Business Segment Data

12 Months Ended

Dec. 31, 2023

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 2023 and 2022.  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, 2023 and 2022 and as of December 31, 2023 and 2022 were as follows:

In thousands	2023		2022
Revenues:
Digital product sales	$	14,683	$	20,386
Digital product lease & maintenance		869		1,275
Total revenues	$	15,552	$	21,661
Operating (loss) income:
Digital product sales	$	(1,528)	$	394
Digital product lease & maintenance		441		799
Corporate general and    administrative expenses		(1,898)		(1,582)
Total operating loss		(2,985)		(389)
Interest expense, net		(702)		(410)
(Loss) gain on foreign currency     remeasurement		(60)		191
Gain on forgiveness of PPP loan		-		824
Pension (expense) benefit		(289)		142
(Loss) income before income taxes		(4,036)		358
Income tax expense		(31)		(35)
Net (loss) income	$	(4,067)	$	323
Assets:
Digital product sales	$	7,502	$	8,221
Digital product lease &    maintenance		643		1,143
Total identifiable assets		8,145		9,364
General corporate		185		48
Total assets	$	8,330	$	9,412
Depreciation and amortization:
Digital product sales	$	259	$	252
Digital product lease &    maintenance		144		186
General corporate		5		1
Total depreciation and amortization	$	378	$	439
Capital expenditures:
Digital product sales	$	284	$	18
Digital product lease &    maintenance		-		-
General corporate		43		-
Total capital expenditures	$	327	$	18