10-Q Filing

DSS, INC. CIK: 771999 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-011770`
Period End Date	20180630
Filing Date	20180814
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	dss-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 76 Cash Flow Statement 56

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts, accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$50.00K	USD	Point-in-time
Allowance for doubtful accounts, accounts receivable	`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	`CashAndCashEquivalentsAtCarryingValue`	$4.07M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.87M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.19M	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	`CashAndCashEquivalentsAtCarryingValue`	$3.05M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.60M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$256.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$141.35K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.60M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$402.83K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$177.61K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	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`	$2.03M	USD	Point-in-time
Accounts receivable, net of $50,000 allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$1.91M	USD	Point-in-time
Inventory	`InventoryNet`	$1.36M	USD	Point-in-time
Inventory	`InventoryNet`	$1.65M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$289.10K	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`	$6.75M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.76M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.81M	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`	$605.76K	USD	Point-in-time
Total assets	`Assets`	$15.14M	USD	Point-in-time
Total assets	`Assets`	$17.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.03M	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`	$986.49K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.95M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.50M	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`	$966.51K	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$624.28K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.40M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.64M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.73M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$783.30K	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`	$106.63M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$106.71M	USD	Point-in-time
Subscription receivable, net	`StockholdersEquityNoteSubscriptionsReceivable`	$300.00K	USD	Point-in-time
Subscription receivable, net	`StockholdersEquityNoteSubscriptionsReceivable`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.22K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.07K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-101.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-99.59M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.79M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.45M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$17.43M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.14M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.86M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$8.46M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$8.63M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$4.09M	USD	1 Quarter
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsAndServicesSold`	$2.19M	USD	1 Quarter
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsAndServicesSold`	$4.98M	USD	2 Qtrs
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsAndServicesSold`	$2.76M	USD	1 Quarter
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsAndServicesSold`	$5.34M	USD	2 Qtrs
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$3.58M	USD	2 Qtrs
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$1.80M	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`	$1.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$692.48K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$346.82K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$689.75K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$346.98K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$9.62M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$8.89M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$4.91M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$4.03M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-254.26K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-167.84K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-818.30K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.15M	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNet`	-	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNet`	$3.03K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$6.11K	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$54.80K	USD	1 Quarter
Interest expense	`InterestExpense`	$33.77K	USD	1 Quarter
Interest expense	`InterestExpense`	$82.91K	USD	2 Qtrs
Interest expense	`InterestExpense`	$112.40K	USD	2 Qtrs
Amortized debt discount	`AmortizationOfDebtDiscountPremium`	$72.43K	USD	2 Qtrs
Amortized debt discount	`AmortizationOfDebtDiscountPremium`	$33.90K	USD	2 Qtrs
Amortized debt discount	`AmortizationOfDebtDiscountPremium`	$37.14K	USD	1 Quarter
Amortized debt discount	`AmortizationOfDebtDiscountPremium`	$6.17K	USD	1 Quarter
Gain on extinguishment of liabilities, net	`GainsLossesOnExtinguishmentOfDebt`	$3.53M	USD	1 Quarter
Gain on extinguishment of liabilities, net	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on extinguishment of liabilities, net	`GainsLossesOnExtinguishmentOfDebt`	$3.53M	USD	2 Qtrs
Gain on extinguishment of liabilities, net	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.68M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-259.79K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-439.09K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.27M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$9.47K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.74K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$2.27M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-448.57K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-264.53K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.68M	USD	1 Quarter
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$21.85K	USD	2 Qtrs
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$6.96K	USD	1 Quarter
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.05K	USD	1 Quarter
Interest rate swap gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$5.85K	USD	2 Qtrs
Comprehensive income (loss):	`ComprehensiveIncomeNetOfTax`	$2.29M	USD	2 Qtrs
Comprehensive income (loss):	`ComprehensiveIncomeNetOfTax`	$-442.72K	USD	2 Qtrs
Comprehensive income (loss):	`ComprehensiveIncomeNetOfTax`	$2.68M	USD	1 Quarter
Comprehensive income (loss):	`ComprehensiveIncomeNetOfTax`	$-265.58K	USD	1 Quarter
Income (loss) per common share: Basic	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Income (loss) per common share: Basic	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Income (loss) per common share: Basic	`EarningsPerShareBasic`	$-0.03	USD	2 Qtrs
Income (loss) per common share: Basic	`EarningsPerShareBasic`	$0.14	USD	2 Qtrs
Income (loss) per common share: Diluted	`EarningsPerShareDiluted`	$0.13	USD	2 Qtrs
Income (loss) per common share: Diluted	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Income (loss) per common share: Diluted	`EarningsPerShareDiluted`	$-0.03	USD	2 Qtrs
Income (loss) per common share: Diluted	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Shares used in computing income (loss) per common share: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.64M	shares	2 Qtrs
Shares used in computing income (loss) per common share: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	16.60M	shares	1 Quarter
Shares used in computing income (loss) per common share: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.64M	shares	1 Quarter
Shares used in computing income (loss) per common share: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	16.60M	shares	2 Qtrs
Shares used in computing income (loss) per common share: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.84M	shares	1 Quarter
Shares used in computing income (loss) per common share: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.64M	shares	2 Qtrs
Shares used in computing income (loss) per common share: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.64M	shares	1 Quarter
Shares used in computing income (loss) per common share: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.88M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$2.27M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-448.57K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-264.53K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.68M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$692.48K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$346.82K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$689.75K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$346.98K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$86.17K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$191.36K	USD	2 Qtrs
Paid in-kind interest	`PaidInKindInterest`	$12.00K	USD	2 Qtrs
Paid in-kind interest	`PaidInKindInterest`	$36.00K	USD	2 Qtrs
Change in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$-9.47K	USD	2 Qtrs
Change in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$33.90K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$72.43K	USD	2 Qtrs
Gain on extinguishment of liabilities, net	`GainsLossesOnExtinguishmentOfDebt`	$3.53M	USD	1 Quarter
Gain on extinguishment of liabilities, net	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on extinguishment of liabilities, net	`GainsLossesOnExtinguishmentOfDebt`	$3.53M	USD	2 Qtrs
Gain on extinguishment of liabilities, net	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-118.49K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.61K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$317.50K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-289.51K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-52.50K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$27.77K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$303.91K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-445.59K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-262.19K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-90.32K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-393.84K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-606.93K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-799.57K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-449.84K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$365.66K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$311.40K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$20.14K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$4.90K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-331.54K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-370.56K	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$407.65K	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$758.30K	USD	2 Qtrs
Subscription receivable, net	`ProceedsFromSubscriptionReceivable`	-	USD	2 Qtrs
Subscription receivable, net	`ProceedsFromSubscriptionReceivable`	$288.00K	USD	2 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-407.65K	USD	2 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-470.30K	USD	2 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.58M	USD	2 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.25M	USD	2 Qtrs
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.44M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.19M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.47M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.05M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.44M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.19M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.47M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.05M	USD	Point-in-time

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