10-Q Filing

DSS, INC. CIK: 771999 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001493152-16-012439`
Period End Date	20160630
Filing Date	20160815
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	dss-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 72 Cash Flow Statement 48

Balance Sheet 62 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`	$1.01M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	51.91M	shares	Point-in-time
Cash	`Cash`	$771.24K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	51.88M	shares	Point-in-time
Cash	`Cash`	$1.44M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	51.91M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$293.04K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	51.88M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$217.77K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.12M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.10M	USD	Point-in-time
Inventory	`InventoryNet`	$1.16M	USD	Point-in-time
Inventory	`InventoryNet`	$937.83K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$313.53K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$323.44K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.08M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.79M	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`	$2.23M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.02M	USD	Point-in-time
Total assets	`Assets`	$15.60M	USD	Point-in-time
Total assets	`Assets`	$14.12M	USD	Point-in-time
Total assets	`Assets`	$25.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.26M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.95M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$1.96M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$1.86M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$3.54M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$3.98M	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$1.37M	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$1.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.45M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.24M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.02M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$63.70K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$97.99K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$162.11K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$171.58K	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, 51,906,948 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, 51,906,948 shares issued and outstanding (51,881,948 on December 31, 2015)	`CommonStockValue`	$1.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$103.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$103.04M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-97.99K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-63.70K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-101.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-100.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.80M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$14.12M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.60M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Printed products	`SalesRevenueServicesNet`	$3.72M	USD	1 Quarter
Printed products	`SalesRevenueServicesNet`	$3.68M	USD	1 Quarter
Printed products	`SalesRevenueServicesNet`	$7.70M	USD	2 Qtrs
Printed products	`SalesRevenueServicesNet`	$6.70M	USD	2 Qtrs
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$922.43K	USD	2 Qtrs
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$348.21K	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$512.79K	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$712.18K	USD	2 Qtrs
Total revenue	`Revenues`	$7.63M	USD	2 Qtrs
Total revenue	`Revenues`	$8.41M	USD	2 Qtrs
Total revenue	`Revenues`	$4.20M	USD	1 Quarter
Total revenue	`Revenues`	$4.07M	USD	1 Quarter
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$2.66M	USD	1 Quarter
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$2.33M	USD	1 Quarter
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$4.94M	USD	2 Qtrs
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$4.65M	USD	2 Qtrs
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$3.55M	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`	$2.24M	USD	1 Quarter
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$1.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$770.13K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$339.74K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$390.53K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$700.24K	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$9.19M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$4.31M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$5.29M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$10.26M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-782.45K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-240.29K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.09M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.64M	USD	2 Qtrs
Interest expense	`InterestExpense`	$72.80K	USD	1 Quarter
Interest expense	`InterestExpense`	$168.71K	USD	2 Qtrs
Interest expense	`InterestExpense`	$90.33K	USD	1 Quarter
Interest expense	`InterestExpense`	$149.93K	USD	2 Qtrs
Gains on sales of investment and equipment	`GainLossOnDispositionOfAssets1`	$146.28K	USD	2 Qtrs
Gains on sales of investment and equipment	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Gains on sales of investment and equipment	`GainLossOnDispositionOfAssets1`	$146.28K	USD	1 Quarter
Gains on sales of investment and equipment	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Net loss on debt modification and extinguishment	`GainsLossesOnRestructuringOfDebt`	$-19.10K	USD	2 Qtrs
Net loss on debt modification and extinguishment	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
Net loss on debt modification and extinguishment	`GainsLossesOnRestructuringOfDebt`	-	USD	2 Qtrs
Net loss on debt modification and extinguishment	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-313.09K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.68M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.04M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-932.37K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.47K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.47K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.69M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-941.85K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-317.82K	USD	1 Quarter
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.56K	USD	2 Qtrs
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-7.98K	USD	1 Quarter
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-34.29K	USD	2 Qtrs
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$18.33K	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-1.02M	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-976.14K	USD	2 Qtrs
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-325.80K	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-2.69M	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.30M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.27M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	51.89M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	51.91M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.69M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-941.85K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-317.82K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$700.24K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$340.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$770.13K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$391.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$86.49K	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`	$12.00K	USD	1 Quarter
Paid in-kind interest	`PaidInKindInterest`	$44.00K	USD	2 Qtrs
Paid in-kind interest	`PaidInKindInterest`	$39.00K	USD	2 Qtrs
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-46.28K	USD	2 Qtrs
Net loss on debt modification and extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Net loss on debt modification and extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-19.10K	USD	2 Qtrs
Change in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$-9.47K	USD	2 Qtrs
Change in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$-9.47K	USD	2 Qtrs
Foreign currency transaction gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$29.40K	USD	2 Qtrs
Foreign currency transaction gain	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$10.58K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-430.14K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$225.29K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$251.16K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.69K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-60.16K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-49.58K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-75.27K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$587.16K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$316.59K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-523.63K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-104.07K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-927.59K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-66.63K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$128.63K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.49K	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$46.28K	USD	2 Qtrs
Proceeds from sale of intangible assets	`ProceedsFromSaleOfIntangibleAssets`	$495.00K	USD	2 Qtrs
Proceeds from sale of intangible assets	`ProceedsFromSaleOfIntangibleAssets`	-	USD	2 Qtrs
Cash beginning of period	`Cash`	$1.01M	USD	Point-in-time
Cash beginning of period	`Cash`	$771.24K	USD	Point-in-time
Cash beginning of period	`Cash`	$1.44M	USD	Point-in-time
Cash end of period	`Cash`	$1.01M	USD	Point-in-time
Cash end of period	`Cash`	$771.24K	USD	Point-in-time
Cash end of period	`Cash`	$1.44M	USD	Point-in-time

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