10-Q Filing

DSS, INC. CIK: 771999 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-029916`
Period End Date	20140331
Filing Date	20140513
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	dss-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 40 Cash Flow Statement 52 Comprehensive Income 2

Balance Sheet 70 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
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$1.20M	USD	Point-in-time
Cash	`Cash`	$2.94M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$1.89M	USD	Point-in-time
Cash	`Cash`	$1.98M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.41M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.50M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$500.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$500.00K	USD	Point-in-time
Accounts receivable, net of allowance of $60,000 ($60,000- 2013)	`AccountsReceivableNetCurrent`	$1.15M	USD	Point-in-time
Accounts receivable, net of allowance of $60,000 ($60,000- 2013)	`AccountsReceivableNetCurrent`	$2.15M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.41M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.50M	shares	Point-in-time
Inventory	`InventoryNet`	$1.22M	USD	Point-in-time
Inventory	`InventoryNet`	$834.98K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$546.47K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$403.11K	USD	Point-in-time
Deferred tax asset, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$223.32K	USD	Point-in-time
Deferred tax asset, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$223.32K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.09M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.33M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.16M	USD	Point-in-time
Investments and other assets	`OtherAssetsNoncurrent`	$11.45M	USD	Point-in-time
Investments and other assets	`OtherAssetsNoncurrent`	$12.28M	USD	Point-in-time
Goodwill	`Goodwill`	$15.05M	USD	Point-in-time
Goodwill	`Goodwill`	$15.05M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$28.49M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$29.60M	USD	Point-in-time
Total assets	`Assets`	$67.34M	USD	Point-in-time
Total assets	`Assets`	$67.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.34M	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`	$1.36M	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$158.09K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	-	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$824.86K	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$613.49K	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$596.70K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.29M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$3.09M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$6.68M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$346.51K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$27.57K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$1.37M	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$1.36M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 49,503,954 shares issued and outstanding (49,411,486 on December 31, 2013)	`CommonStockValue`	$988.23K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 49,503,954 shares issued and outstanding (49,411,486 on December 31, 2013)	`CommonStockValue`	$990.08K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$99.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$97.79M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.57K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-37.51K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-44.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-47.92M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$4.50M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$3.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$56.05M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$58.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$67.74M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$67.34M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Printed products	`SalesRevenueServicesNet`	$3.16M	USD	1 Quarter
Printed products	`SalesRevenueServicesNet`	$3.28M	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$464.23K	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$491.11K	USD	1 Quarter
Total revenue	`Revenues`	$3.77M	USD	1 Quarter
Total revenue	`Revenues`	$3.63M	USD	1 Quarter
Cost of goods sold, exclusive of depreciation and amortization	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$2.21M	USD	1 Quarter
Cost of goods sold, exclusive of depreciation and amortization	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$2.20M	USD	1 Quarter
Selling, general and administrative, (including stock based compensation of $547,142 and $340,601, respectively).	`SellingGeneralAndAdministrativeExpense`	$2.41M	USD	1 Quarter
Selling, general and administrative, (including stock based compensation of $547,142 and $340,601, respectively).	`SellingGeneralAndAdministrativeExpense`	$3.06M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$1.31M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$225.12K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$6.57M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$4.84M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.07M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.94M	USD	1 Quarter
Interest expense	`InterestExpense`	$43.97K	USD	1 Quarter
Interest expense	`InterestExpense`	$74.95K	USD	1 Quarter
Amortization of note discount	`AmortizationOfFinancingCostsAndDiscounts`	$11.06K	USD	1 Quarter
Amortization of note discount	`AmortizationOfFinancingCostsAndDiscounts`	$17.37K	USD	1 Quarter
Foreign currency translation loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Foreign currency translation loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-16.42K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.05M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.13M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Interest rate swap (loss) gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$19.17K	USD	1 Quarter
Interest rate swap (loss) gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-9.94K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.07M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.11M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.05	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.05	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.92M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.71M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.71M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.92M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-3.06M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.31M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$225.12K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$547.14K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$340.60K	USD	1 Quarter
Amortizaton of note discount	`AmortizationOfDebtDiscountPremium`	$11.06K	USD	1 Quarter
Amortizaton of note discount	`AmortizationOfDebtDiscountPremium`	$17.37K	USD	1 Quarter
Change in deferred tax provision	`DeferredIncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Change in deferred tax provision	`DeferredIncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Foreign currency translation loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Foreign currency translation loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-16.42K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-315.07K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-997.62K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$386.37K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$51.89K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$183.46K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$131.88K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-86.46K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$26.18K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$45.26K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$326.70K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-488.09K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-347.33K	USD	1 Quarter
Purchase of equipment and building improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$134.37K	USD	1 Quarter
Purchase of equipment and building improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.53K	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	$750.00K	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$39.13K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.53K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-923.50K	USD	1 Quarter
Net payments on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-238.24K	USD	1 Quarter
Net payments on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-158.09K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$156.49K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$83.39K	USD	1 Quarter
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.69M	USD	1 Quarter
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$4.71K	USD	1 Quarter
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-326.34K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.38M	USD	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$964.84K	USD	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-691.20K	USD	1 Quarter
Cash beginning of period	`Cash`	$1.20M	USD	Point-in-time
Cash beginning of period	`Cash`	$2.94M	USD	Point-in-time
Cash beginning of period	`Cash`	$1.89M	USD	Point-in-time
Cash beginning of period	`Cash`	$1.98M	USD	Point-in-time
Cash end of period	`Cash`	$1.20M	USD	Point-in-time
Cash end of period	`Cash`	$2.94M	USD	Point-in-time
Cash end of period	`Cash`	$1.89M	USD	Point-in-time
Cash end of period	`Cash`	$1.98M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Stock based compensation	`ShareBasedCompensation`	$547.14K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$340.60K	USD	1 Quarter

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