10-K Filing

DSS, INC. CIK: 771999 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001493152-17-002906`
Period End Date	20161231
Filing Date	20170328
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	dss-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 41 Cash Flow Statement 65 Stockholders Equity 24

Balance Sheet 65 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`	$5.87M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.97M	shares	Point-in-time
Cash	`Cash`	$2.34M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.50M	shares	Point-in-time
Cash	`Cash`	$1.44M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$177.61K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.50M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.97M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$293.04K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.89M	USD	Point-in-time
Inventory	`InventoryNet`	$937.83K	USD	Point-in-time
Inventory	`InventoryNet`	$1.21M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$313.53K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$350.29K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.50M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.57M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$45.82K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$44.05K	USD	Point-in-time
Goodwill	`Goodwill`	$15.29M	USD	Point-in-time
Goodwill	`Goodwill`	$15.29M	USD	Point-in-time
Goodwill	`Goodwill`	$15.29M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.90M	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`	$18.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.95M	USD	Point-in-time
Accrued expenses and deferred revenue	`OtherAccruedLiabilitiesCurrent`	$1.29M	USD	Point-in-time
Accrued expenses and deferred revenue	`OtherAccruedLiabilitiesCurrent`	$955.07K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.01M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	-	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$3.98M	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$1.20M	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$1.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.70M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.24M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$5.25M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.18M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$63.70K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$162.11K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$45.62K	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 13,502,653 shares issued and outstanding (12,970,487 on December 31, 2015)	`CommonStockValue`	$270.05K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 13,502,653 shares issued and outstanding (12,970,487 on December 31, 2015)	`CommonStockValue`	$259.41K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$103.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$104.34M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-45.34K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-63.70K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-100.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-101.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$15.86M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.28M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.60M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$18.47M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Printed products	`SalesRevenueServicesNet`	$17.28M	USD	Annual
Printed products	`SalesRevenueServicesNet`	$15.70M	USD	Annual
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$1.80M	USD	Annual
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$1.90M	USD	Annual
Total revenue	`Revenues`	$19.18M	USD	Annual
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$11.12M	USD	Annual
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$10.67M	USD	Annual
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$7.33M	USD	Annual
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$9.27M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.39M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.56M	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	$9.59M	USD	Annual
Impairment of assets	`ImpairmentOfIntangibleAssetsFinitelived`	$500.00K	USD	Annual
Impairment of assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Total costs and expenses	`OperatingExpenses`	$31.59M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$19.84M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-14.08M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-660.06K	USD	Annual
Interest expense	`InterestExpense`	$279.21K	USD	Annual
Interest expense	`InterestExpense`	$334.74K	USD	Annual
Gains on sales of investment and equipment	`GainLossOnDispositionOfAssets1`	$120.43K	USD	Annual
Gains on sales of investment and equipment	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Net loss on debt modification and extinguishment	`GainsLossesOnRestructuringOfDebt`	-	USD	Annual
Net loss on debt modification and extinguishment	`GainsLossesOnRestructuringOfDebt`	$-19.10K	USD	Annual
Foreign currency translation gain	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	Annual
Foreign currency translation gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$29.40K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-939.27K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-14.29M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$22.18K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$10.73K	USD	Annual
Net loss	`NetIncomeLoss`	$-950.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-14.31M	USD	Annual
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-2.52K	USD	Annual
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$18.35K	USD	Annual
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-14.31M	USD	Annual
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-931.65K	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.20	USD	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.94M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.07M	shares	Annual

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-950.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-14.31M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.39M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.56M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$974.14K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$328.57K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$36.00K	USD	Point-in-time
Paid in-kind interest	`PaidInKindInterest`	$39.00K	USD	Annual
Paid in-kind interest	`PaidInKindInterest`	$84.38K	USD	Annual
Gain on disposals of equipment, net	`GainLossOnSaleOfPropertyPlantEquipment`	$20.43K	USD	Annual
Gain on disposals of equipment, net	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	$9.59M	USD	Annual
Impairment of investment	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$500.00K	USD	Annual
Impairment of investment	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	Annual
Net loss on debt modification and extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-19.10K	USD	Annual
Net loss on debt modification and extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Change in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$116.49K	USD	Annual
Change in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$-22.18K	USD	Annual
Foreign currency transaction gain	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	Annual
Foreign currency transaction gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$29.40K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$21.35K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-206.45K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-238.00	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$68.57K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$268.55K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$38.53K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-198.42K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-115.43K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-62.75K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$907.71K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$267.58K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-469.42K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$4.47M	USD	Annual
Net cash from (used by) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$5.47M	USD	Annual
Net cash from (used by) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-976.63K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$269.87K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$157.10K	USD	Annual
Third-party funding received for acquisition of patent assets	`ThirdpartyFundingReceivedForAcquisitionOfPatentAssets`	-	USD	Annual
Third-party funding received for acquisition of patent assets	`ThirdpartyFundingReceivedForAcquisitionOfPatentAssets`	$3.04M	USD	Annual
Acquisition of patent assets with third-party funding	`AcquisitionOfPatentAssetsWithThirdpartyFunding`	$-3.04M	USD	Annual
Acquisition of patent assets with third-party funding	`AcquisitionOfPatentAssetsWithThirdpartyFunding`	-	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$46.28K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sale of intangible assets	`ProceedsFromSaleOfIntangibleAssets`	$495.00K	USD	Annual
Proceeds from sale of intangible assets	`ProceedsFromSaleOfIntangibleAssets`	-	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$5.16K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$73.66K	USD	Annual
Net cash from (used by) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-115.97K	USD	Annual
Net cash from (used by) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$151.47K	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$939.15K	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$1.39M	USD	Annual
Issuances of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$1.13M	USD	Annual
Issuances of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$199.91K	USD	Annual
Net cash from (used by) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.19M	USD	Annual
Net cash from (used by) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$189.19K	USD	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$4.43M	USD	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-903.42K	USD	Annual
Cash at beginning of year	`Cash`	$5.87M	USD	Point-in-time
Cash at beginning of year	`Cash`	$2.34M	USD	Point-in-time
Cash at beginning of year	`Cash`	$1.44M	USD	Point-in-time
Cash at end of year	`Cash`	$5.87M	USD	Point-in-time
Cash at end of year	`Cash`	$2.34M	USD	Point-in-time
Cash at end of year	`Cash`	$1.44M	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$15.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.28M	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$250.00K	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$199.91K	USD	Annual
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$950.00K	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$41.00K	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$1.13M	USD	Annual
Issuance of common stock, net, shares	`StockIssuedDuringPeriodSharesNewIssues`	25,000.00	shares	Point-in-time
Issuance of common stock, net, shares	`StockIssuedDuringPeriodSharesNewIssues`	1,166.00	shares	Point-in-time
Issuance of common stock, net, shares	`StockIssuedDuringPeriodSharesNewIssues`	300,000.00	shares	Point-in-time
Issuance of common stock, net, shares	`StockIssuedDuringPeriodSharesNewIssues`	1.08M	shares	Point-in-time
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$328.57K	USD	Annual
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$974.14K	USD	Annual
Shares issued in debt modification	`SharesIssuedInDebtModification`	$41.00K	USD	Annual
Shares issued upon reverse stock split as a result of rounding up of fractional shares	`StockIssuedDuringPeriodValuesReverseStockSplits`	-	USD	Annual
Shares issued upon reverse stock split as a result of rounding up of fractional shares, Shares	`StockIssuedDuringPeriodSharesReverseStockSplits`	2.50M	shares	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossBeforeTax`	$18.35K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossBeforeTax`	$-2.52K	USD	Annual
Net Loss	`ProfitLoss`	$-950.00K	USD	Annual
Net Loss	`ProfitLoss`	$-14.31M	USD	Annual
Balance	`StockholdersEquity`	$15.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.28M	USD	Point-in-time

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