SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 19 - SEGMENT INFORMATION

The Company’s nine businesses lines are organized, managed and internally reported as five operating segments. One of these operating segments, Product Packaging, is the Company’s packaging and printing group. Product Packaging operates in the paper board folding carton, smart packaging, and document security printing markets. It markets, manufactures, and sells mailers, photo sleeves, sophisticated custom folding cartons, and complex 3-dimensional direct mail solutions. These products are designed to provide functionality and marketability while also providing counterfeit protection. A second, Biotechnology, invests in, or acquires companies in the biohealth and biomedical fields, including businesses focused on the advancement of drug discovery and prevention, inhibition, and treatment of neurological, oncological, and immune related diseases. This division is also developing open-air defense initiatives, which curb transmission of air-borne infectious diseases, such as tuberculosis and influenza. Biotechnology is also targeting unmet, urgent medical needs. A third operating segment, Securities and Investment Management (“Securities”) was established to develop and/or acquire assets and investments in the securities trading and/or funds management arena. Further, Securities, in partnership with recognized global leaders in alternative trading systems, intends to own and operate in the US a single or multiple vertical digital asset exchanges for securities, tokenized assets, utility tokens, stable coins and cryptocurrency via a digital asset trading platform using blockchain technology. The scope of services within this section is planned to include asset issuance and allocation (securities and cryptocurrency), FPO, IPO, ITO, PPO, STO and UTO listings on a primary market(s), asset digitization/tokenization (securities, currency and cryptocurrency), and the listing and trading of digital assets (securities and cryptocurrency) on a secondary market(s). Also in this segment is the Company’s real estate investment trust (“REIT”), organized for the purposes of acquiring hospitals and other acute or post-acute care centers from leading clinical operators with dominant market share in secondary and tertiary markets, and leasing each property to a single operator under a triple-net lease. the REIT was formed to originate, acquire, and lease a credit-centric portfolio of licensed medical real estate. The fourth segment, Direct, provides services to assist companies in the emerging growth gig business model of peer-to-peer decentralized sharing marketplaces. It specializes in marketing and distributing its products and services through its subsidiary and partner network, using the popular gig economic marketing strategy as a form of direct marketing. Direct marketing products include, among other things, nutritional and personal care products sold throughout North America, Asia Pacific and Eastern Europe. The fifth business line, Commercial Banking, is organized for the purposes of being a financial network holding company, focused providing commercial loans and on acquiring equity positions in (i) undervalued commercial bank(s), bank holding companies and nonbanking licensed financial companies operating in the United States, South East Asia, Taiwan, Japan and South Korea, and (ii) companies engaged in—nonbanking activities closely related to banking, including loan syndication services, mortgage banking, trust and escrow services, banking technology, loan servicing, equipment leasing, problem asset management, SPAC (special purpose acquisition company) consulting, and advisory capital raising services. From this financial platform, the Company shall provide an integrated suite of financial services for businesses that shall include commercial business lines of credit, land development financing, inventory financing, third party loan servicing, and services that address the financial needs of the world Gig Economy.

Our segment structure presented below represents a change from the prior year for the inclusion of our Biotechnology, Securities, and Commercial Lending segments and the removal of our Plastics segment, Digital Group and IP Technology Management segment as the Plastics segment was discontinued in 2020, DSS Digital was sold and discontinued in May 2021 and activities surrounding our IP Technology Management segment have significantly decreased. The amounts for these segments have been included in the Corporate reporting segment for the year ended December 31, 2021 and 2020, as necessary, below for reconciliation purposes.

Approximate information concerning the Company’s operations by reportable segment for the years ended December 31, 2021, and 2020 is as follows. The Company relies on intersegment cooperation and management does not represent that these segments, if operated independently, would report the results contained herein:

Year Ended December 31, 2021	Product Packaging (as restated)		Commercial Lending			Direct Marketing			Biotechnology			Securities			Corporate			Total (as restated)
Revenue		15,315,000		250,000			3,379,000			83,000			1,196,000			52,000		$	20,275,000
Depreciation and amortization		612,000		-			461,000			1,113,000			1,833,000			303,000			4,322,000
Interest expense		62,000		-			2,000			1,000			114,000			17,000			196,000
Stock based compensation		3,000		-			-			-			-			43,000			46,000
Net income (loss) from continuing operations		710,000		(303,000	)		(17,709,000	)		(2,536,000	)		(4,582,000	)		(11,749,000	)		(36,169,000	)
Capital expenditures		4,296,000		-			9,798,000			-			56,794,000			189,000			71,077,000
Identifiable assets		23,575,000		32,964,000			50,659,000			56,425,000			64,701,000			54,383,000			282,707,000

Year Ended December 31,2020	Product Packaging		Commercial Lending		Direct		Biotechnology p			Securities			Corporate			Total
Revenue	$	13,040,000	$	-	$	2,326,000	$	-		$	-		$	-		$	15,366,000
Depreciation and amortization		736,000		-		28,000		-			-			304,000			1,068,000
Interest expense		102,000		-		-		-			101,000			(20,000	)		183,000
Stock based compensation		12,000		-		-		-			-			138,000			150,000
Income tax benefit		-		-		-		-			-			1,774,000			1,774,000
Net income (loss) from continuing operations		1,329,000		-		5,223,000		(440,000	)		(1,066,000	)		(2,986,000	)		2,060,000
Capital expenditures		260,000		-		49,000		-			-			12,000			321,000
Identifiable assets		10,715,000		-		15,009,000		48,118,000			2,820,000			15,257,000			91,919,000

International revenue, which consists of sales to customers with operations in Canada, Western Europe, Latin America, Africa, the Middle East and Asia comprised 11.0% of total revenue for 2021 (9.0% - 2020). Revenue is allocated to individual countries by customer based on where the product is shipped. The Company had no long-lived assets in any country other than the United States for any period presented.

The following tables disaggregate our business segment revenues by major source:

Printed Products Revenue Information:

Twelve months ended December 31, 2021
Packaging Printing and Fabrication	$	15,187,000
Commercial and Security Printing		352,000
Total Printed Products	$	15,539,000

Twelve months ended December 31, 2020
Packaging Printing and Fabrication	$	11,822,000
Commercial and Security Printing		1,218,000
Total Printed Products	$	13,040,000

Direct Marketing

Twelve months ended December 31, 2021
Direct Marketing Internet Sales	$	3,259,000
Total Direct Marketing	$	3,259,000

Twelve months ended December 31, 2020
Direct Marketing Internet Sales	$	2,326,000
Total Direct Marketing	$	2,326,000

Rental Income

Twelve months ended December 31, 2021
Rental income	$	1,203,000
Total Rental Income	$	1,203,000

Twelve months ended December 31, 2020
Rental income	$	-
Total Rental Income	$	-

Management Fee Income

Twelve months ended December 31, 2021
Management fee income	$	24,000
Total Management fee income	$	24,000

Twelve months ended December 31, 2020
Management fee income	$	-
Total Management fee income	$	-

Net Investment Income

Twelve months ended December 31, 2021
Net investment income	$	250,000
Total Net Investment Income	$	250,000

Twelve months ended December 31, 2020
Net investment income	$	-
Total Net Investment Income	$	-