DSS, Inc. Files Q2 2024 Quarterly Report

Ticker: DSS · Form: 10-Q · Filed: Aug 13, 2024 · CIK: 771999

Dss, INC. 10-Q Filing Summary
FieldDetail
CompanyDss, INC. (DSS)
Form Type10-Q
Filed DateAug 13, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$0.02
Sentimentneutral

Sentiment: neutral

Topics: 10-Q, quarterly-report, SEC-filing

TL;DR

DSS, Inc. filed its Q2 2024 10-Q, confirming compliance with reporting requirements.

AI Summary

DSS, Inc. filed its quarterly report for the period ended June 30, 2024. The company is incorporated in New York and its principal executive offices are located at 275 Wiregrass Pkwy, West Henrietta, NY 14586. The filing indicates that DSS, Inc. has been subject to the filing requirements for the past 90 days and has submitted all required reports for the preceding 12 months.

Why It Matters

This filing provides investors with an update on DSS, Inc.'s financial performance and operational status for the second quarter of 2024.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report and does not contain immediate red flags or significant new risks.

Key Numbers

Key Players & Entities

FAQ

Has DSS, Inc. filed all required reports for the preceding 12 months?

Yes, the filing indicates that DSS, Inc. has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.

Has DSS, Inc. submitted all Interactive Data Files electronically?

Yes, the filing indicates that DSS, Inc. has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months.

What is the period covered by this 10-Q filing?

The filing is for the quarterly period ended June 30, 2024.

Where are DSS, Inc.'s principal executive offices located?

DSS, Inc.'s principal executive offices are located at 275 Wiregrass Pkwy, West Henrietta, NY 14586.

Is DSS, Inc. considered a smaller reporting company?

The filing does not explicitly state whether DSS, Inc. is a smaller reporting company, but it lists options for 'Large accelerated filer', 'Accelerated filer', 'Non-accelerated filer', 'Smaller reporting company', and 'Emerging growth company', indicating these classifications are relevant.

Filing Stats: 4,379 words · 18 min read · ~15 pages · Grade level 18.2 · Accepted 2024-08-13 16:31:19

Key Financial Figures

Filing Documents

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 4

Controls and Procedures

Controls and Procedures 33 PART II OTHER INFORMATION 34 Item 1

Legal Proceedings

Legal Proceedings 34 Item 1A

Risk Factors

Risk Factors 34 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 34 Item 3 Defaults upon Senior Securities 34 Item 4 Mine Safety Disclosures 34 Item 5 Other Information 34 Item 6 Exhibits 34 2 PART I – FINANCIAL INFORMATION ITEM 1 - FINANCIAL STATEMENTS DSS, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets June 30, 2024 (unaudited) December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 10,719,000 $ 6,615,000 Accounts receivable, net 2,531,000 3,994,000 Inventory 3,572,000 2,819,000 Assets held for sale 46,040,000 51,595,000 Current portion of notes receivable 3,907,000 8,772,000 Prepaid expenses and other current assets 929,000 839,000 Total current assets 67,698,000 74,634,000 Property, plant and equipment, net 6,054,000 6,417,000 Investment in real estate, net 6,226,000 6,279,000 Other investments 1,282,000 1,282,000 Investment, equity method 135,000 128,000 Marketable securities 9,558,000 9,979,000 Notes receivable 117,000 111,000 Other assets 139,000 97,000 Right-of-use assets 6,841,000 7,210,000 Goodwill 26,862,000 26,862,000 Other intangible assets, net 19,536,000 20,193,000 Total assets $ 144,448,000 $ 153,192,000 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 3,430,000 $ 3,654,000 Accrued expenses and deferred revenue 1,989,000 2,512,000 Other current liabilities 2,456,000 983,000 Current portion of lease liability 661,000 686,000 Current portion of long-term debt, net 49,130,000 47,776,000 Total current liabilities 57,666,000 55,611,000 Long-term debt, net 7,029,000 7,451,000 Long term lease liability 6,603,000 6,917,000 Commitments and contingencies (Note 11) - - Stockholders' equity Preferred stock, $ .02 par value; 47,000 shares authorized, zero shares issued and outstanding ( zero on December 31, 2023); Liquidation value $ 1,000

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