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Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations

 

The following table shows the results of operations of the discontinued operation.

 

Plastic Printing Professionals, Inc.

Consolidated Statements of Operations and Comprehensive Loss - Discontinued Operations

(unaudited)

 

   For the Three Months Ended  

For the Six

Months Ended

 
   June 30, 2020   June 30, 2020 
         
Revenue:          
Printed products  $603,000   $1,383,000 
Total revenue   603,000    1,383,000 
           
Costs and expenses:          
Cost of revenue, exclusive of depreciation and amortization   484,000    1,113,000 
Selling, general and administrative (including stock based compensation)   286,000    733,000 
Depreciation and amortization   58,000    115,000 
Impairment of goodwill   -    685,000 
Total costs and expenses   828,000    2,646,000 
Operating loss   (225,000)   (1,263,000)
           
Other income (expense):          
Interest expense   (7,000)   (15,000)
Income (loss) before income taxes   (232,000)   (1,278,000)
           
Income tax expense (benefit)   -    - 
Income (loss) from discontinued operations  $(232,000)  $(1,278,000)
Schedule of Assets and Liabilities Held for Sale

 

DSS Digital, Inc.

Consolidated Balance Sheets - Assets and Liabilities Held for Sale

 

   June 30, 2021   December 31, 2020 
   unaudited   unaudited 
         
ASSETS          
Current assets:          
Cash  $          -   $43,000 
Accounts receivable, net   -    321,000 
Prepaid expenses and other current assets   -    167,000 
Total current assets   -    531,000 
           
Property, plant and equipment, net   -    46,000 
Total assets   -    577,000 
LIABILITIES AND STOCKHOLDERS’ EQUITY          
           
Current liabilities:          
Accounts payable  $-   $25,000 
Accrued expenses and deferred revenue   -    10,000 
Total current liabilities   -    35,000 

 

DSS Digital, Inc.

Consolidated Statements of Operations - Discontinued Operations

(unaudited)

 

   2021   2020   2021   2020 
   For the Three Months Ended   For the Six Months Ended 
   June 30,   June 30, 
   2021   2020   2021   2020 
Revenue:                
Technology sales, services and licensing  $60,000   $351,000   $535,000   $832,000 
Total revenue   60,000    351,000    535,000    832,000 
                     
Costs and expenses:                    
Cost of revenue, exclusive of depreciation and amortization   22,000    67,000    87,000    135,000 
Selling, general and administrative (including stock based compensation)   94,000    256,000    338,000    609,000 
Depreciation and amortization   1,000    4,000    5,000    8,000 
Total costs and expenses   117,000    327,000    430,000    752,000 
Operating (loss) income   (57,000)   24,000    105,000    80,000 
                     
Income (loss) before income taxes   (57,000)   24,000    105,000    80,000 
                     
Income tax expense (benefit)   -    -    -    - 
Income (loss) from discontinued operations 

$

(57,000) 

$

24,000  

$

105,000  

$

80,000