2013 Q2 Form 10-Q Financial Statement

#000114420413029276 Filed on May 15, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2013 Q1 2012 Q1
Revenue $4.279M $3.770M $3.843M
YoY Change 16.94% -1.88% 43.11%
Cost Of Revenue $2.653M $2.315M $2.592M
YoY Change 14.12% -10.7% 48.06%
Gross Profit $1.626M $1.456M $1.251M
YoY Change 21.86% 16.39% 33.83%
Gross Profit Margin 38.0% 38.61% 32.54%
Selling, General & Admin $3.338M $2.409M $1.798M
YoY Change 70.32% 33.96% 18.68%
% of Gross Profit 205.23% 165.5% 143.8%
Research & Development $61.80K $59.06K $147.7K
YoY Change -72.34% -60.01% 187.95%
% of Gross Profit 3.8% 4.06% 11.81%
Depreciation & Amortization $220.0K $230.0K $190.0K
YoY Change 10.0% 21.05% 5.56%
% of Gross Profit 13.53% 15.8% 15.19%
Operating Expenses $6.108M $4.842M $2.022M
YoY Change 170.36% 139.48% 23.41%
Operating Profit -$1.828M -$1.072M -$771.5K
YoY Change 97.78% 38.93% 9.58%
Interest Expense $49.55K $43.97K $70.93K
YoY Change -9.37% -38.02% 41.99%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.921M -$1.127M -$1.069M
YoY Change 93.97% 5.41% 171.96%
Income Tax $4.737K $4.737K $4.737K
% Of Pretax Income
Net Earnings -$1.925M -$1.132M -$1.074M
YoY Change 93.52% 5.38% 169.92%
Net Earnings / Revenue -45.0% -30.01% -27.94%
Basic Earnings Per Share -$0.05
Diluted Earnings Per Share -$355.4K -$0.05 -$213.1K
COMMON SHARES
Basic Shares Outstanding 12.16M shares 21.71M shares
Diluted Shares Outstanding 21.71M shares

Balance Sheet

Concept 2013 Q2 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $560.0K $1.200M $2.770M
YoY Change -63.16% -56.68% 1.84%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $330.0K $380.0K $350.0K
YoY Change -2.94% 8.57% 25.0%
Inventory $815.2K $869.6K $718.7K
Prepaid Expenses
Receivables $2.118M $1.808M $1.496M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.817M $4.257M $5.330M
YoY Change -10.44% -20.13% -5.67%
LONG-TERM ASSETS
Property, Plant & Equipment $4.217M $3.600M $3.952M
YoY Change 8.51% -8.9% 61.98%
Goodwill $3.323M $3.323M $3.323M
YoY Change 0.0% 0.0%
Intangibles $1.737M $1.769M $1.967M
YoY Change -13.06% -10.1%
Long-Term Investments
YoY Change
Other Assets $222.6K $232.8K $239.5K
YoY Change -4.89% -2.79% -27.42%
Total Long-Term Assets $9.500M $8.925M $9.481M
YoY Change 0.62% -5.87% 24.26%
TOTAL ASSETS
Total Short-Term Assets $3.817M $4.257M $5.330M
Total Long-Term Assets $9.500M $8.925M $9.481M
Total Assets $13.32M $13.18M $14.81M
YoY Change -2.82% -11.0% 11.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.389M $1.444M $1.441M
YoY Change -13.32% 0.18% 8.35%
Accrued Expenses $1.470M $1.260M $1.280M
YoY Change 51.55% -1.56% 21.9%
Deferred Revenue
YoY Change
Short-Term Debt $786.3K $0.00 $790.0K
YoY Change 2.12% -100.0% 113.51%
Long-Term Debt Due $333.7K $908.7K $333.1K
YoY Change 0.2% 172.83% -65.66%
Total Short-Term Liabilities $4.053M $3.616M $3.927M
YoY Change 8.97% -7.9% 5.55%
LONG-TERM LIABILITIES
Long-Term Debt $2.013M $1.411M $2.276M
YoY Change -8.66% -37.99% 44.96%
Other Long-Term Liabilities $51.78K $108.7K $88.05K
YoY Change -61.12% 23.47%
Total Long-Term Liabilities $2.065M $1.520M $2.364M
YoY Change -11.65% -35.7% 50.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.053M $3.616M $3.927M
Total Long-Term Liabilities $2.065M $1.520M $2.364M
Total Liabilities $6.118M $5.136M $6.290M
YoY Change 1.01% -18.35% 16.71%
SHAREHOLDERS EQUITY
Retained Earnings -$50.51M -$48.59M -$44.25M
YoY Change 11.65% 9.81%
Common Stock $57.63M $56.61M $52.74M
YoY Change 8.92% 7.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.062M $7.913M $8.408M
YoY Change
Total Liabilities & Shareholders Equity $13.32M $13.18M $14.81M
YoY Change -2.82% -11.01% 11.53%

Cashflow Statement

Concept 2013 Q2 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income -$1.925M -$1.132M -$1.074M
YoY Change 93.52% 5.38% 169.92%
Depreciation, Depletion And Amortization $220.0K $230.0K $190.0K
YoY Change 10.0% 21.05% 5.56%
Cash From Operating Activities -$590.0K -$347.3K -$495.1K
YoY Change -36.56% -29.85% -44.79%
INVESTING ACTIVITIES
Capital Expenditures -$110.0K $17.53K $49.48K
YoY Change -31.25% -64.58% 997.36%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$110.0K -$17.53K -$49.48K
YoY Change -31.25% -64.58% 264.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $83.39K $102.6K
YoY Change -18.75% 36.84%
Cash From Financing Activities 70.00K -$326.3K $2.596M
YoY Change -143.75% -112.57% -670.25%
NET CHANGE
Cash From Operating Activities -590.0K -$347.3K -$495.1K
Cash From Investing Activities -110.0K -$17.53K -$49.48K
Cash From Financing Activities 70.00K -$326.3K $2.596M
Net Change In Cash -630.0K -$691.2K $2.052M
YoY Change -49.6% -133.69% -250.23%
FREE CASH FLOW
Cash From Operating Activities -$590.0K -$347.3K -$495.1K
Capital Expenditures -$110.0K $17.53K $49.48K
Free Cash Flow -$480.0K -$364.9K -$544.6K
YoY Change -37.66% -33.0% -39.58%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q1 dei Amendment Flag
AmendmentFlag
false
CY2013Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
CY2013Q1 dei Document Type
DocumentType
10-Q
CY2013Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000771999
CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
12160014 shares
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
DOCUMENT SECURITY SYSTEMS INC
CY2013Q1 dei Trading Symbol
TradingSymbol
dss
CY2013Q1 dss Employee Service Share Based Compensation Nonvested Awards Amount Excluded From Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsAmountExcludedFromTotalCompensationCostNotYetRecognized
536000 USD
CY2013Q1 dss Merger Termination Fee Consideration Percentage
MergerTerminationFeeConsiderationPercentage
0.05 pure
CY2013Q1 dss Percentage Litigation Settlement Gross
PercentageLitigationSettlementGross
0.33 pure
CY2013Q1 dss Proceeds From Issuance Of Common Stock Net Of Expenses
ProceedsFromIssuanceOfCommonStockNetOfExpenses
USD
CY2012Q1 dss Proceeds From Issuance Of Common Stock Net Of Expenses
ProceedsFromIssuanceOfCommonStockNetOfExpenses
2837636 USD
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1071823 USD
CY2013Q1 dss Share Based Compensation Expense Per Share
ShareBasedCompensationExpensePerShare
0.02
CY2012Q1 dss Share Based Compensation Expense Per Share
ShareBasedCompensationExpensePerShare
0.01
CY2013Q1 dss Stock Issued During Period Of Stock And Warrants For Services Or Claims
StockIssuedDuringPeriodOfStockAndWarrantsForServicesOrClaims
USD
CY2012Q1 dss Stock Issued During Period Of Stock And Warrants For Services Or Claims
StockIssuedDuringPeriodOfStockAndWarrantsForServicesOrClaims
248000 USD
CY2013Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
1443636 USD
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1417460 USD
CY2013Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1807945 USD
CY2012Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2123019 USD
CY2013Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-108714 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-127883 USD
CY2013Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
56174366 USD
CY2012Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
55872917 USD
CY2013Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33000 USD
CY2013Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
60000 USD
CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
60000 USD
CY2013Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
11058 USD
CY2012Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
226642 USD
CY2013Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
84126 USD
CY2012Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
76026 USD
CY2013Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4371534 shares
CY2012Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4293191 shares
CY2013Q1 us-gaap Assets
Assets
13181295 USD
CY2012Q4 us-gaap Assets
Assets
14250468 USD
CY2012Q1 us-gaap Assets
Assets
14811000 USD
CY2013Q1 us-gaap Assets Current
AssetsCurrent
4256690 USD
CY2012Q4 us-gaap Assets Current
AssetsCurrent
5118269 USD
CY2013Q1 us-gaap Cash
Cash
1195968 USD
CY2012Q4 us-gaap Cash
Cash
1887163 USD
CY2012Q1 us-gaap Cash
Cash
2769351 USD
CY2011Q4 us-gaap Cash
Cash
717679 USD
CY2013Q1 us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
-691195 USD
CY2012Q1 us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
2051672 USD
CY2013Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.02
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.02
CY2013Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2013Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21709488 shares
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21705969 shares
CY2013Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21709488 shares
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21705969 shares
CY2013Q1 us-gaap Common Stock Value
CommonStockValue
434189 USD
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
434118 USD
CY2013Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1112416 USD
CY2012Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1051133 USD
CY2013Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="TEXT-ALIGN: justify; FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in"> <strong><em>Concentration of Credit Risk -</em></strong> <font style="COLOR: black">The Company maintains its cash in bank deposit accounts, which at times may exceed federally insured limits.&nbsp; The Company believes it is not exposed to any significant credit risk as a result of any non-performance by the financial institutions. During the three months ended March 31, 2013 and 2012, one customer accounted for 16% and 33%, respectively, of the Company&#39;s consolidated revenue. As of March 31, 2013 and 2012, this customer accounted for 3% and 29%, respectively, of the Company&#39;s trade accounts receivable balance. The risk with respect to trade receivables is mitigated by credit evaluations we perform on our customers, the short duration of our payment terms for the significant majority of our customer contracts and by the diversification of our customer base.</font></p> <!--EndFragment--></div> </div>
CY2013Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
1189930 USD
CY2012Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
1630482 USD
CY2013Q1 us-gaap Cost Of Other Manufactured Products
CostOfOtherManufacturedProducts
509248 USD
CY2012Q1 us-gaap Cost Of Other Manufactured Products
CostOfOtherManufacturedProducts
399871 USD
CY2013Q1 us-gaap Cost Of Revenue
CostOfRevenue
2314864 USD
CY2012Q1 us-gaap Cost Of Revenue
CostOfRevenue
2592252 USD
CY2013Q1 us-gaap Cost Of Services
CostOfServices
533594 USD
CY2012Q1 us-gaap Cost Of Services
CostOfServices
506708 USD
CY2013Q1 us-gaap Cost Of Services Licenses And Services
CostOfServicesLicensesAndServices
82092 USD
CY2012Q1 us-gaap Cost Of Services Licenses And Services
CostOfServicesLicensesAndServices
55191 USD
CY2013Q1 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
USD
CY2012Q1 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
580000 USD
CY2013Q1 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
USD
CY2012Q1 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
216000 USD
CY2013Q1 us-gaap Debt Instrument Convertible Conversion Ratio
DebtInstrumentConvertibleConversionRatio
0.881 pure
CY2013Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
591000 USD
CY2012Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
565000 USD
CY2013Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
33000 USD
CY2012Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
44000 USD
CY2013Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4737 USD
CY2012Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4734 USD
CY2013Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
132412 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
127675 USD
CY2013Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
225121 USD
CY2012Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
192942 USD
CY2013Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.05
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.05
CY2013Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
859000 USD
CY2013Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y
CY2013Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
109000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1593463 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1509337 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
314000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
176000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
189000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
227000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
314000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3362014 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3362014 USD
CY2013Q1 us-gaap Goodwill
Goodwill
3322799 USD
CY2012Q4 us-gaap Goodwill
Goodwill
3322799 USD
CY2013Q1 us-gaap Gross Profit
GrossProfit
1455590 USD
CY2012Q1 us-gaap Gross Profit
GrossProfit
1250569 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1126848 USD
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1069038 USD
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4737 USD
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4737 USD
CY2013Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
26176 USD
CY2012Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-225947 USD
CY2013Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-315074 USD
CY2012Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-99672 USD
CY2013Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
45258 USD
CY2012Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
135506 USD
CY2013Q1 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
19169 USD
CY2012Q1 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
22642 USD
CY2013Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
51886 USD
CY2012Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-64765 USD
CY2013Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
131885 USD
CY2012Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
18133 USD
CY2013Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1768551 USD
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1852677 USD
CY2013Q1 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
108714 USD
CY2012Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
127883 USD
CY2013Q1 us-gaap Interest Expense
InterestExpense
43967 USD
CY2012Q1 us-gaap Interest Expense
InterestExpense
70932 USD
CY2013Q1 us-gaap Interest Paid
InterestPaid
44000 USD
CY2012Q1 us-gaap Interest Paid
InterestPaid
71000 USD
CY2013Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
483242 USD
CY2012Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
270776 USD
CY2013Q1 us-gaap Inventory Net
InventoryNet
869571 USD
CY2012Q4 us-gaap Inventory Net
InventoryNet
817685 USD
CY2013Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
263303 USD
CY2012Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
445215 USD
CY2013Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
123026 USD
CY2012Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
101694 USD
CY2013Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13181295 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
14250468 USD
CY2013Q1 us-gaap Liabilities Current
LiabilitiesCurrent
3616172 USD
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3787688 USD
CY2013Q1 us-gaap License And Services Revenue
LicenseAndServicesRevenue
491111 USD
CY2012Q1 us-gaap License And Services Revenue
LicenseAndServicesRevenue
397616 USD
CY2013Q1 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
USD
CY2012Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
238240 USD
CY2013Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
908744 USD
CY2012Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
908744 USD
CY2013Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1411347 USD
CY2012Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1483676 USD
CY2005Q2 us-gaap Loss Contingency Accrual Carrying Value Payments
LossContingencyAccrualCarryingValuePayments
150000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-326337 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2596265 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-17527 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-49480 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-347331 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-495113 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
-1131585 USD
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-1073775 USD
CY2013Q1 us-gaap Operating Expenses
OperatingExpenses
2527413 USD
CY2012Q1 us-gaap Operating Expenses
OperatingExpenses
2022033 USD
CY2013Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
383206 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
290402 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
19169 USD
CY2012Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
22642 USD
CY2013Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
108714 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
127883 USD
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17527 USD
CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
49480 USD
CY2013Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="TEXT-ALIGN: justify; FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in"> <strong><em>Reclassifications</em></strong> - Certain prior year amounts have been reclassified to conform to the current year presentation.</p> <!--EndFragment--></div> </div>
CY2013Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-238240 USD
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-771464 USD
CY2013Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1263792 USD
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1223244 USD
CY2013Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
232815 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
232815 USD
CY2012Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
29446 USD
CY2013Q1 us-gaap Professional Fees
ProfessionalFees
47000 USD
CY2013Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3600440 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3723908 USD
CY2013Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
4710 USD
CY2012Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
18188 USD
CY2013Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
83387 USD
CY2012Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
102629 USD
CY2013Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
USD
CY2012Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
150000 USD
CY2013Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
59059 USD
CY2012Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
147697 USD
CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-48587191 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-47455606 USD
CY2013Q1 us-gaap Revenue Other Manufactured Products
RevenueOtherManufacturedProducts
828408 USD
CY2012Q1 us-gaap Revenue Other Manufactured Products
RevenueOtherManufacturedProducts
680182 USD
CY2013Q1 us-gaap Revenues
Revenues
3770454 USD
CY2012Q1 us-gaap Revenues
Revenues
3842821 USD
CY2013Q1 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
157000 USD
CY2012Q1 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
143000 USD
CY2013Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1552111 USD
CY2012Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2095395 USD
CY2013Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
898824 USD
CY2012Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
669628 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2384228 USD
CY2012Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1798310 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
340601 USD
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
98481 USD
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.8
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
28750 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
80000 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
34000 USD
CY2013Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.51
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
7912650 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
8723546 USD
CY2013Q1 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
4859894 shares
CY2013Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
29000 USD
CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21708550 shares
CY2012Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20074170 shares

Files In Submission

Name View Source Status
0001144204-13-029276-index-headers.html Edgar Link pending
0001144204-13-029276-index.html Edgar Link pending
0001144204-13-029276.txt Edgar Link pending
0001144204-13-029276-xbrl.zip Edgar Link pending
dss-20130331.xml Edgar Link completed
dss-20130331.xsd Edgar Link pending
dss-20130331_cal.xml Edgar Link unprocessable
dss-20130331_def.xml Edgar Link unprocessable
dss-20130331_lab.xml Edgar Link unprocessable
dss-20130331_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tlogo.jpg Edgar Link pending
v343848_10q.htm Edgar Link pending
v343848_ex31-1.htm Edgar Link pending
v343848_ex31-2.htm Edgar Link pending
v343848_ex32-1.htm Edgar Link pending
v343848_ex32-2.htm Edgar Link pending