Lendway (LDWY) 10-Q/A 14 Aug 17 2017 Q2 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 03, 2017
Document and Entity Information
Entity Registrant Name	INSIGNIA SYSTEMS INC/MN
Entity Central Index Key	875,355
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		11,834,615
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 3,200,000	$ 12,267,000
Accounts receivable, net	9,839,000	9,879,000
Inventories	345,000	325,000
Income tax receivable	424,000	775,000
Prepaid expenses and other	607,000	689,000
Total Current Assets	14,415,000	23,935,000
Other Assets:
Property and equipment, net	2,706,000	2,430,000
Other, net	1,631,000	1,863,000
Total Assets	18,752,000	28,228,000
Accounts payable
Cash dividends declared ($0.70 per share)	0	8,233,000
Other	2,375,000	2,530,000
Accrued liabilities:
Compensation	766,000	762,000
Other	450,000	498,000
Deferred revenue	696,000	62,000
Total Current Liabilities	4,287,000	12,085,000
Long-Term Liabilities:
Deferred tax liabilities	0	205,000
Accrued income taxes	568,000	554,000
Deferred rent	247,000	275,000
Total Long-Term Liabilities	815,000	1,034,000
Commitments and Contingencies
Shareholders' Equity:
Common stock, par value $.01: Authorized shares - 40,000,000, Issued shares - 11,943,000 at June 30, 2017 and 11,866,000 at December 31, 2016, Outstanding shares - 11,746,000 at June 30, 2017 and 11,661,000 at December 31, 2016	117,000	117,000
Additional paid-in capital	15,258,000	14,992,000
Accumulated deficit	(1,725,000)	0
Total Shareholders' Equity	13,650,000	15,109,000
Total Liabilities and Shareholders' Equity	$ 18,752,000	$ 28,228,000

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Declared dividends per share	$ 0	$ .70
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	11,943,000	11,866,000
Common stock, shares outstanding	11,746,000	11,661,000

STATEMENTS OF OPERATIONS AND CO

STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Services revenues	$ 5,512,000	$ 6,163,000	$ 9,816,000	$ 11,780,000
Products revenues	337,000	454,000	800,000	915,000
Total Net Sales	5,849,000	6,617,000	10,616,000	12,695,000
Cost of services	4,105,000	4,199,000	7,924,000	7,982,000
Cost of goods sold	246,000	302,000	565,000	630,000
Total Cost of Sales	4,351,000	4,501,000	8,489,000	8,612,000
Gross Profit	1,498,000	2,116,000	2,127,000	4,083,000
Operating Expenses:
Selling	831,000	1,036,000	1,719,000	2,144,000
Marketing	427,000	257,000	853,000	527,000
General and administrative	814,000	1,110,000	1,867,000	2,270,000
Total Operating Expenses	2,072,000	2,403,000	4,439,000	4,941,000
Operating Loss	(574,000)	(287,000)	(2,312,000)	(858,000)
Other income	2,000	15,000	5,000	32,000
Loss Before Taxes	(572,000)	(272,000)	(2,307,000)	(826,000)
Income tax benefit	(38,000)	(185,000)	(582,000)	(417,000)
Net Loss	(534,000)	(87,000)	(1,725,000)	(409,000)
Other comprehensive loss, net of tax:
Unrealized gain on available for sale securities	0	2,000	0	11,000
Comprehensive Loss	$ (534,000)	$ (85,000)	$ (1,725,000)	$ (398,000)
Net loss per share:
Basic	$ (0.05)	$ (0.01)	$ (0.15)	$ (0.04)
Diluted	$ (0.05)	$ (0.01)	$ (0.15)	$ (0.04)
Shares used in calculation of net loss per share:
Basic	11,674,000	11,612,000	11,667,000	11,618,000
Diluted	11,674,000	11,612,000	11,667,000	11,618,000

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating Activities:
Net loss	$ (1,725,000)	$ (409,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	665,000	785,000
Changes in allowance for doubtful accounts	26,000	19,000
Deferred income tax expense	(205,000)	0
Stock-based compensation expense	274,000	108,000
Changes in operating assets and liabilities:
Accounts receivable	14,000	1,589,000
Inventories	(20,000)	(179,000)
Income tax receivable	351,000	(464,000)
Prepaid expenses and other	82,000	(36,000)
Accounts payable	(276,000)	(973,000)
Accrued liabilities	(72,000)	(947,000)
Income tax payable	14,000	(184,000)
Deferred revenue	634,000	232,000
Net cash used in operating activities	(238,000)	(459,000)
Investing Activities:
Purchases of property and equipment	(644,000)	(393,000)
Proceeds from sale or maturity of investments	0	3,288,000
Net cash provided by (used in) investing activities	(644,000)	2,895,000
Financing Activities:
Cash dividends paid ($0.70 per share)	(8,177,000)	0
Proceeds from issuance of common stock, net	(8,000)	60,000
Repurchase of common stock, net	0	(247,000)
Net cash used in financing activities	(8,185,000)	(187,000)
Increase (decrease) in cash and cash equivalents	(9,067,000)	2,249,000
Cash and cash equivalents at beginning of period	12,267,000	8,523,000
Cash and cash equivalents at end of period	3,200,000	10,772,000
Supplemental disclosures for cash flow information:
Cash paid during the period for income taxes	2,000	238,000
Non-cash investing and financing activities:
Purchases of property and equipment included in accounts payable	$ 65,000	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Description of Business. Basis of Presentation . The financial statements do not include certain footnote disclosures and financial information normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America and, therefore, should be read in conjunction with the financial statements and notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2016. The Summary of Significant Accounting Policies in the Company’s 2016 Annual Report on Form 10-K describes the Company’s accounting policies. Inventories . June 30, December 31, 2017 2016 Raw materials $ 79,000 $ 123,000 Work-in-process 24,000 27,000 Finished goods 242,000 175,000 $ 345,000 $ 325,000 Property and Equipment . June 30, December 31, 2017 2016 Property and Equipment: Production tooling, machinery and equipment $ 4,000,000 $ 4,000,000 Office furniture and fixtures 322,000 322,000 Computer equipment and software 1,316,000 1,301,000 Leasehold improvements 577,000 577,000 Construction in-progress 1,177,000 523,000 7,392,000 6,723,000 Accumulated depreciation and amortization ( 4,686,000 ) ( 4,293,000 ) Net Property and Equipment $ 2,706,000 $ 2,430,000 Depreciation expense was approximately $214,000 and $433,000 in the three and six months ended June 30, 2017, respectively, and $196,000 and $390,000 in the three and six months ended June 30, 2016, respectively. Stock-Based Compensation In November 2016, our Board of Directors amended the 2003 Incentive Stock Option Plan (the “2003 Plan”) and the 2013 Omnibus Stock and Incentive Plan (the “2013 Plan”) to permit equitable adjustments to outstanding awards in the event of a special dividend. In March 2017, the Board of Directors approved the modification of all outstanding stock option awards to provide option holders with substantially equivalent economic value after the effect of the dividend. The modification resulted in the issuance of options to purchase up to 150,476 additional shares. Total stock-based compensation expense for the modifications was approximately $79,000, of which $78,000 was recorded during the six months ended June 30, 2017. During the six months ended June 30, 2017, no other stock option awards were granted by the Company beyond the modification discussed above. During the six months ended June 30, 2016, the Company issued options to purchase an aggregate of 20,000 shares of common stock under its 2013 Omnibus Stock and Incentive Plan, as amended, with a weighted average exercise price of $2.90. The Company estimated the fair value of these awards using the following weighted average assumptions: expected life of 2.5 years, expected volatility of 41%, dividend yield of 0% and risk-free interest rate of 1.00%. During the six months ended June 30, 2017, the Company issued 8,424 restricted stock units under the 2013 Plan. The shares underlying the awards were assigned a value of $1.51 per share, which was the closing price of our common stock on the date of grant, and are scheduled to vest over a weighted average of 1.5 years following the date of grant. During the six months ended June 30, 2016, the Company issued 100,000 shares of restricted stock under the 2013 Plan. The shares underlying the awards were assigned a value of $2.33 per share, based on the stock price on the date of the grant, and are scheduled to vest over five years. The Company estimated the fair value of stock-based awards granted during the six months ended June 30, 2017, under the Company’s employee stock purchase plan using the following weighted average assumptions: expected life of 1.0 years, expected volatility of 51%, dividend yield of 0% and risk-free interest rate of 0.89%. During June 2017, non-employee members of the Board of Directors received grants totaling 72,115 fully vested shares of common stock pursuant to the 2013 Plan. The shares were assigned a value of $1.04 per share, based on the closing price on the grant date, for a total value of $75,000, which is included in stock-based compensation expense for the six months ended June 30, 2017. During May and June 2016, members of the Board of Directors received grants totaling 54,036 fully vested shares of common stock pursuant to the 2013 Plan. The shares were assigned a weighted average value of $2.19 per share, based on the stock prices on the applicable grant dates, for a total value of $119,000, of which $109,000 is included in stock-based compensation expense for the six months ended June 30, 2016 and $10,000 was accrued for and expensed in 2015. Total stock-based compensation expense recorded for the three and six months ended June 30, 2017 was $127,000 and $274,000, respectively, and for the three and six months ended June 30, 2016 was $82,000 and $108,000, respectively. During the three and six months ended June 30, 2017, there were no options exercised. During each of the three and six months ended June 30, 2016, there were approximately 61,000 shares issued pursuant to stock option exercises, for which the Company received proceeds of $16,000. A portion of the stock option exercises in the three and six months ended June 30, 2016 were completed on a cashless basis. Net Loss per Share . Due to the net loss incurred during the three and six months ended June 30, 2017 and 2016, all stock awards were anti-dilutive for both periods. Weighted average common shares outstanding for the three and six months ended June 30, 2017 and 2016 were as follows: Three Months Ended Six Months Ended June 30 June 30 2017 2016 2017 2016 Denominator for basic net loss per share - weighted average shares 11,674,000 11,612,000 11,667,000 11,618,000 Effect of dilutive securities: Stock options and restricted stock units — — — — Denominator for diluted net loss per share - weighted average shares 11,674,000 11,612,000 11,667,000 11,618,000 Dividends .

Selling Arrangement

Selling Arrangement	6 Months Ended
	Jun. 30, 2017
Selling Arrangement
Selling Arrangement	In 2011, the Company paid News America Marketing In-Store, LLC (“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 on a straight-line basis over the 10-year term of the arrangement. Amortization expense, which was $100,000 and $200,000 in both of the three and six months ended June 30, 2017 and 2016, respectfully, and is expected to be $400,000 per year over the next three years and $117,000 in the year ending December 31, 2021, is recorded within cost of services in the Company’s statements of operations and comprehensive loss. The net carrying amount of the selling arrangement is recorded within other assets on the Company’s condensed balance sheet.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	For the three and six months ended June 30, 2017, the Company recorded an income tax benefit of $38,000 and $582,000, or 6.6% and 25.2% of loss before taxes, respectively. For the three and six months ended June 30, 2016, the Company recorded income tax benefit of $185,000 and $417,000, or 68.0% and 50.5% of loss before taxes, respectively. The income tax benefit for the three and six months ended June 30, 2017 and 2016 is comprised of federal and state taxes. The primary differences between the Company’s June 30, 2017 and 2016 effective tax rates and the statutory federal rate are expenses related to stock-based compensation, nondeductible meals and entertainment and for the three and six months ended June 30, 2017, a valuation allowance was recognized of $192,000 as it was determined that it is more likely than not that the Company will not realize the full amount of its net deferred tax assets. The Company reassesses its effective rate each reporting period and adjusts the annual effective rate if deemed necessary, based on projected annual taxable income (loss). Deferred income taxes are determined based on the estimated future tax effects of differences between the financial statement and tax basis of assets and liabilities given the provisions of enacted tax laws. In providing for deferred taxes, we consider tax regulations of the jurisdictions in which we operate, estimates of future taxable income, and available tax planning strategies. If tax regulations, operating results or the ability to implement tax-planning strategies vary, adjustment to the carrying value of deferred tax assets and liabilities may be required. Valuation allowances are recorded related to deferred tax assets based on the “more likely than not” criteria. As a result of significant losses in 2016 and through June 2017, as well as the current market conditions and their impact on the Company’s future outlook, management has reviewed its deferred tax assets and concluded that the uncertainties related to the realization of its assets have become unfavorable. As of June 30, 2017, the Company had net deferred tax assets of approximately $192,000 which is comprised of temporary differences, including Federal and state net operating losses to be carried forward. Management has considered the positive and negative evidence for the potential utilization of the net deferred tax assets and has concluded that it is more likely than not that the Company will not realize the full amount of net deferred tax assets. Accordingly, the Company has recorded a valuation allowance of $192,000 against these deferred tax assets as of June 30, 2017. As of June 30, 2017 and December 31, 2016, the Company had unrecognized tax benefits totaling $568,000 and $554,000, respectively, including interest, which relates to state nexus issues. The amount of the unrecognized tax benefits, if recognized, that would affect the effective income tax rates of future periods is $568,000. Due to the current statute of limitations regarding the unrecognized tax benefits, the unrecognized tax benefits and associated interest is not expected to change significantly in 2017.

Concentrations

Concentrations	6 Months Ended
	Jun. 30, 2017
Risks and Uncertainties [Abstract]
Concentrations	During the six months ended June 30, 2017, two customers accounted for 25% and 9%, respectively, of the Company’s total net sales. During the six months ended June 30, 2016, two customers accounted for 36% and 10% respectively, of the Company’s total net sales. At June 30, 2017 and December 31, 2016, two customers accounted for 44% and 45% of the Company’s total accounts receivable, respectively. Although there are a number of customers that the Company sells to, the loss of a major customer could adversely affect operating results. Additionally, the loss of a major retailer from the Company’s retail network could adversely affect operating results.

Share Repurchase

Share Repurchase	6 Months Ended
	Jun. 30, 2017
Stockholders' Equity Note [Abstract]
Share Repurchase

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	6 Months Ended
	Jun. 30, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Pronouncements	In May 2014, the Financial Accounting Standards Board (FASB) issued guidance creating Accounting Standards Codification (ASC) Section 606, “Revenue from Contracts with Customers”, which establishes a comprehensive new model for the recognition of revenue from contracts with customers. This model is based on the core principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company has performed a review of the requirements of the new guidance and has identified which of its revenue streams will be within the scope of ASC 606. The Company is working through an adoption plan which includes a review of customer contracts, applying the five-step model of the new standard to the customer contracts and comparing the results to our current accounting. As part of this, we are assessing changes that might be necessary to information technology systems, processes, and internal controls to capture new data and address changes in financial reporting. As part of this, we are expecting to utilize the modified retrospective transition method of adoption. Effective January 1, 2018, the Company will be revising its revenue recognition accounting policy and expanding revenue disclosures to reflect the requirements of ASC 606, which include disclosures related to the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Additionally, qualitative and quantitative disclosures are required about customer contracts, significant judgements and assets recognized from the costs to obtain or fulfill a contract. Because of the nature of the work that remains, at this time the Company is unable to reasonably estimate the impact of adoption on its financial statements. In February 2016, the FASB issued ASU 2016-2, Leases In March 2016, the FASB issued ASU 2016-9, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting

Summary of Significant Accoun12

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Description of Business	Description of Business.
Basis of Presentation	Basis of Presentation . The financial statements do not include certain footnote disclosures and financial information normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America and, therefore, should be read in conjunction with the financial statements and notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2016. The Summary of Significant Accounting Policies in the Company’s 2016 Annual Report on Form 10-K describes the Company’s accounting policies.
Inventories	Inventories . June 30, December 31, 2017 2016 Raw materials $ 79,000 $ 123,000 Work-in-process 24,000 27,000 Finished goods 242,000 175,000 $ 345,000 $ 325,000
Property and Equipment	Property and Equipment . June 30, December 31, 2017 2016 Property and Equipment: Production tooling, machinery and equipment $ 4,000,000 $ 4,000,000 Office furniture and fixtures 322,000 322,000 Computer equipment and software 1,316,000 1,301,000 Leasehold improvements 577,000 577,000 Construction in-progress 1,177,000 523,000 7,392,000 6,723,000 Accumulated depreciation and amortization ( 4,686,000 ) ( 4,293,000 ) Net Property and Equipment $ 2,706,000 $ 2,430,000 Depreciation expense was approximately $214,000 and $433,000 in the three and six months ended June 30, 2017, respectively, and $196,000 and $390,000 in the three and six months ended June 30, 2016, respectively.
Stock-Based Compensation	Stock-Based Compensation In November 2016, our Board of Directors amended the 2003 Incentive Stock Option Plan (the “2003 Plan”) and the 2013 Omnibus Stock and Incentive Plan (the “2013 Plan”) to permit equitable adjustments to outstanding awards in the event of a special dividend. In March 2017, the Board of Directors approved the modification of all outstanding stock option awards to provide option holders with substantially equivalent economic value after the effect of the dividend. The modification resulted in the issuance of options to purchase up to 150,476 additional shares. Total stock-based compensation expense for the modifications was approximately $79,000, of which $78,000 was recorded during the six months ended June 30, 2017. During the six months ended June 30, 2017, no other stock option awards were granted by the Company beyond the modification discussed above. During the six months ended June 30, 2016, the Company issued options to purchase an aggregate of 20,000 shares of common stock under its 2013 Omnibus Stock and Incentive Plan, as amended, with a weighted average exercise price of $2.90. The Company estimated the fair value of these awards using the following weighted average assumptions: expected life of 2.5 years, expected volatility of 41%, dividend yield of 0% and risk-free interest rate of 1.00%. During the six months ended June 30, 2017, the Company issued 8,424 restricted stock units under the 2013 Plan. The shares underlying the awards were assigned a value of $1.51 per share, which was the closing price of our common stock on the date of grant, and are scheduled to vest over a weighted average of 1.5 years following the date of grant. During the six months ended June 30, 2016, the Company issued 100,000 shares of restricted stock under the 2013 Plan. The shares underlying the awards were assigned a value of $2.33 per share, based on the stock price on the date of the grant, and are scheduled to vest over five years. The Company estimated the fair value of stock-based awards granted during the six months ended June 30, 2017, under the Company’s employee stock purchase plan using the following weighted average assumptions: expected life of 1.0 years, expected volatility of 51%, dividend yield of 0% and risk-free interest rate of 0.89%. During June 2017, non-employee members of the Board of Directors received grants totaling 72,115 fully vested shares of common stock pursuant to the 2013 Plan. The shares were assigned a value of $1.04 per share, based on the closing price on the grant date, for a total value of $75,000, which is included in stock-based compensation expense for the six months ended June 30, 2017. During May and June 2016, members of the Board of Directors received grants totaling 54,036 fully vested shares of common stock pursuant to the 2013 Plan. The shares were assigned a weighted average value of $2.19 per share, based on the stock prices on the applicable grant dates, for a total value of $119,000, of which $109,000 is included in stock-based compensation expense for the six months ended June 30, 2016 and $10,000 was accrued for and expensed in 2015. Total stock-based compensation expense recorded for the three and six months ended June 30, 2017 was $127,000 and $274,000, respectively, and for the three and six months ended June 30, 2016 was $82,000 and $108,000, respectively. During the three and six months ended June 30, 2017, there were no options exercised. During each of the three and six months ended June 30, 2016, there were approximately 61,000 shares issued pursuant to stock option exercises, for which the Company received proceeds of $16,000. A portion of the stock option exercises in the three and six months ended June 30, 2016 were completed on a cashless basis.
Net Loss per Share	Net Loss per Share . Due to the net loss incurred during the three and six months ended June 30, 2017 and 2016, all stock awards were anti-dilutive for both periods. Weighted average common shares outstanding for the three and six months ended June 30, 2017 and 2016 were as follows: Three Months Ended Six Months Ended June 30 June 30 2017 2016 2017 2016 Denominator for basic net loss per share - weighted average shares 11,674,000 11,612,000 11,667,000 11,618,000 Effect of dilutive securities: Stock options and restricted stock units — — — — Denominator for diluted net loss per share - weighted average shares 11,674,000 11,612,000 11,667,000 11,618,000
Dividends	Dividends.

Summary of Significant Accoun13

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Schedule Of Inventories	June 30, December 31, 2017 2016 Raw materials $ 79,000 $ 123,000 Work-in-process 24,000 27,000 Finished goods 242,000 175,000 $ 345,000 $ 325,000
Schedule of Property and Equipment	June 30, December 31, 2017 2016 Property and Equipment: Production tooling, machinery and equipment $ 4,000,000 $ 4,000,000 Office furniture and fixtures 322,000 322,000 Computer equipment and software 1,316,000 1,301,000 Leasehold improvements 577,000 577,000 Construction in-progress 1,177,000 523,000 7,392,000 6,723,000 Accumulated depreciation and amortization ( 4,686,000 ) ( 4,293,000 ) Net Property and Equipment $ 2,706,000 $ 2,430,000
Schedule Of Weighted Average Common Shares Outstanding	Three Months Ended Six Months Ended June 30 June 30 2017 2016 2017 2016 Denominator for basic net loss per share - weighted average shares 11,674,000 11,612,000 11,667,000 11,618,000 Effect of dilutive securities: Stock options and restricted stock units — — — — Denominator for diluted net loss per share - weighted average shares 11,674,000 11,612,000 11,667,000 11,618,000

Summary of Significant Accoun14

Summary of Significant Accounting Policies (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Inventories
Raw materials	$ 79,000	$ 123,000
Work-in-process	24,000	27,000
Finished goods	242,000	175,000
Inventories	$ 345,000	$ 325,000

Summary of Significant Accoun15

Summary of Significant Accounting Policies (Details 1) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Gross Property and Equipment	$ 7,392,000	$ 6,723,000
Accumulated depreciation and amortization	(4,686,000)	(4,293,000)
Net Property and Equipment	2,706,000	2,430,000
Production tooling, machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Gross Property and Equipment	4,000,000	4,000,000
Office furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Gross Property and Equipment	322,000	322,000
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Gross Property and Equipment	1,316,000	1,301,000
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Gross Property and Equipment	577,000	577,000
Construction in-progress [Member]
Property, Plant and Equipment [Line Items]
Gross Property and Equipment	$ 1,177,000	$ 523,000

Summary of Significant Accoun16

Summary of Significant Accounting Policies (Details 2) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Summary Of Significant Accounting Policies Details 2
Denominator for basic net loss per share - weighted average shares	11,674,000	11,612,000	11,667,000	11,618,000
Effect of dilutive securities: Stock options, restricted stock and restricted stock units	$ 0	$ 0	$ 0	$ 0
Denominator for diluted net loss per share - weighted average shares	11,674,000	11,612,000	11,667,000	11,618,000

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	May 15, 2017	Jan. 06, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 16, 2016	Nov. 28, 2016
Depreciation expense			$ 214,000	$ 196,000	$ 433,000	$ 390,000
Stock-based compensation expense for the modifications			79,000
Weighted average assumptions
Stock-based compensation expense			$ 127,000	$ 82,000	$ 274,000	$ 108,000
Special dividend per share			$ 0		$ 0		$ .70		$ 0.70
Declared dividends			$ 0		$ 0		$ 8,233,000	$ 8,233,000
Dividends paid	$ 14,000	$ 8,163,000
Employee Stock Purchase Plan [Member]
Weighted average assumptions
Expected life					1 year
Expected volatility					51.00%
Dividend yield					0.00%
Risk-free interest rate					0.89%
Omnibus Stock And Incentive Plan 2013 [Member]
Stock-based compensation expense for the modifications					$ 78,000
Weighted average exercise price (in dollars per share)					$ 2.90
Weighted average assumptions
Expected life					2 years 6 months
Expected volatility					41.00%
Dividend yield					0.00%
Risk-free interest rate					1.00%
Omnibus Stock And Incentive Plan 2013 [Member] | Restricted Stock [Member]
Restricted stock units (in shares)					8,424	100,000
Weighted average exercise price (in dollars per share)					$ 1.51	$ 2.33
Vesting period						5 years

Selling Arrangement (Details Na

Selling Arrangement (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2011
Finite-Lived Intangible Assets [Line Items]
Payments for arrangements to sell signs					$ 4,000,000
Term of arrangement					10 years
Customer Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 100,000	$ 100,000	$ 200,000	$ 200,000
2,018	400,000		400,000
2,019	400,000		400,000
2,020	400,000		400,000
2,021	$ 117,000		$ 117,000

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income tax benefit	$ (38,000)	$ (185,000)	$ (582,000)	$ (417,000)
Income tax rate, percentage	6.60%	68.00%	25.20%	50.50%
Unrecognized tax benefits	$ 568,000		$ 568,000		$ 554,000

Concentrations (Details Narrati

Concentrations (Details Narrative)	6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Sales Revenue Net [Member] | Customer One [Member]
Concentration Risk [Line Items]
Customer's concentration risk percentage	25.00%	36.00%
Sales Revenue Net [Member] | Customer Two [Member]
Concentration Risk [Line Items]
Customer's concentration risk percentage	9.00%	10.00%
Accounts Receivable [Member] | Customer One [Member]
Concentration Risk [Line Items]
Customer's concentration risk percentage	44.00%		45.00%

Share Repurchase (Details Narra

Share Repurchase (Details Narrative) - Stock Repurchase Plan [Member] - USD ($)	Jun. 30, 2017	Oct. 31, 2015
Stock Repurchase Plans
Repurchase of common stock, authorized		$ 5,000,000
Approximate Dollar Value of Shares That May Yet Be Purchased under the Plan	$ 4,676,000