Business Segment Data

9 Months Ended

Sep. 30, 2020

Business Segment Data [Line Items]

Segment Reporting Disclosure [Text Block]

Note 14 – 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.  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 2020 and 2019.  The Company’s 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, 2020 and 2019 is as follows:

	Three months ended September 30				Nine months ended September 30
In thousands	2020		2019		2020		2019
Revenues:
Digital product sales	$	2,405	$	3,951	$	5,257	$	10,155
Digital product lease and maintenance		491		521		1,601		1,663
Total revenues	$	2,896	$	4,472	$	6,858	$	11,818
Operating (loss) income:
Digital product sales	$	(1,008)	$	220	$	(2,902)	$	584
Digital product lease and maintenance		346		296		1,074		969
Corporate general and administrative expenses		(114)		(730)		(1,255)		(1,971)
Total operating loss		(776)		(214)		(3,083)		(418)
Interest expense, net		(100)		(67)		(363)		(402)
(Loss) gain on foreign currency remeasurement		(49)		29		64		(78)
Gain (loss) on debt extinguishment		137		-		137		(193)
Pension benefit (expense)		37		(18)		110		(55)
Loss before income taxes		(751)		(270)		(3,135)		(1,146)
Income tax expense		(7)		(7)		(19)		(19)
Net loss	$	(758)	$	(277)	$	(3,154)	$	(1,165)

	September 30 2020		December 31 2019
Assets
Digital product sales	$	6,925	$	8,204
Digital product lease and maintenance		2,308		3,515
Total identifiable assets		9,233		11,719
General corporate		31		535
Total assets	$	9,264	$	12,254