10-Q Filing

DSS, INC. CIK: 771999 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-029276`
Period End Date	20130331
Filing Date	20130515
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	dss-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 50 Cash Flow Statement 48

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$60.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$60.00K	USD	Point-in-time
Long-term debt, unamortized discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	$44.00K	USD	Point-in-time
Long-term debt, unamortized discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	$33.00K	USD	Point-in-time
Cash	`Cash`	$717.68K	USD	Point-in-time
Cash	`Cash`	$1.89M	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`	$2.77M	USD	Point-in-time
Cash	`Cash`	$1.20M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Accounts receivable, net of allowance of $60,000 ($60,000 - 2012)	`AccountsReceivableNetCurrent`	$2.12M	USD	Point-in-time
Accounts receivable, net of allowance of $60,000 ($60,000 - 2012)	`AccountsReceivableNetCurrent`	$1.81M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.71M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.71M	shares	Point-in-time
Inventory	`InventoryNet`	$869.57K	USD	Point-in-time
Inventory	`InventoryNet`	$817.68K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$290.40K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.71M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$383.21K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.71M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.26M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.72M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.60M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$232.81K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$232.81K	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`	$1.85M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.77M	USD	Point-in-time
Total assets	`Assets`	$13.18M	USD	Point-in-time
Total assets	`Assets`	$14.25M	USD	Point-in-time
Total assets	`Assets`	$14.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.44M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$1.22M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$1.26M	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$238.24K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$908.74K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$908.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.62M	USD	Point-in-time
Long-term debt, net of unamortized discount of $33,000 ($44,000-2012)	`LongTermDebtNoncurrent`	$1.48M	USD	Point-in-time
Long-term debt, net of unamortized discount of $33,000 ($44,000-2012)	`LongTermDebtNoncurrent`	$1.41M	USD	Point-in-time
Interest rate swap hedging liabilities	`OtherLiabilitiesNoncurrent`	$127.88K	USD	Point-in-time
Interest rate swap hedging liabilities	`OtherLiabilitiesNoncurrent`	$108.71K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$132.41K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$127.67K	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, 21,709,488 shares issued and outstanding (21,705,969 in 2012)	`CommonStockValue`	$434.12K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 21,709,488 shares issued and outstanding (21,705,969 in 2012)	`CommonStockValue`	$434.19K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$56.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$55.87M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-108.71K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-127.88K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-47.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-48.59M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.91M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$14.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.18M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Printing	`SalesRevenueServicesNet`	$898.82K	USD	1 Quarter
Printing	`SalesRevenueServicesNet`	$669.63K	USD	1 Quarter
Packaging	`SalesRevenueGoodsNet`	$1.55M	USD	1 Quarter
Packaging	`SalesRevenueGoodsNet`	$2.10M	USD	1 Quarter
Plastic IDs and cards	`RevenueOtherManufacturedProducts`	$828.41K	USD	1 Quarter
Plastic IDs and cards	`RevenueOtherManufacturedProducts`	$680.18K	USD	1 Quarter
Licensing and digital solutions	`LicenseAndServicesRevenue`	$491.11K	USD	1 Quarter
Licensing and digital solutions	`LicenseAndServicesRevenue`	$397.62K	USD	1 Quarter
Total revenue	`Revenues`	$3.84M	USD	1 Quarter
Total revenue	`Revenues`	$3.77M	USD	1 Quarter
Printing	`CostOfServices`	$533.59K	USD	1 Quarter
Printing	`CostOfServices`	$506.71K	USD	1 Quarter
Packaging	`CostOfGoodsSold`	$1.19M	USD	1 Quarter
Packaging	`CostOfGoodsSold`	$1.63M	USD	1 Quarter
Plastic IDs and cards	`CostOfOtherManufacturedProducts`	$509.25K	USD	1 Quarter
Plastic IDs and cards	`CostOfOtherManufacturedProducts`	$399.87K	USD	1 Quarter
Licensing and digital solutions	`CostOfServicesLicensesAndServices`	$55.19K	USD	1 Quarter
Licensing and digital solutions	`CostOfServicesLicensesAndServices`	$82.09K	USD	1 Quarter
Total costs of revenue	`CostOfRevenue`	$2.59M	USD	1 Quarter
Total costs of revenue	`CostOfRevenue`	$2.31M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.25M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.80M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.38M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$59.06K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$147.70K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$76.03K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$84.13K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$2.53M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$2.02M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.07M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-771.46K	USD	1 Quarter
Interest expense	`InterestExpense`	$43.97K	USD	1 Quarter
Interest expense	`InterestExpense`	$70.93K	USD	1 Quarter
Amortizaton of note discount	`AmortizationOfDebtDiscountPremium`	$11.06K	USD	1 Quarter
Amortizaton of note discount	`AmortizationOfDebtDiscountPremium`	$226.64K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.13M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.07M	USD	1 Quarter
Income tax expense, net	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Income tax expense, net	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Interest rate swap gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$22.64K	USD	1 Quarter
Interest rate swap gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$19.17K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.05M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.11M	USD	1 Quarter
Net loss per share -basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Net loss per share -basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.07M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.71M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$192.94K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$225.12K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$98.48K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$340.60K	USD	1 Quarter
Amortizaton of note discount	`AmortizationOfDebtDiscountPremium`	$11.06K	USD	1 Quarter
Amortizaton of note discount	`AmortizationOfDebtDiscountPremium`	$226.64K	USD	1 Quarter
Change in deferred tax provision	`DeferredIncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Change in deferred tax provision	`DeferredIncomeTaxExpenseBenefit`	$4.73K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-315.07K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-99.67K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$51.89K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-64.77K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$131.88K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$18.13K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$26.18K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-225.95K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$135.51K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$45.26K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-495.11K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-347.33K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$49.48K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.53K	USD	1 Quarter
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.53K	USD	1 Quarter
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-49.48K	USD	1 Quarter
Net (payments) borrowings on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$29.45K	USD	1 Quarter
Net (payments) borrowings on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-238.24K	USD	1 Quarter
Payment of short-term loan from related party	`RepaymentsOfShortTermDebt`	-	USD	1 Quarter
Payment of short-term loan from related party	`RepaymentsOfShortTermDebt`	$150.00K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$102.63K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$83.39K	USD	1 Quarter
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$18.19K	USD	1 Quarter
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$4.71K	USD	1 Quarter
Issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStockNetOfExpenses`	$2.84M	USD	1 Quarter
Issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStockNetOfExpenses`	-	USD	1 Quarter
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-326.34K	USD	1 Quarter
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.60M	USD	1 Quarter
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$-691.20K	USD	1 Quarter
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$2.05M	USD	1 Quarter
Cash beginning of period	`Cash`	$717.68K	USD	Point-in-time
Cash beginning of period	`Cash`	$1.89M	USD	Point-in-time
Cash beginning of period	`Cash`	$2.77M	USD	Point-in-time
Cash beginning of period	`Cash`	$1.20M	USD	Point-in-time
Cash end of period	`Cash`	$717.68K	USD	Point-in-time
Cash end of period	`Cash`	$1.89M	USD	Point-in-time
Cash end of period	`Cash`	$2.77M	USD	Point-in-time
Cash end of period	`Cash`	$1.20M	USD	Point-in-time

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