10-Q Filing

DSS, INC. CIK: 771999 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-013059`
Period End Date	20170930
Filing Date	20171114
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	dss-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 66 Cash Flow Statement 54

Balance Sheet 70 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`	$4.22M	USD	Point-in-time
Cash	`Cash`	$5.87M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$1.44M	USD	Point-in-time
Cash	`Cash`	$823.45K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.50M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$177.61K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$336.17K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.94M	shares	Point-in-time
Accounts receivable, net of $50,000 allowance for uncollectible accounts	`AccountsReceivableNetCurrent`	$1.89M	USD	Point-in-time
Accounts receivable, net of $50,000 allowance for uncollectible accounts	`AccountsReceivableNetCurrent`	$1.80M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.94M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.50M	shares	Point-in-time
Inventory	`InventoryNet`	$1.91M	USD	Point-in-time
Inventory	`InventoryNet`	$1.21M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$308.22K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$350.29K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.50M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.48M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.57M	USD	Point-in-time
Investment	`LongTermInvestments`	$484.93K	USD	Point-in-time
Investment	`LongTermInvestments`	-	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`	$1.39M	USD	Point-in-time
Total assets	`Assets`	$17.44M	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`	$1.71M	USD	Point-in-time
Accrued expenses and deferred revenue	`OtherAccruedLiabilitiesCurrent`	$1.01M	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`	$2.96M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	-	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$3.61M	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$752.18K	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$1.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.70M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.61M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$5.25M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.62M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.18M	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$45.62K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$59.83K	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 15,939,327 shares issued and outstanding (13,502,653 on December 31, 2016)	`CommonStockValue`	$318.79K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 15,939,327 shares issued and outstanding (13,502,653 on December 31, 2016)	`CommonStockValue`	$270.05K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$104.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$106.12M	USD	Point-in-time
Subscriptions receivable from related party	`StockholdersEquityNoteSubscriptionsReceivable`	-	USD	Point-in-time
Subscriptions receivable from related party	`StockholdersEquityNoteSubscriptionsReceivable`	$300.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-45.34K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-35.55K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-101.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-102.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.28M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$17.44M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$18.47M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Printed products	`SalesRevenueServicesNet`	$4.45M	USD	1 Quarter
Printed products	`SalesRevenueServicesNet`	$11.55M	USD	3 Qtrs
Printed products	`SalesRevenueServicesNet`	$3.77M	USD	1 Quarter
Printed products	`SalesRevenueServicesNet`	$12.15M	USD	3 Qtrs
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$1.24M	USD	3 Qtrs
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$1.28M	USD	3 Qtrs
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$431.36K	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$530.98K	USD	1 Quarter
Total revenue	`Revenues`	$4.20M	USD	1 Quarter
Total revenue	`Revenues`	$13.39M	USD	3 Qtrs
Total revenue	`Revenues`	$12.83M	USD	3 Qtrs
Total revenue	`Revenues`	$4.98M	USD	1 Quarter
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$2.87M	USD	1 Quarter
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$7.82M	USD	3 Qtrs
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$2.40M	USD	1 Quarter
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$7.38M	USD	3 Qtrs
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$4.84M	USD	3 Qtrs
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$1.71M	USD	1 Quarter
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$1.62M	USD	1 Quarter
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$5.26M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.04M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.05M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$352.04K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$349.14K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$4.93M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$14.13M	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$13.26M	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$4.37M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-173.30K	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$45.74K	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-736.71K	USD	3 Qtrs
Operating (loss) income	`OperatingIncomeLoss`	$-427.56K	USD	3 Qtrs
Interest expense	`InterestExpense`	$217.66K	USD	3 Qtrs
Interest expense	`InterestExpense`	$170.56K	USD	3 Qtrs
Interest expense	`InterestExpense`	$67.74K	USD	1 Quarter
Interest expense	`InterestExpense`	$58.16K	USD	1 Quarter
Amortized debt discount	`AmortizationOfDebtDiscountPremium`	$40.85K	USD	1 Quarter
Amortized debt discount	`AmortizationOfDebtDiscountPremium`	$113.29K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-954.37K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-711.41K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-22.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-272.32K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.73K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$14.21K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$14.21K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-26.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-725.62K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-968.59K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-277.05K	USD	1 Quarter
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$3.94K	USD	1 Quarter
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-22.45K	USD	3 Qtrs
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$9.79K	USD	3 Qtrs
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$11.84K	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-715.83K	USD	3 Qtrs
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-991.04K	USD	3 Qtrs
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-273.11K	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-14.89K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.98M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.79M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.98M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.09M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-26.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-725.62K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-968.59K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-277.05K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.04M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.05M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$352.04K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$349.14K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$87.74K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$203.11K	USD	3 Qtrs
Paid in-kind interest	`PaidInKindInterest`	$58.00K	USD	3 Qtrs
Paid in-kind interest	`PaidInKindInterest`	$54.00K	USD	3 Qtrs
Change in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$-14.21K	USD	3 Qtrs
Change in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$-14.21K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$113.29K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$15.86K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-91.98K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-19.50K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$250.53K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$706.74K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-70.84K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$24.68K	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-105.32K	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$158.56K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$169.39K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-506.75K	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-867.70K	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$108.14K	USD	3 Qtrs
Net cash (used) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$383.75K	USD	3 Qtrs
Net cash (used) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.38M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$438.35K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$192.61K	USD	3 Qtrs
Proceeds from sale of intangibles	`ProceedsFromSaleOfIntangibleAssets`	-	USD	3 Qtrs
Proceeds from sale of intangibles	`ProceedsFromSaleOfIntangibleAssets`	$495.00K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$72.95K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$4.90K	USD	3 Qtrs
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$229.43K	USD	3 Qtrs
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-443.25K	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$1.23M	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$612.42K	USD	3 Qtrs
Issuances of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$-92.00	USD	3 Qtrs
Issuances of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$783.09K	USD	3 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$170.68K	USD	3 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.23M	USD	3 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-616.81K	USD	3 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-1.65M	USD	3 Qtrs
Cash at beginning of period	`Cash`	$4.22M	USD	Point-in-time
Cash at beginning of period	`Cash`	$5.87M	USD	Point-in-time
Cash at beginning of period	`Cash`	$1.44M	USD	Point-in-time
Cash at beginning of period	`Cash`	$823.45K	USD	Point-in-time
Cash at end of period	`Cash`	$4.22M	USD	Point-in-time
Cash at end 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`	$823.45K	USD	Point-in-time

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