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Selling Arrangement

12 Months Ended

Dec. 31, 2019

In 2011, the Company paid News America $4,000,000 in exchange for a 10-year arrangement to sell signs with price into News America’s network of retailers as News America’s exclusive agent. The $4,000,000 is being amortized over the 10-year term of the arrangement. Amortization expense was $400,000 in the year ended December 31, 2018. Amortization expense was $600,000 in the year ended December 31, 2019. The acceleration of amortization in 2019 was based on the anticipated recovery period over the remaining term of the contract due to the loss of a significant retailer. Amortization expense is expected to be $262,000 in 2020 and $55,000 in the year ending December 31, 2021. The net carrying amount of the selling arrangement is recorded within other assets on the Company’s balance sheet. A summary of the carrying amount of this selling arrangement is as follows as of December 31:

	2019			2018
Gross cost	$	4,000,000		$	4,000,000
Accumulated amortization		(3,683,000	)		(3,083,000	)
Net carrying amount	$	317,000		$	917,000