Business Segment Data

12 Months Ended

Dec. 31, 2022

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 2022 and 2021.  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, 2022 and 2021 and as of December 31, 2022 and 2021 were as follows:

In thousands	2022		2021
Revenues:
Digital product sales	$	20,386	$	9,418
Digital product lease & maintenance		1,275		1,932
Total revenues	$	21,661	$	11,350
Operating income (loss):
Digital product sales	$	394	$	(4,285)
Digital product lease & maintenance		799		1,282
Corporate general and     administrative expenses		(1,582)		(1,230)
Total operating loss		(389)		(4,233)
Interest expense, net		(410)		(578)
Gain (loss) on foreign currency   remeasurement		191		(18)
Gain on extinguishment of debt		-		77
Gain on forgiveness of PPP loan		824		-
Pension benefit (expense)		142		(181)
Income (loss) before income taxes		358		(4,933)
Income tax expense		(35)		(35)
Net income (loss)	$	323	$	(4,968)
Assets:
Digital product sales	$	8,221	$	6,379
Digital product lease &       maintenance		1,143		1,748
Total identifiable assets		9,364		8,127
General corporate		48		524
Total assets	$	9,412	$	8,651
Depreciation and amortization:
Digital product sales	$	252	$	249
Digital product lease &       maintenance		186		245
General corporate		1		1
Total depreciation and amortization	$	439	$	495
Capital expenditures:
Digital product sales	$	18	$	-
Digital product lease &       maintenance		-		-
General corporate		-		-
Total capital expenditures	$	18	$	-