Business Segment Data

12 Months Ended

Dec. 31, 2020

Business Segment Data [Line Items]

Segment Reporting Disclosure [Text Block]

21.  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 product sales and Digital product lease and maintenance.  Both design and produce large-scale, multi-color, real-time digital products.  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 for 2020 and 2019.  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 years ended December 31, 2020 and 2019 and as of December 31, 2020 and 2019 were as follows:

In thousands	2020		2019
Revenues:
Digital product sales	$	7,378	$	14,710
Digital product lease & maintenance		2,067		2,325
Total revenues	$	9,445	$	17,035
Operating (loss) income:
Digital product sales	$	(5,169)	$	183
Digital product lease & maintenance		1,389		1,752
Corporate general and     administrative expenses		(836)		(2,386)
Total operating loss		(4,616)		(451)
Interest expense, net		(425)		(504)
Loss on foreign currency   remeasurement		(57)		(130)
Gain (loss) on extinguishment of debt		137		(193)
Pension benefit (expense)		111		(83)
Loss before income taxes		(4,850)		(1,361)
Income tax benefit (expense)		7		(41)
Net loss	$	(4,843)	$	(1,402)
Assets:
Digital product sales	$	5,231	$	8,204
Digital product lease &       maintenance		1,781		3,515
Total identifiable assets		7,012		11,719
General corporate		43		535
Total assets	$	7,055	$	12,254
Depreciation and amortization:
Digital product sales	$	251	$	234
Digital product lease &       maintenance		288		427
General corporate		1		7
Total depreciation and amortization	$	540	$	668
Capital expenditures:
Digital product sales	$	173	$	376
Digital product lease &       maintenance		16		44
General corporate		1		1
Total capital expenditures	$	190	$	421