10-K Filing

DSS, INC. CIK: 771999 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001144204-14-017894`
Period End Date	20131231
Filing Date	20140326
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	dss-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 42 Cash Flow Statement 60 Stockholders Equity 19

Balance Sheet 68 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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.02	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.02	USD	Point-in-time
Cash	`Cash`	$2.48M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$717.68K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$1.89M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.41M	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`	$2.15M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.71M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.71M	shares	Point-in-time
Inventory	`InventoryNet`	$834.98K	USD	Point-in-time
Inventory	`InventoryNet`	$817.68K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.41M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$403.11K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$290.40K	USD	Point-in-time
Deferred tax asset, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$223.32K	USD	Point-in-time
Deferred tax asset, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.09M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.16M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.72M	USD	Point-in-time
Investments and other assets	`OtherAssetsNoncurrent`	$232.81K	USD	Point-in-time
Investments and other assets	`OtherAssetsNoncurrent`	$11.45M	USD	Point-in-time
Goodwill	`Goodwill`	$3.32M	USD	Point-in-time
Goodwill	`Goodwill`	$15.05M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.85M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$29.60M	USD	Point-in-time
Total assets	`Assets`	$14.25M	USD	Point-in-time
Total assets	`Assets`	$67.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.42M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$1.46M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$1.22M	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$158.09K	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$238.24K	USD	Point-in-time
Short-term debt, net	`ShortTermBorrowings`	-	USD	Point-in-time
Short-term debt, net	`ShortTermBorrowings`	$824.86K	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$913.45K	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$613.49K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.47M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$3.09M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.48M	USD	Point-in-time
Interest rate swap hedging liabilities	`OtherLiabilitiesNoncurrent`	$27.57K	USD	Point-in-time
Interest rate swap hedging liabilities	`OtherLiabilitiesNoncurrent`	$127.88K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$127.67K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$1.36M	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, 49,411,486 shares issued and outstanding (21,705,969 in 2012)	`CommonStockValue`	$988.23K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 49,411,486 shares issued and outstanding (21,705,969 in 2012)	`CommonStockValue`	$434.12K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$55.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$97.79M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.57K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-127.88K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-44.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-47.46M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$4.50M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	-	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$58.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$14.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$67.34M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Printed products	`SalesRevenueServicesNet`	$15.43M	USD	Annual
Printed products	`SalesRevenueServicesNet`	$15.29M	USD	Annual
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$1.83M	USD	Annual
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$2.03M	USD	Annual
Total revenue	`Revenues`	$17.45M	USD	Annual
Total revenue	`Revenues`	$17.12M	USD	Annual
Costs of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$10.46M	USD	Annual
Costs of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$10.98M	USD	Annual
Selling, general and administrative, (including stock based compensation of $1,894,719 and $846,705, respectively).	`SellingGeneralAndAdministrativeExpense`	$9.07M	USD	Annual
Selling, general and administrative, (including stock based compensation of $1,894,719 and $846,705, respectively).	`SellingGeneralAndAdministrativeExpense`	$11.67M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$845.14K	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.97M	USD	Annual
Impairment of intangible assets Modified	`ImpairmentOfIntangibleAssetsFinitelived`	$516.73K	USD	Annual
Impairment of intangible assets Modified	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Total expenses	`OperatingExpenses`	$25.61M	USD	Annual
Total expenses	`OperatingExpenses`	$20.89M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-3.77M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-8.15M	USD	Annual
Interest expense	`InterestExpense`	$245.97K	USD	Annual
Interest expense	`InterestExpense`	$228.14K	USD	Annual
Gain on sale of fixed assets	`GainLossOnDispositionOfAssets1`	$116.57K	USD	Annual
Gain on sale of fixed assets	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Amortizaton of note discount and loss on debt extinguishment	`AmortizationOfDebtDiscountPremium`	$45.27K	USD	Annual
Amortizaton of note discount and loss on debt extinguishment	`AmortizationOfDebtDiscountPremium`	$259.82K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.26M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.36M	USD	Annual
Income tax (benefit) expense, net	`IncomeTaxExpenseBenefit`	$18.95K	USD	Annual
Income tax (benefit) expense, net	`IncomeTaxExpenseBenefit`	$-10.95M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-4.28M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$2.59M	USD	Annual
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-17.20K	USD	Annual
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$100.32K	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$2.69M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-4.30M	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.21	USD	Annual
Basic	`EarningsPerShareBasic`	$0.08	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.21	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.08	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	31.84M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.83M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.83M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.88M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-4.28M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$2.59M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$2.97M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$845.14K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$1.89M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$846.71K	USD	Annual
Amortizaton of note discount	`AmortizationOfDebtDiscountPremium`	$45.27K	USD	Annual
Amortizaton of note discount	`AmortizationOfDebtDiscountPremium`	$259.82K	USD	Annual
Loss on extinquishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-26.25K	USD	Annual
Loss on extinquishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on sale of fixed assets	`GainLossOnDispositionOfAssets1`	$116.57K	USD	Annual
Gain on sale of fixed assets	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$516.73K	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	Annual
Change in deferred tax provision	`DeferredIncomeTaxExpenseBenefit`	$18.95K	USD	Annual
Change in deferred tax provision	`DeferredIncomeTaxExpenseBenefit`	$-10.95M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$26.10K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$527.27K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$34.24K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$17.29K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$184.96K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$117.95K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$159.95K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-249.50K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-58.25K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$75.91K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.15M	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.16M	USD	Annual
Purchase of equipment and building improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$378.59K	USD	Annual
Purchase of equipment and building improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$245.11K	USD	Annual
Sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$753.00K	USD	Annual
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-6.57M	USD	Annual
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Investment in VirtualAgility	`PaymentsToAcquireInvestments`	$250.00K	USD	Annual
Investment in VirtualAgility	`PaymentsToAcquireInvestments`	-	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$113.57K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.59M	USD	Annual
Net cash provided by (used by) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-358.68K	USD	Annual
Net cash provided by (used by) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$4.10M	USD	Annual
Net payments on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-525.50K	USD	Annual
Net payments on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-80.15K	USD	Annual
Payment of short-term loan from related party	`RepaymentsOfShortTermDebt`	-	USD	Annual
Payment of short-term loan from related party	`RepaymentsOfShortTermDebt`	$150.00K	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$352.35K	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$353.19K	USD	Annual
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$94.59K	USD	Annual
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	Annual
Issuance of common stock, net of issuance costs	`PaymentsOfStockIssuanceCosts`	$-73.42K	USD	Annual
Issuance of common stock, net of issuance costs	`PaymentsOfStockIssuanceCosts`	$-5.81M	USD	Annual
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$4.69M	USD	Annual
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-359.92K	USD	Annual
Net increase in cash	`CashPeriodIncreaseDecrease`	$1.17M	USD	Annual
Net increase in cash	`CashPeriodIncreaseDecrease`	$589.87K	USD	Annual
Cash beginning of year	`Cash`	$2.48M	USD	Point-in-time
Cash beginning of year	`Cash`	$717.68K	USD	Point-in-time
Cash beginning of year	`Cash`	$1.89M	USD	Point-in-time
Cash end of year	`Cash`	$2.48M	USD	Point-in-time
Cash end of year	`Cash`	$717.68K	USD	Point-in-time
Cash end of year	`Cash`	$1.89M	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$5.50M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$8.72M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$58.39M	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$148.64K	USD	Annual
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$5.81M	USD	Annual
Issuance of common stock for acquisition of Lexington Technology Group, net	`StockIssuedDuringPeriodValueAcquisitions`	$44.82M	USD	Annual
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.81M	USD	Annual
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$912.22K	USD	Annual
Beneficial conversion features of convertible debt	`DebtInstrumentConvertibleBeneficialConversionFeature`	$215.58K	USD	Annual
Beneficial conversion features of convertible debt	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	Annual
Conversion of debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$579.84K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossBeforeTax`	$-17.20K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossBeforeTax`	$100.32K	USD	Annual
Sale of shares in Virtual Agility Technology Investment, LLC	`GainOrLossOnSaleOfStockInSubsidiary`	$200.00K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-4.28M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$2.59M	USD	Annual
Ending Balance	`StockholdersEquity`	$5.50M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$8.72M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$58.39M	USD	Point-in-time

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