10-Q Filing

DSS, INC. CIK: 771999 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-20-008799`
Period End Date	20200331
Filing Date	20200514
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	dss-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 44 Cash Flow Statement 60 Stockholders Equity 19

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts, accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.00K	USD	Point-in-time
Allowance for doubtful accounts, accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$41.00K	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`	$1.10M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Accounts receivable, net of $2,000 and $41,000 respectively allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$4.21M	USD	Point-in-time
Accounts receivable, net of $2,000 and $41,000 respectively allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$3.58M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.07M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.21M	shares	Point-in-time
Inventory	`InventoryNet`	$1.74M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.21M	shares	Point-in-time
Inventory	`InventoryNet`	$1.71M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.07M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$514.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$460.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.48M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.06M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.92M	USD	Point-in-time
Investment	`LongTermInvestments`	$2.15M	USD	Point-in-time
Investment	`LongTermInvestments`	$2.15M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	-	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$570.00K	USD	Point-in-time
Notes receivable	`LongTermInvestmentsAndReceivablesNet`	$1.25M	USD	Point-in-time
Notes receivable	`LongTermInvestmentsAndReceivablesNet`	$793.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$50.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.00K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.12M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.22M	USD	Point-in-time
Goodwill	`Goodwill`	$2.45M	USD	Point-in-time
Goodwill	`Goodwill`	$1.77M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$935.00K	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$816.00K	USD	Point-in-time
Total assets	`Assets`	$20.15M	USD	Point-in-time
Total assets	`Assets`	$22.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.49M	USD	Point-in-time
Accrued expenses and deferred revenue	`AccruedExpensesAndDeferredRevenueCurrent`	$936.00K	USD	Point-in-time
Accrued expenses and deferred revenue	`AccruedExpensesAndDeferredRevenueCurrent`	$706.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$390.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$390.00K	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$500.00K	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$800.00K	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$369.00K	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$397.00K	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$441.00K	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$403.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.16M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.31M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.43M	USD	Point-in-time
Long term lease liability	`OperatingLeaseLiabilityNoncurrent`	$750.00K	USD	Point-in-time
Long term lease liability	`OperatingLeaseLiabilityNoncurrent`	$826.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$507.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$507.00K	USD	Point-in-time
Deferred tax liability, net	`DeferredIncomeTaxLiabilitiesNet`	$44.00K	USD	Point-in-time
Deferred tax liability, net	`DeferredIncomeTaxLiabilitiesNet`	$44.00K	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, 2,069,000 shares issued and outstanding (1,206,000 on December 31, 2019)	`CommonStockValue`	$24.00K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 2,069,000 shares issued and outstanding (1,206,000 on December 31, 2019)	`CommonStockValue`	$42.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$119.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$115.56M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$-67.00K	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-105.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-103.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$14.42M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.79M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.57M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.30M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.15M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.81M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.00M	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`	$3.27M	USD	1 Quarter
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$2.64M	USD	1 Quarter
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$1.78M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$360.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$294.00K	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	$685.00K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$6.96M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$5.23M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.96M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-422.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$24.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$2.00K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$39.00K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$30.00K	USD	1 Quarter
Gain on marketable securities	`GainOnMarketableSecurities`	-	USD	1 Quarter
Gain on marketable securities	`GainOnMarketableSecurities`	$4.00K	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$1.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.97M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-451.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-451.00K	USD	1 Quarter
Add: loss attributed to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$67.00K	USD	1 Quarter
Add: loss attributed to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net loss to common stockholders	`NonoperatingGainsLosses`	$-1.90M	USD	1 Quarter
Net loss to common stockholders	`NonoperatingGainsLosses`	$-451.00K	USD	1 Quarter
Interest rate swap loss	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Interest rate swap loss	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.00K	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-452.00K	USD	1 Quarter
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-1.97M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-1.23	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.77	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-1.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.77	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	583,158.00	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.54M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	583,158.00	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.54M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-451.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$360.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$294.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$31.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$90.00K	USD	1 Quarter
Unrealized gain on investment	`UnrealizedGainLossOnInvestments`	$4.00K	USD	1 Quarter
Unrealized gain on investment	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfDeferredCharges`	-	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfDeferredCharges`	$1.00K	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	$685.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-630.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$278.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-218.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$35.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$54.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOperatingAssets`	$4.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOperatingAssets`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-101.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-167.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-213.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-378.00K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-469.00K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-876.00K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$105.00K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$211.00K	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$566.00K	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	-	USD	1 Quarter
Note receivable investment	`PaymentsToAcquireNotesReceivable`	-	USD	1 Quarter
Note receivable investment	`PaymentsToAcquireNotesReceivable`	$462.00K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$350.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-561.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.13M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$57.00K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$121.00K	USD	1 Quarter
Borrowings of long-term debt	`ProceedsFromLinesOfCredit`	$200.00K	USD	1 Quarter
Borrowings of long-term debt	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Borrowings from revolving lines of credit, net	`ProceedsFromLongTermLinesOfCredit`	-	USD	1 Quarter
Borrowings from revolving lines of credit, net	`ProceedsFromLongTermLinesOfCredit`	$300.00K	USD	1 Quarter
Borrowings from convertible of note	`ProceedsFromConvertibleDebt`	$500.00K	USD	1 Quarter
Borrowings from convertible of note	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Issuances of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$-7.00K	USD	1 Quarter
Issuances of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$3.93M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$436.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.31M	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.71M	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.00M	USD	1 Quarter
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.45M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.10M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.80M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.45M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.45M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.10M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.80M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.45M	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$14.42M	USD	Point-in-time
Balance	`StockholdersEquity`	$12.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.79M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.57M	USD	Point-in-time
Balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$638.00K	USD	1 Quarter
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$4.05M	USD	1 Quarter
Issuance of common stock, net, shares	`StockIssuedDuringPeriodSharesNewIssues`	-	shares	1 Quarter
Issuance of common stock, net, shares	`StockIssuedDuringPeriodSharesNewIssues`	-	shares	1 Quarter
Stock based payments, net of tax effect	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$31.00K	USD	1 Quarter
Stock based payments, net of tax effect	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$28.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossBeforeTax`	$-1.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-451.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$14.42M	USD	Point-in-time
Balance	`StockholdersEquity`	$12.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.79M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.57M	USD	Point-in-time
Balance, shares	`SharesOutstanding`	-	shares	Point-in-time

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