2014 Q2 Form 10-Q Financial Statement
#000114420414048889 Filed on August 12, 2014
Income Statement
Concept | 2014 Q2 | 2013 Q2 |
---|---|---|
Revenue | $4.883M | $4.279M |
YoY Change | 14.12% | 16.94% |
Cost Of Revenue | $3.197M | $2.653M |
YoY Change | 20.49% | 14.12% |
Gross Profit | $1.687M | $1.626M |
YoY Change | 3.72% | 21.86% |
Gross Profit Margin | 34.54% | 38.0% |
Selling, General & Admin | $2.614M | $3.338M |
YoY Change | -21.69% | 70.32% |
% of Gross Profit | 154.96% | 205.23% |
Research & Development | $110.0K | $61.80K |
YoY Change | 78.01% | -72.34% |
% of Gross Profit | 6.52% | 3.8% |
Depreciation & Amortization | $1.290M | $220.0K |
YoY Change | 486.36% | 10.0% |
% of Gross Profit | 76.48% | 13.53% |
Operating Expenses | $7.099M | $6.108M |
YoY Change | 16.23% | 170.36% |
Operating Profit | -$2.215M | -$1.828M |
YoY Change | 21.16% | 97.78% |
Interest Expense | $88.91K | $49.55K |
YoY Change | 79.43% | -9.37% |
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | -$2.339M | -$1.921M |
YoY Change | 21.76% | 93.97% |
Income Tax | $4.737K | $4.737K |
% Of Pretax Income | ||
Net Earnings | -$2.344M | -$1.925M |
YoY Change | 21.71% | 93.52% |
Net Earnings / Revenue | -47.99% | -45.0% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$222.6K | -$355.4K |
COMMON SHARES | ||
Basic Shares Outstanding | 49.50M shares | 12.16M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2014 Q2 | 2013 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.300M | $560.0K |
YoY Change | 132.14% | -63.16% |
Cash & Equivalents | ||
Short-Term Investments | ||
Other Short-Term Assets | $1.010M | $330.0K |
YoY Change | 206.06% | -2.94% |
Inventory | $919.7K | $815.2K |
Prepaid Expenses | ||
Receivables | $1.790M | $2.118M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $5.020M | $3.817M |
YoY Change | 31.51% | -10.44% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $5.226M | $4.217M |
YoY Change | 23.92% | 8.51% |
Goodwill | $15.05M | $3.323M |
YoY Change | 352.82% | 0.0% |
Intangibles | $28.49M | $1.737M |
YoY Change | 1540.07% | -13.06% |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $12.53M | $222.6K |
YoY Change | 5528.63% | -4.89% |
Total Long-Term Assets | $61.29M | $9.500M |
YoY Change | 545.17% | 0.62% |
TOTAL ASSETS | ||
Total Short-Term Assets | $5.020M | $3.817M |
Total Long-Term Assets | $61.29M | $9.500M |
Total Assets | $66.31M | $13.32M |
YoY Change | 397.93% | -2.82% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.455M | $1.389M |
YoY Change | 4.71% | -13.32% |
Accrued Expenses | $1.420M | $1.470M |
YoY Change | -3.4% | 51.55% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $850.0K | $786.3K |
YoY Change | 8.1% | 2.12% |
Long-Term Debt Due | $521.7K | $333.7K |
YoY Change | 56.32% | 0.2% |
Total Short-Term Liabilities | $4.243M | $4.053M |
YoY Change | 4.7% | 8.97% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $5.771M | $2.013M |
YoY Change | 186.7% | -8.66% |
Other Long-Term Liabilities | $361.8K | $51.78K |
YoY Change | 598.76% | -61.12% |
Total Long-Term Liabilities | $6.133M | $2.065M |
YoY Change | 197.03% | -11.65% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $4.243M | $4.053M |
Total Long-Term Liabilities | $6.133M | $2.065M |
Total Liabilities | $10.38M | $6.118M |
YoY Change | 69.61% | 1.01% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$50.26M | -$50.51M |
YoY Change | -0.5% | 11.65% |
Common Stock | $100.2M | $57.63M |
YoY Change | 73.83% | 8.92% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $54.56M | $7.062M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $66.31M | $13.32M |
YoY Change | 397.92% | -2.82% |
Cashflow Statement
Concept | 2014 Q2 | 2013 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$2.344M | -$1.925M |
YoY Change | 21.71% | 93.52% |
Depreciation, Depletion And Amortization | $1.290M | $220.0K |
YoY Change | 486.36% | 10.0% |
Cash From Operating Activities | -$610.0K | -$590.0K |
YoY Change | 3.39% | -36.56% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$1.180M | -$110.0K |
YoY Change | 972.73% | -31.25% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | |
YoY Change | ||
Cash From Investing Activities | -$1.180M | -$110.0K |
YoY Change | 972.73% | -31.25% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 160.0K | 70.00K |
YoY Change | 128.57% | -143.75% |
NET CHANGE | ||
Cash From Operating Activities | -610.0K | -590.0K |
Cash From Investing Activities | -1.180M | -110.0K |
Cash From Financing Activities | 160.0K | 70.00K |
Net Change In Cash | -1.630M | -630.0K |
YoY Change | 158.73% | -49.6% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$610.0K | -$590.0K |
Capital Expenditures | -$1.180M | -$110.0K |
Free Cash Flow | $570.0K | -$480.0K |
YoY Change | -218.75% | -37.66% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2013Q4 | us-gaap |
Goodwill
Goodwill
|
15046197 | USD |
CY2014Q1 | us-gaap |
Investment Owned At Cost
InvestmentOwnedAtCost
|
100000 | USD |
CY2014Q1 | us-gaap |
Investment Owned At Cost
InvestmentOwnedAtCost
|
400000 | USD |
CY2014Q1 | us-gaap |
Investment Owned Balance Shares
InvestmentOwnedBalanceShares
|
594530 | shares |
CY2014Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
34515966 | USD |
CY2014Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
6029132 | USD |
CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
33318987 | USD |
CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
3716396 | USD |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2312737 | USD | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
168252 | USD | |
CY2014Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
4602000 | USD |
CY2014Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
4402000 | USD |
CY2014Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
4383000 | USD |
CY2014Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
4247000 | USD |
CY2014Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
3975000 | USD |
CY2014Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
|
27856000 | USD |
CY2014Q2 | dss |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedGoodwill
|
11962000 | USD |
CY2014Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
|
56829000 | USD |
CY2014Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities Noncurrent
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilitiesNoncurrent
|
11962000 | USD |
us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
44867000 | USD | |
CY2014Q2 | us-gaap |
Business Combination Acquisition Of Less Than100 Percent Noncontrolling Interest Fair Value
BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue
|
4300000 | USD |
CY2014Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
|
40567000 | USD |
us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
8078000 | USD | |
us-gaap |
Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
|
-5545000 | USD | |
us-gaap |
Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
|
0.59 | pure | |
us-gaap |
Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
|
0.009 | pure | |
CY2014Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets
|
6252000 | USD |
CY2014Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther
|
-9000 | USD |
CY2014Q2 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
10750000 | USD |
us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-6463000 | USD | |
dss |
Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
|
-0.15 | ||
us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
3432170 | shares | |
CY2014Q2 | us-gaap |
Share Price
SharePrice
|
5.00 | |
CY2014Q2 | dss |
Business Acquisition Number Of Escrow Shares To Be Retired
BusinessAcquisitionNumberOfEscrowSharesToBeRetired
|
3038357 | shares |
us-gaap |
Noncash Merger Related Costs
NoncashMergerRelatedCosts
|
1445000 | USD | |
CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
1.87 | |
CY2014Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
850000 | USD |
CY2013Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
824857 | USD |
CY2013Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
850000 | USD |
CY2013Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
25143 | USD |
CY2013Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
850000 | USD |
CY2014Q2 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
850000 | USD |
CY2014Q2 | dss |
Maximum Additional Subscription Amount For Investor Under Non Transferable Overallotment Right
MaximumAdditionalSubscriptionAmountForInvestorUnderNonTransferableOverallotmentRight
|
335500 | USD |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
1138697 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
2.00 | ||
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
886000 | USD | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.704 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0153 | pure | |
dss |
Class Of Warrant Or Right Issued In Period
ClassOfWarrantOrRightIssuedInPeriod
|
8443 | shares | |
dss |
Number Of Warrants Exercised
NumberOfWarrantsExercised
|
80645 | shares | |
CY2014Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights
|
3.10 | |
CY2014Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
209700 | shares |
dss |
Share Based Compensation Expense Per Share
ShareBasedCompensationExpensePerShare
|
0.02 | ||
dss |
Share Based Compensation Expense Per Share
ShareBasedCompensationExpensePerShare
|
0.06 | ||
us-gaap |
Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
|
84025 | shares | |
us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
134000 | USD | |
CY2014Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
1794000 | USD |
CY2014Q2 | dss |
Employee Service Share Based Compensation Nonvested Awards Amount Excluded From Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsAmountExcludedFromTotalCompensationCostNotYetRecognized
|
536000 | USD |
CY2014Q2 | us-gaap |
Share Price
SharePrice
|
1.44 | |
us-gaap |
Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
|
-25000 | USD | |
us-gaap |
Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
|
76000 | USD | |
dss |
Settlement Of Accrued Liabilities With Related Parties With Equity
SettlementOfAccruedLiabilitiesWithRelatedPartiesWithEquity
|
134000 | USD | |
dss |
Financing Of Building Improvements
FinancingOfBuildingImprovements
|
200000 | USD | |
us-gaap |
Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
|
200000 | USD | |
us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
69000 | USD | |
dss |
Accounts Payable Converted To Debt
AccountsPayableConvertedToDebt
|
153000 | USD | |
CY2014Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
302000 | USD |
CY2014Q2 | dss |
Number Of Additional Common Stock That Can Be Purchased By Investor Under Non Transferable Overallotment Right
NumberOfAdditionalCommonStockThatCanBePurchasedByInvestorUnderNonTransferableOverallotmentRight
|
209700 | shares |
CY2014Q2 | dss |
Share Price Of Additional Common Stock That Can Be Purchased By Investor Under Non Transferable Overallotment Right
SharePriceOfAdditionalCommonStockThatCanBePurchasedByInvestorUnderNonTransferableOverallotmentRight
|
1.60 | |
CY2014Q2 | dss |
Period After Closing Date During Which Investor Has Non Transferable Overallotment Right
PeriodAfterClosingDateDuringWhichInvestorHasNonTransferableOverallotmentRight
|
P90D | |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P24M | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.00 | pure | |
dss |
Financing Of Equipment Purchase
FinancingOfEquipmentPurchase
|
697000 | USD | |
CY2014Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2215336 | USD |
CY2013Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1828430 | USD |
us-gaap |
Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
|
75000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
151000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
96000 | USD | |
CY2013Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
309585 | USD |
CY2014Q2 | us-gaap |
Inventory Net
InventoryNet
|
919659 | USD |
CY2013Q4 | us-gaap |
Inventory Net
InventoryNet
|
834979 | USD |
CY2014Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
493616 | USD |
CY2013Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
395767 | USD |
CY2014Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
99935 | USD |
CY2013Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
129627 | USD |
CY2014Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
326108 | USD |
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
7101085 | USD | |
CY2014Q2 | us-gaap |
License And Services Revenue
LicenseAndServicesRevenue
|
476130 | USD |
CY2013Q2 | us-gaap |
License And Services Revenue
LicenseAndServicesRevenue
|
457564 | USD |
CY2014Q2 | us-gaap |
Revenues
Revenues
|
4883391 | USD |
CY2013Q2 | us-gaap |
Revenues
Revenues
|
4279306 | USD |
CY2014Q2 | us-gaap |
Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
|
3196633 | USD |
CY2013Q2 | us-gaap |
Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
|
2541095 | USD |
CY2014Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2613781 | USD |
CY2013Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
3337633 | USD |
CY2014Q2 | us-gaap |
Cost Of Goods Sold Depreciation Depletion And Amortization
CostOfGoodsSoldDepreciationDepletionAndAmortization
|
1288313 | USD |
CY2013Q2 | us-gaap |
Cost Of Goods Sold Depreciation Depletion And Amortization
CostOfGoodsSoldDepreciationDepletionAndAmortization
|
229008 | USD |
CY2014Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
7098727 | USD |
CY2013Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
6107736 | USD |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
21711503 | shares | |
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
7570761 | USD | |
CY2013Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-5423897 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-2980956 | USD | |
CY2014Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.06 | |
CY2013Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1868540 | USD |
CY2014Q2 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
34548 | USD |
CY2013Q2 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
42764 | USD |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-16420 | USD | |
CY2014Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2338789 | USD |
CY2014Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4737 | USD |
CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2343526 | USD |
CY2013Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1925479 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5398680 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-3057064 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
76108 | USD | |
CY2014Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-2358800 | USD |
CY2013Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.09 | |
CY2014Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
4407261 | USD |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.13 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.14 | ||
CY2014Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
42040907 | shares |
CY2013Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
21710034 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
41982770 | shares | |
CY2014Q2 | us-gaap |
Interest Expense
InterestExpense
|
88905 | USD |
CY2013Q2 | us-gaap |
Interest Expense
InterestExpense
|
49548 | USD |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
USD | ||
CY2014Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1789986 | USD |
CY2013Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
2149123 | USD |
CY2014Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
537206 | USD |
CY2013Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
403107 | USD |
CY2014Q2 | us-gaap |
Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
|
223323 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
|
223323 | USD |
CY2014Q2 | us-gaap |
Assets Current
AssetsCurrent
|
5020309 | USD |
CY2013Q4 | us-gaap |
Assets Current
AssetsCurrent
|
6087563 | USD |
CY2014Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
5226230 | USD |
CY2013Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
5157852 | USD |
CY2014Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
12529602 | USD |
CY2013Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
11448008 | USD |
CY2014Q2 | us-gaap |
Goodwill
Goodwill
|
15046197 | USD |
CY2014Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
925506 | USD |
CY2013Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
988230 | USD |
CY2014Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
99247351 | USD |
CY2014Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
28486834 | USD |
CY2013Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
29602591 | USD |
CY2014Q2 | us-gaap |
Assets
Assets
|
66309172 | USD |
CY2013Q4 | us-gaap |
Assets
Assets
|
67342211 | USD |
CY2014Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1454846 | USD |
CY2013Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1421765 | USD |
CY2014Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1416737 | USD |
CY2013Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1455629 | USD |
CY2013Q4 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
158087 | USD |
CY2014Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
521699 | USD |
CY2013Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
613488 | USD |
CY2014Q2 | us-gaap |
Cash
Cash
|
1304656 | USD |
CY2014Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4243282 | USD |
CY2013Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4473826 | USD |
CY2014Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
5770868 | USD |
CY2013Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
3087358 | USD |
CY2014Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
361783 | USD |
CY2013Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
27566 | USD |
CY2014Q2 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
1373921 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
1364447 | USD |
CY2014Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.02 | |
CY2014Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2013Q4 | us-gaap |
Cash
Cash
|
1977031 | USD |
CY2014Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
46275297 | shares |
CY2013Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
97790426 | USD |
CY2014Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-52783 | USD |
CY2013Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-27566 | USD |
CY2014Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-50260756 | USD |
CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-44862076 | USD |
CY2014Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
245479 | USD |
CY2014Q2 | us-gaap |
Minority Interest
MinorityInterest
|
4700000 | USD |
CY2013Q4 | us-gaap |
Minority Interest
MinorityInterest
|
4500000 | USD |
CY2014Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
54559318 | USD |
CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
58389014 | USD |
CY2014Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
66309172 | USD |
CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
67342211 | USD |
CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
49411486 | shares |
CY2014Q2 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
USD | |
CY2013Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
500000 | USD |
CY2014Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
68000 | USD |
CY2013Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
60000 | USD |
CY2014Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2014Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
46275297 | shares |
CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.02 | |
CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
49411486 | shares |
CY2013Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
dei |
Trading Symbol
TradingSymbol
|
DSS | ||
us-gaap |
Professional Fees
ProfessionalFees
|
75000 | USD | |
dss |
Professional Fees Future Monthly Payments
ProfessionalFeesFutureMonthlyPayments
|
105000 | USD | |
CY2013Q2 | us-gaap |
Assets
Assets
|
13317000 | USD |
CY2014Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1288000 | USD |
CY2014Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
293000 | USD |
CY2013Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
229000 | USD |
dss |
Proceeds From Restricted Payments Of Costs And Expenses
ProceedsFromRestrictedPaymentsOfCostsAndExpenses
|
245479 | USD | |
CY2014Q2 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
356000 | USD |
CY2013Q4 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
539000 | USD |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style=" font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0px; text-align: justify; text-indent: 0.5in; font-size-adjust: none; font-stretch: normal;"><strong><em><font style=" font-size: 10pt;">Use of Estimates - </font></em></strong><font style=" font-size: 10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates and assumptions. In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure.<br/> </font> </p> </div> | ||
us-gaap |
Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
|
-53000 | USD | |
CY2013 | dss |
Proceeds From Restricted Payments Of Costs And Expenses
ProceedsFromRestrictedPaymentsOfCostsAndExpenses
|
500000 | USD |
CY2013 | us-gaap |
Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
|
-28000 | USD |
CY2014Q2 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
1306000 | USD |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
16239947 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4286534 | shares | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
250206 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1103677 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-937936 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
157789 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
82312 | USD | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
750000 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
1196980 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
52506 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2104769 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-134818 | USD | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-158087 | USD | |
us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
-672375 | USD | |
us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
-1327877 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1288689 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
2691000 | USD | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
454129 | USD | |
us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
-254521 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
840879 | USD | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
-301974 | USD | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
-80000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2536071 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-255123 | USD | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-168247 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
298816 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
166876 | USD | |
CY2012Q4 | us-gaap |
Cash
Cash
|
1887163 | USD |
CY2013Q2 | us-gaap |
Cash
Cash
|
559286 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2601684 | USD | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
51915 | USD | |
dei |
Entity Registrant Name
EntityRegistrantName
|
DOCUMENT SECURITY SYSTEMS INC | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000771999 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-06-30 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
CY2014Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
42213737 | shares |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
33081 | USD | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style=" font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0px; text-align: justify; text-indent: 0.5in; font-size-adjust: none; font-stretch: normal;"><strong><em>Concentration of Credit Risk </em></strong><em>-</em> The Company maintains its cash in bank deposit accounts, which at times may exceed federally insured limits.  The Company believes it is not exposed to any significant credit risk as a result of any non-performance by the financial institutions.</p> <p style=" font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0px; text-align: justify; text-indent: 0.5in; font-size-adjust: none; font-stretch: normal;"> </p> <p style=" font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0px; text-align: justify; text-indent: 0.5in; font-size-adjust: none; font-stretch: normal;">During the six months ended June 30, 2014 and <font>2013</font>, <font>one</font> customer accounted for <font>30</font>% and <font>22</font>%, respectively, of the Company's consolidated revenue. As of June 30, 2014 and <font>2013</font>, this customer accounted for <font>20</font>% and <font>20</font>%, respectively, of the Company's trade accounts receivable balance. The risk with respect to trade receivables is mitigated by credit evaluations the Company performs on its customers, the short duration of its payment terms for the significant majority of its customer contracts and by the diversification of its customer base.</p> </div> | ||
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style=" font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0px; text-align: justify; text-indent: 0.5in; font-size-adjust: none; font-stretch: normal;"><strong><em>Reclassifications</em></strong><font style=" font-size: 10pt;"> - Certain prior year amounts have been reclassified to conform to the current year presentation.</font></p> </div> | ||
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
27570 | USD | |
us-gaap |
Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
|
-26252 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
9474 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
9474 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-359137 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-5338 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
84680 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-2466 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
174616 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
69859 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
124863 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
387188 | USD |