• Filing Date: 2021-03-31
  • Form Type: 10-K
  • Description: Annual report
v3.21.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Schedule of Operations by Reportable Segment

Approximate information concerning the Company’s operations by reportable segment for years ended December 31, 2020 and 2019 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, 2020   Premier Packaging     Digital Group     IP Technology Management     Direct Marketing / Online Sales     Corporate     Total  
Revenue   $ 13,300,000     $ 2,085,000     $ -     $ 2,326,000     $ -     $ 17,411,000  
Depreciation and amortization     736,000       38,000       69,000       28,000       213,000       1,084,000  
Interest expense     102,000       15,000       -       -       68,000       185,000  
Stock based compensation     12,000       45,000       -       -       131,000       188,000  
Income tax benefit     -       -       -       -       1,774,000       1,774,000  
Net income (loss) from continuing operations     1,329,000       838,000       (350,000 )     (2,495,000 )     3,764,000       3,086,000  
Capital expenditures     260,000       11,000       -       49,000       5,000       325,000  
Identifiable assets     10,715,000       817,000       -       2,775,000       77,612,000       91,919,000  

  

Year Ended December 31, 2019   Premier Packaging     Digital Group     IP Technology Management     Direct Marketing / Online Sales     Corporate     Total  
Revenue   $ 13,230,000     $ 2,148,000     $ -     $ -     $ 172,000     $ 15,550,000  
Depreciation and amortization     904,000       33,000       82,000       -       132,000       1,151,000  
Interest expense     96,000       7,000       -       -       22,000       125,000  
Stock based compensation     17,000       81,000       -       -       324,000       422,000  
Income tax benefit     -       -       -       -       125,000       125,000  
Net income (loss) from continuing operations     311,000       (579,000 )     (475,000 )     -       (1,852,000 )     (2,595,000 )
Capital expenditures     819,000       24,000       -       -       104,000       947,000  
Identifiable assets     10,425,000       924,000       58,000       -       8,739,000       20,146,000  

Schedule of Disaggregation of Revenue

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

 

Printed Products Revenue Information:      
       
Twelve months ended December 31, 2020      
Packaging Printing and Fabrication   $ 11,782,000  
Commercial and Security Printing     1,218,000  
Total Printed Products   $ 13,000,000  
         
Twelve months ended December 31, 2019        
Packaging Printing and Fabrication   $ 12,071,000  
Commercial and Security Printing     1,159,000  
Total Printed Products   $ 13,230,000  
         
Technology Sales, Services and Licensing Revenue Information:        
         
Twelve months ended December 31, 2020        
Information Technology Sales and Services   $ 152,000  
Digital Authentication Products and Services     1,503,000  
Royalties from Licensees     430,000  
Total Printed Products   $ 2,085,000  
         
Twelve months ended December 31, 2019        
Information Technology Sales and Services   $ 189,000  
Digital Authentication Products and Services     1,414,000  
Royalties from Licensees     545,000  
Total Printed Products   $ 2,148,000  
         
Direct Marketing        
         
Twelve months ended December 31, 2020        
Direct Marketing Internet Sales   $ 2,326,000  
Total Direct Marketing   $ 2,326,000  
         
Twelve months ended December 31, 2019        
Direct Marketing Internet Sales   $ 172,000  
Total Direct Marketing   $ 172,000