$TSSI
TSS, Inc.

2024 Q3 Form 10-Q Financial Statement

#000143774924026834 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $70.07M $12.16M
YoY Change 689.05% -16.36%
Cost Of Revenue $62.18M $7.623M
YoY Change 927.79% -32.63%
Gross Profit $7.887M $4.536M
YoY Change 178.69% 40.78%
Gross Profit Margin 11.26% 37.31%
Selling, General & Admin $3.885M $2.719M
YoY Change 90.16% 25.94%
% of Gross Profit 49.26% 59.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $208.0K $117.0K
YoY Change 188.89% 32.95%
% of Gross Profit 2.64% 2.58%
Operating Expenses $4.093M $2.836M
YoY Change 93.52% 26.21%
Operating Profit $3.794M $1.700M
YoY Change 430.63% 74.36%
Interest Expense $1.128M $272.0K
YoY Change 134.02% -58.02%
% of Operating Profit 29.73% 16.0%
Other Income/Expense, Net
YoY Change
Pretax Income $2.666M $1.428M
YoY Change 1044.21% 336.7%
Income Tax $20.00K $26.00K
% Of Pretax Income 0.75% 1.82%
Net Earnings $2.646M $1.402M
YoY Change 1166.03% 345.08%
Net Earnings / Revenue 3.78% 11.53%
Basic Earnings Per Share $0.12 $0.06
Diluted Earnings Per Share $0.10 $0.06
COMMON SHARES
Basic Shares Outstanding 23.70M 22.03M
Diluted Shares Outstanding 26.35M 24.70M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.311M
YoY Change -65.62%
Cash & Equivalents $46.45M $8.311M
Short-Term Investments
Other Short-Term Assets $976.0K
YoY Change 80.74%
Inventory $4.983M $4.939M
Prepaid Expenses
Receivables $6.995M
Other Receivables $0.00
Total Short-Term Assets $59.95M $21.22M
YoY Change 57.38% -41.99%
LONG-TERM ASSETS
Property, Plant & Equipment $2.062M $2.205M
YoY Change 213.85% 226.18%
Goodwill $780.0K $780.0K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $888.0K $909.0K
YoY Change 5.84% 5.57%
Total Long-Term Assets $7.335M $7.684M
YoY Change 12.72% 14.43%
TOTAL ASSETS
Total Short-Term Assets $59.95M $21.22M
Total Long-Term Assets $7.335M $7.684M
Total Assets $67.28M $28.91M
YoY Change 50.87% -33.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.69M $7.201M
YoY Change 72.16% -78.15%
Accrued Expenses $7.251M
YoY Change 261.29%
Deferred Revenue $2.923M $4.960M
YoY Change -80.21% 210.19%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $55.62M $19.41M
YoY Change 47.56% -46.91%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $4.339M
YoY Change 8.94%
Total Long-Term Liabilities $4.339M
YoY Change 8.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $55.62M $19.41M
Total Long-Term Liabilities $4.339M
Total Liabilities $59.63M $23.75M
YoY Change 43.66% -41.42%
SHAREHOLDERS EQUITY
Retained Earnings -$62.20M -$64.90M
YoY Change -6.61% -2.99%
Common Stock $2.000K $2.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.999M $2.382M
YoY Change 34.0% 7.49%
Treasury Stock Shares
Shareholders Equity $7.654M $5.154M
YoY Change
Total Liabilities & Shareholders Equity $67.28M $28.91M
YoY Change 50.87% -33.24%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $2.646M $1.402M
YoY Change 1166.03% 345.08%
Depreciation, Depletion And Amortization $208.0K $117.0K
YoY Change 188.89% 32.95%
Cash From Operating Activities -$4.328M
YoY Change -124.68%
INVESTING ACTIVITIES
Capital Expenditures $1.682M
YoY Change 8310.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.682M
YoY Change 8310.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -62.00K
YoY Change 588.89%
NET CHANGE
Cash From Operating Activities -4.328M
Cash From Investing Activities -1.682M
Cash From Financing Activities -62.00K
Net Change In Cash -6.072M
YoY Change -134.69%
FREE CASH FLOW
Cash From Operating Activities -$4.328M
Capital Expenditures $1.682M
Free Cash Flow -$6.010M
YoY Change -134.31%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
909000 usd
CY2024Q2 us-gaap Assets
Assets
28905000 usd
CY2023Q4 us-gaap Assets
Assets
25600000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
310000 usd
CY2024Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-272000 usd
CY2023Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-648000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1428000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
327000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
3549000 usd
us-gaap Cost Of Revenue
CostOfRevenue
20802000 usd
us-gaap Cost Of Revenue
CostOfRevenue
16203000 usd
CY2024Q2 us-gaap Gross Profit
GrossProfit
4536000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
3222000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8311000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11831000 usd
CY2024Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
6995000 usd
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
3527000 usd
CY2024Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
524000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1310000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
4939000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
2343000 usd
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
452000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
302000 usd
CY2024Q2 us-gaap Assets Current
AssetsCurrent
21221000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
19313000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2205000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
628000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3790000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4062000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
780000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
780000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3295000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3631000 usd
CY2024Q2 us-gaap Liabilities
Liabilities
23751000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
22051000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28052000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21111000 usd
us-gaap Gross Profit
GrossProfit
7250000 usd
us-gaap Gross Profit
GrossProfit
4908000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5108000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4421000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
188000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
177000 usd
us-gaap Operating Expenses
OperatingExpenses
5296000 usd
us-gaap Operating Expenses
OperatingExpenses
4598000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
1954000 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-501000 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-760000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1453000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-450000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
36000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21000 usd
us-gaap Net Income Loss
NetIncomeLoss
1417000 usd
us-gaap Net Income Loss
NetIncomeLoss
-471000 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1700000 usd
CY2024Q2 us-gaap Cost Of Revenue
CostOfRevenue
7623000 usd
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Amendment Flag
AmendmentFlag
false
dei Entity Central Index Key
EntityCentralIndexKey
0001320760
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 pure
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2024Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
817000 usd
CY2024Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
13693000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
14362000 usd
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
4960000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3370000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
759000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
688000 usd
CY2024Q2 us-gaap Liabilities Current
LiabilitiesCurrent
19412000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
18420000 usd
CY2024Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1044000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
0 usd
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2024Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
49000000
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
49000000
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24244000
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
23533000
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
22302000
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21771000
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
2000 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
2000 usd
CY2024Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
72428000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
72103000 usd
CY2024Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
1942000
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
1762000
CY2024Q2 us-gaap Treasury Stock Value
TreasuryStockValue
2382000 usd
CY2023Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2245000 usd
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-64894000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-66311000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
5154000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
3549000 usd
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
28905000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
25600000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12159000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14537000 usd
CY2023Q2 us-gaap Cost Of Revenue
CostOfRevenue
11315000 usd
CY2024Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2719000 usd
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2159000 usd
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
117000 usd
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
88000 usd
CY2024Q2 us-gaap Operating Expenses
OperatingExpenses
2836000 usd
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
2247000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
975000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
1402000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
315000 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
2934000 usd
CY2023Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
140000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-786000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
2287000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2023Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
160000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
315000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
2752000 usd
CY2024Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
55000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
150000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
15000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
3659000 usd
CY2024Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
62000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
155000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
1402000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
5154000 usd
us-gaap Net Income Loss
NetIncomeLoss
1417000 usd
us-gaap Net Income Loss
NetIncomeLoss
-471000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
188000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
177000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
305000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
299000 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
3468000 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
7863000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-786000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-103000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2596000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
401000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
286000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
247000 usd
tssi Increase Decrease In Rightofuse Assets
IncreaseDecreaseInRightofuseAssets
-272000 usd
tssi Increase Decrease In Rightofuse Assets
IncreaseDecreaseInRightofuseAssets
-319000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-669000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
12690000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2634000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-481000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-265000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-135000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1682000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3990000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1721000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
205000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1721000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-205000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
117000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
10000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-117000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3520000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3775000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
11831000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20397000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8311000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
24172000 usd
us-gaap Interest Paid Net
InterestPaidNet
537000 usd
us-gaap Interest Paid Net
InterestPaidNet
672000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
79000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
46000 usd
us-gaap Basis Of Accounting
BasisOfAccounting
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><i>Basis of Presentation</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">The accompanying consolidated balance sheet as of December 31, 2023, which has been derived from audited consolidated financial statements, and the unaudited interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial statements and pursuant to the rules and regulations of the SEC for interim reporting and include the accounts of the Company and its consolidated subsidiaries. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting only of normal recurring items) necessary to present fairly the consolidated financial position of the Company and its consolidated results of operations, changes in stockholders’ equity and cash flows. These interim consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.</p>
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-64900000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7107 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7107 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12159000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14537000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28052000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21111000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
6004000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3370000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2080000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><i>Concentration of Credit Risk </i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">We are currently economically dependent upon our relationship with a large US-based IT OEM. If this relationship is unsuccessful or discontinues, our business and revenue will suffer. The loss of or a significant reduction in orders from this customer or the failure to provide adequate products or services to it would significantly reduce our revenue.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">The following customer accounted for a significant percentage of our revenues for the periods shown (unaudited):</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; width: 90%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px;"> <tbody><tr class="finHeading" style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>Three Months Ended June 30,</b></p> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>Six Months Ended June 30,</b></p> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr class="finHeading" style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>2024</b></p> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>2023</b></p> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>2024</b></p> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>2023</b></p> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 44%;"> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt;">US-based IT OEM</p> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </td> <td style="width: 11%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;">97%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;"> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; text-align: center;"> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; text-align: center;"> </td> <td style="width: 11%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;">96%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;"> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; text-align: center;"> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; text-align: center;"> </td> <td style="width: 11%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;">97%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;"> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; text-align: center;"> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; text-align: center;"> </td> <td style="width: 11%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;">94%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> </tbody></table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">No other customers represented more than 10% of our revenues for any periods presented. Our US-based IT OEM customer represented 96% of our trade accounts receivable at June 30, 2024 and 95% at December 31, 2023. No other customer represented more than 10% of our accounts receivable at either of those dates.  </p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2024Q2 tssi Factoring Agreement Gross Amount Factored
FactoringAgreementGrossAmountFactored
28800000 usd
CY2023Q2 tssi Factoring Agreement Gross Amount Factored
FactoringAgreementGrossAmountFactored
37700000 usd
CY2024Q2 tssi Factoring Agreement Finance Fees Paid
FactoringAgreementFinanceFeesPaid
378000 usd
CY2023Q2 tssi Factoring Agreement Finance Fees Paid
FactoringAgreementFinanceFeesPaid
541000 usd
tssi Factoring Agreement Gross Amount Factored
FactoringAgreementGrossAmountFactored
51000000 usd
tssi Factoring Agreement Gross Amount Factored
FactoringAgreementGrossAmountFactored
48500000 usd
tssi Factoring Agreement Finance Fees Paid
FactoringAgreementFinanceFeesPaid
742000 usd
tssi Factoring Agreement Finance Fees Paid
FactoringAgreementFinanceFeesPaid
672000 usd
CY2024Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
7002000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
3534000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7000 usd
CY2024Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
6995000 usd
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
3527000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
2745000000 usd
CY2024Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
186000 usd
CY2023Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
258000 usd
CY2024Q2 tssi Reseller Inventory
ResellerInventory
4774000 usd
CY2023Q4 tssi Reseller Inventory
ResellerInventory
2106000 usd
CY2024Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
21000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
21000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
4939000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
2343000 usd
CY2024Q2 us-gaap Goodwill Gross
GoodwillGross
780000 usd
CY2023Q4 us-gaap Goodwill Gross
GoodwillGross
780000 usd
CY2024Q2 us-gaap Goodwill Gross
GoodwillGross
780000 usd
CY2023Q4 us-gaap Goodwill Gross
GoodwillGross
780000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
35000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5532000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3811000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3327000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3183000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2205000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
628000 usd
CY2024Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
117000 usd
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
88000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
188000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
177000 usd
CY2024Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
7201000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
12414000 usd
CY2024Q2 tssi Accrued Expenses Current
AccruedExpensesCurrent
5707000 usd
CY2023Q4 tssi Accrued Expenses Current
AccruedExpensesCurrent
746000 usd
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
640000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1087000 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
145000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
115000 usd
CY2024Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
13693000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
14362000 usd
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
236000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
219000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
457000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
434000 usd
CY2024Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
136000 usd
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
150000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
265000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
319000 usd
CY2024Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
tssi Operating Lease Weighted Average Remaining Lease Term During Period
OperatingLeaseWeightedAverageRemainingLeaseTermDuringPeriod
P56M
tssi Operating Lease Weighted Average Remaining Lease Term During Period
OperatingLeaseWeightedAverageRemainingLeaseTermDuringPeriod
P69M
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05 pure
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.06 pure
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
472000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
956000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
942000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
962000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
991000 usd
CY2024Q2 tssi Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
250000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4573000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
519000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4054000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
759000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3295000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4054000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
1402000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
315000 usd
us-gaap Net Income Loss
NetIncomeLoss
1417000 usd
us-gaap Net Income Loss
NetIncomeLoss
-471000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22077000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21575000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21988000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21558000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
1402000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
315000 usd
us-gaap Net Income Loss
NetIncomeLoss
1417000 usd
us-gaap Net Income Loss
NetIncomeLoss
-471000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22077000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21575000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21988000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21558000
CY2024Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
2623000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
2216000
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1546000
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24700000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23791000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23534000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21558000
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1566000
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2340000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2471000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3647000
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12159000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14537000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28052000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21111000 usd
CY2024Q2 us-gaap Depreciation
Depreciation
117000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
88000 usd
us-gaap Depreciation
Depreciation
188000 usd
us-gaap Depreciation
Depreciation
177000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1700000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
975000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
1954000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
310000 usd
CY2024Q2 us-gaap Interest Expense
InterestExpense
272000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
648000 usd
us-gaap Interest Expense
InterestExpense
501000 usd
us-gaap Interest Expense
InterestExpense
760000 usd
CY2024Q2 us-gaap Assets
Assets
28905000 usd
CY2023Q4 us-gaap Assets
Assets
25600000 usd

Files In Submission

Name View Source Status
0001437749-24-026834-index-headers.html Edgar Link pending
0001437749-24-026834-index.html Edgar Link pending
0001437749-24-026834.txt Edgar Link pending
0001437749-24-026834-xbrl.zip Edgar Link pending
ex_713348.htm Edgar Link pending
ex_713353.htm Edgar Link pending
ex_713354.htm Edgar Link pending
ex_713356.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json 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
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.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
tssi-20240630.xsd Edgar Link pending
tssi20240630_10q.htm Edgar Link pending
tssi-20240630_def.xml Edgar Link unprocessable
tssi-20240630_lab.xml Edgar Link unprocessable
tssi-20240630_pre.xml Edgar Link unprocessable
tssi20240630_10q_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable
tssi-20240630_cal.xml Edgar Link unprocessable