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Segment Information | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Segment Information | 14. Segment Information The Company’s nine businesses lines are organized, managed and internally reported as five operating segments. One of these operating segments, Premier Packaging, is the Company’s packaging and 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, Securities and Fintech Group (“Securities”) was established to develop and/or acquire assets and investments in the securities trading and/or funds management arena. Further, Securities, in partnership with recognized global leaders in alternative trading systems, intends to own and operate in the US a single or multiple vertical digital asset exchanges for securities, tokenized assets, utility tokens, stable coins and cryptocurrency via a digital asset trading platform using blockchain technology. The scope of services within this section is planned to include asset issuance and allocation (securities and cryptocurrency), FPO, IPO, ITO, PPO, STO and UTO listings on a primary market(s), asset digitization/tokenization (securities, currency and cryptocurrency), and the listing and trading of digital assets (securities and cryptocurrency) on a secondary market(s). Also in this segment is the Company’s real estate investment trust (“REIT”), organized for the purposes of acquiring hospitals and other acute or post-acute care centers from leading clinical operators with dominant market share in secondary and tertiary markets, and leasing each property to a single operator under a triple-net lease. the REIT was formed to originate, acquire, and lease a credit-centric portfolio of licensed medical real estate. 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. The fifth business line, Investment Banking, is organized for the purposes of being a financial network holding company, focused providing commercial loans and on acquiring equity positions in (i) undervalued commercial bank(s), bank holding companies and nonbanking licensed financial companies operating in the United States, South East Asia, Taiwan, Japan and South Korea, and (ii) companies engaged in—nonbanking activities closely related to banking, including loan syndication services, mortgage banking, trust and escrow services, banking technology, loan servicing, equipment leasing, problem asset management, SPAC (special purpose acquisition company) consulting, and advisory capital raising services. From this financial platform, the Company shall provide an integrated suite of financial services for businesses that shall include commercial business lines of credit, land development financing, inventory financing, third party loan servicing, and services that address the financial needs of the world Gig Economy. Our segment structure presented below represents a change from the prior year for the inclusion of our BioHealth Group, Securities, and Investment Banking segments and the removal of our Plastics segment, Digital Group and IP Technology Management segment as the Plastics segment was discontinued in 2020, DSS Digital was sold and discontinued in May 2021 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- and nine-months ended September 30, 2021 and 2020, as necessary, below for reconciliation purposes. Approximate information concerning the Company’s operations by reportable segment for the three and nine months ended September 30, 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: Schedule of Operations by Reportable Segment
Three Months Ended September 30, 2021 |  | Packaging and Printing |  | Investment Banking |  |  | Direct Marketing |  |  | Biohealth Group |  |  | Securities |  |  | Corporate |  |  | Total |
Revenue |  | $ | 3,416,000 |  | $ | - |  |  | $ | 966,000 |  |  | $ | - |  |  | $ | 184,000 |  |  | $ | - |  |  | $ | 4,566,000 |
Depreciation and amortization |  |  | 152,000 |  |  | - |  |  |  | 100,000 |  |  |  | 278,000 |  |  |  | 135,000 |  |  |  | 74,000 |  |  |  | 739,000 |
Interest expense |  |  | 11,000 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 37,000 |  |  |  | (17,000 | ) |  |  | 31,000 |
Stock based compensation |  |  | 1,000 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 12,000 |  |  |  | 13,000 |
Net income (loss) from continuing operations |  |  | 358,000 |  |  | 64,000 |  |  |  | (1,304,000 | ) |  |  | (647,000 | ) |  |  | (835,000 | ) |  |  | (4,311,000 | ) |  |  | (6,675,000 | )
Capital expenditures |  |  | 1,399,000 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 186,000 |  |  |  | 55,000 |  |  |  | 1,640,000 |
Identifiable assets |  |  | 24,752,000 |  |  | 60,388,000 |  |  |  | 43,695,000 |  |  |  | 55,848,000 |  |  |  | 11,376,000 |  |  |  | 23,017,000 |  |  |  | 219,076,000 |
Three Months Ended September 30,2020 |  | Packaging and Printing |  |  | Direct Marketing |  |  | Biohealth Group |  |  | Securities |  |  | Corporate |  |  | Total |
Revenue |  | $ | 2,971,000 |  |  | $ | 715,000 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 3,686,000 |
Depreciation and amortization |  |  | 165,000 |  |  |  | 1,000 |  |  |  | - |  |  |  | - |  |  |  | 78,000 |  |  |  | 244,000 |
Interest expense |  |  | 24,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5,000 |  |  |  | 29,000 |
Stock based compensation |  |  | 3,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 125,000 |  |  |  | 128,000 |
Net income (loss) from continuing operations |  |  | 136,000 |  |  |  | (1,139,000 | ) |  |  | - |  |  |  | - |  |  |  | 6,185,000 |  |  |  | 5,182,000 |
Capital expenditures |  |  | 1,000 |  |  |  | 1,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,000 |
Identifiable assets |  |  | 10,013,000 |  |  |  | 1,809,000 |  |  |  | - |  |  |  | - |  |  |  | 68,305,000 |  |  |  | 80,127,000 |
Nine Months Ended September 30, 2021 |  | Packaging and Printing |  | Investment Banking |  |  | Direct Marketing |  |  | Biohealth Group |  |  | Securities |  |  | Corporate |  |  | Total |
Revenue |  | $ | 10,652,000 |  | $ | - |  |  | $ | 2,382,000 |  |  | $ | - |  |  | $ | 184,000 |  |  | $ | - |  |  | $ | 13,218,000 |
Depreciation and amortization |  |  | 459,000 |  |  | - |  |  |  | 419,000 |  |  |  | 835,000 |  |  |  | 134,000 |  |  |  | 228,000 |  |  |  | 2,075,000 |
Interest expense |  |  | 49,000 |  |  | - |  |  |  | 2,000 |  |  |  | 1,000 |  |  |  | 87,000 |  |  |  | 18,000 |  |  |  | 157,000 |
Stock based compensation |  |  | 2,000 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 40,000 |  |  |  | 42,000 |
Net income (loss) from continuing operations |  |  | 641,000 |  |  | 64,000 |  |  |  | (9,088,000 | ) |  |  | (1,955,000 | ) |  |  | (1,066,000 | ) |  |  | (10,058,000 | ) |  |  | (21,462,000 | )
Capital expenditures |  |  | 2,621,000 |  |  | - |  |  |  | 6,000 |  |  |  | - |  |  |  | 6,750,000 |  |  |  | 4,000 |  |  |  | 9,381,000 |
Identifiable assets |  |  | 24,752,000 |  |  | 60,388,000 |  |  |  | 43,695,000 |  |  |  | 55,848,000 |  |  |  | 11,376,000 |  |  |  | 23,017,000 |  |  |  | 219,076,000 |
Nine Months Ended September 30,2020 |  | Packaging and Printing |  |  | Direct Marketing |  |  | Biohealth Group |  |  |  | Securities |  |  | Corporate |  |  | Total |
Revenue |  | $ | 8,409,000 |  |  | $ | 1,793,000 |  |  | $ | - |  | $ |  | $ | - |  |  |  | - |  |  | $ | 10,202,000 |
Depreciation and amortization |  |  | 584,000 |  |  |  | 1,000 |  |  |  | - |  |  |  |  | - |  |  |  | 227,000 |  |  |  | 812,000 |
Interest expense |  |  | 79,000 |  |  |  | - |  |  |  | - |  |  |  |  | - |  |  |  | 23,000 |  |  |  | 102,000 |
Stock based compensation |  |  | 11,000 |  |  |  | - |  |  |  | - |  |  |  |  | - |  |  |  | 170,000 |  |  |  | 181,000 |
Net income (loss) from continuing operations |  |  | 222,000 |  |  |  | (960,000 | ) |  |  | - |  |  |  |  | - |  |  |  | 4,249,000 |  |  |  | 3,511,000 |
Capital expenditures |  |  | 91,000 |  |  |  | 1,000 |  |  |  | - |  |  |  |  | - |  |  |  | 1,000 |  |  |  | 93,000 |
Identifiable assets |  |  | 10,013,000 |  |  |  | 1,809,000 |  |  |  | - |  |  |  |  | - |  |  |  | 68,305,000 |  |  |  | 80,127,000 |
The following tables disaggregate our business segment revenues by major source: Schedule of Disaggregation of Revenue Printed Products Revenue Information:
Three months ended September 30, 2021 |  |  |
Packaging Printing and Fabrication |  | $ | 3,373,000 |
Commercial and Security Printing |  |  | 43,000 |
Total Printed Products |  | $ | 3,416,000 |
Three months ended September 30, 2020 |  |  |
Packaging Printing and Fabrication |  | $ | 2,568,000 |
Commercial and Security Printing |  |  | 403,000 |
Total Printed Products |  | $ | 2,971,000 |
Nine months ended September 30, 2021 |  |  |
Packaging Printing and Fabrication |  | $ | 10,428,000 |
Commercial and Security Printing |  |  | 224,000 |
Total Printed Products |  | $ | 10,652,000 |
Nine months ended September 30, 2020 |  |  |
Packaging Printing and Fabrication |  | $ | 7,635,000 |
Commercial and Security Printing |  |  | 774,000 |
Total Printed Products |  | $ | 8,409,000 |
Direct Marketing
Three months ended September 30, 2021 |  |  |
Direct Marketing Internet Sales |  | $ | 966,000 |
Total Direct Marketing |  | $ | 966,000 |
Three months ended September 30, 2020 |  |  |
Direct Marketing Internet Sales |  | $ | 715,000 |
Total Direct Marketing |  | $ | 715,000 |
Nine months ended September 30, 2021 |  |  |
Direct Marketing Internet Sales |  | $ | 2,382,000 |
Total Direct Marketing |  | $ | 2,382,000 |
Nine months ended September 30, 2020 |  |  |
Direct Marketing Internet Sales |  | $ | 1,793,000 |
Total Direct Marketing |  | $ | 1,793,000 |
Securities
Three months ended September 30, 2021 |  |  |
Rental Income |  | $ | 184,000 |
Total Rental Income |  | $ | 184,000 |
Three months ended September 30, 2020 |  |  |  |
Rental Income |  | $ | - |
Total Rental Income |  | $ | - |
Nine months ended September 30, 2021 |  |  |
Rental Income |  | $ | 184,000 |
Total Rental Income |  | $ | 184,000 |
Nine months ended September 30, 2020 |  |  |  |
Rental Income |  | $ | - |
Total Rental Income |  | $ | - |

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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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