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Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of discontinued operations

The following tables show the major classes of assets and liabilities held for sale and results of operations of the discontinued operation.

 

DOCUMENT SECURITY SYSTEMS, INC. AND SUBSIDIARIES

Consolidated Balance Sheets - Assets Held For Sale

 

    June 30, 2020     December 31,  
    unaudited     2019  
             
ASSETS                
Current assets:                
Inventory   $ 236,000     $ 342,000  
Total current assets     236,000       342,000  
                 
Property, plant and equipment, net     656,000       732,000  
Right-of-use assets     952,000       1,081,000  
                 
LIABILITIES                
                 
Current liabilities:                
Current portion of lease liability     274,000       274,000  
Total current liabilities     274,000       274,000  
                 
Long term lease liability     678,000       807,000  

 

DOCUMENT SECURITY SYSTEMS, INC. AND SUBSIDIARIES

Consolidated Statements of Operations and Comprehensive Loss - Discontinued Operations

(unaudited)

 

    For the Three Months Ended     For the Six Months Ended  
    June 30,     June 30,  
    2020     2019     2020     2019  
Revenue:                                
Printed products   $ 603,000     $ 623,000     $ 1,383,000     $ 1,675,000  
Total revenue     603,000       623,000       1,383,000       1,675,000  
                                 
Costs and expenses:                                
Cost of revenue, exclusive of depreciation and amortization     484,000       514,000       1,113,000       1,140,000  
Selling, general and administrative (including stock based compensation)     286,000       355,000       733,000       751,000  
Depreciation and amortization     58,000       44,000       115,000       85,000  
Impairment of goodwill     -       -       685,000       -  
Total costs and expenses     828,000       913,000       2,646,000       1,976,000  
Operating loss     (225,000 )     (290,000 )     (1,263,000 )     (301,000 )
                                 
Other income (expense):                                
Interest expense     (7,000 )     (9,000 )     (15,000 )     (15,000 )
Income (loss) before income taxes     (232,000 )     (299,000 )     (1,278,000 )     (316,000 )
                                 
Income tax expense (benefit)     -       -       -       -  
Income (loss) from discontinued operations     (232,000 )     (299,000 )     (1,278,000 )     (316,000 )