Lendway (LDWY) 10-Q 23 Aug 21 2021 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2021	Aug. 19, 2021
Cover [Abstract]
Entity Registrant Name	INSIGNIA SYSTEMS INC/MN
Entity Central Index Key	0000875355
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2021
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Entity Common Stock Shares Outstanding		1,765,319
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity File Number	1-13471
Entity Incorporation State Country Code	MN
Entity Tax Identification Number	41-1656308
Entity Address Address Line 1	7308 Aspen Lane N
Entity Address Address Line 2	Suite 153
Entity Address City Or Town	Minneapolis
Entity Address State Or Province	MN
Entity Address Postal Zip Code	55428
City Area Code	763
Local Phone Number	392-6200
Security 12b Title	Common Stock, $0.01 par value
Trading Symbol	ISIG
Security Exchange Name	NASDAQ

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current Assets:
Cash and cash equivalents	$ 5,879,000	$ 7,128,000
Restricted cash	85,000	0
Accounts receivable, net	4,837,000	5,857,000
Inventories	91,000	85,000
Income tax receivable	242,000	241,000
Prepaid expenses and other	301,000	711,000
Total Current Assets	11,435,000	14,022,000
Other Assets:
Property and equipment, net	81,000	75,000
Operating lease right-of-use assets	29,000	37,000
Other, net	37,000	155,000
Total Assets	11,582,000	14,289,000
Current Liabilities:
Accounts payable	2,516,000	3,148,000
Accrued liabilities:
Compensation	474,000	424,000
Sales tax	1,326,000	1,011,000
Other	1,072,000	1,071,000
Current portion of long-term debt	0	464,000
Current portion of operating lease liabilities	16,000	56,000
Deferred revenue	275,000	180,000
Total Current Liabilities	5,679,000	6,354,000
Long-Term Liabilities:
Accrued income taxes	694,000	677,000
Long-term debt, net of current portion	0	590,000
Operating lease liabilities	13,000
Total Long-Term Liabilities	707,000	1,267,000
Shareholders' Equity:
Common stock, par value $.01: Authorized shares - 5,714,000 Issued and outstanding shares - 1,765,000 at June 30, 2021 and 1,748,000 at December 31, 2020, respectively	18,000	17,000
Additional paid-in capital	16,396,000	16,238,000
Accumulated deficit	(11,218,000)	(9,587,000)
Total Shareholders' Equity	5,196,000	6,668,000
Total Liabilities and Shareholders' Equity	$ 11,582,000	$ 14,289,000

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
CONDENSED BALANCE SHEETS
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	5,714,000	5,714,000
Common stock, shares issued	1,765,000	1,748,000
Common stock, shares outstanding	1,765,000	1,748,000

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
CONDENSED STATEMENTS OF OPERATIONS (Unaudited)
Services revenues	$ 6,096,000	$ 3,133,000	$ 11,482,000	$ 7,533,000
Products revenues	0	214,000	0	460,000
Total Net Sales	6,096,000	3,347,000	11,482,000	7,993,000
Cost of services	4,888,000	2,807,000	9,345,000	6,189,000
Cost of goods sold	0	208,000	0	380,000
Impairment loss - services	0	0	0	159,000
Total Cost of Sales	4,888,000	3,015,000	9,345,000	6,728,000
Gross Profit	1,208,000	332,000	2,137,000	1,265,000
Operating Expenses:
Selling	465,000	927,000	981,000	1,647,000
Marketing	260,000	243,000	495,000	608,000
General and administrative	1,336,000	992,000	3,273,000	1,996,000
Total Operating Expenses	2,061,000	2,162,000	4,749,000	4,251,000
Operating Loss	(853,000)	(1,830,000)	(2,612,000)	(2,986,000)
Other income (expense):
Gain on forgiveness of debt and accrued interest	0	0	1,062,000	0
Interest expense	(33,000)	(18,000)	(60,000)	(33,000)
Miscellaneous	2,000	16,000	2,000	40,000
Loss Before Taxes	(884,000)	(1,832,000)	(1,608,000)	(2,979,000)
Income tax expense (benefit)	10,000	11,000	23,000	(211,000)
Net Loss	$ (894,000)	$ (1,843,000)	$ (1,631,000)	$ (2,768,000)
Net loss per share:
Basic	$ (0.51)	$ (1.07)	$ (0.93)	$ (1.60)
Diluted	$ (0.51)	$ (1.07)	$ (0.93)	$ (1.60)
Shares used in calculation of net loss per share:
Basic	1,755,000	1,725,000	1,753,000	1,725,000
Diluted	1,755,000	1,725,000	1,753,000	1,725,000

CONDENSED STATEMENTS OF SHAREHO

CONDENSED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)
Balance, shares at Dec. 31, 2019		1,725,000
Balance, amount at Dec. 31, 2019	$ 11,083,000	$ 16,000	$ 16,039,000	$ (4,972,000)
Issuance of common stock, net, shares		5,000
Issuance of common stock, net, amount	20,000	$ 0	20,000	0
Value of stock-based compensation	49,000	0	49,000	0
Net loss	(925,000)	$ 0	0	(925,000)
Balance, shares at Mar. 31, 2020		1,730,000
Balance, amount at Mar. 31, 2020	10,227,000	$ 16,000	16,108,000	(5,897,000)
Balance, shares at Dec. 31, 2019		1,725,000
Balance, amount at Dec. 31, 2019	11,083,000	$ 16,000	16,039,000	(4,972,000)
Net loss	(2,768,000)
Balance, shares at Jun. 30, 2020		1,734,000
Balance, amount at Jun. 30, 2020	8,443,000	$ 16,000	16,167,000	(7,740,000)
Balance, shares at Mar. 31, 2020		1,730,000
Balance, amount at Mar. 31, 2020	10,227,000	$ 16,000	16,108,000	(5,897,000)
Value of stock-based compensation	59,000	0	59,000	0
Net loss	(1,843,000)	$ 0	0	(1,843,000)
Repurchase of common stock upon vesting of restricted stock units, shares		4,000
Repurchase of common stock upon vesting of restricted stock units, amount	0	$ 0	0	0
Balance, shares at Jun. 30, 2020		1,734,000
Balance, amount at Jun. 30, 2020	8,443,000	$ 16,000	16,167,000	(7,740,000)
Balance, shares at Dec. 31, 2020		1,748,000
Balance, amount at Dec. 31, 2020	6,668,000	$ 17,000	16,238,000	(9,587,000)
Issuance of common stock, net, shares		6,000
Issuance of common stock, net, amount	26,000	$ 1,000	25,000	0
Value of stock-based compensation	56,000	0	56,000	0
Net loss	(737,000)	$ 0	0	(737,000)
Balance, shares at Mar. 31, 2021		1,754,000
Balance, amount at Mar. 31, 2021	6,013,000	$ 18,000	16,319,000	(10,324,000)
Balance, shares at Dec. 31, 2020		1,748,000
Balance, amount at Dec. 31, 2020	6,668,000	$ 17,000	16,238,000	(9,587,000)
Net loss	(1,631,000)
Balance, shares at Jun. 30, 2021		1,765,000
Balance, amount at Jun. 30, 2021	5,196,000	$ 18,000	16,396,000	(11,218,000)
Balance, shares at Mar. 31, 2021		1,754,000
Balance, amount at Mar. 31, 2021	6,013,000	$ 18,000	16,319,000	(10,324,000)
Value of stock-based compensation	86,000	0	86,000	0
Net loss	(894,000)	$ 0	0	(894,000)
Repurchase of common stock upon vesting of restricted stock units, shares		11,000
Repurchase of common stock upon vesting of restricted stock units, amount	(9,000)	$ 0	(9,000)	0
Balance, shares at Jun. 30, 2021		1,765,000
Balance, amount at Jun. 30, 2021	$ 5,196,000	$ 18,000	$ 16,396,000	$ (11,218,000)

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating Activities:
Net loss	$ (1,631,000)	$ (2,768,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	32,000	267,000
Impairment loss - services	0	159,000
Gain on sale of property and equipment	(7,000)	0
Changes in allowance for doubtful accounts	53,000	61,000
Stock-based compensation expense	142,000	108,000
Gain on forgiveness of debt and accrued interest	(1,062,000)	0
Changes in operating assets and liabilities:
Accounts receivable	967,000	2,077,000
Inventories	(6,000)	10,000
Income tax receivable	(1,000)	(121,000)
Prepaid expenses and other	536,000	(109,000)
Accounts payable	(647,000)	(851,000)
Accrued liabilities	361,000	168,000
Income tax payable	17,000	17,000
Deferred revenue	95,000	430,000
Net cash used in operating activities	(1,151,000)	(552,000)
Investing Activities:
Purchases of property and equipment	(32,000)	(44,000)
Proceeds from sale of property and equipment	16,000	0
Net cash used in investing activities	(16,000)	(44,000)
Financing Activities:
Proceeds from issuance of common stock, net	26,000	20,000
Cash dividends paid ($0.70 per share)	(14,000)	(14,000)
Repuchase of common stock upon vesting of restricted stock awards and vesting of restricted stock units	(9,000)	0
Proceeds from PPP loan	0	1,054,000
Net cash provided by financing activities	3,000	1,060,000
Increase (decrease) in cash and cash equivalents	(1,164,000)	464,000
Cash and cash equivalents and restricted cash at beginning of period	7,128,000	7,510,000
Cash and cash equivalents and restricted cash at end of period	5,964,000	7,974,000
Supplemental disclosures for cash flow information:
Cash paid (refunded) during the period for income taxes	7,000	(107,000)
Non-cash financing activity:
Operating lease right-of-use asset obtained in exchange for lease obligation	33,000	0
Forgiveness of debt and accrued interest	1,062,000	0
Purchase of property and equipment included in accounts payable	$ 15,000	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Summary of Significant Accounting Policies
1. Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies. Description of Business . Reverse Stock Split. Sale of Custom Print Business. Basis of Presentation . Cash and Cash Equivalents and Restricted Cash. June 30, December 31, 2021 Cash and cash equivalents $ 5,879,000 $ 7,128,000 Restricted cash 85,000 Total cash, cash equivalents and retricted cash $ 5,964,000 $ 7,128,000 Restricted Cash. Inventories . June 30, December 31, 2021 2020 Raw materials $ - $ - Work-in-process 3,000 2,000 Finished goods 88,000 83,000 $ 91,000 $ 85,000 Property and Equipment . June 30, December 31, 2021 2020 Property and Equipment: Production tooling, machinery and equipment $ 27,000 $ 2,349,000 Office furniture and fixtures 88,000 425,000 Computer equipment and software 714,000 1,447,000 Construction in-progress 8,000 17,000 837,000 4,238,000 Accumulated depreciation and amortization (756,000 ) (4,163,000 ) Net Property and Equipment $ 81,000 $ 75,000 Depreciation expense was approximately $11,000 and $32,000 in the three and six months ended June 30, 2021, respectively, and was $85,000 and $170,000 in the three and six months ended June 30, 2020, respectively. Stock-Based Compensation During the six-month periods ended June 30, 2021 and 2020 no equity awards were issued by the Company, except those awarded to non-employee members of the Board of Directors. In June 2021, non-employee members of the Board of Directors received restricted stock grants totaling 5,514 shares pursuant to the 2018 Equity Incentive Plan (the “2018 Plan”). The shares underlying the awards were assigned a value of $8.16 per share, which was the closing price of the Company’s common stock on the date of grant, for a total grant date value of $45,000, the shares are schedule to vest the day immediately preceding the date of the next annual shareholder meeting. The awards granted to directors in December 2020 vested in full on the day immediately preceding the date of the 2021 annual shareholder meeting, June 9, 2021. The Company estimated the fair value of stock-based awards granted during the six months ended June 30, 2021 under the Company’s employee stock purchase plan using the following weighted average assumptions: expected life of 1.0 year, expected volatility of 142.2%, dividend yield of 0% and risk-free interest rate of 0.1%. Total stock-based compensation expense recorded for the three and six months ended June 30, 2021 was $86,000 and $141,000, respectively, and for the three and six months ended June 30, 2020 was $59,000 and $108,000, respectively. Net Loss per Share . Due to the net loss incurred during the three and six months ended June 30, 2021 and 2020 all outstanding stock options were anti-dilutive for those periods. Weighted average common shares outstanding for the three and six months ended June 30, 2021 and 2020 were as follows: Three Months Ended Six Months Ended June 30 June 30 2021 2020 2021 2020 Denominator for basic net loss per share - weighted average shares 1,755,000 1,725,000 1,753,000 1,725,000 Effect of dilutive securities: Stock options and restricted stock units - - - - Denominator for diluted net loss per share - weighted average shares 1,755,000 1,725,000 1,753,000 1,725,000

Restatement of Previously Issue

Restatement of Previously Issued Financial Statements	6 Months Ended
	Jun. 30, 2021
Restatement of Previously Issued Financial Statements
2. Restatement of Previously Issued Financial Statements	2. Restatement of Previously Issued Financial Statements. Description of Restatement Adjustments. As described in additional detail in the Explanatory Note in our Annual Report on Form 10-K/A for the year ended December 31, 2020, the Company restated its audited financial statements for the years ended December 31, 2020 and 2019, and its unaudited financial statements for the quarterly periods ended March 31, 2020 and 2019, June 30, 2020 and 2019, and September 30, 2020 and 2019. The Company also filed a Quarterly Report on Form 10-Q/A for the three months ended March 31, 2021 to restate its unaudited financial statements for the three months ended March 31, 2021 and 2020. As a result of the misstatements, the Company restated our interim financial statements for the three and six months ended June 30, 2020. A summary of the impact of the misstatements is as follows: June 30, 2020 Three months Six months Three Months Ended As previously reported Restated As previously reported Restated Total Net Sales $ 3,388,000 $ 3,347,000 $ 8,070,000 $ 7,993,000 Operating Loss (1,777,000 ) (1,830,000 ) (2,886,000 ) (2,986,000 ) Net Loss (1,772,000 ) (1,843,000 ) (2,635,000 ) (2,768,000 ) June 30, 2020 As of As previously reported Restated Shareholders' equity $ 9,287,000 $ 8,444,000 The categories of restatement adjustments and their impact on previously reported financial statements are described below: (a) Sales Tax and Related Misstatements – (b) Related Income Tax Impact The following is a summary of the impact of the correction of the sales tax error for the periods previously reported for the three and six months ended June 30, 2020. The following table sets forth the corrections in each of the individual line items affected in the statements of operations: June 30, 2020 Three months Six months Reduction of net sales $ 41,000 $ 77,000 Increase in general and administrative expense for penalties 12,000 23,000 Increase in interest expense 18,000 33,000 Total effect of restatement items $ 71,000 $ 133,000 June 30, 2020 Three months Six months Six Months Ended As previously reported Restated As previously reported Restated Services revenues $ 3,174,000 $ 3,133,000 $ 7,610,000 $ 7,533,000 Products revenues 214,000 214,000 460,000 460,000 Total Net Sales 3,388,000 3,347,000 8,070,000 7,993,000 Cost of services 2,807,000 2,807,000 6,189,000 6,189,000 Cost of goods sold 208,000 208,000 380,000 380,000 Impairment loss - - 159,000 159,000 Total Cost of Sales 3,015,000 3,015,000 6,728,000 6,728,000 Gross Profit 373,000 332,000 1,342,000 1,265,000 Operating Expenses: Selling 927,000 927,000 1,647,000 1,647,000 Marketing 243,000 243,000 608,000 608,000 General and administrative 980,000 992,000 1,973,000 1,996,000 Total Operating Expenses 2,150,000 2,162,000 4,228,000 4,251,000 Operating Loss (1,777,000 ) (1,830,000 ) (2,886,000 ) (2,986,000 ) Other income (expense): Interest expense - (18,000 ) - (33,000 ) Miscellaneous 16,000 16,000 40,000 40,000 Loss Before Taxes (1,761,000 ) (1,832,000 ) (2,846,000 ) (2,979,000 ) Income tax benefit 11,000 11,000 (211,000 ) (211,000 ) Net Loss $ (1,772,000 ) $ (1,843,000 ) $ (2,635,000 ) $ (2,768,000 ) Net loss per share: Basic $ (1.03 ) $ (1.07 ) $ (1.53 ) $ (1.60 ) Diluted $ (1.03 ) $ (1.07 ) $ (1.53 ) $ (1.60 ) Shares used in calculation of net loss per share: Basic 1,725,000 1,725,000 1,725,000 1,725,000 Diluted 1,725,000 1,725,000 1,725,000 1,725,000 The following table sets forth the corrections in each of the individual line items affected in the balance sheet: June 30, 2020 As previously reported Error correction Restated Accounts receivable, net $ 5,319,000 $ 102,000 $ 5,421,000 Accrued liabilities - sales tax $ - $ 773,000 $ 773,000 Accrued liabilities - other $ 597,000 $ 172,000 $ 769,000 Accumulated deficit $ 6,896,000 $ 844,000 $ 7,740,000 The following table sets forth the corrections to retained earnings (accumulated deficit) and total shareholders’ equity in the statements of shareholders’ equity. SHAREHOLDERS' EQUITY Accumulated Deficit Total Shareholders' Equity June 30, 2020 As reported $ (6,896,000 ) $ 9,287,000 Adjustment due to cumulative error correction (844,000 ) (844,000 ) As restated $ (7,740,000 ) $ 8,443,000 The Company did not present tables for adjustments within the statement of cash flows, since all of the foregoing adjustments were within the operating activities section of the cash flows. These adjustments did not affect total cash flows from operating activities, financing activities or investing activities for the three and six month periods ended June 30, 2020.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2021
Revenue Recognition
3. Revenue Recognition	3. Revenue Recognition. Revenue from Contracts with Customers 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. 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 the Company’s performance obligations included in its primary revenue streams and the timing or method of revenue recognition for each: In-Store Signage Solution Services. Each of the individual activities under the Company’s services, including production activities, are inputs to an integrated sign display service. 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 the Company and the Company has an enforceable right to payment for services performed to date. As a result, the Company recognizes the transaction price for service performance obligations as revenue over time. Given the nature of the Company’s performance obligations is to provide a display service over the duration of a specified period or periods, the Company recognizes revenue on a straight-line basis over the display service period as it best reflects the timing of transfer of its sign solutions. Non-POPS Solutions Products . Disaggregation of Revenue In the following table, revenue is disaggregated by major revenue stream and timing of revenue recognition. Three months ended June 30, 2021 Six months ended June 30, 2021 Services Revenues Products Revenue Total Revenue Services Revenues Products Revenue Total Revenue Timing of revenue recognition: Products and services transferred over time $ 1,861,000 $ - $ 1,861,000 $ 3,884,000 $ - $ 3,884,000 Products and services transferred at a point in time 4,235,000 - 4,235,000 7,598,000 - 7,598,000 Total $ 6,096,000 $ - $ 6,096,000 $ 11,482,000 $ - $ 11,482,000 As Restated Three months ended June 30, 2020 Six months ended June 30, 2020 Services Revenues Products Revenue Total Revenue Services Revenues Products Revenue Total Revenue Timing of revenue recognition: Products and services transferred over time $ 2,012,000 $ - $ 2,012,000 $ 5,343,000 $ - $ 5,343,000 Products and services transferred at a point in time 1,121,000 214,000 1,335,000 2,190,000 460,000 2,650,000 Total $ 3,133,000 $ 214,000 $ 3,347,000 $ 7,533,000 $ 460,000 $ 7,993,000 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. Deferred Revenue Significant changes in deferred revenue during the period are as follows: Balance at December 31, 2020 $ 180,000 Reclassification of beginning deferred revenue to revenue, as a result of performance obligations satisfied (148,000 ) Cash received in advance and not recognized as revenue 243,000 Balance at June 30, 2021 $ 275,000 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 its performance obligations. This practical expedient is being applied to arrangements for certain incomplete services and unshipped custom signage materials. Among our contracts with an expected duration of greater than one year, we anticipate that revenue of $38,000, $116,000 and $60,000 related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2021 will be recognized during the remainder of fiscal 2021, 2022 and 2023, respectively.

Selling Arrangement

Selling Arrangement	6 Months Ended
	Jun. 30, 2021
Selling Arrangement
4. Selling Arrangement.	4. Selling Arrangement.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Taxes
5. Income Taxes	5. Income Taxes. 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, the Company considers tax regulations of the jurisdictions in which it operates, 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 June 30, 2021 and December 31, 2020, the Company had a valuation allowance of approximately $2,586,000 and $1,946,000, respectively, against its entire deferred tax asset because the Company does not believe it is more likely than not that it will realize its deferred tax asset. As of June 30, 2021, and December 31, 2020, the Company had unrecognized tax benefits totaling $694,000 and $677,000, 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 $694,000. The Company believes that it is reasonably possible that a decrease of up to $650,000 in unrecognized tax benefits related to state exposures may be necessary within the coming year, which would reduce accrued income taxes and increase income tax benefit. In March 2020, Congress passed the Coronavirus Aid, Relief and Economic Security (“CARES”) Act. The CARES Act, among other provisions, allows for companies to carry back federal NOLs generated in 2018, 2019 and 2020 for up to five years for refunds of federal taxes paid. This provision created an opportunity for the Company to utilize NOLs not previously expected to be utilized. Thus, in 2020 the Company reversed approximately $215,000 of its valuation allowance against the NOLs in its deferred tax assets which the Company carried back to claim a refund of federal taxes paid. As the Company expects to receive the tax refund from the ability to carry back the NOLs within the next 12 months, this discrete benefit has been recorded within income taxes receivable on the balance sheet. In addition to the $215,000 recognized, $17,000 was included as a discrete tax benefit for 2020 and included in income taxes receivable related to the NOL carry back due to differences in the federal tax rate utilized for the deferred tax asset compared to the rates in effect for the years in which the NOL is being carried back.

Concentrations

Concentrations	6 Months Ended
	Jun. 30, 2021
Concentrations
6. Concentrations	6. Concentrations.

Legal Proceedings

Legal Proceedings	6 Months Ended
	Jun. 30, 2021
Legal Proceedings
7. Legal Proceedings	7. Legal Proceedings. In August 2019, News America filed an answer and counterclaim. In October 2019, News America moved for a judgment on the pleadings. Management believes that the counterclaim is without merit, and the Company filed a response brief on November 11, 2019. The Company also moved to dismiss the counterclaim against it. The court heard oral arguments from both parties on January 14, 2020, and subsequently denied both motions. On July 10, 2020 the parties cross-moved for summary judgment on the counterclaim. On December 7, 2020, the Court granted News America’s motion for summary judgment on the counterclaim in part, requiring Insignia to strike certain allegations from its complaint and finding News America’s request for attorneys’ fees and costs premature. Discovery is underway and trial has been scheduled for December 2021. At this stage of the proceedings, the Company is unable to determine the likelihood of an unfavorable outcome or estimate any potential resulting liability.

Loan

Loan	6 Months Ended
	Jun. 30, 2021
Loan
8. Loan	8. Loan. In accordance with the requirements of the CARES Act, the Company used the proceeds from the loan exclusively for qualified expenses under the PPP, including payroll costs, rent and utility costs, as further detailed in the CARES Act and applicable guidance issued by the SBA. Interest was accrued on the outstanding balance of the Note at a rate of 1.00% per annum. The Note was scheduled to mature on April 22, 2022 and required 18 equal monthly payments of principal and interest. The Company’s application for forgiveness of the entire principal amount and all accrued interest under the Note was approved by the SBA on January 29, 2021. Accordingly, for the six months ended June 30, 2021 the debt of $1,054,000, plus accrued interest of $8,000, was eliminated with a gain on debt forgiveness and accrued interest included in other income.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events
9. Subsequent Events	9. Subsequent Event.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Summary of Significant Accounting Policies
Inventories	Inventories . June 30, December 31, 2021 2020 Raw materials $ - $ - Work-in-process 3,000 2,000 Finished goods 88,000 83,000 $ 91,000 $ 85,000
Property and Equipment	Property and Equipment . June 30, December 31, 2021 2020 Property and Equipment: Production tooling, machinery and equipment $ 27,000 $ 2,349,000 Office furniture and fixtures 88,000 425,000 Computer equipment and software 714,000 1,447,000 Construction in-progress 8,000 17,000 837,000 4,238,000 Accumulated depreciation and amortization (756,000 ) (4,163,000 ) Net Property and Equipment $ 81,000 $ 75,000 Depreciation expense was approximately $11,000 and $32,000 in the three and six months ended June 30, 2021, respectively, and was $85,000 and $170,000 in the three and six months ended June 30, 2020, respectively.
Sales Taxes
Stock-Based Compensation	Stock-Based Compensation During the six-month periods ended June 30, 2021 and 2020 no equity awards were issued by the Company, except those awarded to non-employee members of the Board of Directors. In June 2021, non-employee members of the Board of Directors received restricted stock grants totaling 5,514 shares pursuant to the 2018 Equity Incentive Plan (the “2018 Plan”). The shares underlying the awards were assigned a value of $8.16 per share, which was the closing price of the Company’s common stock on the date of grant, for a total grant date value of $45,000, the shares are schedule to vest the day immediately preceding the date of the next annual shareholder meeting. The awards granted to directors in December 2020 vested in full on the day immediately preceding the date of the 2021 annual shareholder meeting, June 9, 2021. The Company estimated the fair value of stock-based awards granted during the six months ended June 30, 2021 under the Company’s employee stock purchase plan using the following weighted average assumptions: expected life of 1.0 year, expected volatility of 142.2%, dividend yield of 0% and risk-free interest rate of 0.1%. Total stock-based compensation expense recorded for the three and six months ended June 30, 2021 was $86,000 and $141,000, respectively, and for the three and six months ended June 30, 2020 was $59,000 and $108,000, respectively.
Net Income (Loss) per Share	Net Loss per Share . Due to the net loss incurred during the three and six months ended June 30, 2021 and 2020 all outstanding stock options were anti-dilutive for those periods. Weighted average common shares outstanding for the three and six months ended June 30, 2021 and 2020 were as follows: Three Months Ended Six Months Ended June 30 June 30 2021 2020 2021 2020 Denominator for basic net loss per share - weighted average shares 1,755,000 1,725,000 1,753,000 1,725,000 Effect of dilutive securities: Stock options and restricted stock units - - - - Denominator for diluted net loss per share - weighted average shares 1,755,000 1,725,000 1,753,000 1,725,000
Description of Business	Description of Business .
Reverse Stock Split	Reverse Stock Split.
Sale of our Custom Print Business	Sale of Custom Print Business.
Basis of Presentation	Basis of Presentation .
Restricted Cash	Restricted Cash.
Cash and Cash Equivalents and Restricted Cash	Cash and Cash Equivalents and Restricted Cash. June 30, December 31, 2021 Cash and cash equivalents $ 5,879,000 $ 7,128,000 Restricted cash 85,000 Total cash, cash equivalents and retricted cash $ 5,964,000 $ 7,128,000

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2021
Summary of Significant Accounting Policies
Schedule of cash and cash equivalents	June 30, December 31, 2021 Cash and cash equivalents $ 5,879,000 $ 7,128,000 Restricted cash 85,000 Total cash, cash equivalents and retricted cash $ 5,964,000 $ 7,128,000
Inventories	June 30, December 31, 2021 2020 Raw materials $ - $ - Work-in-process 3,000 2,000 Finished goods 88,000 83,000 $ 91,000 $ 85,000
Schedule of property and Equipment	June 30, December 31, 2021 2020 Property and Equipment: Production tooling, machinery and equipment $ 27,000 $ 2,349,000 Office furniture and fixtures 88,000 425,000 Computer equipment and software 714,000 1,447,000 Construction in-progress 8,000 17,000 837,000 4,238,000 Accumulated depreciation and amortization (756,000 ) (4,163,000 ) Net Property and Equipment $ 81,000 $ 75,000
Weighted average common shares outstanding	Three Months Ended Six Months Ended June 30 June 30 2021 2020 2021 2020 Denominator for basic net loss per share - weighted average shares 1,755,000 1,725,000 1,753,000 1,725,000 Effect of dilutive securities: Stock options and restricted stock units - - - - Denominator for diluted net loss per share - weighted average shares 1,755,000 1,725,000 1,753,000 1,725,000

Restatement of Previously Iss_2

Restatement of Previously Issued Financial Statements (Tables)	6 Months Ended
	Jun. 30, 2021
Restatement of Previously Issued Financial Statements
Summary of effect of restatement items	June 30, 2020 Three months Six months Reduction of net sales $ 41,000 $ 77,000 Increase in general and administrative expense for penalties 12,000 23,000 Increase in interest expense 18,000 33,000 Total effect of restatement items $ 71,000 $ 133,000
Summary of restatement of operation	June 30, 2020 Three months Six months Six Months Ended As previously reported Restated As previously reported Restated Services revenues $ 3,174,000 $ 3,133,000 $ 7,610,000 $ 7,533,000 Products revenues 214,000 214,000 460,000 460,000 Total Net Sales 3,388,000 3,347,000 8,070,000 7,993,000 Cost of services 2,807,000 2,807,000 6,189,000 6,189,000 Cost of goods sold 208,000 208,000 380,000 380,000 Impairment loss - - 159,000 159,000 Total Cost of Sales 3,015,000 3,015,000 6,728,000 6,728,000 Gross Profit 373,000 332,000 1,342,000 1,265,000 Operating Expenses: Selling 927,000 927,000 1,647,000 1,647,000 Marketing 243,000 243,000 608,000 608,000 General and administrative 980,000 992,000 1,973,000 1,996,000 Total Operating Expenses 2,150,000 2,162,000 4,228,000 4,251,000 Operating Loss (1,777,000 ) (1,830,000 ) (2,886,000 ) (2,986,000 ) Other income (expense): Interest expense - (18,000 ) - (33,000 ) Miscellaneous 16,000 16,000 40,000 40,000 Loss Before Taxes (1,761,000 ) (1,832,000 ) (2,846,000 ) (2,979,000 ) Income tax benefit 11,000 11,000 (211,000 ) (211,000 ) Net Loss $ (1,772,000 ) $ (1,843,000 ) $ (2,635,000 ) $ (2,768,000 ) Net loss per share: Basic $ (1.03 ) $ (1.07 ) $ (1.53 ) $ (1.60 ) Diluted $ (1.03 ) $ (1.07 ) $ (1.53 ) $ (1.60 ) Shares used in calculation of net loss per share: Basic 1,725,000 1,725,000 1,725,000 1,725,000 Diluted 1,725,000 1,725,000 1,725,000 1,725,000
Summary of sets forth the corrections in each line items affected in the balance sheet	June 30, 2020 As previously reported Error correction Restated Accounts receivable, net $ 5,319,000 $ 102,000 $ 5,421,000 Accrued liabilities - sales tax $ - $ 773,000 $ 773,000 Accrued liabilities - other $ 597,000 $ 172,000 $ 769,000 Accumulated deficit $ 6,896,000 $ 844,000 $ 7,740,000
Summary of shareholders' equity	SHAREHOLDERS' EQUITY Accumulated Deficit Total Shareholders' Equity June 30, 2020 As reported $ (6,896,000 ) $ 9,287,000 Adjustment due to cumulative error correction (844,000 ) (844,000 ) As restated $ (7,740,000 ) $ 8,443,000
Summary of the impact of the misstatements	June 30, 2020 Three months Six months Three Months Ended As previously reported Restated As previously reported Restated Total Net Sales $ 3,388,000 $ 3,347,000 $ 8,070,000 $ 7,993,000 Operating Loss (1,777,000 ) (1,830,000 ) (2,886,000 ) (2,986,000 ) Net Loss (1,772,000 ) (1,843,000 ) (2,635,000 ) (2,768,000 ) June 30, 2020 As of As previously reported Restated Shareholders' equity $ 9,287,000 $ 8,444,000

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue Recognition
Disaggregation of revenue	Three months ended June 30, 2021 Six months ended June 30, 2021 Services Revenues Products Revenue Total Revenue Services Revenues Products Revenue Total Revenue Timing of revenue recognition: Products and services transferred over time $ 1,861,000 $ - $ 1,861,000 $ 3,884,000 $ - $ 3,884,000 Products and services transferred at a point in time 4,235,000 - 4,235,000 7,598,000 - 7,598,000 Total $ 6,096,000 $ - $ 6,096,000 $ 11,482,000 $ - $ 11,482,000 As Restated Three months ended June 30, 2020 Six months ended June 30, 2020 Services Revenues Products Revenue Total Revenue Services Revenues Products Revenue Total Revenue Timing of revenue recognition: Products and services transferred over time $ 2,012,000 $ - $ 2,012,000 $ 5,343,000 $ - $ 5,343,000 Products and services transferred at a point in time 1,121,000 214,000 1,335,000 2,190,000 460,000 2,650,000 Total $ 3,133,000 $ 214,000 $ 3,347,000 $ 7,533,000 $ 460,000 $ 7,993,000
Deferred revenue	Balance at December 31, 2020 $ 180,000 Reclassification of beginning deferred revenue to revenue, as a result of performance obligations satisfied (148,000 ) Cash received in advance and not recognized as revenue 243,000 Balance at June 30, 2021 $ 275,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Summary of Significant Accounting Policies
Cash and cash equivalents	$ 5,879,000	$ 7,128,000
Restricted cash	85,000	0
Total cash, cash equivalents and retricted cash	$ 5,964,000	$ 7,128,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details 1) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Inventories
Raw materials	$ 0	$ 0
Work-in-process	3,000	2,000
Finished goods	88,000	83,000
Inventories	$ 91,000	$ 85,000

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details 2) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Gross property and equipment	$ 837,000	$ 4,238,000
Accumulated depreciation and amortization	(756,000)	(4,163,000)
Net property and equipment	81,000	75,000
Computer Equipment and Software
Gross property and equipment	714,000	1,447,000
Office Furniture and Fixtures
Gross property and equipment	88,000	425,000
Production Tooling, Machinery and Equipment
Gross property and equipment	27,000	2,349,000
Construction in-Progress
Gross property and equipment	$ 8,000	$ 17,000

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Details 3) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Summary of Significant Accounting Policies
Denominator for basic net loss per share - weighted average shares	1,755,000	1,725,000	1,753,000	1,725,000
Effect of dilutive securities:
Denominator for diluted net loss per share - weighted average shares	1,755,000	1,725,000	1,753,000	1,725,000

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Aug. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Summary of Significant Accounting Policies
Sale of custom print business	$ 300,000
Gain on sale of print business	195,000
Cash received	200,000
Short-term receivable	75,000
Long-term receivable	$ 25,000
Depreciation expense		$ 11,000	$ 32,000	$ 85,000	$ 170,000
Restricted stock granted				5,514
Restricted stock price per share				$ 8.16
Fair value of restricted shares				$ 45,000
Stock-based awards granted, estimated life				1 year
Stock-based awards granted, expected volatility				142.20%
Stock-based awards granted, dividend yield				0.00%
Stock-based awards granted, risk-free interest rate				0.10%
Stock-based compensation expense		$ 86,000	$ 141,000	$ 59,000	$ 108,000

Restatement of Previously Iss_3

Restatement of Previously Issued Financial Statements (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Operating Loss	$ (853,000)		$ (1,830,000)		$ (2,612,000)	$ (2,986,000)
Net Loss	(894,000)	$ (737,000)	(1,843,000)	$ (925,000)	(1,631,000)	(2,768,000)
Shareholder's equity	$ 5,196,000	$ 6,013,000	8,443,000	$ 10,227,000	$ 5,196,000	8,443,000	$ 6,668,000	$ 11,083,000
As Previously Reported [Member]
Net Sales			3,388,000			8,070,000
Operating Loss			(1,777,000)			(2,886,000)
Net Loss			(1,772,000)			(2,635,000)
Shareholder's equity			9,287,000			9,287,000
Restated [Member]
Net Sales			3,347,000			7,993,000
Operating Loss			(1,830,000)			(2,986,000)
Net Loss			(1,843,000)			(2,768,000)
Shareholder's equity			$ 8,444,000			$ 8,444,000

Restatement of Previously Iss_4

Restatement of Previously Issued Financial Statements (Details 1) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Restatement of Previously Issued Financial Statements
Reduction of net sales	$ 41,000	$ 77,000
Increase in general and administrative expense for penalities	12,000	23,000
Increase in interest expense	18,000	33,000
Total effect of restatement items	$ 71,000	$ 133,000

Restatement of Previously Iss_5

Restatement of Previously Issued Financial Statements (Details 2) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Total Net Sales	$ 6,096,000		$ 3,347,000		$ 11,482,000	$ 7,993,000
Cost of services	4,888,000		2,807,000		9,345,000	6,189,000
Cost of goods sold	0		208,000		0	380,000
Impairment loss		$ 0	159,000		0	159,000
Total Cost of Sales	4,888,000		3,015,000		9,345,000	6,728,000
Gross Profit	1,208,000		332,000		2,137,000	1,265,000
Operating Expenses:
Selling	465,000		927,000		981,000	1,647,000
Marketing	260,000		243,000		495,000	608,000
General and administrative	1,336,000		992,000		3,273,000	1,996,000
Total Operating Expenses	2,061,000		2,162,000		4,749,000	4,251,000
Operating Loss	(853,000)		(1,830,000)		(2,612,000)	(2,986,000)
Loss Before Taxes	(884,000)		(1,832,000)		(1,608,000)	(2,979,000)
Income tax expense (benefit)	10,000		11,000		23,000	(211,000)
Net Loss	$ (894,000)	$ (737,000)	$ (1,843,000)	$ (925,000)	$ (1,631,000)	$ (2,768,000)
Diluted	$ (0.51)		$ (1.07)		$ (0.93)	$ (1.60)
Basic	$ (0.51)		$ (1.07)		$ (0.93)	$ (1.60)
Diluted Shares	1,755,000		1,725,000		1,753,000	1,725,000
Denominator for basic net loss per share - weighted average shares	1,755,000		1,725,000		1,753,000	1,725,000
Services
Total Net Sales			$ 3,174,000			$ 7,610,000
Products
Total Net Sales			214,000			460,000
Restated [Member]
Total Net Sales			3,347,000			7,993,000
Cost of services			2,807,000			6,189,000
Cost of goods sold			208,000			380,000
Impairment loss			0			159,000
Total Cost of Sales			3,015,000			6,728,000
Gross Profit			332,000			1,265,000
Operating Expenses:
Selling			927,000			1,647,000
Marketing			243,000			608,000
General and administrative			992,000			1,996,000
Total Operating Expenses			2,162,000			4,251,000
Operating Loss			(1,830,000)			(2,986,000)
Miscellaneous			16,000			40,000
Interest expense			(18,000)			(33,000)
Loss Before Taxes			(1,832,000)			(2,979,000)
Income tax expense (benefit)			11,000			(211,000)
Net Loss			$ (1,843,000)			$ (2,768,000)
Diluted			$ (1.07)			$ (1.60)
Basic			$ (1.07)			$ (1.60)
Diluted Shares			1,725,000			1,725,000
Denominator for basic net loss per share - weighted average shares			1,725,000			1,725,000
Restated [Member] | Services
Total Net Sales			$ 3,133,000			$ 7,533,000
Restated [Member] | Products
Total Net Sales			214,000			460,000
As Previously Reported [Member]
Operating Expenses:
Operating Loss			(1,777,000)			(2,886,000)
Net Loss			(1,772,000)			(2,635,000)
Products and Services Transferred Over Time | As Previously Reported [Member]
Total Net Sales			3,388,000			8,070,000
Cost of services			2,807,000			6,189,000
Cost of goods sold			208,000			380,000
Impairment loss			0			159,000
Total Cost of Sales			3,015,000			6,728,000
Gross Profit			373,000			1,342,000
Operating Expenses:
Selling			927,000			1,647,000
Marketing			243,000			608,000
General and administrative			980,000			1,973,000
Total Operating Expenses			2,150,000			4,228,000
Operating Loss			(1,777,000)			(2,886,000)
Miscellaneous			16,000			40,000
Interest expense			0			0
Loss Before Taxes			(1,761,000)			(2,846,000)
Income tax expense (benefit)			(11,000)			(211,000)
Net Loss			$ (1,772,000)			$ (2,635,000)
Diluted			$ (1.03)			$ (1.53)
Basic			$ (1.03)			$ (1.53)
Diluted Shares			1,725,000			1,725,000
Denominator for basic net loss per share - weighted average shares			1,725,000			1,725,000

Restatement of Previously Iss_6

Restatement of Previously Issued Financial Statements (Details 3) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Accrued liabilities - other	$ 1,072,000	$ 1,071,000
Accumulated deficit	$ (11,218,000)	$ (9,587,000)
Restated [Member]
Accounts receivable, net			$ 5,421,000
Accrued liabilities - sales tax			773,000
Accrued liabilities - other			769,000
Accumulated deficit			(7,740,000)
As Previously Reported [Member] | Products and Services Transferred Over Time
Accounts receivable, net			5,319,000
Accrued liabilities - sales tax			0
Accrued liabilities - other			597,000
Accumulated deficit			(6,896,000)
Error Correction [Member]
Accounts receivable, net			102,000
Accrued liabilities - sales tax			773,000
Accrued liabilities - other			172,000
Accumulated deficit			$ (844,000)

Restatement of Previously Iss_7

Restatement of Previously Issued Financial Statements (Details 4) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Accumulated deficit	$ (11,218,000)	$ (9,587,000)
Restated [Member]
Accumulated deficit			$ (7,740,000)
Shareholder's equity			8,443,000
As Previously Reported [Member] | Products and Services Transferred Over Time
Accumulated deficit			(6,896,000)
Shareholder's equity			9,287,000
Error Correction [Member]
Accumulated deficit			(844,000)
Shareholder's equity			$ (844,000)

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Total Net Sales	$ 6,096,000		$ 11,482,000
Services
Total Net Sales	6,096,000		11,482,000
Products
Total Net Sales	0		0
Restated [Member]
Total Net Sales		$ 3,347,000		$ 7,993,000
Restated [Member] | Services
Total Net Sales		3,133,000		7,533,000
Restated [Member] | Products
Total Net Sales		214,000		460,000
Products and Services Transferred Over Time
Total Net Sales	1,861,000		3,884,000
Products and Services Transferred Over Time | Services
Total Net Sales	1,861,000		3,884,000
Products and Services Transferred Over Time | Products
Total Net Sales	0		0
Products and Services Transferred Over Time | Restated [Member] | Services
Total Net Sales		2,012,000		5,343,000
Products and Services Transferred Over Time | Restated [Member] | Products
Total Net Sales		0		0
Products and Services Transferred Over Time | As Previously Reported [Member]
Total Net Sales		2,012,000
Products and Services Transferred at a Point in Time
Total Net Sales	4,235,000		7,598,000
Products and Services Transferred at a Point in Time | Services
Total Net Sales	4,235,000		7,598,000
Products and Services Transferred at a Point in Time | Products
Total Net Sales	$ 0		$ 0
Products and Services Transferred at a Point in Time | Restated [Member]
Total Net Sales		1,335,000		2,650,000
Products and Services Transferred at a Point in Time | Restated [Member] | Services
Total Net Sales		1,121,000		2,190,000
Products and Services Transferred at a Point in Time | Restated [Member] | Products
Total Net Sales		$ 214,000		$ 460,000

Revenue Recognition (Details 1)

Revenue Recognition (Details 1)	6 Months Ended
	Jun. 30, 2021USD ($)
Revenue Recognition
Deferred revenue, beginning	$ 180,000
Reclassification of beginning deferred revenue to revenue, as a result of performance obligations satisfied	(148,000)
Cash received in advance and not recognized as revenue	243,000
Deferred revenue, ending	$ 275,000

Revenue Recognition (Details Na

Revenue Recognition (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Revenue	$ 6,096,000	$ 11,482,000
2021
Revenue		38,000
2022
Revenue		116,000
2023
Revenue		$ 60,000

Selling Arrangement (Details Na

Selling Arrangement (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2011
Impairment loss	$ 0	$ 159,000	$ 0	$ 159,000
Amortization expense		$ 36,000		$ 97,000
Selling Arrangement
Sale agreement to News America					$ 4,000,000
Agreement term period					10 years
Sale agreement description					the Company paid to News America Marketing In-Store, L.L.C. (“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.

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Income Taxes
Income tax benefit (expense)	$ 10,000	$ 11,000	$ 23,000	$ (211,000)
Income tax rate, percentage	(1.10%)	(0.60%)	(1.40%)	7.10%
Valuation allowance against NOLs deferred tax assets			$ 2,586,000		$ 1,946,000
Refunds of federal taxes paid period					5 years
Deferred tax asset valuation allowance					$ 215,000
Unrecognized tax benefits	$ 694,000		694,000		677,000
Discrete tax benefit			215,000		17,000
Tax recognized amount					$ 650,000
Unrecognized tax benefits recognized effective income tax rates of future periods	$ 694,000		$ 694,000

Concentrations (Details Narrati

Concentrations (Details Narrative)	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Accounts Receivable | Customer One
Customer's concentration risk percentage	17.00%		14.00%
Accounts Receivable | Customer Two
Customer's concentration risk percentage	17.00%		10.00%
Total Net Sales | Customer One
Customer's concentration risk percentage	15.00%	19.00%
Total Net Sales | Customer Three
Customer's concentration risk percentage	11.00%
Total Net Sales | Customer Two
Customer's concentration risk percentage	12.00%

Loan (Details Narrative)

Loan (Details Narrative)	1 Months Ended	6 Months Ended
	Apr. 30, 2020USD ($)integer	Jun. 30, 2021USD ($)
Loan (Details Narrative)
Debt face amount		$ 1,054,000
Rate of interest per annum	1.00%
Laon maturity date	Apr. 22, 2022
Number of monthly payments of principal and interest | integer	18
Accrued interest		$ 8,000
Paycheck protection program loan amount	$ 1,054,000

Subsequent Event (Details Narra

Subsequent Event (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2021	Sep. 30, 2021	Dec. 31, 2020
Right-of-use asset	$ 29,000		$ 37,000
July 2021
Lease monthly payments	$ 8,300
Lease term	3 years
Subsequent Event
Right-of-use asset		$ 183,000
Lease liability		$ 183,000