• Filing Date: 2021-03-31
  • Form Type: 10-K
  • Description: Annual report
v3.21.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenue:    
Total revenue $ 17,411,000 $ 15,550,000
Costs and expenses:    
Cost of revenue, exclusive of depreciation and amortization 11,207,000 10,342,000
Selling, general and administrative (including stock based compensation) 15,867,000 6,674,000
Depreciation and amortization 1,084,000 1,151,000
Total costs and expenses 28,158,000 18,167,000
Operating loss (10,747,000) (2,617,000)
Other income (expense):    
Interest income 69,000 25,000
Other income 1,000
Interest expense (185,000) (125,000)
Gain on extinguishment of debt 969,000
Income from equity method investment 604,000
Unrealized gains 10,609,000
Amortization of deferred financing costs and debt discount (8,000) (3,000)
Income (loss) from continuing operations before income taxes 1,312,000 (2,720,000)
Income tax benefit 1,774,000 (125,000)
Income (loss) from continuing operations 3,086,000 (2,595,000)
Loss from discontinued operations (1,668,000) (294,000)
Net income (loss) 1,418,000 (2,889,000)
Loss from continuing operations attributed to noncontrolling interest 481,000
Net income (loss) attributable to common stockholders 1,899,000 (2,889,000)
Other comprehensive income (loss):    
Interest rate swap loss (15,000)
Settlement of interest rate swap 22,000
Comprehensive income (loss): $ 1,418,000 $ (2,882,000)
Earnings (loss) per common share - continuing operations:    
Basic $ 1.01 $ (3.05)
Diluted 0.59 (3.05)
Loss per common share - discontinued operations:    
Basic (0.47) (0.35)
Diluted $ (0.28) $ (0.35)
Shares used in computing earnings (loss) per common share:    
Basic 3,548,421 850,180
Diluted 6,019,207 850,180
Printed Products [Member]    
Revenue:    
Total revenue $ 13,000,000 $ 13,230,000
Technology Sales, Services and Licensing [Member]    
Revenue:    
Total revenue 2,085,000 2,148,000
Direct Marketing [Member]    
Revenue:    
Total revenue $ 2,326,000 $ 172,000