DSS, Inc. Files Q3 2024 Report

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

Sentiment: neutral

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

TL;DR

DSS, Inc. filed its Q3 2024 10-Q, confirming it's up-to-date on filings.

AI Summary

DSS, Inc. filed its quarterly report for the period ended September 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 met its filing requirements for the preceding 12 months and the past 90 days.

Why It Matters

This filing provides an update on DSS, Inc.'s financial and operational status for the third quarter of 2024, which is crucial for investors to assess the company's performance and outlook.

Risk Assessment

Risk Level: low — This filing is a routine quarterly report and does not contain specific financial results or significant disclosures that would immediately alter risk perception.

Key Players & Entities

FAQ

What is the Commission file number for DSS, Inc.?

The Commission file number for DSS, Inc. is 001-32146.

In which state is DSS, Inc. incorporated?

DSS, Inc. is incorporated in New York.

What is the address of DSS, Inc.'s principal executive offices?

The address of DSS, Inc.'s principal executive offices is 275 Wiregrass Pkwy, West Henrietta, NY 14586.

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. been subject to filing requirements for the past 90 days?

Yes, the filing indicates that DSS, Inc. has been subject to such filing requirements for the past 90 days.

Filing Stats: 4,375 words · 18 min read · ~15 pages · Grade level 18.5 · Accepted 2024-11-13 17:16:28

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 25 Item 4

Controls and Procedures

Controls and Procedures 32 PART II OTHER INFORMATION 33 Item 1

Legal Proceedings

Legal Proceedings 33 Item 1A

Risk Factors

Risk Factors 33 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 33 Item 3 Defaults upon Senior Securities 33 Item 4 Mine Safety Disclosures 33 Item 5 Other Information 33 Item 6 Exhibits 33 2 PART I – FINANCIAL INFORMATION ITEM 1 - FINANCIAL STATEMENTS DSS, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets September 30, 2024 (unaudited) December 31, 2023 (restated) ASSETS Current assets: Cash and cash equivalents $ 11,631,000 $ 6,615,000 Accounts receivable, net 2,653,000 3,994,000 Inventory 3,307,000 2,819,000 Assets held for sale 46,071,000 51,595,000 Current portion of notes receivable 3,365,000 8,772,000 Prepaid expenses and other current assets 1,779,000 839,000 Total current assets 68,806,000 74,634,000 Property, plant and equipment, net 5,860,000 6,417,000 Investment in real estate, net 6,199,000 6,279,000 Other investments 1,282,000 1,282,000 Investment, equity method 131,000 128,000 Marketable securities 7,263,000 9,979,000 Notes receivable 254,000 111,000 Other assets 133,000 97,000 Right-of-use assets 6,654,000 7,210,000 Goodwill 26,862,000 26,862,000 Other intangible assets, net 19,213,000 20,193,000 Total assets $ 142,657,000 $ 153,192,000 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 3,399,000 $ 3,654,000 Accrued expenses and deferred revenue 2,411,000 2,511,000 Other current liabilities 2,760,000 983,000 Current portion of lease liability 638,000 686,000 Current portion of long-term debt, net 49,873,000 47,776,000 Total current liabilities 59,081,000 55,610,000 Long-term debt, net 7,443,000 7,451,000 Long term lease liability 6,454,000 6,917,000 Total liabilities 72,979,000 69,978,000 Commitments and contingencies (Note 12) - - Stockholders' equity Preferred stock, $ .02 par value; 47,000 shares authorized, zero shares issued and out

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