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Segment Information | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Segment Information | NOTE 18 - SEGMENT INFORMATION The Company’s eight businesses lines are organized, managed and internally reported as four reportable operating segments. Premier Packaging operates in the paper board folding carton, smart packaging, and document security printing markets. It markets, manufactures, and sells mailers, photo sleeves, sophisticated custom folding cartons, and complex 3-dimensional direct mail solutions designed to provide functionality, marketability, and sustainability to product packaging while providing counterfeit protection and consumer engagement platform. Digital Group researches, develops, markets, and sells the Company’s digital products worldwide. As an industry leader in brand authentication services, our solutions leverage functional anti-counterfeiting features and cutting-edge technologies to satisfy commercial and consumer product needs for branding, intelligent packaging, and marketing. Digital’s primary product is AuthentiGuard®, which is a brand authentication application that integrates the Company’s counterfeit deterrent technologies with proprietary digital data security-based solutions. IP Technology Management Inc., manages, licenses, and acquires intellectual property assets for the purpose of monetizing these assets through a variety of value-enhancing initiatives, including, but not limited to, investments in the development and commercialization of patented technologies, licensing, strategic partnerships, and commercial litigation. Direct Marketing/Online Sales Group provides services to assist companies in the emerging growth gig business model of peer-to-peer decentralized sharing marketplaces. Direct specializes in marketing and distributing its products and services through its subsidiary and partner network, using the popular gig economic marketing strategy as a form of direct marketing. 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 |
International revenue, which consists of sales to customers with operations in Canada, Western Europe, Latin America, Africa, the Middle East and Asia comprised 9.0% of total revenue for 2020 (2.0% - 2019). Revenue is allocated to individual countries by customer based on where the product is shipped. The Company had no long-lived assets in any country other than the United States for any period presented. 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 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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