FG (FGH) 10-Q 7 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 31, 2017
Document And Entity Information
Entity Registrant Name	BALLANTYNE STRONG, INC.
Entity Central Index Key	946,454
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		14,416,040
Trading Symbol	BTN
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,017

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 4,049	$ 7,596
Accounts receivable (net of allowance for doubtful accounts of $1,767 and $1,097, respectively)	15,465	16,316
Inventories:
Raw materials and components, net	1,290	1,341
Work in process	395	247
Finished goods, net	5,295	4,975
Total inventories, net	6,980	6,563
Recoverable income taxes	431	672
Other current assets	1,703	1,746
Current assets held for sale		188
Total current assets	28,628	33,081
Property, plant and equipment (net of accumulated depreciation of $8,529 and $7,066 respectively)	11,357	11,187
Equity method investments	17,644	13,098
Intangible assets, net	3,973	2,357
Goodwill	957	889
Notes receivable	1,669	1,669
Deferred income taxes		84
Other assets	170	74
Total assets	64,398	62,439
Current liabilities:
Accounts payable	6,301	5,175
Accrued expenses	3,686	4,097
Short-term debt	500
Current portion of long-term debt	64
Customer deposits/deferred revenue	3,057	4,211
Income tax payable	15	108
Current liabilities held for sale		57
Total current liabilities	13,623	13,648
Long-term debt, net of current portion	1,884
Deferred revenue	1,214	1,226
Deferred income taxes	2,522	1,841
Other accrued expenses, net of current portion	398	570
Total liabilities	19,641	17,285
Stockholders' equity:
Preferred stock, par value $.01 per share; authorized 1,000 shares, none outstanding
Common stock, par value $.01 per share; authorized 25,000 shares; issued 17,216 and 17,047 shares at September 30, 2017 and December 31, 2016, respectively; 14,422 and 14,268 shares outstanding at September 30, 2017 and December 31, 2016, respectively	169	169
Additional paid-in capital	40,364	39,758
Accumulated other comprehensive income (loss):
Foreign currency translation	(4,202)	(5,709)
Postretirement benefit obligations	97	97
Unrealized gain on available-for-sale securities of equity method investment	351	136
Retained earnings	26,564	29,187
Treasury stock before, cost	63,343	63,638
Less 2,794 and 2,779 of common shares in treasury, at cost at September 30, 2017 and December 31, 2016, respectively	(18,586)	(18,484)
Total stockholders' equity	44,757	45,154
Total liabilities and stockholders' equity	$ 64,398	$ 62,439

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 1,767	$ 1,097
Property, plant and equipment, accumulated depreciation	$ 8,529	$ 7,066
Preferred stock par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares outstanding
Common stock par value	$ 0.01	$ 0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	17,216,000	17,047,000
Common stock, shares outstanding	14,422,000	14,268,000
Common shares in treasury, shares	2,794,000	2,779,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Net product sales	$ 12,808	$ 13,071	$ 38,302	$ 39,668
Net service revenues	6,751	5,597	18,583	16,672
Total net revenues	19,559	18,668	56,885	56,340
Cost of products sold	10,112	11,172	30,929	31,210
Cost of services	4,128	3,119	10,923	9,368
Total cost of revenues	14,240	14,291	41,852	40,578
Gross profit	5,319	4,377	15,033	15,762
Selling and administrative expenses:
Selling	1,298	1,128	4,207	3,302
Administrative	3,473	2,992	11,706	9,127
Total selling and administrative expenses	4,771	4,120	15,913	12,429
Income (loss) from operations	548	257	(880)	3,333
Other (expense) income:
Interest income		59	18	99
Interest expense	(51)	(41)	(84)	(81)
Foreign currency transaction (loss) gain	(306)	23	(410)	(982)
Change in value of marketable securities		(34)		(400)
Excess distribution from joint venture				502
Other (expense) income, net	(35)	(7)	(24)	36
Total other expense	(392)		(500)	(826)
Earnings (loss) before income taxes and equity method investment (loss) income	156	257	(1,380)	2,507
Income tax expense	440	748	2,709	2,085
Equity method investment (loss) income	(753)	29	1,516	70
Net (loss) earnings from continuing operations	(1,037)	(462)	(2,573)	492
Net loss from discontinued operations, net of tax		(8)	(49)	(742)
Net loss	$ (1,037)	$ (470)	$ (2,622)	$ (250)
Net (loss) earnings per share - basic
Net (loss) earnings from continuing operations	$ (0.07)	$ (0.03)	$ (0.18)	$ 0.03
Net loss from discontinued operations		0	0	(0.05)
Net loss	(0.07)	(0.03)	(0.18)	(0.02)
Net (loss) earnings per share - diluted
Net (loss) earnings from continuing operations	(0.07)	(0.03)	(0.18)	0.03
Net loss from discontinued operations		0	0	(0.05)
Net loss	$ (0.07)	$ (0.03)	$ (0.18)	$ (0.02)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Net loss	$ (1,037)	$ (470)	$ (2,622)	$ (250)
Currency translation adjustment:
Unrealized net change arising during period	689	(297)	1,507	1,328
Unrealized gain on available-for-sale securities of equity method investments, net of tax	34	41	215	62
Total other comprehensive income (loss)	723	(256)	1,722	1,390
Comprehensive (loss) income	$ (314)	$ (726)	$ (900)	$ 1,140

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net loss	$ (2,622)	$ (250)
Net loss from discontinued operations, net of tax	(49)	(742)
Net (loss) earnings from continuing operations	(2,573)	492
Adjustments to reconcile net (loss) earnings from continuing operations to net cash used in operating activities:
Provision for doubtful accounts	712	1
Provision for obsolete inventory	(160)	(101)
Provision for warranty	319	260
Depreciation and amortization	1,563	1,658
Equity method investment income	(1,516)	(70)
Excess distribution from joint venture		(502)
Unrealized loss on marketable securities		400
Deferred income taxes	715	(195)
Stock-based compensation expense	498	357
Changes in operating assets and liabilities:
Accounts receivable	385	(439)
Inventories	(134)	(733)
Other current assets	(41)	113
Accounts payable	1,197	(205)
Accrued expenses	(763)	348
Customer deposits/deferred revenue	(1,204)	(233)
Current income taxes	174	(1,708)
Other assets	(85)	32
Net cash flows from operating activities - continuing operations	(913)	(525)
Net cash flows from operating activities - discontinued operations	(147)	(1,624)
Net cash used in operating activities	(1,060)	(2,149)
Cash flows from investing activities:
Purchase of equity securities	(2,525)	(4,107)
Dividends received from investee in excess of cumulative earnings	230	206
Capital expenditures	(2,949)	(1,102)
Proceeds from sale of business	60
Net cash used in investing activities - continuing operations	(5,184)	(5,003)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	2,000
Proceeds from issuance of short-term debt	500
Payment of debt issuance costs	(46)
Principal payments on long-term debt	(17)
Purchase of treasury stock	(102)	(155)
Proceeds from exercise of stock options	71	100
Payments on capital lease obligations	(188)	(239)
Excess tax benefits from stock-based arrangement		6
Net cash provided by (used in) financing activities - continuing operations	2,218	(288)
Effect of exchange rate changes on cash and cash equivalents - continuing operations	304	763
Effect of exchange rate changes on cash and cash equivalents - discontinued operations		(120)
Net decrease in cash and cash equivalents	(3,722)	(6,797)
Discontinued operations activity included above:
Add: Cash balance included in assets held for sale at beginning of period	175	4,208
Less: Cash balance included in assets held for sale at end of period		(1,439)
Cash and cash equivalents at beginning of period	7,596	17,862
Cash and cash equivalents at end of period	$ 4,049	$ 13,834

Nature of Operations

Nature of Operations	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	1. Nature of Operations Ballantyne Strong, Inc. (“Ballantyne” or the “Company”), a Delaware corporation, is a holding company with diverse business activities focused on serving the cinema, retail, financial and government markets. The Company, and its wholly owned subsidiaries Strong Technical Services, Inc., Strong/MDI Screen Systems, Inc. (“Strong/MDI”), Convergent Corporation, and Convergent Media Systems Corporation (“Convergent” or “CMS”), design, integrate and install technology solutions for a broad range of applications; develop and deliver out-of-home messaging, advertising and communications; manufacture projection screens; and provide managed services including monitoring of networked equipment to our customers. On November 4, 2016, Strong Westrex (Beijing) Technology Inc. (“SWBTI”), a subsidiary of Strong Westrex, Inc. (“SWI”), was sold, and on May 17, 2017, SWI was sold (see Note 2). The Company’s products are distributed to the retail, financial, government and cinema markets throughout the world.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	2. Discontinued Operations On June 23, 2016, the Company’s Board of Directors approved a plan to pursue a sale of the operations conducted by its subsidiaries SWBTI and SWI (the “China Operations”) which have historically been included in the Cinema segment. The purpose of the plan was to focus the efforts of the Company on the business units that have opportunities for higher return on invested capital. We reflected the results of the China Operations as discontinued operations for all periods presented. The assets and liabilities of the China Operations have been reclassified as assets and liabilities held for sale in the condensed consolidated balance sheets for all periods presented. On November 4, 2016, the Company sold SWBTI to GABO Filter, Inc. for total proceeds of $0.4 million. On May 17, 2017, SWI was sold for total proceeds of $0.1 million. The Company recorded an insignificant gain on the sale of SWI. The summary comparative financial results of discontinued operations were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Total net revenues $ — $ 583 $ 24 $ 6,440 Total cost of revenues — 436 48 6,227 Total selling and administrative expenses — 157 53 863 Loss from operations of discontinued operations — (10 ) (77 ) (650 ) Loss before income taxes — (8 ) (49 ) (628 ) Income tax expense — - - (114 ) Net loss from discontinued operations, net of tax $ — $ (8 ) $ (49 ) $ (742 ) Depreciation and amortization related to discontinued operations was immaterial for the three and nine month periods ended September 30, 2017 and 2016. There were no capital expenditures related to discontinued operations for the nine months ended September 30, 2017 and 2016.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	3. Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and all majority owned and controlled domestic and foreign subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated financial statements included in this report are presented in accordance with the requirements of Form 10-Q and consequently do not include all of the disclosures normally required by accounting principles generally accepted in the United States of America for annual reporting purposes or those made in the Company’s Annual Report on Form 10-K/A. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2016. The condensed consolidated balance sheet as of December 31, 2016 was derived from the Company’s audited consolidated balance sheet as of that date. All other condensed consolidated financial statements contained herein are unaudited and, in the opinion of management, reflect all adjustments of a normal recurring nature necessary to present a fair statement of the financial position and the results of operations and cash flows for the respective interim periods. The results for interim periods are not necessarily indicative of trends or results expected for a full year. During the second quarter of 2017, the Company began classifying software in development as an intangible asset rather than property, plant and equipment, to be consistent with its classification of software assets in service. Accordingly, approximately $0.5 million of software in development at December 31, 2016 was reclassified to intangible assets from property, plant and equipment on the condensed consolidated balance sheet to conform to the current period presentation. This reclassification had no effect on the Company’s reported results of operations, comprehensive income, or cash flows. Use of Management Estimates The preparation of condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results and changes in facts and circumstances may alter such estimates and affect results of operations and financial position in future periods. Marketable Securities For the nine months ended September 30, 2016, the Company’s marketable securities were comprised of investments in the common stock of a publicly traded company. Changes in fair value, based on the market price of the investee’s stock, were recognized in other income in the condensed consolidated statement of operations. The Company used the fair value option to account for the investment to more appropriately recognize the value of this investment in our condensed consolidated financial statements since the Company did not exert significant influence over the investment, in which case the equity method of accounting would have been applied. None of the Company’s investments were classified as marketable securities or accounted for using the fair value option during the nine months ended September 30, 2017. Equity Method Investments We apply the equity method of accounting to investments when we have significant influence, but not controlling interest in the investee. Judgment regarding the level of influence over each equity method investment includes considering key factors such as ownership interest, representation on the board of directors, participation in policy-making decisions and material intercompany transactions. The Company’s proportionate share of the net (loss) income resulting from these investments is reported under the line item captioned “equity method investment (loss) income” in our condensed consolidated statements of operations. The carrying value of our equity method investments is reported in equity method investments in the condensed consolidated balance sheets. The Company’s equity method investments are reported initially at cost and adjusted each period for the Company’s share of the investee’s income or loss and dividend paid, if any. The Company’s share of the investee’s income or loss is recorded on a one quarter lag for all equity method investments. The Company classifies distributions received from equity method investments using the cumulative earnings approach on the condensed consolidated statements of cash flows. The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. The Company did not record any impairments related to its investments during the three and nine month periods ended September 30, 2017 or 2016. Note 5 contains additional information on our equity method investments, which are held by the Company’s Cinema segment. Fair Value of Financial Instruments Assets and liabilities measured at fair value are categorized into a fair value hierarchy based upon the observability of inputs to the valuation of an asset or liability as of the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. The categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories: ● Level 1 - inputs to the valuation techniques are quoted prices in active markets for identical assets or liabilities ● Level 2 - inputs to the valuation techniques are other than quoted prices but are observable for the assets or liabilities, either directly or indirectly ● Level 3 - inputs to the valuation techniques are unobservable for the assets or liabilities The following tables present the Company’s financial assets measured at fair value based upon the level within the fair value hierarchy in which the fair value measurements fall, as of September 30, 2017 and December 31, 2016. Fair values measured on a recurring basis at September 30, 2017 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 4,049 $ — $ — $ 4,049 Notes receivable - — 1,669 $ 1,669 Total $ 4,049 $ — $ 1,669 $ 5,718 Fair values measured on a recurring basis at December 31, 2016 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 7,596 $ — $ — $ 7,596 Notes receivable - — 1,669 $ 1,669 Total $ 7,596 $ — $ 1,669 $ 9,265 Quantitative information about the Company’s level 3 fair value measurements at September 30, 2017 is set forth below: Fair value at 9/30/17 (in thousands) Valuation technique Unobservable input Range Notes receivable $ 1,669 Discounted cash flow Probability of default 50 % Discount rate 18 % The notes receivable are recorded at estimated fair value at September 30, 2017. The significant unobservable inputs used in the fair value measurement of the Company’s notes receivable are discount rate and probability of default. Significant increases (decreases) in any of these inputs in isolation would result in a significantly lower (higher) fair value measurement. There were no changes in the fair value of the Company’s notes receivable recorded during the three and nine months ended September 30, 2017 or 2016. The Company’s short-term and long-term debt is recorded at historical cost. As of September 30, 2017, the Company’s long-term debt, including current maturities, had a carrying value of $1.95 million. Based on discounted cash flows using current quoted interest rates (Level 2 of the fair value hierarchy), the estimated fair value at September 30, 2017 was $1.96 million. The carrying values of other financial assets and liabilities, including accounts receivable, accounts payable, accrued expenses and short-term debt, reported in the condensed consolidated balance sheets equal or approximate their fair values due to the short-term nature of these instruments. Note 5 includes fair value information related to our equity method investments. All non-financial assets that are not recognized or disclosed at fair value in the financial statements on a recurring basis, which includes non-financial long-lived assets, are measured at fair value in certain circumstances (for example, when there is evidence of impairment). During the nine months ended September 30, 2017, the Company did not have any significant non-recurring measurements of non-financial assets or liabilities. Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (Topic 606)”. ASU 2014-09 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The guidance is effective for the Company beginning January 1, 2018. An entity may adopt this ASU either retrospectively or through a cumulative effect adjustment (modified retrospective method) as of the start of the first period for which it applies the ASU. The Company has obtained an understanding of ASU 2014-09 and has been analyzing the impact of the new standard on its financial results. The Company has completed a high-level assessment of the performance obligations within its contracts for its major products and services and is assessing potential impacts to its internal processes, control environment and disclosures. The Company expects to adopt this ASU using the modified retrospective method as of January 1, 2018. While the Company has not yet quantified the impact that the adoption of ASU 2014-09 will have on the consolidated financial statements, the Company is continuing to evaluate the impact of the new standard on our financial results and other possible impacts. The Company will continue to provide enhanced disclosures as we complete our assessment. In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory”. ASU 2015-11 requires an entity utilizing the first in-first out inventory method to change their measurement principle for inventory changes from the lower of cost or market to lower of cost or net realizable value. The Company prospectively adopted the guidance effective January 1, 2017. The adoption of ASU 2015-11 did not have a material effect on the Company’s consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities”. ASU 2016-01 requires equity investments that do not result in consolidation and are not accounted under the equity method to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments; requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets on the balance sheet or the accompanying notes to the financial statements; clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets; and modifies certain fair value disclosure requirements. ASU 2016-01 is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is not permitted. The adoption of ASU 2016-01 is not expected to have a material effect on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. ASU 2016-02 requires lessees to recognize a lease liability and a right-to-use asset for all leases, including operating leases with a term greater than twelve months, on its balance sheet. This ASU is effective in fiscal years beginning after December 15, 2018, with early adoption permitted, and requires a modified retrospective transition method. The Company is evaluating the requirements of ASU 2016-02 and its potential impact on the Company’s financial statements. The Company has leases primarily for property and equipment and is in the process of identifying and evaluating these leases for purposes of ASU 2016-02. For each of these leases, the term will be evaluated, including extension and renewal options as well as the lease payments. While the Company has not yet quantified the impact that the adoption of ASU 2016-02 will have on its consolidated financial statements, the Company expects to record assets and liabilities on its balance sheet upon adoption of this standard, which may be material. The Company will continue to provide enhanced disclosures as it continues its assessment. In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. ASU 2016-09 simplifies accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, and certain classifications on the statement of cash flows. The Company adopted the guidance effective January 1, 2017 on a prospective basis. Additionally, as required by ASU 2016-09, when calculating diluted earnings per share, excess tax benefits were excluded from the calculation of assumed proceeds since such amounts are recognized in the income statement. The Company applied the cash flow presentation requirements prospectively, and the 2016 statement of cash flows was not adjusted. ASU 2016-09 also allows an entity to elect as an accounting policy either to estimate the total number of awards for which the requisite service period will not be rendered or to account for forfeitures for service-based awards as they occur. The Company has elected to account for forfeitures as they occur. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This ASU will require the measurement of all expected credit losses for financial assets, including trade receivables, held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The guidance is effective for annual reporting periods beginning after December 15, 2019 and interim periods within those fiscal years. The Company believes its adoption will not significantly impact the Company’s results of operations and financial position. In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which eliminates the diversity in practice related to eight cash flow classification issues. The Company adopted this ASU in the first quarter of 2017 on a prospective basis. Adoption affected the classification of dividends received from equity method investees on the statement of cash flows, but did not have any other impact. In January 2017, the FASB issued ASU 2017-04, “Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”. The new guidance eliminates Step 2 of the goodwill impairment testing which requires the fair value of individual assets and liabilities of a reporting unit to be determined when measuring goodwill impairment. The new guidance may result in different amounts of impairment that could be recognized compared to existing guidance. In addition, failing step 1 of the impairment test, where the carrying value of a reporting unit is compared to its fair value, may not result in impairment under existing guidance. However, under the revised guidance, failing step 1 will always result in a goodwill impairment. ASU 2017-04 is to be applied prospectively for goodwill impairment testing performed in years beginning after December 15, 2019. The Company does not believe the adoption will significantly impact the Company’s results of operations or financial position. In May 2017, the FASB issued ASU 2017-09, “Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting.” The new guidance describes the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting. The guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within those fiscal years. The Company believes its adoption will not significantly impact the Company’s results of operations and financial position.

(Loss) Earnings Per Common Shar

(Loss) Earnings Per Common Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
(Loss) Earnings Per Common Share	4. (Loss) Earnings Per Common Share Basic (loss) earnings per share has been computed on the basis of the weighted average number of shares of common stock outstanding. Diluted (loss) earnings per share has been computed on the basis of the weighted average number of shares of common stock outstanding after giving effect to potential common shares from dilutive stock options and certain non-vested shares of restricted stock. The following table provides the reconciliation between average shares used to compute basic and diluted (loss) earnings per share: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Weighted average shares outstanding (in thousands): Basic weighted average shares outstanding 14,310 14,249 14,279 14,225 Dilutive effect of stock options and certain non-vested shares of restricted stock — — — 86 Diluted weighted average shares outstanding 14,310 14,249 14,279 14,311 For each of the three and nine month periods ended September 30, 2017, options to purchase 470,000 shares of common stock were outstanding but were not included in the computation of diluted loss per share as the option’s exercise price was greater than the average market price of the common shares for each period. An additional 115,754 and 154,161 common stock equivalents related to options and restricted stock awards were excluded for the three and nine months ended September 30, 2017, respectively, as their inclusion would be anti-dilutive, thereby decreasing the net losses per share. For the three and nine month periods ended September 30, 2016, options to purchase 350,000 and 363,700 shares of common stock, respectively, were outstanding but were not included in the computation of diluted earnings per share as the option’s exercise price was greater than the average market price of the common shares for the respective periods. An additional 65,937 and 85,618 common stock equivalents related to options and restricted stock awards were excluded from the calculation of diluted net loss per share for the three and nine months ended September 30, 2016, respectively, as their inclusion would be anti-dilutive, thereby decreasing the net losses per share.

Equity Method Investments

Equity Method Investments	9 Months Ended
	Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	5. Equity Method Investments The following summarizes our equity method investments: September 30, 2017 December 31, 2016 (dollars in thousands) Entity Carrying Amount Economic Interest Carrying Amount Economic Interest RELM Wireless Corporation $ 4,448 8.3 % $ 4,382 8.3 % Itasca Capital, Ltd. 5,097 32.3 % 3,368 32.3 % 1347 Property Insurance Holdings, Inc. 8,099 17.4 % 5,348 12.1 % Total $ 17,644 $ 13,098 The following summarizes the (loss) income of equity method investees reflected in the Statement of Operations (in thousands): Three Months Ended September 30, Nine Months Ended September 30, Entity 2017 2016 2017 2016 RELM Wireless Corporation $ 109 $ 114 $ 12 $ 155 Itasca Capital, Ltd. (1,023 ) (85 ) 1,289 (85 ) 1347 Property Insurance Holdings, Inc. 161 — 215 — Total $ (753 ) $ 29 $ 1,516 $ 70 RELM Wireless Corporation (“RELM”) is a publicly traded company that designs, manufactures and markets two-way land mobile radios, repeaters, base stations and related components and subsystems. The Company’s Chief Executive Officer is chairman of the board of directors of RELM, and controls entities that, when combined with the Company’s ownership in RELM, own greater than 20% of RELM, providing the Company with significant influence over RELM, but not controlling interest. The Company received dividends of $0.2 million and $0 for the nine month periods ended September 30, 2017 and 2016, respectively. Based on quoted market prices, the market value of the Company’s ownership in RELM was $4.1 million at September 30, 2017. Itasca Capital, Ltd. (“Itasca”) is a publicly traded Canadian company that is an investment vehicle seeking transformative strategic investments. The Company’s Chief Executive Officer is a member of the board of directors of Itasca. This board seat, combined with the Company’s 32.3% ownership of Itasca, provide the Company with significant influence over Itasca, but not controlling interest. The Company did not receive dividends from Itasca during the nine month periods ended September 30, 2017 or 2016. Based on quoted market prices, the market value of the Company’s ownership in Itasca was $3.9 million at September 30, 2017. As of December 31, 2016, the Company owned 12.1% of 1347 Property Insurance Holdings, Inc. (“PIH”) and purchased shares increasing its ownership to 17.4% during the nine months ended September 30, 2017 for an additional $2.5 million. PIH is a publicly traded company that provides property and casualty insurance in the States of Louisiana, Texas and Florida. The Company’s Chief Executive Officer was named to the board of directors of PIH in December 2016. This board seat and the Chief Executive Officer’s control of other entities that own shares of PIH, combined with the Company’s 17.4% ownership of PIH, provide the Company with significant influence over PIH, but not controlling interest. The Company did not receive dividends from PIH during the nine month periods ended September 30, 2017 or 2016. Based on quoted market prices, the market value of the Company’s ownership in PIH was $8.0 million at September 30, 2017. As of September 30, 2017, our retained earnings included undistributed earnings from our equity method investees of $1.2 million. The summarized financial information presented below reflects the financial information of the Company’s significant equity method investee, Itasca, for the nine months ended June 30, 2017, consistent with the Company’s recognition of the results of its equity method investments on a one-quarter lag. The summarized financial information is presented only for the periods when the Company owned its investment. For the nine months ended June 30, 2017 (in thousands) Revenue $ — Gross profit $ — Operating loss from continuing operations $ (172 ) Net income $ 4,253 (1) (1) Net income primarily related to unrealized gains on investments.

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	6. Intangible Assets Intangible assets consisted of the following at September 30, 2017: Useful life Gross Accumulated Amortization Net (Years) (In thousands) Intangible assets not yet subject to amortization: Software in development $ 1,633 $ — $ 1,633 Intangible assets subject to amortization: Software in service 5 2,621 (430 ) 2,191 Product formulation 10 489 (340 ) 149 Total $ 4,743 $ (770 ) $ 3,973 Intangible assets consisted of the following at December 31, 2016: Useful life Gross Accumulated Amortization Net (Years) (In thousands) Intangible assets not yet subject to amortization: Software in development $ 508 $ — $ 508 Intangible assets subject to amortization: Software in service 5 1,764 (93 ) 1,671 Product formulation 10 454 (276 ) 178 Total $ 2,726 $ (369 ) $ 2,357 Amortization expense relating to intangible assets was $0.4 million and insignificant, respectively, for the nine months ended September 30, 2017 and 2016. The following table shows the Company’s estimated future amortization expense related to intangible assets currently subject to amortization for the next five years. Amount (in thousands) Remainder 2017 $ 150 2018 589 2019 577 2020 568 2021 431 Thereafter 25 Total $ 2,340

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	7. Goodwill The following represents a summary of changes in the Company’s carrying amount of goodwill for the nine months ended September 30, 2017 (in thousands): Balance as of December 31, 2016 $ 889 Foreign currency translation 68 Balance as of September 30, 2017 $ 957

Warranty Reserves

Warranty Reserves	9 Months Ended
	Sep. 30, 2017
Guarantees and Product Warranties [Abstract]
Warranty Reserves	8. Warranty Reserves In most instances, the Company’s digital projection products are covered by the manufacturing firm’s original warranty; however, for certain customers the Company may grant warranties in excess of the manufacturer’s warranty for digital products. In addition, the Company provides warranty coverage on screens it manufactures. The Company accrues for these costs at the time of sale. The following table summarizes warranty activity for the three and nine months ended September 30, 2017 and 2016: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (in thousands) Warranty accrual at beginning of period $ 457 $ 380 $ 645 $ 310 Charged to expense 162 430 337 778 Claims paid, net of recoveries (38 ) (194 ) (410 ) (475 ) Foreign currency adjustment 3 1 12 4 Warranty accrual at end of period $ 584 $ 617 $ 584 $ 617

Debt

Debt	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Debt	9. Debt The Company’s long-term debt consists of the following (in thousands): September 30, 2017 December 31, 2016 $2 million term loan $ 1,983 $ — Less: current portion (64 ) — Less: unamortized debt issuance costs (35 ) — Long-term debt $ 1,884 $ — On April 27, 2017, the Company entered into a debt agreement with a bank consisting of 1) a $2 million five-year term loan secured by a first lien deed of trust on the Company’s Alpharetta, GA facility, bearing interest at a fixed rate of 4.5% and payable in equal monthly installments of principal and interest calculated based on a 20-year amortization schedule with a final balloon payment of approximately $1.7 million due on May 10, 2022 and 2) a line of credit of up to $1 million secured by a second lien deed of trust on the Company’s Alpharetta, GA facility, bearing interest at the Prime Rate published in the Wall Street Journal plus 0.25% and with a term ending May 10, 2018. The debt agreement requires the Company to maintain a ratio of total liabilities to tangible net worth not in excess of 3:1 and maintain minimum liquidity of $2 million. The Company was in compliance with its debt covenants as of September 30, 2017. The Company had outstanding borrowings on the line of credit as of September 30, 2017 of $0.5 million, which is classified as short-term debt on the condensed consolidated balance sheet. The Company’s Chairman and Chief Executive Officer is also a member of the bank’s board of directors. On September 5, 2017, the Company’s Canadian subsidiary, Strong/MDI, entered into a demand credit agreement with a bank consisting of a revolving line of credit for up to CDN$3.5 million (approximately USD$2.8 million) subject to a borrowing base requirement, a 20-year installment loan for up to CDN$6.0 million (approximately USD$4.8 million) and a 5-year installment loan for up to CDN$500,000 (approximately USD$400,000). Amounts outstanding under the line of credit are payable on demand and will bear interest at the prime rate established by the lender. Amounts outstanding under the installment loans will bear interest at the prime rate plus 0.5% and are payable in monthly installments, including interest, over their respective borrowing periods. The lender may also demand repayment of the installment loans at any time. The Strong/MDI credit facilities are secured by a lien on Strong/MDI’s Quebec, Canada facility and substantially all of Strong/MDI’s assets. The credit agreement requires Strong/MDI to maintain a ratio of liabilities to “effective equity” (tangible stockholders’ equity, less amounts receivable from affiliates and equity method investments) not exceeding 2 to 1, a current ratio (excluding amounts due from related parties) of at least 1.5 to 1 and minimum “effective equity” of CDN$8.0 million (approximately USD$6.4 million). There were no borrowings outstanding at September 30, 2017 on any of the Strong/MDI credit facilities, as Strong/MDI had not yet drawn on the facilities. Strong/MDI was in compliance with its debt covenants as of September 30, 2017. Scheduled repayments are as follows for the Company’s long-term debt outstanding as of September 30, 2017 (in thousands): Remainder of 2017 $ 16 2018 65 2019 68 2020 70 2021 74 Thereafter 1,690 Total $ 1,983

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	10. Income Taxes In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. The Company considers the scheduled reversal of taxable temporary differences, projected future taxable income and tax planning strategies in making this assessment. A cumulative loss in a particular tax jurisdiction in recent years is a significant piece of evidence with respect to the realizability that is difficult to overcome. Based on the available objective evidence, including recent updates to the taxing jurisdictions generating income, the Company concluded that a valuation allowance should be recorded against all of the Company’s U.S. tax jurisdiction deferred tax assets as of September 30, 2017 and December 31, 2016. The Company is subject to examination for Federal purposes for fiscal years 2014, 2015 and 2016. In most cases, the Company is subject to examinations by state or local jurisdictions based on the particular jurisdiction’s statute of limitations.

Stock Compensation

Stock Compensation	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Compensation	11. Stock Compensation The Company recognizes compensation expense for all stock-based payment awards made to employees and directors based on their estimated grant date fair values. Stock-based compensation expense included in selling and administrative expenses approximated $0.2 million and $0.1 million for the three months ended September 30, 2017 and 2016, respectively, and $0.5 million and $0.4 million, respectively, for the nine months ended September 30, 2017 and 2016, respectively. Equity Compensation Plans The Company’s 2010 Long-Term Incentive Plan (“2010 Plan”) provided the Compensation Committee of the Board of Directors with the discretion to grant stock options, stock appreciation rights, restricted shares, restricted stock units, performance shares and performance units. Vesting terms varied with each grant and could be subject to vesting upon a “change in control” of the Company. The Ballantyne Strong, Inc. 2014 Non-Employee Directors’ Restricted Stock Plan (the “2014 Non-Employee Plan”) provided for the award of restricted shares to outside directors. Shares issued under the 2014 Non-Employee Plan vested the day preceding the Company’s Annual Meeting of Stockholders in the year following issuance. The 2010 Plan and the 2014 Non-Employee Plan were replaced during the second quarter of 2017 by the 2017 Omnibus Equity Compensation Plan (“2017 Plan”), and therefore, no additional awards will be granted under the 2010 Plan or the 2014 Non-Employee Plan. The 2017 Plan was approved by the Company’s shareholders at the annual meeting on June 15, 2017, and provides the Compensation Committee of the Board of Directors with the discretion to grant stock options, stock appreciation rights, restricted shares, restricted stock units, performance shares, performance units and other share-based awards and cash-based awards. Vesting terms vary with each grant and may be subject to vesting upon a “change in control” of the Company. The total number of shares reserved for issuance under the 2017 Plan is 1,371,189 shares. Options The Company granted a total of 435,000 and 100,000 options during the nine month periods ended September 30, 2017 and 2016, respectively. Options to purchase shares of common stock were granted with exercise prices equal to the fair value of the common stock on the date of grant. The weighted average grant date fair value of stock options granted during the nine month periods ended September 30, 2017 and 2016 was $2.42 and $1.42, respectively. The fair value of each stock option granted was estimated on the date of grant using a Black-Scholes valuation model with the following weighted average assumptions: 2017 2016 Expected dividend yield at date of grant 0.00 % 0.00 % Risk-free interest rate 1.99 % 1.35 % Expected stock price volatility 34.85 % 32.26 % Expected life of options (in years) 6.0 5.7 The risk-free interest rate assumptions were based on the U.S. Treasury yield curve in effect at the time of the grant. During 2017, the expected volatility was based on historical daily price changes of the Company’s stock for six years prior to the date of grant. During 2016, the Company used a one year period to calculate volatility, but updated this assumption in the current year to align the expected volatility with the expected life of the options. The expected life of options is the average number of years the Company estimates that options will be outstanding. The following table summarizes stock option activity for the nine months ended September 30, 2017: Number of Options Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in thousands) Outstanding at December 31, 2016 545,300 $ 4.78 9.68 $ 1,757 Granted 435,000 6.53 Exercised (15,000 ) 4.70 Forfeited (33,000 ) 6.09 Expired (2,000 ) 4.33 Outstanding at September 30, 2017 930,300 $ 5.63 8.99 $ 759 Exercisable at September 30, 2017 145,300 $ 4.31 8.08 $ 260 The aggregate intrinsic value in the table above represents the total that would have been received by the option holders if all in-the-money options had been exercised and sold on September 30, 2017. As of September 30, 2017, 785,000 stock option awards were non-vested. Unrecognized compensation cost related to stock option awards was approximately $1.5 million, which is expected to be recognized over a weighted average period of 4.1 years. Restricted Stock The Company estimates the fair value of restricted stock awards based upon the market price of the underlying common stock on the date of grant. As of September 30, 2017, the total unrecognized compensation cost related to non-vested restricted stock awards was approximately $0.6 million, which is expected to be recognized over a weighted average period of 1.9 years. The following table summarizes restricted share activity for the nine months ended September 30, 2017: Number of Restricted Stock Shares Weighted Average Grant Price Fair Value Non-vested at December 31, 2016 58,295 $ 4.77 Granted 85,000 6.50 Shares vested (43,295 ) 4.92 Shares forfeited - 4.21 Non-vested at September 30, 2017 100,000 $ 6.17 The following table summarizes restricted stock unit activity for the nine months ended September 30, 2017: Number of Restricted Stock Units Weighted Average Grant Price Fair Value Non-vested at December 31, 2016 13,750 $ 4.24 Granted 30,835 6.81 Shares vested (6,875 ) 4.24 Shares forfeited (1,875 ) 4.21 Non-vested at September 30, 2017 35,835 $ 6.45

Commitments, Contingencies and

Commitments, Contingencies and Concentrations	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Concentrations	12. Commitments, Contingencies and Concentrations Litigation In the ordinary course of business operations, we are involved, from time to time, in certain legal disputes. No such disputes, individually or in the aggregate, are expected to have a material effect on our business or financial condition. Concentrations The Company’s top ten customers accounted for approximately 53.7% and 50.1% of total consolidated net revenues for the three and nine months ended September 30, 2017, respectively. Trade accounts receivable from these customers represented approximately 41.2% of net consolidated receivables at September 30, 2017. While the Company believes its relationships with such customers are stable, most arrangements are made by purchase order and are terminable at will by either party. A significant decrease or interruption in business from the Company’s significant customers could have a material adverse effect on the Company’s business, financial condition and results of operations. The Company could also be adversely affected by such factors as changes in foreign currency rates and weak economic and political conditions in each of the countries in which the Company sells its products. Financial instruments that potentially expose the Company to a concentration of credit risk principally consist of accounts receivable. The Company sells product to a large number of customers in many different geographic regions. To minimize credit concentration risk, the Company performs ongoing credit evaluations of its customers’ financial condition. Leases The Company and its subsidiaries lease plant and office facilities, furniture, autos and equipment under operating leases expiring through 2022. These leases generally contain renewal options and the Company expects to renew or replace certain of these leases in the ordinary course of business. The Company’s future minimum lease payments for leases at September 30, 2017 are as follows: Capital Leases Operating Leases (in thousands) Remainder 2017 $ 66 $ 301 2018 251 1,759 2019 116 1,735 2020 - 1,507 2021 - 1,378 Thereafter - 1,066 Total minimum lease payments $ 433 $ 7,746 Less: Amount representing interest (19 ) Present value of minimum lease payments 414 Less: Current maturities (240 ) Capital lease obligations, net of current portion $ 174

Business Segment Information

Business Segment Information	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Business Segment Information	13. Business Segment Information As of September 30, 2017, the Company’s operations were conducted principally through two business segments: Cinema and Digital Media. Cinema operations include the sale of digital projection equipment, screens and sound systems. Digital Media operations include the delivery of end to end digital signage solutions, video communication solutions, content creation and management and service of digital signage and digital cinema equipment. The Company allocates resources to business segments and evaluates the performance of these segments based upon reported segment operating profit. The Company records intersegment sales at cost and has eliminated all significant intersegment sales in consolidation. The results of discontinued operations are excluded from the Cinema segment information below. Summary by Business Segments Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2017 2016 2017 2016 (in thousands) Net revenue Cinema $ 8,681 $ 11,070 $ 27,606 $ 32,085 Digital Media 11,087 7,911 29,518 25,411 Other 13 — 22 — Total segment net revenue 19,781 18,981 57,146 57,496 Eliminations (222 ) (313 ) (261 ) (1,156 ) Total net revenue $ 19,559 $ 18,668 $ 56,885 $ 56,340 Operating income (loss) Cinema $ 2,438 $ 2,205 $ 6,704 $ 8,318 Digital Media 505 (61 ) (205 ) 884 Other (98 ) — (289 ) — Total segment operating income 2,845 2,144 6,210 9,202 Unallocated general and administrative expenses (2,297 ) (1,887 ) (7,090 ) (5,869 ) Other (expense) income Interest, net (51 ) 18 (66 ) 18 Cinema - foreign currency transaction (loss) gain (216 ) 82 (438 ) (958 ) Digital Media - foreign currency transaction (loss) gain (90 ) (59 ) 28 (24 ) Cinema - excess distribution from joint venture - — — 502 Cinema - other (35 ) (5 ) (24 ) 45 Digital Media - other — (2 ) — (9 ) Change in value of marketable securities - Corporate asset — (34 ) — (400 ) Total other expense (392 ) — (500 ) (826 ) Earnings (loss) before income taxes and equity method investment (loss) income $ 156 $ 257 $ (1,380 ) $ 2,507 (In thousands) September 30, 2017 December 31, 2016 Identifiable assets, excluding assets held for sale Cinema $ 26,117 $ 29,881 Digital Media 20,637 19,272 Corporate Assets 17,644 13,098 Total $ 64,398 $ 62,251 Summary by Geographical Area Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2017 2016 2017 2016 Net revenue United States $ 15,349 $ 14,643 $ 44,648 $ 44,184 China 1,646 1,518 4,543 4,316 Latin America 461 377 1,263 1,352 Canada 1,365 1,399 4,372 3,676 Mexico 425 472 1,164 1,816 Europe 250 196 427 788 Asia (excluding China) - 45 216 70 Other 63 18 252 138 Total $ 19,559 $ 18,668 $ 56,885 $ 56,340 (In thousands) September 30, 2017 December 31, 2016 Identifiable assets, excluding assets held for sale United States $ 42,815 $ 40,255 Canada 21,583 21,996 Total $ 64,398 $ 62,251 Net revenues by business segment are to unaffiliated customers. Identifiable assets by geographical area are based on location of facilities. Net sales by geographical area are based on destination of sales.

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and all majority owned and controlled domestic and foreign subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated financial statements included in this report are presented in accordance with the requirements of Form 10-Q and consequently do not include all of the disclosures normally required by accounting principles generally accepted in the United States of America for annual reporting purposes or those made in the Company’s Annual Report on Form 10-K/A. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2016. The condensed consolidated balance sheet as of December 31, 2016 was derived from the Company’s audited consolidated balance sheet as of that date. All other condensed consolidated financial statements contained herein are unaudited and, in the opinion of management, reflect all adjustments of a normal recurring nature necessary to present a fair statement of the financial position and the results of operations and cash flows for the respective interim periods. The results for interim periods are not necessarily indicative of trends or results expected for a full year. During the second quarter of 2017, the Company began classifying software in development as an intangible asset rather than property, plant and equipment, to be consistent with its classification of software assets in service. Accordingly, approximately $0.5 million of software in development at December 31, 2016 was reclassified to intangible assets from property, plant and equipment on the condensed consolidated balance sheet to conform to the current period presentation. This reclassification had no effect on the Company’s reported results of operations, comprehensive income, or cash flows.
Use of Management Estimates	Use of Management Estimates The preparation of condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results and changes in facts and circumstances may alter such estimates and affect results of operations and financial position in future periods.
Marketable Securities	Marketable Securities For the nine months ended September 30, 2016, the Company’s marketable securities were comprised of investments in the common stock of a publicly traded company. Changes in fair value, based on the market price of the investee’s stock, were recognized in other income in the condensed consolidated statement of operations. The Company used the fair value option to account for the investment to more appropriately recognize the value of this investment in our condensed consolidated financial statements since the Company did not exert significant influence over the investment, in which case the equity method of accounting would have been applied. None of the Company’s investments were classified as marketable securities or accounted for using the fair value option during the nine months ended September 30, 2017.
Equity Method Investments	Equity Method Investments We apply the equity method of accounting to investments when we have significant influence, but not controlling interest in the investee. Judgment regarding the level of influence over each equity method investment includes considering key factors such as ownership interest, representation on the board of directors, participation in policy-making decisions and material intercompany transactions. The Company’s proportionate share of the net (loss) income resulting from these investments is reported under the line item captioned “equity method investment (loss) income” in our condensed consolidated statements of operations. The carrying value of our equity method investments is reported in equity method investments in the condensed consolidated balance sheets. The Company’s equity method investments are reported initially at cost and adjusted each period for the Company’s share of the investee’s income or loss and dividend paid, if any. The Company’s share of the investee’s income or loss is recorded on a one quarter lag for all equity method investments. The Company classifies distributions received from equity method investments using the cumulative earnings approach on the condensed consolidated statements of cash flows. The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. The Company did not record any impairments related to its investments during the three and nine month periods ended September 30, 2017 or 2016. Note 5 contains additional information on our equity method investments, which are held by the Company’s Cinema segment.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Assets and liabilities measured at fair value are categorized into a fair value hierarchy based upon the observability of inputs to the valuation of an asset or liability as of the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. The categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories: ● Level 1 - inputs to the valuation techniques are quoted prices in active markets for identical assets or liabilities ● Level 2 - inputs to the valuation techniques are other than quoted prices but are observable for the assets or liabilities, either directly or indirectly ● Level 3 - inputs to the valuation techniques are unobservable for the assets or liabilities The following tables present the Company’s financial assets measured at fair value based upon the level within the fair value hierarchy in which the fair value measurements fall, as of September 30, 2017 and December 31, 2016. Fair values measured on a recurring basis at September 30, 2017 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 4,049 $ — $ — $ 4,049 Notes receivable - — 1,669 $ 1,669 Total $ 4,049 $ — $ 1,669 $ 5,718 Fair values measured on a recurring basis at December 31, 2016 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 7,596 $ — $ — $ 7,596 Notes receivable - — 1,669 $ 1,669 Total $ 7,596 $ — $ 1,669 $ 9,265 Quantitative information about the Company’s level 3 fair value measurements at September 30, 2017 is set forth below: Fair value at 9/30/17 (in thousands) Valuation technique Unobservable input Range Notes receivable $ 1,669 Discounted cash flow Probability of default 50 % Discount rate 18 % The notes receivable are recorded at estimated fair value at September 30, 2017. The significant unobservable inputs used in the fair value measurement of the Company’s notes receivable are discount rate and probability of default. Significant increases (decreases) in any of these inputs in isolation would result in a significantly lower (higher) fair value measurement. There were no changes in the fair value of the Company’s notes receivable recorded during the three and nine months ended September 30, 2017 or 2016. The Company’s short-term and long-term debt is recorded at historical cost. As of September 30, 2017, the Company’s long-term debt, including current maturities, had a carrying value of $1.95 million. Based on discounted cash flows using current quoted interest rates (Level 2 of the fair value hierarchy), the estimated fair value at September 30, 2017 was $1.96 million. The carrying values of other financial assets and liabilities, including accounts receivable, accounts payable, accrued expenses and short-term debt, reported in the condensed consolidated balance sheets equal or approximate their fair values due to the short-term nature of these instruments. Note 5 includes fair value information related to our equity method investments. All non-financial assets that are not recognized or disclosed at fair value in the financial statements on a recurring basis, which includes non-financial long-lived assets, are measured at fair value in certain circumstances (for example, when there is evidence of impairment). During the nine months ended September 30, 2017, the Company did not have any significant non-recurring measurements of non-financial assets or liabilities.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (Topic 606)”. ASU 2014-09 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The guidance is effective for the Company beginning January 1, 2018. An entity may adopt this ASU either retrospectively or through a cumulative effect adjustment (modified retrospective method) as of the start of the first period for which it applies the ASU. The Company has obtained an understanding of ASU 2014-09 and has been analyzing the impact of the new standard on its financial results. The Company has completed a high-level assessment of the performance obligations within its contracts for its major products and services and is assessing potential impacts to its internal processes, control environment and disclosures. The Company expects to adopt this ASU using the modified retrospective method as of January 1, 2018. While the Company has not yet quantified the impact that the adoption of ASU 2014-09 will have on the consolidated financial statements, the Company is continuing to evaluate the impact of the new standard on our financial results and other possible impacts. The Company will continue to provide enhanced disclosures as we complete our assessment. In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory”. ASU 2015-11 requires an entity utilizing the first in-first out inventory method to change their measurement principle for inventory changes from the lower of cost or market to lower of cost or net realizable value. The Company prospectively adopted the guidance effective January 1, 2017. The adoption of ASU 2015-11 did not have a material effect on the Company’s consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities”. ASU 2016-01 requires equity investments that do not result in consolidation and are not accounted under the equity method to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments; requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets on the balance sheet or the accompanying notes to the financial statements; clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets; and modifies certain fair value disclosure requirements. ASU 2016-01 is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is not permitted. The adoption of ASU 2016-01 is not expected to have a material effect on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. ASU 2016-02 requires lessees to recognize a lease liability and a right-to-use asset for all leases, including operating leases with a term greater than twelve months, on its balance sheet. This ASU is effective in fiscal years beginning after December 15, 2018, with early adoption permitted, and requires a modified retrospective transition method. The Company is evaluating the requirements of ASU 2016-02 and its potential impact on the Company’s financial statements. The Company has leases primarily for property and equipment and is in the process of identifying and evaluating these leases for purposes of ASU 2016-02. For each of these leases, the term will be evaluated, including extension and renewal options as well as the lease payments. While the Company has not yet quantified the impact that the adoption of ASU 2016-02 will have on its consolidated financial statements, the Company expects to record assets and liabilities on its balance sheet upon adoption of this standard, which may be material. The Company will continue to provide enhanced disclosures as it continues its assessment. In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. ASU 2016-09 simplifies accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, and certain classifications on the statement of cash flows. The Company adopted the guidance effective January 1, 2017 on a prospective basis. Additionally, as required by ASU 2016-09, when calculating diluted earnings per share, excess tax benefits were excluded from the calculation of assumed proceeds since such amounts are recognized in the income statement. The Company applied the cash flow presentation requirements prospectively, and the 2016 statement of cash flows was not adjusted. ASU 2016-09 also allows an entity to elect as an accounting policy either to estimate the total number of awards for which the requisite service period will not be rendered or to account for forfeitures for service-based awards as they occur. The Company has elected to account for forfeitures as they occur. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This ASU will require the measurement of all expected credit losses for financial assets, including trade receivables, held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The guidance is effective for annual reporting periods beginning after December 15, 2019 and interim periods within those fiscal years. The Company believes its adoption will not significantly impact the Company’s results of operations and financial position. In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which eliminates the diversity in practice related to eight cash flow classification issues. The Company adopted this ASU in the first quarter of 2017 on a prospective basis. Adoption affected the classification of dividends received from equity method investees on the statement of cash flows, but did not have any other impact. In January 2017, the FASB issued ASU 2017-04, “Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”. The new guidance eliminates Step 2 of the goodwill impairment testing which requires the fair value of individual assets and liabilities of a reporting unit to be determined when measuring goodwill impairment. The new guidance may result in different amounts of impairment that could be recognized compared to existing guidance. In addition, failing step 1 of the impairment test, where the carrying value of a reporting unit is compared to its fair value, may not result in impairment under existing guidance. However, under the revised guidance, failing step 1 will always result in a goodwill impairment. ASU 2017-04 is to be applied prospectively for goodwill impairment testing performed in years beginning after December 15, 2019. The Company does not believe the adoption will significantly impact the Company’s results of operations or financial position. In May 2017, the FASB issued ASU 2017-09, “Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting.” The new guidance describes the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting. The guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within those fiscal years. The Company believes its adoption will not significantly impact the Company’s results of operations and financial position.

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Comparative Financial Results of Discontinued Operations	The summary comparative financial results of discontinued operations were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Total net revenues $ — $ 583 $ 24 $ 6,440 Total cost of revenues — 436 48 6,227 Total selling and administrative expenses — 157 53 863 Loss from operations of discontinued operations — (10 ) (77 ) (650 ) Loss before income taxes — (8 ) (49 ) (628 ) Income tax expense — - - (114 ) Net loss from discontinued operations, net of tax $ — $ (8 ) $ (49 ) $ (742 )

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Schedule of Fair Value Measured Financial Assets and Liabilities	Fair values measured on a recurring basis at September 30, 2017 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 4,049 $ — $ — $ 4,049 Notes receivable - — 1,669 $ 1,669 Total $ 4,049 $ — $ 1,669 $ 5,718 Fair values measured on a recurring basis at December 31, 2016 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 7,596 $ — $ — $ 7,596 Notes receivable - — 1,669 $ 1,669 Total $ 7,596 $ — $ 1,669 $ 9,265
Summary of Quantitative Information About Company's Level 3 Fair Value Measurements	Quantitative information about the Company’s level 3 fair value measurements at September 30, 2017 is set forth below: Fair value at 9/30/17 (in thousands) Valuation technique Unobservable input Range Notes receivable $ 1,669 Discounted cash flow Probability of default 50 % Discount rate 18 %

(Loss) Earnings Per Common Sh23

(Loss) Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Schedule of Reconciliation Between Basic and Diluted Earnings Per Share	The following table provides the reconciliation between average shares used to compute basic and diluted (loss) earnings per share: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Weighted average shares outstanding (in thousands): Basic weighted average shares outstanding 14,310 14,249 14,279 14,225 Dilutive effect of stock options and certain non-vested shares of restricted stock — — — 86 Diluted weighted average shares outstanding 14,310 14,249 14,279 14,311

Equity Method Investments (Tabl

Equity Method Investments (Tables)	9 Months Ended
	Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
Summary of Equity Method Investments	The following summarizes our equity method investments: September 30, 2017 December 31, 2016 (dollars in thousands) Entity Carrying Amount Economic Interest Carrying Amount Economic Interest RELM Wireless Corporation $ 4,448 8.3 % $ 4,382 8.3 % Itasca Capital, Ltd. 5,097 32.3 % 3,368 32.3 % 1347 Property Insurance Holdings, Inc. 8,099 17.4 % 5,348 12.1 % Total $ 17,644 $ 13,098
Summary of Income (Loss) of Equity Method Investees	The following summarizes the (loss) income of equity method investees reflected in the Statement of Operations (in thousands): Three Months Ended September 30, Nine Months Ended September 30, Entity 2017 2016 2017 2016 RELM Wireless Corporation $ 109 $ 114 $ 12 $ 155 Itasca Capital, Ltd. (1,023 ) (85 ) 1,289 (85 ) 1347 Property Insurance Holdings, Inc. 161 — 215 — Total $ (753 ) $ 29 $ 1,516 $ 70
Summarized Financial Information	The summarized financial information is presented only for the periods when the Company owned its investment. For the nine months ended June 30, 2017 (in thousands) Revenue $ — Gross profit $ — Operating loss from continuing operations $ (172 ) Net income $ 4,253 (1) (1) Net income primarily related to unrealized gains on investments.

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets consisted of the following at September 30, 2017: Useful life Gross Accumulated Amortization Net (Years) (In thousands) Intangible assets not yet subject to amortization: Software in development $ 1,633 $ — $ 1,633 Intangible assets subject to amortization: Software in service 5 2,621 (430 ) 2,191 Product formulation 10 489 (340 ) 149 Total $ 4,743 $ (770 ) $ 3,973 Intangible assets consisted of the following at December 31, 2016: Useful life Gross Accumulated Amortization Net (Years) (In thousands) Intangible assets not yet subject to amortization: Software in development $ 508 $ — $ 508 Intangible assets subject to amortization: Software in service 5 1,764 (93 ) 1,671 Product formulation 10 454 (276 ) 178 Total $ 2,726 $ (369 ) $ 2,357
Schedule of Intangible Assets Future Amortization Expense	Amount (in thousands) Remainder 2017 $ 150 2018 589 2019 577 2020 568 2021 431 Thereafter 25 Total $ 2,340

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes in Carrying Amount of Goodwill	The following represents a summary of changes in the Company’s carrying amount of goodwill for the nine months ended September 30, 2017 (in thousands): Balance as of December 31, 2016 $ 889 Foreign currency translation 68 Balance as of September 30, 2017 $ 957

Warranty Reserves (Tables)

Warranty Reserves (Tables)	9 Months Ended
	Sep. 30, 2017
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability	The following table summarizes warranty activity for the three and nine months ended September 30, 2017 and 2016: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (in thousands) Warranty accrual at beginning of period $ 457 $ 380 $ 645 $ 310 Charged to expense 162 430 337 778 Claims paid, net of recoveries (38 ) (194 ) (410 ) (475 ) Foreign currency adjustment 3 1 12 4 Warranty accrual at end of period $ 584 $ 617 $ 584 $ 617

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of Long-term Debt	The Company’s long-term debt consists of the following (in thousands): September 30, 2017 December 31, 2016 $2 million term loan $ 1,983 $ — Less: current portion (64 ) — Less: unamortized debt issuance costs (35 ) — Long-term debt $ 1,884 $ —
Schedule of Long-term Debt Maturities	Scheduled repayments are as follows for the Company’s long-term debt outstanding as of September 30, 2017 (in thousands): Remainder of 2017 $ 16 2018 65 2019 68 2020 70 2021 74 Thereafter 1,690 Total $ 1,983

Stock Compensation (Tables)

Stock Compensation (Tables)	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Weighted Average Assumptions for Fair Value of Stock Options Granted During the Period	The fair value of each stock option granted was estimated on the date of grant using a Black-Scholes valuation model with the following weighted average assumptions: 2017 2016 Expected dividend yield at date of grant 0.00 % 0.00 % Risk-free interest rate 1.99 % 1.35 % Expected stock price volatility 34.85 % 32.26 % Expected life of options (in years) 6.0 5.7
Summary of Stock Options Activities	The following table summarizes stock option activity for the nine months ended September 30, 2017: Number of Options Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in thousands) Outstanding at December 31, 2016 545,300 $ 4.78 9.68 $ 1,757 Granted 435,000 6.53 Exercised (15,000 ) 4.70 Forfeited (33,000 ) 6.09 Expired (2,000 ) 4.33 Outstanding at September 30, 2017 930,300 $ 5.63 8.99 $ 759 Exercisable at September 30, 2017 145,300 $ 4.31 8.08 $ 260
Summary of Restricted Stock Activity	The following table summarizes restricted share activity for the nine months ended September 30, 2017: Number of Restricted Stock Shares Weighted Average Grant Price Fair Value Non-vested at December 31, 2016 58,295 $ 4.77 Granted 85,000 6.50 Shares vested (43,295 ) 4.92 Shares forfeited - 4.21 Non-vested at September 30, 2017 100,000 $ 6.17
Schedule of Nonvested Restricted Stock Units Activity	The following table summarizes restricted stock unit activity for the nine months ended September 30, 2017: Number of Restricted Stock Units Weighted Average Grant Price Fair Value Non-vested at December 31, 2016 13,750 $ 4.24 Granted 30,835 6.81 Shares vested (6,875 ) 4.24 Shares forfeited (1,875 ) 4.21 Non-vested at September 30, 2017 35,835 $ 6.45

Commitments, Contingencies an30

Commitments, Contingencies and Concentrations (Tables)	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Leases Future Minimum Lease Payments	The Company’s future minimum lease payments for leases at September 30, 2017 are as follows: Capital Leases Operating Leases (in thousands) Remainder 2017 $ 66 $ 301 2018 251 1,759 2019 116 1,735 2020 - 1,507 2021 - 1,378 Thereafter - 1,066 Total minimum lease payments $ 433 $ 7,746 Less: Amount representing interest (19 ) Present value of minimum lease payments 414 Less: Current maturities (240 ) Capital lease obligations, net of current portion $ 174

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information by Segment	Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2017 2016 2017 2016 (in thousands) Net revenue Cinema $ 8,681 $ 11,070 $ 27,606 $ 32,085 Digital Media 11,087 7,911 29,518 25,411 Other 13 — 22 — Total segment net revenue 19,781 18,981 57,146 57,496 Eliminations (222 ) (313 ) (261 ) (1,156 ) Total net revenue $ 19,559 $ 18,668 $ 56,885 $ 56,340 Operating income (loss) Cinema $ 2,438 $ 2,205 $ 6,704 $ 8,318 Digital Media 505 (61 ) (205 ) 884 Other (98 ) — (289 ) — Total segment operating income 2,845 2,144 6,210 9,202 Unallocated general and administrative expenses (2,297 ) (1,887 ) (7,090 ) (5,869 ) Other (expense) income Interest, net (51 ) 18 (66 ) 18 Cinema - foreign currency transaction (loss) gain (216 ) 82 (438 ) (958 ) Digital Media - foreign currency transaction (loss) gain (90 ) (59 ) 28 (24 ) Cinema - excess distribution from joint venture - — — 502 Cinema - other (35 ) (5 ) (24 ) 45 Digital Media - other — (2 ) — (9 ) Change in value of marketable securities - Corporate asset — (34 ) — (400 ) Total other expense (392 ) — (500 ) (826 ) Earnings (loss) before income taxes and equity method investment (loss) income $ 156 $ 257 $ (1,380 ) $ 2,507
Reconciliation of Assets from Segment to Consolidated	(In thousands) September 30, 2017 December 31, 2016 Identifiable assets, excluding assets held for sale Cinema $ 26,117 $ 29,881 Digital Media 20,637 19,272 Corporate Assets 17,644 13,098 Total $ 64,398 $ 62,251
Schedule of Segment Reporting Information by Geographic Area	Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2017 2016 2017 2016 Net revenue United States $ 15,349 $ 14,643 $ 44,648 $ 44,184 China 1,646 1,518 4,543 4,316 Latin America 461 377 1,263 1,352 Canada 1,365 1,399 4,372 3,676 Mexico 425 472 1,164 1,816 Europe 250 196 427 788 Asia (excluding China) - 45 216 70 Other 63 18 252 138 Total $ 19,559 $ 18,668 $ 56,885 $ 56,340
Summary of Identifiable Assets by Geographical Area	(In thousands) September 30, 2017 December 31, 2016 Identifiable assets, excluding assets held for sale United States $ 42,815 $ 40,255 Canada 21,583 21,996 Total $ 64,398 $ 62,251

Discontinued Operations (Detail

Discontinued Operations (Details Narrative) - USD ($) $ in Thousands	May 17, 2017	Nov. 04, 2016
SWBTI [Member]
Proceeds from sale of subsidiaries		$ 400
Strong Westrex, Inc. [Member]
Proceeds from sale of subsidiaries	$ 100

Discontinued Operations - Sched

Discontinued Operations - Schedule of Comparative Financial Results of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]
Total net revenues		$ 583	$ 24	$ 6,440
Total cost of revenues		436	48	6,227
Total selling and administrative expenses		157	53	863
Loss from operations of discontinued operations		(10)	(77)	(650)
Loss before income taxes		(8)	(49)	(628)
Income tax expense				(114)
Net loss from discontinued operations, net of tax		$ (8)	$ (49)	$ (742)

Summary of Significant Accoun34

Summary of Significant Accounting Policies (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Sep. 30, 2017
Long-term debt		$ 1,950
Long-term debt fair value		$ 1,960
Software in Development [Member]
Amount reclassification made	$ 500

Summary of Significant Accoun35

Summary of Significant Accounting Policies - Schedule of Fair Value Measured Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Cash and cash equivalents	$ 4,049	$ 7,596
Notes receivable	1,669	1,669
Total	5,718	9,265
Level 1 [Member]
Cash and cash equivalents	4,049	7,596
Notes receivable
Total	4,049	7,596
Level 2 [Member]
Cash and cash equivalents
Notes receivable
Total
Level 3 [Member]
Cash and cash equivalents
Notes receivable	1,669	1,669
Total	$ 1,669	$ 1,669

Summary of Significant Accoun36

Summary of Significant Accounting Policies - Summary of Quantitative Information About Company's Level 3 Fair Value Measurements (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Note receivable	$ 1,669	$ 1,669
Valuation Technique	Discounted cash flow
Probability of default	50.00%
Discount rate	18.00%

(Loss) Earnings Per Common Sh37

(Loss) Earnings Per Common Share (Details Narrative) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Stock Option in Which Exercise Price Exceeds the Average Market Price of Common Shares [Member]
Anti dilutive securities excluded from computation of earnings per share	470,000	350,000	470,000	363,700
Restricted Stock Awards and Stock Options in Which Exercise Price is Less Than the Average Market Price of Common Shares [Member]
Anti dilutive securities excluded from computation of earnings per share	115,754	65,937	154,161	85,618

(Loss) Earnings Per Common Sh38

(Loss) Earnings Per Common Share - Schedule of Reconciliation Between Basic and Diluted Earnings Per Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Basic weighted average shares outstanding	14,310,000	14,249,000	14,279,000	14,225,000
Dilutive effect of stock options and certain non-vested shares of restricted stock				86,000
Diluted weighted average shares outstanding	14,310,000	14,249,000	14,279,000	14,311,000

Equity Method Investments (Deta

Equity Method Investments (Details Narrative) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Additional cost during the period	$ 2,525	$ 4,107
Retained earnings undistributed earnings from our equity method investees	1,200
RELM Wireless Corporation [Member]
Dividend received	200	$ 0
Quoted market value of the company's ownership	$ 4,100
Equity method ownership percentage	8.30%		8.30%
RELM Wireless Corporation [Member] | Chief Executive Officer [Member] | Minimum [Member]
Combined equity ownership percentage	20.00%
Itasca Capital, Ltd. [Member]
Quoted market value of the company's ownership	$ 3,900
Equity method ownership percentage	32.30%		32.30%
1347 Property Insurance Holdings, Inc. [Member]
Quoted market value of the company's ownership	$ 8,000
Equity method ownership percentage	17.40%		12.10%
Additional cost during the period	$ 2,500

Equity Method Investments - Sum

Equity Method Investments - Summary of Equity Method Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Equity investment, Carrying Amount	$ 17,644	$ 13,098
RELM Wireless Corporation [Member]
Equity investment, Carrying Amount	$ 4,448	$ 4,382
Equity investment, Economic Interest	8.30%	8.30%
Itasca Capital, Ltd. [Member]
Equity investment, Carrying Amount	$ 5,097	$ 3,368
Equity investment, Economic Interest	32.30%	32.30%
1347 Property Insurance Holdings, Inc. [Member]
Equity investment, Carrying Amount	$ 8,099	$ 5,348
Equity investment, Economic Interest	17.40%	12.10%

Equity Method Investments - S41

Equity Method Investments - Summary of Income (Loss) of Equity Method Investees (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Equity method investment income	$ (753)	$ 29	$ 1,516	$ 70
Equity Method Investments [Member]
Equity method investment income	(753)	29	1,516	70
RELM Wireless Corporation [Member] | Equity Method Investments [Member]
Equity method investment income	109	114	12	155
Itasca Capital, Ltd. [Member] | Equity Method Investments [Member]
Equity method investment income	(1,023)	(85)	1,289	(85)
1347 Property Insurance Holdings, Inc. [Member] | Equity Method Investments [Member]
Equity method investment income	$ 161		$ 215

Equity Method Investments - S42

Equity Method Investments - Summarized Financial Information (Details) - Itasca Capital, Ltd. [Member] $ in Thousands	9 Months Ended
	Jun. 30, 2017USD ($)
Revenue
Gross profit
Operating income from continuing operations	(172)
Net income	$ 4,253	[1]
[1]	Net income primarily related to unrealized gains on investments.

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 400	$ 400

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Intangible assets, Gross	$ 4,743	$ 2,726
Intangible assets, Accumulated amortization	(770)	(369)
Intangible assets, Net	$ 3,973	$ 2,357
Software in Service [Member]
Intangible assets, Useful life	5 years	5 years
Intangible assets, Gross	$ 2,621	$ 1,764
Intangible assets, Accumulated amortization	(430)	(93)
Intangible assets, Net	$ 2,191	$ 1,671
Production Formulation [Member]
Intangible assets, Useful life	10 years	10 years
Intangible assets, Gross	$ 489	$ 454
Intangible assets, Accumulated amortization	(340)	(276)
Intangible assets, Net	149	178
Software in Development [Member]
Intangible assets, Gross	1,633	508
Intangible assets, Accumulated amortization
Intangible assets, Net	$ 1,633	$ 508

Intangible Assets - Schedule 45

Intangible Assets - Schedule of Intangible Assets Future Amortization Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Total	$ 3,973	$ 2,357
Intangible Assets [Member]
Remainder of 2017	150
2,018	589
2,019	577
2,020	568
2,021	431
Thereafter	25
Total	$ 2,340

Goodwill - Summary of Changes i

Goodwill - Summary of Changes in Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance	$ 889
Foreign currency translation	68
Balance	$ 957

Warranty Reserves - Schedule of

Warranty Reserves - Schedule of Product Warranty Liability (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Extended Product Warranty Disclosure [Abstract]
Warranty accrual at beginning of period	$ 457	$ 380	$ 645	$ 310
Charged to expense	162	430	337	778
Claims paid, net of recoveries	(38)	(194)	(410)	(475)
Foreign currency adjustment	3	1	12	4
Warranty accrual at end of period	$ 584	$ 617	$ 584	$ 617

Debt (Details Narrative)

Debt (Details Narrative) CAD in Thousands, $ in Thousands	Sep. 05, 2017USD ($)	Apr. 27, 2017USD ($)	Sep. 30, 2017USD ($)	Sep. 05, 2017CAD
Line of credit			$ 500
Demand Credit Agreement [Member]
Debt installment determination period	20 years
Description on effective equity	The credit agreement requires Strong/MDI to maintain a ratio of liabilities to “effective equity” (tangible stockholders’ equity, less amounts receivable from affiliates and equity method investments) not exceeding 2 to 1, a current ratio (excluding amounts due from related parties) of at least 1.5 to 1
Maximum liabilities to effective equity	200.00%
Minimum current ratio	150.00%
Line of Credit [Member]
Debt maturity date		May 10, 2018
Line of credit maximum borrowing capacity		$ 1,000
Maximum allowed liabilities to tangible net worth		3
Minimum liquidity value		$ 2,000
Line of Credit [Member] | Demand Credit Agreement [Member]
Line of credit maximum borrowing capacity	$ 2,800
Minimum effective equity	$ 6,400
Line of Credit [Member] | Demand Credit Agreement [Member] | Canadian Dollar [Member]
Line of credit maximum borrowing capacity | CAD				CAD 3,500
Minimum effective equity | CAD				8,000
Line of Credit [Member] | Prime Rate [Member]
Line of credit bearing interest rate		0.25%
Long-term Debt [Member]
Secured loan		$ 2,000
Loan term		5 years
Long term debt bearing interest fixed rate		4.50%
Debt installment determination period		20 years
Debt balloon payment amount		$ 1,700
Debt maturity date		May 10, 2022
20-year Installment Loan [Member] | Demand Credit Agreement [Member]
Loan term	20 years
Line of credit maximum borrowing capacity	$ 4,800
20-year Installment Loan [Member] | Demand Credit Agreement [Member] | Canadian Dollar [Member]
Line of credit maximum borrowing capacity | CAD				6,000
20-year Installment Loan [Member] | Prime Rate [Member] | Demand Credit Agreement [Member]
Interest rate of installment loans	0.50%
5-year Installment Loan [Member] | Demand Credit Agreement [Member]
Loan term	5 years
Line of credit maximum borrowing capacity	$ 400
5-year Installment Loan [Member] | Demand Credit Agreement [Member] | Canadian Dollar [Member]
Line of credit maximum borrowing capacity | CAD				CAD 500
5-year Installment Loan [Member] | Prime Rate [Member] | Demand Credit Agreement [Member]
Interest rate of installment loans	0.50%

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
$2 million term loan	$ 1,983
Less: current portion	(64)
Less: unamortized debt issuance costs	(35)
Long-term debt	$ 1,884

Debt - Schedule of Long-term 50

Debt - Schedule of Long-term Debt (Details) (Parenthetical) $ in Thousands	Sep. 30, 2017USD ($)
Debt Disclosure [Abstract]
Long-term debt fair value	$ 1,960

Debt - Schedule of Long-term 51

Debt - Schedule of Long-term Debt Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Remainder of 2017	$ 16
2,018	65
2,019	68
2,020	70
2,021	74
Thereafter	1,690
Total	$ 1,983

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income tax examination description	The Company is subject to examination for Federal purposes for fiscal years 2014, 2015 and 2016. In most cases, the Company is subject to examinations by state or local jurisdictions based on the particular jurisdiction’s statute of limitations.

Stock Compensation (Details Nar

Stock Compensation (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Share-based compensation expense			$ 498	$ 357
Number of shares granted			435,000
Stock Option [Member]
Description on expected volatility			During 2017, the expected volatility was based on historical daily price changes of the Company’s stock for six years prior to the date of grant. During 2016, the Company used a one year period to calculate volatility, but updated this assumption in the current year to align the expected volatility with the expected life of the options.
Expected volatility calculation period for stocks granted			6 years		1 year
Share-based compensation arrangement by share-based payment award, options, non-vested, number	785,000		785,000
Total unrecognized compensation cost related to stock option awards	$ 1,500		$ 1,500
Compensation cost expected to be recognized, weighted average period			4 years 1 month 6 days
Options [Member]
Number of shares granted			435,000	100,000
Share based compensation arrangement by share based payment award options grants in period weighted average grant date fair value			$ 2.42	$ 1.42
Restricted Stock [Member]
Compensation cost expected to be recognized, weighted average period			1 year 10 months 25 days
Unrecognized for restricted stock, value	$ 600		$ 600
2017 Plan [Member]
Number of shares reserved for issuance	1,371,189		1,371,189
Selling, General and Administrative Expenses [Member]
Share-based compensation expense	$ 200	$ 100	$ 500	$ 400

Stock Compensation - Schedule o

Stock Compensation - Schedule of Weighted Average Assumptions for Fair Value of Stock Options Granted During the Period (Details)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected dividend yield at date of grant	0.00%	0.00%
Risk-free interest rate	1.99%	1.35%
Expected stock price volatility	34.85%	32.26%
Expected life of options (in years)	6 years	5 years 8 months 12 days

Stock Compensation - Summary of

Stock Compensation - Summary of Stock Options Activities (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)$ / sharesshares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of Options, Outstanding beginning balance | shares	545,300
Number of Options, Granted | shares	435,000
Number of Options, Exercised | shares	(15,000)
Number of Options, Forfeited | shares	(33,000)
Number of Options, Expired | shares	(2,000)
Number of Options, Outstanding ending balance | shares	930,300
Number of Options, Exercisable | shares	145,300
Weighted Average Exercise Price Per Share, Outstanding beginning balance | $ / shares	$ 4.78
Weighted Average Exercise Price Per Share, Granted | $ / shares	6.53
Weighted Average Exercise Price Per Share, Exercised | $ / shares	4.70
Weighted Average Exercise Price Per Share, Forfeited | $ / shares	6.09
Weighted Average Exercise Price Per Share, Expired | $ / shares	4.33
Weighted Average Exercise Price Per Share, Outstanding ending balance | $ / shares	5.63
Weighted Average Exercise Price Per Share, Exercisable | $ / shares	$ 4.31
Weighted Average Remaining Contractual Term, beginning balance	9 years 8 months 5 days
Weighted Average Remaining Contractual Term, ending balance	8 years 11 months 26 days
Weighted Average Remaining Contractual Term, Exercisable	8 years 29 days
Aggregate Intrinsic Value, beginning balance | $	$ 1,757
Aggregate Intrinsic Value, ending balance | $	759
Aggregate Intrinsic Value, Exercisable | $	$ 260

Stock Compensation - Summary 56

Stock Compensation - Summary of Restricted Stock Activity (Details) - Restricted Stock [Member]	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Number of Restricted Stock Shares, Non-vested beginning balance | shares	58,295
Number of Restricted Stock Shares, Granted | shares	85,000
Number of Restricted Stock Shares, vested | shares	(43,295)
Number of Restricted Stock Shares, forfeited | shares
Number of Restricted Stock Shares, Non-vested ending balance | shares	100,000
Weighted Average Grant Date Fair Value, Non-vested beginning balance | $ / shares	$ 4.77
Weighted Average Grant Date Fair Value, Granted | $ / shares	6.50
Weighted Average Grant Date Fair Value, Vested | $ / shares	4.92
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	4.21
Weighted Average Grant Date Fair Value, Non-vested ending balance | $ / shares	$ 6.17

Stock Compensation - Schedule57

Stock Compensation - Schedule of Nonvested Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member]	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Number of Restricted Stock Shares, Non-vested beginning balance | shares	13,750
Number of Restricted Stock Shares, Granted | shares	30,835
Number of Restricted Stock Shares, vested | shares	(6,875)
Number of Restricted Stock Shares, forfeited | shares	(1,875)
Number of Restricted Stock Shares, Non-vested ending balance | shares	35,835
Weighted Average Grant Date Fair Value, Non-vested beginning balance | $ / shares	$ 4.24
Weighted Average Grant Date Fair Value, Granted | $ / shares	6.81
Weighted Average Grant Date Fair Value, Vested | $ / shares	4.24
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	4.21
Weighted Average Grant Date Fair Value, Non-vested ending balance | $ / shares	$ 6.45

Commitments, Contingencies an58

Commitments, Contingencies and Concentrations (Details Narrative)	3 Months Ended	9 Months Ended
	Sep. 30, 2017Integer	Sep. 30, 2017Integer
Concentration risk, number of customers	10	10
Operating lease expiration date		Expiring through 2022
Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Concentration risk, percentage	53.70%	50.10%
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Concentration risk, percentage		41.20%

Commitments, Contingencies an59

Commitments, Contingencies and Concentrations - Schedule of Leases Future Minimum Lease Payments (Details) $ in Thousands	Sep. 30, 2017USD ($)
Leases [Abstract]
Capital Leases, Remainder 2017	$ 66
Capital Leases, 2018	251
Capital Leases, 2019	116
Capital Leases, 2020
Capital Leases, 2021
Capital Leases, Thereafter
Total minimum lease payments	433
Less: Amount representing interest	(19)
Present value of minimum lease payments	414
Less: Current maturities	(240)
Capital lease obligations, net of current portion	174
Operating Leases, Remainder 2017	301
Operating Leases, 2018	1,759
Operating Leases, 2019	1,735
Operating Leases, 2020	1,507
Operating Leases, 2021	1,378
Operating Leases, Thereafter	1,066
Total minimum Operating lease payments	$ 7,746

Business Segment Information (D

Business Segment Information (Details Narrative)	9 Months Ended
	Sep. 30, 2017Segments
Segment Reporting [Abstract]
Number of business segment	2

Business Segment Information -

Business Segment Information - Schedule of Segment Reporting Information by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting Information [Line Items]
Total segment net revenue	$ 19,559	$ 18,668	$ 56,885	$ 56,340
Total segment operating income	548	257	(880)	3,333
Other (expense) income - foreign currency transaction (loss) gain	(306)	23	(410)	(982)
Cinema - excess distribution from joint venture				502
Other (expense) income	(35)	(7)	(24)	36
Change in value of marketable securities - Corporate asset		(34)		(400)
Total other expense	(392)		(500)	(826)
Business Segments [Member]
Segment Reporting Information [Line Items]
Total segment net revenue	19,781	18,981	57,146	57,496
Eliminations	(222)	(313)	(261)	(1,156)
Total net revenue	19,559	18,668	56,885	56,340
Total segment operating income	2,845	2,144	6,210	9,202
Unallocated general and administrative expenses	(2,297)	(1,887)	(7,090)	(5,869)
Other (expense) income Interest, net	(51)	18	(66)	18
Change in value of marketable securities - Corporate asset		(34)		(400)
Total other expense	(392)		(500)	(826)
Earnings (loss) before income taxes and equity method investment (loss) income	156	257	(1,380)	2,507
Business Segments [Member] | Cinema [Member]
Segment Reporting Information [Line Items]
Total segment net revenue	8,681	11,070	27,606	32,085
Total segment operating income	2,438	2,205	6,704	8,318
Other (expense) income - foreign currency transaction (loss) gain	(216)	82	(438)	(958)
Cinema - excess distribution from joint venture				502
Other (expense) income	(35)	(5)	(24)	45
Business Segments [Member] | Digital Media [Member]
Segment Reporting Information [Line Items]
Total segment net revenue	11,087	7,911	29,518	25,411
Total segment operating income	505	(61)	(205)	884
Other (expense) income - foreign currency transaction (loss) gain	(90)	(59)	28	(24)
Other (expense) income		(2)		(9)
Business Segments [Member] | Other [Member]
Segment Reporting Information [Line Items]
Total segment net revenue	13		22
Total segment operating income	$ (98)		$ (289)

Business Segment Information 62

Business Segment Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Identifiable assets, excluding assets held for sale	$ 64,398	$ 62,251
Cinema [Member] | Business Segments [Member]
Identifiable assets, excluding assets held for sale	26,117	29,881
Digital Media [Member] | Business Segments [Member]
Identifiable assets, excluding assets held for sale	20,637	19,272
Corporate Assets [Member] | Business Segments [Member]
Identifiable assets, excluding assets held for sale	$ 17,644	$ 13,098

Business Segment Information 63

Business Segment Information - Schedule of Segment Reporting Information by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net revenue	$ 19,559	$ 18,668	$ 56,885	$ 56,340
United States [Member]
Net revenue	15,349	14,643	44,648	44,184
China [Member]
Net revenue	1,646	1,518	4,543	4,316
Latin America [Member]
Net revenue	461	377	1,263	1,352
Canada [Member]
Net revenue	1,365	1,399	4,372	3,676
Mexico [Member]
Net revenue	425	472	1,164	1,816
Europe [Member]
Net revenue	250	196	427	788
Asia (Excluding China) [Member]
Net revenue		45	216	70
Other [Member]
Net revenue	$ 63	$ 18	$ 252	$ 138

Business Segment Information 64

Business Segment Information - Summary of Identifiable Assets by Geographical Area (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Identifiable assets, excluding assets held for sale	$ 64,398	$ 62,251
United States [Member]
Identifiable assets, excluding assets held for sale	42,815	40,255
Canada [Member]
Identifiable assets, excluding assets held for sale	$ 21,583	$ 21,996