2020 Q3 Form 10-K Financial Statement

#000106299320005782 Filed on November 18, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2020 2019 Q3
Revenue $1.030M $3.825M $980.0K
YoY Change 5.1% 0.41% 8.89%
Cost Of Revenue $80.00K $318.6K $310.0K
YoY Change -74.19% 2.77%
Gross Profit $950.0K $3.506M $670.0K
YoY Change 41.79% 0.2%
Gross Profit Margin 92.23% 91.67% 68.37%
Selling, General & Admin $360.0K $1.882M $210.0K
YoY Change 71.43% 12.07% -55.32%
% of Gross Profit 37.89% 53.69% 31.34%
Research & Development $380.0K $1.343M $310.0K
YoY Change 22.58% 17.67% 34.78%
% of Gross Profit 40.0% 38.31% 46.27%
Depreciation & Amortization $40.00K $140.0K $30.00K
YoY Change 33.33% 40.0% 0.0%
% of Gross Profit 4.21% 3.99% 4.48%
Operating Expenses $780.0K $3.361M $560.0K
YoY Change 39.29% 15.18% -23.29%
Operating Profit $170.0K $145.0K $110.0K
YoY Change 54.55% -75.05%
Interest Expense -$20.00K $20.00K $10.00K
YoY Change -300.0% -33.33%
% of Operating Profit -11.76% 13.8% 9.09%
Other Income/Expense, Net $0.00 $21.00 $0.00
YoY Change -99.15%
Pretax Income $160.0K $169.4K $110.0K
YoY Change 45.45% -72.26% -35.29%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $160.0K $169.4K $110.0K
YoY Change 45.45% -72.26% -35.29%
Net Earnings / Revenue 15.53% 4.43% 11.22%
Basic Earnings Per Share $0.02
Diluted Earnings Per Share $0.02 $0.02 $0.01
COMMON SHARES
Basic Shares Outstanding 10.45M shares 10.60M shares
Diluted Shares Outstanding 10.60M shares

Balance Sheet

Concept 2020 Q3 2020 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.620M $2.620M $2.890M
YoY Change -9.34% -9.34% 28.44%
Cash & Equivalents $1.841M $1.840M $2.512M
Short-Term Investments $780.0K $780.0K $380.0K
Other Short-Term Assets $80.00K $80.00K $80.00K
YoY Change 0.0% 0.0% 33.33%
Inventory
Prepaid Expenses $78.56K $77.07K
Receivables $426.8K $430.0K $332.3K
Other Receivables $26.08K $20.00K $14.24K
Total Short-Term Assets $3.154M $3.150M $3.316M
YoY Change -4.87% -5.12% 21.46%
LONG-TERM ASSETS
Property, Plant & Equipment $194.3K $600.0K $260.9K
YoY Change -25.54% 130.77% 63.07%
Goodwill
YoY Change
Intangibles $22.95K $24.70K
YoY Change -7.06%
Long-Term Investments
YoY Change
Other Assets $30.00K $30.00K $30.00K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Assets $655.5K $660.0K $319.3K
YoY Change 105.28% 106.25% 38.83%
TOTAL ASSETS
Total Short-Term Assets $3.154M $3.150M $3.316M
Total Long-Term Assets $655.5K $660.0K $319.3K
Total Assets $3.810M $3.810M $3.635M
YoY Change 4.81% 4.67% 22.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $119.4K $120.0K $132.5K
YoY Change -9.85% -7.69% -5.39%
Accrued Expenses $353.2K $590.0K $303.5K
YoY Change 16.4% 96.67% 31.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $730.5K $730.0K $506.1K
YoY Change 44.35% 43.14% 12.46%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $220.0K $220.0K
YoY Change
Total Long-Term Liabilities $220.0K $220.0K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $730.5K $730.0K $506.1K
Total Long-Term Liabilities $220.0K $220.0K $0.00
Total Liabilities $949.6K $950.0K $506.1K
YoY Change 87.64% 86.27% 12.46%
SHAREHOLDERS EQUITY
Retained Earnings -$6.171M -$6.340M
YoY Change -2.67%
Common Stock $10.45K $11.00K
YoY Change -5.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.860M $2.860M $3.129M
YoY Change
Total Liabilities & Shareholders Equity $3.810M $3.810M $3.635M
YoY Change 4.81% 4.67% 22.81%

Cashflow Statement

Concept 2020 Q3 2020 2019 Q3
OPERATING ACTIVITIES
Net Income $160.0K $169.4K $110.0K
YoY Change 45.45% -72.26% -35.29%
Depreciation, Depletion And Amortization $40.00K $140.0K $30.00K
YoY Change 33.33% 40.0% 0.0%
Cash From Operating Activities $500.0K $272.2K $200.0K
YoY Change 150.0% -66.17% -4.76%
INVESTING ACTIVITIES
Capital Expenditures $10.00K $64.07K $80.00K
YoY Change -87.5% -60.69% 700.0%
Acquisitions
YoY Change
Other Investing Activities $370.0K -$370.0K $1.130M
YoY Change -67.26% -149.33% -195.76%
Cash From Investing Activities $370.0K -$433.9K $1.050M
YoY Change -64.76% -173.33% -188.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $533.2K
YoY Change 26494.66%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -$533.2K 0.000
YoY Change 26494.66%
NET CHANGE
Cash From Operating Activities 500.0K $272.2K 200.0K
Cash From Investing Activities 370.0K -$433.9K 1.050M
Cash From Financing Activities 0.000 -$533.2K 0.000
Net Change In Cash 870.0K -$670.8K 1.250M
YoY Change -30.4% -148.12% -228.87%
FREE CASH FLOW
Cash From Operating Activities $500.0K $272.2K $200.0K
Capital Expenditures $10.00K $64.07K $80.00K
Free Cash Flow $490.0K $208.1K $120.0K
YoY Change 308.33% -67.56% -40.0%

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<p style="text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>1. ORGANIZATION</strong></span></span></p><p style="text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Destiny Media Technologies Inc. (the &#x201c;Company&#x201d;) was incorporated in August 1998 under the laws of the State of Colorado and the corporate jurisdiction was changed to Nevada effective October 8, 2014. The Company develops technologies that allow for the distribution over the internet of digital media files in either a streaming or digital download format. The technologies are proprietary. The Company operates out of Vancouver, BC, Canada and serves customers predominantly located in the United States, Europe and Australia.</span></span></p><p style="text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The Company&#x2019;s stock is listed for trading under the symbol &#x201c;DSNY&#x201d; on the OTCQB U.S. in the United States, under the symbol &#x201c;DSY&#x201d; on the TSX Venture Exchange and under the symbol &#x201c;DME&#x201d; on the Berlin, Frankfurt, Xetra and Stuttgart exchanges in Germany.</span></span></p>
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><strong>Use of estimates</strong></span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>The preparation of financial statements in accordance with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements and the reported amounts of net revenue and expenses in the reporting periods. We regularly evaluate estimates and assumptions related to revenue recognition, estimated useful lives for property and equipment, allowances for doubtful accounts, stock-based compensation expense, deferred income tax asset valuation allowances, uncertain tax positions, litigation and other loss contingencies. These estimates and assumptions are based on current facts, historical experience and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the recording of revenue, costs and expenses that are not readily apparent from other sources. The actual results we experience may differ materially and adversely from our original estimates. To the extent there are material differences between the estimates and actual results, our future results of operations will be affected.</span></span></span></span></p></div>
CY2020 us-gaap Revenue Recognition Allowances
RevenueRecognitionAllowances
<div><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><strong>Revenue recognition</strong></span></span></span></span></p><p style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">The Company's revenue is derived from software as a service (SaaS) arrangements. The Company accounts for revenue in accordance with ASC 606, which the Company adopted on September 1, 2018 using the modified retrospective method.</span></span></p><p style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif">&#160;</p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>The core principle of ASC 606 is to recognize revenue upon the transfer of products or services to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. ASC 606 prescribes a five-step model for recognizing revenue from contracts with customers: (1) identify the contract(s) with customers; (2) identify the separate performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the separate performance obligations in the contract; and (5) recognize revenue when (or as) the performance obligations are satisfied.</span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>The Company applies the five-step model to recognize revenue as follows:</span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><i>Identification of the contract, or contracts, with the customer</i></span></span></span></span></p><p style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">The Company considers the terms and conditions of written contracts and its customary business practices in identifying its contracts under ASC 606. The Company determines that it has a contract with a customer when the contract is approved, the Company can identify each party's rights regarding the services to be transferred, the Company can identify the payment terms for the services, the Company has determined that the customer has the ability and intent to pay, and the contract has commercial substance. In general, contract terms will be reflected in a written document that is signed by both parties.</span></span></p><p style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif">&#160;</p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><i>Identification of the performance obligation in the contract</i></span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>Performance obligations are promises in a contract to transfer distinct products or services to a customer, and is the unit of account under ASC 606. </span></span>A contract's transaction price is allocated to each distinct performance obligation and revenue is recognized when the performance obligation is satisfied. A product or service is a distinct performance obligation if the customer can both benefit from the product or service either on its own or together with other resources that are readily available to the customer, and it is separately identifiable from other items within the context of the contract. Performance obligations are satisfied by transferring control of the product or service to the customer. Control of the product or service is transferred either at a point in time or over time depending on the performance obligation.</span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>To the extent a contract includes multiple promised services or products, the Company applies judgment to determine whether promised services or products are capable of being distinct and distinct in the context of the contract. If these criteria are not met, the promised services are accounted for as a combined performance obligation.</span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">The Company generates revenue primarily from usage fees for the Company's digital media distribution service. Usage fees are generally recognized as they are billed based on volume and size of distribution services provided in a given month. The Company's other performance obligations include maintenance services, email and phone support, and unspecified software updates released when, and if, available. Under the guidance of ASC 606, the Company has concluded that maintenance services and unspecified software upgrades are not distinct in the context of the Company's contracts because the Company's service is considered a multi-tenant software environment, and these activities represent a single combined performance obligation in connection with the Company's digital media distribution service, recognized at a point in time when the service is delivered to the customer.</span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>Support activities are considered a separate performance obligation which is satisfied over time; however, such activities are performed substantially concurrently with the satisfaction of digital media distribution services.</span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">From time to time, certain of the Company's contracts contain additional separate performance obligations, including specific enhancements and upgrades.</span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><i>Determination of the transaction price</i></span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>The transaction price is determined based on the consideration to which the Company expects to be entitled in exchange for providing services to the customer.</span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">Digital media distribution services may be subject to either fixed or variable pricing. Variable consideration is allocated entirely to distinct service periods when it can be tied to a single performance obligation. Variable consideration is estimated and included in the transaction price if, in the Company's judgment, it is probable that there will not be a significant future reversal of cumulative revenue under the contract. When variable consideration is contingent and cannot be tied to a single performance obligation performed in a particular billing period, the Company estimates contingent variable consideration using the most likely method and recognizes consideration to the extent that the estimate for variable consideration is not constrained pursuant to the guidance provided in ASU 606.</span></span></p><p style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">A significant financing component generally does not exist under the Company's standard contracting and billing practices.</span></span></p><p style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif">&#160;</p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><i>Allocation of the transaction price to the performance obligations in the contract</i></span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">If the contract contains a single combined performance obligation, the entire transaction price is allocated to the single combined performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on its standalone selling price ("SSP") in relation to the total fair value of all performance obligations in the arrangement. The majority of the Company's contracts contain two separate performance obligations that are performed concurrently. The Company allocates consideration to each performance obligation under the guidance of ASC 606 on a relative standalone selling price (SSP) basis. Where SSP is not directly observable, the Company determines the SSP using information that may include market conditions and other observable inputs.</span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>Consideration associated with support activities is estimated using a cost-plus reasonable margin approach, as there is no observable SSP.</span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>Consideration associated with specified enhancements and upgrades is estimated using a cost-plus reasonable margin approach, as there is no observable SSP.</span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><i>Recognition of revenue when, or as, the Company satisfies a performance obligation</i></span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>The Company recognizes revenue when the services are delivered to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. The Company is principally responsible for the satisfaction of its distinct performance obligations, which are satisfied either at a point in time or over a period of time.</span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><strong><i>Performance obligations satisfied at a point in time</i></strong></span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><i>Media distribution services</i></span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>Media distribution services comprise the majority of distinct performance obligations that are satisfied at a point in time, and revenue is recognized at the point in which the distribution service has been completed. Consideration for these services is typically billed in the same period that the service has been delivered to the customer.</span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><strong><i>Performance obligations satisfied over a period of time</i></strong></span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>Customer support activities comprise the majority of distinct performance obligations that are satisfied over a period of time.</span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">Revenue from support activities is recognized over an estimated support period since this activity is considered a 'stand-ready obligation'.&#160; This support period is substantially concurrent with the performance of media distribution services, as these services are performed substantially in conjunction with the related distribution. Any support activities provided outside of this billing period are not considered material.&#160;</span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>Revenue from specified enhancements and upgrades is recognized over an estimated performance period.</span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><strong><i>Contract Costs</i></strong></span></span></span></span></p><p style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">Contract costs consists of two components, customer acquisition costs and costs to fulfill a contract.</span></span></p><p style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">Customer acquisition costs are capitalized only if the costs are incrementally incurred to obtain a customer contract and may consist of sales commissions paid to sales personnel or third-party resellers. Generally, the Company does not incur any contract costs outside of the period that the related revenue is recognized.</span></span></p><p style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif;text-align:justify">&#160;</p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><strong><i>Contract Modifications</i></strong></span></span></span></span></p><p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>Contract modifications may create new, or change existing, enforceable rights and obligations of the parties to the contract. We generally modify an existing contract using an addendum or signed change order. A contract modification is accounted for as a new contract if it reflects an increase in scope that is regarded as distinct from the original contract and is priced in-line with the standalone selling price for the related product or services obligated. If a contract modification is not considered a new contract, the modification is combined with the original contract and the impact on the revenue recognition profile depends on whether the remaining products and services are distinct from the original contract. If the remaining goods or services are distinct from those in the original contract, all remaining performance obligations will be accounted for on a prospective basis with unrecognized consideration allocated to the remaining performance obligations. If the remaining goods or services are not distinct, the modification will be treated as if it were a part of the existing contract, and the effect that the contract modification has on the transaction price, and on our measure of progress toward satisfaction of the performance obligations, is recognized as an adjustment to revenue (either as an increase in or a reduction of revenue) at the date of the contract modification on a cumulative catch-up basis.</span></span></span></span></p></div>
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
30000 shares
CY2020 us-gaap Legal Fees
LegalFees
103073 USD
CY2019 us-gaap Legal Fees
LegalFees
59310 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
12017 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
210000 shares
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.52
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.24
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P4Y9M25D
CY2020 dsny Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageRemainingContractualTerm
P5Y
CY2020 us-gaap Advertising Expense
AdvertisingExpense
20260 USD
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
290000 shares
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y2M26D
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
290000 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
400000 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.94
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.35
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
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0 USD
CY2020 dsny Share Based Compensation Arrangement By Share Based Payment Award Options Granted Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedIntrinsicValue
0 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
40000 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
100000 shares
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2.00
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.46
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageRemainingContractTerm
P3Y21D
CY2019 dsny Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedIntrinsicValue
0 USD
CY2020 dsny Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Intrinsic Value
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0 USD
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
30000 shares
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.38
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PropertyPlantAndEquipmentGross
891073 USD
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630166 USD
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5:1
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550140 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
530000 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
130000 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
326250 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.95
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y5M26D
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrossWeightedAverageGrantDateFairValue
0.35
CY2020 dsny Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrossWeightedAverageGrantDateFairValue
0.49
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
6663 shares
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
13750 shares
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0.34
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0.49
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
116254 shares
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.42
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.40
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ShareBasedCompensationGeneralAndAdministrative
19850 USD
CY2019 dsny Share Based Compensation General And Administrative
ShareBasedCompensationGeneralAndAdministrative
25847 USD
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ShareBasedCompensationSalesAndMarketing
15166 USD
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ShareBasedCompensationSalesAndMarketing
7535 USD
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ShareBasedCompensationResearchAndDevelopment
13599 USD
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ShareBasedCompensationResearchAndDevelopment
8293 USD
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P3Y7D
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1.186 pure
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.753 pure
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0.010 pure
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.017 pure
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.49
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64480 USD
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61629 USD
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0.74
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1.16
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355022 shares
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P0Y9M18D
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
26250 shares
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
2.00
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0 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
196250 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.45
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y1M20D
CY2020Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
122917 shares
CY2020Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
203750 shares
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.35
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
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22500 shares
CY2020Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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67203 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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42658 USD
CY2020 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y4M28D
CY2019 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y1M6D
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.40
CY2020 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
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0.05 pure
CY2020 dsny Defined Contribution Plan Maximum Annual Contributions Per Director Amount
DefinedContributionPlanMaximumAnnualContributionsPerDirectorAmount
12500 USD
CY2020 dsny Defined Contribution Plan Maximum Annual Contributions For Directors Amount
DefinedContributionPlanMaximumAnnualContributionsForDirectorsAmount
25000 USD
CY2020 dsny Defined Contribution Plan Maximum Annual Contributions Amount
DefinedContributionPlanMaximumAnnualContributionsAmount
400000 USD
CY2018Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
0 shares
CY2020Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
0 shares
CY2019Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
0 shares
CY2018Q3 dsny Class Of Warrant Or Right Outstanding Weighted Average Exercise Price
ClassOfWarrantOrRightOutstandingWeightedAverageExercisePrice
0
CY2019Q3 dsny Class Of Warrant Or Right Outstanding Weighted Average Exercise Price
ClassOfWarrantOrRightOutstandingWeightedAverageExercisePrice
0
CY2020Q3 dsny Class Of Warrant Or Right Outstanding Weighted Average Exercise Price
ClassOfWarrantOrRightOutstandingWeightedAverageExercisePrice
0
CY2018Q3 dsny Class Of Warrant Or Right Outstanding Aggregate Intrinsic Value
ClassOfWarrantOrRightOutstandingAggregateIntrinsicValue
0
CY2020Q3 dsny Class Of Warrant Or Right Outstanding Aggregate Intrinsic Value
ClassOfWarrantOrRightOutstandingAggregateIntrinsicValue
0
CY2019Q3 dsny Class Of Warrant Or Right Outstanding Aggregate Intrinsic Value
ClassOfWarrantOrRightOutstandingAggregateIntrinsicValue
0
CY2020Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2019Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
36000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
128000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
2000 USD
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
31000 USD
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
47000 USD
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-250000 USD
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-73000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
164000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
246000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2020Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1132000 USD
CY2019Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
886000 USD
CY2020Q3 dsny Excess Of Book Over Tax Depreciation
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915000 USD
CY2019Q3 dsny Excess Of Book Over Tax Depreciation
ExcessOfBookOverTaxDepreciation
884000 USD
CY2020Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
900000 USD
CY2019Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
1013000 USD
CY2020Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2947000 USD
CY2019Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2783000 USD
CY2020Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2947000 USD
CY2019Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2783000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-369579 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-118503 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
538994 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
729281 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
2000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
17000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
11000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
0 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
361000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2020 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
0 USD
CY2019 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
0 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
169415 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
610778 USD
CY2020 dsny Lease Inducement
LeaseInducement
47607 USD
CY2020Q3 dsny Right Of Use Asset Net Of Lease Inducement
RightOfUseAssetNetOfLeaseInducement
624304 USD
CY2020 dsny Operating Leases Depreciation
OperatingLeasesDepreciation
213935 USD
CY2019 dsny Operating Leases Depreciation
OperatingLeasesDepreciation
0 USD
CY2020 dsny Right Of Use Assets Foreign Currency Translation Adjustment
RightOfUseAssetsForeignCurrencyTranslationAdjustment
6408 USD
CY2019 dsny Right Of Use Assets Foreign Currency Translation Adjustment
RightOfUseAssetsForeignCurrencyTranslationAdjustment
0 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
266278 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
227176 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
0 USD
CY2019 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
244992 USD

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