DSS INC
For the period ended Dec 31, 2023. Filed Mar 27, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 27, 2024
DSS$0.45-8.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| 2023 | 2022 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss from operations | $(97,503,000) | $(69,662,000) |
| Adjustments to reconcile net loss from operations to net cash used by operating activities: | ||
| Depreciation and amortization | 5,206,000 | 12,925,000 |
| Stock based compensation | - | 4,000 |
| Gain/(loss) on equity method investment | 34,000 | (129,000) |
| Loss on investments | 33,506,000 | 13,386,000 |
| Change in ROU assets | 1,009,000 | (7,721,000) |
| Gain on extinguishment of debt | - | (110,000) |
| Deferred tax loss | - | 38,000 |
| Loss on sales of assets | 1,300,000 | - |
| Impairment of fixed assets | - | 2,843,000 |
| Impairment of intangible assets | 7,418,000 | - |
| Impairment of real estate | 812,000 | - |
| Impairment of Goodwill | 30,978,000 | - |
| Impairment of accounts receivable | 3,023,000 | - |
| Impairment of notes receivable | 3,794,000 | 1,525,000 |
| Impairment of other investments | - | 5,637,000 |
| Decrease (increase) in assets: | ||
| Accounts receivable | 1,316,000 | (1,891,000) |
| Inventory | 5,483,000 | 540,000 |
| Prepaid expenses and other current assets | 996,000 | 1,766,000 |
| Other assets | 2,392,000 | (2,210,000) |
| Increase (decrease) in liabilities: | ||
| Accounts payable | (2,260,000) | 3,994,000 |
| Accrued expenses | (15,646,000) | 4,307,000 |
| Change in ROU liabilities | (1,013,000) | - |
| Other liabilities | (39,000) | (298,000) |
| Net cash used by operating activities | (19,194,000) | (26,953,000) |
| Cash flows from investing activities: | ||
| Purchase of property, plant and equipment | (818,000) | (2,294,000) |
| Purchase of real estate | - | (732,000) |
| Purchase of investment | - | (195,000) |
| Purchase of marketable securities | - | (14,884,000) |
| Disposal of property, plant & equipment | 248,000 | 2,152,000 |
| Asset acquired with APB acquisition | - | (1,879,000) |
| Asset acquired with Sentinel acquisition | 40,000 | - |
| Conversion of SHRG to consolidation | - | 3,038,000 |
| Change in Equity investment | - | (113,000) |
| Issuance of new notes receivable, net origination fees | (1,046,000) | (3,621,000) |
| Payment received on notes receivable | 1,010,000 | 1,067,000 |
| Sale of marketable securities | 9,502,000 | - |
| Purchase of intangible assets | - | (508,000) |
| Net cash provided (used) by investing activities | 8,936,000 | (17,969,000) |
| Cash flows from financing activities: | ||
| Payments of long-term debt | (4,246,000) | (3,504,000) |
| Borrowings of long-term debt | 1,829,000 | 9,602,000 |
| Issuances of common stock, net of issuance costs | - | 1,519,000 |
| Net cash (used) provided by financing activities | (2,417,000) | 7,617,000 |
| Net decrease in cash | (12,675,000) | (37,305,000) |
| Cash and cash equivalents at beginning of year | 19,290,000 | 56,595,000 |
| Cash and cash equivalents at end of year | $6,615,000 | $19,290,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.