Business Segment Data

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 11 – 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 makers 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 (loss). The Company’s operations are managed in two reportable business segments: Digital product sales and Digital product 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 product sales segment sells equipment and the Digital product 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 in 2016 and 2015.  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 operations in its two business segments for the three and nine months ended September 30, 2016 and 2015 is as follows:

	Three Months Ended September 30				Nine Months Ended September 30
In thousands	2016		2015		2016		2015
Revenues:
Digital product sales	$	5,135	$	7,289	$	13,133	$	15,809
Digital product lease and maintenance		720		873		2,333		2,751
Total revenues	$	5,855	$	8,162	$	15,466	$	18,560
Operating income (loss):
Digital product sales	$	351	$	743	$	602	$	554
Digital product lease and maintenance		160		125		651		636
Corporate general and administrative expenses		(768)		(752)		(2,442)		(2,361)
Total operating income (loss)		(257)		116		(1,189)		(1,171)
Interest expense, net		(131)		(87)		(206)		(210)
Gain (loss) on foreign currency remeasurement		47		162		(95)		352
Gain on extinguishment of debt		462		-		462		-
Gain on sale/leaseback transaction		33		-		88		-
Warrant expense		(7)		(18)		(21)		(53)
Income (loss) before income taxes		147		173		(961)		(1,082)
Income tax (expense) benefit		(7)		-		66		(8)
Net income (loss)	$	140	$	173	$	(895)	$	(1,090)