10-Q Filing

DSS, INC. CIK: 771999 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-009076`
Period End Date	20170630
Filing Date	20170814
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	dss-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 68 Cash Flow Statement 54

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
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$5.87M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$771.24K	USD	Point-in-time
Cash	`Cash`	$4.07M	USD	Point-in-time
Cash	`Cash`	$1.44M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$402.83K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.50M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.69M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$177.61K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.69M	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`	13.50M	shares	Point-in-time
Accounts receivable, net of $50,000 allowance for uncollectible accounts	`AccountsReceivableNetCurrent`	$1.87M	USD	Point-in-time
Inventory	`InventoryNet`	$1.21M	USD	Point-in-time
Inventory	`InventoryNet`	$1.52M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$350.29K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$297.79K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.50M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.59M	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`	$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`	$1.56M	USD	Point-in-time
Total assets	`Assets`	$16.82M	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`	$1.77M	USD	Point-in-time
Accrued expenses and deferred revenue	`OtherAccruedLiabilitiesCurrent`	$940.74K	USD	Point-in-time
Accrued expenses and deferred revenue	`OtherAccruedLiabilitiesCurrent`	$1.29M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.98M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$3.55M	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`	$834.42K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.08M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$5.25M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.73M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.18M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$894.00K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$45.62K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$55.09K	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, 13,688,903 shares issued and outstanding (13,502,653 on December 31, 2016)	`CommonStockValue`	$270.05K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 13,688,903 shares issued and outstanding (13,502,653 on December 31, 2016)	`CommonStockValue`	$273.78K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$104.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$104.55M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-45.34K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.49K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-101.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-101.73M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.06M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$18.47M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$16.82M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Printed products	`SalesRevenueServicesNet`	$3.38M	USD	1 Quarter
Printed products	`SalesRevenueServicesNet`	$7.79M	USD	2 Qtrs
Printed products	`SalesRevenueServicesNet`	$3.72M	USD	1 Quarter
Printed products	`SalesRevenueServicesNet`	$7.70M	USD	2 Qtrs
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$477.60K	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$845.13K	USD	2 Qtrs
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$712.18K	USD	2 Qtrs
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$348.21K	USD	1 Quarter
Total revenue	`Revenues`	$8.63M	USD	2 Qtrs
Total revenue	`Revenues`	$3.86M	USD	1 Quarter
Total revenue	`Revenues`	$4.07M	USD	1 Quarter
Total revenue	`Revenues`	$8.41M	USD	2 Qtrs
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$2.33M	USD	1 Quarter
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$2.19M	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`	$4.98M	USD	2 Qtrs
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$1.49M	USD	1 Quarter
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$3.22M	USD	2 Qtrs
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$1.64M	USD	1 Quarter
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$3.54M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$339.74K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$346.98K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$700.24K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$689.75K	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$8.89M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$4.31M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$9.18M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$4.03M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-771.87K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-167.84K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-235.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-254.26K	USD	2 Qtrs
Interest expense	`InterestExpense`	$72.80K	USD	1 Quarter
Interest expense	`InterestExpense`	$149.93K	USD	2 Qtrs
Interest expense	`InterestExpense`	$54.80K	USD	1 Quarter
Interest expense	`InterestExpense`	$112.40K	USD	2 Qtrs
Amortized debt discount	`AmortizationOfDebtDiscountPremium`	$72.43K	USD	2 Qtrs
Amortized debt discount	`AmortizationOfDebtDiscountPremium`	$10.57K	USD	2 Qtrs
Amortized debt discount	`AmortizationOfDebtDiscountPremium`	$5.29K	USD	1 Quarter
Amortized debt discount	`AmortizationOfDebtDiscountPremium`	$37.14K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-439.09K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-932.37K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-313.09K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-259.79K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.47K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$9.47K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-448.57K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-317.82K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-941.85K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-264.53K	USD	1 Quarter
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$5.85K	USD	2 Qtrs
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.05K	USD	1 Quarter
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-7.98K	USD	1 Quarter
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-34.29K	USD	2 Qtrs
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-976.14K	USD	2 Qtrs
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-265.58K	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-325.80K	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-442.72K	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.66M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.64M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.97M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.98M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-448.57K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-317.82K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-941.85K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-264.53K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$339.74K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$346.98K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$700.24K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$689.75K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$86.49K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$191.36K	USD	2 Qtrs
Paid in-kind interest	`PaidInKindInterest`	$36.00K	USD	2 Qtrs
Paid in-kind interest	`PaidInKindInterest`	$39.00K	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
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$72.43K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$10.58K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$21.38K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.61K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$225.29K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$317.50K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-52.50K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.69K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$225.22K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-75.27K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-445.59K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$316.59K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-656.03K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-104.07K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.02M	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-66.63K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$128.63K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$365.66K	USD	2 Qtrs
Proceeds from sale of intangibles	`ProceedsFromSaleOfIntangibleAssets`	-	USD	2 Qtrs
Proceeds from sale of intangibles	`ProceedsFromSaleOfIntangibleAssets`	$495.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$4.90K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$67.94K	USD	2 Qtrs
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-370.56K	USD	2 Qtrs
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$298.42K	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$407.65K	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$900.81K	USD	2 Qtrs
Issuances of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Issuances of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-900.81K	USD	2 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-407.65K	USD	2 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-1.80M	USD	2 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-669.02K	USD	2 Qtrs
Cash at beginning of period	`Cash`	$5.87M	USD	Point-in-time
Cash at beginning of period	`Cash`	$771.24K	USD	Point-in-time
Cash at beginning of period	`Cash`	$4.07M	USD	Point-in-time
Cash at beginning of period	`Cash`	$1.44M	USD	Point-in-time
Cash at end of period	`Cash`	$5.87M	USD	Point-in-time
Cash at end of period	`Cash`	$771.24K	USD	Point-in-time
Cash at end of period	`Cash`	$4.07M	USD	Point-in-time
Cash at 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.