10-Q Filing

DSS, INC. CIK: 771999 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-007049`
Period End Date	20180331
Filing Date	20180515
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	dss-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 36 Cash Flow Statement 48

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$50.00K	USD	Point-in-time
Allowance for doubtful 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`	$6.05M	USD	Point-in-time
Cash	`Cash`	$3.73M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$5.29M	USD	Point-in-time
Cash	`Cash`	$4.19M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$256.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.60M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$555.83K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	16.60M	shares	Point-in-time
Accounts receivable, net of $50,000 allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$2.00M	USD	Point-in-time
Accounts receivable, net of $50,000 allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$2.03M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	16.60M	shares	Point-in-time
Inventory	`InventoryNet`	$1.60M	USD	Point-in-time
Inventory	`InventoryNet`	$1.65M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$261.32K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$248.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.13M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.81M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.76M	USD	Point-in-time
Investment	`LongTermInvestments`	$484.93K	USD	Point-in-time
Investment	`LongTermInvestments`	$484.93K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$83.38K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$83.38K	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`	$1.07M	USD	Point-in-time
Total assets	`Assets`	$17.43M	USD	Point-in-time
Total assets	`Assets`	$16.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$728.65K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$917.45K	USD	Point-in-time
Accrued expenses and deferred revenue	`OtherAccruedLiabilitiesCurrent`	$1.11M	USD	Point-in-time
Accrued expenses and deferred revenue	`OtherAccruedLiabilitiesCurrent`	$1.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.93M	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`	$3.71M	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$806.20K	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$966.51K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.40M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.66M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.73M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.14M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.38M	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$125.98K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$125.98K	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 16,599,327 shares issued and outstanding (16,599,327 on December 31, 2017)	`CommonStockValue`	$331.99K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 16,599,327 shares issued and outstanding (16,599,327 on December 31, 2017)	`CommonStockValue`	$331.99K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$106.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$106.63M	USD	Point-in-time
Subscription receivable	`StockholdersEquityNoteSubscriptionsReceivable`	$300.00K	USD	Point-in-time
Subscription receivable	`StockholdersEquityNoteSubscriptionsReceivable`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.07K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.18K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-101.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-102.26M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.79M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.68M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$17.43M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$16.98M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Printed products	`SalesRevenueServicesNet`	$3.92M	USD	1 Quarter
Printed products	`SalesRevenueServicesNet`	$4.40M	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$454.27K	USD	1 Quarter
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$367.53K	USD	1 Quarter
Total revenue	`Revenues`	$4.77M	USD	1 Quarter
Total revenue	`Revenues`	$4.38M	USD	1 Quarter
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$2.58M	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`	$1.78M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$342.77K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$345.67K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$4.71M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$4.86M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-332.30K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-86.41K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$3.07K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$49.14K	USD	1 Quarter
Interest expense	`InterestExpense`	$57.60K	USD	1 Quarter
Amortized debt discount	`AmortizationOfDebtDiscountPremium`	$27.73K	USD	1 Quarter
Amortized debt discount	`AmortizationOfDebtDiscountPremium`	$35.29K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-406.09K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-179.30K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-406.09K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-184.04K	USD	1 Quarter
Interest rate swap gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$6.90K	USD	1 Quarter
Interest rate swap gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$14.89K	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-177.14K	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-391.20K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.60M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.62M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-406.09K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-184.04K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$342.77K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$345.67K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$1.25K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$133.81K	USD	1 Quarter
Paid in-kind interest	`PaidInKindInterest`	$12.00K	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`	-	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$35.29K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$27.73K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.69K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$133.99K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-51.70K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-2.85K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$27.08K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-13.33K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-419.48K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$188.79K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-259.68K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-103.93K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-249.59K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-486.80K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-93.45K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$66.21K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$132.94K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$15.78K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$4.95K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-71.16K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-148.72K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$206.54K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$203.65K	USD	1 Quarter
Subscription receivable	`ProceedsFromSubscriptionReceivable`	$288.00K	USD	1 Quarter
Subscription receivable	`ProceedsFromSubscriptionReceivable`	-	USD	1 Quarter
Net cash from (used by) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$81.46K	USD	1 Quarter
Net cash from (used by) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-203.65K	USD	1 Quarter
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-160.71K	USD	1 Quarter
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-761.61K	USD	1 Quarter
Cash and restricted cash at beginning of period	`Cash`	$6.05M	USD	Point-in-time
Cash and restricted cash at beginning of period	`Cash`	$3.73M	USD	Point-in-time
Cash and restricted cash at beginning of period	`Cash`	$5.29M	USD	Point-in-time
Cash and restricted cash at beginning of period	`Cash`	$4.19M	USD	Point-in-time
Cash and restricted cash at end of period	`Cash`	$6.05M	USD	Point-in-time
Cash and restricted cash at end of period	`Cash`	$3.73M	USD	Point-in-time
Cash and restricted cash at end of period	`Cash`	$5.29M	USD	Point-in-time
Cash and restricted cash at end of period	`Cash`	$4.19M	USD	Point-in-time

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