FG (FGH) 10-Q 12 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 29, 2019
Document And Entity Information
Entity Registrant Name	BALLANTYNE STRONG, INC.
Entity Central Index Key	0000946454
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Reporting Status Current	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,518,756
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 4,388	$ 6,698
Restricted cash	350	350
Accounts receivable (net of allowance for doubtful accounts of $1,409 and $1,832, respectively)	13,304	13,841
Inventories, net	3,395	3,490
Recoverable income taxes	55	281
Other current assets	1,965	1,663
Total current assets	23,457	26,323
Property, plant and equipment (net of accumulated depreciation of $9,602 and $9,046, respectively)	11,078	14,483
Operating lease right-of-use assets	5,603
Finance lease right-of-use assets	2,037	692
Investments	14,060	11,167
Intangible assets, net	1,601	1,795
Goodwill	902	875
Notes receivable	1,812	3,965
Other assets	230	337
Total assets	60,780	59,637
Current liabilities:
Accounts payable	6,064	4,724
Accrued expenses	3,342	2,782
Short-term debt	3,123	3,152
Current portion of long-term debt	979	1,094
Current portion of operating lease obligations	939
Current portion of finance lease obligations	1,317	160
Deferred revenue and customer deposits	3,376	2,310
Total current liabilities	19,140	14,222
Long-term debt, net of current portion and debt issuance costs	3,275	10,053
Operating lease obligations, net of current portion	4,894
Finance lease obligations, net of current portion	3,794	427
Deferred revenue and customer deposits, net of current portion	1,152	1,167
Deferred income taxes	2,476	2,516
Other accrued expenses, net of current portion	91	254
Total liabilities	34,822	28,639
Commitments and contingencies (Note 14)
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 17,313 and 17,237 shares at September 30, 2019 and December 31, 2018, respectively; outstanding 14,519 and 14,443 shares at September 30, 2019 and December 31, 2018, respectively	169	169
Additional paid-in capital	42,272	41,474
Retained earnings	6,748	13,319
Less 2,794 of common shares in treasury, at cost	(18,586)	(18,586)
Accumulated other comprehensive loss	(4,645)	(5,378)
Total stockholders' equity	25,958	30,998
Total liabilities and stockholders' equity	$ 60,780	$ 59,637

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 1,409	$ 1,832
Property, plant and equipment, accumulated depreciation	$ 9,602	$ 9,046
Preferred stock par value	$ .01	$ .01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares outstanding
Common stock par value	$ .01	$ .01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	17,313,000	17,237,000
Common stock, shares outstanding	14,519,000	14,443,000
Common shares in treasury, shares	2,794,000	2,794,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Total net revenues	$ 16,846	$ 16,453	$ 45,421	$ 46,458
Total cost of revenues	11,033	12,923	33,730	38,788
Gross profit	5,813	3,530	11,691	7,670
Selling and administrative expenses:
Selling	1,373	1,139	3,823	3,638
Administrative	4,371	3,384	12,597	12,301
Total selling and administrative expenses	5,744	4,523	16,420	15,939
Loss on disposal of assets	(3)	(799)	(105)	(2,130)
Income (loss) from operations	66	(1,792)	(4,834)	(10,399)
Other income (expense):
Interest income	1		3
Interest expense	(263)	(180)	(568)	(267)
Fair value adjustment to notes receivable	(845)	802	(2,153)	953
Foreign currency transaction gain (loss)	66	(67)	(154)	41
Other income (expense), net	414	6	868	(9)
Total other (expense) income	(627)	561	(2,004)	718
Loss before income taxes and equity method investment (loss) income	(561)	(1,231)	(6,838)	(9,681)
Income tax expense	731	497	1,295	1,837
Equity method investment (loss) income	(496)	507	(1,223)	(244)
Net loss	$ (1,788)	$ (1,221)	$ (9,356)	$ (11,762)
Basic loss per share	$ (0.12)	$ (0.08)	$ (0.65)	$ (0.82)
Diluted loss per share	$ (0.12)	$ (0.08)	$ (0.65)	$ (0.82)
Weighted-average shares used in computing net loss per share:
Basic	14,494,000	14,392,000	14,476,000	14,366,000
Diluted	14,494,000	14,392,000	14,476,000	14,366,000
Product [Member]
Total net revenues	$ 9,192	$ 8,417	$ 20,840	$ 24,602
Total cost of revenues	5,603	5,102	17,526	16,572
Service [Member]
Total net revenues	7,654	8,036	24,581	21,856
Total cost of revenues	$ 5,430	$ 7,821	$ 16,204	$ 22,216

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net loss	$ (1,788)	$ (1,221)	$ (9,356)	$ (11,762)
Adjustment to postretirement benefit obligation		6	2	15
Unrealized gain (loss) on available-for-sale securities of equity method investments, net of tax	166	(33)	407	(203)
Currency translation adjustment:
Unrealized net change arising during period	(26)	245	324	(585)
Total other comprehensive income (loss)	140	218	733	(773)
Comprehensive loss	$ (1,648)	$ (1,003)	$ (8,623)	$ (12,535)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Loss [Member]	Total
Balance at Dec. 31, 2017	$ 169	$ 40,565	$ 25,570	$ (18,586)	$ (3,596)	$ 44,122
Net loss			(3,785)			(3,785)
Net other comprehensive income (loss)					(510)	(510)
Cumulative effect of adoption of ASC 606			76			76
Stock-based compensation expense		255				255
Balance at Mar. 31, 2018	169	40,820	21,861	(18,586)	(4,106)	40,158
Balance at Dec. 31, 2017	169	40,565	25,570	(18,586)	(3,596)	44,122
Net loss						(11,762)
Balance at Sep. 30, 2018	169	41,284	13,885	(18,586)	(4,369)	32,383
Balance at Mar. 31, 2018	169	40,820	21,861	(18,586)	(4,106)	40,158
Net loss			(6,755)			(6,755)
Net other comprehensive income (loss)					(481)	(481)
Adjustment to issuance of warrants to purchase 100 shares of common stock, net of issuance costs		75				75
Stock-based compensation expense		227				227
Balance at Jun. 30, 2018	169	41,122	15,106	(18,586)	(4,587)	33,224
Net loss			(1,221)			(1,221)
Net other comprehensive income (loss)					218	218
Adjustment to issuance of warrants to purchase 100 shares of common stock, net of issuance costs		(4)				(4)
Stock-based compensation expense		166				166
Balance at Sep. 30, 2018	169	41,284	13,885	(18,586)	(4,369)	32,383
Balance at Dec. 31, 2018	169	41,474	13,319	(18,586)	(5,378)	30,998
Net loss			(4,150)			(4,150)
Net other comprehensive income (loss)					168	168
Cumulative effect of adoption of ASC 842			2,785			2,785
Stock-based compensation expense		243				243
Balance at Mar. 31, 2019	169	41,717	11,954	(18,586)	(5,210)	30,044
Balance at Dec. 31, 2018	169	41,474	13,319	(18,586)	(5,378)	30,998
Net loss						(9,356)
Balance at Sep. 30, 2019	169	42,272	6,748	(18,586)	(4,645)	25,958
Balance at Mar. 31, 2019	169	41,717	11,954	(18,586)	(5,210)	30,044
Net loss			(3,418)			(3,418)
Net other comprehensive income (loss)					425	425
Stock-based compensation expense		221				221
Balance at Jun. 30, 2019	169	41,938	8,536	(18,586)	(4,785)	27,272
Net loss			(1,788)			(1,788)
Net other comprehensive income (loss)					140	140
Stock-based compensation expense		334				334
Balance at Sep. 30, 2019	$ 169	$ 42,272	$ 6,748	$ (18,586)	$ (4,645)	$ 25,958

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - shares	Sep. 30, 2018	Jun. 30, 2018
Statement of Stockholders' Equity [Abstract]
Number of warrants share purchased	100,000	100,000

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net loss	$ (9,356)	$ (11,762)
Adjustments to reconcile net loss to net cash provided by (used) in operating activities:
(Recovery of) provision for doubtful accounts	(509)	381
Provision for obsolete inventory	245	412
Provision for warranty	24	83
Depreciation and amortization	2,537	1,953
Amortization and accretion of operating leases	1,434
Fair value adjustment to notes receivable	2,153	(953)
Equity method investment loss	1,223	244
Recognition of contract acquisition costs		29
Loss on disposal of assets	105	2,130
Gain on Firefly transaction (Note 6)	(220)
Deferred income taxes	(129)	(146)
Impairment of operating lease		209
Impairment of contract acquisition costs		59
Stock-based compensation expense	798	648
Dividends received from investee		817
Changes in operating assets and liabilities:
Accounts receivable	1,148	(4,244)
Inventories	(96)	413
Current income taxes	229	178
Other assets	(214)	(1,021)
Accounts payable and accrued expenses	1,568	415
Deferred revenue and customer deposits	1,043	1,359
Operating lease obligations	(1,567)
Net cash provided by (used in) operating activities	416	(8,796)
Cash flows from investing activities:
Proceeds from sale of equity securities		4,531
Proceeds from sale of property, plant and equipment	121
Dividends received from investee in excess of cumulative earnings		69
Capital expenditures	(1,717)	(1,220)
Net cash (used in) provided by investing activities	(1,596)	3,380
Cash flows from financing activities:
Proceeds from issuance of long-term debt	237
Proceeds from issuance of short-term debt		3,205
Proceeds from sale-leaseback financing		7,000
Principal payments on short-term debt	(323)	(1,097)
Principal payments on long-term debt	(725)	(2,278)
Payment of debt issuance costs		(22)
Payments on capital lease obligations	(420)	(147)
Other		(8)
Net cash (used in) provided by financing activities	(1,231)	6,653
Effect of exchange rate changes on cash and cash equivalents	101	(98)
Net (decrease) increase in cash and cash equivalents and restricted cash	(2,310)	1,139
Cash and cash equivalents and restricted cash at beginning of period	7,048	4,870
Cash and cash equivalents and restricted cash at end of period	4,738	6,009
Components of cash and cash equivalents and restricted cash:
Cash and cash equivalents	4,388	5,659
Restricted cash	350	350
Total cash and cash equivalents and restricted cash	4,738	6,009
Supplemental disclosure of non-cash investing and financing activities:
Term loan borrowings to finance equipment purchases	364	4,121
Capital lease obligations for property and equipment	1,613
Investment in Firefly Systems, Inc. (Note 6)	3,614
Short-term borrowings to finance insurance	$ 46

Nature of Operations

Nature of Operations	9 Months Ended
	Sep. 30, 2019
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, advertising and government markets. The Company, and its wholly owned subsidiaries Strong Technical Services, Inc., Strong/MDI Screen Systems, Inc. (“Strong/MDI”), Convergent Media Systems Corporation (“Convergent”) and Strong Digital Media, LLC (“SDM”), 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. Effective August 8, 2019, the Company’s Board of Directors approved the relocation of Ballantyne’s headquarters from 11422 Miracle Hills Drive, Suite 300, Omaha, Nebraska to 4201 Congress Street, Suite 175, Charlotte, North Carolina 28209.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. 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 (also referred to as “GAAP”) for annual reporting purposes or those made in the Company’s Annual Report on Form 10-K. 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 for the fiscal year ended December 31, 2018. The condensed consolidated balance sheet as of December 31, 2018 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. Certain prior period balances have been reclassified to conform to current period presentation. The results for interim periods are not necessarily indicative of trends or results expected for a full year. Unless otherwise indicated, all references to “dollars” and “$” in this Quarterly Report on Form 10-Q are to, and amounts are presented in, U.S. dollars. Use of Management Estimates The preparation of consolidated financial statements in conformity with 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 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. Restricted Cash Restricted cash represents amounts held in a collateral account for the Company’s corporate travel and purchasing credit card program. Accounts Receivable Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The Company determines the allowance for doubtful accounts based on several factors, including overall customer credit quality, historical write-off experience and a specific analysis that projects the ultimate collectability of the account. As such, these factors may change over time causing the allowance level and bad debt expense to be adjusted accordingly. 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 income (loss) resulting from these investments is reported under the line item captioned “equity method investment income (loss)” in our condensed consolidated statements of operations. The Company’s equity method investments are reported 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. We apply the cost method of accounting to investments when we do not have significant influence or a controlling interest in the investee and the fair value of the investment is not readily determinable. Dividends on cost method investments received are recorded as income. The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. Management reviewed the underlying net assets of the investments during the three and nine months ended September 30, 2019 and determined that the Company’s proportionate economic interest in the investments indicate that the investments were not other than temporarily impaired. The carrying value of our equity method and cost method investments is reported in “investments” in the condensed consolidated balance sheets. Note 6 contains additional information on our equity method and cost method investments. 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 are classified, as of September 30, 2019 and December 31, 2018. Fair values measured on a recurring basis at September 30, 2019 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 4,388 $ - $ - $ 4,388 Restricted cash 350 - - 350 Notes receivable - - 1,812 1,812 Total $ 4,738 $ - $ 1,812 $ 6,550 Fair values measured on a recurring basis at December 31, 2018 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 6,698 $ - $ - $ 6,698 Restricted cash 350 - 350 Notes receivable - - 3,965 3,965 Total $ 7,048 $ - $ 3,965 $ 11,013 The following table reconciles the beginning and ending balance of the Company’s notes receivable at fair value (in thousands): Nine Months Ended September 30, 2019 2018 Notes receivable balance, beginning of period $ 3,965 $ 2,815 Fair value adjustment (2,153 ) 953 Notes receivable balance, end of period $ 1,812 $ 3,768 Quantitative information about the Company’s level 3 fair value measurements at September 30, 2019 is set forth below (in thousands): Fair value at September 30, 2019 Valuation technique Unobservable input Value Notes receivable $ 1,812 Discounted cash flow Default percentage 72 % Discount rate 18 % During 2011, the Company entered into certain unsecured notes receivable arrangements with CDF2 Holdings, LLC pertaining to the sale and installation of digital projection equipment. The notes receivable accrue interest at a rate of 15% per annum. Interest not paid in any particular year is added to the principal and also accrues interest at 15%. The notes receivable are recorded at estimated fair value. In order to estimate the fair value, the Company reviews the financial position and estimated cash flows of the debtor of the notes receivable on a quarterly basis. The Company recorded a decrease to the fair value of the notes receivable of $2.2 million during the nine months ended September 30, 2019 and an increase to the fair value of the notes receivable of $1.0 million during the nine months ended September 30, 2018. The adjustments to the fair value of the notes receivable are included in other (expense) income on the Company’s condensed consolidated statements of operations. The significant unobservable inputs used in the fair value measurement of the Company’s notes receivable are discount rate and percentage of default. Significant increases (decreases) in any of these inputs in isolation would result in a significantly lower (higher) fair value measurement. The Company’s short-term and long-term debt is recorded at historical cost. As of September 30, 2019, the Company’s long-term debt, including current maturities, had a carrying value of $4.3 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, 2019 was $3.8 million. The carrying values of all 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 6 includes fair value information related to our equity and cost method investments. All non-financial assets that are not recognized or disclosed at fair value in the financial statements on a recurring basis, which include non-financial long-lived assets, are measured at fair value in certain circumstances (for example, when there is evidence of impairment). During the three and nine months ended September 30, 2018, the Company recorded impairment charges of $0.8 million and $2.1 million, respectively, related to the abandonment of internally developed software intangible assets as a loss on disposal of assets in the condensed consolidated statement of operations. Other than the intangible asset impairment, the Company did not have any significant non-recurring measurements of non-financial assets or liabilities during the three and nine months ended September 30, 2019 or 2018. Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-02, “Leases (Topic 842),” which was further clarified by ASU 2018-11, “Leases – Targeted Improvements,” issued in July 2018. 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 and initially required a modified retrospective transition method under which entities would initially apply Topic 842 at the beginning of the earliest period presented in the financial statements. ASU 2018-11 added an additional optional transition method allowing entities to apply Topic 842 as of the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company adopted Topic 842 using the optional transition method from ASU 2018-11 as of January 1, 2019. Upon adoption, the Company recorded a balance sheet gross-up of approximately $4.7 million to record operating lease liabilities and related right-of-use assets. In addition, the sale-leaseback of the Company’s Alpharetta, Georgia office facility in June 2018, which did not qualify for sale-leaseback accounting under the previous lease accounting standard, qualified for sale-leaseback accounting under Topic 842, as Topic 842 eliminated the concept of continuing involvement by the seller-lessee precluding sale-leaseback accounting. Upon adoption, the Company recorded a cumulative effect adjustment increasing retained earnings by approximately $2.8 million, which represents the gain on the sale of the facility. The Company also derecognized approximately $4.0 million of net land and building assets and approximately $6.8 million of debt associated with the previous accounting as a failed sale-leaseback and recorded approximately $5.0 million of operating lease right-of-use assets and liabilities for the leaseback under Topic 842. See Note 11 for more information about the Company’s leases. In August 2018, the Securities and Exchange Commission (the “SEC”) adopted the final rule under SEC Release No. 33-10532, “Disclosure Update and Simplification,” amending certain disclosure requirements that were redundant, duplicative, overlapping, outdated or superseded. In addition, the amendments expanded the disclosure requirements on the analysis of stockholders’ equity for interim financial statements. Under the amendments, an analysis of changes in each caption of stockholders’ equity presented in the balance sheet must be provided in a note or separate statement. The analysis should present a reconciliation of the beginning balance to the ending balance of each period for which a statement of comprehensive income is required to be filed. The final rule is effective for all filings made on and after November 5, 2018. Given the effective date and proximity to most filers’ quarterly reports, the SEC did not object to filers deferring the presentation of changes in stockholders’ equity in their quarterly reports on Forms 10-Q until the quarter beginning after November 5, 2018. The Company elected to provide the required disclosure in a separate statement of stockholders’ equity beginning with Form 10-Q for the quarter ended March 31, 2019. 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 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 with early adoption permitted. The Company adopted ASU 2017-04 in the first quarter of 2019. Adoption of ASU 2017-04 did not significantly impact the Company’s results of operations or financial position. Recently Issued Accounting Pronouncements 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. In July 2019, the FASB announced its intention to propose an extended effective date of January 1, 2023 for adoption of the ASU by smaller reporting companies. In October 2019, the FASB voted in favor of finalizing its proposal to defer the effective date of this standard. Subject to any additional guidance or clarification from the FASB or the SEC, management believes the Company will qualify for this proposed deferral. The Company believes the adoption of this ASU will not significantly impact its results of operations and financial position.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue	3. Revenue The Company accounts for revenue using the following steps: ● Identify the contract, or contracts, with a customer ● Identify the performance obligations in the contract ● Determine the transaction price ● Allocate the transaction price to the identified performance obligations ● Recognize revenue when, or as, the Company satisfies the performance obligations The Company combines contracts with the same customer into a single contract for accounting purposes when the contracts are entered into at or near the same time and the contracts are negotiated as a single commercial package, consideration in one contract depends on the other contract, or the services are considered a single performance obligation. If an arrangement involves multiple performance obligations, the items are analyzed to determine the separate units of accounting, whether the items have value on a standalone basis and whether there is objective and reliable evidence of their standalone selling price. The total contract transaction price is allocated to the identified performance obligations based upon the relative standalone selling prices of the performance obligations. The standalone selling price is based on an observable price for services sold to other comparable customers, when available, or an estimated selling price using a cost plus margin approach. The Company estimates the amount of total contract consideration it expects to receive for variable arrangements by determining the most likely amount it expects to earn from the arrangement based on the expected quantities of services it expects to provide and the contractual pricing based on those quantities. The Company only includes some or a portion of variable consideration in the transaction price when it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur or when the uncertainty associated with the variable consideration is subsequently resolved. The Company considers the sensitivity of the estimate, its relationship and experience with the client and variable services being performed, the range of possible revenue amounts and the magnitude of the variable consideration to the overall arrangement. As discussed in more detail below, revenue is recognized when a customer obtains control of promised goods or services under the terms of a contract and is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. The Company does not have any material extended payment terms as payment is due at or shortly after the time of the sale. Observable prices are used to determine the standalone selling price of separate performance obligations, or a cost plus margin approach is used when observable prices are not available. Sales, value-added and other taxes collected concurrently with revenue producing activities are excluded from revenue. The Company recognizes contract assets or unbilled receivables related to revenue recognized for services completed but not yet invoiced to the clients. Unbilled receivables are recorded as accounts receivable when the Company has an unconditional right to contract consideration. A contract liability is recognized as deferred revenue when the Company invoices clients in advance of performing the related services under the terms of a contract. Deferred revenue is recognized as revenue when the Company has satisfied the related performance obligation. Deferred contract acquisition costs are included in other assets. The Company defers costs to acquire contracts, including commissions, incentives and payroll taxes, if they are incremental and recoverable costs of obtaining a customer contract with a term exceeding one year. Deferred contract costs are reported within other assets and amortized to selling expense over the contract term, which generally ranges from one to five years. The Company has elected to recognize the incremental costs of obtaining a contract with a term of less than one year as a selling expense when incurred. The Company did not have any deferred contract costs as of September 30, 2019 or December 31, 2018. The following tables disaggregate the Company’s revenue by major source for the three and nine months ended September 30, 2019 (in thousands): Three Months Ended September 30, 2019 Strong Cinema Convergent Strong Outdoor Other Total Screen system sales $ 4,441 $ - $ - $ - $ 4,441 Digital equipment sales 3,285 757 - - 4,042 Extended warranty sales 197 - - - 197 Other product sales 512 - - - 512 Total product sales 8,435 757 - - 9,192 Field maintenance and monitoring services 1,969 3,078 58 - 5,105 Installation services 473 611 - - 1,084 Advertising - - 1,173 - 1,173 Other service revenues 51 86 65 90 292 Total service revenues 2,493 3,775 1,296 90 7,654 Total $ 10,928 $ 4,532 $ 1,296 $ 90 $ 16,846 Nine Months Ended September 30, 2019 Strong Cinema Convergent Strong Outdoor Other Total Screen system sales $ 10,370 $ - $ - $ - $ 10,370 Digital equipment sales 6,396 2,248 - - 8,644 Extended warranty sales 582 - - - 582 Other product sales 1,238 6 - - 1,244 Total product sales 18,586 2,254 - - 20,840 Field maintenance and monitoring services 6,060 8,637 286 - 14,983 Installation services 1,540 4,194 - - 5,734 Advertising - - 3,127 - 3,127 Other service revenues 219 119 111 288 737 Total service revenues 7,819 12,950 3,524 288 24,581 Total $ 26,405 $ 15,204 $ 3,524 $ 288 $ 45,421 The following tables disaggregate the Company’s revenue by major source for the three and nine months ended September 30, 2018 (in thousands): Three Months Ended September 30, 2018 Strong Cinema Convergent Strong Outdoor Other Total Screen system sales $ 5,024 $ - $ - $ - $ 5,024 Digital equipment sales 2,126 586 - - 2,712 Extended warranty sales 213 - - - 213 Other product sales 450 18 - - 468 Total product sales 7,813 604 - - 8,417 Field maintenance and monitoring services 2,838 1,806 - - 4,644 Installation services 712 1,069 - - 1,781 Advertising - - 1,480 - 1,480 Other service revenues 68 - - 63 131 Total service revenues 3,618 2,875 1,480 63 8,036 Total $ 11,431 $ 3,479 $ 1,480 $ 63 $ 16,453 Nine Months Ended September 30, 2018 Strong Cinema Convergent Strong Outdoor Other Total Screen system sales $ 13,288 $ - $ - $ - $ 13,288 Digital equipment sales 7,198 1,742 - - 8,940 Extended warranty sales 804 - - - 804 Other product sales 1,552 18 - - 1,570 Total product sales 22,842 1,760 - - 24,602 Field maintenance and monitoring services 8,666 6,409 - - 15,075 Installation services 1,420 3,057 - - 4,477 Advertising - - 1,948 - 1,948 Other service revenues 165 - - 191 356 Total service revenues 10,251 9,466 1,948 191 21,856 Total $ 33,093 $ 11,226 $ 1,948 $ 191 $ 46,458 Screen system sales The Company recognizes revenue on the sale of its screen systems when control of the screen is transferred to the customer, usually at time of shipment. However, revenue is recognized upon delivery for certain international shipments with longer shipping transit time because control does not transfer to the customer until delivery. The cost of freight and shipping to the customer is recognized in cost of sales at the time of transfer of control to the customer. Digital equipment sales The Company recognizes revenue on sales of digital equipment when the control of the equipment is transferred, which occurs at the time of shipment from the Company’s warehouse or drop-shipment from a third party. The cost of freight and shipping to the customer is recognized in cost of sales at the time of transfer of control to the customer. Field maintenance and monitoring services The Company sells service contracts that provide maintenance and monitoring services to Strong Cinema and Convergent customers. In the Strong Cinema segment, these contracts are generally 12 months in length, while the term for service contracts in the Convergent segment can be for multiple years. Revenue related to service contracts is recognized over the term of the agreement in proportion to the costs incurred in fulfilling performance obligations under the contract. In addition to selling service contracts, the Company also performs discrete time and materials-based maintenance and repair work for customers in the Strong Cinema and Convergent segments. Revenue related to time and materials-based maintenance and repair work is recognized at the point in time when the performance obligation has been fully satisfied. Installation services The Company performs installation services for both its Strong Cinema and Convergent customers and recognizes revenue upon completion of the installations. Extended warranty sales The Company sells extended warranties to its Strong Cinema customers. When the Company is the primary obligor, revenue is recognized on a gross basis over the term of the extended warranty in proportion to the costs incurred in fulfilling performance obligations under the extended warranty. In third party extended warranty sales, the Company is not the primary obligor, and revenue is recognized on a net basis at the time of the sale. Advertising Strong Outdoor sells advertising space on top of taxicabs. Advertising revenue is recognized ratably over the contracted advertising periods. Timing of Revenue Recognition The following tables disaggregate the Company’s revenue by the timing of transfer of goods or services to the customer for the three and nine months ended September 30, 2019 (in thousands): Three Months Ended September 30, 2019 Strong Cinema Convergent Strong Outdoor Other Total Point in time $ 9,364 $ 1,518 $ 123 $ 49 $ 11,054 Over time 1,564 3,014 1,173 41 5,792 Total $ 10,928 $ 4,532 $ 1,296 $ 90 $ 16,846 Nine Months Ended September 30, 2019 Strong Cinema Convergent Strong Outdoor Other Total Point in time $ 21,746 $ 6,918 $ 397 $ 164 $ 29,225 Over time 4,659 8,286 3,127 124 16,196 Total $ 26,405 $ 15,204 $ 3,524 $ 288 $ 45,421 The following tables disaggregate the Company’s revenue by the timing of transfer of goods or services to the customer for the three and nine months ended September 30, 2018 (in thousands): Three Months Ended September 30, 2018 Strong Cinema Convergent Strong Outdoor Other Total Point in time $ 9,743 $ 1,875 $ - $ - $ 11,618 Over time 1,688 1,604 1,480 63 4,835 Total $ 11,431 $ 3,479 $ 1,480 $ 63 $ 16,453 Nine Months Ended September 30, 2018 Strong Cinema Convergent Strong Outdoor Other Total Point in time $ 27,814 $ 5,710 $ - $ - $ 33,524 Over time 5,279 5,516 1,948 191 12,934 Total $ 33,093 $ 11,226 $ 1,948 $ 191 $ 46,458 At September 30, 2019, the unearned revenue amount associated with maintenance and monitoring services, extended warranty sales and advertising services in which the Company is the primary obligor was $2.7 million. The Company expects to recognize $1.1 million of unearned revenue amounts throughout the rest of 2019, $1.6 million during 2020 and immaterial amounts during 2021-2023.

Loss Per Common Share

Loss Per Common Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Loss Per Common Share	4. Loss Per Common Share Basic loss per share has been computed on the basis of the weighted average number of shares of common stock outstanding. Diluted loss per share would be 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 and restricted stock units. However, because the Company reported losses in all periods presented, there were no differences between average shares used to compute basic and diluted loss per share for the three and nine months ended September 30, 2019 and 2018. The following table summarizes the weighted average shares used to compute basic and diluted loss per share: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Weighted average shares outstanding: Basic weighted average shares outstanding 14,494 14,392 14,476 14,366 Dilutive effect of stock options and certain non-vested restricted stock awards - - - - Diluted weighted average shares outstanding 14,494 14,392 14,476 14,366 For the three and nine months ended September 30, 2019, options to purchase 772,000 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 165,206 and 146,461 common stock equivalents related to options and restricted stock awards were excluded for the three and nine months ended September 30, 2019, respectively, as their inclusion would be anti-dilutive, thereby decreasing the net losses per share. For the three and nine months ended September 30, 2018, options to purchase 330,000 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 63,398 and 166,391 common stock equivalents related to options and restricted stock awards were excluded for the three and nine months ended September 30, 2018, respectively, as their inclusion would be anti-dilutive, thereby decreasing the net losses per share.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventories	5. Inventories Inventories consist of the following (in thousands): September 30, 2019 December 31, 2018 Raw materials and components $ 1,656 $ 1,422 Work in process 351 - Finished goods 1,388 2,068 $ 3,395 $ 3,490 The inventory balances are net of reserves of approximately $1.4 million as of both September 30, 2019 and December 31, 2018, respectively.

Investments

Investments	9 Months Ended
	Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Investments	6. Investments The following summarizes our investments (dollars in thousands): September 30, 2019 December 31, 2018 Carrying Amount Economic Interest Carrying Amount Economic Interest Equity Method Investments 1347 Property Insurance Holdings, Inc. $ 7,523 17.3 % $ 7,738 17.3 % Itasca Capital, Ltd. 2,923 32.3 % 3,429 32.3 % Total Equity Method Investments 10,446 11,167 Cost Method Investment Firefly Systems, Inc. 3,614 - Total Investments $ 14,060 $ 11,167 Equity Method Investments The following summarizes the (loss) income of equity method investees reflected in the condensed consolidated statements of operations (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Entity 1347 Property Insurance Holdings, Inc. $ (783 ) $ 23 $ (622 ) $ 603 Itasca Capital, Ltd. 287 (28 ) (601 ) (967 ) BK Technologies Corporation - 512 - 120 Total $ (496 ) $ 507 $ (1,223 ) $ (244 ) 1347 Property Insurance Holdings, Inc. (“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 is chairman of the board of directors of PIH, and controls entities that, when combined with the Company’s ownership in PIH, own greater than 20% of PIH, providing the Company with significant influence over PIH, but not controlling interest. The Company did not receive dividends from PIH during the three and nine months ended September 30, 2019 or 2018. On February 25, 2019, PIH announced a definitive agreement pursuant to which FedNat Holding Company will acquire substantially all of PIH’s homeowners’ insurance operations. PIH intends to maintain its Nasdaq listing and utilize the proceeds from the transaction to launch a new growth strategy focused on reinsurance, investment management and new investment opportunities. PIH intends to provide additional details on the rollout of this strategy prior to the closing of the transaction. On June 10, 2019, PIH held a special meeting of stockholders at which PIH’s stockholders approved the transaction. In addition, regulatory approvals have been obtained, subject to compliance with the consent orders issued by the insurance regulators, and the transaction is currently expected to close in December 2019. During the quarter ended June 30, 2019, as a result of the planned sale, PIH classified its homeowners’ insurance operations as discontinued operations. Based on quoted market prices, the market value of the Company’s ownership in PIH was $4.6 million at September 30, 2019. 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 chairman 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 three and nine months ended September 30, 2019 or 2018. Based on quoted market prices, the market value of the Company’s ownership in Itasca was $1.7 million at September 30, 2019. BK Technologies Corporation (“BKTI”) is a publicly traded holding company that, through its wholly-owned operating subsidiary BK Technologies, Inc., designs, manufactures and markets two-way land mobile radios, repeaters, base stations and related components and subsystems. BK Technologies Corporation became the parent company of BK Technologies, Inc. following the completion of a holding company reorganization on March 28, 2019. On September 9, 2018, the Company entered into an agreement with Fundamental Global Investors, LLC (“FGI”), a related party, where the Company sold its shares of common stock of BKTI to FGI. Due to the Company’s significant influence, but not controlling interest, in BKTI, the Company’s investment in BKTI was accounted for using the equity method. Prior to the sale of the BKTI common stock, the Company received dividends of $23 thousand and $0.1 million during the three and nine months ended September 30, 2018, respectively. As of September 30, 2019, the Company’s retained earnings included accumulated deficit from its equity method investees of $0.6 million. The summarized financial information presented below reflects the financial information of the Company’s equity method investees for the nine months ended June 30, 2019 and 2018, consistent with the Company’s recognition of the results of its equity method investments on a one-quarter lag (in thousands): For the nine months ended June 30, 2019 2018 Revenue (1) $ 16,713 $ 11,711 Operating (loss) income (1) $ (910 ) $ 2,130 Net (loss) income $ (5,490 ) $ 2,500 (1) Except for the three month periods ended December 31, 2018 and 2017, these amounts have been restated to reflect PIH’s reclassification of a signifcant portion of its business to discontinued operations. Cost Method Investment On May 21, 2019, SDM entered into a Taxicab Advertising Collaboration Agreement (the “Commercial Agreement”) and a Unit Purchase Agreement (the “Unit Purchase Agreement”) with Firefly Systems, Inc. (“Firefly”), pursuant to which SDM has agreed to make available to Firefly 300 digital taxi tops and the parties have agreed to coordinate the fulfilling of SDM’s agreements with the Metropolitan Taxicab Board of Trade, Inc. (“MTBOT”) and Creative Mobile Media, LLC (“CMM”), each dated February 8, 2018. Firefly has agreed to fulfill the digital taxi top advertising obligations under the MTBOT agreement and CMM agreement, and SDM has agreed to fulfill the non-digital taxi top advertising obligations under the MTBOT agreement and CMM agreement. The Company is a party to the Unit Purchase Agreement and has agreed to guarantee the payment obligations of SDM under the Commercial Agreement. As consideration for entering into these agreements, the Company received $4.8 million of Firefly’s Series A-2 preferred shares (“Firefly Shares”). The Firefly Shares, including those subsequently issued pursuant to an earn-out provision (if any), will be subject to a repurchase option for a period of three years to cover SDM’s indemnity obligations and other post-closing covenants under the Commercial Agreement and the Unit Purchase Agreement. As a condition of the transaction, SDM has agreed to hold the Firefly Shares in an investment fund managed by Fundamental Global Investors, LLC, the controlling stockholder of the Company, that is wholly owned by SDM. The 300 digital tops the Company has made available to Firefly are subject to a master equipment lease agreement the Company entered into during 2017. Pursuant to the master lease agreement and the Unit Purchase Agreement, the Company will remain the primary obligor until such time as the lease expires. In addition, of the $4.8 million of Firefly Shares received, $1.2 million are eligible for repurchase by Firefly if the Company does not exercise the purchase option contained within the master lease agreement. Accordingly, the Company has deferred recognizing an investment related to these Firefly Shares eligible for repurchase until such time it is reasonably certain the Company will exercise the purchase option. The transaction, in effect, transferred control of the underlying asset to Firefly. Therefore, the Company accounted for the transaction as a sales-type lease resulting in the derecognition of the $3.4 million right-of-use asset related to the master lease agreement and a selling profit of $0.2 million, which is recorded within other income (expense) on the condensed consolidated statement of operations. As additional consideration for the right to use the digital taxi tops, Firefly has agreed to pay for certain of Company’s operating expenses associated with the non-digital taxi tops. The Company concluded the payments that Firefly will make on its behalf are considered variable payments and were not included in the calculation of the selling profit. Therefore, the Company will record the benefit and the related operating expenses in the period when the changes in facts and circumstances on which the variable lease payments are based occur.

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	7. Intangible Assets Intangible assets consisted of the following at September 30, 2019 (dollars in thousands): Useful life Gross Accumulated Amortization Net (Years) Intangible assets not yet subject to amortization: Software in development $ 194 $ - $ 194 Intangible assets subject to amortization: Software in service 5 2,319 (966 ) 1,353 Product formulation 10 462 (408 ) $ 54 Total $ 2,975 $ (1,374 ) $ 1,601 Intangible assets consisted of the following at December 31, 2018 (dollars in thousands): Useful life Gross Accumulated Amortization Net (Years) Intangible assets not yet subject to amortization: Software in development $ 119 $ - $ 119 Intangible assets subject to amortization: Software in service 5 2,188 (595 ) 1,593 Product formulation 10 447 (364 ) 83 Total $ 2,754 $ (959 ) $ 1,795 Amortization expense relating to intangible assets was $0.1 million during each of the three months ended September 30, 2019 and 2018, and $0.4 million and $0.5 million during the nine months ended September 30, 2019 and 2018, respectively. During the nine months ended September 30, 2018, the Company also recorded an impairment charge of $1.3 million related to abandoned software in service in the Convergent segment as a loss on disposal of assets in the condensed consolidated statement of operations. The following table shows the Company’s estimated future amortization expense related to intangible assets currently subject to amortization for the next five years (in thousands): Remainder 2019 $ 131 2020 515 2021 476 2022 230 2023 55 Thereafter - Total $ 1,407

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	8. Goodwill The following represents a summary of changes in the Company’s carrying amount of goodwill for the nine months ended September 30, 2019 (in thousands): Balance as of December 31, 2018 $ 875 Foreign currency translation 27 Balance as of September 30, 2019 $ 902

Warranty Reserves

Warranty Reserves	9 Months Ended
	Sep. 30, 2019
Extended Product Warranty Disclosure [Abstract]
Warranty Reserves	9. 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. 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, 2019 and 2018 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Warranty accrual at beginning of period $ 328 $ 449 $ 350 $ 521 Charged to expense (1 ) 18 24 83 Claims paid, net of recoveries (16 ) (26 ) (70 ) (142 ) Foreign currency adjustment 2 8 9 (13 ) Warranty accrual at end of period $ 313 $ 449 $ 313 $ 449

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt	10. Debt The Company’s debt consists of the following (in thousands): September 30, 2019 December 31, 2018 Short-term debt: Strong/MDI installment loan $ 3,077 $ 3,152 Insurance note payable 46 - Current portion of long-term debt 979 1,094 Total short-term debt 4,102 4,246 Long-term debt: Sale-leaseback financing - 6,769 Equipment term loans 4,271 4,398 Total principal balance of long-term debt 4,271 11,167 Less: current portion (979 ) (1,094 ) Less: unamortized debt issuance costs (17 ) (20 ) Total long-term debt 3,275 10,053 Total short-term and long-term debt $ 7,377 $ 14,299 Equipment Term Loans On May 22, 2018, the Company’s subsidiary, Convergent, entered into an installment payment agreement with an equipment financing company in order to purchase media players and related equipment in an aggregate amount of up to approximately $4.4 million. Installment payments under each contract for purchase of the equipment are due monthly for a period of 60 months. The financing provided in the agreement is secured by the equipment, and the obligations under the agreement are recorded as long-term debt on the Company’s condensed consolidated balance sheet. In December 2018, Convergent entered into additional installment payment agreements with other financing companies in order to purchase additional media players and related equipment. This round of financing totaled approximately $0.6 million. In June 2019, Convergent entered into additional installment payment agreements with other financing companies in order to purchase additional media players and related equipment. This round of financing totaled approximately $0.2 million. Installment payments under each contract are due monthly for a period of 60 months. The financing under the agreements is secured by the equipment. The borrowings under the agreements are recorded as long-term debt on the Company’s consolidated balance sheet. Collectively, the Company had $4.3 million of outstanding borrowings under equipment term loan agreements at September 30, 2019, which bear interest at a weighted-average fixed rate of 7.6%. Strong/MDI Installment Loan 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 subject to a borrowing base requirement, a 20-year installment loan for up to CDN$6.0 million and a 5-year installment loan for up to CDN$500,000. Amounts outstanding under the line of credit are payable on demand and bear interest at the prime rate established by the lender. Amounts outstanding under the installment loans bear interest at the lender’s 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. On April 24, 2018, the Company borrowed CDN$3.5 million on the 20-year installment loan. There was CDN$4.1 million of principal outstanding on the 20-year installment loan as of September 30, 2019, which bears variable interest at 4.45%. Strong/MDI was in compliance with its debt covenants as of September 30, 2019. Sale-leaseback Financing On June 29, 2018, the Company and Convergent completed a sale-leaseback of Convergent’s Alpharetta, Georgia office facility. The transaction did not qualify for sale-leaseback accounting under the previous lease accounting standard and was accounted for as a financing liability. Upon adoption of ASC 842 during the first quarter of 2019, the Company derecognized approximately $6.8 million of debt associated with the previous accounting as a failed sale-leaseback. See Note 2 for additional details. Scheduled repayments are as follows for the Company’s long-term debt outstanding as of September 30, 2019 (in thousands): Remainder of 2019 $ 239 2020 1,002 2021 1,079 2022 1,146 2023 786 Thereafter 19 Total $ 4,271

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	11. Leases The Company and its subsidiaries lease plant and office facilities and equipment under operating and finance leases expiring through 2028. The Company determines if a contract is or contains a lease at inception or modification of a contract. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. Control over the use of the identified asset means the lessee has both (a) the right to obtain substantially all of the economic benefits from the use of the asset and (b) the right to direct the use of the asset. Right-of-use assets and liabilities are recognized based on the present value of future minimum lease payments over the expected lease term at commencement date. Certain of the leases contain extension options; however, the Company has not included such options as part of its right-of-use assets and lease liabilities because it does not expect to extend the leases. The Company measures and records a right-of-use asset and lease liability based on the discount rate implicit in the lease, if known. In cases where the discount rate implicit in the lease is not known, the Company measures the right-of-use assets and lease liabilities using a discount rate equal to the Company’s estimated incremental borrowing rate for loans with similar collateral and duration. The Company elected to not apply the recognition requirements of Topic 842 to leases of all classes of underlying assets that, at the commencement date, have a lease term of 12 months or less and do not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise. Instead, lease payments for such short-term leases are recognized in profit or loss on a straight-line basis over the lease term and variable lease payments in the period in which the obligation for those payments is incurred. The Company elected, as a lessee, for all classes of underlying assets, to not separate nonlease components from lease components and instead to account for each separate lease component and the nonlease components associated with that lease component as a single lease component. The following tables present the Company’s lease costs and other lease information (dollars in thousands): Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Lease cost Finance lease cost: Amortization of right-of-use assets $ 282 $ 420 Interest on lease liabilities 142 184 Operating lease cost 421 1,751 Short-term lease cost 12 21 Sublease income (120 ) (313 ) Net lease cost $ 737 $ 2,063 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Other information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 142 $ 184 Operating cash flows from operating leases $ 333 $ 1,567 Financing cash flows from finance leases $ 282 $ 420 Right-of-use assets obtained in exchange for new finance lease liabilities $ 902 $ 1,613 Right-of-use assets obtained in exchange for new operating lease liabilities $ - $ 644 Derecognition of right-of-use asset in connection with Firefly transaction $ - $ 3,394 As of September 30, 2019 Weighted-average remaining lease term - finance leases (years) 3.5 Weighted-average remaining lease term - operating leases (years) 7.5 Weighted-average discount rate - finance leases 12.6 % Weighted-average discount rate - operating leases 5.0 % The following table presents a maturity analysis of the Company’s finance and operating lease liabilities as of September 30, 2019 (in thousands): Operating Leases Finance Leases Remainder 2019 $ 322 $ 476 2020 1,159 1,882 2021 1,061 1,882 2022 721 1,650 2023 656 353 Thereafter 3,116 87 Total lease payments 7,035 6,330 Less: Amount representing interest (1,202 ) (1,219 ) Present value of lease payments 5,833 5,111 Less: Current maturities (939 ) (1,317 ) Lease obligations, net of current portion $ 4,894 $ 3,794 The Company subleases certain office and warehouse space and equipment to third parties. Sublease income is included in net service revenues in the condensed consolidated statements of operations. The following table presents a maturity analysis of the Company’s long-term subleases (in thousands): Remainder 2019 $ 54 2020 163 2021 137 2022 23 2023 - Thereafter - Total sublease payments $ 377 The Company leases certain equipment to customers as a component of its Digital Signage as a Service (“DSaaS”) offering. Under DSaaS, the Company provides support, maintenance and content management services in addition to the use of a media player to the customer. The Company elected, as a lessor, for all classes of underlying assets, to not separate nonlease components from lease components and, instead, to account for each separate lease component and the nonlease components associated with that lease component as a single component if the nonlease components otherwise would be accounted for under Accounting Standards Codification Topic 606 on revenue from contracts with customers, and both of the following conditions are met: 1) the timing and pattern of transfer for the lease component and nonlease components associated with that lease component are the same and 2) the lease component, if accounted for separately, would be classified as an operating lease in accordance with Topic 842. The combined component is accounted for as a single performance obligation under Topic 606 if the nonlease component or components are the predominant component(s) of the combined component. Otherwise, if the lease component is the predominant component, the combined component is accounted for as an operating lease under ASC 842. In the case of the Company’s DSaaS contracts, the nonlease components are predominant; therefore, revenue from DSaaS contracts is accounted for under Topic 606 and is included in net service revenues in the condensed consolidated statements of operations.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	12. 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, 2019 and December 31, 2018. The Company is subject to possible examinations not yet initiated for Federal purposes for fiscal years 2015 through 2018. In most cases, the Company is subject to possible examinations by state or local jurisdictions based on the particular jurisdiction’s statute of limitations.

Stock Compensation

Stock Compensation	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Stock Compensation	13. Stock Compensation The Company recognizes compensation expense for all stock-based payment awards made to employees and directors based on estimated grant date fair values. Stock-based compensation expense included in selling and administrative expenses approximated $0.3 million and $0.2 million for the three months ended September 30, 2019 and 2018, respectively, and $0.8 million and $0.6 million for the nine months ended September 30, 2019 and 2018, respectively. The Company’s 2017 Omnibus Equity Compensation Plan (“2017 Plan”) was approved by the Company’s stockholders 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 stock-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 authorized for issuance under the 2017 Plan is 1,371,189 shares, with 391,778 shares remaining available for grant at September 30, 2019. Stock Options The Company granted a total of 295,000 and 387,500 stock options during the nine months ended September 30, 2019 and 2018, 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 months ended September 30, 2019 and 2018 was $2.91 and $1.82, 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: 2019 2018 Expected dividend yield at date of grant 0.00% 0.00% Risk-free interest rate 1.62% - 1.98% 2.49% Expected stock price volatility 47.9% - 50.6% 35.6% Expected life of options (in years) 6.0 6.0 The risk-free interest rate assumptions were based on the U.S. Treasury yield curve in effect at the time of the grant. Expected volatility is based on historical daily price changes of the Company’s stock for six years prior to the date of grant. The expected life of options is the average number of years the Company estimates that stock options will be outstanding. The following table summarizes stock option activity for the nine months ended September 30, 2019: Number of Weighted Weighted Aggregate Outstanding at December 31, 2018 867,000 $ 5.06 8.3 $ - Granted 295,000 2.91 Exercised - - Forfeited (41,500 ) 5.29 Expired (13,500 ) 5.38 Outstanding at September 30, 2019 1,107,000 $ 4.47 8.1 $ 104 Exercisable at September 30, 2019 294,000 $ 5.18 7.0 $ - 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 the date indicated. As of September 30, 2019, 813,000 stock option awards were non-vested. Unrecognized compensation cost related to stock option awards was approximately $1.2 million, which is expected to be recognized over a weighted average period of 3.4 years. Restricted Stock Shares and Restricted Stock Units The Company granted a total of 417,378 and 147,500 restricted stock units during the nine months ended September 30, 2019 and 2018, respectively. 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. The following table summarizes restricted stock share activity for the nine months ended September 30, 2019: Number of Restricted Weighted Average Grant Non-vested at December 31, 2018 46,667 $ 6.50 Granted - - Shares vested (23,333 ) 6.50 Shares forfeited - - Non-vested at September 30, 2019 23,334 $ 6.50 The following table summarizes restricted stock unit activity for the nine months ended September 30, 2019: Number of Restricted Weighted Average Grant Non-vested at December 31, 2018 277,498 $ 3.33 Granted 417,378 2.95 Shares vested (75,833 ) 3.87 Shares forfeited - - Non-vested at September 30, 2019 619,043 $ 2.10 As of September 30, 2019, the total unrecognized compensation cost related to non-vested restricted stock awards was approximately $1.5 million, which is expected to be recognized over a weighted average period of 2.3 years.

Commitments, Contingencies and

Commitments, Contingencies and Concentrations	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Concentrations	14. Commitments, Contingencies and Concentrations Litigation The Company is involved, from time to time, in certain legal disputes in the ordinary course of business operations. No such disputes, individually or in the aggregate, are expected to have a material effect on the Company’s business or financial condition. Concentrations The Company’s top ten customers accounted for approximately 59% and 53% of total consolidated net revenues for the three and nine months ended September 30, 2019, respectively. Trade accounts receivable from these customers represented approximately 53% of net consolidated receivables at September 30, 2019. The Company had one customer account for more than 10% of its net revenues during the three and nine months ended September 30, 2019. In addition, the Company had two customers account for more than 10% of net consolidated receivables at September 30, 2019. 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 risk, the Company performs ongoing credit evaluations of its customers’ financial condition. Insurance Recoveries During February 2019, one portion of Strong/MDI’s Quebec, Canada facility sustained damage as a result of inclement weather. The Company has property and casualty and business interruption insurance and has been working with its insurance carrier with regard to the insurance claims for reimbursement of incurred costs of the affected portion of the facility and compensation for the Company’s business interruption losses. The insurance company has informed the Company that it has established preliminary loss reserves for both property and casualty claims and business interruption claims. However, those claims reserves are estimates based on preliminary information and are subject to change as the insurance carrier completes its analyses and continues its claims review process over the next several months. The ultimate amount of insurance proceeds to be received by the Company could be significantly different than the insurance company’s reserve estimates. During the nine months ended September 30, 2019, the insurance carrier advanced $1.8 million of insurance proceeds to the Company, which includes $1.2 million related to the property and casualty claim and the remaining $0.6 million related to our business interruption claim. Any additional future claims payments are at the discretion of the insurance carrier based on its continuing claims analysis. For the nine months ended September 30, 2019, the Company recorded total insurance recoveries of its incurred costs totaling $0.8 million. Of the $0.8 million of insurance recoveries during the nine months ended September 30, 2019, $0.6 million related to the property and casualty claim and $0.2 million related to the business interruption claim. Those recoveries offset the operating costs detailed above, and effectively offset the incremental costs incurred by the Company in the first nine months of 2019. During the nine months ended September 30, 2019, the Company recorded a gain of $0.7 million related to its property and casualty claim. The remaining $0.4 million of proceeds received in connection with the business interruption claim has been recorded within accrued expenses on the condensed consolidated balance sheet as of September 30, 2019. Recovery of lost profit under the business interruption coverage will be reflected in future periods as contingencies are resolved and the amounts are confirmed with the insurer.

Business Segment Information

Business Segment Information	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Business Segment Information	15. Business Segment Information The Company conducts its operations through three primary business segments: Strong Cinema, Convergent and Strong Outdoor. Strong Cinema is one of the largest manufacturers of premium projection screens and also manufactures customized screen support systems, distributes other products and provides technical support services to the cinema, amusement park and other markets. Convergent delivers digital signage solutions and related services to large multi-location organizations in the United States and Canada. Strong Outdoor provides outdoor advertising and experiential marketing to corporate customers. The Company’s operating segments were determined based on the manner in which management organizes segments for making operating decisions and assessing performance. During the fourth quarter 2018, the Company separated its former Digital Media segment into separate Convergent and Strong Outdoor segments. All prior periods have been recast in our segment reporting to reflect the current segment organization. Summary by Business Segments Three Months Ended Nine Months Ended September 30, 2019 2018 2019 2018 (in thousands) (in thousands) Net revenues Strong Cinema $ 10,928 $ 11,431 $ 26,405 $ 33,093 Convergent 4,532 3,479 15,204 11,226 Strong Outdoor 1,296 1,480 3,524 1,948 Other 90 63 288 191 Total net revenues 16,846 16,453 45,421 46,458 Gross profit (loss) Strong Cinema 3,669 4,415 8,621 11,015 Convergent 1,469 (51 ) 4,622 580 Strong Outdoor 585 (897 ) (1,839 ) (4,116 ) Other 90 63 287 191 Total gross profit 5,813 3,530 11,691 7,670 Operating income (loss) Strong Cinema 2,230 3,383 4,646 7,681 Convergent 394 (1,413 ) 1,467 (5,170 ) Strong Outdoor (224 ) (1,175 ) (3,829 ) (4,951 ) Other (206 ) (57 ) (603 ) (202 ) Total segment operating income (loss) 2,194 738 1,681 (2,642 ) Unallocated administrative expenses (2,128 ) (1,712 ) (6,515 ) (6,939 ) Unallocated loss on disposal of assets - (818 ) - (818 ) Income (loss) from operations 66 (1,792 ) (4,834 ) (10,399 ) Other (expense) income, net (627 ) 561 (2,004 ) 718 Loss before income taxes and equity method investment loss $ (561 ) $ (1,231 ) $ (6,838 ) $ (9,681 ) (In thousands) September 30, 2019 December 31, 2018 Identifiable assets Strong Cinema $ 21,385 $ 27,009 Convergent 16,824 14,024 Strong Outdoor 3,306 3,454 Corporate assets 19,265 15,150 Total $ 60,780 $ 59,637 Summary by Geographical Area Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2019 2018 2019 2018 Net revenue United States $ 13,691 $ 12,495 $ 38,519 $ 36,196 Canada 1,111 1,234 2,664 4,148 China 633 1,581 1,763 2,867 Mexico 65 206 70 1,293 Latin America 275 256 574 659 Europe 521 456 1,058 809 Asia (excluding China) 348 160 515 337 Other 202 65 258 149 Total $ 16,846 $ 16,453 $ 45,421 $ 46,458 (In thousands) September 30, 2019 December 31, 2018 Identifiable assets United States $ 43,813 $ 42,780 Canada 16,967 16,857 Total $ 60,780 $ 59,637 Net revenues by business segment are to unaffiliated customers. Net revenues by geographical area are based on destination of sales. Identifiable assets by geographical area are based on location of facilities.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
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 (also referred to as “GAAP”) for annual reporting purposes or those made in the Company’s Annual Report on Form 10-K. 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 for the fiscal year ended December 31, 2018. The condensed consolidated balance sheet as of December 31, 2018 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. Certain prior period balances have been reclassified to conform to current period presentation. The results for interim periods are not necessarily indicative of trends or results expected for a full year. Unless otherwise indicated, all references to “dollars” and “$” in this Quarterly Report on Form 10-Q are to, and amounts are presented in, U.S. dollars.
Use of Management Estimates	Use of Management Estimates The preparation of consolidated financial statements in conformity with 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 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.
Restricted Cash	Restricted Cash Restricted cash represents amounts held in a collateral account for the Company’s corporate travel and purchasing credit card program.
Accounts Receivable	Accounts Receivable Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The Company determines the allowance for doubtful accounts based on several factors, including overall customer credit quality, historical write-off experience and a specific analysis that projects the ultimate collectability of the account. As such, these factors may change over time causing the allowance level and bad debt expense to be adjusted accordingly.
Investments	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 income (loss) resulting from these investments is reported under the line item captioned “equity method investment income (loss)” in our condensed consolidated statements of operations. The Company’s equity method investments are reported 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. We apply the cost method of accounting to investments when we do not have significant influence or a controlling interest in the investee and the fair value of the investment is not readily determinable. Dividends on cost method investments received are recorded as income. The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. Management reviewed the underlying net assets of the investments during the three and nine months ended September 30, 2019 and determined that the Company’s proportionate economic interest in the investments indicate that the investments were not other than temporarily impaired. The carrying value of our equity method and cost method investments is reported in “investments” in the condensed consolidated balance sheets. Note 6 contains additional information on our equity method and cost method investments.
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 are classified, as of September 30, 2019 and December 31, 2018. Fair values measured on a recurring basis at September 30, 2019 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 4,388 $ - $ - $ 4,388 Restricted cash 350 - - 350 Notes receivable - - 1,812 1,812 Total $ 4,738 $ - $ 1,812 $ 6,550 Fair values measured on a recurring basis at December 31, 2018 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 6,698 $ - $ - $ 6,698 Restricted cash 350 - 350 Notes receivable - - 3,965 3,965 Total $ 7,048 $ - $ 3,965 $ 11,013 The following table reconciles the beginning and ending balance of the Company’s notes receivable at fair value (in thousands): Nine Months Ended September 30, 2019 2018 Notes receivable balance, beginning of period $ 3,965 $ 2,815 Fair value adjustment (2,153 ) 953 Notes receivable balance, end of period $ 1,812 $ 3,768 Quantitative information about the Company’s level 3 fair value measurements at September 30, 2019 is set forth below (in thousands): Fair value at September 30, 2019 Valuation technique Unobservable input Value Notes receivable $ 1,812 Discounted cash flow Default percentage 72 % Discount rate 18 % During 2011, the Company entered into certain unsecured notes receivable arrangements with CDF2 Holdings, LLC pertaining to the sale and installation of digital projection equipment. The notes receivable accrue interest at a rate of 15% per annum. Interest not paid in any particular year is added to the principal and also accrues interest at 15%. The notes receivable are recorded at estimated fair value. In order to estimate the fair value, the Company reviews the financial position and estimated cash flows of the debtor of the notes receivable on a quarterly basis. The Company recorded a decrease to the fair value of the notes receivable of $2.2 million during the nine months ended September 30, 2019 and an increase to the fair value of the notes receivable of $1.0 million during the nine months ended September 30, 2018. The adjustments to the fair value of the notes receivable are included in other (expense) income on the Company’s condensed consolidated statements of operations. The significant unobservable inputs used in the fair value measurement of the Company’s notes receivable are discount rate and percentage of default. Significant increases (decreases) in any of these inputs in isolation would result in a significantly lower (higher) fair value measurement. The Company’s short-term and long-term debt is recorded at historical cost. As of September 30, 2019, the Company’s long-term debt, including current maturities, had a carrying value of $4.3 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, 2019 was $3.8 million. The carrying values of all 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 6 includes fair value information related to our equity and cost method investments. All non-financial assets that are not recognized or disclosed at fair value in the financial statements on a recurring basis, which include non-financial long-lived assets, are measured at fair value in certain circumstances (for example, when there is evidence of impairment). During the three and nine months ended September 30, 2018, the Company recorded impairment charges of $0.8 million and $2.1 million, respectively, related to the abandonment of internally developed software intangible assets as a loss on disposal of assets in the condensed consolidated statement of operations. Other than the intangible asset impairment, the Company did not have any significant non-recurring measurements of non-financial assets or liabilities during the three and nine months ended September 30, 2019 or 2018.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-02, “Leases (Topic 842),” which was further clarified by ASU 2018-11, “Leases – Targeted Improvements,” issued in July 2018. 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 and initially required a modified retrospective transition method under which entities would initially apply Topic 842 at the beginning of the earliest period presented in the financial statements. ASU 2018-11 added an additional optional transition method allowing entities to apply Topic 842 as of the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company adopted Topic 842 using the optional transition method from ASU 2018-11 as of January 1, 2019. Upon adoption, the Company recorded a balance sheet gross-up of approximately $4.7 million to record operating lease liabilities and related right-of-use assets. In addition, the sale-leaseback of the Company’s Alpharetta, Georgia office facility in June 2018, which did not qualify for sale-leaseback accounting under the previous lease accounting standard, qualified for sale-leaseback accounting under Topic 842, as Topic 842 eliminated the concept of continuing involvement by the seller-lessee precluding sale-leaseback accounting. Upon adoption, the Company recorded a cumulative effect adjustment increasing retained earnings by approximately $2.8 million, which represents the gain on the sale of the facility. The Company also derecognized approximately $4.0 million of net land and building assets and approximately $6.8 million of debt associated with the previous accounting as a failed sale-leaseback and recorded approximately $5.0 million of operating lease right-of-use assets and liabilities for the leaseback under Topic 842. See Note 11 for more information about the Company’s leases. In August 2018, the Securities and Exchange Commission (the “SEC”) adopted the final rule under SEC Release No. 33-10532, “Disclosure Update and Simplification,” amending certain disclosure requirements that were redundant, duplicative, overlapping, outdated or superseded. In addition, the amendments expanded the disclosure requirements on the analysis of stockholders’ equity for interim financial statements. Under the amendments, an analysis of changes in each caption of stockholders’ equity presented in the balance sheet must be provided in a note or separate statement. The analysis should present a reconciliation of the beginning balance to the ending balance of each period for which a statement of comprehensive income is required to be filed. The final rule is effective for all filings made on and after November 5, 2018. Given the effective date and proximity to most filers’ quarterly reports, the SEC did not object to filers deferring the presentation of changes in stockholders’ equity in their quarterly reports on Forms 10-Q until the quarter beginning after November 5, 2018. The Company elected to provide the required disclosure in a separate statement of stockholders’ equity beginning with Form 10-Q for the quarter ended March 31, 2019. 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 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 with early adoption permitted. The Company adopted ASU 2017-04 in the first quarter of 2019. Adoption of ASU 2017-04 did not significantly impact the Company’s results of operations or financial position.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements 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. In July 2019, the FASB announced its intention to propose an extended effective date of January 1, 2023 for adoption of the ASU by smaller reporting companies. In October 2019, the FASB voted in favor of finalizing its proposal to defer the effective date of this standard. Subject to any additional guidance or clarification from the FASB or the SEC, management believes the Company will qualify for this proposed deferral. The Company believes the adoption of this ASU will not significantly impact its results of operations and financial position.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Schedule of Fair Value Measured Financial Assets and Liabilities	Fair values measured on a recurring basis at September 30, 2019 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 4,388 $ - $ - $ 4,388 Restricted cash 350 - - 350 Notes receivable - - 1,812 1,812 Total $ 4,738 $ - $ 1,812 $ 6,550 Fair values measured on a recurring basis at December 31, 2018 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 6,698 $ - $ - $ 6,698 Restricted cash 350 - 350 Notes receivable - - 3,965 3,965 Total $ 7,048 $ - $ 3,965 $ 11,013
Summary of Notes Receivable Reconciliation	The following table reconciles the beginning and ending balance of the Company’s notes receivable at fair value (in thousands): Nine Months Ended September 30, 2019 2018 Notes receivable balance, beginning of period $ 3,965 $ 2,815 Fair value adjustment (2,153 ) 953 Notes receivable balance, end of period $ 1,812 $ 3,768
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, 2019 is set forth below (in thousands): Fair value at September 30, 2019 Valuation technique Unobservable input Value Notes receivable $ 1,812 Discounted cash flow Default percentage 72 % Discount rate 18 %

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2019
Major Source [Member]
Schedule of Disaggregation of Revenue	The following tables disaggregate the Company’s revenue by major source for the three and nine months ended September 30, 2019 (in thousands): Three Months Ended September 30, 2019 Strong Cinema Convergent Strong Outdoor Other Total Screen system sales $ 4,441 $ - $ - $ - $ 4,441 Digital equipment sales 3,285 757 - - 4,042 Extended warranty sales 197 - - - 197 Other product sales 512 - - - 512 Total product sales 8,435 757 - - 9,192 Field maintenance and monitoring services 1,969 3,078 58 - 5,105 Installation services 473 611 - - 1,084 Advertising - - 1,173 - 1,173 Other service revenues 51 86 65 90 292 Total service revenues 2,493 3,775 1,296 90 7,654 Total $ 10,928 $ 4,532 $ 1,296 $ 90 $ 16,846 Nine Months Ended September 30, 2019 Strong Cinema Convergent Strong Outdoor Other Total Screen system sales $ 10,370 $ - $ - $ - $ 10,370 Digital equipment sales 6,396 2,248 - - 8,644 Extended warranty sales 582 - - - 582 Other product sales 1,238 6 - - 1,244 Total product sales 18,586 2,254 - - 20,840 Field maintenance and monitoring services 6,060 8,637 286 - 14,983 Installation services 1,540 4,194 - - 5,734 Advertising - - 3,127 - 3,127 Other service revenues 219 119 111 288 737 Total service revenues 7,819 12,950 3,524 288 24,581 Total $ 26,405 $ 15,204 $ 3,524 $ 288 $ 45,421 The following tables disaggregate the Company’s revenue by major source for the three and nine months ended September 30, 2018 (in thousands): Three Months Ended September 30, 2018 Strong Cinema Convergent Strong Outdoor Other Total Screen system sales $ 5,024 $ - $ - $ - $ 5,024 Digital equipment sales 2,126 586 - - 2,712 Extended warranty sales 213 - - - 213 Other product sales 450 18 - - 468 Total product sales 7,813 604 - - 8,417 Field maintenance and monitoring services 2,838 1,806 - - 4,644 Installation services 712 1,069 - - 1,781 Advertising - - 1,480 - 1,480 Other service revenues 68 - - 63 131 Total service revenues 3,618 2,875 1,480 63 8,036 Total $ 11,431 $ 3,479 $ 1,480 $ 63 $ 16,453 Nine Months Ended September 30, 2018 Strong Cinema Convergent Strong Outdoor Other Total Screen system sales $ 13,288 $ - $ - $ - $ 13,288 Digital equipment sales 7,198 1,742 - - 8,940 Extended warranty sales 804 - - - 804 Other product sales 1,552 18 - - 1,570 Total product sales 22,842 1,760 - - 24,602 Field maintenance and monitoring services 8,666 6,409 - - 15,075 Installation services 1,420 3,057 - - 4,477 Advertising - - 1,948 - 1,948 Other service revenues 165 - - 191 356 Total service revenues 10,251 9,466 1,948 191 21,856 Total $ 33,093 $ 11,226 $ 1,948 $ 191 $ 46,458
Timing of Transfer [Member]
Schedule of Disaggregation of Revenue	The following tables disaggregate the Company’s revenue by the timing of transfer of goods or services to the customer for the three and nine months ended September 30, 2019 (in thousands): Three Months Ended September 30, 2019 Strong Cinema Convergent Strong Outdoor Other Total Point in time $ 9,364 $ 1,518 $ 123 $ 49 $ 11,054 Over time 1,564 3,014 1,173 41 5,792 Total $ 10,928 $ 4,532 $ 1,296 $ 90 $ 16,846 Nine Months Ended September 30, 2019 Strong Cinema Convergent Strong Outdoor Other Total Point in time $ 21,746 $ 6,918 $ 397 $ 164 $ 29,225 Over time 4,659 8,286 3,127 124 16,196 Total $ 26,405 $ 15,204 $ 3,524 $ 288 $ 45,421 The following tables disaggregate the Company’s revenue by the timing of transfer of goods or services to the customer for the three and nine months ended September 30, 2018 (in thousands): Three Months Ended September 30, 2018 Strong Cinema Convergent Strong Outdoor Other Total Point in time $ 9,743 $ 1,875 $ - $ - $ 11,618 Over time 1,688 1,604 1,480 63 4,835 Total $ 11,431 $ 3,479 $ 1,480 $ 63 $ 16,453 Nine Months Ended September 30, 2018 Strong Cinema Convergent Strong Outdoor Other Total Point in time $ 27,814 $ 5,710 $ - $ - $ 33,524 Over time 5,279 5,516 1,948 191 12,934 Total $ 33,093 $ 11,226 $ 1,948 $ 191 $ 46,458

Loss Per Common Share (Tables)

Loss Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of Reconciliation Weighted Average Between Basic and Diluted Earnings Per Share	The following table summarizes the weighted average shares used to compute basic and diluted loss per share: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Weighted average shares outstanding: Basic weighted average shares outstanding 14,494 14,392 14,476 14,366 Dilutive effect of stock options and certain non-vested restricted stock awards - - - - Diluted weighted average shares outstanding 14,494 14,392 14,476 14,366

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following (in thousands): September 30, 2019 December 31, 2018 Raw materials and components $ 1,656 $ 1,422 Work in process 351 - Finished goods 1,388 2,068 $ 3,395 $ 3,490

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Summary of Investments	The following summarizes our investments (dollars in thousands): September 30, 2019 December 31, 2018 Carrying Amount Economic Interest Carrying Amount Economic Interest Equity Method Investments 1347 Property Insurance Holdings, Inc. $ 7,523 17.3 % $ 7,738 17.3 % Itasca Capital, Ltd. 2,923 32.3 % 3,429 32.3 % Total Equity Method Investments 10,446 11,167 Cost Method Investment Firefly Systems, Inc. 3,614 - Total Investments $ 14,060 $ 11,167
Summary of Income (Loss) of Equity Method Investees	The following summarizes the (loss) income of equity method investees reflected in the condensed consolidated statements of operations (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Entity 1347 Property Insurance Holdings, Inc. $ (783 ) $ 23 $ (622 ) $ 603 Itasca Capital, Ltd. 287 (28 ) (601 ) (967 ) BK Technologies Corporation - 512 - 120 Total $ (496 ) $ 507 $ (1,223 ) $ (244 )
Summarized Financial Information	The summarized financial information presented below reflects the financial information of the Company’s equity method investees for the nine months ended June 30, 2019 and 2018, consistent with the Company’s recognition of the results of its equity method investments on a one-quarter lag (in thousands): For the nine months ended June 30, 2019 2018 Revenue (1) $ 16,713 $ 11,711 Operating (loss) income (1) $ (910 ) $ 2,130 Net (loss) income $ (5,490 ) $ 2,500 (1) Except for the three month periods ended December 31, 2018 and 2017, these amounts have been restated to reflect PIH’s reclassification of a signifcant portion of its business to discontinued operations.

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets consisted of the following at September 30, 2019 (dollars in thousands): Useful life Gross Accumulated Amortization Net (Years) Intangible assets not yet subject to amortization: Software in development $ 194 $ - $ 194 Intangible assets subject to amortization: Software in service 5 2,319 (966 ) 1,353 Product formulation 10 462 (408 ) $ 54 Total $ 2,975 $ (1,374 ) $ 1,601 Intangible assets consisted of the following at December 31, 2018 (dollars in thousands): Useful life Gross Accumulated Amortization Net (Years) Intangible assets not yet subject to amortization: Software in development $ 119 $ - $ 119 Intangible assets subject to amortization: Software in service 5 2,188 (595 ) 1,593 Product formulation 10 447 (364 ) 83 Total $ 2,754 $ (959 ) $ 1,795
Schedule of Intangible Assets Future Amortization Expense	The following table shows the Company’s estimated future amortization expense related to intangible assets currently subject to amortization for the next five years (in thousands): Remainder 2019 $ 131 2020 515 2021 476 2022 230 2023 55 Thereafter - Total $ 1,407

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2019
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, 2019 (in thousands): Balance as of December 31, 2018 $ 875 Foreign currency translation 27 Balance as of September 30, 2019 $ 902

Warranty Reserves (Tables)

Warranty Reserves (Tables)	9 Months Ended
	Sep. 30, 2019
Extended Product Warranty Disclosure [Abstract]
Schedule of Product Warranty Liability	The following table summarizes warranty activity for the three and nine months ended September 30, 2019 and 2018 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Warranty accrual at beginning of period $ 328 $ 449 $ 350 $ 521 Charged to expense (1 ) 18 24 83 Claims paid, net of recoveries (16 ) (26 ) (70 ) (142 ) Foreign currency adjustment 2 8 9 (13 ) Warranty accrual at end of period $ 313 $ 449 $ 313 $ 449

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Debt	The Company’s debt consists of the following (in thousands): September 30, 2019 December 31, 2018 Short-term debt: Strong/MDI installment loan $ 3,077 $ 3,152 Insurance note payable 46 - Current portion of long-term debt 979 1,094 Total short-term debt 4,102 4,246 Long-term debt: Sale-leaseback financing - 6,769 Equipment term loans 4,271 4,398 Total principal balance of long-term debt 4,271 11,167 Less: current portion (979 ) (1,094 ) Less: unamortized debt issuance costs (17 ) (20 ) Total long-term debt 3,275 10,053 Total short-term and long-term debt $ 7,377 $ 14,299
Schedule of Long-term Debt Maturities	Scheduled repayments are as follows for the Company’s long-term debt outstanding as of September 30, 2019 (in thousands): Remainder of 2019 $ 239 2020 1,002 2021 1,079 2022 1,146 2023 786 Thereafter 19 Total $ 4,271

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of Lease Costs and Other Lease Information	The following tables present the Company’s lease costs and other lease information (dollars in thousands): Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Lease cost Finance lease cost: Amortization of right-of-use assets $ 282 $ 420 Interest on lease liabilities 142 184 Operating lease cost 421 1,751 Short-term lease cost 12 21 Sublease income (120 ) (313 ) Net lease cost $ 737 $ 2,063 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Other information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 142 $ 184 Operating cash flows from operating leases $ 333 $ 1,567 Financing cash flows from finance leases $ 282 $ 420 Right-of-use assets obtained in exchange for new finance lease liabilities $ 902 $ 1,613 Right-of-use assets obtained in exchange for new operating lease liabilities $ - $ 644 Derecognition of right-of-use asset in connection with Firefly transaction $ - $ 3,394 As of September 30, 2019 Weighted-average remaining lease term - finance leases (years) 3.5 Weighted-average remaining lease term - operating leases (years) 7.5 Weighted-average discount rate - finance leases 12.6 % Weighted-average discount rate - operating leases 5.0 %
Schedule of Future Minimum Lease Payments	The following table presents a maturity analysis of the Company’s finance and operating lease liabilities as of September 30, 2019 (in thousands): Operating Leases Finance Leases Remainder 2019 $ 322 $ 476 2020 1,159 1,882 2021 1,061 1,882 2022 721 1,650 2023 656 353 Thereafter 3,116 87 Total lease payments 7,035 6,330 Less: Amount representing interest (1,202 ) (1,219 ) Present value of lease payments 5,833 5,111 Less: Current maturities (939 ) (1,317 ) Lease obligations, net of current portion $ 4,894 $ 3,794
Schedule of Maturity Analysis of Long-term Subleases	The following table presents a maturity analysis of the Company’s long-term subleases (in thousands): Remainder 2019 $ 54 2020 163 2021 137 2022 23 2023 - Thereafter - Total sublease payments $ 377

Stock Compensation (Tables)

Stock Compensation (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [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: 2019 2018 Expected dividend yield at date of grant 0.00% 0.00% Risk-free interest rate 1.62% - 1.98% 2.49% Expected stock price volatility 47.9% - 50.6% 35.6% Expected life of options (in years) 6.0 6.0
Summary of Stock Options Activities	The following table summarizes stock option activity for the nine months ended September 30, 2019: Number of Weighted Weighted Aggregate Outstanding at December 31, 2018 867,000 $ 5.06 8.3 $ - Granted 295,000 2.91 Exercised - - Forfeited (41,500 ) 5.29 Expired (13,500 ) 5.38 Outstanding at September 30, 2019 1,107,000 $ 4.47 8.1 $ 104 Exercisable at September 30, 2019 294,000 $ 5.18 7.0 $ -
Summary of Restricted Stock Activity	The following table summarizes restricted stock share activity for the nine months ended September 30, 2019: Number of Restricted Weighted Average Grant Non-vested at December 31, 2018 46,667 $ 6.50 Granted - - Shares vested (23,333 ) 6.50 Shares forfeited - - Non-vested at September 30, 2019 23,334 $ 6.50
Schedule of Nonvested Restricted Stock Units Activity	The following table summarizes restricted stock unit activity for the nine months ended September 30, 2019: Number of Restricted Weighted Average Grant Non-vested at December 31, 2018 277,498 $ 3.33 Granted 417,378 2.95 Shares vested (75,833 ) 3.87 Shares forfeited - - Non-vested at September 30, 2019 619,043 $ 2.10

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information by Segment	Summary by Business Segments Three Months Ended Nine Months Ended September 30, 2019 2018 2019 2018 (in thousands) (in thousands) Net revenues Strong Cinema $ 10,928 $ 11,431 $ 26,405 $ 33,093 Convergent 4,532 3,479 15,204 11,226 Strong Outdoor 1,296 1,480 3,524 1,948 Other 90 63 288 191 Total net revenues 16,846 16,453 45,421 46,458 Gross profit (loss) Strong Cinema 3,669 4,415 8,621 11,015 Convergent 1,469 (51 ) 4,622 580 Strong Outdoor 585 (897 ) (1,839 ) (4,116 ) Other 90 63 287 191 Total gross profit 5,813 3,530 11,691 7,670 Operating income (loss) Strong Cinema 2,230 3,383 4,646 7,681 Convergent 394 (1,413 ) 1,467 (5,170 ) Strong Outdoor (224 ) (1,175 ) (3,829 ) (4,951 ) Other (206 ) (57 ) (603 ) (202 ) Total segment operating income (loss) 2,194 738 1,681 (2,642 ) Unallocated administrative expenses (2,128 ) (1,712 ) (6,515 ) (6,939 ) Unallocated loss on disposal of assets - (818 ) - (818 ) Income (loss) from operations 66 (1,792 ) (4,834 ) (10,399 ) Other (expense) income, net (627 ) 561 (2,004 ) 718 Loss before income taxes and equity method investment loss $ (561 ) $ (1,231 ) $ (6,838 ) $ (9,681 )
Reconciliation of Assets from Segment to Consolidated	(In thousands) September 30, 2019 December 31, 2018 Identifiable assets Strong Cinema $ 21,385 $ 27,009 Convergent 16,824 14,024 Strong Outdoor 3,306 3,454 Corporate assets 19,265 15,150 Total $ 60,780 $ 59,637
Schedule of Segment Reporting Information by Geographic Area	Summary by Geographical Area Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2019 2018 2019 2018 Net revenue United States $ 13,691 $ 12,495 $ 38,519 $ 36,196 Canada 1,111 1,234 2,664 4,148 China 633 1,581 1,763 2,867 Mexico 65 206 70 1,293 Latin America 275 256 574 659 Europe 521 456 1,058 809 Asia (excluding China) 348 160 515 337 Other 202 65 258 149 Total $ 16,846 $ 16,453 $ 45,421 $ 46,458
Summary of Identifiable Assets by Geographical Area	(In thousands) September 30, 2019 December 31, 2018 Identifiable assets United States $ 43,813 $ 42,780 Canada 16,967 16,857 Total $ 60,780 $ 59,637

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2011	Sep. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jan. 02, 2019	Dec. 31, 2018
Fair value adjustment of notes receivable		$ (845)		$ 802	$ (2,153)	$ 953
Long-term debt		4,271			4,271			$ 11,167
Estimated fair value of long term debt		3,800			3,800
Intangible assets, impairment charges				$ 800		$ 2,100
Operating lease, right-of-use asset		5,603			5,603
Operating lease, liability		5,833			5,833
Cumulative effect adjustment increasing retained earnings			$ 2,785
ASU 2016-02 [Member]
Operating lease, right-of-use asset		5,000			5,000		$ 4,700
Operating lease, liability		$ 5,000			5,000		$ 4,700
Cumulative effect adjustment increasing retained earnings					2,800
Derecognized land and building assets net					4,000
Derecognized debt			$ 6,800		$ 6,800
Unsecured Notes Receivable Arrangements [Member] | CDF2 Holdings, LLC [Member]
Percentage of notes receivable accrue interest rate	15.00%
Description of accrued interest rate	The notes receivable accrue interest at a rate of 15% per annum. Interest not paid in any particular year is added to the principal and also accrues interest at 15%.

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Fair Value Measured Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 4,388	$ 6,698
Restricted cash	350	350	$ 350
Notes receivable	1,812	3,965
Total	6,550	11,013
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	4,388	6,698
Restricted cash	350	350
Notes receivable
Total	4,738	7,048
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents
Restricted cash
Notes receivable
Total
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents
Restricted cash
Notes receivable	1,812	3,965
Total	$ 1,812	$ 3,965

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Summary of Notes Receivable Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accounting Policies [Abstract]
Notes receivable balance, beginning of period			$ 3,965	$ 2,815
Fair value adjustment	$ (845)	$ 802	(2,153)	953
Notes receivable balance, end of period	$ 1,812	$ 3,768	$ 1,812	$ 3,768

Summary of Significant Accoun_7

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, 2019	Dec. 31, 2018
Note receivable	$ 1,812	$ 3,965
Valuation Technique	Discounted cash flow
Default Percentage [Member]
Unobservable input	72.00%
Discount Rate [Member]
Unobservable input	18.00%

Revenue (Details Narrative)

Revenue (Details Narrative) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Deferred contract costs
Unearned revenue	2,700
Rest of 2019 [Member]
Unearned revenue	1,100
2020 [Member]
Unearned revenue	1,600
2021-2023 [Member]
Unearned revenue
Field Maintenance and Monitoring Services [Member]
Contract duration or term with field maintenance	12 months
Minimum [Member]
Capitalized contract cost, amortization period	1 year
Maximum [Member]
Capitalized contract cost, amortization period	5 years

Revenue - Schedule of Disaggreg

Revenue - Schedule of Disaggregation of Revenue (Major Source) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Total net revenues	$ 16,846	$ 16,453	$ 45,421	$ 46,458
Strong Cinema [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	10,928	11,431	26,405	33,093
Convergent [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	4,532	3,479	15,204	11,226
Strong Outdoor [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,296	1,480	3,524	1,948
Other [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	90	63	288	191
Product [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	9,192	8,417	20,840	24,602
Product [Member] | Screen System Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	4,441	5,024	10,370	13,288
Product [Member] | Digital Equipment Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	4,042	2,712	8,644	8,940
Product [Member] | Extended Warranty Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	197	213	582	804
Product [Member] | Other Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	512	468	1,244	1,570
Product [Member] | Strong Cinema [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	8,435	7,813	18,586	22,842
Product [Member] | Strong Cinema [Member] | Screen System Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	4,441	5,024	10,370	13,288
Product [Member] | Strong Cinema [Member] | Digital Equipment Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	3,285	2,126	6,396	7,198
Product [Member] | Strong Cinema [Member] | Extended Warranty Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	197	213	582	804
Product [Member] | Strong Cinema [Member] | Other Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	512	450	1,238	1,552
Product [Member] | Convergent [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	757	604	2,254	1,760
Product [Member] | Convergent [Member] | Screen System Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Product [Member] | Convergent [Member] | Digital Equipment Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	757	586	2,248	1,742
Product [Member] | Convergent [Member] | Extended Warranty Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Product [Member] | Convergent [Member] | Other Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues		18	6	18
Product [Member] | Strong Outdoor [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Product [Member] | Strong Outdoor [Member] | Screen System Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Product [Member] | Strong Outdoor [Member] | Digital Equipment Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Product [Member] | Strong Outdoor [Member] | Extended Warranty Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Product [Member] | Strong Outdoor [Member] | Other Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Product [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Product [Member] | Other [Member] | Screen System Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Product [Member] | Other [Member] | Digital Equipment Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Product [Member] | Other [Member] | Extended Warranty Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Product [Member] | Other [Member] | Other Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Service [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	7,654	8,036	24,581	21,856
Service [Member] | Field Maintenance and Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	5,105	4,644	14,983	15,075
Service [Member] | Installation Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,084	1,781	5,734	4,477
Service [Member] | Advertising [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,173	1,480	3,127	1,948
Service [Member] | Other Service Revenues [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	292	131	737	356
Service [Member] | Strong Cinema [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	2,493	3,618	7,819	10,251
Service [Member] | Strong Cinema [Member] | Field Maintenance and Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,969	2,838	6,060	8,666
Service [Member] | Strong Cinema [Member] | Installation Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	473	712	1,540	1,420
Service [Member] | Strong Cinema [Member] | Advertising [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Service [Member] | Strong Cinema [Member] | Other Service Revenues [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	51	68	219	165
Service [Member] | Convergent [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	3,775	2,875	12,950	9,466
Service [Member] | Convergent [Member] | Field Maintenance and Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	3,078	1,806	8,637	6,409
Service [Member] | Convergent [Member] | Installation Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	611	1,069	4,192	3,057
Service [Member] | Convergent [Member] | Advertising [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Service [Member] | Convergent [Member] | Other Service Revenues [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	86		119
Service [Member] | Strong Outdoor [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,296	1,480	3,524	1,948
Service [Member] | Strong Outdoor [Member] | Field Maintenance and Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	58		286
Service [Member] | Strong Outdoor [Member] | Installation Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Service [Member] | Strong Outdoor [Member] | Advertising [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,173	1,480	3,127	1,948
Service [Member] | Strong Outdoor [Member] | Other Service Revenues [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	65		111
Service [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	90	63	288	191
Service [Member] | Other [Member] | Field Maintenance and Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Service [Member] | Other [Member] | Installation Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Service [Member] | Other [Member] | Advertising [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Service [Member] | Other [Member] | Other Service Revenues [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	$ 90	$ 63	$ 288	$ 191

Revenue - Schedule of Disaggr_2

Revenue - Schedule of Disaggregation of Revenue (Timing of Transfer) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Total net revenues	$ 16,846	$ 16,453	$ 45,421	$ 46,458
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	11,054	11,618	29,225	33,524
Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	5,792	4,835	16,196	12,934
Strong Cinema [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	10,928	11,431	26,405	33,093
Strong Cinema [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	9,364	9,743	21,746	27,814
Strong Cinema [Member] | Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,564	1,688	4,659	5,279
Convergent [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	4,532	3,479	15,204	11,226
Convergent [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,518	1,875	6,918	5,710
Convergent [Member] | Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	3,014	1,604	8,286	5,516
Strong Outdoor [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,296	1,480	3,524	1,948
Strong Outdoor [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	123		397
Strong Outdoor [Member] | Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,173	1,480	3,127	1,948
Other [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	90	63	288	191
Other [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	49		164
Other [Member] | Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	$ 41	$ 63	$ 124	$ 191

Loss Per Common Share (Details

Loss Per Common Share (Details Narrative) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Stock Option In Which Exercise Price Exceeds The Average Market Price of Common Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share	772,000	330,000	772,000	330,000
Common Stock Equivalents [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share	165,206	63,398	146,461	166,391

Loss Per Common Share - Schedul

Loss Per Common Share - Schedule of Reconciliation Weighted Average Between Basic and Diluted Earnings Per Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Basic weighted average shares outstanding	14,494,000	14,392,000	14,476,000	14,366,000
Dilutive effect of stock options and certain non-vested restricted stock awards
Diluted weighted average shares outstanding	14,494,000	14,392,000	14,476,000	14,366,000

Inventories (Details Narrative)

Inventories (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Inventory valuation reserves	$ 1,400	$ 1,400

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials and components	$ 1,656	$ 1,422
Work in process	351
Finished goods	1,388	2,068
Inventories net	$ 3,395	$ 3,490

Investments (Details Narrative)

Investments (Details Narrative) - USD ($) $ in Thousands	May 21, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Dividend received					$ 817
Retained earnings undistributed earnings from our equity method investees		$ 600		600
Master Lease Agreement and Unit Purchase Agreement [Member]
Schedule of Equity Method Investments [Line Items]
Number of shares can be repurchased, amount	$ 1,200
Master Lease Agreement [Member]
Schedule of Equity Method Investments [Line Items]
Sales-type lease transaction de-recognition of right-of-use asset	3,400
Master Lease Agreement [Member] | Other Income (Expense) [Member]
Schedule of Equity Method Investments [Line Items]
Selling profit	200
1347 Property Insurance Holdings, Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Dividend received
Quoted market value of the company's ownership		$ 4,600		$ 4,600
Equity method ownership percentage		17.30%		17.30%		17.30%
1347 Property Insurance Holdings, Inc. [Member] | Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Combined equity ownership percentage		20.00%		20.00%
Itasca Capital, Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Dividend received
Quoted market value of the company's ownership		$ 1,700		$ 1,700
Equity method ownership percentage		32.30%		32.30%		32.30%
BK Technologies, Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Dividend received			$ 23		$ 100
Firefly Systems, Inc. [Member] | Taxicab Advertising Collaboration Agreement [Member] | Series A-2 Preferred Shares [Member]
Schedule of Equity Method Investments [Line Items]
Consideration received for agreement	$ 4,800

Investments - Summary of Invest

Investments - Summary of Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Equity method investments, Carrying Amount	$ 10,446	$ 11,167
Total Investments	14,060	11,167
1347 Property Insurance Holdings, Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments, Carrying Amount	$ 7,523	$ 7,738
Equity method investments, Economic Interest	17.30%	17.30%
Itasca Capital, Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments, Carrying Amount	$ 2,923	$ 3,429
Equity method investments, Economic Interest	32.30%	32.30%
Firefly Systems, Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Cost method investment, Carrying Amount	$ 3,614

Investments - Summary of Income

Investments - Summary of Income (Loss) of Equity Method Investees (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Schedule of Equity Method Investments [Line Items]
Equity method investment income (loss)	$ (496)	$ 507	$ (1,223)	$ (244)
1347 Property Insurance Holdings, Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment income (loss)	(783)	23	(622)	603
Itasca Capital, Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment income (loss)	287	(28)	(601)	(967)
BK Technologies Corporation [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment income (loss)		$ 512		$ 120

Investments - Summarized Financ

Investments - Summarized Financial Information (Details) - USD ($) $ in Thousands		9 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]
Revenue	[1]	$ 16,713	$ 11,711
Operating (loss) income	[1]	(910)	2,130
Net (loss) income		$ (5,490)	$ 2,500
[1]	Except for the three month periods ended December 31, 2018 and 2017, these amounts have been restated to reflect PIH's reclassification of a signifcant portion of its business to discontinued operations.

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 100	$ 100	$ 400	$ 500
Loss on disposal of assets	$ (3)	$ (799)	$ (105)	(2,130)
Convergent [Member] | Service [Member] | Abandoned Software [Member]
Finite-Lived Intangible Assets [Line Items]
Loss on disposal of assets				$ 1,300

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	$ 2,975	$ 2,754
Intangible assets, Accumulated amortization	(1,374)	(959)
Intangible assets, Net	$ 1,601	$ 1,795
Software in Service [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Useful life	5 years	5 years
Intangible assets, Gross	$ 2,319	$ 2,188
Intangible assets, Accumulated amortization	(966)	(595)
Intangible assets, Net	$ 1,353	$ 1,593
Product Formulation [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Useful life	10 years	10 years
Intangible assets, Gross	$ 462	$ 447
Intangible assets, Accumulated amortization	(408)	(364)
Intangible assets, Net	54	83
Software in Development [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	194	119
Intangible assets, Accumulated amortization
Intangible assets, Net	$ 194	$ 119

Intangible Assets - Schedule _2

Intangible Assets - Schedule of Intangible Assets Future Amortization Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Total	$ 1,601	$ 1,795
Intangible Assets [Member]
Remainder 2019	131
2020	515
2021	476
2022	230
2023	55
Thereafter
Total	$ 1,407

Goodwill - Summary of Changes i

Goodwill - Summary of Changes in Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance	$ 875
Foreign currency translation	27
Balance	$ 902

Warranty Reserves - Schedule of

Warranty Reserves - Schedule of Product Warranty Liability (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Extended Product Warranty Disclosure [Abstract]
Warranty accrual at beginning of period	$ 328	$ 449	$ 350	$ 521
Charged to expense	(1)	18	24	83
Claims paid, net of recoveries	(16)	(26)	(70)	(142)
Foreign currency adjustment	2	8	9	(13)
Warranty accrual at end of period	$ 313	$ 449	$ 313	$ 449

Debt (Details Narrative)

Debt (Details Narrative) $ in Thousands, $ in Thousands	May 22, 2018USD ($)	Apr. 24, 2018CAD ($)	Sep. 05, 2017CAD ($)	Mar. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2019CAD ($)	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Long-term debt					$ 4,271		$ 11,167
ASU 2016-02 [Member]
Debt Instrument [Line Items]
Derecognized debt				$ 6,800	$ 6,800
20-year Installment Loan [Member]
Debt Instrument [Line Items]
Loan term		20 years			20 years
Debt bearing interest fixed rate					4.45%	4.45%
Canadian Dollar [Member] | 20-year Installment Loan [Member]
Debt Instrument [Line Items]
Long-term debt						$ 4,100
Proceeds from issuance of debt		$ 3,500
Installment Payment Agreement [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 4,400
Number of installment payments	60 months
Debt description	Installment payments under each contract for purchase of the equipment are due monthly for a period of 60 months. The financing provided in the agreement is secured by the equipment, and the obligations under the agreement are recorded as long-term debt on the Company's condensed consolidated balance sheet. In December 2018, Convergent entered into additional installment payment agreements with other financing companies in order to purchase additional media players and related equipment. This round of financing totaled approximately $0.6 million. In June 2019, Convergent entered into additional installment payment agreements with other financing companies in order to purchase additional media players and related equipment. This round of financing totaled approximately $0.2 million. Installment payments under each contract are due monthly for a period of 60 months.
Equipment Term Loans [Member]
Debt Instrument [Line Items]
Long-term debt					$ 4,300
Weighted average fixed rate					7.60%	7.60%
Demand Credit Agreement [Member]
Debt Instrument [Line Items]
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 and minimum "effective equity" of CDN$8.0 million.
Maximum liabilities to effective equity			200.00%
Minimum current ratio			150.00%
Demand Credit Agreement [Member] | Prime Rate [Member]
Debt Instrument [Line Items]
Interest rate on lender of installment loans			0.50%
Demand Credit Agreement [Member] | 20-year Installment Loan [Member]
Debt Instrument [Line Items]
Loan term			20 years
Demand Credit Agreement [Member] | 5-year Installment Loan [Member]
Debt Instrument [Line Items]
Loan term			5 years
Demand Credit Agreement [Member] | 5-year Installment Loan [Member] | Prime Rate [Member]
Debt Instrument [Line Items]
Interest rate on lender of installment loans			0.50%
Demand Credit Agreement [Member] | Canadian Dollar [Member]
Debt Instrument [Line Items]
Minimum effective equity			$ 8,000
Demand Credit Agreement [Member] | Canadian Dollar [Member] | 20-year Installment Loan [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			6,000
Demand Credit Agreement [Member] | Canadian Dollar [Member] | 5-year Installment Loan [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			500
Demand Credit Agreement [Member] | Line of Credit [Member] | Canadian Dollar [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 3,500

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Strong/MDI installment loan	$ 3,123	$ 3,152
Insurance note payable	46
Current portion of long-term debt	979	1,094
Total short-term debt	4,102	4,246
Total principal balance of long-term debt	4,271	11,167
Less: current portion	(979)	(1,094)
Less: unamortized debt issuance costs	(17)	(20)
Total long-term debt	3,275	10,053
Total short-term and long-term debt	7,377	14,299
Strong/MDI Installment Loan [Member]
Debt Instrument [Line Items]
Strong/MDI installment loan	3,077	3,152
Sale-leaseback Financing [Member]
Debt Instrument [Line Items]
Total principal balance of long-term debt		6,769
Equipment Term Loans [Member]
Debt Instrument [Line Items]
Total principal balance of long-term debt	$ 4,271	$ 4,398

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
Remainder of 2019	$ 239
2020	1,002
2021	1,079
2022	1,146
2023	786
Thereafter	19
Total	$ 4,271	$ 11,167

Leases (Details Narrative)

Leases (Details Narrative)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Operating lease expire, term	expiring through 2028
Finance lease, expire term	expiring through 2028

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs And Other Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Leases [Abstract]
Finance lease cost: Amortization of right-of-use assets	$ 282	$ 420
Finance lease cost: Interest on lease liabilities	142	184
Operating lease cost	421	1,751
Short-term lease cost	12	21
Sublease income	(120)	(313)
Net lease cost	737	2,063
Operating cash flows from finance leases	142	184
Operating cash flows from operating leases	333	1,567
Financing cash flows from finance leases	282	420	$ 147
Right-of-use assets obtained in exchange for new finance lease liabilities	902	1,613
Right-of-use assets obtained in exchange for new operating lease liabilities		644
Derecognition of right-of-use asset in connection with Firefly transaction		$ 3,394
Weighted-average remaining lease term - finance leases (years)	3 years 6 months	3 years 6 months
Weighted-average remaining lease term - operating leases (years)	7 years 6 months	7 years 6 months
Weighted-average discount rate - finance leases	12.60%	12.60%
Weighted-average discount rate - operating leases	5.00%	5.00%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Leases [Abstract]
Operating Leases, Remainder 2019	$ 322
Operating Leases, 2020	1,159
Operating Leases, 2021	1,061
Operating Leases, 2022	721
Operating Leases, 2023	656
Operating Leases, Thereafter	3,116
Operating Leases, Total lease payments	7,035
Less: Amount representing interest	(1,202)
Present value of lease payments	5,833
Less: Current maturities	(939)
Lease obligations, net of current portion	4,894
Finance Leases, Remainder 2019	476
Finance Leases, 2020	1,882
Finance Leases, 2021	1,882
Finance Leases, 2022	1,650
Finance Leases, 2023	353
Finance Leases, Thereafter	87
Finance Leases, Total lease payments	6,330
Less: Amount representing interest	(1,219)
Present value of lease payments	5,111
Less: Current maturities	(1,317)	(160)
Lease obligations, net of current portion	$ 3,794	$ 427

Leases - Schedule of Maturity A

Leases - Schedule of Maturity Analysis of Long-term Subleases (Details) $ in Thousands	Sep. 30, 2019USD ($)
Leases [Abstract]
Remainder 2019	$ 54
2020	163
2021	137
2022	23
2023
Thereafter
Total sublease payments	$ 377

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income tax examination description	The Company is subject to possible examinations not yet initiated for Federal purposes for fiscal years 2015 through 2018. In most cases, the Company is subject to possible 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
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted			295,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost expected to be recognized, weighted average period			2 years 3 months 19 days
Unrecognized compensation cost related to non-vested restricted stock awards, value	$ 1,500		$ 1,500
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted			295,000	387,500
Share based compensation arrangement by share based payment award options grants in period weighted average grant date fair value			$ 2.91	$ 1.82
Share-based compensation arrangement by share-based payment award, options, non-vested, number	813,000		813,000
Total unrecognized compensation cost related to stock option awards	$ 1,200		$ 1,200
Compensation cost expected to be recognized, weighted average period			3 years 4 months 24 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted shares granted			417,378	147,500
Year 2017 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance	1,371,189		1,371,189
Share based compensation arrangement by share based payment award number of shares available for grant	391,778		391,778
Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	$ 300	$ 200	$ 800	$ 600

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, 2019	Sep. 30, 2018
Share-based Payment Arrangement [Abstract]
Expected dividend yield at date of grant	0.00%	0.00%
Risk-free interest rate, minimum	1.62%
Risk-free interest rate, maximum	1.98%
Risk-free interest rate		2.49%
Expected stock price volatility, minimum	47.90%
Expected stock price volatility, maximum	50.60%
Expected stock price volatility		35.60%
Expected life of options (in years)	6 years	6 years

Stock Compensation - Summary of

Stock Compensation - Summary of Stock Options Activities (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares
Share-based Payment Arrangement [Abstract]
Number of Options, Outstanding Beginning Balance | shares	867,000
Number of Options, Granted | shares	295,000
Number of Options, Exercised | shares
Number of Options, Forfeited | shares	(41,500)
Number of Options, Expired | shares	(13,500)
Number of Options, Outstanding Ending Balance | shares	1,107,000
Number of Options, Exercisable | shares	294,000
Weighted Average Exercise Price Per Share, Outstanding Beginning Balance | $ / shares	$ 5.06
Weighted Average Exercise Price Per Share, Granted | $ / shares	2.91
Weighted Average Exercise Price Per Share, Exercised | $ / shares
Weighted Average Exercise Price Per Share, Forfeited | $ / shares	5.29
Weighted Average Exercise Price Per Share, Expired | $ / shares	5.38
Weighted Average Exercise Price Per Share, Outstanding Ending Balance | $ / shares	4.47
Weighted Average Exercise Price Per Share, Exercisable | $ / shares	$ 5.18
Weighted Average Remaining Contractual Term, Beginning Balance	8 years 3 months 19 days
Weighted Average Remaining Contractual Term, Ending Balance	8 years 1 month 6 days
Weighted Average Remaining Contractual Term, Exercisable	7 years
Aggregate Intrinsic Value, Beginning Balance | $
Aggregate Intrinsic Value, Ending Balance | $	104
Aggregate Intrinsic Value, Exercisable | $

Stock Compensation - Summary _2

Stock Compensation - Summary of Restricted Stock Activity (Details) - Restricted Stock Shares [Member]	9 Months Ended
	Sep. 30, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Restricted Stock, Non-vested beginning balance | shares	46,667
Number of Restricted Stock, Granted | shares
Number of Restricted Stock, Vested | shares	(23,333)
Number of Restricted Stock, Forfeited | shares
Number of Restricted Stock, Non-vested ending balance | shares	23,334
Weighted Average Grant Date Fair Value, Non-vested Beginning Balance | $ / shares	$ 6.50
Weighted Average Grant Date Fair Value, Granted | $ / shares
Weighted Average Grant Date Fair Value, Vested | $ / shares	6.50
Weighted Average Grant Date Fair Value, Forfeited | $ / shares
Weighted Average Grant Date Fair Value, Non-vested Ending Balance | $ / shares	$ 6.50

Stock Compensation - Schedule_2

Stock Compensation - Schedule of Nonvested Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Restricted Stock, Non-vested beginning balance	277,498
Number of Restricted Stock, Granted	417,378	147,500
Number of Restricted Stock, vested	(75,833)
Number of Restricted Stock, forfeited
Number of Restricted Stock, Non-vested ending balance	619,043
Weighted Average Grant Date Fair Value, Non-vested beginning balance	$ 3.33
Weighted Average Grant Date Fair Value, Granted	2.95
Weighted Average Grant Date Fair Value, Vested	3.87
Weighted Average Grant Date Fair Value, Forfeited
Weighted Average Grant Date Fair Value, Non-vested ending balance	$ 2.10

Commitments, Contingencies an_2

Commitments, Contingencies and Concentrations (Details Narrative) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Strong/MDI's Quebec [Member]
Concentration Risk [Line Items]
Proceeds from insurance		$ 1,800
Insurance recoveries		800
Strong/MDI's Quebec [Member] | Property and Casualty Claim [Member]
Concentration Risk [Line Items]
Proceeds from insurance		1,200
Insurance recoveries		600
Gain related to insurance claim		700
Strong/MDI's Quebec [Member] | Business Interruption Claim [Member]
Concentration Risk [Line Items]
Proceeds from insurance		600
Insurance recoveries		200
Accrued expenses	$ 400	$ 400
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | Top 10 Customers [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	59.00%	53.00%
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | One Customer [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%	10.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Top 10 Customers [Member]
Concentration Risk [Line Items]
Concentration risk, percentage		53.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Two Customer [Member]
Concentration Risk [Line Items]
Concentration risk, percentage		10.00%

Business Segment Information (D

Business Segment Information (Details Narrative)	9 Months Ended
	Sep. 30, 2019Segments
Segment Reporting [Abstract]
Number of business segments	3

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Total net revenues	$ 16,846	$ 16,453	$ 45,421	$ 46,458
Total gross profit	5,813	3,530	11,691	7,670
Total segment operating income (loss)	2,194	738	1,681	(2,642)
Unallocated administrative expenses	(2,148)	(1,712)	(6,515)	(6,939)
Unallocated loss on disposal of assets		(818)		(818)
Income (loss) from operations	66	(1,792)	(4,834)	(10,399)
Other (expense) income, net	(627)	561	(2,004)	718
Loss before income taxes and equity method investment loss	(561)	(1,231)	(6,838)	(9,681)
Strong Cinema [Member]
Segment Reporting Information [Line Items]
Total net revenues	10,928	11,431	26,405	33,093
Total gross profit	3,669	4,415	8,621	11,015
Total segment operating income (loss)	2,230	3,383	4,646	7,681
Convergent [Member]
Segment Reporting Information [Line Items]
Total net revenues	4,532	3,479	15,204	11,226
Total gross profit	1,469	(51)	4,622	580
Total segment operating income (loss)	394	(1,413)	1,467	(5,170)
Strong Outdoor [Member]
Segment Reporting Information [Line Items]
Total net revenues	1,296	1,480	3,524	1,948
Total gross profit	585	(897)	(1,839)	(4,116)
Total segment operating income (loss)	(224)	(1,175)	(3,829)	(4,951)
Other [Member]
Segment Reporting Information [Line Items]
Total net revenues	90	63	288	191
Total gross profit	90	63	287	191
Total segment operating income (loss)	$ (206)	$ (57)	$ (603)	$ (202)

Business Segment Information _2

Business Segment Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets	$ 60,780	$ 59,637
Strong Cinema [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets	21,385	27,009
Convergent [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets	16,824	14,024
Strong Outdoor [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets	3,306	3,454
Corporate Assets [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets	$ 19,265	$ 15,150

Business Segment Information _3

Business Segment Information - Schedule of Segment Reporting Information by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Net revenue	$ 16,846	$ 16,453	$ 45,421	$ 46,458
United States [Member]
Segment Reporting Information [Line Items]
Net revenue	13,691	12,495	38,519	36,196
Canada [Member]
Segment Reporting Information [Line Items]
Net revenue	1,111	1,234	2,664	4,148
China [Member]
Segment Reporting Information [Line Items]
Net revenue	633	1,581	1,763	2,867
Mexico [Member]
Segment Reporting Information [Line Items]
Net revenue	65	206	70	1,293
Latin America [Member]
Segment Reporting Information [Line Items]
Net revenue	275	256	574	659
Europe [Member]
Segment Reporting Information [Line Items]
Net revenue	521	456	1,058	809
Asia (Excluding China) [Member]
Segment Reporting Information [Line Items]
Net revenue	348	160	515	337
Other [Member]
Segment Reporting Information [Line Items]
Net revenue	$ 202	$ 65	$ 258	$ 149

Business Segment Information _4

Business Segment Information - Summary of Identifiable Assets by Geographical Area (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Identifiable assets	$ 60,780	$ 59,637
United States [Member]
Segment Reporting Information [Line Items]
Identifiable assets	43,813	42,780
Canada [Member]
Segment Reporting Information [Line Items]
Identifiable assets	$ 16,967	$ 16,857