DSS Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 001-32146Commission file number (Exact name of registrant as specified in its charter) (IRS EmployerIdentification No.) 275 Wiregrass Pkwy,West Henrietta, NY 14586(Address of principal executive offices) (585) 325-3610(Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☐No☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Date File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files) Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reportingcompany” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒ Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes☐No☒ Securities registered pursuant to Section 12(b) of the Act: Title of each classTicker symbol(s)Name of each exchange on which registeredCommon Stock, $0.02 par value per shareDSSThe NYSE American LLC As of May 12, 2026 there were 10,042,518 shares of the registrant’s common stock, $0.02 par value, outstanding. DSS, INC.FORM 10-Q TABLE OF CONTENTS PART IFINANCIAL INFORMATIONItem 1Condensed Consolidated Balance Sheets as March 31, 2026 (Unaudited) and December 31, 2025 (unaudited)3Condensed Consolidated Statements of Operations for the three months ended March 31, 2026 and 2025(Unaudited)4Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025(Unaudited)6Condensed Consolidated Statements of Changes in Stockholders’ Equity for the three months ended March 31,2026 and 2025 (Unaudited)5Notes to Interim Condensed Consolidated Financial Statements (Unaudited)7Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations28Item 4Controls and Procedures33PART IIOTHER INFORMATION34Item 1Legal Proceedings34Item 1ARisk Factors34Item 2Unregistered Sales of Equity Securities and Use of Proceeds34Item 3Defaults upon Senior Securities34Item 4Mine Safety Disclosures34Item 5Other Information34Item 6Exhibits352 PART I – FINANCIAL INFORMATION ITEM 1 - FINANCIAL STATEMENTS DSS, INC. AND SUBSIDIARIESCondensed Consolidated Balance Sheets(Unaudited) As ofMarch 31, 2026As ofDecember 31, 2025 See accompanying notes to the condensed consolidated financial statements. DSS, INC. AND SUBSIDIARIESCondensed Consolidated Statements of Cash FlowsFor the Three Months Ended March 31,(unaudited) DSS, INC. AND SUBSIDIARIESNOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTSMarch 31, 2026(Unaudited) 1. Nature of Operations The Company, incorporated in the state of New York in May 1984 has conducted business in the name of DSS, Inc. OnSeptember 16, 2021, the board of directors approved an agreement and plan of merger with a wholly owned subsidiary, DSS, Inc. (aNew York corporation, incorporated in August 2020), for the sole purpose of effecting a name change from Document SecuritySystems, Inc. to DSS, Inc. This change became effective on September 30, 2021. DSS, Inc. maintained the same trading symbol“DSS”. DSS, Inc. (together with its consolidated subsidiaries, referred to herein as “DSS,” “we,” “us,” “our” or the “Company”)currently operates four (4) distinct business lines with operations and locations around the globe. These business lines are: (1) ProductPackaging, (2) Biotechnology, (3) Commercial Lending, (4) Securities and Investment Management. Our divisions, their business lines, subsidiaries, and operating territories: (1) Our Product Packaging line is led by PremierPackaging 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,