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Segment Information | 3 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
Segment Information | 14. Segment Information The Company’s eight businesses lines are organized, managed and internally reported as four operating segments. One of these operating segments, Premier Packaging, is the Company’s packaging and security printing group. 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. These products are designed to provide functionality and marketability while also providing counterfeit protection. A second, BioHealth Group, invests in, or acquires companies in the biohealth and biomedical fields, including businesses focused on the advancement of drug discovery and prevention, inhibition, and treatment of neurological, oncological, and immune related diseases. This division is also developing open-air defense initiatives, which curb transmission of air-borne infectious diseases, such as tuberculosis and influenza. The BioHealth Group is also targeting unmet, urgent medical needs. A third operating segment, 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 (subsequent to March 31, 2021, this segment will be discontinued as the Company’s subsidiary DSS Digital, which constitutes the majority of the activity in this segment was disposed of See Note 15). The fourth segment, Direct Marketing/Online Sales Group, provides services to assist companies in the emerging growth gig business model of peer-to-peer decentralized sharing marketplaces. It 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. Direct marketing products include, among other things, nutritional and personal care products sold throughout North America, Asia Pacific and Eastern Europe. Our segment structure presented below represents a change from the prior year for the inclusion of our BioHealth Group and the removal of our Plastics segment and IP Technology Management segment as the Plastics segment was discontinued in 2020 and activities surrounding our IP Technology Management segment have significantly decreased. The amounts for these segments have been included in the Corporate reporting segment for the three months ended March 31, 2021 and 2020 below. Also, the investment in SHRG, recorded in the Corporate segment at December 31, 2020 is accounted for in the Direct Marketing segment for the three months ended March 31, 2021. Each of our segments employs consistent accounting policies. Approximate information concerning the Company’s operations by reportable segment for the three months ended March 31, 2021 and 2020 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:
Three Months Ended March 31, 2021 |  | Packaging and Printing |  |  | Digital |  |  | Direct Marketing |  |  | Biohealth Group |  |  | Corporate |  |  | Total |
Revenue |  | $ | 3,846,000 |  |  | $ | 489,000 |  |  | $ | 608,000 |  |  | $ | - |  |  | $ | - |  |  | $ | 4,943,000 |
Depreciation and amortization |  |  | 116,000 |  |  |  | 10,000 |  |  |  | 44,000 |  |  |  | 278,000 |  |  |  | 70,000 |  |  |  | 518,000 |
Interest expense |  |  | 19,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,000 |  |  |  | 20,000 |
Stock based compensation |  |  | 1,000 |  |  |  | 8,000 |  |  |  | - |  |  |  | - |  |  |  | 6,000 |  |  |  | 15,000 |
Net income (loss) from continuing operations |  |  | 218,000 |  |  |  | 54,000 |  |  |  | (1,799,000 | ) |  |  | (698,000 | ) |  |  | (1,673,000 | ) |  |  | (3,898,000 | )
Capital expenditures |  |  | 66,000 |  |  |  | - |  |  |  | 6,000 |  |  |  | - |  |  |  | - |  |  |  | 72,000 |
Identifiable assets |  |  | 22,567,000 |  |  |  | 980,000 |  |  |  | 18,892,000 |  |  |  | 51,158,000 |  |  |  | 49,206,000 |  |  |  | 142,803,000 |
Three Months Ended March 31,2020 |  | Packaging and Printing |  |  | Digital |  |  | Direct Marketing |  |  | Biohealth Group |  |  | Corporate |  |  | Total |
Revenue |  | $ | 3,158,000 |  |  | $ | 490,000 |  |  | $ | 573,000 |  |  | $ | - |  |  | $ | - |  |  | $ | 4,221,000 |
Depreciation and amortization |  |  | 223,000 |  |  |  | 9,000 |  |  |  | - |  |  |  | - |  |  |  | 71,000 |  |  |  | 303,000 |
Interest expense |  |  | 27,000 |  |  |  | 4,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 31,000 |
Stock based compensation |  |  | 4,000 |  |  |  | 20,000 |  |  |  | - |  |  |  | - |  |  |  | 66,000 |  |  |  | 90,000 |
Net income (loss) from continuing operations |  |  | 22,000 |  |  |  | (46,000 | ) |  |  | 204,000 |  |  |  | - |  |  |  | (1,101,000 | ) |  |  | (921,000 | )
Capital expenditures |  |  | 63,000 |  |  |  | 4,000 |  |  |  | - |  |  |  | - |  |  |  | 1,000 |  |  |  | 68,000 |
Identifiable assets |  |  | 10,626,000 |  |  |  | 757,000 |  |  |  | 865,000 |  |  |  | - |  |  |  | 7,093,000 |  |  |  | 19,341,000 |
The following tables disaggregate our business segment revenues by major source: Printed Products Revenue Information:
Three months ended March 31, 2021 |  |  |
Packaging Printing and Fabrication |  | $ | 3,688,000 |
Commercial and Security Printing |  |  | 158,000 |
Total Printed Products |  | $ | 3,846,000 |
Three months ended March 30, 2020 |  |  |
Packaging Printing and Fabrication |  | $ | 2,966,000 |
Commercial and Security Printing |  |  | 203,000 |
Total Printed Products |  | $ | 3,169,000 |
Technology Sales, Services and Licensing Revenue Information:
Three months ended March 31, 2021 |  |  |
Information Technology Sales and Services |  | $ | 38,000 |
Digital Authentication Products and Services |  |  | 367,000 |
Royalties from Licensees |  |  | 84,000 |
Total Technology Sales, Services and Licensing |  | $ | 489,000 |
Three months ended March 30, 2020 |  |  |
Information Technology Sales and Services |  | $ | 11,000 |
Digital Authentication Products and Services |  |  | 331,000 |
Royalties from Licensees |  |  | 137,000 |
Total Technology Sales, Services and Licensing |  | $ | 479,000 |
Direct Marketing
Three months ended March 31, 2021 |  |  |
Direct Marketing Internet Sales |  | $ | 608,000 |
Total Direct Marketing |  | $ | 608,000 |
Three months ended March 30, 2020 |  |  |
Direct Marketing Internet Sales |  | $ | 573,000 |
Total Direct Marketing |  | $ | 573,000 |

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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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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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