10-Q Filing

DSS, INC. CIK: 771999 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001493152-16-009900`
Period End Date	20160331
Filing Date	20160516
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	dss-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 34 Cash Flow Statement 50

Balance Sheet 63 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
Cash	`Cash`	$1.05M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	51.88M	shares	Point-in-time
Cash	`Cash`	$2.34M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	51.88M	shares	Point-in-time
Cash	`Cash`	$1.44M	USD	Point-in-time
Cash	`Cash`	$1.59M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$293.04K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$282.89K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	51.88M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	51.88M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.91M	USD	Point-in-time
Inventory	`InventoryNet`	$990.21K	USD	Point-in-time
Inventory	`InventoryNet`	$937.83K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$435.21K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$313.53K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.08M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.89M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$44.05K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$45.82K	USD	Point-in-time
Goodwill	`Goodwill`	$2.45M	USD	Point-in-time
Goodwill	`Goodwill`	$2.45M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.02M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.89M	USD	Point-in-time
Total assets	`Assets`	$14.95M	USD	Point-in-time
Total assets	`Assets`	$26.14M	USD	Point-in-time
Total assets	`Assets`	$15.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.95M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$1.82M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$1.96M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$3.98M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$4.01M	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$1.55M	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$819.65K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.45M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.77M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.24M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$90.02K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$63.70K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$166.84K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$162.11K	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 51,881,948 shares issued and outstanding (51,881,948 on December 31, 2015)	`CommonStockValue`	$1.04M	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 51,881,948 shares issued and outstanding (51,881,948 on December 31, 2015)	`CommonStockValue`	$1.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$103.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$103.04M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-63.70K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-90.02K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-100.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-100.95M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.69M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.11M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$14.95M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$15.60M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Printed products	`SalesRevenueServicesNet`	$3.02M	USD	1 Quarter
Printed products	`SalesRevenueServicesNet`	$3.98M	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$363.97K	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$409.64K	USD	1 Quarter
Total revenue	`Revenues`	$4.34M	USD	1 Quarter
Total revenue	`Revenues`	$3.43M	USD	1 Quarter
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$2.61M	USD	1 Quarter
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$1.99M	USD	1 Quarter
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$2.61M	USD	1 Quarter
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$1.91M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$360.50K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$379.59K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$4.97M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$4.88M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-542.16K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.54M	USD	1 Quarter
Interest expense	`InterestExpense`	$77.13K	USD	1 Quarter
Interest expense	`InterestExpense`	$78.38K	USD	1 Quarter
Net loss on debt modification and extinguishment	`GainsLossesOnRestructuringOfDebt`	$-19.10K	USD	1 Quarter
Net loss on debt modification and extinguishment	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-619.28K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.64M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.65M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-624.02K	USD	1 Quarter
Interest rate swap loss	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-15.75K	USD	1 Quarter
Interest rate swap loss	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-26.32K	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-1.66M	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-650.34K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	51.88M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.24M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.65M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-624.02K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$379.59K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$360.50K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$324.60K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$73.72K	USD	1 Quarter
Paid in-kind interest	`PaidInKindInterest`	$19.50K	USD	1 Quarter
Paid in-kind interest	`PaidInKindInterest`	$20.00K	USD	1 Quarter
Net loss on debt modification and extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-19.10K	USD	1 Quarter
Net loss on debt modification and extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Change in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$-4.74K	USD	1 Quarter
Change in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$-4.74K	USD	1 Quarter
Foreign currency transaction gain	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Foreign currency transaction gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$29.40K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$5.29K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$5.29K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-183.44K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-651.94K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$202.54K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$52.38K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$123.46K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$33.62K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-10.15K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-18.49K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$310.74K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$219.51K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-145.66K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-351.17K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-528.94K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-68.66K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$51.83K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.79K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$67.79K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-119.62K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-27.79K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$195.08K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$202.44K	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-195.08K	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-202.44K	USD	1 Quarter
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-751.82K	USD	1 Quarter
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-390.72K	USD	1 Quarter
Cash beginning of period	`Cash`	$1.05M	USD	Point-in-time
Cash beginning of period	`Cash`	$2.34M	USD	Point-in-time
Cash beginning of period	`Cash`	$1.44M	USD	Point-in-time
Cash beginning of period	`Cash`	$1.59M	USD	Point-in-time
Cash end of period	`Cash`	$1.05M	USD	Point-in-time
Cash end of period	`Cash`	$2.34M	USD	Point-in-time
Cash end of period	`Cash`	$1.44M	USD	Point-in-time
Cash end of period	`Cash`	$1.59M	USD	Point-in-time

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