10-Q Filing

DSS, INC. CIK: 771999 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-19-007081`
Period End Date	20190331
Filing Date	20190514
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	dss-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 32 Cash Flow Statement 50 Stockholders Equity 16

Balance Sheet 75 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`	$1.34M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.19M	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`	$3.73M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.43M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$130.33K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$256.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$555.83K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$109.89K	USD	Point-in-time
Accounts receivable, net of $50,000 allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$2.22M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	17.43M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.00M	shares	Point-in-time
Accounts receivable, net of $50,000 allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$2.50M	USD	Point-in-time
Inventory	`InventoryNet`	$1.56M	USD	Point-in-time
Inventory	`InventoryNet`	$1.35M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$309.22K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$285.58K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.52M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.02M	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`	$324.93K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$90.32K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$90.32K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.40M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	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`	$881.41K	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.29M	USD	Point-in-time
Total assets	`Assets`	$15.28M	USD	Point-in-time
Total assets	`Assets`	$16.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.25M	USD	Point-in-time
Accrued expenses and deferred revenue	`OtherAccruedLiabilitiesCurrent`	$965.65K	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`	$1.85M	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$698.37K	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$713.43K	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$360.84K	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.12M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.68M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.72M	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.06M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$350.91K	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`	$168.99K	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 18,002,721 shares issued and outstanding (17,425,858 on December 31, 2018)	`CommonStockValue`	$348.52K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 18,002,721 shares issued and outstanding (17,425,858 on December 31, 2018)	`CommonStockValue`	$360.05K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$108.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$107.62M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.83K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.05K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-100.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-100.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.57M	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 stockholders' equity	`StockholdersEquity`	$7.79M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$16.17M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.28M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$4.81M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$4.38M	USD	1 Quarter
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsAndServicesSold`	$3.16M	USD	1 Quarter
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsAndServicesSold`	$2.58M	USD	1 Quarter
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$1.78M	USD	1 Quarter
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$1.78M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$294.41K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$345.67K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$5.23M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$4.71M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-421.85K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-332.30K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$3.07K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$1.67K	USD	1 Quarter
Interest expense	`InterestExpense`	$29.66K	USD	1 Quarter
Interest expense	`InterestExpense`	$49.14K	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$600.00	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$27.73K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-406.09K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-450.45K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-406.09K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-450.45K	USD	1 Quarter
Interest rate swap (loss) gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-778.00	USD	1 Quarter
Interest rate swap (loss) gain	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$14.89K	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-451.23K	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-391.20K	USD	1 Quarter
Loss per common share: Basic and diluted	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Loss per common share: Basic and diluted	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Shares used in computing loss per common share: Basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.49M	shares	1 Quarter
Shares used in computing loss per common share: Basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.60M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-406.09K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-450.45K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$294.41K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$345.67K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$30.70K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$1.25K	USD	1 Quarter
Paid in-kind interest	`PaidInKindInterest`	$12.00K	USD	1 Quarter
Paid in-kind interest	`PaidInKindInterest`	-	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfDeferredCharges`	$600.00	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfDeferredCharges`	$27.73K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.69K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$277.95K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-217.93K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-51.70K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-720.00	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-13.33K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-100.69K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$188.79K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-103.93K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-213.37K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-249.59K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-378.18K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-93.45K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-876.29K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$210.94K	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`	$350.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-560.95K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-148.72K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$57.31K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$206.54K	USD	1 Quarter
Borrowings from convertible note	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Borrowings from convertible note	`ProceedsFromConvertibleDebt`	$500.00K	USD	1 Quarter
Issuances of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$-6.79K	USD	1 Quarter
Issuances of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Receipt of subscription receivable, net of issuance costs	`ReceiptOfSubscriptionReceivableNetOfIssuanceCosts`	-	USD	1 Quarter
Receipt of subscription receivable, net of issuance costs	`ReceiptOfSubscriptionReceivableNetOfIssuanceCosts`	$288.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$435.90K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$81.46K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-160.71K	USD	1 Quarter
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.45M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.44M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.45M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.28M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.45M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.44M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.45M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.28M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$7.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.79M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.68M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.79M	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$288.00K	USD	1 Quarter
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$637.99K	USD	1 Quarter
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$30.70K	USD	1 Quarter
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.25K	USD	1 Quarter
Other comprehensive gain	`OtherComprehensiveIncomeLossBeforeTax`	$14.89K	USD	1 Quarter
Other comprehensive gain	`OtherComprehensiveIncomeLossBeforeTax`	$-778.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-406.09K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-450.45K	USD	1 Quarter
Balance	`StockholdersEquity`	$7.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.79M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.68M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.79M	USD	Point-in-time

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