10-Q Filing

DSS, INC. CIK: 771999 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-048889`
Period End Date	20140630
Filing Date	20140812
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	dss-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 72 Cash Flow Statement 59

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$68.00K	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`	$559.29K	USD	Point-in-time
Cash	`Cash`	$1.89M	USD	Point-in-time
Cash	`Cash`	$1.30M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$1.98M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.41M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$500.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.28M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$245.48K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.41M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.28M	shares	Point-in-time
Accounts receivable, net of allowance of $68,000 ($60,000- 2013)	`AccountsReceivableNetCurrent`	$2.15M	USD	Point-in-time
Accounts receivable, net of allowance of $68,000 ($60,000- 2013)	`AccountsReceivableNetCurrent`	$1.79M	USD	Point-in-time
Inventory	`InventoryNet`	$834.98K	USD	Point-in-time
Inventory	`InventoryNet`	$919.66K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$403.11K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$537.21K	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`	$6.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.02M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.16M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.23M	USD	Point-in-time
Investments and other assets	`OtherAssetsNoncurrent`	$12.53M	USD	Point-in-time
Investments and other assets	`OtherAssetsNoncurrent`	$11.45M	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`	$13.32M	USD	Point-in-time
Total assets	`Assets`	$67.34M	USD	Point-in-time
Total assets	`Assets`	$66.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.45M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$1.42M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$1.46M	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$158.09K	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$850.00K	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`	$521.70K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.47M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$5.77M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$3.09M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$27.57K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$361.78K	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 (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 46,275,297 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, 46,275,297 shares issued and outstanding (49,411,486 on December 31, 2013)	`CommonStockValue`	$925.51K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$97.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$99.25M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-52.78K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.57K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-50.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-44.86M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$4.50M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$4.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$58.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$54.56M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$67.34M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$66.31M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Printed products	`SalesRevenueServicesNet`	$7.57M	USD	2 Qtrs
Printed products	`SalesRevenueServicesNet`	$4.41M	USD	1 Quarter
Printed products	`SalesRevenueServicesNet`	$7.10M	USD	2 Qtrs
Printed products	`SalesRevenueServicesNet`	$3.82M	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$457.56K	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$476.13K	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$940.36K	USD	2 Qtrs
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$948.67K	USD	2 Qtrs
Total revenue	`Revenues`	$4.28M	USD	1 Quarter
Total revenue	`Revenues`	$8.05M	USD	2 Qtrs
Total revenue	`Revenues`	$4.88M	USD	1 Quarter
Total revenue	`Revenues`	$8.51M	USD	2 Qtrs
Cost of goods sold, exclusive of depreciation and amortization	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$3.20M	USD	1 Quarter
Cost of goods sold, exclusive of depreciation and amortization	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$2.54M	USD	1 Quarter
Cost of goods sold, exclusive of depreciation and amortization	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$5.39M	USD	2 Qtrs
Cost of goods sold, exclusive of depreciation and amortization	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$4.75M	USD	2 Qtrs
Selling, general and administrative, (including stock based compensation).	`SellingGeneralAndAdministrativeExpense`	$3.34M	USD	1 Quarter
Selling, general and administrative, (including stock based compensation).	`SellingGeneralAndAdministrativeExpense`	$5.67M	USD	2 Qtrs
Selling, general and administrative, (including stock based compensation).	`SellingGeneralAndAdministrativeExpense`	$2.61M	USD	1 Quarter
Selling, general and administrative, (including stock based compensation).	`SellingGeneralAndAdministrativeExpense`	$5.75M	USD	2 Qtrs
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$229.01K	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$1.29M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$2.60M	USD	2 Qtrs
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$454.13K	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$13.67M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$6.11M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$10.95M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$7.10M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.83M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.90M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-5.16M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-2.22M	USD	1 Quarter
Interest expense	`InterestExpense`	$163.85K	USD	2 Qtrs
Interest expense	`InterestExpense`	$49.55K	USD	1 Quarter
Interest expense	`InterestExpense`	$88.91K	USD	1 Quarter
Interest expense	`InterestExpense`	$93.52K	USD	2 Qtrs
Amortization of note discount and loss on debt extinguishment	`AmortizationOfFinancingCostsAndDiscounts`	$51.91K	USD	2 Qtrs
Amortization of note discount and loss on debt extinguishment	`AmortizationOfFinancingCostsAndDiscounts`	$42.76K	USD	1 Quarter
Amortization of note discount and loss on debt extinguishment	`AmortizationOfFinancingCostsAndDiscounts`	$34.55K	USD	1 Quarter
Amortization of note discount and loss on debt extinguishment	`AmortizationOfFinancingCostsAndDiscounts`	$53.82K	USD	2 Qtrs
Foreign currency translation loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	2 Qtrs
Foreign currency translation loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Foreign currency translation loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Foreign currency translation loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-16.42K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.05M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.92M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.39M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.34M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	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
Net loss	`NetIncomeLoss`	$-3.06M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.34M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.40M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.93M	USD	1 Quarter
Interest rate swap (loss) gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-15.27K	USD	1 Quarter
Interest rate swap (loss) gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$56.94K	USD	1 Quarter
Interest rate swap (loss) gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-25.22K	USD	2 Qtrs
Interest rate swap (loss) gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$76.11K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.98M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.87M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.36M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.42M	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	41.98M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.04M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.71M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.71M	shares	2 Qtrs

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.06M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.34M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.40M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.93M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.60M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$454.13K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$229.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.29M	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$1.29M	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$840.88K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$293.00K	USD	1 Quarter
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$51.91K	USD	2 Qtrs
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$27.57K	USD	2 Qtrs
Loss on extinguishment of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$-26.25K	USD	2 Qtrs
Change in deferred tax provision	`DeferredIncomeTaxExpenseBenefit`	$9.47K	USD	2 Qtrs
Change in deferred tax provision	`DeferredIncomeTaxExpenseBenefit`	$9.47K	USD	2 Qtrs
Foreign currency translation loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	2 Qtrs
Foreign currency translation loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Foreign currency translation loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Foreign currency translation loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-16.42K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-359.14K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.34K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-2.47K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$84.68K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$174.62K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$69.86K	USD	2 Qtrs
Release of restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-254.52K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$33.08K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$124.86K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$387.19K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$250.21K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-937.94K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.10M	USD	2 Qtrs
Purchase of equipment and building improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$82.31K	USD	2 Qtrs
Purchase of equipment and building improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$157.79K	USD	2 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	$750.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.20M	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$52.51K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-134.82K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.10M	USD	2 Qtrs
Net payments on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-158.09K	USD	2 Qtrs
Net payments on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-168.25K	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$298.82K	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$166.88K	USD	2 Qtrs
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.69M	USD	2 Qtrs
Issuances of common stock, net of issuance costs	`PaymentsOfStockIssuanceCosts`	$-80.00K	USD	2 Qtrs
Issuances of common stock, net of issuance costs	`PaymentsOfStockIssuanceCosts`	$-301.97K	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.54M	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-255.12K	USD	2 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-672.38K	USD	2 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-1.33M	USD	2 Qtrs
Cash beginning of period	`Cash`	$559.29K	USD	Point-in-time
Cash beginning of period	`Cash`	$1.89M	USD	Point-in-time
Cash beginning of period	`Cash`	$1.30M	USD	Point-in-time
Cash beginning of period	`Cash`	$1.98M	USD	Point-in-time
Cash end of period	`Cash`	$559.29K	USD	Point-in-time
Cash end of period	`Cash`	$1.89M	USD	Point-in-time
Cash end of period	`Cash`	$1.30M	USD	Point-in-time
Cash end of period	`Cash`	$1.98M	USD	Point-in-time

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