Lendway (LDWY) 10-Q 8 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 07, 2018
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	Mar. 31, 2018
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		11,962,996
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents	$ 7,259,000	$ 4,695,000
Accounts receivable, net	8,900,000	11,864,000
Inventories	485,000	301,000
Income tax receivable	295,000	360,000
Prepaid expenses and other	376,000	415,000
Total Current Assets	17,315,000	17,635,000
Other Assets:
Property and equipment, net	2,733,000	2,670,000
Other, net	1,281,000	1,383,000
Total Assets	21,329,000	21,688,000
Current Liabilities:
Other	2,928,000	3,232,000
Accrued liabilities:
Compensation	796,000	1,531,000
Other	776,000	667,000
Deferred revenue	671,000	372,000
Total Current Liabilities	5,171,000	5,802,000
Long-Term Liabilities:
Deferred tax liabilities	245,000	245,000
Accrued income taxes	589,000	581,000
Deferred rent	203,000	219,000
Total Long-Term Liabilities	1,037,000	1,045,000
Commitments and Contingencies
Shareholders' Equity:
Common stock, par value $.01: Authorized shares - 40,000,000, Issued and outstanding shares - 11,963,000 at March 31, 2018 and 11,914,000 at December 31, 2017	119,000	119,000
Additional paid-in capital	15,477,000	15,361,000
Accumulated deficit	(475,000)	(639,000)
Total Shareholders' Equity	15,121,000	14,841,000
Total Liabilities and Shareholders' Equity	$ 21,329,000	$ 21,688,000

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	11,963,000	11,914,000
Common stock, shares outstanding	11,963,000	11,914,000

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Services revenues	$ 7,026,000	$ 4,304,000
Products revenues	393,000	463,000
Total Net Sales	7,419,000	4,767,000
Cost of services	4,404,000	3,819,000
Cost of goods sold	269,000	319,000
Total Cost of Sales	4,673,000	4,138,000
Gross Profit	2,746,000	629,000
Operating Expenses:
Selling	903,000	888,000
Marketing	604,000	426,000
General and administrative	1,007,000	1,053,000
Total Operating Expenses	2,514,000	2,367,000
Operating Income (Loss)	232,000	(1,738,000)
Other income	5,000	3,000
Income (Loss) Before Income Taxes	237,000	(1,735,000)
Income tax expense (benefit)	73,000	(544,000)
Net Income (Loss)	$ 164,000	$ (1,191,000)
Net income (loss) per share:
Basic	$ 0.01	$ (0.10)
Diluted	$ 0.01	$ (0.10)
Shares used in calculation of net income (loss) per share:
Basic	11,819,000	11,661,000
Diluted	11,982,000	11,661,000

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating Activities:
Net income (loss)	$ 164,000	$ (1,191,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	287,000	335,000
Changes in allowance for doubtful accounts	4,000	48,000
Deferred income tax benefit	0	(153,000)
Stock-based compensation expense	67,000	147,000
Changes in operating assets and liabilities:
Accounts receivable	2,960,000	1,657,000
Inventories	(184,000)	(7,000)
Income tax receivable	65,000	(377,000)
Prepaid expenses and other	39,000	49,000
Accounts payable	(358,000)	(384,000)
Accrued liabilities	(642,000)	(180,000)
Accrued income taxes	8,000	0
Deferred revenue	299,000	630,000
Net cash provided by operating activities	2,709,000	574,000
Investing Activities:
Purchases of property and equipment	(194,000)	(285,000)
Net cash used in investing activities	(194,000)	(285,000)
Financing Activities:
Cash dividends paid ($0.70 per share)	0	(8,163,000)
Proceeds from issuance of common stock, net	49,000	0
Net cash provided by (used in) financing activities	49,000	(8,163,000)
Increase (decrease) in cash and cash equivalents	2,564,000	(7,874,000)
Cash and cash equivalents at beginning of period	4,695,000	12,267,000
Cash and cash equivalents at end of period	7,259,000	4,393,000
Supplemental disclosures for cash flow information:
Cash paid during the period for income taxes	0	2,000
Non-cash investing and financing activities:
Purchases of property and equipment included in accounts payable	$ 93,000	$ 67,000

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Description of Business. Basis of Presentation . Recently Adopted Accounting Pronouncements . "Revenue from Contracts with Customers Revenue Recognition, "Revenue Inventories . March 31, December 31, 2018 2017 Raw materials $ 146,000 $ 68,000 Work-in-process 14,000 10,000 Finished goods 325,000 223,000 $ 485,000 $ 301,000 Property and Equipment . March 31, December 31, 2018 2017 Property and Equipment: Production tooling, machinery and equipment $ 4,003,000 $ 4,003,000 Office furniture and fixtures 325,000 325,000 Computer equipment and software 2,687,000 2,680,000 Leasehold improvements 577,000 577,000 Construction in-progress 448,000 206,000 8,040,000 7,791,000 Accumulated depreciation and amortization (5,307,000 ) (5,121,000 ) Net Property and Equipment $ 2,733,000 $ 2,670,000 Depreciation expense was approximately $186,000 and $219,000 in the three months ended March 31, 2018 and 2017, respectively. Stock-Based Compensation On November 28, 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 an extraordinary cash dividend. On March 28, 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 150,476 additional shares. Total stock-based compensation expense for the modifications was approximately $79,000, which was recorded during the three months ended March 31, 2017. During the three months ended March 31, 2018, no stock option awards were granted by the Company. During the three months ended March 31, 2017, no other stock option awards were granted by the Company beyond the modification discussed above. No restricted stock units were issued during the three months ended March 31, 2018. During the three months ended March 31, 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. The Company estimated the fair value of stock-based awards granted during the three months ended March, 31, 2018, under the Company’s employee stock purchase plan using the following weighted average assumptions: expected life of 1.0 years, expected volatility of 66%, dividend yield of 0% and risk-free interest rate of 1.83%. Total stock-based compensation expense recorded for the three months ended March 31, 2018 and 2017, was $67,000 and $147,000, respectively. During the three months ended March 31, 2018 and 2017, there were no options exercised. Net Income (Loss) per Share . Options to purchase approximately 247,000 shares of common stock with a weighted average exercise price of $2.74 were outstanding at March 31, 2018 and were not included in the computation of common stock equivalents for the three months ended March 31, 2018 because their exercise prices were higher than the average fair market value of the common shares during the reporting period. Due to the net loss incurred during the three months ended March 31, 2017 all stock options were anti-dilutive for that period. Weighted average common shares outstanding for the three months ended March 31, 2018 and 2017 were as follows: Three months ended March 31 2018 2017 Denominator for basic net income (loss) per share - weighted average shares 11,819,000 11,661,000 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 163,000 — Denominator for diluted net income (loss) per share - weighted average shares 11,982,000 11,661,000 Dividends .

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2018
Revenue Recognition [Abstract]
Revenue Recognition	Under Topic 606, revenue is measured based on consideration specified in the contract with a customer, adjusted for any applicable estimates of variable consideration and other factors affecting the transaction price, including noncash consideration, consideration paid or payable to a customer and significant financing components. Revenue from all customers is recognized when a performance obligation is satisfied by transferring control of a distinct good or service to a customer, as further described below under “Performance Obligations Taxes collected from customers and remitted to governmental authorities are excluded from revenue on the net basis of accounting. The Company includes shipping and handling fees in revenues. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment cost and are included in cost of goods sold. The majority of the Company's accounts receivable is due from companies in the consumer-packaged goods industry. Credit is extended based on evaluation of a customer's financial condition and, generally, collateral is not required. Accounts receivable are due within 30-150 days and are stated at amounts due from customers, net of an allowance for doubtful accounts. Performance Obligations A performance obligation is a promise in a contract to transfer a distinct good or service to the customer, and is the unit of account under Topic 606. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The following is a description of our performance obligations included in our primary revenue streams and the timing or method of revenue recognition for each: POPSign services. Each of the individual activities under our POPSign services, including production activities, are inputs to an integrated sign display service. As such, each POPSign service represents a single performance obligation. Customers receive and consume the benefits from the promotional displays over the duration of the contracted display cycle. Additionally, the display of the signs does not have an alternative use to us and we have an enforceable right to payment for services performed to date. As a result, we recognize the transaction price for our POPSign service performance obligations as revenue over time. Given the nature of our performance obligations is to provide a display service over the duration of a specified period or periods, we recognize revenue on a straight-line basis over the display service period as it best reflects the timing of transfer of our POPSign services . Other Service revenues Products . Disaggregation of Revenue In the following table, revenue is disaggregated by major revenue stream and timing of revenue recognition. Three months ended March 31, 2018 Services Revenues Products Revenue Total Revenue Timing of revenue recognition: Products and services transferred over time $ 7,026,000 $ — $ 7,026,000 Products and services transferred at a point in time — 393,000 393,000 Total $ 7,026,000 $ 393,000 $ 7,419,000 Contract Costs Sales commissions that are paid to internal or external sales representatives are eligible for capitalization as they are incremental costs that would not have been incurred without entering into a specific sales arrangement and are recoverable through the expected margin on the transaction. The Company is applying the practical expedient in Accounting Standards Codification 340-40-25-4 that allows the incremental costs of obtaining a contract to be recorded as an expense when incurred when the amortization period of the asset that would have otherwise been recognized is one year or less. These costs are included in selling expenses. Significant changes in deferred revenue during the period are as follows: Balance at December 31, 2017 $ 372,000 Reclassification of beginning deferred revenue to revenue, as a result of performance obligations satisfied. (122,000 ) Cash received in advance and not recognized as revenue. 421,000 Cumulative catch-up from a change in the timeframe for recognition of revenue arising from deferred revenue. — Balance at March 31, 2018 $ 671,000 Transaction Price Allocated to Remaining Performance Obligations The Company applies the practical expedient in paragraph 606-10-50-14 and does not disclose information about remaining performance obligations that have original expected durations of one year or less, which reflect the majority of our performance obligations. This practical expedient is being applied to arrangements for certain uncompleted POPSign services and unshipped custom signage materials. Of those contracts with an expected duration of greater than one year, we estimate that revenue of $7,263,000 and $4,164,000 related to performance obligations that are unsatisfied (or partially unsatisfied) as of March 31, 2018 will be recognized during the remainder of fiscal 2018 and in fiscal 2019, respectively.

Selling Arrangement

Selling Arrangement	3 Months Ended
	Mar. 31, 2018
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 in each of the three months ended March 31, 2018 and 2017 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 condensed statements of operations. The net carrying amount of the selling arrangement is recorded within other assets on the Company’s condensed balance sheet/

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	For the three months ended March 31, 2018, the Company recorded income tax expense of $73,000, or 30.8% of income before taxes. For the three months ended March 31, 2017, the Company recorded income tax benefit of $544,000, or 31.4% of loss before taxes. The income tax expense for the three months ended March 31, 2018 and the income tax benefit for the three month ended March 31, 2017 is comprised of federal and state taxes. The primary differences between the Company’s March 31, 2018 and 2017 effective tax rates and the statutory federal rate are expenses related to stock-based compensation and nondeductible meals and entertainment. 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 statements 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. At both December 31, 2017 and March 31, 2018, the Company had a valuation allowance of approximately $108,000 as a result of certain capital losses and state net operating losses carried forward which the Company does not believe are more likely than not to be realized. As of March 31, 2018 and December 31, 2017, the Company had unrecognized tax benefits totaling $589,000 and $581,000, 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 $589,000. 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 2018.

Concentrations

Concentrations	3 Months Ended
	Mar. 31, 2018
Risks and Uncertainties [Abstract]
Concentrations	During the three months ended March 31, 2018, two customers accounted for 28% and 24%, respectively, of the Company’s total net sales. During the three months ended March 31, 2017, two customers accounted for 31% and 12%, respectively, of the Company’s total net sales. At March 31, 2018, two customers represented 27% and 17% of the Company’s total accounts receivable, respectively. At December 31, 2017, three customers represented 29%, 12% and 11% of the Company’s total accounts receivable. 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	3 Months Ended
	Mar. 31, 2018
Share Repurchase
Share Repurchase	On April 5, 2018, the Board of Directors authorized the repurchase of up to $3,000,000 of the Company’s common stock on or before March 31, 2020. The plan allows the repurchases to be made in open market or privately negotiated transactions. The plan does not obligate the Company to repurchase any particular number of shares, and may be suspended at any time at the Company’s discretion. During the three months ended March 31, 2018, there was no share repurchase activity.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	3 Months Ended
	Mar. 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Pronouncements	In February 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-02, Leases

Summary of Significant Accoun13

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Description of Business
Basis of Presentation
Recently Adopted Accounting Pronouncements	Effective January 1, 2018, the Company adopted Financial Accounting Standards Board Accounting Standards Update (“ASU”) 2014-09 "Revenue from Contracts with Customers Revenue Recognition, "Revenue.”
Inventories	March 31, December 31, 2018 2017 Raw materials $ 146,000 $ 68,000 Work-in-process 14,000 10,000 Finished goods 325,000 223,000 $ 485,000 $ 301,000
Property and Equipment	Property and Equipment . March 31, December 31, 2018 2017 Property and Equipment: Production tooling, machinery and equipment $ 4,003,000 $ 4,003,000 Office furniture and fixtures 325,000 325,000 Computer equipment and software 2,687,000 2,680,000 Leasehold improvements 577,000 577,000 Construction in-progress 448,000 206,000 8,040,000 7,791,000 Accumulated depreciation and amortization (5,307,000 ) (5,121,000 ) Net Property and Equipment $ 2,733,000 $ 2,670,000 Depreciation expense was approximately $186,000 and $219,000 in the three months ended March 31, 2018 and 2017, respectively.
Stock-Based Compensation	On November 28, 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 an extraordinary cash dividend. On March 28, 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 150,476 additional shares. Total stock-based compensation expense for the modifications was approximately $79,000, which was recorded during the three months ended March 31, 2017. During the three months ended March 31, 2018, no stock option awards were granted by the Company. During the three months ended March 31, 2017, no other stock option awards were granted by the Company beyond the modification discussed above. No restricted stock units were issued during the three months ended March 31, 2018. During the three months ended March 31, 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. The Company estimated the fair value of stock-based awards granted during the three months ended March, 31, 2018, under the Company’s employee stock purchase plan using the following weighted average assumptions: expected life of 1.0 years, expected volatility of 66%, dividend yield of 0% and risk-free interest rate of 1.83%. Total stock-based compensation expense recorded for the three months ended March 31, 2018 and 2017, was $67,000 and $147,000, respectively. During the three months ended March 31, 2018 and 2017, there were no options exercised.
Net Income (Loss) per Share	Options to purchase approximately 247,000 shares of common stock with a weighted average exercise price of $2.74 were outstanding at March 31, 2018 and were not included in the computation of common stock equivalents for the three months ended March 31, 2018 because their exercise prices were higher than the average fair market value of the common shares during the reporting period. Due to the net loss incurred during the three months ended March 31, 2017 all stock options were anti-dilutive for that period. Weighted average common shares outstanding for the three months ended March 31, 2018 and 2017 were as follows: Three months ended March 31 2018 2017 Denominator for basic net income (loss) per share - weighted average shares 11,819,000 11,661,000 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 163,000 — Denominator for diluted net income (loss) per share - weighted average shares 11,982,000 11,661,000
Dividends

Summary of Significant Accoun14

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Schedule Of Inventories	March 31, December 31, 2018 2017 Raw materials $ 146,000 $ 68,000 Work-in-process 14,000 10,000 Finished goods 325,000 223,000 $ 485,000 $ 301,000
Schedule of Property and Equipment	March 31, December 31, 2018 2017 Property and Equipment: Production tooling, machinery and equipment $ 4,003,000 $ 4,003,000 Office furniture and fixtures 325,000 325,000 Computer equipment and software 2,687,000 2,680,000 Leasehold improvements 577,000 577,000 Construction in-progress 448,000 206,000 8,040,000 7,791,000 Accumulated depreciation and amortization (5,307,000 ) (5,121,000 ) Net Property and Equipment $ 2,733,000 $ 2,670,000
Schedule Of Weighted Average Common Shares Outstanding	Three months ended March 31 2018 2017 Denominator for basic net income (loss) per share - weighted average shares 11,819,000 11,661,000 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 163,000 — Denominator for diluted net income (loss) per share - weighted average shares 11,982,000 11,661,000

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue Recognition Tables
Disaggregation of Revenue	Three months ended March 31, 2018 Services Revenues Products Revenue Total Revenue Timing of revenue recognition: Products and services transferred over time $ 7,026,000 $ — $ 7,026,000 Products and services transferred at a point in time — 393,000 393,000 Total $ 7,026,000 $ 393,000 $ 7,419,000
Schedule of Changes in Deferred Revenue	Balance at December 31, 2017 $ 372,000 Reclassification of beginning deferred revenue to revenue, as a result of performance obligations satisfied. (122,000 ) Cash received in advance and not recognized as revenue. 421,000 Cumulative catch-up from a change in the timeframe for recognition of revenue arising from deferred revenue. — Balance at March 31, 2018 $ 671,000

Summary of Significant Accoun16

Summary of Significant Accounting Policies (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Inventories
Raw materials	$ 146,000	$ 68,000
Work-in-process	14,000	10,000
Finished goods	325,000	223,000
Inventories	$ 485,000	$ 301,000

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Details 1) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 8,040,000	$ 7,791,000
Accumulated depreciation and amortization	(5,307,000)	(5,121,000)
Net property and equipment	2,733,000	2,670,000
Production tooling, machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	4,003,000	4,003,000
Office furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	325,000	325,000
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	2,687,000	2,680,000
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	$ 448,000	$ 206,000

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Summary Of Significant Accounting Policies Details 2
Denominator for basic net income (loss) per share - weighted average shares	11,819,000	11,661,000
Effect of dilutive securities: Stock options and restricted stock units and awards	$ 163,000	$ 0
Denominator for diluted net income (loss) per share - weighted average shares	11,982,000	11,661,000

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Jan. 06, 2017	Nov. 28, 2016	Mar. 31, 2018	Mar. 31, 2017	Dec. 16, 2016
Depreciation expense			$ 186,000	$ 219,000
Stock-based compensation expense			$ 67,000	147,000
Shares excluded from the computation of earnings per share			247,000
Special dividend per share		$ .70
Declared dividends					$ 8,233,000
Dividends paid	$ 8,163,000
Omnibus Stock And Incentive Plan 2013 [Member]
Stock-based compensation expense for the modifications				$ 79,000
Stock option awards granted			0	0
Stock-based awards granted, estimated life			1 year
Stock-based awards granted, expected volatility			66.00%
Stock-based awards granted, dividend yield			0.00%
Stock-based awards granted, risk-free interest rate			1.83%
Stock option awards exercised			0	0
Omnibus Stock And Incentive Plan 2013 [Member] | Restricted Stock [Member]
Restricted stock units (in shares)			0	8,424
Weighted average exercise price (in dollars per share)				$ 1.51
Vesting period				1 year 6 months

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Services revenues	$ 7,026,000	$ 4,304,000
Products revenues	393,000	463,000
Total revenues	7,419,000	$ 4,767,000
Products and services transferred over time
Services revenues	7,026,000
Products revenues	0
Total revenues	7,026,000
Products and services transferred at a point in time
Services revenues	0
Products revenues	393,000
Total revenues	$ 393,000

Revenue Recognition (Details 1)

Revenue Recognition (Details 1)	3 Months Ended
	Mar. 31, 2018USD ($)
Revenue Recognition Details 1
Deferred revenue, beginning	$ 372,000
Reclassification of beginning deferred revenue to revenue, as a result of performance obligations satisfied.	(122,000)
Cash received in advance and not recognized as revenue	421,000
Cumulative catch-up from a change in the timeframe for recognition of revenue arising from deferred revenue	0
Deferred revenue, ending	$ 671,000

Revenue Recognition (Details Na

Revenue Recognition (Details Narrative)	Mar. 31, 2018USD ($)
2,018
Performance obligation revenue to be recognized	$ 7,263,000
2,019
Performance obligation revenue to be recognized	$ 4,164,000

Selling Arrangement (Details Na

Selling Arrangement (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	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
2,018	400,000
2,019	400,000
2,020	400,000
2,021	$ 117,000

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 73,000	$ (544,000)
Income tax rate, percentage	30.80%	31.40%
Deferred tax asset valuation allowance	$ 108,000		$ 108,000
Unrecognized tax benefits	$ 589,000		$ 581,000

Concentrations (Details Narrati

Concentrations (Details Narrative)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Sales Revenue Net [Member] | Customer One [Member]
Concentration Risk [Line Items]
Customer's concentration risk percentage	28.00%	31.00%
Sales Revenue Net [Member] | Customer Two [Member]
Concentration Risk [Line Items]
Customer's concentration risk percentage	24.00%	12.00%
Accounts Receivable [Member] | Customer One [Member]
Concentration Risk [Line Items]
Customer's concentration risk percentage	27.00%		29.00%
Accounts Receivable [Member] | Customer Two [Member]
Concentration Risk [Line Items]
Customer's concentration risk percentage	17.00%		12.00%
Accounts Receivable [Member] | Customer Three [Member]
Concentration Risk [Line Items]
Customer's concentration risk percentage			11.00%

Share Repurchase (Details Narra

Share Repurchase (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2018	Apr. 05, 2018
Share Repurchase Details Narrative
Authorized repurchase of common stock		$ 3,000,000
Shares repurchased	0