51M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.71M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$95.40K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$345.48K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.51M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.19M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.02M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.95M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$239.51K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$244.36K	USD	Point-in-time
Goodwill	`Goodwill`	$3.32M	USD	Point-in-time
Goodwill	`Goodwill`	$3.32M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.97M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.04M	USD	Point-in-time
Total assets	`Assets`	$12.82M	USD	Point-in-time
Total assets	`Assets`	$14.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.67M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$1.28M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$1.14M	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$793.18K	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$763.74K	USD	Point-in-time
Short-term loan from related party	`DueToRelatedPartiesCurrent`	$150.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$333.08K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$460.60K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$81.12K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$88.17K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.93M	USD	Point-in-time
Long-term debt, net of unamortized discount of $77,000 ($88,000-2011)	`LongTermDebtNoncurrent`	$2.82M	USD	Point-in-time
Long-term debt, net of unamortized discount of $77,000 ($88,000-2011)	`LongTermDebtNoncurrent`	$2.28M	USD	Point-in-time
Interest rate swap hedging liabilities	`OtherLiabilitiesNoncurrent`	$88.05K	USD	Point-in-time
Interest rate swap hedging liabilities	`OtherLiabilitiesNoncurrent`	$110.69K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$11.13K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$113.46K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$108.73K	USD	Point-in-time
Commitments and contingencies (see Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 20,711,026 shares issued and outstanding (19,513,132 in 2011)	`CommonStockValue`	$390.26K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 20,711,026 shares issued and outstanding (19,513,132 in 2011)	`CommonStockValue`	$414.22K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$52.33M	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`	$-88.05K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-43.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-44.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.41M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$14.81M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.82M	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Printing	`SalesRevenueServicesNet`	$721.76K	USD	1 Quarter
Printing	`SalesRevenueServicesNet`	$669.63K	USD	1 Quarter
Packaging	`SalesRevenueGoodsNet`	$2.10M	USD	1 Quarter
Packaging	`SalesRevenueGoodsNet`	$1.04M	USD	1 Quarter
Plastic IDs and cards	`RevenueOtherManufacturedProducts`	$680.18K	USD	1 Quarter
Plastic IDs and cards	`RevenueOtherManufacturedProducts`	$692.98K	USD	1 Quarter
Licensing and digital solutions	`LicenseAndServicesRevenue`	$397.62K	USD	1 Quarter
Licensing and digital solutions	`LicenseAndServicesRevenue`	$234.10K	USD	1 Quarter
Total revenue	`Revenues`	$3.84M	USD	1 Quarter
Total revenue	`Revenues`	$2.69M	USD	1 Quarter
Printing	`CostOfServices`	$506.71K	USD	1 Quarter
Printing	`CostOfServices`	$630.06K	USD	1 Quarter
Packaging	`CostOfGoodsSold`	$718.29K	USD	1 Quarter
Packaging	`CostOfGoodsSold`	$1.63M	USD	1 Quarter
Plastic IDs and cards	`CostOfOtherManufacturedProducts`	$402.43K	USD	1 Quarter
Plastic IDs and cards	`CostOfOtherManufacturedProducts`	$399.87K	USD	1 Quarter
Licensing and digital solutions	`CostOfServicesLicensesAndServices`	$55.19K	USD	1 Quarter
Total costs of revenue	`CostOfRevenue`	$1.75M	USD	1 Quarter
Total costs of revenue	`CostOfRevenue`	$2.59M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.25M	USD	1 Quarter
Gross profit	`GrossProfit`	$934.46K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.52M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$147.70K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$51.29K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$71.96K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$76.03K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$1.64M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$2.02M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-704.05K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-771.46K	USD	1 Quarter
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	$360.92K	USD	1 Quarter
Interest expense	`InterestExpense`	$70.93K	USD	1 Quarter
Interest expense	`InterestExpense`	$49.95K	USD	1 Quarter
Amortizaton of note discount	`AmortizationOfDebtDiscountPremium`	$226.64K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.07M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-393.08K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-397.82K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Interest rate swap gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$3.68K	USD	1 Quarter
Interest rate swap gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$22.64K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-394.14K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.05M	USD	1 Quarter
Net loss per share -basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per share -basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberBasicDilutedSharesOutstanding`	20.07M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberBasicDilutedSharesOutstanding`	19.41M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-397.82K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$180.88K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$192.94K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$98.48K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$100.88K	USD	1 Quarter
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$226.64K	USD	1 Quarter
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	$360.92K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-99.67K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-693.93K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$512.74K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-64.77K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$18.13K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$87.98K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-502.89K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-225.95K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-10.13K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$140.24K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-495.11K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-896.79K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.51K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$49.48K	USD	1 Quarter
Purchase of other intangible assets	`PaymentsToAcquireIntangibleAssets`	$9.07K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-49.48K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.58K	USD	1 Quarter
Net borrowings (payments) on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-246.99K	USD	1 Quarter
Net borrowings (payments) on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$29.45K	USD	1 Quarter
Payment of short-term loan from related party	`RepaymentsOfRelatedPartyDebt`	$150.00K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$75.00K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$102.63K	USD	1 Quarter
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$27.98K	USD	1 Quarter
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$18.19K	USD	1 Quarter
Issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStockNetOfExpenses`	$-105.31K	USD	1 Quarter
Issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStockNetOfExpenses`	$2.84M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-455.28K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.60M	USD	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$2.05M	USD	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-1.37M	USD	1 Quarter
Cash beginning of period	`Cash`	$2.72M	USD	Point-in-time
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`	$2.77M	USD	Point-in-time
Cash end of period	`Cash`	$2.72M	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`	$2.77M	USD	Point-in-time

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