Business Segment Data

12 Months Ended

Dec. 31, 2021

Business Segment Data [Line Items]

Segment Reporting Disclosure [Text Block]

20.  Business Segment Data

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

The Company evaluates segment performance and allocates resources based upon operating income.  The Company’s operations are managed in two reportable business segments: Digital product sales and Digital product lease and maintenance.  Both design and produce large-scale, multi-color, real-time digital products.  Both operating segments are conducted on a global basis, primarily through operations in the United States.  The Company also has operations in Canada.  The Digital product sales segment sells equipment and the Digital product lease and maintenance segment leases and maintains equipment.  Corporate general and administrative items relate to costs that are not directly identifiable with a segment.  There are no intersegment sales.

Foreign revenues represent less than 10% of the Company’s revenues for 2021 and 2020.  The foreign operation does not manufacture its own equipment; the domestic operation provides the equipment that the foreign operation leases or sells.  The foreign operation operates similarly to the domestic operation and has similar profit margins.  Foreign assets are immaterial.

Information about the Company’s operations in its two business segments for the years ended December 31, 2021 and 2020 and as of December 31, 2021 and 2020 were as follows:

In thousands	2021		2020
Revenues:
Digital product sales	$	9,418	$	7,378
Digital product lease & maintenance		1,932		2,067
Total revenues	$	11,350	$	9,445
Operating (loss) income:
Digital product sales	$	(4,285)	$	(5,169)
Digital product lease & maintenance		1,282		1,389
Corporate general and     administrative expenses		(1,230)		(836)
Total operating loss		(4,233)		(4,616)
Interest expense, net		(578)		(425)
Loss on foreign currency   remeasurement		(18)		(57)
Gain on extinguishment of debt		77		137
Pension (expense) benefit		(181)		111
Loss before income taxes		(4,933)		(4,850)
Income tax (expense) benefit		(35)		7
Net loss	$	(4,968)	$	(4,843)
Assets:
Digital product sales	$	6,379	$	5,231
Digital product lease &       maintenance		1,748		1,781
Total identifiable assets		8,127		7,012
General corporate		524		43
Total assets	$	8,651	$	7,055
Depreciation and amortization:
Digital product sales	$	249	$	251
Digital product lease &       maintenance		245		288
General corporate		1		1
Total depreciation and amortization	$	495	$	540
Capital expenditures:
Digital product sales	$	-	$	173
Digital product lease &       maintenance		-		16
General corporate		-		1
Total capital expenditures	$	-	$	190