10-Q Filing

DSS, INC. CIK: 771999 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-045531`
Period End Date	20120630
Filing Date	20120814
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	dss-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 98 Cash Flow Statement 53

Balance Sheet 69 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`	$66.00K	USD	Point-in-time
Cash	`Cash`	$1.52M	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`	$1.51M	USD	Point-in-time
Cash	`Cash`	$717.68K	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 ($76,000- 2011)	`AccountsReceivableNetCurrent`	$1.65M	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
Inventory	`InventoryNet`	$783.44K	USD	Point-in-time
Inventory	`InventoryNet`	$752.27K	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`	$344.33K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$95.40K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.51M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.26M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.02M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.89M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$244.36K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$234.06K	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`	$2.00M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.04M	USD	Point-in-time
Total assets	`Assets`	$13.70M	USD	Point-in-time
Total assets	`Assets`	$12.82M	USD	Point-in-time
Total assets	`Assets`	$12.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.60M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$971.34K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$1.14M	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$767.89K	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`	$460.60K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$333.08K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$88.17K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$44.08K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.27M	USD	Point-in-time
Long-term debt, net of unamortized discount of $66,000 ($88,000-2011)	`LongTermDebtNoncurrent`	$2.82M	USD	Point-in-time
Long-term debt, net of unamortized discount of $66,000 ($88,000-2011)	`LongTermDebtNoncurrent`	$2.20M	USD	Point-in-time
Interest rate swap hedging liabilities	`OtherLiabilitiesNoncurrent`	$133.18K	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`	$118.20K	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`	$414.22K	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
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$48.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$52.49M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-133.18K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-110.69K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-45.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-43.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.50M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.82M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.70M	USD	Point-in-time

Income Statement 98 line items

Line Item	Tag	Value	Unit	Period
Printing	`SalesRevenueServicesNet`	$1.51M	USD	2 Qtrs
Printing	`SalesRevenueServicesNet`	$789.23K	USD	1 Quarter
Printing	`SalesRevenueServicesNet`	$1.52M	USD	2 Qtrs
Printing	`SalesRevenueServicesNet`	$852.12K	USD	1 Quarter
Packaging	`SalesRevenueGoodsNet`	$1.18M	USD	1 Quarter
Packaging	`SalesRevenueGoodsNet`	$3.67M	USD	2 Qtrs
Packaging	`SalesRevenueGoodsNet`	$1.57M	USD	1 Quarter
Packaging	`SalesRevenueGoodsNet`	$2.22M	USD	2 Qtrs
Plastic IDs and cards	`RevenueOtherManufacturedProducts`	$636.73K	USD	1 Quarter
Plastic IDs and cards	`RevenueOtherManufacturedProducts`	$1.48M	USD	2 Qtrs
Plastic IDs and cards	`RevenueOtherManufacturedProducts`	$1.33M	USD	2 Qtrs
Plastic IDs and cards	`RevenueOtherManufacturedProducts`	$799.19K	USD	1 Quarter
Licensing and digital solutions	`LicenseAndServicesRevenue`	$831.25K	USD	2 Qtrs
Licensing and digital solutions	`LicenseAndServicesRevenue`	$500.42K	USD	2 Qtrs
Licensing and digital solutions	`LicenseAndServicesRevenue`	$266.32K	USD	1 Quarter
Licensing and digital solutions	`LicenseAndServicesRevenue`	$433.63K	USD	1 Quarter
Total revenue	`Revenues`	$3.66M	USD	1 Quarter
Total revenue	`Revenues`	$7.50M	USD	2 Qtrs
Total revenue	`Revenues`	$5.56M	USD	2 Qtrs
Total revenue	`Revenues`	$2.88M	USD	1 Quarter
Printing	`CostOfServices`	$754.03K	USD	1 Quarter
Printing	`CostOfServices`	$1.38M	USD	2 Qtrs
Printing	`CostOfServices`	$1.14M	USD	2 Qtrs
Printing	`CostOfServices`	$632.51K	USD	1 Quarter
Packaging	`CostOfGoodsSold`	$1.64M	USD	2 Qtrs
Packaging	`CostOfGoodsSold`	$2.83M	USD	2 Qtrs
Packaging	`CostOfGoodsSold`	$919.68K	USD	1 Quarter
Packaging	`CostOfGoodsSold`	$1.20M	USD	1 Quarter
Plastic IDs and cards	`CostOfOtherManufacturedProducts`	$374.72K	USD	1 Quarter
Plastic IDs and cards	`CostOfOtherManufacturedProducts`	$777.15K	USD	2 Qtrs
Plastic IDs and cards	`CostOfOtherManufacturedProducts`	$829.71K	USD	2 Qtrs
Plastic IDs and cards	`CostOfOtherManufacturedProducts`	$429.84K	USD	1 Quarter
Licensing and digital solutions	`CostOfServicesLicensesAndServices`	$117.01K	USD	2 Qtrs
Licensing and digital solutions	`CostOfServicesLicensesAndServices`	$19.10K	USD	2 Qtrs
Licensing and digital solutions	`CostOfServicesLicensesAndServices`	$61.82K	USD	1 Quarter
Licensing and digital solutions	`CostOfServicesLicensesAndServices`	$19.10K	USD	1 Quarter
Total costs of revenue	`CostOfRevenue`	$2.32M	USD	1 Quarter
Total costs of revenue	`CostOfRevenue`	$4.92M	USD	2 Qtrs
Total costs of revenue	`CostOfRevenue`	$3.82M	USD	2 Qtrs
Total costs of revenue	`CostOfRevenue`	$2.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.59M	USD	2 Qtrs
Gross profit	`GrossProfit`	$808.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.74M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.33M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.72M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.96M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.24M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.76M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$125.11K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$223.44K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$371.13K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$73.82K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$152.05K	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$134.04K	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$62.08K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$76.03K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$1.86M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$3.50M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$2.26M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$4.28M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-1.75M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-924.49K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.70M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-1.05M	USD	1 Quarter
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	$360.92K	USD	2 Qtrs
Interest expense	`InterestExpense`	$59.23K	USD	1 Quarter
Interest expense	`InterestExpense`	$54.67K	USD	1 Quarter
Interest expense	`InterestExpense`	$125.61K	USD	2 Qtrs
Interest expense	`InterestExpense`	$109.18K	USD	2 Qtrs
Amortizaton of note discount	`AmortizationOfDebtDiscountPremium`	$237.70K	USD	2 Qtrs
Amortizaton of note discount	`AmortizationOfDebtDiscountPremium`	$11.06K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.50M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-990.22K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.06M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.11M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.47K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$9.47K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-994.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.07M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.51M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.11M	USD	1 Quarter
Interest rate swap (loss) gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-22.49K	USD	2 Qtrs
Interest rate swap (loss) gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-45.13K	USD	1 Quarter
Interest rate swap (loss) gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$3.68K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.04M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.11M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.09M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.51M	USD	2 Qtrs
Net loss per share -basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	2 Qtrs
Net loss per share -basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Net loss per share -basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	2 Qtrs
Net loss per share -basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.42M	shares	2 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.71M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.39M	shares	2 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.42M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-994.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.07M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.51M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$198.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$171.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$351.55K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$390.88K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$201.54K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$331.53K	USD	2 Qtrs
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$237.70K	USD	2 Qtrs
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$11.06K	USD	1 Quarter
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	$360.92K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-773.97K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$52.17K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-31.17K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$315.33K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$73.47K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-34.76K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-610.13K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-64.07K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-457.14K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-161.81K	USD	2 Qtrs
Net cash (used) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.89M	USD	2 Qtrs
Net cash (used) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.43M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$105.78K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.51K	USD	2 Qtrs
Purchase of other intangible assets	`PaymentsToAcquireIntangibleAssets`	$106.78K	USD	2 Qtrs
Purchase of other intangible assets	`PaymentsToAcquireIntangibleAssets`	$24.47K	USD	2 Qtrs
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-61.99K	USD	2 Qtrs
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-212.56K	USD	2 Qtrs
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$33.01K	USD	2 Qtrs
Net (payments) borrowings on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$4.16K	USD	2 Qtrs
Net (payments) borrowings on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-349.91K	USD	2 Qtrs
Payment of short-term loan from related party	`RepaymentsOfShortTermDebt`	$150.00K	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$185.84K	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$150.00K	USD	2 Qtrs
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$55.23K	USD	2 Qtrs
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$55.20K	USD	2 Qtrs
Issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStockNetOfExpenses`	$-160.31K	USD	2 Qtrs
Issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStockNetOfExpenses`	$2.83M	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-715.43K	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.44M	USD	2 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$800.24K	USD	2 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-2.57M	USD	2 Qtrs
Cash beginning of period	`Cash`	$1.52M	USD	Point-in-time
Cash beginning of period	`Cash`	$4.09M	USD	Point-in-time
Cash beginning of period	`Cash`	$1.51M	USD	Point-in-time
Cash beginning of period	`Cash`	$717.68K	USD	Point-in-time
Cash end of period	`Cash`	$1.52M	USD	Point-in-time
Cash end of period	`Cash`	$4.09M	USD	Point-in-time
Cash end of period	`Cash`	$1.51M	USD	Point-in-time
Cash end of period	`Cash`	$717.68K	USD	Point-in-time

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