Business Segment Data

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

19.  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 display sales and Digital display lease and maintenance.  Both design and produce large-scale, multi-color, real-time digital displays and LED lighting, which has a line of energy-saving lighting solutions that provide facilities and public infrastructure with “green” lighting solutions that emit less heat, save energy and enable creative designs.  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 display sales segment sells equipment and the Digital display 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 2015 and 2014.  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, 2015 and 2014 and as of December 31, 2015 and 2014 were as follows:

In thousands	2015		2014
Revenues:
Digital display sales	$	19,994	$	19,479
Digital display lease & maintenance		3,573		4,880
Total revenues	$	23,567	$	24,359
Operating income (loss):
Digital display sales	$	574	$	(1,292)
Digital display lease & maintenance		660		348
Corporate general and administrative expenses		(3,386)		(3,544)
Total operating loss		(2,152)		(4,488)
Interest expense, net		(306)		(240)
Gain on foreign currency exchange		478		236
Gain on extinguishment of debt		314		-
Warrant expense and change in warrant liabilities		(60)		(107)
Loss before income taxes		(1,726)		(4,599)
Income tax expense		(23)		(29)
Net loss	$	(1,749)	$	(4,628)
Assets:
Digital display sales	$	6,955	$	6,792
Digital display lease & maintenance		5,488		7,802
Total identifiable assets		12,443		14,594
General corporate		547		651
Total assets	$	12,990	$	15,245
Depreciation and amortization:
Digital display sales	$	100	$	122
Digital display lease & maintenance		2,268		2,868
General corporate		75		13
Total depreciation and amortization	$	2,443	$	3,003
Capital expenditures:
Digital display sales	$	169	$	8
Digital display lease & maintenance		61		44
General corporate		5		75
Total capital expenditures	$	235	$	127