0001513162-21-000070.txt : 20210514 0001513162-21-000070.hdr.sgml : 20210514 20210514165951 ACCESSION NUMBER: 0001513162-21-000070 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 73 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210514 DATE AS OF CHANGE: 20210514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRANS LUX Corp CENTRAL INDEX KEY: 0000099106 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] IRS NUMBER: 131394750 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-02257 FILM NUMBER: 21925686 BUSINESS ADDRESS: STREET 1: 135 EAST 57TH STREET STREET 2: 14TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 800-243-5544 MAIL ADDRESS: STREET 1: 135 EAST 57TH STREET STREET 2: 14TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: TRANS LUX CORP DATE OF NAME CHANGE: 19920703 10-Q 1 form10q.htm FORM 10-Q Form 10-Q

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM 10-Q

 

[X]       QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2021

 

Commission file number 1-2257

 

TRANS-LUX CORPORATION

 

(Exact name of registrant as specified in its charter)

 

Delaware

13-1394750

(State or other jurisdiction of

(I.R.S. Employer

 incorporation or organization)

Identification No.)

135 East 57th Street, 14th Floor, New York, New York

10022

(Address of principal executive offices)

(Zip code)

(800) 243-5544

(Registrant's telephone number, including area code)

 

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes     X      No      

 

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to file such files).  Yes     X      No         

 

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.  See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ___

Accelerated filer ___

Non-accelerated filer      X   

Emerging growth company ___

Smaller reporting company      X   

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.                                                    

 

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes               No     X                                 

 

Indicate the number of shares outstanding of each of the issuer’s classes of Common Stock, as of the latest practicable date.

 

Date  

Class

Shares Outstanding

5/13/21

Common Stock - $0.001 Par Value

13,446,276

 


 

TRANS-LUX CORPORATIONAND SUBSIDIARIES

 

 

Table of Contents

 

 

Page No.

Part I - Financial Information (unaudited)

        Item 1.

Condensed Consolidated Balance Sheets – March 31, 2021 and December 31, 2020 (see Note 1)

1

Condensed Consolidated Statements of Operations – Three Months Ended March 31, 2021 and 2020

2

Condensed Consolidated Statements of Comprehensive Loss – Three Months Ended March 31, 2021 and 2020

2

 

 

 

 

Condensed Consolidated Statements of Changes in Stockholders’ Deficit – Three Months Ended March 31, 2021 and 2020

3

Condensed Consolidated Statements of Cash Flows – Three Months Ended March 31, 2021 and 2020

4

Notes to Condensed Consolidated Financial Statements

5

         Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

18

        Item 3.

Quantitative and Qualitative Disclosures about Market Risk

22

         Item 4.

Controls and Procedures

22

Part II - Other Information

          Item 1.

Legal Proceedings

22

          Item 1A.

Risk Factors

23

         Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

23

          Item 3.

Defaults upon Senior Securities

23

          Item 4.

Mine Safety Disclosures

23

         Item 5.

Other Information

23

          Item 6.

Exhibits

24

Signatures

25

Exhibits



 Table of Contents

 

Part I - Financial Information (unaudited)

Item 1.

 

 TRANS-LUX CORPORATION AND SUBSIDIARIES 

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

 

March 31

2021

 

December 31

2020

In thousands, except share data

 

ASSETS

 

 

 

 

 

Current assets:

Cash and cash equivalents

$

351

 

$

43

Receivables, net

1,778

1,382

Inventories

 

1,437

 

 

1,542

Prepaids and other assets

 

240

 

 

327

Total current assets

 

3,806

 

 

3,294

Long-term assets:

Rental equipment, net

 

594

 

 

656

Property, plant and equipment, net

2,135

2,200

Right of use assets

 

786

 

 

858

Other assets

 

47

 

 

47

Total long-term assets

 

3,562

 

 

3,761

TOTAL ASSETS

$

7,368

 

$

7,055

LIABILITIES AND STOCKHOLDERS' DEFICIT

 

 

 

 

 

Current liabilities:

Accounts payable

$

2,699

 

$

1,640

Accrued liabilities

4,331

4,555

Current portion of long-term debt

 

2,618

 

 

2,546

Current lease liabilities

304

302

Customer deposits

 

169

 

 

524

Total current liabilities

 

10,121

 

 

9,567

Long-term liabilities:

 

 

 

 

 

Long-term debt, less current portion

269

269

Long-term lease liabilities

 

516

 

 

591

Deferred pension liability and other

 

4,098

 

 

3,677

Total long-term liabilities

 

4,883

 

 

4,537

Total liabilities

 

15,004

 

 

14,104

Stockholders' deficit:

 

 

 

 

 

Preferred Stock Series A - $20 stated value -  416,500 shares authorized;
   shares issued and outstanding: 0 in 2021 and 2020

-

-

Preferred Stock Series B - $200 stated value -  51,000 shares authorized;
   shares issued and outstanding: 0 in 2021 and 2020

 

-

 

 

-

Common Stock - $0.001 par value -  30,000,000 shares authorized;
   shares issued: 13,474,116 in 2021 and 2020;
   shares outstanding: 13,446,276 in 2021 and 2020

13

13

Additional paid-in-capital

 

41,330

 

 

41,330

Accumulated deficit

(38,628)

(38,007)

Accumulated other comprehensive loss

 

(7,288)

 

 

(7,322)

Treasury stock - at cost - 27,840 common shares in 2021 and 2020

 

(3,063)

 

 

(3,063)

Total stockholders' deficit

 

(7,636)

 

 

(7,049)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

$

7,368

 

$

7,055

The accompanying notes are an integral part of these condensed consolidated financial statements.

 

1


 Table of Contents

 

TRANS-LUX CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

 

3 Months Ended

March 31

In thousands, except per share data

2021

 

2020

Revenues:

 

 

 

 

 

Digital product sales

$

2,093

$

1,334

Digital product lease and maintenance

 

493

 

 

579

Total revenues

 

2,586

 

 

1,913

 

 

 

 

 

 

Cost of revenues:

Cost of digital product sales

 

2,254

 

 

1,703

Cost of digital product lease and maintenance

 

153

 

 

186

Total cost of revenues

 

2,407

 

 

1,889

Gross profit

 

179

 

 

24

General and administrative expenses

(799)

(1,230)

Restructuring costs benefit

 

-

 

 

39

Operating loss

(620)

 

 

(1,167)

Interest expense, net

 

(103)

 

 

(108)

(Loss) gain on foreign currency remeasurement

(36)

202

Gain on extinguishment of debt

 

77

 

 

-

Pension benefit

 

67

 

 

36

Loss before income taxes

 

(615)

 

 

(1,037)

Income tax expense

 

(6)

 

 

(6)

Net loss

$

(621)

 

$

(1,043)

Loss per share - basic and diluted

$

(0.05)

 

$

(0.08)

The accompanying notes are an integral part of these condensed consolidated financial statements.

 

TRANS-LUX CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(unaudited)

3 Months Ended

March 31

In thousands

2021

 

2020

Net loss

$

(621)

 

$

(1,043)

Other comprehensive income (loss):

Unrealized foreign currency translation gain (loss)

 

34

 

 

(191)

Total other comprehensive income (loss), net of tax

 

34

 

 

(191)

Comprehensive loss

$

(587)

 

$

(1,234)

The accompanying notes are an integral part of these condensed consolidated financial statements.

 

2


 Table of Contents

 

TRANS-LUX CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT

(unaudited)

 

Accumulated

Other

Comprehensive

Loss

Total

Stock-

holders'

Deficit

Preferred Stock

Add'l

Paid-in

Capital

Series A

Series B

Common Stock

Accumulated

Deficit

Treasury

Stock

In thousands, except share data

Shares

 

 

Amt

 

Shares

 

 

Amt

 

Shares

 

Amt

 

 

 

 

 

 

For the 3 months ended March 31, 2021

Balance January 1, 2021

 -

 

$

 -

 

 -

 

$

 -

 

13,474,116

 

$

13

 

$

41,330

 

$

(38,007)

 

$

(7,322)

 

$    

 (3,063)

 

 

(7,049)

Net loss

 -

 -

 -

 -

-

-

-

(621)

-

-

(621)

Other comprehensive income, net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Unrealized foreign currency translation gain

 -

 

 

 -

 

 -

 

 

 -

 

-

 

 

-

 

 

-

 

 

-

 

 

34

 

 

-

 

 

34

Balance March 31, 2021

 -

 

$

 -

 

 -

 

$

 -

 

13,474,116

 

$

13

 

$

41,330

 

$

(38,628)

 

$

(7,288)

 

$

(3,063)

 

$

(7,636)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the 3 months ended March 31, 2020

Balance January 1, 2020

            -

 

$

 -

 

 -

 

$

 -

 

13,474,116

 

$

13

 

$

41,088

 

$

(33,164)

 

$

(6,618)

 

$

(3,063)

 

 

(1,744)

Net loss

            -

 -

 -

 -

-

-

-

(1,043)

-

-

(1,043)

Other comprehensive loss, net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

   Unrealized foreign currency translation loss

            -

 

 

 -

 

 -

 

 

 -

 

-

 

 

-

 

 

-

 

 

-

 

 

(191)

 

 

-

 

 

(191)

Balance March 31, 2020

            -

 

$

 -

 

 -

 

$

 -

 

13,474,116

 

$

13

 

$

41,088

 

$

(34,207)

 

$

(6,809)

 

$

(3,063)

 

$

(2,978)

 

The accompanying notes are an integral part of these condensed consolidated financial statements.

 

3


 Table of Contents

 

TRANS-LUX CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

 

 

3 Months Ended

March 31

In thousands

2021

 

2020

Cash flows from operating activities

 

 

 

 

 

Net loss

$

(621)

$

(1,043)

Adjustment to reconcile net loss to net cash provided by (used in)
   operating activities:

 

 

 

 

 

Depreciation and amortization

127

148

Amortization of right of use assets

 

72

 

 

79

Amortization of deferred financing fees and debt discount

32

22

Loss on disposal of assets

 

-

 

 

5

Gain on extinguishment of debt

(77)

-

Loss (gain) on foreign currency remeasurement

 

36

 

 

(202)

Bad debt expense

42

95

Changes in operating assets and liabilities:

 

 

 

 

 

Accounts receivable, net

(438)

366

Inventories

 

105

 

 

(78)

Prepaids and other assets

87

(43)

Accounts payable

 

1,059

 

 

375

Accrued liabilities

364

(280)

Operating lease liabilities

 

(73)

 

 

(78)

Customer deposits

(355)

1

Deferred pension liability and other

 

(122)

 

 

(121)

Net cash provided by (used in) operating activities

 

238

 

 

(754)

Cash flows from investing activities

 

 

 

 

 

Equipment manufactured for rental

-

(7)

Purchases of property, plant and equipment

 

-

 

 

(172)

Net cash used in investing activities

 

-

 

 

(179)

Cash flows from financing activities

 

 

 

 

 

Proceeds from long-term debt

90

977

Payments of long-term debt

 

(20)

 

 

-

Net cash provided by financing activities

 

70

 

 

977

Effect of exchange rate changes

 

-

 

 

1

Net increase in cash, cash equivalents and restricted cash

308

45

Cash, cash equivalents and restricted cash at beginning of year

 

43

 

 

1,385

Cash, cash equivalents and restricted cash at end of period

$

351

 

$

1,430

Supplemental disclosure of cash flow information:

 

 

 

 

 

Interest paid

$

38

$

53

Income taxes paid

 

9

 

 

15

Reconciliation of cash, cash equivalents and restricted cash to amounts
   reported in the Consolidated Balance Sheets at end of period:

Current assets

 

 

 

 

 

Cash and cash equivalents

$

351

$

580

Long-term assets

 

 

 

 

 

Restricted cash

 

-

 

 

850

Cash, cash equivalents and restricted cash at end of period

$

351

 

$

1,430

The accompanying notes are an integral part of these condensed consolidated financial statements.

 

4


 Table of Contents

 

TRANS-LUX CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2021

(unaudited)

 

Note 1 Basis of Presentation

 

As used in this report, “Trans-Lux,” the “Company,” “we,” “us,” and “our” refer to Trans-Lux Corporation and its subsidiaries.

 

Financial information included herein is unaudited, however, such information reflects all adjustments (of a normal and recurring nature), which are, in the opinion of management, necessary for the fair presentation of the Condensed Consolidated Financial Statements for the interim periods. The results for the interim periods are not necessarily indicative of the results to be expected for the full year.  The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (the “SEC”) and therefore do not include all information and footnote disclosures required under accounting principles generally accepted in the United States of America (“GAAP”).  The Condensed Consolidated Financial Statements included herein should be read in conjunction with the Consolidated Financial Statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.  The Condensed Consolidated Balance Sheet at December 31, 2020 is derived from the December 31, 2020 audited financial statements.

 

The following new accounting pronouncements were adopted in 2021:

 

In August 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-14, Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20).  ASU 2018-14 modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans.  Public business entities should apply the amendments in ASU 2018-14 for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years (i.e., January 1, 2021).  Early application is permitted.  The adoption of this standard did not have a material effect on the Company’s consolidated financial position and results of operations.

 

The following new accounting pronouncements, and related impacts on adoption, are being evaluated by the Company:

 

None.

 

Note 2 Liquidity and Going Concern

 

A fundamental principle of the preparation of financial statements in accordance with GAAP is the assumption that an entity will continue in existence as a going concern, which contemplates continuity of operations and the realization of assets and settlement of liabilities occurring in the ordinary course of business.  This principle is applicable to all entities except for entities in liquidation or entities for which liquidation appears imminent.  In accordance with this requirement, the Company has prepared its accompanying Consolidated Financial Statements assuming the Company will continue as a going concern.

 

5


 Table of Contents

 

Due to the onset of the COVID-19 pandemic in 2020, the Company experienced a reduction in sales orders from customers.  As a result, the Company incurred a net loss of $621,000 in the three months ended March 31, 2021 and had a working capital deficiency of $6.3 million as of March 31, 2021.

 

The Company is dependent on future operating performance in order to generate sufficient cash flows in order to continue to run its businesses.  Future operating performance is dependent on general economic conditions, as well as financial, competitive and other factors beyond our control, including the impact of the current economic environment, the spread of major epidemics (including coronavirus) and other related uncertainties such as government-imposed travel restrictions, interruptions to supply chains and extended shut down of businesses.  In order to more effectively manage its cash resources, the Company had, from time to time, increased the timetable of its payment of some of its payables, which delayed certain product deliveries from our vendors, which in turn delayed certain deliveries to our customers.

 

Our independent registered public accounting firm has issued an opinion on our Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2020 that states that the Consolidated Financial Statements were prepared assuming we will continue as a going concern and further states that the continuing losses and uncertainty regarding our ability to make the required minimum funding contributions to the defined benefit pension plan and the past due principal and interest payments on our outstanding 8¼% Limited convertible senior subordinated notes due 2012 (the “Notes”) and 9½% Subordinated debentures due 2012 (the “Debentures”) raises substantial doubt about our ability to continue as a going concern.  In addition, if we are unable to (i) obtain additional liquidity for working capital, (ii) make the required minimum funding contributions to the defined benefit pension plan, (iii) make the required principal and interest payments on the Notes and the Debentures and/or (iv) repay our obligations under our Loan Agreement (hereinafter defined) with MidCap Business Credit LLC (“MidCap”), there would be a significant adverse impact on our financial position and operating results.  The Company continually evaluates the need and availability of long-term capital in order to meet its cash requirements and fund potential new opportunities.

 

Note 3 Revenue Recognition

 

Revenue is recognized when a customer obtains control of promised goods or services in an amount that reflects the consideration which the entity expects to receive in exchange for those goods or services.  To determine revenue recognition for arrangements that an entity determines are within the scope of this standard, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation.  The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer.  At contract inception, once the contract is determined to be within the scope of this standard, the Company assesses the goods or services promised within each contract and determines those that are performance obligations and assesses whether each promised good or service is distinct.  The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied.  Sales tax, value added tax and other taxes collected on behalf of third parties are excluded from revenue.

 

6


 Table of Contents

 

Contracts with customers may contain multiple performance obligations.  For such arrangements, the transaction price is allocated to each performance obligation based on the estimated relative standalone selling prices of the promised products or services underlying each performance obligation.  The Company determines standalone selling prices based on the price at which the performance obligation is sold separately.  If the standalone selling price is not observable through past transactions, the Company estimates the standalone selling price taking into account available information such as market conditions and internally approved pricing guidelines related to the performance obligations.

 

When determining the transaction price of a contract, an adjustment is made if payment from a customer occurs either significantly before or significantly after performance, resulting in a significant financing component.  Applying the practical expedient in paragraph 606-10-32-18, the Company does not assess whether a significant financing component exists if the period between when the Company performs its obligations under the contract and when the customer pays is one year or less.  None of the Company’s contracts contained a significant financing component as of March 31, 2021.

 

We recognize revenue in accordance with two different accounting standards: 1) Accounting Standards Codification (“ASC”) Topic 606 and 2) ASC Topic 842.  Under Topic 606, revenue from contracts with customers is measured based on the consideration specified in the contract with the customer, and excludes any sales incentives and amounts collected on behalf of third parties.  A performance obligation is a promise in a contract to transfer a distinct good or service to a customer, and is the unit of account under Topic 606.  Our contracts with customers generally do not include multiple performance obligations.  We recognize revenue when we satisfy a performance obligation by transferring control over a product or service to a customer.  The amount of revenue recognized reflects the consideration we expect to be entitled to in exchange for such products or services.

 

7


 Table of Contents


Disaggregated Revenues

 

The following table represents a disaggregation of revenue from contracts with customers for the three months ended March 31, 2021 and 2020, along with the reportable segment for each category:

 

 

 

For the Three Months Ended

In thousands

 

March 31, 2021

 

March 31, 2020

Digital product sales:

 

 

 

 

 

 

Catalog and small customized products

 

$

2,093

$

1,334

Large customized products

 

 

 -

 

 

-

Subtotal

 

2,093

 

 

1,334

Digital product lease and maintenance:

 

 

 

 

 

 

 Operating leases

209

279

Maintenance agreements

 

 

284

 

 

300

Subtotal

 

493

 

 

579

Total

 

$

2,586

 

$

1,913

 

Performance Obligations

 

The Company has two primary revenue streams which are Digital product sales and Digital product lease and maintenance.

 

Digital Product Sales

 

The Company recognizes net revenue on digital product sales to its distribution partners and to end users related to digital display solutions and fixed digit scoreboards.  For the Company’s catalog products, revenue is generally recognized when the customer obtains control of the Company’s product, which occurs at a point in time, and may be upon shipment or upon delivery based on the contractual shipping terms of a contract.  For the Company’s customized products, revenue is either recognized at a point in time or over time depending on the size of the contract.  For those customized product contracts that are smaller in size, revenue is generally recognized when the customer obtains control of the Company’s product, which occurs at a point in time, and may be upon shipment or upon delivery based on the contractual shipping terms of a contract.  For those customized product contracts that are larger in size, revenue is recognized over time based on incurred costs as compared to projected costs using the input method, as this best reflects the Company’s progress in transferring control of the customized product to the customer.  The Company may also contract with a customer to perform installation services of digital display products.  Similar to the larger customized products, the Company recognizes the revenue associated with installation services using the input method, whereby the basis is the total contract costs incurred to date compared to the total expected costs to be incurred.

 

8


 Table of Contents

 

Revenue on sales to distribution partners are recorded net of prompt-pay discounts, if offered, and other deductions.  To the extent the transaction price includes variable consideration, the Company estimates the amount of variable consideration that should be included in the transaction price utilizing the most likely amount method to which the Company expects to be entitled.  In the case of prompt-pay discounts, there are only two possible outcomes: either the customer pays on-time or does not.  Variable consideration is included in the transaction price if, in the Company’s judgment, it is probable that a significant future reversal of cumulative revenue under the contract will not occur.  Determination of whether to include estimated amounts in the transaction price are based largely on an assessment of the Company’s anticipated performance and all information (historical, current and forecasted) that is reasonably available.  The Company believes that the estimates it has established are reasonable based upon current facts and circumstances.  Applying different judgments to the same facts and circumstances could result in the estimated amounts to vary.  The Company offers an assurance-type warranty that the digital display products will conform to the published specifications.  Returns may only be made subject to this warranty and not for convenience.

 

Digital Product Lease and Maintenance

 

Digital product lease revenues represent revenues from leasing equipment that we own.  We do not generally provide an option for the lessee to purchase the rented equipment at the end of the lease and do not generate material revenue from sales of equipment under such options.  Our lease revenues do not include material amounts of variable payments.  Digital product maintenance revenues represent revenues from maintenance agreements for equipment that we do not own.  Lease and maintenance contracts generally run for periods of one month to 10 years.  A contract entered into by the Company with a customer may contain both lease and maintenance services (either or both services may be agreed upon based on the individual customer contract).  Maintenance services may consist of providing labor, parts and software maintenance as may be required to maintain the customer’s equipment in proper operating condition at the customer’s service location.  The Company concluded the lease and maintenance services represent a series of distinct services and the most representative method for measuring progress towards satisfying the performance obligation of these services is the input method.  Additionally, maintenance services require the Company to “stand ready” to provide support to the customer when and if needed.  As there is no discernable pattern of efforts other than evenly over the lease and maintenance terms, the Company will recognize revenue straight-line over the lease and maintenance terms of service.

 

The Company has an enforceable right to payment for performance completed to date, as evidenced by the requirement that the customer pay upfront for each month of services. Lease and maintenance service amounts billed ahead of revenue recognition are recorded in deferred revenue and are included in accrued liabilities in the Condensed Consolidated Financial Statements.

 

Revenues from equipment lease and maintenance contracts are recognized during the term of the respective agreements.  At March 31, 2021, the future minimum lease payments due to the Company under operating leases that expire at varying dates through 2028 for its rental equipment and maintenance contracts, assuming no renewals of existing leases or any new leases, aggregating $2,270,000 are as follows:  $649,000 – remainder of 2021, $516,000 – 2022, $365,000 – 2023, $292,000 – 2024, $200,000 – 2025 and $248,000 thereafter.

 

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Contract Balances with Customers

 

Contract assets primarily relate to rights to consideration for goods or services transferred to the customer when the right is conditional on something other than the passage of time.  The contract assets are transferred to the receivables when the rights become unconditional.  As of March 31, 2021 and December 31, 2020, the Company had no contract assets.  The contract liabilities primarily relate to the advance consideration received from customers for contracts prior to the transfer of control to the customer and therefore revenue is recognized on completion of delivery.  Contract liabilities are classified as deferred revenue by the Company and are included in customer deposits and accrued liabilities in the Condensed Consolidated Balance Sheets.

 

The following table presents the balances in the Company’s receivables and contract liabilities with customers:

 

In thousands

 

March 31, 2021

 

December 31, 2020

Gross receivables

 

$

2,397

 

$

2,042

Allowance for bad debts

 

619

 

 

660

Net receivables

 

 

1,778

 

 

1,382

Contract liabilities

 

 

609

 

 

618

 

During the three months ended March 31, 2021 and 2020, the Company recognized the following revenues as a result of changes in the contract asset and the contract liability balances in the respective periods:

 

 

 

For the Three Months Ended

In thousands

 

March 31, 2021

 

March 31, 2020

Revenue recognized in the period from:

 

 

 

 

 

 

Amounts included in the contract liability at the beginning of the period

$

479

$

69

Performance obligations satisfied in previous periods
(for example, due to changes in transaction price)

 

$

 -

 

$

 -

 

Transaction Price Allocated to Future Performance Obligations – alternative more qualitative presentation

 

Remaining performance obligations represent the transaction price of contracts for which work has not been performed (or has been partially performed).  The guidance provides certain practical expedients that limit this requirement and, therefore, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which revenue is recognized at the amount to which the Company has the right to invoice for services performed.  As of March 31, 2021, the aggregate amount of the transaction price allocated to remaining performance obligations for digital product sales was $1.9 million and digital product lease and maintenance was $2.3 million.  

 

The Company expects to recognize revenue on approximately 67%, 18% and 15% of the remaining performance obligations over the next 12 months, 13 to 36 months and 37 or more months, respectively.

 

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Costs to Obtain or Fulfill a Customer Contract

 

The Company capitalizes incremental costs of obtaining customer contracts.  Capitalized commissions are amortized based on the transfer of the products or services to which the assets relate.  Applying the practical expedient in paragraph 340-40-25-4, the Company recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets that the Company otherwise would have recognized is one year or less.  These costs are included in General and administrative expenses.

 

The Company accounts for shipping and handling activities related to contracts with customers as costs to fulfill the promise to transfer the associated products.  When shipping and handling costs are incurred after a customer obtains control of the products, the Company also has elected to account for these as costs to fulfill the promise and not as a separate performance obligation.  Shipping and handling costs associated with the distribution of finished products to customers are recorded in costs of goods sold and are recognized when the related finished product is shipped to the customer.

 

Note 4 – Inventories

 

Inventories consist of the following:

 

 

March 31
2021

 

December 31
2020

In thousands

 

Raw materials

$

1,246

 

$

1,124

Work-in-progress

178

324

Finished goods

 

13

 

 

94

 

$

1,437

 

$

1,542

 

Note 5 – Rental Equipment, net

 

Rental equipment consists of the following:

 

 

March 31
2021

 

December 31
2020

In thousands

 

Rental equipment

$

3,714

 

$

3,714

Less accumulated depreciation

3,120

 

3,058

Net rental equipment

$

594

 

$

656

 

Depreciation expense for rental equipment for the three months ended March 31, 2021 and 2020 was $61,000 and $72,000, respectively.

 

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Note 6 – Property, Plant and Equipment, net

 

Property, plant and equipment consists of the following:

 

 

March 31
2021

 

December 31
2020

In thousands

 

Machinery, fixtures and equipment

$

2,923

    

$

2,923

Leaseholds and improvements

 

23

 

 

23

 

 

2,946

 

 

2,946

Less accumulated depreciation

 

811

 

 

746

Net property, plant and equipment

$

2,135

 

$

2,200

 

Machinery, fixtures and equipment having a net book value of $2.1 million and $2.2 million at March 31, 2021 and December 31, 2020, respectively, were pledged as collateral under various financing agreements.

 

Depreciation expense for property, plant and equipment for the three months ended March 31, 2021 and 2020 was $65,000 and $76,000, respectively.

 

Note 7 Long-Term Debt

 

Long-term debt consists of the following:

 

 

March 31
2021

 

December 31 
2020

In thousands

 

8¼% Limited convertible senior subordinated notes due 2012

$

302

    

$

352

9½% Subordinated debentures due 2012

220

220

Revolving credit line

 

702

 

 

612

Term loans - related party

 

1,000

 

 

1,000

Term loan

 

811

 

 

811

Total debt

 

3,035

 

 

2,995

Less deferred financing costs and debt discount

 

148

 

 

180

Net debt

 

2,887

 

 

2,815

Less portion due within one year

 

2,618

 

 

2,546

Net long-term debt

$

269

 

$

269

 

On September 16, 2019, the Company entered into a loan agreement (the “Loan Agreement”) with MidCap.  On June 3, 2020, the Company and MidCap entered into a modification agreement to the Loan Agreement.  The Loan Agreement has a term of three years, unless earlier terminated by the parties in accordance with the termination provisions of the Loan Agreement.  The Loan Agreement allows the Company to borrow up to an aggregate of $4.0 million at an interest rate of the 3-month LIBOR interest rate plus 4.75% (5.00% at March 31, 2021) on a revolving credit loan based on accounts receivable, inventory and equipment for general working capital purposes.  As of March 31, 2021, the balance outstanding under the Loan Agreement was $702,000.  The Loan Agreement also requires the payment of certain fees, including a facility fee, an unused credit line fee and a collateral monitoring charge.  The Loan Agreement contains financial and other covenant requirements, including financial covenants that require the Borrowers to attain certain EBITDA amounts for certain periods, the first of which is for the three months ended March 31, 2021.  The Company was not in compliance with this covenant.  The Loan Agreement is secured by substantially all of the Borrowers’ assets.

 

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The Company has a $500,000 loan from Carlisle Investments Inc. (“Carlisle”) at a fixed interest rate of 12.00%, which matured on April 27, 2019 with a bullet payment of all principal due at such time.  Interest is payable monthly.  As of March 31, 2021, the entire amount was outstanding and is included in current portion of long-term debt in the Consolidated Balance Sheets.  As of March 31, 2021 and December 31, 2020, the Company had accrued $195,000 and $180,000, respectively, of interest related to this loan, which are included in accrued liabilities in the Condensed Consolidated Balance Sheets.  Marco Elser, a former director of the Company, exercises voting and dispositive power as investment manager of Carlisle.

 

The Company has an additional $500,000 loan from Carlisle at a fixed interest rate of 12.00%, which matured on December 10, 2017 with a bullet payment of all principal due at such time (the “Second Carlisle Agreement”).  Interest is payable monthly.  Carlisle has agreed to not demand payment on the loan through at least December 31, 2020.  As of March 31, 2021, the entire amount was outstanding and is included in current portion of long-term debt Consolidated Balance Sheets.  As of March 31, 2021 and December 31, 2020, the Company had accrued $195,000 and $180,000, respectively, of interest related to this loan, which are included in accrued liabilities in the Condensed Consolidated Balance Sheets.  Under the Second Carlisle Agreement, the Company granted a security interest to Carlisle in accounts receivable, materials and intangibles relating to a certain purchase order for equipment issued in April 2017.

 

As of March 31, 2021 and December 31, 2020, the Company had outstanding $302,000 and $352,000, respectively, of Notes.  The Notes matured as of March 1, 2012 and are currently in default.  As of March 31, 2021 and December 31, 2020, the Company had accrued $289,000 and $329,000, respectively, of interest related to the Notes, which is included in Accrued liabilities in the Consolidated Balance Sheets.  The trustee, by notice to the Company, or the holders of 25% of the principal amount of the Notes outstanding, by notice to the Company and the trustee, may declare the outstanding principal plus interest due and payable immediately. On January 15, 2021, holders of $50,000 of the Notes accepted the Company’s offer to exchange each $1,000 of principal, forgiving any related interest, for $400 in cash, for an aggregate payment by the Company of $20,000.  As a result of the transaction, the Company recorded a gain on the extinguishment of debt, net of expenses, of $77,000 in the three months ended March 31, 2021.

 

As of March 31, 2021 and December 31, 2020, the Company had outstanding $220,000 of Debentures.  The Debentures matured as of December 1, 2012 and are currently in default.  As of March 31, 2021 and December 31, 2020, the Company had accrued $237,000 and $232,000, respectively, of interest related to the Debentures, which is included in Accrued liabilities in the Consolidated Balance Sheets.  The trustee, by notice to the Company, or the holders of 25% of the principal amount of the Debentures outstanding, by notice to the Company and the trustee, may declare the outstanding principal plus interest due and payable immediately.

 

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Note 8 Pension Plan

 

As of December 31, 2003, the benefit service under the pension plan had been frozen and, accordingly, there is no service cost.  As of April 30, 2009, the compensation increments had been frozen and, accordingly, no additional benefits are being accrued under the pension plan.

 

The following table presents the components of net periodic pension cost:

 

 

 

Three months ended March 31

In thousands

 

2021

 

2020

Interest cost

 

$

63

 

$

97

Expected return on plan assets

(210)

(203)

Amortization of net actuarial loss

 

 

80

 

 

70

Net periodic pension benefit

$

(67)

$

(36)

 

As of March 31, 2021 and December 31, 2020, the Company had recorded a current pension liability of $465,000 and $1.0 million, respectively, which is included in accrued liabilities in the Condensed Consolidated Balance Sheets, and a long-term pension liability of $4.1 million and $3.7 million, respectively, which is included in deferred pension liability and other in the Condensed Consolidated Balance Sheets.  The minimum required contribution in 2021 is expected to be $465,000, of which the Company has already contributed $56,000 as of March 31, 2021.

 

Note 9 Leases

 

The Company leases administrative and manufacturing facilities through operating lease agreements. The Company has no finance leases as of March 31, 2021.  Our leases include both lease (e.g., fixed payments including rent) and non-lease components (e.g., common area or other maintenance costs). The facility leases include one or more options to renew.  The exercise of lease renewal options is typically at our sole discretion, therefore, the renewals to extend the lease terms are not included in our right of use (“ROU”) assets or lease liabilities as they are not reasonably certain of exercise.  We regularly evaluate the renewal options and, when they are reasonably certain of exercise, we include the renewal period in our lease term.

 

Operating leases result in the recognition of ROU assets and lease liabilities on the Condensed Consolidated Balance Sheets.  ROU assets represent our right to use the leased asset for the lease term and lease liabilities represent our obligation to make lease payments.  Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term.  As most of our leases do not provide an implicit rate, we use our estimated incremental borrowing rate at the commencement date to determine the present value of lease payments.  Most real estate leases include one or more options to renew, with renewal terms that can extend the lease term from 1 to 5 years or more.  Lease expense is recognized on a straight-line basis over the lease term.  Leases with an initial term of 12 months or less are not recorded on the Condensed Consolidated Balance Sheets.  The primary leases we enter into with initial terms of 12 months or less are for equipment.

 

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 Table of Contents


Supplemental information regarding leases:

 

 

 

March, 31

 In thousands, unless otherwise noted

 

 

2021

Balance Sheet:

 

 

 

ROU assets

$

786

Current lease liabilities – operating

 

 

304

Non-current lease liabilities - operating

516

Total lease liabilities

 

 

820

Weighted average remaining lease term (years)

2.4

Weighted average discount rate

 

 

8.9%

Future minimum lease payments:

Remainder of 2021

 

$

278

2022

348

2023

 

 

295

Thereafter

 -

Total

 

 

921

Less: Imputed interest

101

Total lease liabilities

 

 

820

Less: Current lease liabilities

304

Long-term lease liabilities

 

$

516

 

Supplemental cash flow information regarding leases:

 

 

 

For the three months ended

In thousands

 

March 31, 2021

Operating cash flow information:

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

$

92

Non-cash activity:

 

 

 

ROU assets obtained in exchange for lease liabilities

 

 

 -

 

Total operating lease expense and short-term lease expense was $94,000 and $2,000, respectively, for the three months ended March 31, 2021.  Total operating lease expense and short-term lease expense was $101,000 and $18,000, respectively, for the three months ended March 31, 2020.

 

Note 10 – Stockholders’ Deficit and Loss Per Share

 

The following table presents the calculation of loss per share for the three months ended March 31, 2021 and 2020:

 

 

Three months ended March 31

In thousands, except per share data

 

2021

 

2020

Numerator:

 

 

 

 

 

 

Net loss, as reported

$

(621)

 

$

(1,043)

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding

 

13,696

 

 

13,696

Basic and diluted loss per share

 

$

(0.05)

 

$

(0.08)

 

Basic loss per common share is computed by dividing net loss attributable to common shares by the weighted average number of common shares outstanding for the period.  Diluted loss per common share is computed by dividing net loss attributable to common shares, by the weighted average number of common shares outstanding, adjusted for shares that would be assumed outstanding after warrants and stock options vested under the treasury stock method.

 

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 Table of Contents

 

As of March 31, 2021 and 2020, the Company had warrants to purchase 250,000 shares of Common Stock outstanding which were included in the calculation of diluted loss per share because their exercise price was less than the average stock price for the period so their inclusion was dilutive.  As of March 31, 2021 and 2020, the Company had other warrants to purchase 1.6 million and 10,000 shares, respectively, of Common Stock outstanding, which were excluded from the calculation of diluted loss per share because their exercise price was greater than the average stock price for the period and their inclusion would have been anti-dilutive.

 

Note 11 – Contingencies

 

The Company is subject to legal proceedings and claims which arise in the ordinary course of its business and/or which are covered by insurance.  The Company has accrued reserves individually and in the aggregate for such legal proceedings.  Should actual litigation results differ from the Company’s estimates, revisions to increase or decrease the accrued reserves may be required.  There are no open matters that the Company deems material.

 

Note 12 Related Party Transactions

 

The Company has the following related party transactions:

 

As of March 31, 2021, Unilumin USA (“Unilumin”) owns 52.0% of the Company’s Common Stock and beneficially owns 53.7% of the Company’s Common Stock.  Nicholas J. Fazio, Yang Liu and Yantao Yu, each directors of the Company, are each directors and/or officers of Unilumin.  The Company purchased $419,000 and $32,000 of product from Unilumin in the three months ended March 31, 2021 and 2020, respectively.  The amount payable by the Company to Unilumin was $1.1 million and $231,000 as of March 31, 2021 and December 31, 2020, respectively.

 

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.

 

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 Table of Contents

 

Foreign revenues represent less than 10% of the Company’s revenues in the three months ended March 31, 2021 and 2020.  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 months ended March 31, 2021 and 2020 is as follows:

 

 

 

Three Months Ended March 31

In thousands

 

2021

 

2020

Revenues:

 

 

 

 

 

 

Digital product sales

$

2,093

$

1,334

Digital product lease and maintenance

 

 

493

 

 

579

Total revenues

$

2,586

 

$

1,913

Operating (loss) income:

 

 

 

 

 

 

Digital product sales

$

(626)

$

(982)

Digital product lease and maintenance

 

 

319

 

 

362

Corporate general and administrative expenses

 

(313)

 

 

(547)

Total operating loss

 

 

(620)

 

 

(1,167)

Interest expense, net

(103)

(108)

(Loss) gain on foreign currency remeasurement

 

 

(36)

 

 

202

Gain on extinguishment of debt

77

 -

Pension benefit

 

 

67

 

 

36

Loss before income taxes

(615)

(1,037)

Income tax expense

 

 

(6)

 

 

(6)

Net loss

$

(621)

 

$

(1,043)

 

 March 31

 

 December 31

 

2021

 

2020

Assets

 

 

 

 

 

 

Digital product sales

$

5,397

$

5,231

Digital product lease and maintenance

 

 

1,620

 

 

1,781

Total identifiable assets

7,017

7,012

General corporate

 

 

351

 

 

43

Total assets

 

$

7,368

 

$

7,055

 

Note 15 Subsequent Events

 

The Company has evaluated events and transactions subsequent to March 31, 2021 and through the date these Condensed Consolidated Financial Statements were included in this Form 10-Q and filed with the SEC.

 

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Item 2.             Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

Overview

 

Trans-Lux is a leading supplier of LED technology for display applications.  The essential elements of these systems are the real-time, programmable digital products that we design, manufacture, distribute and service.  Designed to meet the digital signage solutions for any size venue’s indoor and outdoor needs, these displays are used primarily in applications for the financial, banking, gaming, corporate, advertising, transportation, entertainment and sports markets.  The Company operates in two reportable segments: Digital product sales and Digital product lease and maintenance.

 

The Digital product sales segment includes worldwide revenues and related expenses from the sales of both indoor and outdoor digital product signage.  This segment includes the financial, government/private, gaming, scoreboards and outdoor advertising markets.  The Digital product lease and maintenance segment includes worldwide revenues and related expenses from the lease and maintenance of both indoor and outdoor digital product signage.  This segment includes the lease and maintenance of digital product signage across all markets.

 

Results of Operations

 

Three Months Ended March 31, 2021 Compared to Three Months Ended March 31, 2020

 

The following table presents our Statements of Operations data, expressed as a percentage of revenue for the three months ended March 31, 2021 and 2020:

 

 

Three months ended March 31

In thousands, except percentages

2021

 

2020

Revenues:

 

 

 

 

 

 

 

 

 

 

 

Digital product sales

$

 2,093

80.9

%

$

1,334

69.7

%

Digital product lease and maintenance

 

      493

 

19.1

%

 

 

       579

 

30.3

%

Total revenues

 

   2,586

 

100.0

%

 

 

    1,913

 

100.0

%

Cost of revenues:

 

 

 

 

 

 

 

Cost of digital product sales

   2,254

87.2

%

    1,703

89.0

%

Cost of digital product lease and maintenance

 

      153

 

5.9

%

 

 

       186

 

9.7

%

Total cost of revenues

 

   2,407

 

93.1

%

 

 

    1,889

 

98.7

%

Gross profit

 

      179

 

6.9

%

 

 

        24

 

1.3

%

General and administrative and restructuring expenses

 

     (799)

 

(30.9)

%

 

 

  (1,191)

 

(62.3)

%

Operating loss

 

     (620)

 

(24.0)

%

 

 

  (1,167)

 

(61.0)

%

Interest expense, net

     (103)

(4.0)

%

     (108)

(5.6)

%

(Loss) gain on foreign currency remeasurement

 

       (36)

 

(1.4)

%

 

 

202

 

10.6

%

Gain on extinguishment of debt

 

        77

 

3.0

%

 

 

          -

 

-

%

Pension benefit

 

        67

 

2.6

%

 

 

        36

 

1.9

%

Loss before income taxes

     (615)

(23.8)

%

  (1,037)

(54.2)

%

Income tax expense

 

         (6)

 

(0.2)

%

 

 

         (6)

 

(0.3)

%

Net loss

$

 (621)

 

(24.0)

%

 

$

(1,043)

 

   (54.5)

%

 

Total revenues for the three months ended March 31, 2021 increased $673,000 or 35.2% to $2.6 million from $1.9 million for the three months ended March 31, 2020, primarily due to increases in Digital product sales.

 

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Digital product sales revenues increased $759,000 or 56.9%, primarily due to the elimination of the delays and manufacturing facility shutdowns that occurred in the three months ended March 31, 2020.

 

Digital product lease and maintenance revenues decreased $86,000 or 14.9%, primarily due to the continued expected revenue decline in the older outdoor display equipment rental bases acquired in the early 1990s.  The financial services market continues to be negatively impacted by the current investment climate resulting in consolidation within that industry and the wider use of flat-panel screens for smaller applications.

 

Total operating loss for the three months ended March 31, 2021 decreased $547,000 to $620,000 from $1.2 million for the three months ended March 31, 2020, principally due to the increase in revenues and a decrease in the cost of revenues as a percentage of revenues.

 

Digital product sales operating loss decreased $356,000 to $626,000 for the three months ended March 31, 2021 compared to $982,000 for the three months ended March 31, 2020, primarily due to the increase in revenues and a decrease in general and administrative expenses.  The cost of Digital product sales increased $551,000 or 32.4%, primarily due to the increase in revenues.  The cost of Digital product sales represented 107.7% of related revenues in 2021 compared to 127.7% in 2020.  This decrease as a percentage of revenues is primarily due to manufacturing efficiencies due to the increase in revenues.  General and administrative expenses for Digital product sales decreased $148,000 or 24.1%, primarily due to decreases in bad debt expenses and employees’ expenses, partially offset by an increase in consulting expenses.

 

Digital product lease and maintenance operating income decreased $43,000 or 11.9%, primarily as a result of the decrease in revenues, partially offset by a decrease in the cost of Digital product lease and maintenance.  The cost of Digital product lease and maintenance decreased $33,000 or 17.7%, primarily due to a decrease in depreciation expense.  The cost of Digital product lease and maintenance revenues represented 31.0% of related revenues in 2021 compared to 32.1% in 2020.  The cost of Digital product lease and maintenance includes field service expenses, plant repair costs, maintenance and depreciation.  General and administrative expenses for Digital product lease and maintenance decreased $10,000 or 32.3%, primarily due to a reduction in employees’ expenses, partially offset by an increase in bad debt expenses.

 

Corporate general and administrative expenses decreased $234,000 or 42.8%, primarily due to reductions in employees’ expenses and legal, rent and insurance expenses.

 

Net interest expense decreased $5,000 or 4.6%, primarily due to a decrease in interest rates.

 

The effective tax rate for the three months ended March 31, 2021 and 2020 was 0.8% and 0.6%, respectively.  Both the 2021 and 2020 tax rates are being affected by the valuation allowance on the Company’s deferred tax assets as a result of reporting pre-tax losses.

 

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 Table of Contents


Liquidity and Capital Resources

 

Current Liquidity

 

The Company has incurred significant recurring losses and continues to have a significant working capital deficiency.  The Company incurred a net loss of $621,000 in the three months ended March 31, 2021 and had a working capital deficiency of $6.3 million as of March 31, 2021.  As of December 31, 2020, the Company also had a working capital deficiency of $6.3 million.  The working capital deficiency was primarily affected by an increase in the accounts receivable as well as decreases in accrued liabilities and customer deposits, offset by decreases in inventories and prepaids and other assets, as well as an increase in accounts payable.

 

The Company is dependent on future operating performance in order to generate sufficient cash flows in order to continue to run its businesses.  Future operating performance is dependent on general economic conditions, as well as financial, competitive and other factors beyond our control, including the impact of the current economic environment, the spread of major epidemics (including coronavirus) and other related uncertainties such as government imposed travel restrictions, interruptions to supply chains, extended shut down of businesses and the impact of inflation.  In order to more effectively manage its cash resources, the Company had, from time to time, increased the timetable of its payment of some of its payables, which delayed certain product deliveries from our vendors, which in turn delayed certain deliveries to our customers.

 

There is substantial doubt as to whether we will have adequate liquidity, including access to the debt and equity capital markets, to operate our business over the next 12 months from the date of issuance of this Form 10-Q.  The Company continually evaluates the need and availability of long-term capital in order to meet its cash requirements and fund potential new opportunities.

 

The Company generated cash of $238,000 and used cash of $754,000 from operating activities for the three months ended March 31, 2021 and 2020, respectivelyThe Company has implemented several initiatives to improve operational results and cash flows over future periods, including reducing head count, reorganizing its sales department and outsourcing certain administrative functions.  The Company continues to explore ways to reduce operational and overhead costs.  The Company periodically takes steps to reduce the cost to maintain the digital products on lease and maintenance agreements.

 

Cash, cash equivalents and restricted cash increased $308,000 in the three months ended March 31, 2021 to $351,000 at March 31, 2021 from $43,000 at December 31, 2020.  The increase is primarily attributable to cash generated by operating activities of $238,000 and borrowings on the revolving loan of $90,000.  The current economic environment has increased the Company’s trade receivables collection cycle, and its allowances for uncollectible accounts receivable, but collections continue to be favorable.

 

Under various agreements, the Company is obligated to make future cash payments in fixed amounts.  These include payments under the Company’s current and long-term debt agreements, pension plan minimum required contributions, employment agreement payments and rent payments required under operating lease agreements.  The Company has both variable and fixed interest rate debt.  Interest payments are projected based on actual interest payments incurred in 2021 until the underlying debts mature.

 

20


 Table of Contents

 

The following table summarizes the Company’s fixed cash obligations as of March 31, 2021 for the remainder of 2021 and over the next four fiscal years:

 

In thousands

Remainder of
2021

 

2022

 

2023

 

2024

 

2025

Long-term debt, including interest

$

3,558

 

$

   406

 

$

     -

 

$

     -

 

$

     -

Pension plan payments

409

407

355

248

115

Estimated warranty liability

110

114

73

48

20

Operating lease payments

 

281

 

 

348

 

 

309

 

 

-

 

 

-

Total

$

4,358

 

$

1,275

 

$

737

 

$

296

 

$

135

 

As of March 31, 2021, the Company had outstanding $302,000 of Notes which matured as of March 1, 2012.  The Company also had outstanding $220,000 of Debentures which matured on December 1, 2012.  The Company continues to consider future exchanges of the Notes and Debentures, but has no agreements, commitments or understandings with respect to any further such exchanges.

 

The Company may still seek additional financing in order to provide enough cash to cover our remaining current fixed cash obligations as well as providing working capital.  However, there can be no assurance as to the amounts, if any, the Company will receive in any such financing or the terms thereof.  The Company has no agreements, commitments or understandings with respect to any such financings.  To the extent the Company issues additional equity securities, it could be dilutive to existing shareholders.

 

For a further description of the Company’s long-term debt, see Note 7 to the Condensed Consolidated Financial Statements – Long-Term Debt.

 

Pension Plan Contributions

 

The minimum required pension plan contribution for 2021 is expected to be $465,000, of which the Company has already contributed $56,000 as of March 31, 2021.  See Note 8 to the Condensed Consolidated Financial Statements – Pension Plan for further details.

 

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

 

The Company may, from time to time, provide estimates as to future performance.  These forward-looking statements will be estimates and may or may not be realized by the Company.  The Company undertakes no duty to update such forward-looking statements.  Many factors could cause actual results to differ from these forward-looking statements, including loss of market share through competition, introduction of competing products by others, pressure on prices from competition or purchasers of the Company’s products, interest rate and foreign exchange fluctuations, the impact of inflation, terrorist acts and war.

 

21


 Table of Contents


Item 3.             Quantitative and Qualitative Disclosures about Market Risk

 

The Company is subject to interest rate risk on its long-term debt.  The Company manages its exposure to changes in interest rates by the use of variable and fixed interest rate debt.  The fair value of the Company’s fixed rate long-term debt is disclosed in Note 7 to the Condensed Consolidated Financial Statements – Long-Term Debt.  Every 1-percentage-point change in interest rates would result in an annual interest expense fluctuation of approximately $7,000.  In addition, the Company is exposed to foreign currency exchange rate risk mainly as a result of its investment in its Canadian subsidiary. A 10% change in the Canadian dollar relative to the U.S. dollar would result in a currency remeasurement expense fluctuation of approximately $272,000, based on dealer quotes, considering current exchange rates.  The Company does not enter into derivatives for trading or speculative purposes and did not hold any derivative financial instruments at March 31, 2021.

 

Item 4.             Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures.  As required by Rule 13a-15 under the Securities Exchange Act of 1934, as of the end of the period covered by this report, we have carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer (our principal executive officer) and our Chief Accounting Officer (our principal accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures.  Our Chief Executive Officer and Chief Accounting Officer have concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC and that such information is accumulated and communicated to our management (including our Chief Executive Officer and our Chief Accounting Officer) to allow timely decisions regarding required disclosures.  Based on such evaluation, our Chief Executive Officer and Chief Accounting Officer have concluded that these disclosure controls are effective as of March 31, 2021.

 

Changes in Internal Control over Financial Reporting.  There has been no change in the Company’s internal control over financial reporting that occurred in the quarter ended March 31, 2021 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

 

Part II – Other Information

 

Item 1.             Legal Proceedings

 

The Company is subject to legal proceedings and claims which arise in the ordinary course of its business and/or which are covered by insurance.  The Company has accrued reserves individually and in the aggregate for such legal proceedings.  Should actual litigation results differ from the Company’s estimates, revisions to increase or decrease the accrued reserves may be required.  There are no open matters that the Company deems material.

 

22


 Table of Contents

 

Item 1A.          Risk Factors

 

The Company is subject to a number of risks including general business and financial risk factors.  Any or all of such factors could have a material adverse effect on the business, financial condition or results of operations of the Company.  You should carefully consider the risk factors identified in our Annual Report on Form 10-K for the year ended December 31, 2020.

 

Item 2.             Unregistered Sales of Equity Securities and Use of Proceeds

 

None.

 

Item 3.             Defaults upon Senior Securities

 

As disclosed in Note 7 to the Condensed Consolidated Financial Statements – Long-Term Debt, the Company had outstanding $302,000 of Notes which are no longer convertible into common shares.  The Notes matured as of March 1, 2012 and are currently in default.  As of March 31, 2021 and December 31, 2020, the Company had accrued $289,000 and $329,000, respectively, of interest related to the Notes, which is included in accrued liabilities in the Condensed Consolidated Balance Sheets.

 

As disclosed in Note 7 to the Condensed Consolidated Financial Statements – Long-Term Debt, the Company has outstanding $220,000 of Debentures.  The Debentures matured as of December 1, 2012 and are currently in default.  As of March 31, 2021 and December 31, 2020, the Company had accrued $237,000 and $232,000, respectively, of interest related to the Debentures, which is included in accrued liabilities in the Condensed Consolidated Balance Sheets.  The trustee, by notice to the Company, or the holders of 25% of the principal amount of the Debentures outstanding, by notice to the Company and the trustee, may declare the outstanding principal plus interest due and payable immediately.

 

Item 4.             Mine Safety Disclosures

 

Not applicable.

 

Item 5.             Other Information

 

None.

 

23


 Table of Contents


Item 6.             Exhibits

 

31.1     Certification of Nicholas J. Fazio, Interim Chief Executive Officer, pursuant to Rule 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, filed herewith.

 

31.2     Certification of Todd Dupee, Senior Vice President and Chief Accounting Officer, pursuant to Rule 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, filed herewith.

 

32.1     Certification of Nicholas J. Fazio, Interim Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, filed herewith.

 

32.2     Certification of Todd Dupee, Senior Vice President and Chief Accounting Officer,  pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, filed herewith.

 

24


 Table of Contents

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

TRANS-LUX CORPORATION

(Registrant)

by 

/s/  Nicholas J. Fazio

Nicholas J. Fazio

Chief Executive Officer

by 

 /s/  Todd Dupee

Todd Dupee

Senior Vice President and

Chief Accounting Officer

 

 

 

Date:  May 14, 2021

 

25

EX-31.1 2 exhibit31_1.htm EXHIBIT 31.1 Exhibit 31.1

 

EXHIBIT 31.1


TRANS-LUX CORPORATION

CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER

PURSUANT TO RULE 13a-14(a) UNDER THE EXCHANGE ACT


I, Nicholas J. Fazio, certify that:

1.         I have reviewed this quarterly report on Form 10-Q of Trans-Lux Corporation for the quarter ended March 31, 2021;

2.         Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.         Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant, as of, and for, the periods presented in this report;

4.         I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 (e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15 (f) and 15d-15(f)) for the registrant and have:

a)          designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

b)          designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)          evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)          disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.         I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)          all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)          any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


/s/ Nicholas J. Fazio

Date: May 14, 2021

Nicholas J. Fazio

Chief Executive Officer

(Principal Executive Officer)

 




EX-31.2 3 exhibit31_2.htm EXHIBIT 31.2 Exhibit 31.2

 

EXHIBIT 31.2


TRANS-LUX CORPORATION

CERTIFICATION OF THE CHIEF ACCOUNTING OFFICER

PURSUANT TO RULE 13a-14(a) UNDER THE EXCHANGE ACT


I, Todd Dupee, certify that:

1.         I have reviewed this quarterly report on Form 10-Q of Trans-Lux Corporation for the quarter ended March 31, 2021;

2.         Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.         Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant, as of, and for, the periods presented in this report;

4.         I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 (e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15 (f) and 15d-15(f)) for the registrant and have:

a)         designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

b)         designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)          evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)          disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.         I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)          all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)          any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


/s/ Todd Dupee           

Date: May 14, 2021

Todd Dupee

Senior Vice President and
Chief Accounting Officer

(Principal Financial Officer)

 




EX-32.1 4 exhibit32_1.htm EXHIBIT 32.1 Exhibit 32.1

 

EXHIBIT 32.1



 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002



Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code), I, Nicholas J. Fazio, Chief Executive Officer of Trans-Lux Corporation (the “Registrant”), do hereby certify, to the best of my knowledge that:


(1) The Registrant’s Annual Report on Form 10-Q for the quarter ended March 31, 2021 being filed with the Securities and Exchange Commission (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and


(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.


This Certification accompanies this Form 10-Q as an exhibit, but shall not be deemed as having been filed for purposes of Section 18 of the Securities Exchange Act of 1934 or as a separate disclosure document of the Registrant or the certifying officer.




 

/s/ Nicholas J. Fazio

Date: May 14, 2021

Nicholas J. Fazio

Chief Executive Officer

(Principal Executive Officer)

 



EX-32.2 5 exhibit32_2.htm EXHIBIT 32.2 Exhibit 32.2

 

EXHIBIT 32.2



 

CERTIFICATION OF CHIEF ACCOUNTING OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002



Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code), I, Todd Dupee, Senior Vice President and Chief Accounting Officer of Trans-Lux Corporation (the “Registrant”), do hereby certify, to the best of my knowledge that:


(1) The Registrant’s Annual Report on Form 10-Q for the quarter ended March 31, 2021 being filed with the Securities and Exchange Commission (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and


(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.


This Certification accompanies this Form 10-Q as an exhibit, but shall not be deemed as having been filed for purposes of Section 18 of the Securities Exchange Act of 1934 or as a separate disclosure document of the Registrant or the certifying officer.




 

/s/ Todd Dupee           

Date: May 14, 2021

Todd Dupee

Senior Vice President and

Chief Accounting Officer

(Principal Financial Officer)

 



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New Roman&quot;,serif; font-size: 12pt; "> <h2 style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; PAGE-BREAK-AFTER:avoid; FONT-WEIGHT:bold; TEXT-ALIGN:justify; MARGIN:0cm; LINE-HEIGHT:normal"><font>Note 1 </font><font style="FONT-WEIGHT:normal">&#8211;</font><font>Basis of Presentation</font></h2><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>As used in this report, &#8220;Trans-Lux,&#8221; the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; and &#8220;our&#8221; refer to Trans-Lux Corporation and its subsidiaries.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>Financial information included herein is unaudited, however, such information reflects all adjustments (of a normal and recurring nature), which are, in the opinion of management, necessary for the fair presentation of the Condensed Consolidated Financial Statements for the interim periods. The results for the interim periods are not necessarily indicative of the results to be expected for the full year.&#xa0; The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (the &#8220;SEC&#8221;) and therefore do not include all information and footnote disclosures required under accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;). &#xa0;The Condensed Consolidated Financial Statements included herein should be read in conjunction with the Consolidated Financial Statements and notes included in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2020.&#xa0; The Condensed Consolidated Balance Sheet at December 31, 2020 is derived from the December 31, 2020 audited financial statements.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><i><font>The following new accounting pronouncements were adopted in 2021:</font></i></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><a name="_Hlk507964495"><font>In August 2018, the </font></a><font style="LAYOUT-GRID-MODE:both">Financial Accounting Standards Board (&#8220;FASB&#8221;) </font><font>issued ASU 2018-14, <i>Compensation &#8211; Retirement Benefits &#8211; Defined Benefit Plans &#8211; General (Subtopic 715-20)</i>.&#xa0; ASU 2018-14 modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans.&#xa0; Public business entities should apply the amendments in ASU 2018-14 for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years (i.e., January 1, 2021).&#xa0; Early application is permitted.&#xa0; The adoption of this standard did not have a material effect on the Company&#8217;s consolidated financial position and results of operations.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><i><font>The following new accounting pronouncements, and related impacts on adoption, are being evaluated by the Company:</font></i></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>None.</font></p><br/></div> <div style="font-family: &quot;Times New Roman&quot;,serif; font-size: 12pt; "> <p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><b><font>Note 2 </font></b><font>&#8211;<b> Liquidity and Going Concern</b></font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>A fundamental principle of the preparation of financial statements in accordance with GAAP is the assumption that an entity will continue in existence as a going concern, which contemplates continuity of operations and the realization of assets and settlement of liabilities occurring in the ordinary course of business.&#xa0; This principle is applicable to all entities except for entities in liquidation or entities for which liquidation appears imminent.&#xa0; In accordance with this requirement, the Company has prepared its accompanying Consolidated Financial Statements assuming the Company will continue as a going concern.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>Due to the onset of the COVID-19 pandemic in 2020, the Company experienced a reduction in sales orders from customers.&#xa0; As a result, the Company incurred a net loss of $621,000 in the three months ended March 31, 2021 and had a working capital deficiency of $6.3 million as of March 31, 2021.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>The Company is dependent on future operating performance in order to generate sufficient cash flows in order to continue to run its businesses.&#xa0; Future operating performance is dependent on general economic conditions, as well as financial, competitive and other factors beyond our control, including the impact of the current economic environment, the spread of major epidemics (including coronavirus) and other related uncertainties such as government-imposed travel restrictions, interruptions to supply chains and extended shut down of businesses.&#xa0; In order to more effectively manage its cash resources, the Company had, from time to time, increased the timetable of its payment of some of its payables, which delayed certain product deliveries from our vendors, which in turn delayed certain deliveries to our customers.</font></p><br/><p style="font-size: 12pt; font-family: 'Times New Roman',serif; layout-grid-mode: line; text-align: justify; margin: 0cm;">Our independent registered public accounting firm has issued an opinion on our Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2020 that states that the Consolidated Financial Statements were prepared assuming we will continue as a going concern and further states that the continuing losses and uncertainty regarding our ability to make the required minimum funding contributions to the defined benefit pension plan and the past due principal and interest payments on our outstanding 8&#xbc;% Limited convertible senior subordinated notes due 2012 (the &#x201c;Notes&#x201d;) and 9&#xbd;% Subordinated debentures due 2012 (the &#x201c;Debentures&#x201d;) raises substantial doubt about our ability to continue as a going concern. In addition, if we are unable to (i) obtain additional liquidity for working capital, (ii) make the required minimum funding contributions to the defined benefit pension plan, (iii) make the required principal and interest payments on the Notes and the Debentures and/or (iv) repay our obligations under our Loan Agreement (hereinafter defined) with MidCap Business Credit LLC (&#x201c;MidCap&#x201d;), there would be a significant adverse impact on our financial position and operating results. The Company continually evaluates the need and availability of long-term capital in order to meet its cash requirements and fund potential new opportunities.</p><br/></div> 6300000 <div style="font-family: &quot;Times New Roman&quot;,serif; font-size: 12pt; "> <p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><b><font>Note 3 </font></b><font>&#8211;<b> Revenue Recognition</b></font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>Revenue is recognized when a customer obtains control of promised goods or services in an amount that reflects the consideration which the entity expects to receive in exchange for those goods or services.&#xa0; To determine revenue recognition for arrangements that an entity determines are within the scope of this standard, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation.&#xa0; The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer.&#xa0; At contract inception, once the contract is determined to be within the scope of this standard, the Company assesses the goods or services promised within each contract and determines those that are performance obligations and assesses whether each promised good or service is distinct.&#xa0; The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied.&#xa0; Sales tax, value added tax and other taxes collected on behalf of third parties are excluded from revenue.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>Contracts with customers may contain multiple performance obligations.&#xa0; For such arrangements, the transaction price is allocated to each performance obligation based on the estimated relative standalone selling prices of the promised products or services underlying each performance obligation.&#xa0; The Company determines standalone selling prices based on the price at which the performance obligation is sold separately.&#xa0; If the standalone selling price is not observable through past transactions, the Company estimates the standalone selling price taking into account available information such as market conditions and internally approved pricing guidelines related to the performance obligations.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>When determining the transaction price of a contract, an adjustment is made if payment from a customer occurs either significantly before or significantly after performance, resulting in a significant financing component.&#xa0; Applying the practical expedient in paragraph 606-10-32-18, the Company does not assess whether a significant financing component exists if the period between when the Company performs its obligations under the contract and when the customer pays is one year or less.&#xa0; None of the Company&#8217;s contracts contained a significant financing component as of March 31, 2021.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>We recognize revenue in accordance with two different accounting standards: 1) Accounting Standards Codification (&#8220;ASC&#8221;) Topic 606 and 2) ASC Topic 842.&#xa0; Under Topic 606, revenue from contracts with customers is measured based on the consideration specified in the contract with the customer, and excludes any sales incentives and amounts collected on behalf of third parties.&#xa0; A performance obligation is a promise in a contract to transfer a distinct good or service to a customer, and is the unit of account under Topic 606.&#xa0; Our contracts with customers generally do not include multiple performance obligations.&#xa0; We recognize revenue when we satisfy a performance obligation by transferring control over a product or service to a customer.&#xa0; The amount of revenue recognized reflects the consideration we expect to be entitled to in exchange for such products or services.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><b><font>Disaggregated Revenues</font></b></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>The following table represents a disaggregation of revenue from contracts with customers for the three months ended March 31, 2021 and 2020, along with the reportable segment for each category:</font></p><br/><table width="733" style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:8cm; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="5" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">For the Three Months Ended</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:8cm; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31, 2021</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31, 2020</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:8cm; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Digital product sales:</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:8cm; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:7.2pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Catalog and small customized products</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,093 </font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,334 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:8cm; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:7.2pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Large customized products </font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">&#xa0;- </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">-</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:8cm; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:14.4pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Subtotal</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,093 </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,334 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:8cm; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:7.2pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Digital product lease and maintenance:</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:8cm; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:7.2pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Operating leases</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">209 </font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">279 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:8cm; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:10pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Maintenance agreements</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">284 </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">300 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:8cm; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:14.4pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Subtotal</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">493 </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">579 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:8cm; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Total</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,586 </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,913 </font></p></td></tr></table><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><b><font>Performance Obligations</font></b></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>The Company has two primary revenue streams which are Digital product sales and Digital product lease and maintenance.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><a name="_Hlk513041528"><i><font>Digital Product Sales</font></i></a></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>The Company recognizes net revenue on digital product sales to its distribution partners and to end users related to digital display solutions and fixed digit scoreboards. &#xa0;For the Company&#8217;s catalog products, revenue is generally recognized when the customer obtains control of the Company&#8217;s product, which occurs at a point in time, and may be upon shipment or upon delivery based on the contractual shipping terms of a contract. &#xa0;For the Company&#8217;s customized products, revenue is either recognized at a point in time or over time depending on the size of the contract. &#xa0;For those customized product contracts that are smaller in size, revenue is generally recognized when the customer obtains control of the Company&#8217;s product, which occurs at a point in time, and may be upon shipment or upon delivery based on the contractual shipping terms of a contract. &#xa0;For those customized product contracts that are larger in size, revenue is recognized over time based on incurred costs as compared to projected costs using the input method, as this best reflects the Company&#8217;s progress in transferring control of the customized product to the customer. &#xa0;The Company may also contract with a customer to perform installation services of digital display products. &#xa0;Similar to the larger customized products, the Company recognizes the revenue associated with installation services using the input method, whereby the basis is the total contract costs incurred to date compared to the total expected costs to be incurred.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>Revenue on sales to distribution partners are recorded net of prompt-pay discounts, if offered, and other deductions. &#xa0;To the extent the transaction price includes variable consideration, the Company estimates the amount of variable consideration that should be included in the transaction price utilizing the most likely amount method to which the Company expects to be entitled.&#xa0; In the case of prompt-pay discounts, there are only two possible outcomes: either the customer pays on-time or does not. &#xa0;Variable consideration is included in the transaction price if, in the Company&#8217;s judgment, it is probable that a significant future reversal of cumulative revenue under the contract will not occur. &#xa0;Determination of whether to include estimated amounts in the transaction price are based largely on an assessment of the Company&#8217;s anticipated performance and all information (historical, current and forecasted) that is reasonably available. &#xa0;The Company believes that the estimates it has established are reasonable based upon current facts and circumstances. &#xa0;Applying different judgments to the same facts and circumstances could result in the estimated amounts to vary. &#xa0;The Company offers an assurance-type warranty that the digital display products will conform to the published specifications. &#xa0;Returns may only be made subject to this warranty and not for convenience.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><i><font>Digital Product Lease and Maintenance</font></i></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>Digital product lease revenues represent revenues from leasing equipment that we own. &#xa0;We do not generally provide an option for the lessee to purchase the rented equipment at the end of the lease and do not generate material revenue from sales of equipment under such options. &#xa0;Our lease revenues do not include material amounts of variable payments.&#xa0; Digital product maintenance revenues represent revenues from maintenance agreements for equipment that we do not own. &#xa0;Lease and maintenance contracts generally run for periods of one month to 10 years. &#xa0;A contract entered into by the Company with a customer may contain both lease and maintenance services (either or both services may be agreed upon based on the individual customer contract).&#xa0; Maintenance services may consist of providing labor, parts and software maintenance as may be required to maintain the customer&#8217;s equipment in proper operating condition at the customer&#8217;s service location. &#xa0;The Company concluded the lease and maintenance services represent a series of distinct services and the most representative method for measuring progress towards satisfying the performance obligation of these services is the input method. &#xa0;Additionally, maintenance services require the Company to &#8220;stand ready&#8221; to provide support to the customer when and if needed. &#xa0;As there is no discernable pattern of efforts other than evenly over the lease and maintenance terms, the Company will recognize revenue straight-line over the lease and maintenance terms of service.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>The Company has an enforceable right to payment for performance completed to date, as evidenced by the requirement that the customer pay upfront for each month of services. Lease and maintenance service amounts billed ahead of revenue recognition are recorded in deferred revenue and are included in accrued liabilities in the Condensed Consolidated Financial Statements.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>Revenues from equipment lease and maintenance contracts are recognized during the term of the respective agreements.&#xa0; At March 31, 2021, the future minimum lease payments due to the Company under operating leases that expire at varying dates through 2028 for its rental equipment and maintenance contracts, assuming no renewals of existing leases or any new leases, aggregating $2,270,000 are as follows:&#xa0; $649,000 &#8211; remainder of 2021, $516,000 &#8211; 2022, $365,000 &#8211; 2023, $292,000 &#8211; 2024, $200,000 &#8211; 2025 and $248,000 thereafter.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><b><font>Contract Balances with Customers</font></b></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>Contract assets primarily relate to rights to consideration for goods or services transferred to the customer when the right is conditional on something other than the passage of time. &#xa0;The contract assets are transferred to the receivables when the rights become unconditional.&#xa0; As of March 31, 2021 and December 31, 2020, the Company had no contract assets. &#xa0;The contract liabilities primarily relate to the advance consideration received from customers for contracts prior to the transfer of control to the customer and therefore revenue is recognized on completion of delivery. &#xa0;Contract liabilities are classified as deferred revenue by the Company and are included in customer deposits and accrued liabilities </font><font style="LAYOUT-GRID-MODE:both">in the Condensed Consolidated Balance Sheets</font><font>.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>The following table presents the balances in the Company&#8217;s receivables and contract liabilities with customers:</font></p><br/><table width="733" style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:370.25pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands</font></p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:7.25pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:75.75pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31, 2021</font></p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:3pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:93.75pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">December 31, 2020</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:370.25pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Gross receivables</font></p></td> <td style="HEIGHT:15pt; WIDTH:7.25pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:10.85pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:64.9pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,397 </font></p></td> <td style="HEIGHT:15pt; WIDTH:3pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:13.4pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:80.35pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,042 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:370.25pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Allowance for bad debts</font></p></td> <td style="HEIGHT:15pt; WIDTH:7.25pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:10.85pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:64.9pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">619 </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:3pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:13.4pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:80.35pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">660 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:370.25pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Net receivables</font></p></td> <td style="HEIGHT:15pt; WIDTH:7.25pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:10.85pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:64.9pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,778 </font></p></td> <td style="HEIGHT:15pt; WIDTH:3pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:13.4pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:80.35pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,382 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:370.25pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Contract liabilities</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:7.25pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:10.85pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:64.9pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">609 </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:3pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:13.4pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:80.35pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">618 </font></p></td></tr></table><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>During the three months ended March 31, 2021 and 2020, the Company recognized the following revenues as a result of changes in the contract asset and the contract liability balances in the respective periods:</font></p><br/><table width="733" style="WIDTH:550.1pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:300.25pt; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="5" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">For the Three Months Ended</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:300.25pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31, 2021</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31, 2020</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:300.25pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Revenue recognized in the period from:</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:300.25pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Amounts included in the contract liability at the beginning of the period</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">479 </font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">69 </font></p></td></tr> <tr style="HEIGHT:26.25pt"> <td style="BORDER-TOP:0px; HEIGHT:26.25pt; BORDER-RIGHT:0px; WIDTH:300.25pt; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Performance obligations satisfied in previous periods (for example, due to changes in transaction price)</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:26.25pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:26.25pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:26.25pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">&#xa0;- </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:26.25pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:26.25pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:26.25pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">&#xa0;- </font></p></td></tr></table><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><b><font>Transaction Price Allocated to Future Performance Obligations &#8211; alternative more qualitative presentation</font></b></p><br/><p style="font-size: 12pt; font-family: 'Times New Roman',serif; layout-grid-mode: line; text-align: justify; margin: 0cm;"><font>Remaining performance obligations represent the transaction price of contracts for which work has not been performed (or has been partially performed).&#xa0; The guidance provides certain practical expedients that limit this requirement and, therefore, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which revenue is recognized at the amount to which the Company has the right to invoice for services performed. &#xa0;As of March 31, 2021, the aggregate amount of the transaction price allocated to remaining performance obligations for digital product sales was $1.9 million and digital product lease and maintenance was $2.3 million. &#xa0;</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>The Company expects to recognize revenue on approximately 67%, 18% and 15% of the remaining performance obligations over the next 12 months, 13 to 36 months and 37 or more months, respectively.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><b><font>Costs to Obtain or Fulfill a Customer Contract</font></b></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>The Company capitalizes incremental costs of obtaining customer contracts. &#xa0;Capitalized commissions are amortized based on the transfer of the products or services to which the assets relate.&#xa0; Applying the practical expedient in paragraph 340-40-25-4, the Company recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets that the Company otherwise would have recognized is one year or less. &#xa0;These costs are included in General and administrative expenses.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>The Company accounts for shipping and handling activities related to contracts with customers as costs to fulfill the promise to transfer the associated products. &#xa0;When shipping and handling costs are incurred after a customer obtains control of the products, the Company also has elected to account for these as costs to fulfill the promise and not as a separate performance obligation. &#xa0;Shipping and handling costs associated with the distribution of finished products to customers are recorded in costs of goods sold and are recognized when the related finished product is shipped to the customer.</font></p><br/></div> The Company has two primary revenue streams which are Digital product sales and Digital product lease and maintenance P1M P10Y 2270000 649000 516000 365000 292000 200000 248000 1900000 2300000 0.67 0.18 0.15 P12M P13M P36M P37M <table width="733" style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:8cm; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="5" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">For the Three Months Ended</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:8cm; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31, 2021</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31, 2020</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:8cm; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Digital product sales:</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:8cm; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:7.2pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Catalog and small customized products</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,093 </font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,334 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:8cm; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:7.2pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Large customized products </font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">&#xa0;- </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">-</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:8cm; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:14.4pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Subtotal</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,093 </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,334 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:8cm; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:7.2pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Digital product lease and maintenance:</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:8cm; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:7.2pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Operating leases</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">209 </font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">279 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:8cm; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:10pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Maintenance agreements</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">284 </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">300 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:8cm; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:14.4pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Subtotal</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">493 </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">579 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:8cm; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Total</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,586 </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,913 </font></p></td></tr></table> 2093000 1334000 2093000 1334000 209000 279000 284000 300000 493000 579000 2586000 1913000 <table width="733" style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:370.25pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands</font></p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:7.25pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:75.75pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31, 2021</font></p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:3pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:93.75pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">December 31, 2020</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:370.25pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Gross receivables</font></p></td> <td style="HEIGHT:15pt; WIDTH:7.25pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:10.85pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:64.9pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,397 </font></p></td> <td style="HEIGHT:15pt; WIDTH:3pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:13.4pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:80.35pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,042 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:370.25pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Allowance for bad debts</font></p></td> <td style="HEIGHT:15pt; WIDTH:7.25pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:10.85pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:64.9pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">619 </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:3pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:13.4pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:80.35pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">660 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:370.25pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Net receivables</font></p></td> <td style="HEIGHT:15pt; WIDTH:7.25pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:10.85pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:64.9pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,778 </font></p></td> <td style="HEIGHT:15pt; WIDTH:3pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:13.4pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:80.35pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,382 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:370.25pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Contract liabilities</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:7.25pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:10.85pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:64.9pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">609 </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:3pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:13.4pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:80.35pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">618 </font></p></td></tr></table> 2397000 2042000 619000 660000 1778000 1382000 609000 618000 <table width="733" style="WIDTH:550.1pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:300.25pt; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="5" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">For the Three Months Ended</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:300.25pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31, 2021</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31, 2020</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:300.25pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Revenue recognized in the period from:</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:300.25pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Amounts included in the contract liability at the beginning of the period</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">479 </font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">69 </font></p></td></tr> <tr style="HEIGHT:26.25pt"> <td style="BORDER-TOP:0px; HEIGHT:26.25pt; BORDER-RIGHT:0px; WIDTH:300.25pt; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Performance obligations satisfied in previous periods (for example, due to changes in transaction price)</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:26.25pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:26.25pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:26.25pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">&#xa0;- </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:26.25pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:26.25pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:26.25pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">&#xa0;- </font></p></td></tr></table> 479000 69000 <div style="font-family: &quot;Times New Roman&quot;,serif; font-size: 12pt; "> <p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><b><font>Note 4 &#8211; Inventories</font></b></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Inventories consist of the following:</font></p><br/><table width="733" style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:69.76%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12.26%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" rowspan="2" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31 <br/>2021</font></p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1.08%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:16.9%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" rowspan="2" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">December 31 <br/>2020</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:69.76%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1.08%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:69.76%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Raw materials</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:1.74%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:10.52%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,246</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:1.08%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15.75pt; WIDTH:2.6%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:14.3%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,124</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:69.76%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Work-in-progress</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:1.74%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15.75pt; WIDTH:10.52%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">178</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:1.08%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15.75pt; WIDTH:2.6%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15.75pt; WIDTH:14.3%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">324</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:69.76%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Finished goods</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1.74%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10.52%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">13</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1.08%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2.6%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:14.3%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">94</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:69.76%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1.74%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10.52%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,437</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1.08%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2.6%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:14.3%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,542</font></p></td></tr></table><br/></div> <table width="733" style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:69.76%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12.26%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" rowspan="2" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31 <br/>2021</font></p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1.08%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:16.9%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" rowspan="2" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">December 31 <br/>2020</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:69.76%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1.08%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:69.76%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Raw materials</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:1.74%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:10.52%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,246</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:1.08%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15.75pt; WIDTH:2.6%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:14.3%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,124</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:69.76%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Work-in-progress</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:1.74%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15.75pt; WIDTH:10.52%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">178</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:1.08%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15.75pt; WIDTH:2.6%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15.75pt; WIDTH:14.3%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">324</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:69.76%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Finished goods</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1.74%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10.52%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">13</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1.08%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2.6%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:14.3%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">94</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:69.76%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1.74%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:10.52%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,437</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1.08%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2.6%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:14.3%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">1,542</font></p></td></tr></table> 1246000 1124000 178000 324000 13000 94000 <div style="font-family: Courier; font-size: 12pt; "> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><b><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Note 5 &#8211; Rental Equipment, net</font></b></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Rental equipment consists of the following:</font></p><br/><table width="733" style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:70%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" rowspan="2" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31 <br/>2021</font></p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" rowspan="2" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">December 31 <br/>2020</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:70%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Rental equipment</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">3,714</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">3,714</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:70%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Less accumulated depreciation</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">3,120</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">3,058</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:70%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Net rental equipment</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">594</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">656</font></p></td></tr></table><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Depreciation expense for rental equipment for the three months ended March 31, 2021 and 2020 was $61,000 and $72,000, respectively.</font></p><br/></div> 61000 72000 <table width="733" style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:70%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" rowspan="2" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31 <br/>2021</font></p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" rowspan="2" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">December 31 <br/>2020</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:70%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Rental equipment</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">3,714</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">3,714</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:70%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Less accumulated depreciation</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">3,120</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">3,058</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:70%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Net rental equipment</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">594</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">656</font></p></td></tr></table> 3714000 3714000 3120000 3058000 <div style="font-family: Courier; font-size: 12pt; "> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><b><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Note 6 &#8211; Property, Plant and Equipment, net</font></b></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Property, plant and equipment consists of the following:</font></p><br/><table width="733" style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:70%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" rowspan="2" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31 <br/>2021</font></p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 1%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" rowspan="2" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">December 31 <br/>2020</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:70%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 1%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Machinery, fixtures and equipment</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,923</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 1%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">&#xa0;&#xa0; &#xa0;</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,923</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:70%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Leaseholds and improvements</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">23</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 1%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">23</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,946</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 1%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,946</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:70%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Less accumulated depreciation</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">811</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 1%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">746</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:70%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Net property, plant and equipment</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,135</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 1%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,200</font></p></td></tr></table><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>Machinery, fixtures and equipment having a net book value of $2.1 million and $2.2 million at March 31, 2021 and December 31, 2020, respectively, were pledged as collateral under various financing agreements.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Depreciation expense for property, plant and equipment for the three months ended March 31, 2021 and 2020 was $65,000 and $76,000, respectively.</font></p><br/></div> 2100000 2200000 65000 76000 <table width="733" style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:70%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" rowspan="2" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31 <br/>2021</font></p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 1%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" rowspan="2" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">December 31 <br/>2020</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:70%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 1%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Machinery, fixtures and equipment</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,923</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 1%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">&#xa0;&#xa0; &#xa0;</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,923</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:70%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Leaseholds and improvements</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">23</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 1%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">23</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:70%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,946</font></p></td> <td style="HEIGHT:15.75pt; WIDTH:1%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 1%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="HEIGHT:15.75pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15.75pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,946</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="HEIGHT:15.75pt; WIDTH:70%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Less accumulated depreciation</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">811</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 1%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">746</font></p></td></tr> <tr style="HEIGHT:15.75pt"> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:70%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 70%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Net property, plant and equipment</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,135</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:1%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 1%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15.75pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2,200</font></p></td></tr></table> 2923000 2923000 23000 23000 2946000 2946000 811000 746000 <div style="font-family: Courier; font-size: 12pt; "> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><b><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Note 7 </font></b><font>&#8211;</font><b><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Long-Term Debt</font></b></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="LAYOUT-GRID-MODE:both">Long-term debt consists of the following:</font></p><br/><table style="width: 550pt; border-collapse: collapse;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15.75pt;"> <td style="border-top: windowtext 1pt solid; height: 15.75pt; border-right: 0px; width: 69.96%; border-bottom: 0px; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15.75pt; border-right: 0px; width: 13.92%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">March 31<br/>2021</font></p> </td> <td style="border-top: windowtext 1pt solid; height: 15.75pt; border-right: 0px; width: 2.18%; border-bottom: 0px; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15.75pt; border-right: 0px; width: 13.92%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">December 31&#xa0;<br/>2020</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 69.96%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-size: 10pt; font-family: 'Times New Roman',serif; color: black;">In thousands</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2.18%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">8&#xbc;% Limited convertible senior subordinated notes due 2012</font></p> </td> <td style="height: 15.75pt; width: 1.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">$</font></p> </td> <td style="height: 15.75pt; width: 11.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">302</font></p> </td> <td style="height: 15.75pt; width: 2.18%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">&#xa0;&#xa0; &#xa0;</font></p> </td> <td style="height: 15.75pt; width: 1.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">$</font></p> </td> <td style="height: 15.75pt; width: 11.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">352</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">9&#xbd;% Subordinated debentures due 2012</font></p> </td> <td style="height: 15.75pt; width: 1.96%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15.75pt; width: 11.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">220</font></p> </td> <td style="height: 15.75pt; width: 2.18%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15.75pt; width: 1.96%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15.75pt; width: 11.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">220</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Revolving credit line</font></p> </td> <td style="height: 15.75pt; width: 1.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 11.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">702</font></p> </td> <td style="height: 15.75pt; width: 2.18%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 1.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 11.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">612</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Term loans - related party</font></p> </td> <td style="height: 15.75pt; width: 1.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 11.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">1,000</font></p> </td> <td style="height: 15.75pt; width: 2.18%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 1.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 11.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">1,000</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Term loan</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 1.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">811</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2.18%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 1.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">811</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Total debt</font></p> </td> <td style="height: 15.75pt; width: 1.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 11.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">3,035</font></p> </td> <td style="height: 15.75pt; width: 2.18%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 1.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 11.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2,995</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Less deferred financing costs </font><font style="font-family: 'Times New Roman',serif; color: black;">and debt discount</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 1.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">148</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2.18%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 1.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">180</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Net debt</font></p> </td> <td style="height: 15.75pt; width: 1.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 11.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2,887</font></p> </td> <td style="height: 15.75pt; width: 2.18%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 1.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 11.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2,815</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Less portion due within one year</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 1.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2,618</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2.18%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 1.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2,546</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 69.96%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Net long-term debt</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 1.96%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.96%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">269</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2.18%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 1.96%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.96%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">269</font></p> </td> </tr> </table><br/><p style="font-size: 12pt; font-family: 'Times New Roman',serif; layout-grid-mode: line; text-align: justify; margin: 0cm;"><font style="layout-grid-mode: both;">On September 16, 2019, the Company entered into a loan agreement (the &#x201c;Loan Agreement&#x201d;) with MidCap.&#xa0; On June 3, 2020, the Company and MidCap entered into a modification agreement to the Loan Agreement.&#xa0; The Loan Agreement has a term of three years, unless earlier terminated by the parties in accordance with the termination provisions of the Loan Agreement.&#xa0; The Loan Agreement allows the Company to borrow up to an aggregate of $4.0 million at an interest rate of the 3-month LIBOR interest rate plus 4.75% (5.00% at March 31, 2021) on a revolving credit loan based on accounts receivable, inventory and equipment for general working capital purposes.&#xa0; As of March 31, 2021, the balance outstanding under the Loan Agreement was $702,000.&#xa0; The Loan Agreement also requires the payment of certain fees, including a facility fee, an unused credit line fee and a collateral monitoring charge.&#xa0; The Loan Agreement contains financial and other covenant requirements, including financial covenants that require the Borrowers to attain certain EBITDA amounts for certain periods, the first of which is for the three months ended March 31, 2021.&#xa0; The Company was not in compliance with this covenant.&#xa0; The Loan Agreement is secured by substantially all of the Borrowers&#x2019; assets.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="LAYOUT-GRID-MODE:both">The Company has a $500,000 loan from Carlisle Investments Inc. (&#8220;Carlisle&#8221;) at a fixed interest rate of 12.00%, which matured on April 27, 2019 with a bullet payment of all principal due at such time.&#xa0; Interest is payable monthly.&#xa0; </font><font style="LAYOUT-GRID-MODE:both">As of March 31, 2021, the entire amount was outstanding and is included in current portion of long-term debt in the Consolidated Balance Sheets.&#xa0; As of March 31, 2021 and December 31, 2020, the Company had accrued $195,000 and $180,000, respectively, of interest related to this loan, which are included in accrued liabilities in the Condensed Consolidated Balance Sheets.&#xa0; Marco Elser, a former director of the Company, exercises voting and dispositive power as investment manager of Carlisle.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="LAYOUT-GRID-MODE:both">The Company has a</font><font style="LAYOUT-GRID-MODE:both">n additional $500,000 loan from Carlisle at a fixed interest rate of 12.00%, which matured on December 10, 2017 with a bullet payment of all principal due at such time (the &#8220;Second Carlisle Agreement&#8221;).&#xa0; Interest is payable monthly.&#xa0; Carlisle has agreed to not demand payment on the loan through at least December 31, 2020.&#xa0; As of March 31, 2021, the entire amount was outstanding and is included in current portion of long-term debt Consolidated Balance Sheets.&#xa0; As of March 31, 2021 and December 31, 2020, the Company had accrued $195,000 and $180,000, respectively, of interest related to this loan, which are included in accrued liabilities in the Condensed Consolidated Balance Sheets.&#xa0; Under the Second Carlisle Agreement, the Company granted a security interest to Carlisle in accounts receivable, materials and intangibles relating to a certain purchase order for equipment issued in April 2017.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="LAYOUT-GRID-MODE:both">As of March 31, 2021 and December 31, 2020, the Company had outstanding $302,000 and $352,000, respectively, of Notes.&#xa0; The Notes matured as of March 1, 2012 and are currently in default.&#xa0; As of March 31, 2021 and December 31, 2020, the Company had accrued $289,000 and $329,000, respectively, of interest related to the Notes, which is included in Accrued liabilities in the Consolidated Balance Sheets.&#xa0; The trustee, by notice to the Company, or the holders of 25% of the principal amount of the Notes outstanding, by notice to the Company and the trustee, may declare the outstanding principal plus interest due and payable immediately. On January 15, 2021, holders of $50,000 of the Notes accepted the Company&#8217;s offer to exchange each $1,000 of principal, forgiving any related interest, for $400 in cash, for an aggregate payment by the Company of $20,000.&#xa0; As a result of the transaction, the Company recorded a gain on the extinguishment of debt, net of expenses, of $77,000 in the three months ended March 31, 2021.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="LAYOUT-GRID-MODE:both">As of March 31, 2021 and December 31, 2020, the Company had outstanding $220,000 of Debentures.&#xa0; The Debentures matured as of December 1, 2012 and are currently in default.&#xa0; As of March 31, 2021 and December 31, 2020, the Company had accrued $237,000 and $232,000, respectively, of interest related to the Debentures, which is included in Accrued liabilities in the Consolidated Balance Sheets.&#xa0; The trustee, by notice to the Company, or the holders of 25% of the principal amount of the Debentures outstanding, by notice to the Company and the trustee, may declare the outstanding principal plus interest due and payable immediately.</font></p><br/></div> P3Y 4000000 3-month LIBOR interest rate plus 4.75% 0.0475 0.0500 702000 500000 0.1200 2019-04-27 195000 180000 500000 0.1200 2017-12-10 195000 180000 2012-03-01 289000 329000 50000 1000 400 20000 77000 2012-12-01 237000 232000 <table style="width: 550pt; border-collapse: collapse;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15.75pt;"> <td style="border-top: windowtext 1pt solid; height: 15.75pt; border-right: 0px; width: 69.96%; border-bottom: 0px; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15.75pt; border-right: 0px; width: 13.92%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">March 31<br/>2021</font></p> </td> <td style="border-top: windowtext 1pt solid; height: 15.75pt; border-right: 0px; width: 2.18%; border-bottom: 0px; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15.75pt; border-right: 0px; width: 13.92%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" colspan="2" rowspan="2" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">December 31&#xa0;<br/>2020</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 69.96%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-size: 10pt; font-family: 'Times New Roman',serif; color: black;">In thousands</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2.18%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">8&#xbc;% Limited convertible senior subordinated notes due 2012</font></p> </td> <td style="height: 15.75pt; width: 1.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">$</font></p> </td> <td style="height: 15.75pt; width: 11.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">302</font></p> </td> <td style="height: 15.75pt; width: 2.18%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">&#xa0;&#xa0; &#xa0;</font></p> </td> <td style="height: 15.75pt; width: 1.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">$</font></p> </td> <td style="height: 15.75pt; width: 11.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">352</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">9&#xbd;% Subordinated debentures due 2012</font></p> </td> <td style="height: 15.75pt; width: 1.96%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15.75pt; width: 11.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">220</font></p> </td> <td style="height: 15.75pt; width: 2.18%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15.75pt; width: 1.96%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15.75pt; width: 11.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">220</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Revolving credit line</font></p> </td> <td style="height: 15.75pt; width: 1.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 11.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">702</font></p> </td> <td style="height: 15.75pt; width: 2.18%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 1.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 11.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">612</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Term loans - related party</font></p> </td> <td style="height: 15.75pt; width: 1.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 11.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">1,000</font></p> </td> <td style="height: 15.75pt; width: 2.18%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 1.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 11.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">1,000</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Term loan</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 1.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">811</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2.18%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 1.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">811</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Total debt</font></p> </td> <td style="height: 15.75pt; width: 1.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 11.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">3,035</font></p> </td> <td style="height: 15.75pt; width: 2.18%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 1.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 11.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2,995</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Less deferred financing costs </font><font style="font-family: 'Times New Roman',serif; color: black;">and debt discount</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 1.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">148</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2.18%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 1.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">180</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Net debt</font></p> </td> <td style="height: 15.75pt; width: 1.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 11.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2,887</font></p> </td> <td style="height: 15.75pt; width: 2.18%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 1.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15.75pt; width: 11.96%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2,815</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="height: 15.75pt; width: 69.96%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Less portion due within one year</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 1.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2,618</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2.18%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 1.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.96%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2,546</font></p> </td> </tr> <tr style="height: 15.75pt;"> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 69.96%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Net long-term debt</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 1.96%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.96%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">269</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 2.18%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 1.96%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15.75pt; border-right: 0px; width: 11.96%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">269</font></p> </td> </tr> </table> 302000 352000 220000 220000 702000 612000 1000000 1000000 811000 811000 3035000 2995000 148000 180000 2887000 2815000 2618000 2546000 269000 269000 <div style="font-family: Courier; font-size: 12pt; "> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><b><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Note 8 </font></b><font>&#8211;</font><b><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Pension Plan</font></b></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>As of December 31, 2003, the benefit service under the pension plan had been frozen and, accordingly, there is no service cost.&#xa0; As of April 30, 2009, the compensation increments had been frozen and, accordingly, no additional benefits are being accrued under the pension plan.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:both">The following table presents the components of net periodic pension cost:</font></p><br/><table width="733" style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:162pt; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="5" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Three months ended March 31</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:162pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2021</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2020</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:162pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Interest cost</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">63 </font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">97 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:162pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Expected return on plan assets</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">(210)</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">(203)</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:162pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Amortization of net actuarial loss</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">80 </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">70 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:162pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Net periodic pension benefit</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">(67)</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">(36)</font></p></td></tr></table><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:both">As of March 31,</font><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">2021 and December 31, 2020, the Company had recorded a current pension liability of $465,000 and $1.0 million, respectively, which is included in accrued liabilities in the Condensed Consolidated Balance Sheets, and a long-term pension liability of $4.1 million and $3.7 million, respectively, which is included in deferred pension liability and other in the Condensed Consolidated Balance Sheets.&#xa0; The minimum required contribution in 2021 is expected to be $465,000, of which the Company has already contributed $56,000 as of March 31, 2021.</font></p><br/></div> 465000 1000000 4100000 3700000 465000 56000 <table width="733" style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:162pt; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="5" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Three months ended March 31</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:162pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2021</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2020</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:162pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Interest cost</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">63 </font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">97 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:162pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Expected return on plan assets</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">(210)</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">(203)</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:162pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Amortization of net actuarial loss</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">80 </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">70 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:162pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Net periodic pension benefit</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">(67)</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">(36)</font></p></td></tr></table> 63000 97000 -210000 -203000 80000 70000 -67000 -36000 <div style="font-family: Courier; font-size: 12pt; "> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><b><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Note 9 </font></b><font>&#8211;</font><b><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Leases</font></b></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">The Company leases administrative and manufacturing facilities through operating lease agreements. The Company has no finance leases as of March 31, 2021. &#xa0;Our leases include both lease (e.g., fixed payments including rent) and non-lease components (e.g., common area or other maintenance costs). The facility leases include one or more options to renew. &#xa0;The exercise of lease renewal options is typically at our sole discretion, therefore, the renewals to extend the lease terms are not included in our right of use (&#8220;ROU&#8221;) assets or lease liabilities as they are not reasonably certain of exercise. &#xa0;We regularly evaluate the renewal options and, when they are reasonably certain of exercise, we include the renewal period in our lease term.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Operating leases result in the recognition of ROU assets and lease liabilities on the Condensed Consolidated Balance Sheets. &#xa0;ROU assets represent our right to use the leased asset for the lease term and lease liabilities represent our obligation to make lease payments. &#xa0;Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. &#xa0;As most of our leases do not provide an implicit rate, we use our estimated incremental borrowing rate at the commencement date to determine the present value of lease payments. &#xa0;Most real estate leases include one or more options to renew, with renewal terms that can extend the lease term from 1 to 5 years or more. &#xa0;Lease expense is recognized on a straight-line basis over the lease term.&#xa0; Leases with an initial term of 12 months or less are not recorded on the Condensed Consolidated Balance Sheets. &#xa0;The primary leases we enter into with initial terms of 12 months or less are for equipment.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="LAYOUT-GRID-MODE:both">Supplemental information regarding leases:</font></p><br/><table style="width: 550pt; border-collapse: collapse;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15pt;"> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 231.85pt; border-bottom: 0px; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2%; border-bottom: 0px; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2%; border-bottom: 0px; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 12%; border-bottom: 0px; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">March, 31 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 231.85pt; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-size: 10pt; font-family: 'Times New Roman',serif; color: black;">&#xa0;</font><font style="font-size: 10pt; font-family: 'Times New Roman',serif; color: black;">In thousands, unless otherwise noted</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2021</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Balance Sheet:</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; white-space: nowrap; padding: 0cm 0cm 0cm 7.2pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">ROU assets</font></p> </td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">786 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm 0cm 0cm 7.2pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Current lease liabilities &#x2013; operating</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">304 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; white-space: nowrap; padding: 0cm 0cm 0cm 7.2pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Non-current lease liabilities - operating</font></p> </td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">516 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm 0cm 0cm 7.2pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Total lease liabilities</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">820 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Weighted average remaining lease term (years)</font></p> </td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2.4</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Weighted average discount rate</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">8.9%</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Future minimum lease payments:</font></p> </td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm 0cm 0cm 7.2pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Remainder of 2021</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">278 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; white-space: nowrap; padding: 0cm 0cm 0cm 7.2pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2022</font></p> </td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">348 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm 0cm 0cm 7.2pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2023</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">295 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; white-space: nowrap; padding: 0cm 0cm 0cm 7.2pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Thereafter</font></p> </td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">&#xa0;- </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Total</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; border: 0px; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; border: 0px; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">921 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Less: Imputed interest</font></p> </td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">101 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Total lease liabilities</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; border: 0px; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; border: 0px; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">820 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Less: Current lease liabilities</font></p> </td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">304 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Long-term lease liabilities</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; border: 0px; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; border: 0px; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">516 </font></p> </td> </tr> </table><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Supplemental cash flow information regarding leases:</font></p><br/><table width="733" style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:347.05pt; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:16%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 16%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">For the three months ended</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:347.05pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:16%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 16%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31, 2021</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:347.05pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Operating cash flow information:</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:16%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 16%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:347.05pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:7.2pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Cash paid for amounts included in the measurement of lease liabilities</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:16%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 16%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">92 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:347.05pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Non-cash activity:</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:16%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 16%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:347.05pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:7.2pt; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">ROU assets obtained in exchange for lease liabilities</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:16%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 16%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">&#xa0;- </font></p></td></tr></table><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Total operating lease expense and short-term lease expense was $94,000 and $2,000, respectively, for the three months ended March 31, 2021.&#xa0; Total operating lease expense and short-term lease expense was $101,000 and $18,000, respectively, for the three months ended March 31, 2020.</font></p><br/></div> P1Y P5Y 94000 2000 101000 18000 <table style="width: 550pt; border-collapse: collapse;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15pt;"> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 231.85pt; border-bottom: 0px; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2%; border-bottom: 0px; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2%; border-bottom: 0px; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 12%; border-bottom: 0px; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">March, 31 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 231.85pt; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-size: 10pt; font-family: 'Times New Roman',serif; color: black;">&#xa0;</font><font style="font-size: 10pt; font-family: 'Times New Roman',serif; color: black;">In thousands, unless otherwise noted</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: center; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2021</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Balance Sheet:</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; white-space: nowrap; padding: 0cm 0cm 0cm 7.2pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">ROU assets</font></p> </td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">786 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm 0cm 0cm 7.2pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Current lease liabilities &#x2013; operating</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">304 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; white-space: nowrap; padding: 0cm 0cm 0cm 7.2pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Non-current lease liabilities - operating</font></p> </td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">516 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm 0cm 0cm 7.2pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Total lease liabilities</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">820 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Weighted average remaining lease term (years)</font></p> </td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2.4</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Weighted average discount rate</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">8.9%</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Future minimum lease payments:</font></p> </td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm 0cm 0cm 7.2pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Remainder of 2021</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">278 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; white-space: nowrap; padding: 0cm 0cm 0cm 7.2pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2022</font></p> </td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">348 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm 0cm 0cm 7.2pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">2023</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">295 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; white-space: nowrap; padding: 0cm 0cm 0cm 7.2pt;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Thereafter</font></p> </td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">&#xa0;- </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Total</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; border: 0px; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; border: 0px; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">921 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Less: Imputed interest</font></p> </td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">101 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Total lease liabilities</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; border: 0px; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; border: 0px; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">820 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Less: Current lease liabilities</font></p> </td> <td style="height: 15pt; width: 2%; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; white-space: nowrap; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">304 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 231.85pt; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">Long-term lease liabilities</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; white-space: nowrap; border: 0px; padding: 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; white-space: nowrap; border: 0px; padding: 0cm 2.9pt 0cm 0cm;" valign="bottom"> <p style="font-size: 12pt; font-family: Courier; layout-grid-mode: line; text-align: right; margin: 0cm;"><font style="font-family: 'Times New Roman',serif; color: black;">516 </font></p> </td> </tr> </table> 820000 P2Y146D 0.089 278000 348000 295000 921000 101000 <table width="733" style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:347.05pt; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:16%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 16%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">For the three months ended</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:347.05pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:16%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 16%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">March 31, 2021</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:347.05pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Operating cash flow information:</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:16%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 16%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:347.05pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:7.2pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Cash paid for amounts included in the measurement of lease liabilities</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="HEIGHT:15pt; WIDTH:16%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 16%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">92 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:347.05pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Non-cash activity:</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:16%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:2.9pt; width: 16%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:347.05pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:7.2pt; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">ROU assets obtained in exchange for lease liabilities</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:16%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 16%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">&#xa0;- </font></p></td></tr></table> 92000 <div style="font-family: Courier; font-size: 12pt; "> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><b><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Note 10 &#8211; Stockholders&#8217; Deficit and Loss Per Share</font></b></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:both">The following table presents the calculation of loss per share for the three months ended March 31, 2021 and 2020:</font></p><br/><table width="733" style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:210.95pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:210.95pt; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="5" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Three months ended March 31</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:210.95pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands, except per share data</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2021</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2020</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:210.95pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Numerator:</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:210.95pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:7.2pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Net loss, as reported</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">(621)</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">(1,043)</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:210.95pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Denominator:</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:210.95pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:7.2pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Weighted average shares outstanding</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">13,696 </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">13,696 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:210.95pt; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Basic and diluted loss per share</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">(0.05)</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">(0.08)</font></p></td></tr></table><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:both">Basic loss per common share is computed by dividing net loss attributable to common shares by the weighted average number of common shares outstanding for the period.&#xa0; Diluted loss per common share is computed by dividing net loss attributable to common shares, by the weighted average number of common shares outstanding, adjusted for shares that would be assumed outstanding after warrants and stock options vested under the treasury stock method.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:both">As of March 31, 2021 and 2020, the Company had warrants to purchase 250,000 shares of Common Stock outstanding which were included in the calculation of diluted loss per share because their exercise price was less than the average stock price for the period so their inclusion was dilutive. &#xa0;As of March 31, 2021 and 2020, the Company had other warrants to purchase 1.6 million and 10,000 shares, respectively, of Common Stock outstanding, which were excluded from the calculation of diluted loss per share because their exercise price was greater than the average stock price for the period and their inclusion would have been anti-dilutive.</font></p><br/></div> 250000 1600000 10000 250000 <table width="733" style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:210.95pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="HEIGHT:15pt; WIDTH:12%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:210.95pt; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="5" style="BORDER-TOP:windowtext 1pt solid; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:0px; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Three months ended March 31</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:210.95pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-SIZE:10pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">In thousands, except per share data</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2021</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td colspan="2" style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:center; MARGIN:0cm; text-align: center;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">2020</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:210.95pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Numerator:</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:210.95pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:7.2pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Net loss, as reported</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">(621)</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">(1,043)</font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:210.95pt; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Denominator:</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:2%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="HEIGHT:15pt; WIDTH:12%; BACKGROUND:#cceeff; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;">&#xa0;</p></td></tr> <tr style="HEIGHT:15pt"> <td style="HEIGHT:15pt; WIDTH:210.95pt; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:7.2pt; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Weighted average shares outstanding</font></p></td> <td style="HEIGHT:15pt; WIDTH:2%; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">13,696 </font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:2.9pt; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">13,696 </font></p></td></tr> <tr style="HEIGHT:15pt"> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:210.95pt; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">Basic and diluted loss per share</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">(0.05)</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm">&#xa0;</p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:2%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 2%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">$</font></p></td> <td style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:12%; BACKGROUND:#cceeff; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0cm; PADDING-TOP:0cm; PADDING-LEFT:0cm; BORDER-LEFT:0px; PADDING-RIGHT:0cm; width: 12%; white-space: nowrap;" valign="bottom"> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:right; MARGIN:0cm; text-align: right;"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; COLOR:black">(0.08)</font></p></td></tr></table> 13696000 13696000 <div style="font-family: Courier; font-size: 12pt; "> <p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><b><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">Note 11 &#8211; Contingencies</font></b></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="LAYOUT-GRID-MODE:both">The Company is subject to legal proceedings and claims which arise in the ordinary course of its business and/or which are covered by insurance.&#xa0; The Company has accrued reserves individually and in the aggregate for such legal proceedings.&#xa0; Should actual litigation results differ from the Company&#8217;s estimates, revisions to increase or decrease the accrued reserves may be required.<a name="_Hlk510110049">&#xa0; </a>There are no open matters that the Company deems material.</font></p><br/></div> <div style="font-family: &quot;Times New Roman&quot;,serif; font-size: 12pt; "> <h2 style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; PAGE-BREAK-AFTER:avoid; FONT-WEIGHT:bold; TEXT-ALIGN:justify; MARGIN:0cm; LINE-HEIGHT:normal"><font>Note 12 </font><font style="FONT-WEIGHT:normal">&#8211; </font><font>Related Party Transactions</font></h2><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>The Company has the following related party transactions:</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>As of March 31, 2021, Unilumin USA (&#8220;Unilumin&#8221;) owns 52.0% of the Company&#8217;s Common Stock and beneficially owns 53.7% of the Company&#8217;s Common Stock.&#xa0; Nicholas J. Fazio, Yang Liu and Yantao Yu, each directors of the Company, are each directors and/or officers of Unilumin.&#xa0; The Company purchased $419,000 and $32,000 of product from Unilumin in the three months ended March 31, 2021 and 2020, respectively.&#xa0; The amount payable by the Company to Unilumin was $1.1 million and $231,000 as of March 31, 2021 and December 31, 2020, respectively.</font></p><br/></div> 0.520 0.537 419000 32000 1100000 231000 <div style="font-family: &quot;Times New Roman&quot;,serif; font-size: 12pt; "> <h2 style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; PAGE-BREAK-AFTER:avoid; FONT-WEIGHT:bold; TEXT-ALIGN:justify; MARGIN:0cm; LINE-HEIGHT:normal"><font>Note 14 </font><font style="FONT-WEIGHT:normal">&#8211;</font><font>Business Segment Data</font></h2><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:both">Operating segments are based on the Company&#8217;s business components about which separate financial information is available and are evaluated regularly by the Company&#8217;s chief operating decision makers in deciding how to allocate resources and in assessing performance of the business.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:both">The Company evaluates segment performance and allocates resources based upon operating income (loss). The Company&#8217;s operations are managed in two reportable business segments: Digital product sales and Digital product lease and maintenance.&#xa0; Both design and produce large-scale, multi-color, real-time digital displays.&#xa0; Both operating segments are conducted on a global basis, primarily through operations in the United States.&#xa0; The Company also has operations in Canada.&#xa0; The Digital product sales segment sells equipment and the Digital product lease and maintenance segment leases and maintains equipment.&#xa0; Corporate general and administrative items relate to costs that are not directly identifiable with a segment.&#xa0; There are no intersegment sales.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:both">Foreign revenues represent less than 10% of the Company&#8217;s revenues in the three months ended March 31, 2021 and 2020.&#xa0; The Company&#8217;s foreign operation does not manufacture its own equipment; the domestic operation provides the equipment that the foreign operation leases or sells.&#xa0; The foreign operation operates similarly to the domestic operation and has similar profit margins.&#xa0; Foreign assets are immaterial.</font></p><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:Courier; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:both">Information about the Company&#8217;s operations in its two business segments for</font><font style="FONT-FAMILY:&quot;Times New Roman&quot;,serif">the three months ended March 31, 2021 and 2020 is as follows:</font></p><br/><table style="width: 550.1pt; border-collapse: collapse;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15pt;"> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 68%; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2%; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 30%; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap; width: 30%;" colspan="5" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Three Months Ended March 31</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 68%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman','serif'; color: black;">In thousands</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2021</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2020</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Revenues:</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Digital product sales</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2,093 </font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,334 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Digital product lease and maintenance</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">493 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">579 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total revenues</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2,586 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,913 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Operating (loss) income:</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Digital product sales</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(626)</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(982)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Digital product lease and maintenance</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">319 </font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">362 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Corporate general and administrative expenses</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(313)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(547)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total operating loss</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(620)</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(1,167)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Interest expense, net</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(103)</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(108)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(Loss) gain on foreign currency remeasurement</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(36)</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">202 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Gain on extinguishment of debt</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">77 </font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#xa0;- </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Pension benefit</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">67 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">36 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Loss before income taxes</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(615)</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(1,037)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Income tax expense</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(6)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(6)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Net loss</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(621)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(1,043)</font></p> </td> </tr> </table><br/><table style="width: 550.1pt; border-collapse: collapse;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in; width: 68%;"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">&#xa0;</td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 14%; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#xa0;March 31 </font></p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2%; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 14%; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#xa0;December 31 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in; width: 68%;"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2021</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2020</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Assets</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Digital product sales</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">5,397 </font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">5,231 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Digital product lease and maintenance</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,620 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,781 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total identifiable assets</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">7,017 </font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">7,012 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">General corporate</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">351 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">43 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 68%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total assets</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">7,368 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">7,055 </font></p> </td> </tr> </table><br/></div> 2 0.10 0.10 <table style="width: 550.1pt; border-collapse: collapse;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15pt;"> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 68%; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2%; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 30%; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap; width: 30%;" colspan="5" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Three Months Ended March 31</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 68%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman','serif'; color: black;">In thousands</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2021</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2020</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Revenues:</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Digital product sales</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2,093 </font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,334 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Digital product lease and maintenance</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">493 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">579 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total revenues</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2,586 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,913 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Operating (loss) income:</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Digital product sales</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(626)</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(982)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Digital product lease and maintenance</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">319 </font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">362 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Corporate general and administrative expenses</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(313)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(547)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total operating loss</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(620)</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(1,167)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Interest expense, net</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(103)</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(108)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(Loss) gain on foreign currency remeasurement</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(36)</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">202 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Gain on extinguishment of debt</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">77 </font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#xa0;- </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Pension benefit</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">67 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">36 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Loss before income taxes</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(615)</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(1,037)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Income tax expense</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(6)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(6)</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Net loss</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(621)</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">(1,043)</font></p> </td> </tr> </table><table style="width: 550.1pt; border-collapse: collapse;" width="733" cellspacing="0" cellpadding="0"> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in; width: 68%;"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom">&#xa0;</td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 14%; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#xa0;March 31 </font></p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 2%; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: windowtext 1pt solid; height: 15pt; border-right: 0px; width: 14%; border-bottom: 0px; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">&#xa0;December 31 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in; width: 68%;"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2021</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 14%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 14%;" colspan="2" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: center; margin: 0in 0in 0pt; line-height: normal; text-align: center;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">2020</font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Assets</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="height: 15pt; width: 12%; background: #cceeff; padding: 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Digital product sales</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">5,397 </font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">5,231 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Digital product lease and maintenance</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,620 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">1,781 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total identifiable assets</font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">7,017 </font></p> </td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 2%; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom">&#xa0;</td> <td style="height: 15pt; width: 12%; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">7,012 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="height: 15pt; width: 68%; background: #cceeff; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">General corporate</font></p> </td> <td style="height: 15pt; width: 2%; background: #cceeff; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">351 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; background: #cceeff; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">43 </font></p> </td> </tr> <tr style="height: 15pt;"> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 68%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 0in 0in 0.1in; white-space: nowrap; width: 68%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">Total assets</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">7,368 </font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;">&#xa0;</p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 2%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in; white-space: nowrap; width: 2%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: normal;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">$</font></p> </td> <td style="border-top: 0px; height: 15pt; border-right: 0px; width: 12%; border-bottom: windowtext 1pt solid; border-left: 0px; padding: 0in 2.9pt 0in 0in; white-space: nowrap; width: 12%;" valign="bottom"> <p style="font-size: 11pt; font-family: 'Calibri','sans-serif'; text-align: right; margin: 0in 0in 0pt; line-height: normal; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman','serif'; color: black;">7,055 </font></p> </td> </tr> </table> 2093000 1334000 493000 579000 -626000 -982000 319000 362000 -313000 -547000 5397000 5231000 1620000 1781000 7017000 7012000 351000 43000 7055000 <div style="font-family: &quot;Times New Roman&quot;,serif; font-size: 12pt; "> <h2 style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; PAGE-BREAK-AFTER:avoid; FONT-WEIGHT:bold; TEXT-ALIGN:justify; MARGIN:0cm; LINE-HEIGHT:normal"><font>Note 15 </font><font style="FONT-WEIGHT:normal">&#8211;</font><font>Subsequent Events</font></h2><br/><p style="FONT-SIZE:12pt; FONT-FAMILY:&quot;Times New Roman&quot;,serif; LAYOUT-GRID-MODE:line; TEXT-ALIGN:justify; MARGIN:0cm"><font>The Company has evaluated events and transactions subsequent to March 31, 2021 and through the date these Condensed Consolidated Financial Statements were included in this Form 10-Q and filed with the SEC.</font></p><br/></div> EX-101.SCH 7 tlx-20210331.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 001 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) link:presentationLink link:definitionLink link:calculationLink 002 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parentheticals) link:presentationLink link:definitionLink link:calculationLink 003 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) link:presentationLink link:definitionLink link:calculationLink 004 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF 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Document And Entity Information - shares
3 Months Ended
Mar. 31, 2021
May 13, 2021
Document Information Line Items    
Entity Registrant Name TRANS LUX Corp  
Document Type 10-Q  
Current Fiscal Year End Date --12-31  
Entity Common Stock, Shares Outstanding   13,446,276
Amendment Flag false  
Entity Central Index Key 0000099106  
Entity Current Reporting Status Yes  
Entity Filer Category Non-accelerated Filer  
Document Period End Date Mar. 31, 2021  
Document Fiscal Year Focus 2021  
Document Fiscal Period Focus Q1  
Entity Small Business true  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Interactive Data Current Yes  
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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 351,000 $ 43,000
Receivables, net 1,778,000 1,382,000
Inventories 1,437,000 1,542,000
Prepaids and other assets 240,000 327,000
Total current assets 3,806,000 3,294,000
Long-term assets:    
Rental equipment, net 594,000 656,000
Property, plant and equipment, net 2,135,000 2,200,000
Right of use assets 786,000 858,000
Other assets 47,000 47,000
Total long-term assets 3,562,000 3,761,000
TOTAL ASSETS 7,368,000 7,055,000
Current liabilities:    
Accounts payable 2,699,000 1,640,000
Accrued liabilities 4,331,000 4,555,000
Current portion of long-term debt 2,618,000 2,546,000
Current lease liabilities 304,000 302,000
Customer deposits 169,000 524,000
Total current liabilities 10,121,000 9,567,000
Long-term liabilities:    
Long-term debt, less current portion 269,000 269,000
Long-term lease liabilities 516,000 591,000
Deferred pension liability and other 4,098,000 3,677,000
Total long-term liabilities 4,883,000 4,537,000
Total liabilities 15,004,000 14,104,000
Stockholders' deficit:    
Preferred Stock Series A - $20 stated value - 416,500 shares authorized; shares issued and outstanding: 0 in 2021 and 2020 and Preferred Stock Series B - $200 stated value - 51,000 shares authorized; shares issued and outstanding: 0 in 2021 and 2020
Common Stock - $0.001 par value - 30,000,000 shares authorized; shares issued: 13,474,116 in 2021 and 2020; shares outstanding: 13,446,276 in 2021 and 2020 13,000 13,000
Additional paid-in-capital 41,330,000 41,330,000
Accumulated deficit (38,628,000) (38,007,000)
Accumulated other comprehensive loss (7,288,000) (7,322,000)
Treasury stock - at cost - 27,840 common shares in 2021 and 2020 (3,063,000) (3,063,000)
Total stockholders' deficit (7,636,000) (7,049,000)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 7,368,000 7,055,000
Convertible Preferred Stock [Member] | Series A Preferred Stock [Member]    
Stockholders' deficit:    
Preferred Stock Series A - $20 stated value - 416,500 shares authorized; shares issued and outstanding: 0 in 2021 and 2020 and Preferred Stock Series B - $200 stated value - 51,000 shares authorized; shares issued and outstanding: 0 in 2021 and 2020
Convertible Preferred Stock [Member] | Series B Preferred Stock [Member]    
Stockholders' deficit:    
Preferred Stock Series A - $20 stated value - 416,500 shares authorized; shares issued and outstanding: 0 in 2021 and 2020 and Preferred Stock Series B - $200 stated value - 51,000 shares authorized; shares issued and outstanding: 0 in 2021 and 2020
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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parentheticals) - $ / shares
Mar. 31, 2021
Dec. 31, 2020
Common Stock, par value (in Dollars per share) $ 0.001 $ 0.001
Common Stock, shares authorized 30,000,000 30,000,000
Common Stock, shares issued 13,474,116 13,474,116
Common Stock, shares outstanding 13,446,276 13,446,276
Treasury Stock, shares 27,840 27,840
Convertible Preferred Stock [Member] | Series A Preferred Stock [Member]    
Preferred stock, par value (in Dollars per share) $ 20 $ 20
Preferred stock, shares authorized 416,500 416,500
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Convertible Preferred Stock [Member] | Series B Preferred Stock [Member]    
Preferred stock, par value (in Dollars per share) $ 200 $ 200
Preferred stock, shares authorized 51,000 51,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Revenues $ 2,586,000 $ 1,913,000
Cost of revenues:    
Cost of Revenues 2,407,000 1,889,000
Gross profit 179,000 24,000
General and administrative expenses (799,000) (1,230,000)
Restructuring costs benefit 39,000
Operating loss (620,000) (1,167,000)
Interest expense, net (103,000) (108,000)
(Loss) gain on foreign currency remeasurement (36,000) 202,000
Gain on extinguishment of debt 77,000
Pension benefit 67,000 36,000
Loss before income taxes (615,000) (1,037,000)
Income tax expense (6,000) (6,000)
Net loss $ (621,000) $ (1,043,000)
Loss per share - basic and diluted (in Dollars per share) $ (0.05) $ (0.08)
Digital Product Sales [Member]    
Revenues:    
Revenues $ 2,093,000 $ 1,334,000
Cost of revenues:    
Cost of Revenues 2,254,000 1,703,000
Digital Product Lease And Maintenance [Member]    
Revenues:    
Revenues 493,000 579,000
Cost of revenues:    
Cost of Revenues $ 153,000 $ 186,000
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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net loss $ (621,000) $ (1,043,000)
Other comprehensive income (loss):    
Unrealized foreign currency translation gain (loss) 34,000 (191,000)
Total other comprehensive income (loss), net of tax 34,000 (191,000)
Comprehensive loss $ (587,000) $ (1,234,000)
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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS` DEFICIT (unaudited) - USD ($)
Series A Preferred Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Treasury Stock [Member]
Total
Balance at Dec. 31, 2019 $ 13,000 $ 41,088,000 $ (33,164,000) $ (6,618,000) $ (3,063,000) $ (1,744,000)
Balance (in Shares) at Dec. 31, 2019 13,474,116          
Net loss         (1,043,000)     (1,043,000)
Unrealized foreign currency translation gain (loss)           (191,000)   (191,000)
Balance at Mar. 31, 2020 $ 13,000 41,088,000 (34,207,000) (6,809,000) (3,063,000) (2,978,000)
Balance (in Shares) at Mar. 31, 2020 13,474,116          
Balance at Dec. 31, 2020 $ 13,000 41,330,000 (38,007,000) (7,322,000) (3,063,000) (7,049,000)
Balance (in Shares) at Dec. 31, 2020 13,474,116          
Net loss         (621,000)     (621,000)
Unrealized foreign currency translation gain (loss)           34,000   34,000
Balance at Mar. 31, 2021 $ 13,000 $ 41,330,000 $ (38,628,000) $ (7,288,000) $ (3,063,000) $ (7,636,000)
Balance (in Shares) at Mar. 31, 2021 13,474,116          
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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net loss $ (621,000) $ (1,043,000)
Adjustment to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 127,000 148,000
Amortization of right of use assets 72,000 79,000
Amortization of deferred financing fees and debt discount 32,000 22,000
Loss on disposal of assets 5,000
Gain on extinguishment of debt (77,000)
Loss (gain) on foreign currency remeasurement 36,000 (202,000)
Bad debt expense 42,000 95,000
Changes in operating assets and liabilities:    
Accounts receivable, net (438,000) 366,000
Inventories 105,000 (78,000)
Prepaids and other assets 87,000 (43,000)
Accounts payable 1,059,000 375,000
Accrued liabilities 364,000 (280,000)
Operating lease liabilities (73,000) (78,000)
Customer deposits (355,000) 1,000
Deferred pension liability and other (122,000) (121,000)
Net cash provided by (used in) operating activities 238,000 (754,000)
Cash flows from investing activities    
Equipment manufactured for rental (7,000)
Purchases of property, plant and equipment (172,000)
Net cash used in investing activities (179,000)
Cash flows from financing activities    
Proceeds from long-term debt 90,000 977,000
Payments of long-term debt (20,000)
Net cash provided by financing activities 70,000 977,000
Effect of exchange rate changes 1,000
Net increase in cash, cash equivalents and restricted cash 308,000 45,000
Cash, cash equivalents and restricted cash at beginning of year 43,000 1,385,000
Cash, cash equivalents and restricted cash at end of period 351,000 1,430,000
Supplemental disclosure of cash flow information:    
Interest paid 38,000 53,000
Income taxes paid 9,000 15,000
Current assets    
Cash and cash equivalents 351,000 580,000
Long-term assets    
Restricted cash 850,000
Cash, cash equivalents and restricted cash at end of period $ 351,000 $ 1,430,000
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Basis of Presentation
3 Months Ended
Mar. 31, 2021
Basis of Presentation [Line Items]  
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Note 1 Basis of Presentation


As used in this report, “Trans-Lux,” the “Company,” “we,” “us,” and “our” refer to Trans-Lux Corporation and its subsidiaries.


Financial information included herein is unaudited, however, such information reflects all adjustments (of a normal and recurring nature), which are, in the opinion of management, necessary for the fair presentation of the Condensed Consolidated Financial Statements for the interim periods. The results for the interim periods are not necessarily indicative of the results to be expected for the full year.  The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (the “SEC”) and therefore do not include all information and footnote disclosures required under accounting principles generally accepted in the United States of America (“GAAP”).  The Condensed Consolidated Financial Statements included herein should be read in conjunction with the Consolidated Financial Statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.  The Condensed Consolidated Balance Sheet at December 31, 2020 is derived from the December 31, 2020 audited financial statements.


The following new accounting pronouncements were adopted in 2021:


In August 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-14, Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20).  ASU 2018-14 modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans.  Public business entities should apply the amendments in ASU 2018-14 for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years (i.e., January 1, 2021).  Early application is permitted.  The adoption of this standard did not have a material effect on the Company’s consolidated financial position and results of operations.


The following new accounting pronouncements, and related impacts on adoption, are being evaluated by the Company:


None.


XML 20 R9.htm IDEA: XBRL DOCUMENT v3.21.1
Liquidity and Going Concern
3 Months Ended
Mar. 31, 2021
Liquidity and Going Concern [Line Items]  
Substantial Doubt about Going Concern [Text Block]

Note 2 Liquidity and Going Concern


A fundamental principle of the preparation of financial statements in accordance with GAAP is the assumption that an entity will continue in existence as a going concern, which contemplates continuity of operations and the realization of assets and settlement of liabilities occurring in the ordinary course of business.  This principle is applicable to all entities except for entities in liquidation or entities for which liquidation appears imminent.  In accordance with this requirement, the Company has prepared its accompanying Consolidated Financial Statements assuming the Company will continue as a going concern.


Due to the onset of the COVID-19 pandemic in 2020, the Company experienced a reduction in sales orders from customers.  As a result, the Company incurred a net loss of $621,000 in the three months ended March 31, 2021 and had a working capital deficiency of $6.3 million as of March 31, 2021.


The Company is dependent on future operating performance in order to generate sufficient cash flows in order to continue to run its businesses.  Future operating performance is dependent on general economic conditions, as well as financial, competitive and other factors beyond our control, including the impact of the current economic environment, the spread of major epidemics (including coronavirus) and other related uncertainties such as government-imposed travel restrictions, interruptions to supply chains and extended shut down of businesses.  In order to more effectively manage its cash resources, the Company had, from time to time, increased the timetable of its payment of some of its payables, which delayed certain product deliveries from our vendors, which in turn delayed certain deliveries to our customers.


Our independent registered public accounting firm has issued an opinion on our Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2020 that states that the Consolidated Financial Statements were prepared assuming we will continue as a going concern and further states that the continuing losses and uncertainty regarding our ability to make the required minimum funding contributions to the defined benefit pension plan and the past due principal and interest payments on our outstanding 8¼% Limited convertible senior subordinated notes due 2012 (the “Notes”) and 9½% Subordinated debentures due 2012 (the “Debentures”) raises substantial doubt about our ability to continue as a going concern. In addition, if we are unable to (i) obtain additional liquidity for working capital, (ii) make the required minimum funding contributions to the defined benefit pension plan, (iii) make the required principal and interest payments on the Notes and the Debentures and/or (iv) repay our obligations under our Loan Agreement (hereinafter defined) with MidCap Business Credit LLC (“MidCap”), there would be a significant adverse impact on our financial position and operating results. The Company continually evaluates the need and availability of long-term capital in order to meet its cash requirements and fund potential new opportunities.


XML 21 R10.htm IDEA: XBRL DOCUMENT v3.21.1
Revenue Recognition
3 Months Ended
Mar. 31, 2021
Revenue Recognition [Line Items]  
Revenue from Contract with Customer [Text Block]

Note 3 Revenue Recognition


Revenue is recognized when a customer obtains control of promised goods or services in an amount that reflects the consideration which the entity expects to receive in exchange for those goods or services.  To determine revenue recognition for arrangements that an entity determines are within the scope of this standard, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation.  The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer.  At contract inception, once the contract is determined to be within the scope of this standard, the Company assesses the goods or services promised within each contract and determines those that are performance obligations and assesses whether each promised good or service is distinct.  The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied.  Sales tax, value added tax and other taxes collected on behalf of third parties are excluded from revenue.


Contracts with customers may contain multiple performance obligations.  For such arrangements, the transaction price is allocated to each performance obligation based on the estimated relative standalone selling prices of the promised products or services underlying each performance obligation.  The Company determines standalone selling prices based on the price at which the performance obligation is sold separately.  If the standalone selling price is not observable through past transactions, the Company estimates the standalone selling price taking into account available information such as market conditions and internally approved pricing guidelines related to the performance obligations.


When determining the transaction price of a contract, an adjustment is made if payment from a customer occurs either significantly before or significantly after performance, resulting in a significant financing component.  Applying the practical expedient in paragraph 606-10-32-18, the Company does not assess whether a significant financing component exists if the period between when the Company performs its obligations under the contract and when the customer pays is one year or less.  None of the Company’s contracts contained a significant financing component as of March 31, 2021.


We recognize revenue in accordance with two different accounting standards: 1) Accounting Standards Codification (“ASC”) Topic 606 and 2) ASC Topic 842.  Under Topic 606, revenue from contracts with customers is measured based on the consideration specified in the contract with the customer, and excludes any sales incentives and amounts collected on behalf of third parties.  A performance obligation is a promise in a contract to transfer a distinct good or service to a customer, and is the unit of account under Topic 606.  Our contracts with customers generally do not include multiple performance obligations.  We recognize revenue when we satisfy a performance obligation by transferring control over a product or service to a customer.  The amount of revenue recognized reflects the consideration we expect to be entitled to in exchange for such products or services.


Disaggregated Revenues


The following table represents a disaggregation of revenue from contracts with customers for the three months ended March 31, 2021 and 2020, along with the reportable segment for each category:


 

 

For the Three Months Ended

In thousands

 

March 31, 2021

 

March 31, 2020

Digital product sales:

 

 

 

 

 

 

Catalog and small customized products

 

$

2,093

$

1,334

Large customized products

 

 

 -

 

 

-

Subtotal

 

2,093

 

 

1,334

Digital product lease and maintenance:

 

 

 

 

 

 

Operating leases

209

279

Maintenance agreements

 

 

284

 

 

300

Subtotal

 

493

 

 

579

Total

 

$

2,586

 

$

1,913


Performance Obligations


The Company has two primary revenue streams which are Digital product sales and Digital product lease and maintenance.


Digital Product Sales


The Company recognizes net revenue on digital product sales to its distribution partners and to end users related to digital display solutions and fixed digit scoreboards.  For the Company’s catalog products, revenue is generally recognized when the customer obtains control of the Company’s product, which occurs at a point in time, and may be upon shipment or upon delivery based on the contractual shipping terms of a contract.  For the Company’s customized products, revenue is either recognized at a point in time or over time depending on the size of the contract.  For those customized product contracts that are smaller in size, revenue is generally recognized when the customer obtains control of the Company’s product, which occurs at a point in time, and may be upon shipment or upon delivery based on the contractual shipping terms of a contract.  For those customized product contracts that are larger in size, revenue is recognized over time based on incurred costs as compared to projected costs using the input method, as this best reflects the Company’s progress in transferring control of the customized product to the customer.  The Company may also contract with a customer to perform installation services of digital display products.  Similar to the larger customized products, the Company recognizes the revenue associated with installation services using the input method, whereby the basis is the total contract costs incurred to date compared to the total expected costs to be incurred.


Revenue on sales to distribution partners are recorded net of prompt-pay discounts, if offered, and other deductions.  To the extent the transaction price includes variable consideration, the Company estimates the amount of variable consideration that should be included in the transaction price utilizing the most likely amount method to which the Company expects to be entitled.  In the case of prompt-pay discounts, there are only two possible outcomes: either the customer pays on-time or does not.  Variable consideration is included in the transaction price if, in the Company’s judgment, it is probable that a significant future reversal of cumulative revenue under the contract will not occur.  Determination of whether to include estimated amounts in the transaction price are based largely on an assessment of the Company’s anticipated performance and all information (historical, current and forecasted) that is reasonably available.  The Company believes that the estimates it has established are reasonable based upon current facts and circumstances.  Applying different judgments to the same facts and circumstances could result in the estimated amounts to vary.  The Company offers an assurance-type warranty that the digital display products will conform to the published specifications.  Returns may only be made subject to this warranty and not for convenience.


Digital Product Lease and Maintenance


Digital product lease revenues represent revenues from leasing equipment that we own.  We do not generally provide an option for the lessee to purchase the rented equipment at the end of the lease and do not generate material revenue from sales of equipment under such options.  Our lease revenues do not include material amounts of variable payments.  Digital product maintenance revenues represent revenues from maintenance agreements for equipment that we do not own.  Lease and maintenance contracts generally run for periods of one month to 10 years.  A contract entered into by the Company with a customer may contain both lease and maintenance services (either or both services may be agreed upon based on the individual customer contract).  Maintenance services may consist of providing labor, parts and software maintenance as may be required to maintain the customer’s equipment in proper operating condition at the customer’s service location.  The Company concluded the lease and maintenance services represent a series of distinct services and the most representative method for measuring progress towards satisfying the performance obligation of these services is the input method.  Additionally, maintenance services require the Company to “stand ready” to provide support to the customer when and if needed.  As there is no discernable pattern of efforts other than evenly over the lease and maintenance terms, the Company will recognize revenue straight-line over the lease and maintenance terms of service.


The Company has an enforceable right to payment for performance completed to date, as evidenced by the requirement that the customer pay upfront for each month of services. Lease and maintenance service amounts billed ahead of revenue recognition are recorded in deferred revenue and are included in accrued liabilities in the Condensed Consolidated Financial Statements.


Revenues from equipment lease and maintenance contracts are recognized during the term of the respective agreements.  At March 31, 2021, the future minimum lease payments due to the Company under operating leases that expire at varying dates through 2028 for its rental equipment and maintenance contracts, assuming no renewals of existing leases or any new leases, aggregating $2,270,000 are as follows:  $649,000 – remainder of 2021, $516,000 – 2022, $365,000 – 2023, $292,000 – 2024, $200,000 – 2025 and $248,000 thereafter.


Contract Balances with Customers


Contract assets primarily relate to rights to consideration for goods or services transferred to the customer when the right is conditional on something other than the passage of time.  The contract assets are transferred to the receivables when the rights become unconditional.  As of March 31, 2021 and December 31, 2020, the Company had no contract assets.  The contract liabilities primarily relate to the advance consideration received from customers for contracts prior to the transfer of control to the customer and therefore revenue is recognized on completion of delivery.  Contract liabilities are classified as deferred revenue by the Company and are included in customer deposits and accrued liabilities in the Condensed Consolidated Balance Sheets.


The following table presents the balances in the Company’s receivables and contract liabilities with customers:


In thousands

 

March 31, 2021

 

December 31, 2020

Gross receivables

 

$

2,397

 

$

2,042

Allowance for bad debts

 

619

 

 

660

Net receivables

 

 

1,778

 

 

1,382

Contract liabilities

 

 

609

 

 

618


During the three months ended March 31, 2021 and 2020, the Company recognized the following revenues as a result of changes in the contract asset and the contract liability balances in the respective periods:


 

 

For the Three Months Ended

In thousands

 

March 31, 2021

 

March 31, 2020

Revenue recognized in the period from:

 

 

 

 

 

 

Amounts included in the contract liability at the beginning of the period

$

479

$

69

Performance obligations satisfied in previous periods (for example, due to changes in transaction price)

 

$

 -

 

$

 -


Transaction Price Allocated to Future Performance Obligations – alternative more qualitative presentation


Remaining performance obligations represent the transaction price of contracts for which work has not been performed (or has been partially performed).  The guidance provides certain practical expedients that limit this requirement and, therefore, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which revenue is recognized at the amount to which the Company has the right to invoice for services performed.  As of March 31, 2021, the aggregate amount of the transaction price allocated to remaining performance obligations for digital product sales was $1.9 million and digital product lease and maintenance was $2.3 million.  


The Company expects to recognize revenue on approximately 67%, 18% and 15% of the remaining performance obligations over the next 12 months, 13 to 36 months and 37 or more months, respectively.


Costs to Obtain or Fulfill a Customer Contract


The Company capitalizes incremental costs of obtaining customer contracts.  Capitalized commissions are amortized based on the transfer of the products or services to which the assets relate.  Applying the practical expedient in paragraph 340-40-25-4, the Company recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets that the Company otherwise would have recognized is one year or less.  These costs are included in General and administrative expenses.


The Company accounts for shipping and handling activities related to contracts with customers as costs to fulfill the promise to transfer the associated products.  When shipping and handling costs are incurred after a customer obtains control of the products, the Company also has elected to account for these as costs to fulfill the promise and not as a separate performance obligation.  Shipping and handling costs associated with the distribution of finished products to customers are recorded in costs of goods sold and are recognized when the related finished product is shipped to the customer.


XML 22 R11.htm IDEA: XBRL DOCUMENT v3.21.1
Inventories
3 Months Ended
Mar. 31, 2021
Inventories [Line Items]  
Inventory Disclosure [Text Block]

Note 4 – Inventories


Inventories consist of the following:


 

March 31
2021

 

December 31
2020

In thousands

 

Raw materials

$

1,246

 

$

1,124

Work-in-progress

178

324

Finished goods

 

13

 

 

94

 

$

1,437

 

$

1,542


XML 23 R12.htm IDEA: XBRL DOCUMENT v3.21.1
Rental Equipment, net
3 Months Ended
Mar. 31, 2021
Rental Equipment, net [Line Items]  
Rental Equipment [Text Block]

Note 5 – Rental Equipment, net


Rental equipment consists of the following:


 

March 31
2021

 

December 31
2020

In thousands

 

Rental equipment

$

3,714

 

$

3,714

Less accumulated depreciation

3,120

 

3,058

Net rental equipment

$

594

 

$

656


Depreciation expense for rental equipment for the three months ended March 31, 2021 and 2020 was $61,000 and $72,000, respectively.


XML 24 R13.htm IDEA: XBRL DOCUMENT v3.21.1
Property, Plant and Equipment, net
3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment, net [Line Items]  
Property, Plant and Equipment Disclosure [Text Block]

Note 6 – Property, Plant and Equipment, net


Property, plant and equipment consists of the following:


 

March 31
2021

 

December 31
2020

In thousands

 

Machinery, fixtures and equipment

$

2,923

    

$

2,923

Leaseholds and improvements

 

23

 

 

23

 

 

2,946

 

 

2,946

Less accumulated depreciation

 

811

 

 

746

Net property, plant and equipment

$

2,135

 

$

2,200


Machinery, fixtures and equipment having a net book value of $2.1 million and $2.2 million at March 31, 2021 and December 31, 2020, respectively, were pledged as collateral under various financing agreements.


Depreciation expense for property, plant and equipment for the three months ended March 31, 2021 and 2020 was $65,000 and $76,000, respectively.


XML 25 R14.htm IDEA: XBRL DOCUMENT v3.21.1
Long-Term Debt
3 Months Ended
Mar. 31, 2021
Long-Term Debt [Line Items]  
Long-term Debt [Text Block]

Note 7 Long-Term Debt


Long-term debt consists of the following:


 

March 31
2021

 

December 31 
2020

In thousands

 

8¼% Limited convertible senior subordinated notes due 2012

$

302

    

$

352

9½% Subordinated debentures due 2012

 

220

   

220

Revolving credit line

 

702

 

 

612

Term loans - related party

 

1,000

 

 

1,000

Term loan

 

811

 

 

811

Total debt

 

3,035

 

 

2,995

Less deferred financing costs and debt discount

 

148

 

 

180

Net debt

 

2,887

 

 

2,815

Less portion due within one year

 

2,618

 

 

2,546

Net long-term debt

$

269

 

$

269


On September 16, 2019, the Company entered into a loan agreement (the “Loan Agreement”) with MidCap.  On June 3, 2020, the Company and MidCap entered into a modification agreement to the Loan Agreement.  The Loan Agreement has a term of three years, unless earlier terminated by the parties in accordance with the termination provisions of the Loan Agreement.  The Loan Agreement allows the Company to borrow up to an aggregate of $4.0 million at an interest rate of the 3-month LIBOR interest rate plus 4.75% (5.00% at March 31, 2021) on a revolving credit loan based on accounts receivable, inventory and equipment for general working capital purposes.  As of March 31, 2021, the balance outstanding under the Loan Agreement was $702,000.  The Loan Agreement also requires the payment of certain fees, including a facility fee, an unused credit line fee and a collateral monitoring charge.  The Loan Agreement contains financial and other covenant requirements, including financial covenants that require the Borrowers to attain certain EBITDA amounts for certain periods, the first of which is for the three months ended March 31, 2021.  The Company was not in compliance with this covenant.  The Loan Agreement is secured by substantially all of the Borrowers’ assets.


The Company has a $500,000 loan from Carlisle Investments Inc. (“Carlisle”) at a fixed interest rate of 12.00%, which matured on April 27, 2019 with a bullet payment of all principal due at such time.  Interest is payable monthly.  As of March 31, 2021, the entire amount was outstanding and is included in current portion of long-term debt in the Consolidated Balance Sheets.  As of March 31, 2021 and December 31, 2020, the Company had accrued $195,000 and $180,000, respectively, of interest related to this loan, which are included in accrued liabilities in the Condensed Consolidated Balance Sheets.  Marco Elser, a former director of the Company, exercises voting and dispositive power as investment manager of Carlisle.


The Company has an additional $500,000 loan from Carlisle at a fixed interest rate of 12.00%, which matured on December 10, 2017 with a bullet payment of all principal due at such time (the “Second Carlisle Agreement”).  Interest is payable monthly.  Carlisle has agreed to not demand payment on the loan through at least December 31, 2020.  As of March 31, 2021, the entire amount was outstanding and is included in current portion of long-term debt Consolidated Balance Sheets.  As of March 31, 2021 and December 31, 2020, the Company had accrued $195,000 and $180,000, respectively, of interest related to this loan, which are included in accrued liabilities in the Condensed Consolidated Balance Sheets.  Under the Second Carlisle Agreement, the Company granted a security interest to Carlisle in accounts receivable, materials and intangibles relating to a certain purchase order for equipment issued in April 2017.


As of March 31, 2021 and December 31, 2020, the Company had outstanding $302,000 and $352,000, respectively, of Notes.  The Notes matured as of March 1, 2012 and are currently in default.  As of March 31, 2021 and December 31, 2020, the Company had accrued $289,000 and $329,000, respectively, of interest related to the Notes, which is included in Accrued liabilities in the Consolidated Balance Sheets.  The trustee, by notice to the Company, or the holders of 25% of the principal amount of the Notes outstanding, by notice to the Company and the trustee, may declare the outstanding principal plus interest due and payable immediately. On January 15, 2021, holders of $50,000 of the Notes accepted the Company’s offer to exchange each $1,000 of principal, forgiving any related interest, for $400 in cash, for an aggregate payment by the Company of $20,000.  As a result of the transaction, the Company recorded a gain on the extinguishment of debt, net of expenses, of $77,000 in the three months ended March 31, 2021.


As of March 31, 2021 and December 31, 2020, the Company had outstanding $220,000 of Debentures.  The Debentures matured as of December 1, 2012 and are currently in default.  As of March 31, 2021 and December 31, 2020, the Company had accrued $237,000 and $232,000, respectively, of interest related to the Debentures, which is included in Accrued liabilities in the Consolidated Balance Sheets.  The trustee, by notice to the Company, or the holders of 25% of the principal amount of the Debentures outstanding, by notice to the Company and the trustee, may declare the outstanding principal plus interest due and payable immediately.


XML 26 R15.htm IDEA: XBRL DOCUMENT v3.21.1
Pension Plan
3 Months Ended
Mar. 31, 2021
Pension Plan [Line Items]  
Retirement Benefits [Text Block]

Note 8 Pension Plan


As of December 31, 2003, the benefit service under the pension plan had been frozen and, accordingly, there is no service cost.  As of April 30, 2009, the compensation increments had been frozen and, accordingly, no additional benefits are being accrued under the pension plan.


The following table presents the components of net periodic pension cost:


 

 

Three months ended March 31

In thousands

 

2021

 

2020

Interest cost

 

$

63

 

$

97

Expected return on plan assets

(210)

(203)

Amortization of net actuarial loss

 

 

80

 

 

70

Net periodic pension benefit

$

(67)

$

(36)


As of March 31,2021 and December 31, 2020, the Company had recorded a current pension liability of $465,000 and $1.0 million, respectively, which is included in accrued liabilities in the Condensed Consolidated Balance Sheets, and a long-term pension liability of $4.1 million and $3.7 million, respectively, which is included in deferred pension liability and other in the Condensed Consolidated Balance Sheets.  The minimum required contribution in 2021 is expected to be $465,000, of which the Company has already contributed $56,000 as of March 31, 2021.


XML 27 R16.htm IDEA: XBRL DOCUMENT v3.21.1
Leases
3 Months Ended
Mar. 31, 2021
Leases [Line Items]  
Lessee, Operating Leases [Text Block]

Note 9 Leases


The Company leases administrative and manufacturing facilities through operating lease agreements. The Company has no finance leases as of March 31, 2021.  Our leases include both lease (e.g., fixed payments including rent) and non-lease components (e.g., common area or other maintenance costs). The facility leases include one or more options to renew.  The exercise of lease renewal options is typically at our sole discretion, therefore, the renewals to extend the lease terms are not included in our right of use (“ROU”) assets or lease liabilities as they are not reasonably certain of exercise.  We regularly evaluate the renewal options and, when they are reasonably certain of exercise, we include the renewal period in our lease term.


Operating leases result in the recognition of ROU assets and lease liabilities on the Condensed Consolidated Balance Sheets.  ROU assets represent our right to use the leased asset for the lease term and lease liabilities represent our obligation to make lease payments.  Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term.  As most of our leases do not provide an implicit rate, we use our estimated incremental borrowing rate at the commencement date to determine the present value of lease payments.  Most real estate leases include one or more options to renew, with renewal terms that can extend the lease term from 1 to 5 years or more.  Lease expense is recognized on a straight-line basis over the lease term.  Leases with an initial term of 12 months or less are not recorded on the Condensed Consolidated Balance Sheets.  The primary leases we enter into with initial terms of 12 months or less are for equipment.


Supplemental information regarding leases:


 

 

 

March, 31

 In thousands, unless otherwise noted

 

 

2021

Balance Sheet:

 

 

 

ROU assets

 

$

786

Current lease liabilities – operating

 

 

304

Non-current lease liabilities - operating

   

516

Total lease liabilities

 

 

820

Weighted average remaining lease term (years)

   

2.4

Weighted average discount rate

 

 

8.9%

Future minimum lease payments:

     

Remainder of 2021

 

$

278

2022

   

348

2023

 

 

295

Thereafter

   

 -

Total

 

 

921

Less: Imputed interest

   

101

Total lease liabilities

 

 

820

Less: Current lease liabilities

   

304

Long-term lease liabilities

 

$

516


Supplemental cash flow information regarding leases:


 

 

For the three months ended

In thousands

 

March 31, 2021

Operating cash flow information:

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

$

92

Non-cash activity:

 

 

 

ROU assets obtained in exchange for lease liabilities

 

 

 -


Total operating lease expense and short-term lease expense was $94,000 and $2,000, respectively, for the three months ended March 31, 2021.  Total operating lease expense and short-term lease expense was $101,000 and $18,000, respectively, for the three months ended March 31, 2020.


XML 28 R17.htm IDEA: XBRL DOCUMENT v3.21.1
Stockholders' Deficit and Loss Per Share
3 Months Ended
Mar. 31, 2021
Stockholders' Deficit and Loss Per Share [Line Items]  
Earnings Per Share [Text Block]

Note 10 – Stockholders’ Deficit and Loss Per Share


The following table presents the calculation of loss per share for the three months ended March 31, 2021 and 2020:


 

 

Three months ended March 31

In thousands, except per share data

 

2021

 

2020

Numerator:

 

 

 

 

 

 

Net loss, as reported

$

(621)

 

$

(1,043)

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding

 

13,696

 

 

13,696

Basic and diluted loss per share

 

$

(0.05)

 

$

(0.08)


Basic loss per common share is computed by dividing net loss attributable to common shares by the weighted average number of common shares outstanding for the period.  Diluted loss per common share is computed by dividing net loss attributable to common shares, by the weighted average number of common shares outstanding, adjusted for shares that would be assumed outstanding after warrants and stock options vested under the treasury stock method.


As of March 31, 2021 and 2020, the Company had warrants to purchase 250,000 shares of Common Stock outstanding which were included in the calculation of diluted loss per share because their exercise price was less than the average stock price for the period so their inclusion was dilutive.  As of March 31, 2021 and 2020, the Company had other warrants to purchase 1.6 million and 10,000 shares, respectively, of Common Stock outstanding, which were excluded from the calculation of diluted loss per share because their exercise price was greater than the average stock price for the period and their inclusion would have been anti-dilutive.


XML 29 R18.htm IDEA: XBRL DOCUMENT v3.21.1
Contingencies
3 Months Ended
Mar. 31, 2021
Contingencies [Line Items]  
Commitments and Contingencies Disclosure [Text Block]

Note 11 – Contingencies


The Company is subject to legal proceedings and claims which arise in the ordinary course of its business and/or which are covered by insurance.  The Company has accrued reserves individually and in the aggregate for such legal proceedings.  Should actual litigation results differ from the Company’s estimates, revisions to increase or decrease the accrued reserves may be required.  There are no open matters that the Company deems material.


XML 30 R19.htm IDEA: XBRL DOCUMENT v3.21.1
Related Party Transactions
3 Months Ended
Mar. 31, 2021
Related Party Transactions [Line Items]  
Related Party Transactions Disclosure [Text Block]

Note 12 Related Party Transactions


The Company has the following related party transactions:


As of March 31, 2021, Unilumin USA (“Unilumin”) owns 52.0% of the Company’s Common Stock and beneficially owns 53.7% of the Company’s Common Stock.  Nicholas J. Fazio, Yang Liu and Yantao Yu, each directors of the Company, are each directors and/or officers of Unilumin.  The Company purchased $419,000 and $32,000 of product from Unilumin in the three months ended March 31, 2021 and 2020, respectively.  The amount payable by the Company to Unilumin was $1.1 million and $231,000 as of March 31, 2021 and December 31, 2020, respectively.


XML 31 R20.htm IDEA: XBRL DOCUMENT v3.21.1
Business Segment Data
3 Months Ended
Mar. 31, 2021
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 the three months ended March 31, 2021 and 2020.  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 forthe three months ended March 31, 2021 and 2020 is as follows:


 

 

Three Months Ended March 31

In thousands

 

2021

 

2020

Revenues:

 

 

 

 

 

 

Digital product sales

 

$

2,093

 

$

1,334

Digital product lease and maintenance

 

 

493

 

 

579

Total revenues

 

$

2,586

 

$

1,913

Operating (loss) income:

 

 

 

 

 

 

Digital product sales

 

$

(626)

 

$

(982)

Digital product lease and maintenance

 

 

319

 

 

362

Corporate general and administrative expenses

 

 

(313)

 

 

(547)

Total operating loss

 

 

(620)

 

 

(1,167)

Interest expense, net

   

(103)

   

(108)

(Loss) gain on foreign currency remeasurement

 

 

(36)

 

 

202

Gain on extinguishment of debt

   

77

   

 -

Pension benefit

 

 

67

 

 

36

Loss before income taxes

   

(615)

   

(1,037)

Income tax expense

 

 

(6)

 

 

(6)

Net loss

 

$

(621)

 

$

(1,043)


 

           
   

 March 31

 

 December 31

 

 

2021

 

2020

Assets

 

 

 

 

 

 

Digital product sales

 

$

5,397

 

$

5,231

Digital product lease and maintenance

 

 

1,620

 

 

1,781

Total identifiable assets

   

7,017

   

7,012

General corporate

 

 

351

 

 

43

Total assets

 

$

7,368

 

$

7,055


XML 32 R21.htm IDEA: XBRL DOCUMENT v3.21.1
Subsequent Events
3 Months Ended
Mar. 31, 2021
Subsequent Events [Line Items]  
Subsequent Events [Text Block]

Note 15 Subsequent Events


The Company has evaluated events and transactions subsequent to March 31, 2021 and through the date these Condensed Consolidated Financial Statements were included in this Form 10-Q and filed with the SEC.


XML 33 R22.htm IDEA: XBRL DOCUMENT v3.21.1
Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2021
Revenue Recognition (Tables) [Line Items]  
Disaggregation of Revenue [Table Text Block]

 

 

For the Three Months Ended

In thousands

 

March 31, 2021

 

March 31, 2020

Digital product sales:

 

 

 

 

 

 

Catalog and small customized products

 

$

2,093

$

1,334

Large customized products

 

 

 -

 

 

-

Subtotal

 

2,093

 

 

1,334

Digital product lease and maintenance:

 

 

 

 

 

 

Operating leases

209

279

Maintenance agreements

 

 

284

 

 

300

Subtotal

 

493

 

 

579

Total

 

$

2,586

 

$

1,913

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

In thousands

 

March 31, 2021

 

December 31, 2020

Gross receivables

 

$

2,397

 

$

2,042

Allowance for bad debts

 

619

 

 

660

Net receivables

 

 

1,778

 

 

1,382

Contract liabilities

 

 

609

 

 

618

Schedule Of Changes In Contract Asset And Contract Liability [Table Text Block]

 

 

For the Three Months Ended

In thousands

 

March 31, 2021

 

March 31, 2020

Revenue recognized in the period from:

 

 

 

 

 

 

Amounts included in the contract liability at the beginning of the period

$

479

$

69

Performance obligations satisfied in previous periods (for example, due to changes in transaction price)

 

$

 -

 

$

 -

XML 34 R23.htm IDEA: XBRL DOCUMENT v3.21.1
Inventories (Tables)
3 Months Ended
Mar. 31, 2021
Inventories (Tables) [Line Items]  
Schedule of Inventory, Current [Table Text Block]

 

March 31
2021

 

December 31
2020

In thousands

 

Raw materials

$

1,246

 

$

1,124

Work-in-progress

178

324

Finished goods

 

13

 

 

94

 

$

1,437

 

$

1,542

XML 35 R24.htm IDEA: XBRL DOCUMENT v3.21.1
Rental Equipment, net (Tables)
3 Months Ended
Mar. 31, 2021
Rental Equipment, net (Tables) [Line Items]  
Rental Equipment [Table Text Block]

 

March 31
2021

 

December 31
2020

In thousands

 

Rental equipment

$

3,714

 

$

3,714

Less accumulated depreciation

3,120

 

3,058

Net rental equipment

$

594

 

$

656

XML 36 R25.htm IDEA: XBRL DOCUMENT v3.21.1
Property, Plant and Equipment, net (Tables)
3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment, net (Tables) [Line Items]  
Property, Plant and Equipment [Table Text Block]

 

March 31
2021

 

December 31
2020

In thousands

 

Machinery, fixtures and equipment

$

2,923

    

$

2,923

Leaseholds and improvements

 

23

 

 

23

 

 

2,946

 

 

2,946

Less accumulated depreciation

 

811

 

 

746

Net property, plant and equipment

$

2,135

 

$

2,200

XML 37 R26.htm IDEA: XBRL DOCUMENT v3.21.1
Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2021
Long-Term Debt (Tables) [Line Items]  
Schedule of Long-term Debt Instruments [Table Text Block]

 

March 31
2021

 

December 31 
2020

In thousands

 

8¼% Limited convertible senior subordinated notes due 2012

$

302

    

$

352

9½% Subordinated debentures due 2012

 

220

   

220

Revolving credit line

 

702

 

 

612

Term loans - related party

 

1,000

 

 

1,000

Term loan

 

811

 

 

811

Total debt

 

3,035

 

 

2,995

Less deferred financing costs and debt discount

 

148

 

 

180

Net debt

 

2,887

 

 

2,815

Less portion due within one year

 

2,618

 

 

2,546

Net long-term debt

$

269

 

$

269

XML 38 R27.htm IDEA: XBRL DOCUMENT v3.21.1
Pension Plan (Tables)
3 Months Ended
Mar. 31, 2021
Pension Plan (Tables) [Line Items]  
Schedule of Net Benefit Costs [Table Text Block]

 

 

Three months ended March 31

In thousands

 

2021

 

2020

Interest cost

 

$

63

 

$

97

Expected return on plan assets

(210)

(203)

Amortization of net actuarial loss

 

 

80

 

 

70

Net periodic pension benefit

$

(67)

$

(36)

XML 39 R28.htm IDEA: XBRL DOCUMENT v3.21.1
Leases (Tables)
3 Months Ended
Mar. 31, 2021
Leases (Tables) [Line Items]  
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]
 

 

 

March, 31

 In thousands, unless otherwise noted

 

 

2021

Balance Sheet:

 

 

 

ROU assets

 

$

786

Current lease liabilities – operating

 

 

304

Non-current lease liabilities - operating

   

516

Total lease liabilities

 

 

820

Weighted average remaining lease term (years)

   

2.4

Weighted average discount rate

 

 

8.9%

Future minimum lease payments:

     

Remainder of 2021

 

$

278

2022

   

348

2023

 

 

295

Thereafter

   

 -

Total

 

 

921

Less: Imputed interest

   

101

Total lease liabilities

 

 

820

Less: Current lease liabilities

   

304

Long-term lease liabilities

 

$

516

Schedule Of Cash Flow Supplemental Disclosures Leases [Table Text Block]

 

 

For the three months ended

In thousands

 

March 31, 2021

Operating cash flow information:

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

$

92

Non-cash activity:

 

 

 

ROU assets obtained in exchange for lease liabilities

 

 

 -

XML 40 R29.htm IDEA: XBRL DOCUMENT v3.21.1
Stockholders' Deficit and Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2021
Stockholders' Deficit and Loss Per Share (Tables) [Line Items]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

 

 

Three months ended March 31

In thousands, except per share data

 

2021

 

2020

Numerator:

 

 

 

 

 

 

Net loss, as reported

$

(621)

 

$

(1,043)

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding

 

13,696

 

 

13,696

Basic and diluted loss per share

 

$

(0.05)

 

$

(0.08)

XML 41 R30.htm IDEA: XBRL DOCUMENT v3.21.1
Business Segment Data (Tables)
3 Months Ended
Mar. 31, 2021
Business Segment Data (Tables) [Line Items]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]

 

 

Three Months Ended March 31

In thousands

 

2021

 

2020

Revenues:

 

 

 

 

 

 

Digital product sales

 

$

2,093

 

$

1,334

Digital product lease and maintenance

 

 

493

 

 

579

Total revenues

 

$

2,586

 

$

1,913

Operating (loss) income:

 

 

 

 

 

 

Digital product sales

 

$

(626)

 

$

(982)

Digital product lease and maintenance

 

 

319

 

 

362

Corporate general and administrative expenses

 

 

(313)

 

 

(547)

Total operating loss

 

 

(620)

 

 

(1,167)

Interest expense, net

   

(103)

   

(108)

(Loss) gain on foreign currency remeasurement

 

 

(36)

 

 

202

Gain on extinguishment of debt

   

77

   

 -

Pension benefit

 

 

67

 

 

36

Loss before income taxes

   

(615)

   

(1,037)

Income tax expense

 

 

(6)

 

 

(6)

Net loss

 

$

(621)

 

$

(1,043)

 

           
   

 March 31

 

 December 31

 

 

2021

 

2020

Assets

 

 

 

 

 

 

Digital product sales

 

$

5,397

 

$

5,231

Digital product lease and maintenance

 

 

1,620

 

 

1,781

Total identifiable assets

   

7,017

   

7,012

General corporate

 

 

351

 

 

43

Total assets

 

$

7,368

 

$

7,055

XML 42 R31.htm IDEA: XBRL DOCUMENT v3.21.1
Liquidity and Going Concern (Details) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Liquidity and Going Concern (Details) [Line Items]    
Net Income (Loss) Attributable to Parent $ (621,000) $ (1,043,000)
Working Capital Deficit $ 6,300,000  
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.21.1
Revenue Recognition (Details) - Performance Obligations
3 Months Ended
Mar. 31, 2021
USD ($)
Revenue Recognition (Details) - Performance Obligations [Line Items]  
Segment Reporting Information, Description of Products and Services The Company has two primary revenue streams which are Digital product sales and Digital product lease and maintenance
Lessor, Operating Lease, Payments to be Received $ 2,270,000
Lessor, Operating Lease, Payment to be Received, Remainder of Fiscal Year 649,000
Lessor, Operating Lease, Payment to be Received, Year One 516,000
Lessor, Operating Lease, Payment to be Received, Year Two 365,000
Lessor, Operating Lease, Payment to be Received, Year Three 292,000
Lessor, Operating Lease, Payment to be Received, Year Four 200,000
Lessor, Operating Lease, Payment to be Received, Year Five $ 248,000
Minimum [Member]  
Revenue Recognition (Details) - Performance Obligations [Line Items]  
Lease And Maintenance Term Of Contract 1 month
Maximum [Member]  
Revenue Recognition (Details) - Performance Obligations [Line Items]  
Lease And Maintenance Term Of Contract 10 years
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.21.1
Revenue Recognition (Details) - Remaining Performance Obligations
$ in Millions
Mar. 31, 2021
USD ($)
Digital Product Sales [Member]  
Revenue Recognition (Details) - Remaining Performance Obligations [Line Items]  
Revenue, Remaining Performance Obligation, Amount $ 1.9
Digital Product Lease And Maintenance [Member]  
Revenue Recognition (Details) - Remaining Performance Obligations [Line Items]  
Revenue, Remaining Performance Obligation, Amount $ 2.3
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.21.1
Revenue Recognition (Details) - Remaining Performance Obligations, Expected Timing of recognition
Mar. 31, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01  
Revenue Recognition (Details) - Remaining Performance Obligations, Expected Timing of recognition [Line Items]  
Revenue, Remaining Performance Obligation, Percentage 67.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01  
Revenue Recognition (Details) - Remaining Performance Obligations, Expected Timing of recognition [Line Items]  
Revenue, Remaining Performance Obligation, Percentage 18.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01 | Minimum [Member]  
Revenue Recognition (Details) - Remaining Performance Obligations, Expected Timing of recognition [Line Items]  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 13 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01 | Maximum [Member]  
Revenue Recognition (Details) - Remaining Performance Obligations, Expected Timing of recognition [Line Items]  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 36 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01  
Revenue Recognition (Details) - Remaining Performance Obligations, Expected Timing of recognition [Line Items]  
Revenue, Remaining Performance Obligation, Percentage 15.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 37 months
XML 46 R35.htm IDEA: XBRL DOCUMENT v3.21.1
Revenue Recognition (Details) - Disaggregation of revenue from contracts with customers - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Digital product sales:    
Revenue from contracts with customers $ 2,586,000 $ 1,913,000
Digital Product Sales [Member]    
Digital product sales:    
Revenue from contracts with customers 2,093,000 1,334,000
Digital Product Lease And Maintenance [Member]    
Digital product sales:    
Revenue from contracts with customers 493,000 579,000
Catalog And Small Customized Products [Member] | Digital Product Sales [Member]    
Digital product sales:    
Revenue from contracts with customers 2,093,000 1,334,000
Large Customized Products [Member] | Digital Product Sales [Member]    
Digital product sales:    
Revenue from contracts with customers
Operating Leases [Member] | Digital Product Lease And Maintenance [Member]    
Digital product sales:    
Revenue from contracts with customers 209,000 279,000
Maintenance Agreements [Member] | Digital Product Lease And Maintenance [Member]    
Digital product sales:    
Revenue from contracts with customers $ 284,000 $ 300,000
XML 47 R36.htm IDEA: XBRL DOCUMENT v3.21.1
Revenue Recognition (Details) - Company`s receivables and contract liabilities with customers - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Revenue Recognition (Details) - Company`s receivables and contract liabilities with customers [Line Items]    
Gross receivables $ 2,397,000 $ 2,042,000
Allowance for bad debts 619,000 660,000
Net receivables 1,778,000 1,382,000
Contract liabilities $ 609,000 $ 618,000
XML 48 R37.htm IDEA: XBRL DOCUMENT v3.21.1
Revenue Recognition (Details) - Revenues as a result of changes in the contract asset and the contract liability - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue Recognition (Details) - Revenues as a result of changes in the contract asset and the contract liability [Line Items]    
Amounts included in the contract liability at the beginning of the period $ 479,000 $ 69,000
Performance obligations satisfied in previous periods (for example, due to changes in transaction price)
XML 49 R38.htm IDEA: XBRL DOCUMENT v3.21.1
Inventories (Details) - Inventories - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Inventory [Line Items]    
Raw materials $ 1,246,000 $ 1,124,000
Work-in-progress 178,000 324,000
Finished goods 13,000 94,000
Total inventory $ 1,437,000 $ 1,542,000
XML 50 R39.htm IDEA: XBRL DOCUMENT v3.21.1
Rental Equipment, net (Details) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Rental Equipment [Member]    
Rental Equipment, net (Details) [Line Items]    
Depreciation $ 61,000 $ 72,000
XML 51 R40.htm IDEA: XBRL DOCUMENT v3.21.1
Rental Equipment, net (Details) - Schedule Of Rental Equipment - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Rental Equipment, net (Details) - Schedule Of Rental Equipment [Line Items]    
Rental equipment $ 3,714,000 $ 3,714,000
Less accumulated depreciation 3,120,000 3,058,000
Net rental equipment $ 594,000 $ 656,000
XML 52 R41.htm IDEA: XBRL DOCUMENT v3.21.1
Property, Plant and Equipment, net (Details) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Property, Plant and Equipment, net (Details) [Line Items]      
Depreciation $ 65,000 $ 76,000  
Machinery Fixture And Equipment [Member]      
Property, Plant and Equipment, net (Details) [Line Items]      
Pledged Assets, Other, Not Separately Reported on Statement of Financial Position $ 2,100,000   $ 2,200,000
XML 53 R42.htm IDEA: XBRL DOCUMENT v3.21.1
Property, Plant and Equipment, net (Details) - Property, plant and equipment - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, Gross $ 2,946,000 $ 2,946,000
Less accumulated depreciation 811,000 746,000
Net property, plant and equipment 2,135,000 2,200,000
Machinery Fixture And Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, Gross 2,923,000 2,923,000
Leaseholds and Leasehold Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, Gross $ 23,000 $ 23,000
XML 54 R43.htm IDEA: XBRL DOCUMENT v3.21.1
Long-Term Debt (Details) - Loan Agreement with Midcap - Loan Agreement With MidCap [Member] - USD ($)
Sep. 16, 2019
Mar. 31, 2021
Long-Term Debt (Details) - Loan Agreement with Midcap [Line Items]    
Debt Instrument, Term 3 years  
Line of Credit Facility, Maximum Borrowing Capacity $ 4,000,000  
Debt Instrument, Description of Variable Rate Basis 3-month LIBOR interest rate plus 4.75%  
Debt Instrument, Basis Spread on Variable Rate 4.75%  
Debt Instrument, Interest Rate, Effective Percentage   5.00%
Long-term Line of Credit   $ 702,000
XML 55 R44.htm IDEA: XBRL DOCUMENT v3.21.1
Long-Term Debt (Details) - Carlisle - USD ($)
Apr. 27, 2019
Dec. 10, 2017
Mar. 31, 2021
Dec. 31, 2020
First Carlisle Agreement [Member]        
Long-Term Debt (Details) - Carlisle [Line Items]        
Proceeds from Loans $ 500,000      
Debt Instrument, Interest Rate, Stated Percentage 12.00%      
Debt Instrument, Maturity Date Apr. 27, 2019      
Interest Payable, Current     $ 195,000 $ 180,000
Second Carlisle Agreement [Member]        
Long-Term Debt (Details) - Carlisle [Line Items]        
Proceeds from Loans   $ 500,000    
Debt Instrument, Interest Rate, Stated Percentage   12.00%    
Debt Instrument, Maturity Date   Dec. 10, 2017    
Interest Payable, Current     $ 195,000 $ 180,000
XML 56 R45.htm IDEA: XBRL DOCUMENT v3.21.1
Long-Term Debt (Details) - 2012 Note - 8¼% Limited Convertible Senior Subordinated Notes Due 2012 [Member] - USD ($)
3 Months Ended
Jan. 15, 2021
Mar. 31, 2021
Dec. 31, 2020
Long-Term Debt (Details) - 2012 Note [Line Items]      
Long-term Debt   $ 302,000 $ 352,000
Debt Instrument, Maturity Date   Mar. 01, 2012  
Interest Payable, Current   $ 289,000 $ 329,000
Debt Instrument, Face Amount $ 50,000    
Debt Exchange Each Principal Amount Of Original Debt Exchanged 1,000    
Repayment Of Convertible Debt Principal 400    
Debt Exchanged Aggregate Payment $ 20,000    
Gain (Loss) on Extinguishment of Debt   $ 77,000  
XML 57 R46.htm IDEA: XBRL DOCUMENT v3.21.1
Long-Term Debt (Details) - 2012 Debenture - 9½% Subordinated Debentures Due 2012 [Member] - USD ($)
3 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Long-Term Debt (Details) - 2012 Debenture [Line Items]    
Long-term Debt $ 220,000 $ 220,000
Debt Instrument, Maturity Date Dec. 01, 2012  
Interest Payable, Current $ 237,000 $ 232,000
XML 58 R47.htm IDEA: XBRL DOCUMENT v3.21.1
Long-Term Debt (Details) - Long-Term Debt - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Debt Instrument [Line Items]    
Long-term debt, including current portion $ 2,887,000 $ 2,815,000
Less portion due within one year 2,618,000 2,546,000
Net long-term debt 269,000 269,000
Total debt 3,035,000 2,995,000
Less deferred financing costsand debt discount 148,000 180,000
8¼% Limited Convertible Senior Subordinated Notes Due 2012 [Member]    
Debt Instrument [Line Items]    
Long-term debt, including current portion 302,000 352,000
9½% Subordinated Debentures Due 2012 [Member]    
Debt Instrument [Line Items]    
Long-term debt, including current portion 220,000 220,000
Revolving Credit Line [Member]    
Debt Instrument [Line Items]    
Long-term debt, including current portion 702,000 612,000
Related Party Term Loan [Member]    
Debt Instrument [Line Items]    
Long-term debt, including current portion 1,000,000 1,000,000
Term Loan [Member]    
Debt Instrument [Line Items]    
Long-term debt, including current portion $ 811,000 $ 811,000
XML 59 R48.htm IDEA: XBRL DOCUMENT v3.21.1
Pension Plan (Details) - USD ($)
3 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Pension Plan (Details) [Line Items]    
Liability, Defined Benefit Pension Plan, Current $ 465,000 $ 1,000,000
Liability, Defined Benefit Pension Plan, Noncurrent 4,100,000 $ 3,700,000
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year 465,000  
Defined Benefit Plan, Plan Assets, Contributions by Employer $ 56,000  
XML 60 R49.htm IDEA: XBRL DOCUMENT v3.21.1
Pension Plan (Details) - Components of net periodic pension cost - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Pension Plan (Details) - Components of net periodic pension cost [Line Items]    
Interest cost $ 63,000 $ 97,000
Expected return on plan assets (210,000) (203,000)
Amortization of net actuarial loss 80,000 70,000
Net periodic pension benefit $ (67,000) $ (36,000)
XML 61 R50.htm IDEA: XBRL DOCUMENT v3.21.1
Leases (Details) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Leases (Details) [Line Items]    
Operating Lease, Expense $ 94,000 $ 101,000
Short-term Lease Payments $ 2,000 $ 18,000
Minimum [Member]    
Leases (Details) [Line Items]    
Lessee, Operating Lease, Renewal Term 1 year  
Maximum [Member]    
Leases (Details) [Line Items]    
Lessee, Operating Lease, Renewal Term 5 years  
XML 62 R51.htm IDEA: XBRL DOCUMENT v3.21.1
Leases (Details) - Supplemental information regarding leases - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Balance Sheet:    
ROU assets $ 786,000 $ 858,000
Current lease liabilities – operating 304,000 302,000
Non-current lease liabilities - operating 516,000 591,000
Total lease liabilities $ 820,000  
Weighted average remaining lease term (years) 2 years 146 days  
Weighted average discount rate 8.90%  
Future minimum lease payments:    
Remainder of 2021 $ 278,000  
2022 348,000  
2023 295,000  
Thereafter  
Total 921,000  
Less: Imputed interest 101,000  
Total lease liabilities 820,000  
Less: Current lease liabilities 304,000 302,000
Long-term lease liabilities $ 516,000 $ 591,000
XML 63 R52.htm IDEA: XBRL DOCUMENT v3.21.1
Leases (Details) - Supplemental cash flow information regarding leases
3 Months Ended
Mar. 31, 2021
USD ($)
Operating cash flow information:  
Cash paid for amounts included in the measurement of lease liabilities $ 92,000
Non-cash activity:  
ROU assets obtained in exchange for lease liabilities
XML 64 R53.htm IDEA: XBRL DOCUMENT v3.21.1
Stockholders' Deficit and Loss Per Share (Details) - Warrant [Member] - shares
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Stockholders' Deficit and Loss Per Share (Details) [Line Items]    
Class of Warrant or Right, Number of Securities Called by Warrants or Rights 250,000 250,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 1,600,000 10,000
XML 65 R54.htm IDEA: XBRL DOCUMENT v3.21.1
Stockholders' Deficit and Loss Per Share (Details) - Calculation of loss per share - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Numerator:    
Net loss, as reported $ (621,000) $ (1,043,000)
Denominator:    
Weighted average shares outstanding 13,696,000 13,696,000
Basic and diluted loss per share $ (0.05) $ (0.08)
XML 66 R55.htm IDEA: XBRL DOCUMENT v3.21.1
Related Party Transactions (Details) - Unilumin [Member] - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Related Party Transactions (Details) [Line Items]      
Equity Method Investment, Ownership Percentage 52.00%    
Related Party Transaction, Purchases from Related Party $ 419,000 $ 32,000  
Accounts Payable, Related Parties $ 1,100,000   $ 231,000
Benificial Owner [Member]      
Related Party Transactions (Details) [Line Items]      
Equity Method Investment, Ownership Percentage 53.70%    
XML 67 R56.htm IDEA: XBRL DOCUMENT v3.21.1
Business Segment Data (Details)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Business Segment Data (Details) [Line Items]    
Number of Reportable Segments 2  
Foreign [Member] | Revenue Benchmark [Member]    
Business Segment Data (Details) [Line Items]    
Concentration Risk, Percentage 10.00% 10.00%
XML 68 R57.htm IDEA: XBRL DOCUMENT v3.21.1
Business Segment Data (Details) - Business Segment Data - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Revenues:      
Revenues $ 2,586,000 $ 1,913,000  
Operating (loss) income:      
Operating income (loss) (620,000) (1,167,000)  
Interest expense, net (103,000) (108,000)  
(Loss) gain on foreign currency remeasurement (36,000) 202,000  
Gain on extinguishment of debt 77,000  
Pension benefit 67,000 36,000  
Loss before income taxes (615,000) (1,037,000)  
Income tax expense (6,000) (6,000)  
Net loss (621,000) (1,043,000)  
Assets      
Assets 7,368,000 7,055,000 $ 7,055,000
Operating Segments [Member]      
Assets      
Assets 7,017,000 7,012,000  
Corporate, Non-Segment [Member]      
Operating (loss) income:      
Operating income (loss) (313,000) (547,000)  
Assets      
Assets 351,000 43,000  
Digital Product Sales [Member]      
Revenues:      
Revenues 2,093,000 1,334,000  
Digital Product Sales [Member] | Operating Segments [Member]      
Revenues:      
Revenues 2,093,000 1,334,000  
Operating (loss) income:      
Operating income (loss) (626,000) (982,000)  
Assets      
Assets 5,397,000 5,231,000  
Digital Product Lease And Maintenance [Member]      
Revenues:      
Revenues 493,000 579,000  
Digital Product Lease And Maintenance [Member] | Operating Segments [Member]      
Revenues:      
Revenues 493,000 579,000  
Operating (loss) income:      
Operating income (loss) 319,000 362,000  
Assets      
Assets $ 1,620,000 $ 1,781,000  
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