XML 60 R25.htm IDEA: XBRL DOCUMENT
v3.23.1

SEGMENT INFORMATION | 12 Months Ended
--- | ---
Dec. 31, 2022
Segment Reporting [Abstract] |
SEGMENT INFORMATION | 19. SEGMENT INFORMATION The Company’s nine businesses lines are organized, managed, and internally reported as five operating segments. One of these operating segments, Product Packaging, is the Company’s packaging and printing group. Product 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, Biotechnology, 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. Biotechnology is also targeting unmet, urgent medical needs. A third operating segment, Securities and Investment Management (“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, 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, Commercial 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 Biotechnology, Securities, and Commercial Lending 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 year ended December 31, 2022 and 2021, as necessary, below for reconciliation purposes. Approximate information concerning the Company’s operations by reportable segment for the twelve months ended December 31, 2022 and 2021 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
Year Ended December 31, 2022 |  | Product Packaging |  |  | Commercial Lending |  |  | Direct Marketing |  |  | Biotechnology |  |  | Securities |  |  | Corporate |  |  | Total |
Revenue |  | $ | 17,973,000 |  |  | $ | 764,000 |  |  | $ | 21,989,000 |  |  | $ | - |  |  | $ | 6,581,000 |  |  | $ | - |  |  | $ | 47,307,000 |
Depreciation and amortization |  |  | 715,000 |  |  |  | - |  |  |  | 413,000 |  |  |  | 1,113,000 |  |  |  | 9,093,000 |  |  |  | 129,000 |  |  |  | 11,463,000 |
Cost of revenue |  |  | 16,960,000 |  |  |  | 1,041,000 |  |  |  | 9,828,000 |  |  |  | - |  |  |  | 8,995,000 |  |  |  | 639,000 |  |  |  | 37,463,000 |
Interest expense |  |  | 140,000 |  |  |  | - |  |  |  | 1,000 |  |  |  | - |  |  |  | 2,769,000 |  |  |  | - |  |  |  | 2,910,000 |
Interest Income |  |  | 2,000 |  |  |  | 12,000 |  |  |  | 18,000 |  |  |  | 378,000 |  |  |  | 204,000 |  |  |  | 15,000 |  |  |  | 629,000 |
Stock based compensation |  |  | 1,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,000 |  |  |  | 4,000 |
Net income (loss) from continuing operations |  |  | (1,234,000 | ) |  |  | (459,000 | ) |  |  | (40,182,000 | ) |  |  | (7,462,000 | ) |  |  | (8,240,000 | ) |  |  | (12,037,000 | ) |  |  | (69,664,000 | )
Capital expenditures |  |  | 1,612,000 |  |  |  | - |  |  |  | 384,000 |  |  |  | 276,000 |  |  |  | 18,000 |  |  |  | 4,000 |  |  |  | 2,294,000 |
Identifiable assets |  |  | 24,641,000 |  |  |  | 48,240,000 |  |  |  | 27,526,000 |  |  |  | 53,069,000 |  |  |  | 83,873,000 |  |  |  | 11,566,000 |  |  |  | 248,915,000 |
Year Ended December 31,2021 |  | Product Packaging |  |  | Commercial Lending |  |  | Direct |  |  | Biotechnology |  |  | Securities |  |  | Corporate |  |  | Total |
Revenue |  | $ | 15,315,000 |  |  | $ | 250,000 |  |  | $ | 3,379,000 |  |  | $ | 83,000 |  |  | $ | 1,196,000 |  |  | $ | 52,000 |  |  | $ | 20,275,000 |
Depreciation and amortization |  |  | 612,000 |  |  |  | - |  |  |  | 461,000 |  |  |  | 1,113,000 |  |  |  | 1,833,000 |  |  |  | 303,000 |  |  |  | 4,236,000 |
Cost of revenue |  |  | 13,087,000 |  |  |  | - |  |  |  | 1,401,000 |  |  |  | - |  |  |  | 2,227,000 |  |  |  | 109,000 |  |  |  | 16,824,000 |
Interest expense |  |  | 62,000 |  |  |  | - |  |  |  | 2,000 |  |  |  | 1,000 |  |  |  | 114,000 |  |  |  | 17,000 |  |  |  | 196,000 |
Stock based compensation |  |  | 3,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 43,000 |  |  |  | 46,000 |
Net income (loss) from continuing operations |  |  | 710,000 |  |  |  | (303,000 | ) |  |  | (17,709,000 | ) |  |  | (2,536,000 | ) |  |  | (4,582,000 | ) |  |  | (11,749,000 | ) |  |  | (36,084,000 | )
Capital expenditures |  |  | 4,296,000 |  |  |  | - |  |  |  | 9,798,000 |  |  |  | - |  |  |  | 56,794,000 |  |  |  | 189,000 |  |  |  | 71,077,000 |
Identifiable assets |  |  | 23,575,000 |  |  |  | 32,964,000 |  |  |  | 50,659,000 |  |  |  | 56,425,000 |  |  |  | 64,701,000 |  |  |  | 54,383,000 |  |  |  | 282,707,000 |
International revenue, which consists of sales to customers with operations in Canada, Western Europe, Latin America, Africa, the Middle East and Asia comprised 11.0% of total revenue for 2022 (11.0% - 2021). 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: SCHEDULE OF DISAGGREGATION OF REVENUE
Twelve months ended December 31, 2022 |  |  |
Packaging Printing and Fabrication |  | $ | 17,499,000 |
Commercial and Security Printing |  |  | 474,000 |
Total Printed Products |  | $ | 17,973,000 |
Twelve months ended December 31, 2021 |  |  |
Packaging Printing and Fabrication |  | $ | 15,187,000 |
Commercial and Security Printing |  |  | 352,000 |
Total Printed Products |  | $ | 15,539,000 |
Direct Marketing
Twelve months ended December 31, 2022 |  |  |
Direct Marketing Internet Sales |  | $ | 21,989,000 |
Total Direct Marketing |  | $ | 21,989,000 |
Twelve months ended December 31, 2021 |  |  |
Direct Marketing Internet Sales |  | $ | 3,259,000 |
Total Direct Marketing |  | $ | 3,259,000 |
Rental Income
Twelve months ended December 31, 2022 |  |  |
Rental income |  | $ | 6,287,000 |
Total Rental Income |  | $ | 6,287,000 |
Twelve months ended December 31, 2021 |  |  |  |
Rental income |  | $ | 1,203,000 |
Total Rental Income |  | $ | 1,203,000 |
Commission Income
Twelve months ended December 31, 2022 |  |  |
Commission income |  | $ | 294,000 |
Total commission income |  | $ | 294,000 |
Twelve months ended December 31, 2021 |  |  |
Commission income |  | $ | - |
Total commission income |  | $ | - |
Management Fee Income
Twelve months ended December 31, 2022 |  |  |
Management fee income |  | $ | 134,000 |
Total Management fee income |  | $ | 134,000 |
Twelve months ended December 31, 2021 |  |  |
Management fee income |  | $ | 24,000 |
Total Management fee income |  | $ | 24,000 |
Net Investment Income
Twelve months ended December 31, 2022 |  |  |
Net investment income |  | $ | 630,000 |
Total Net Investment Income |  | $ | 630,000 |
Twelve months ended December 31, 2021 |  |  |
Net investment income |  | $ | 250,000 |
Total Net Investment Income |  | $ | 250,000 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration