10-K Filing

DSS, INC. CIK: 771999 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001144204-15-019400`
Period End Date	20141231
Filing Date	20150330
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	dss-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 49 Cash Flow Statement 66 Stockholders Equity 25

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
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
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.41M	shares	Point-in-time
Cash	`Cash`	$2.34M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.17M	shares	Point-in-time
Cash	`Cash`	$1.89M	USD	Point-in-time
Cash	`Cash`	$1.98M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$355.79K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$500.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.41M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.17M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.15M	USD	Point-in-time
Inventory	`InventoryNet`	$869.26K	USD	Point-in-time
Inventory	`InventoryNet`	$834.98K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$425.67K	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`	$2.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.09M	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`	$5.02M	USD	Point-in-time
Investments and other assets	`OtherAssetsNoncurrent`	$686.91K	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
Goodwill	`Goodwill`	$12.05M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$29.60M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.91M	USD	Point-in-time
Total assets	`Assets`	$27.75M	USD	Point-in-time
Total assets	`Assets`	$67.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.04M	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`	$2.00M	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`	-	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`	$754.75K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.79M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$7.44M	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`	$520.18K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$1.36M	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$148.26K	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 46,172,404 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, 46,172,404 shares issued and outstanding (49,411,486 on December 31, 2013)	`CommonStockValue`	$923.45K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$97.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$101.01M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.57K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-61.18K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-86.02M	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`	-	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$58.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$15.86M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$67.34M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$27.75M	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Printed products	`SalesRevenueServicesNet`	$16.48M	USD	Annual
Printed products	`SalesRevenueServicesNet`	$15.43M	USD	Annual
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$1.81M	USD	Annual
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$2.03M	USD	Annual
Total revenue	`Revenues`	$18.29M	USD	Annual
Total revenue	`Revenues`	$17.45M	USD	Annual
Costs of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$11.69M	USD	Annual
Costs of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$10.46M	USD	Annual
Selling, general and administrative, (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$10.77M	USD	Annual
Selling, general and administrative, (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$11.67M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$5.27M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.97M	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	$3.00M	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	$238.93K	USD	Annual
Impairment of assets	`ImpairmentOfIntangibleAssetsFinitelived`	$277.80K	USD	Annual
Impairment of assets	`ImpairmentOfIntangibleAssetsFinitelived`	$22.29M	USD	Point-in-time
Impairment of assets	`ImpairmentOfIntangibleAssetsFinitelived`	$34.03M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$64.76M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$25.61M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-8.15M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-46.48M	USD	Annual
Interest expense	`InterestExpense`	$317.19K	USD	Annual
Interest expense	`InterestExpense`	$245.97K	USD	Annual
Gain on sale of fixed assets	`GainLossOnDispositionOfAssets1`	$116.57K	USD	Annual
Gain on sale of fixed assets	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Amortization of note discount and loss on debt extinguishment	`AmortizationOfFinancingCostsAndDiscounts`	$71.52K	USD	Annual
Amortization of note discount and loss on debt extinguishment	`AmortizationOfFinancingCostsAndDiscounts`	$51.91K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-46.85M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.36M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-10.95M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-988.63K	USD	Annual
Net (loss) income	`ProfitLoss`	$-45.86M	USD	Annual
Net (loss) income	`ProfitLoss`	$2.59M	USD	Annual
Less: loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Less: loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.70M	USD	Annual
Net (loss) income to common stockholders	`NetIncomeLoss`	$-41.16M	USD	Annual
Net (loss) income to common stockholders	`NetIncomeLoss`	$2.59M	USD	Annual
Interest rate swap (loss) gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$100.32K	USD	Annual
Interest rate swap (loss) gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-33.61K	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$2.69M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-41.19M	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.98	USD	Annual
Basic	`EarningsPerShareBasic`	$0.08	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.98	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.08	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	31.84M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.11M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.11M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.88M	shares	Annual

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-45.86M	USD	Annual
Net (loss) income	`ProfitLoss`	$2.59M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$5.27M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$2.97M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$1.36M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$1.89M	USD	Annual
Paid in-kind interest	`PaidInKindInterest`	-	USD	Annual
Paid in-kind interest	`PaidInKindInterest`	$48.00K	USD	Annual
Amortization of note discount and premium	`AmortizationOfDebtDiscountPremium`	$45.27K	USD	Annual
Amortization of note discount and premium	`AmortizationOfDebtDiscountPremium`	$22.71K	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 goodwill	`GoodwillImpairmentLoss`	$3.00M	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	$238.93K	USD	Annual
Impairment of intangible assets and investments inclusive of noncontrolling interest	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$277.80K	USD	Annual
Impairment of intangible assets and investments inclusive of noncontrolling interest	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$34.03M	USD	Annual
Deferred tax benefit	`IncreaseDecreaseInDeferredIncomeTaxes`	$-988.63K	USD	Annual
Deferred tax benefit	`IncreaseDecreaseInDeferredIncomeTaxes`	$-10.95M	USD	Annual
Foreign currency gain	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	Annual
Foreign currency gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$2.31K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$26.10K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-51.45K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$17.29K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$34.28K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-30.08K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$184.96K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$500.00K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-144.21K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-384.41K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$159.95K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$915.38K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-58.25K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.39M	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.65M	USD	Annual
Purchase of equipment and building improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$280.90K	USD	Annual
Purchase of equipment and building improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$378.59K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$753.00K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-6.57M	USD	Annual
Purchase of investments	`PaymentsToAcquireInvestments`	$250.00K	USD	Annual
Purchase of investments	`PaymentsToAcquireInvestments`	$750.00K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.59M	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.24M	USD	Annual
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$4.10M	USD	Annual
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.27M	USD	Annual
Net payments on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-80.15K	USD	Annual
Net payments on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-158.09K	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$616.39K	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$353.19K	USD	Annual
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	Annual
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$4.04M	USD	Annual
Issuance of common stock, net of issuance costs	`PaymentsOfStockIssuanceCosts`	$-1.76M	USD	Annual
Issuance of common stock, net of issuance costs	`PaymentsOfStockIssuanceCosts`	$-73.42K	USD	Annual
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-359.92K	USD	Annual
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.03M	USD	Annual
Net increase in cash	`CashPeriodIncreaseDecrease`	$89.87K	USD	Annual
Net increase in cash	`CashPeriodIncreaseDecrease`	$366.64K	USD	Annual
Cash beginning of year	`Cash`	$2.34M	USD	Point-in-time
Cash beginning of year	`Cash`	$1.89M	USD	Point-in-time
Cash beginning of year	`Cash`	$1.98M	USD	Point-in-time
Cash end of year	`Cash`	$2.34M	USD	Point-in-time
Cash end of year	`Cash`	$1.89M	USD	Point-in-time
Cash end of year	`Cash`	$1.98M	USD	Point-in-time

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$58.39M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$8.72M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$15.86M	USD	Point-in-time
Issuance of common stock, net (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	3.71M	shares	Point-in-time
Issuance of common stock, net (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	209,700.00	shares	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$1.55M	USD	Annual
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$148.64K	USD	Annual
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.51M	USD	Annual
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.81M	USD	Annual
Issuance of common stock for acquisition of Lexington Technology Group, net	`StockIssuedDuringPeriodValueAcquisitions`	$44.82M	USD	Annual
Beneficial conversion feature, net	`DebtInstrumentConvertibleBeneficialConversionFeature`	$-7.98K	USD	Annual
Retirement of shares held in escrow (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	4.06M	shares	Point-in-time
Retirement of shares held in escrow (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	400,000.00	shares	Point-in-time
Retirement of shares held in escrow	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	Annual
Exchange of warrants for common stock (in shares)	`StockIssuedDuringPeriodSharesOther`	3.43M	shares	Annual
Exchange of warrants for common stock	`StockIssuedDuringPeriodValueOther`	$168.00	USD	Annual
Change in noncontrolling interest in Virtual Agility Technology Investment, LLC	`AdjustmentsToAdditionalPaidInCapitalOther`	$300.00K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossBeforeTax`	$-33.61K	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)	`ProfitLoss`	$-45.86M	USD	Annual
Net income (loss)	`ProfitLoss`	$2.59M	USD	Annual
Ending Balance	`StockholdersEquity`	$58.39M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$8.72M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$15.86M	USD	Point-in-time

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