10-K Filing

DSS, INC. CIK: 771999 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001493152-19-003423`
Period End Date	20181231
Filing Date	20190315
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	dss-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 41 Cash Flow Statement 56 Stockholders Equity 14

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
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.32M	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 issued	`CommonStockSharesIssued`	17.43M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$177.61K	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`	$130.33K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	17.43M	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`	$2.22M	USD	Point-in-time
Accounts receivable, net of $50,000 allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$2.03M	USD	Point-in-time
Inventory	`InventoryNet`	$1.56M	USD	Point-in-time
Inventory	`InventoryNet`	$1.65M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$285.58K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$261.32K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.38M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.81M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.01M	USD	Point-in-time
Investment	`LongTermInvestments`	$324.93K	USD	Point-in-time
Investment	`LongTermInvestments`	$484.93K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$90.32K	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
Goodwill	`Goodwill`	$2.45M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.22M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$881.41K	USD	Point-in-time
Total assets	`Assets`	$17.43M	USD	Point-in-time
Total assets	`Assets`	$15.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$728.65K	USD	Point-in-time
Accrued expenses and deferred revenue	`OtherAccruedLiabilitiesCurrent`	$989.15K	USD	Point-in-time
Accrued expenses and deferred revenue	`OtherAccruedLiabilitiesCurrent`	$1.11M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.26M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.95M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	-	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$3.65M	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`	$713.43K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.42M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.72M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.73M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$391.32K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$168.99K	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, 17,425,858 shares issued and outstanding (16,599,327 on December 31, 2017)	`CommonStockValue`	$348.52K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 17,425,858 shares issued and outstanding (16,599,327 on December 31, 2017)	`CommonStockValue`	$331.99K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$107.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$106.63M	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`	$-23.07K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.05K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-100.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-101.86M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.79M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.28M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$17.43M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$18.66M	USD	Annual
Total revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$18.52M	USD	Annual
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsAndServicesSold`	$11.01M	USD	Annual
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsAndServicesSold`	$11.85M	USD	Annual
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$80.00K	USD	3 Qtrs
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$6.47M	USD	Annual
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$7.09M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.28M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.41M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$20.22M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$18.89M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-1.71M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-225.86K	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$4.21K	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$8.63K	USD	Annual
Interest expense	`InterestExpense`	$144.82K	USD	Annual
Interest expense	`InterestExpense`	$223.32K	USD	Annual
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$154.14K	USD	Annual
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$46.25K	USD	Annual
Impairment of investment	`ImpairmentOfInvestment`	-	USD	Annual
Impairment of investment	`ImpairmentOfInvestment`	$-160.00K	USD	Annual
Gain on extinguishment of liabilities, net	`GainsLossesOnExtinguishmentOfDebt`	$3.53M	USD	Annual
Gain on extinguishment of liabilities, net	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-599.12K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.48M	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$16.59K	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-20.96K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-578.16K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$1.46M	USD	Annual
Interest rate swap gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$22.27K	USD	Annual
Interest rate swap gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$16.02K	USD	Annual
Comprehensive income (loss):	`ComprehensiveIncomeNetOfTax`	$-555.88K	USD	Annual
Comprehensive income (loss):	`ComprehensiveIncomeNetOfTax`	$1.48M	USD	Annual
Income (loss) per common share: Basic	`EarningsPerShareBasic`	$0.09	USD	Annual
Income (loss) per common share: Basic	`EarningsPerShareBasic`	$-0.04	USD	Annual
Income (loss) per common share: Diluted	`EarningsPerShareDiluted`	$-0.04	USD	Annual
Income (loss) per common share: Diluted	`EarningsPerShareDiluted`	$0.09	USD	Annual
Shares used in computing income (loss) per common share: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.42M	shares	Annual
Shares used in computing income (loss) per common share: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	16.72M	shares	Annual
Shares used in computing income (loss) per common share: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.42M	shares	Annual
Shares used in computing income (loss) per common share: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.93M	shares	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-578.16K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$1.46M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.28M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.41M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$214.86K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$131.73K	USD	Annual
Paid in-kind interest	`PaidInKindInterest`	$12.00K	USD	Annual
Paid in-kind interest	`PaidInKindInterest`	$72.00K	USD	Annual
Change in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$-80.36K	USD	Annual
Change in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$-9.67K	USD	Annual
Amortization of deferred financing costs and debt discount	`AmortizationOfDeferredCharges`	$154.14K	USD	Annual
Amortization of deferred financing costs and debt discount	`AmortizationOfDeferredCharges`	$46.25K	USD	Annual
Gain on settlement of legal expenses	`GainLossRelatedToLitigationSettlement`	-	USD	Annual
Gain on settlement of legal expenses	`GainLossRelatedToLitigationSettlement`	$219.36K	USD	Annual
Gain on extinguishment of liabilities, net	`GainsLossesOnExtinguishmentOfDebt`	$3.53M	USD	Annual
Gain on extinguishment of liabilities, net	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Impairment of investment	`ImpairmentOfInvestment`	-	USD	Annual
Impairment of investment	`ImpairmentOfInvestment`	$-160.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$134.30K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$192.59K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-87.65K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$444.87K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-51.41K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$31.20K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$618.84K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-893.43K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-113.79K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-60.79K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-944.83K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.33M	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.29M	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.38M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.00M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$958.82K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$100.14K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$11.55K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-970.37K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.10M	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$1.19M	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$818.33K	USD	Annual
Borrowings from equipment lines of credit, net	`ProceedsFromLongTermLinesOfCredit`	$502.15K	USD	Annual
Borrowings from equipment lines of credit, net	`ProceedsFromLongTermLinesOfCredit`	$522.00K	USD	Annual
Issuances of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$887.75K	USD	Annual
Issuances of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$951.12K	USD	Annual
Receipt of subscription receivable, net of issuance costs	`ReceiptOfSubscriptionReceivableNetOfIssuanceCosts`	-	USD	Annual
Receipt of subscription receivable, net of issuance costs	`ReceiptOfSubscriptionReceivableNetOfIssuanceCosts`	$288.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$654.79K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$489.83K	USD	Annual
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.60M	USD	Annual
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.00M	USD	Annual
Cash and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.45M	USD	Point-in-time
Cash and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.05M	USD	Point-in-time
Cash and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.44M	USD	Point-in-time
Cash and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.45M	USD	Point-in-time
Cash and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.05M	USD	Point-in-time
Cash and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.44M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$7.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.79M	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$1.84M	USD	Annual
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$1.18M	USD	Annual
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$214.86K	USD	Annual
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$131.73K	USD	Annual
Other comprehensive gain	`OtherComprehensiveIncomeLossBeforeTax`	$22.27K	USD	Annual
Other comprehensive gain	`OtherComprehensiveIncomeLossBeforeTax`	$16.02K	USD	Annual
Net loss/income	`NetIncomeLoss`	$-578.16K	USD	Annual
Net loss/income	`NetIncomeLoss`	$1.46M	USD	Annual
Balance	`StockholdersEquity`	$7.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.79M	USD	Point-in-time

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