Business Segment Data

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 13 – Business Segment Data

Operating segments are based on the Company’s business components about which separate financial information is available and are evaluated regularly by the Company’s chief operating decision maker in deciding how to allocate resources and in assessing performance of the business.

The Company evaluates segment performance and allocates resources based upon operating income. The Company’s operations are managed in two reportable business segments: Digital display sales and Digital display lease and maintenance.  Both design and produce large-scale, multi-color, real-time digital displays and LED lighting, which has a line of energy-saving lighting solutions that provide facilities and public infrastructure with “green” lighting solutions that emit less heat, save energy and enable creative designs.  Both operating segments are conducted on a global basis, primarily through operations in the United States.  The Company also has operations in Canada.  The Digital display sales segment sells equipment and the Digital display lease and maintenance segment leases and maintains equipment.  Corporate general and administrative items relate to costs that are not directly identifiable with a segment.  There are no intersegment sales.

Foreign revenues represent less than 10% of the Company’s revenues for 2013 and 2012.  The foreign operation does not manufacture its own equipment; the domestic operation provides the equipment that the foreign operation leases or sells.  The foreign operation operates similarly to the domestic operation and has similar profit margins.  Foreign assets are immaterial.

Information about the Company’s continuing operations in its two business segments for the three and nine months ended September 30, 2013 and 2012 is as follows:

		Three Months Ended September 30,				Nine Months Ended September 30,
In thousands		2013		2012		2013		2012
Revenues:
Digital display sales	$	4,607	$	4,250	$	10,345	$	13,101
Digital display lease and maintenance		1,597		1,671		4,742		5,261
Total revenues	$	6,204	$	5,921	$	15,087	$	18,362
Operating (loss) income:
Digital display sales	$	(51)	$	(67)	$	(1,828)	$	(1,577)
Digital display lease and maintenance		430		88		773		456
Corporate general and administrative expenses		(665)		(1,064)		(1,498)		(2,575)
Total operating loss		(286)		(1,043)		(2,553)		(3,696)
Interest expense, net		(1)		(90)		(84)		(184)
Other income		167		-		167		-
Loss on sale of receivables		-		-		(348)		-
Gain on debt extinguishment		-		-		-		60
Change in warrant liabilities		296		1,379		960		3,276
Income loss from continuing operations before income taxes		176		246		(1,858)		(544)
Income tax expense		(8)		(7)		(24)		(21)
Income loss from continuing operations	$	168	$	239	$	(1,882)	$	(565)