DSS, Inc. Amends 2023 10-K Filing
Ticker: DSS · Form: 10-K/A · Filed: Oct 22, 2024 · CIK: 771999
Sentiment: neutral
Topics: amendment, annual-report, financials
TL;DR
DSS, Inc. filed its amended 2023 10-K on 10/22/24, showing segment revenues for Printed Products, Rental Income, and more.
AI Summary
DSS, Inc. filed an amendment to its 2023 10-K on October 22, 2024, reporting financial results for the fiscal year ending December 31, 2023. The filing details various segments including Printed Products, Rental Revenue Income, Management Revenue Fee Income, Net Investment Revenue Income, and Direct Marketing. Specific financial figures for these segments in 2023 and 2022 are provided.
Why It Matters
This amendment provides updated financial details for DSS, Inc.'s 2023 performance, allowing investors and analysts to review the company's financial health and operational segments.
Risk Assessment
Risk Level: low — This filing is an amendment to a previous annual report and does not introduce new material risks.
Key Numbers
- 2023-12-31 — Fiscal Year End (Reporting period for the 10-K)
- 2024-10-22 — Filing Date (Date the amended 10-K was filed)
Key Players & Entities
- DSS, INC. (company) — Filer
- 20231231 (date) — Fiscal Year End
- 20241022 (date) — Filing Date
- 2023 (date) — Reporting Period
- 2022 (date) — Prior Reporting Period
FAQ
What is the primary purpose of this 10-K/A filing?
This 10-K/A filing is an amendment to the annual report for the fiscal year ended December 31, 2023, filed on October 22, 2024.
What is DSS, Inc.'s Standard Industrial Classification code?
DSS, Inc.'s Standard Industrial Classification code is 2650, related to Paperboard Containers & Boxes.
When was DSS, Inc. incorporated?
DSS, Inc. was incorporated in New York (NY).
What are some of the business segments reported by DSS, Inc.?
The filing mentions segments such as PrintedProductsMember, RentalRevenueIncomeMember, ManagementRevenueFeeIncomeMember, NetInvestmentRevenueIncomeMember, and DirectMarketingMember.
What was the previous name of DSS, Inc.?
DSS, Inc. was formerly known as Document Security Systems Inc, New Sky Communications Inc, and Thoroughbreds USA Inc.
Filing Stats: 4,479 words · 18 min read · ~15 pages · Grade level 13.2 · Accepted 2024-10-22 17:20:45
Key Financial Figures
- $0.02 — ch registered Common Stock, par value $0.02 per share DSS NYSE American LLC S
- $29.9 million — -Q, the Company recorded an approximate $29.9 million loss on deconsolidation. The Company al
- $18.7 million — d an decrease in accumulated deficit of $18.7 million to reflect the reversal of balances as
- $23.5 million — tentionally overstated by approximately $23.5 million driven primarily by the increases in ac
- $14 million — line. During 2023, APB issued more than $14 million in new loans, and over $4 million in re
- $4 million — than $14 million in new loans, and over $4 million in renewal loan to customers with stron
- $22 m — our managed loan portfolio of more than $22 million, which earns 1.25% annually in se
- $150M — mpanies that are seeking to raise under $150M USD, can pursue private placements, whi
- $15 Million — tension with Major Retailer Worth Up to $15 Million over Four Years. DSS, Inc. announced to
- $12 Million — next three years totaling a minimum of $12 Million with a fourth year extension option bri
- $0 — nding shares of common stock, par value $0.02, following authorization by its Boar
- $12 Million — rs with expected revenue to approximate $12 Million with a fourth-year extension. We are
Filing Documents
- form10-ka.htm (10-K/A) — 2210KB
- ex4-1.htm (EX-4.1) — 12KB
- ex10-18.htm (EX-10.18) — 144KB
- ex10-53.htm (EX-10.53) — 76KB
- ex21-1.htm (EX-21) — 26KB
- ex23-2.htm (EX-23.2) — 10KB
- ex31-1.htm (EX-31.1) — 17KB
- ex31-2.htm (EX-31.2) — 17KB
- ex32-1.htm (EX-32.1) — 8KB
- ex32-2.htm (EX-32.2) — 8KB
- 0001493152-24-042100.txt ( ) — 12139KB
- dss-20231231.xsd (EX-101.SCH) — 96KB
- dss-20231231_cal.xml (EX-101.CAL) — 129KB
- dss-20231231_def.xml (EX-101.DEF) — 426KB
- dss-20231231_lab.xml (EX-101.LAB) — 725KB
- dss-20231231_pre.xml (EX-101.PRE) — 580KB
- form10-ka_htm.xml (XML) — 1801KB
BUSINESS
BUSINESS 3 ITEM 1A
RISK FACTORS
RISK FACTORS 14 ITEM 1B UNRESOLVED STAFF COMMENTS 21 ITEM 1C CYBERSECUTIRY 21 ITEM 2
PROPERTIES
PROPERTIES 22 ITEM 3
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 22 ITEM 4 MINE SAFETY DISCLOSURES 23 PART II ITEM 5 MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 24 ITEM 6
SELECTED FINANCIAL DATA
SELECTED FINANCIAL DATA 25 ITEM 7
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 25 ITEM 7A
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 32 ITEM 8
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 33 ITEM 9 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 72 ITEM 9A
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 72 ITEM 9B OTHER INFORMATION 73 PART III ITEM 10 DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 74 ITEM 11
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 84 ITEM 12
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 87 ITEM 13 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 88 ITEM 14 PRINCIPAL ACCOUNTANT FEES AND SERVICES 92 PART IV ITEM 15 EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 93 ITEM 16 FORM 10-K/A SUMMARY 95
SIGNATURES
SIGNATURES 96 2 PART I ITEM 1 - BUSINESS Overview DSS, Inc. (together with its consolidated subsidiaries (unless the context otherwise requires), referred to herein as "DSS," "we," "us," "our" or the "Company", currently operates five distinct business lines operate around the globe with primary operations in North America and Asia. The six divisions are: 1. Product Packaging, 2. Biotechnology, 3. Commercial Lending, 4. Securities and Investment Management, and 5. Alternative Trading, 6. Direct Marketing, Each of these business lines are in various stages of development, growth, and income generation. Due to these variations in the business cycle, including differences in revenue and assets acquired, the company is currently reporting financial information for five of these operating segments: 1. Product Packaging, 2. Commercial Lending, 3. Biotechnology, 4. Direct Marketing, and 5. Securities and Investment Management As the other divisions grow and start generating material operations and revenue, those operating segments will be added to our financial segmental reporting . Our divisions, their business lines, subsidiaries, and operating territories: 1. Product Packaging: The Company's consumer packaging and security printing business is led by its wholly owned subsidiary, Premier Packaging Corporation, Inc. ("Premier"), a New York corporation. Premier operates in the paper board and fiber based folding carton, consumer product packaging, and document security printing markets. It markets, manufactures, and sells sophisticated custom folding cartons, mailers, photo sleeves and complex 3-dimensional direct mail solutions. Premier is currently located in its new facility in Rochester, NY, and primarily serves the US market. 2. Biotechnology: ("Biotech") Biotechnology, a science-driven industry sector that uses living organisms and molecular biology to produce healthcare-related products, progressed on multiple fro