RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Changes and Error Corrections [Abstract]

SCHEDULE OF OF THE RESTATEMENT ON EACH FINANCIAL STATEMENT LINE ITEMS

The following tables summarize the effect of the restatement on each financial statement line items as of the December 31, 2021

DSS, INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2021

	As Previously Reported			Adjustments			As Restated
Consolidated Balance Sheets as of December 31, 2021
Inventory	$	10,380,000		$	(2,119,000	)	$	8,261,000
Total current assets		82,424,000			(2,119,000	)		80,305,000
Total assets		284,826,000			(2,119,000	)		282,707,000
Accumulated deficit		(132,384,000	)		(2,119,000	)		(134,503,000	)
Total stockholders’ equity		200,304,000			(2,119,000	)		198,185,000
Total liabilities and stockholders’ equity		284,826,000			(2,119,000	)		282,707,000
Consolidated Statements of Operations Income (Loss) for the year ended December 31, 2021
Cost of revenue, exclusive of depreciation and amortization	$	12,271,000		$	2,119,000		$	14,390,000
Total costs and expenses		41,684,000		$	2,119,000			43,803,000
Operating loss		(21,409,000	)	$	(2,119,000	)		(23,528,000	)
(Loss) income from continuing operations before income taxes		(38,082,000	)	$	(2,119,000	)		(40,201,000	)
(Loss) income from continuing operations		(34,050,000	)	$	(2,119,000	)		(36,169,000	)
Net (loss) income		(31,921,000	)	$	(2,119,000	)		(34,040,000	)
Net (loss) income attributable to common stockholders		(31,000,000	)	$	(2,119,000	)		(33,119,000	)
Basic earnings per share		(0.64	)		(0.04	)		(0.68	)
Diluted earnings per share		(0.64	)		(0.04	)		(0.68	)
Consolidated Statements of Cash Flows for the year ended December 31, 2021
Net (loss) income from continuing operations	$	(34,050,000	)	$	(2,119,000	)	$	(36,169,000	)
Inventory		(8,425,000	)		2,119,000		$	(6,306,000	)
Consolidated Statements of Changes in Stockholders’ Equity for the year ended December 31, 2021
Net loss, accumulated deficit	$	(31,000,000	)	$	(2,119,000	)	$	(33,119,000	)
Accumulated deficit		(132,382,000	)	$	(2,119,000	)	$	(134,501,000	)