10-K Filing

DSS, INC. CIK: 771999 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001144204-13-013265`
Period End Date	20121231
Filing Date	20130306
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	dss-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 52 Cash Flow Statement 52 Stockholders Equity 19

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$76.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$60.00K	USD	Point-in-time
Long-term debt, unamortized discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	$88.00K	USD	Point-in-time
Long-term debt, unamortized discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	$44.00K	USD	Point-in-time
Cash	`Cash`	$4.09M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.02	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.02	USD	Point-in-time
Cash	`Cash`	$1.89M	USD	Point-in-time
Cash	`Cash`	$717.68K	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 $60,000 ($76,000- 2011)	`AccountsReceivableNetCurrent`	$1.60M	USD	Point-in-time
Accounts receivable, net of allowance of $60,000 ($76,000- 2011)	`AccountsReceivableNetCurrent`	$2.12M	USD	Point-in-time
Inventory	`InventoryNet`	$817.68K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.51M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.71M	shares	Point-in-time
Inventory	`InventoryNet`	$783.44K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.71M	shares	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$290.40K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.19M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.72M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.02M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$232.81K	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`	$2.04M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.85M	USD	Point-in-time
Total assets	`Assets`	$14.25M	USD	Point-in-time
Total assets	`Assets`	$12.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.42M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$1.14M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$1.22M	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$763.74K	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$238.24K	USD	Point-in-time
Short-term loan from related party	`DueToRelatedPartiesCurrent`	$150.00K	USD	Point-in-time
Short-term loan from related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$460.60K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$908.74K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$88.17K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$4.71K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.79M	USD	Point-in-time
Long-term debt, net of unamortized discount of $44,000 ($88,000-2011)	`LongTermDebtNoncurrent`	$2.82M	USD	Point-in-time
Long-term debt, net of unamortized discount of $44,000 ($88,000-2011)	`LongTermDebtNoncurrent`	$1.48M	USD	Point-in-time
Interest rate swap hedging liabilities	`OtherLiabilitiesNoncurrent`	$110.69K	USD	Point-in-time
Interest rate swap hedging liabilities	`OtherLiabilitiesNoncurrent`	$127.88K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	-	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`	$127.67K	USD	Point-in-time
Commitments and contingencies (see Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 21,705,969 shares issued and outstanding (19,513,132 in 2011)	`CommonStockValue`	$434.12K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 21,705,969 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`	$55.87M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-127.88K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-110.69K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-43.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-47.46M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.59M	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`	$14.25M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Printing	`SalesRevenueServicesNet`	$2.89M	USD	Annual
Printing	`SalesRevenueServicesNet`	$3.23M	USD	Annual
Packaging	`SalesRevenueGoodsNet`	$9.43M	USD	Annual
Packaging	`SalesRevenueGoodsNet`	$5.94M	USD	Annual
Plastic IDs and cards	`RevenueOtherManufacturedProducts`	$2.97M	USD	Annual
Plastic IDs and cards	`RevenueOtherManufacturedProducts`	$2.77M	USD	Annual
Licensing and digital solutions	`LicenseAndServicesRevenue`	$1.45M	USD	Annual
Licensing and digital solutions	`LicenseAndServicesRevenue`	$1.83M	USD	Annual
Total revenue	`Revenues`	$17.12M	USD	Annual
Total revenue	`Revenues`	$13.38M	USD	Annual
Printing	`CostOfServices`	$2.93M	USD	Annual
Printing	`CostOfServices`	$2.01M	USD	Annual
Packaging	`CostOfGoodsSold`	$7.27M	USD	Annual
Packaging	`CostOfGoodsSold`	$4.43M	USD	Annual
Plastic IDs and cards	`CostOfOtherManufacturedProducts`	$1.70M	USD	Annual
Plastic IDs and cards	`CostOfOtherManufacturedProducts`	$1.75M	USD	Annual
Licensing and digital solutions	`CostOfServicesLicensesAndServices`	$154.02K	USD	Annual
Licensing and digital solutions	`CostOfServicesLicensesAndServices`	$357.60K	USD	Annual
Total costs of revenue	`CostOfRevenue`	$11.39M	USD	Annual
Total costs of revenue	`CostOfRevenue`	$9.21M	USD	Annual
Gross profit	`GrossProfit`	$5.73M	USD	Annual
Gross profit	`GrossProfit`	$4.17M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.71M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.08M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$285.45K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$491.40K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$304.10K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$284.72K	USD	Annual
Operating expenses	`OperatingExpenses`	$7.65M	USD	Annual
Operating expenses	`OperatingExpenses`	$9.50M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-3.47M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-3.77M	USD	Annual
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	-	USD	Annual
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	$360.92K	USD	Annual
Interest expense	`InterestExpense`	$259.14K	USD	Annual
Interest expense	`InterestExpense`	$228.14K	USD	Annual
Amortizaton of note discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Amortizaton of note discount	`AmortizationOfDebtDiscountPremium`	$259.82K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.37M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.26M	USD	Annual
Income tax (benefit) expense, net	`IncomeTaxExpenseBenefit`	$-150.18K	USD	Annual
Income tax (benefit) expense, net	`IncomeTaxExpenseBenefit`	$18.95K	USD	Annual
Net loss	`NetIncomeLoss`	$-3.22M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.28M	USD	Annual
Interest rate swap loss	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-84.85K	USD	Annual
Interest rate swap loss	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-17.20K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.31M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.30M	USD	Annual
Net loss per share -basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.17	USD	Annual
Net loss per share -basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.45M	shares	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.83M	shares	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.22M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.28M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$845.14K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$766.98K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$846.71K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$398.09K	USD	Annual
Amortizaton of note discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Amortizaton of note discount	`AmortizationOfDebtDiscountPremium`	$259.82K	USD	Annual
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	-	USD	Annual
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	$360.92K	USD	Annual
Change in deferred tax provision	`DeferredIncomeTaxExpenseBenefit`	$-150.18K	USD	Annual
Change in deferred tax provision	`DeferredIncomeTaxExpenseBenefit`	$18.95K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$527.27K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-701.48K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$182.08K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$34.24K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$117.95K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-112.91K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-229.53K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-249.50K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$59.84K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$75.91K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.12M	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.16M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$523.60K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$245.11K	USD	Annual
Purchase of other intangible assets	`PaymentsToAcquireIntangibleAssets`	$113.57K	USD	Annual
Purchase of other intangible assets	`PaymentsToAcquireIntangibleAssets`	$72.07K	USD	Annual
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-61.99K	USD	Annual
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-533.67K	USD	Annual
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-358.68K	USD	Annual
Net payments on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-90.26K	USD	Annual
Net payments on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-525.50K	USD	Annual
Payment of short-term loan from related party	`RepaymentsOfShortTermDebt`	$150.00K	USD	Annual
Payment of short-term loan from related party	`RepaymentsOfShortTermDebt`	-	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$359.40K	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$352.35K	USD	Annual
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$94.59K	USD	Annual
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$88.00K	USD	Annual
Issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStockNetOfExpenses`	$-173.06K	USD	Annual
Issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStockNetOfExpenses`	$5.81M	USD	Annual
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.69M	USD	Annual
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-710.72K	USD	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$1.17M	USD	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-3.37M	USD	Annual
Cash beginning of period	`Cash`	$4.09M	USD	Point-in-time
Cash beginning of period	`Cash`	$1.89M	USD	Point-in-time
Cash beginning 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`	$1.89M	USD	Point-in-time
Cash end of period	`Cash`	$717.68K	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$8.72M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$4.59M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.50M	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$66.94K	USD	Annual
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$5.81M	USD	Annual
Issuance of common stock for acquisition of ExtraDev, Inc.	`StockIssuedDuringPeriodValueAcquisitions`	$274.23K	USD	Annual
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$283.56K	USD	Annual
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$912.22K	USD	Annual
Beneficial conversion feature	`AdjustmentsToAdditionalPaidInCapitalWarrantIssuedAndBeneficialConversionFeature`	$88.46K	USD	Annual
Beneficial conversion feature	`AdjustmentsToAdditionalPaidInCapitalWarrantIssuedAndBeneficialConversionFeature`	$215.58K	USD	Annual
Conversion of debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$579.84K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossBeforeTax`	$-17.20K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossBeforeTax`	$-84.85K	USD	Annual
Elimination of derivative liabilities	`AdjustmentsToAdditionalPaidInCapitalOther`	$3.51M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.22M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.28M	USD	Annual
Ending Balance	`StockholdersEquity`	$8.72M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$4.59M	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.