Suppose that $m$ is the smallest element of $S$. Let $t$ denote the sum of all elements of $S$. If $$t-m+1<2^{10}-1=1023\,,\text{ or equivalently }t-m\leq 1021\,,$$ then the claim follows, since there are $2^{10}-1$ nonempty subsets of $S$ whose element sums lie (inclusively) betweem $m$ and $t$. Now, prove that $t-m\leq 1021$ must hold.
Well, we have $$t-m\leq \sum\limits_{k=0}^8\,(117-k)=1017\leq 1021\,.$$ The statement is still true if we take $S\subseteq \{1,2,3,\ldots,118\}$ instead. This argument does not work any longer because $$\sum\limits_{k=0}^8\,(118-k)=1026>1021\,.$$
However, note that if $S$ has four consecutive elements, then we are done. In the case that $S$ has no four consecutive elements, we have $$t-m\leq 118+117+116+114+113+112+110+109+108=1017\leq 1021\,.$$ Therefore, the claim is still true. It is a bit more challenging to show that the statement is also true if we take $S\subseteq \{1,2,3,\ldots,119\}$. It would be interesting to find out the largest integer $k$ for which there exists $S\subseteq \{1,2,3,\ldots,k\}$ with $10$ elements such that no two nonempty subsets of $S$ have the same element sum.