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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2014
SEGMENT INFORMATION [Abstract]  
SEGMENT INFORMATION


NOTE 14 - SEGMENT INFORMATION

 

As of January 1, 2014, the Company's businesses are organized, managed and internally reported as four operating segments.  Two of these operating segments, Packaging and Printing, and Plastics are engaged in the printing and production of paper, cardboard and plastic documents with a wide range of features, including the Company's patented technologies and trade secrets designed for the protection of documents against unauthorized duplication and altering.     Previously, the Company maintained a separately located operating segment, DSS Printing Group. This operating segment was relocated to the Company's packaging facility in Victor, New York in January 2014 and is no longer being evaluated by management as a segment separate from packaging. For presentation purposes, the 2013 Printing Group segment and Packaging segment amounts were combined to be consistent with the 2014 segment presentation. The two other operating segments, ExtraDev, Inc., dba DSS Digital Group, and DSS Technology Management, Inc., are engaged in various aspects of developing, acquiring, selling and licensing technology assets and are grouped into one reportable segment called Technology. 

 

Approximate information concerning the Company's operations by reportable segment for the years ended December 31, 2014 and 2013 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, 2014 Packaging and
Printing		     Plastics     Technology     Corporate     Total  
                         
Revenues from external customers $ 12,926,000       3,552,000       1,809,000       -     $ 18,287,000  
Depreciation and amortization   567,000       171,000       4,532,000       4,000       5,274,000  
Interest expense     156,000       7,000       54,000       100,000       317,000  
Stock based compensation     121,000       69,000       155,000       1,010,000       1,355,000  
Impairment of goodwill - - 3,000,000 - 3,000,000
Impairment of intangible assets and investments     -       -       34,035,000       -       34,035,000  
Loss attributable to noncontrolling interest     -       -       (4,700,000 )     -       (4,700,000 )
Income tax benefit     -       -       -       (989,000 )     (989,000 )
Net income (loss) to common stockholders     842,000       (106,000 )     (38,843,000 )     (3,050,000 )     (41,157,000 )
Capital expenditures     717,000       131,000       1,244,000       -       2,092,000  
Identifiable assets     8,873,000       1,872,000       14,872,000       2,136,000       27,753,000  

 

Year Ended December 31, 2013 Packaging and
Printing		     Plastics     Technology     Corporate     Total  
                         
Revenues from external customers $ 12,242,000       3,639,000       1,571,000       -     $ 17,452,000  
Depreciation and amortization   570,000       170,000       2,225,000       1,000       2,966,000  
Interest expense     165,000       -       5,000       76,000       246,000  
Stock based compensation     -       -       -       1,895,000       1,895,000  
Impairment of goodwill - - 239,000 - 239,000
Income tax benefit     -       -       -       (10,949,000 )     (10,949,000 )
Net income (loss)     676,000       89,000       (3,968,000 )     5,797,000       2,594,000  
Capital expenditures     1,889,000       15,000       2,864,000       12,000       4,780,000  
Identifiable assets     9,170,000       2,125,000       55,193,000       854,000       67,342,000  

 

International revenue, which consists of sales to customers with operations in Canada, Western Europe, Latin America, Africa, the Middle East and Asia comprised 2% of total revenue for 2014, (2%- 2013). Revenue is allocated to individual countries by customer based on where the product is shipped to, location of services performed or the location of equipment that is under an annual maintenance agreement. The Company had no long-lived assets in any country other than the United States for any period presented.

 

Major Customers - During 2014, two customers accounted for 40% of the Company's consolidated revenue. As of December 31, 2014, these two customers accounted for 27% of the Company's trade accounts receivable balance. During 2013, these same two customers accounted for 35% of the Company's consolidated revenue. As of December 31, 2013, these two customers accounted for 30% of the Company's trade accounts receivable balance.