10-K Filing

DSS, INC. CIK: 771999 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001493152-18-002948`
Period End Date	20171231
Filing Date	20180306
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	dss-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 36 Cash Flow Statement 55 Stockholders Equity 16

Balance Sheet 69 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
Cash	`Cash`	$1.44M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.60M	shares	Point-in-time
Cash	`Cash`	$4.19M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.50M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$177.61K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.50M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$256.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	16.60M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.03M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.89M	USD	Point-in-time
Inventory	`InventoryNet`	$1.65M	USD	Point-in-time
Inventory	`InventoryNet`	$1.21M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$350.29K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$261.32K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.38M	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`	$4.81M	USD	Point-in-time
Investment	`LongTermInvestments`	-	USD	Point-in-time
Investment	`LongTermInvestments`	$484.93K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$83.38K	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
Goodwill	`Goodwill`	$2.45M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.22M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.90M	USD	Point-in-time
Total assets	`Assets`	$17.43M	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`	$728.65K	USD	Point-in-time
Accrued expenses and deferred revenue	`OtherAccruedLiabilitiesCurrent`	$1.11M	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`	$2.95M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$3.65M	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`	$966.51K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.40M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.73M	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`	$1.38M	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$45.62K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$125.98K	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 16,599,327 shares issued and outstanding (13,502,653 on December 31, 2016)	`CommonStockValue`	$331.99K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 16,599,327 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`	$106.63M	USD	Point-in-time
Subscription receivable	`StockholdersEquityNoteSubscriptionsReceivable`	-	USD	Point-in-time
Subscription receivable	`StockholdersEquityNoteSubscriptionsReceivable`	$300.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.07K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-45.34K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-101.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-101.86M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.79M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$18.47M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$17.43M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Printed products	`SalesRevenueServicesNet`	$17.03M	USD	Annual
Printed products	`SalesRevenueServicesNet`	$17.28M	USD	Annual
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$1.64M	USD	Annual
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$1.90M	USD	Annual
Total revenue	`Revenues`	$18.66M	USD	Annual
Total revenue	`Revenues`	$19.18M	USD	Annual
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$11.01M	USD	Annual
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$11.12M	USD	Annual
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$7.33M	USD	Annual
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$6.47M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.39M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.41M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$19.84M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$18.89M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-225.86K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-660.06K	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$4.21K	USD	Annual
Interest income	`InterestIncomeExpenseNet`	-	USD	Annual
Interest expense	`InterestExpense`	$248.06K	USD	Annual
Interest expense	`InterestExpense`	$223.32K	USD	Annual
Amortized debt discount	`AmortizationOfDebtDiscountPremium`	$31.15K	USD	Annual
Amortized debt discount	`AmortizationOfDebtDiscountPremium`	$154.14K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-939.27K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-599.12K	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$10.73K	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-20.96K	USD	Annual
Net loss	`NetIncomeLoss`	$-950.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-578.16K	USD	Annual
Interest rate swap gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$22.27K	USD	Annual
Interest rate swap gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$18.35K	USD	Annual
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-555.88K	USD	Annual
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-931.65K	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.42M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.07M	shares	Annual

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-950.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-578.16K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.39M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.41M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$214.86K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$328.57K	USD	Annual
Paid in-kind interest	`PaidInKindInterest`	$39.00K	USD	Annual
Paid in-kind interest	`PaidInKindInterest`	$72.00K	USD	Annual
Change in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$116.49K	USD	Annual
Change in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$-80.36K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$21.35K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$154.14K	USD	Annual
Gain on settlement of legal expenses	`GainLossRelatedToLitigationSettlement`	-	USD	Annual
Gain on settlement of legal expenses	`GainLossRelatedToLitigationSettlement`	$219.36K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$134.30K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-206.45K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$444.87K	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`	$-51.41K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-115.43K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$78.40K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$267.58K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-893.43K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-60.79K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-944.83K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$4.47M	USD	Annual
Net cash (used by) from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$5.47M	USD	Annual
Net cash (used by) from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.37M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$269.87K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$958.82K	USD	Annual
Proceeds from sale of intangibles	`ProceedsFromSaleOfIntangibleAssets`	$495.00K	USD	Point-in-time
Proceeds from sale of intangibles	`ProceedsFromSaleOfIntangibleAssets`	$495.00K	USD	Annual
Proceeds from sale of intangibles	`ProceedsFromSaleOfIntangibleAssets`	-	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$11.55K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$73.66K	USD	Annual
Net cash (used by) from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-970.37K	USD	Annual
Net cash (used by) from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$151.47K	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$1.39M	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$818.33K	USD	Annual
Borrowings from equipment line of credit	`ProceedsFromLongTermLinesOfCredit`	-	USD	Annual
Borrowings from equipment line of credit	`ProceedsFromLongTermLinesOfCredit`	$522.00K	USD	Annual
Issuances of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$199.91K	USD	Annual
Issuances of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$951.12K	USD	Annual
Net cash from (used by) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$654.79K	USD	Annual
Net cash from (used by) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.19M	USD	Annual
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$-1.68M	USD	Annual
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$4.43M	USD	Annual
Cash at beginning of year	`Cash`	$5.87M	USD	Point-in-time
Cash at beginning of year	`Cash`	$1.44M	USD	Point-in-time
Cash at beginning of year	`Cash`	$4.19M	USD	Point-in-time
Cash at end of year	`Cash`	$5.87M	USD	Point-in-time
Cash at end of year	`Cash`	$1.44M	USD	Point-in-time
Cash at end of year	`Cash`	$4.19M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$4.79M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.69M	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$199.91K	USD	Annual
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$1.84M	USD	Annual
Issuance of common stock, net, shares	`StockIssuedDuringPeriodSharesNewIssues`	300,000.00	shares	Point-in-time
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$328.57K	USD	Annual
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$214.86K	USD	Annual
Shares issued upon reverse stock split as a result of rounding up of fractional shares	`StockIssuedDuringPeriodValuesReverseStockSplits`	-	USD	Annual
Other comprehensive gain	`OtherComprehensiveIncomeLossBeforeTax`	$18.35K	USD	Annual
Other comprehensive gain	`OtherComprehensiveIncomeLossBeforeTax`	$22.27K	USD	Annual
Net Loss	`NetIncomeLoss`	$-950.00K	USD	Annual
Net Loss	`NetIncomeLoss`	$-578.16K	USD	Annual
Balance	`StockholdersEquity`	$4.79M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.69M	USD	Point-in-time

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