10-Q Filing

DSS, INC. CIK: 771999 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-049039`
Period End Date	20150630
Filing Date	20150813
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	dss-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 72 Cash Flow Statement 68

Balance Sheet 64 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`	46.17M	shares	Point-in-time
Cash	`Cash`	$1.01M	USD	Point-in-time
Cash	`Cash`	$1.98M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.30M	shares	Point-in-time
Cash	`Cash`	$2.34M	USD	Point-in-time
Cash	`Cash`	$1.30M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$355.79K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$306.21K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.17M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.30M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.67M	USD	Point-in-time
Inventory	`InventoryNet`	$1.12M	USD	Point-in-time
Inventory	`InventoryNet`	$869.26K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$425.67K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$426.08K	USD	Point-in-time
Deferred tax asset, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.50K	USD	Point-in-time
Deferred tax asset, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.09M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.30M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.02M	USD	Point-in-time
Investments and other assets, net	`OtherAssetsNoncurrent`	$626.34K	USD	Point-in-time
Investments and other assets, net	`OtherAssetsNoncurrent`	$686.91K	USD	Point-in-time
Goodwill	`Goodwill`	$12.05M	USD	Point-in-time
Goodwill	`Goodwill`	$12.00M	USD	Point-in-time
Goodwill	`Goodwill`	$12.05M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.91M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.45M	USD	Point-in-time
Total assets	`Assets`	$27.75M	USD	Point-in-time
Total assets	`Assets`	$66.31M	USD	Point-in-time
Total assets	`Assets`	$25.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.62M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$1.45M	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$1.56M	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$754.75K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.79M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$6.79M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$7.44M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$520.18K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$517.62K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$157.73K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$148.26K	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 46,302,404 shares issued and outstanding (46,172,404 on December 31, 2014)	`CommonStockValue`	$923.45K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 46,302,404 shares issued and outstanding (46,172,404 on December 31, 2014)	`CommonStockValue`	$926.05K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$101.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$101.01M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-58.62K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-61.18K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-88.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-86.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$15.86M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$13.85M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$27.75M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$25.95M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Printed products	`SalesRevenueServicesNet`	$3.68M	USD	1 Quarter
Printed products	`SalesRevenueServicesNet`	$7.57M	USD	2 Qtrs
Printed products	`SalesRevenueServicesNet`	$6.70M	USD	2 Qtrs
Printed products	`SalesRevenueServicesNet`	$4.41M	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$476.13K	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$922.43K	USD	2 Qtrs
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$940.36K	USD	2 Qtrs
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$512.79K	USD	1 Quarter
Total revenue	`Revenues`	$4.88M	USD	1 Quarter
Total revenue	`Revenues`	$7.63M	USD	2 Qtrs
Total revenue	`Revenues`	$4.20M	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`	$4.65M	USD	2 Qtrs
Cost of goods sold, exclusive of depreciation and amortization	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$2.66M	USD	1 Quarter
Cost of goods sold, exclusive of depreciation and amortization	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$5.39M	USD	2 Qtrs
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$4.84M	USD	2 Qtrs
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$5.69M	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`	$2.24M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$2.60M	USD	2 Qtrs
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$1.29M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$390.53K	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$770.13K	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$7.10M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$10.26M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$5.29M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$13.68M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-2.22M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.64M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-1.09M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-5.17M	USD	2 Qtrs
Interest expense	`InterestExpense`	$163.85K	USD	2 Qtrs
Interest expense	`InterestExpense`	$88.91K	USD	1 Quarter
Interest expense	`InterestExpense`	$90.33K	USD	1 Quarter
Interest expense	`InterestExpense`	$168.71K	USD	2 Qtrs
Net loss on debt modification and extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-51.91K	USD	2 Qtrs
Net loss on debt modification and extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-34.55K	USD	1 Quarter
Net loss on debt modification and extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Net loss on debt modification and extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-19.10K	USD	2 Qtrs
Gains on sales of investment and equipment	`GainLossOnSaleOfInvestments`	-	USD	1 Quarter
Gains on sales of investment and equipment	`GainLossOnSaleOfInvestments`	-	USD	2 Qtrs
Gains on sales of investment and equipment	`GainLossOnSaleOfInvestments`	$146.28K	USD	2 Qtrs
Gains on sales of investment and equipment	`GainLossOnSaleOfInvestments`	$146.28K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.04M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.68M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.39M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.34M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.47K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$9.47K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.69M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.34M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.40M	USD	2 Qtrs
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.56K	USD	2 Qtrs
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-15.27K	USD	1 Quarter
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$18.31K	USD	1 Quarter
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-25.22K	USD	2 Qtrs
Comprehensive loss:	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.69M	USD	2 Qtrs
Comprehensive loss:	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.36M	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.02M	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-5.42M	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.30M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	41.98M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.27M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.04M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.69M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.34M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.40M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$391.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.60M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$770.13K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$318.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$643.14K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$840.88K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$293.00K	USD	1 Quarter
Paid in-kind interest	`PaidInKindInterest`	-	USD	2 Qtrs
Paid in-kind interest	`PaidInKindInterest`	$44.00K	USD	2 Qtrs
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$46.28K	USD	2 Qtrs
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Net loss on debt modification and extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-51.91K	USD	2 Qtrs
Net loss on debt modification and extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-34.55K	USD	1 Quarter
Net loss on debt modification and extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Net loss on debt modification and extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-19.10K	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 (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$29.40K	USD	2 Qtrs
Foreign currency translation (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-16.42K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-430.14K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-359.14K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$84.68K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$251.16K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$174.62K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-60.16K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-254.52K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-49.58K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$587.16K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$33.08K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$387.19K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-523.63K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.10M	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-927.59K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$157.79K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.49K	USD	2 Qtrs
Proceeds from the sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Proceeds from the sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$46.28K	USD	2 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	-	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`	$3.24K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.10M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.44K	USD	2 Qtrs
Net payments on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Net payments on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-158.09K	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$386.79K	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$298.82K	USD	2 Qtrs
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.69M	USD	2 Qtrs
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Issuances of common stock, net of issuance costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Issuances of common stock, net of issuance costs	`PaymentsOfStockIssuanceCosts`	$-301.97K	USD	2 Qtrs
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-386.79K	USD	2 Qtrs
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.54M	USD	2 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-1.33M	USD	2 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-672.38K	USD	2 Qtrs
Cash beginning of period	`Cash`	$1.01M	USD	Point-in-time
Cash beginning of period	`Cash`	$1.98M	USD	Point-in-time
Cash beginning of period	`Cash`	$2.34M	USD	Point-in-time
Cash beginning of period	`Cash`	$1.30M	USD	Point-in-time
Cash end of period	`Cash`	$1.01M	USD	Point-in-time
Cash end of period	`Cash`	$1.98M	USD	Point-in-time
Cash end of period	`Cash`	$2.34M	USD	Point-in-time
Cash end of period	`Cash`	$1.30M	USD	Point-in-time

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