10-Q Filing

DSS, INC. CIK: 771999 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-005325`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	dss-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 34 Cash Flow Statement 46

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for uncollectible accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$50.00K	USD	Point-in-time
Accounts receivable, allowance for uncollectible accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$50.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.02	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.02	USD	Point-in-time
Cash	`Cash`	$1.44M	USD	Point-in-time
Cash	`Cash`	$1.05M	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`	$4.87M	USD	Point-in-time
Cash	`Cash`	$5.87M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$177.61K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$421.67K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.50M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.65M	shares	Point-in-time
Accounts receivable, net of $50,000 allowance for uncollectible accounts	`AccountsReceivableNetCurrent`	$1.89M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.65M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.50M	shares	Point-in-time
Accounts receivable, net of $50,000 allowance for uncollectible accounts	`AccountsReceivableNetCurrent`	$2.02M	USD	Point-in-time
Inventory	`InventoryNet`	$1.21M	USD	Point-in-time
Inventory	`InventoryNet`	$1.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$350.29K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$377.37K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.89M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.50M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.57M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.47M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$45.82K	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`	$1.90M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.73M	USD	Point-in-time
Total assets	`Assets`	$17.59M	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`	$1.79M	USD	Point-in-time
Accrued expenses and deferred revenue	`OtherAccruedLiabilitiesCurrent`	$1.19M	USD	Point-in-time
Accrued expenses and deferred revenue	`OtherAccruedLiabilitiesCurrent`	$1.29M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.98M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.00M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$3.54M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	-	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`	$1.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.70M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$5.25M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.65M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.18M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.04M	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$45.62K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$50.36K	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 13,652,903 shares issued and outstanding (13,502,653 on December 31, 2016)	`CommonStockValue`	$273.06K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 13,652,903 shares issued and outstanding (13,502,653 on December 31, 2016)	`CommonStockValue`	$270.05K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$104.47M	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`	$-38.44K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-101.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-101.28M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.24M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.28M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$18.47M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$17.59M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Printed products	`SalesRevenueServicesNet`	$3.98M	USD	1 Quarter
Printed products	`SalesRevenueServicesNet`	$4.40M	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$363.97K	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$367.53K	USD	1 Quarter
Total revenue	`Revenues`	$4.34M	USD	1 Quarter
Total revenue	`Revenues`	$4.77M	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`	$2.79M	USD	1 Quarter
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$1.73M	USD	1 Quarter
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$1.91M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$342.77K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$360.50K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$4.86M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$4.88M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-86.41K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-536.87K	USD	1 Quarter
Interest expense	`InterestExpense`	$77.13K	USD	1 Quarter
Interest expense	`InterestExpense`	$57.60K	USD	1 Quarter
Amortized debt discount	`AmortizationOfDebtDiscountPremium`	$35.29K	USD	1 Quarter
Amortized debt discount	`AmortizationOfDebtDiscountPremium`	$5.29K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-179.30K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-619.28K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-184.04K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-624.02K	USD	1 Quarter
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$6.90K	USD	1 Quarter
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-26.32K	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-177.14K	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-650.34K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.62M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.97M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-184.04K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-624.02K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$342.77K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$360.50K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$133.81K	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`	$18.00K	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
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$5.29K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$35.29K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$133.99K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-183.44K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$52.38K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-2.85K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$43.68K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$123.46K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-10.15K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$244.06K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$219.51K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-419.48K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-243.08K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-145.66K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-730.87K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-68.66K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$51.83K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$66.21K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$4.95K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$67.79K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-119.62K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-71.16K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$202.44K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$203.65K	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-203.65K	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-202.44K	USD	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-390.72K	USD	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-1.01M	USD	1 Quarter
Cash at beginning of period	`Cash`	$1.44M	USD	Point-in-time
Cash at beginning of period	`Cash`	$1.05M	USD	Point-in-time
Cash at beginning of period	`Cash`	$4.87M	USD	Point-in-time
Cash at beginning of period	`Cash`	$5.87M	USD	Point-in-time
Cash at end of period	`Cash`	$1.44M	USD	Point-in-time
Cash at end of period	`Cash`	$1.05M	USD	Point-in-time
Cash at end of period	`Cash`	$4.87M	USD	Point-in-time
Cash at end of period	`Cash`	$5.87M	USD	Point-in-time

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