FG (FGH) 10-Q 12 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 08, 2020
Document And Entity Information
Entity Registrant Name	BALLANTYNE STRONG, INC.
Entity Central Index Key	0000946454
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
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 Shell Company	false
Entity Common Stock, Shares Outstanding		14,651,253
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 6,546	$ 4,951
Restricted cash	351	351
Accounts receivable (net of allowance for doubtful accounts of $1,217 and $1,291, respectively)	10,252	12,898
Inventories, net	2,794	2,879
Recoverable income taxes	262	190
Other current assets	2,642	1,754
Total current assets	22,847	23,023
Property, plant and equipment (net of accumulated depreciation of $10,299 and $10,238, respectively)	9,836	10,560
Operating lease right-of-use assets	5,438	5,581
Finance lease right-of-use assets	2,333	2,563
Investments	14,368	13,311
Intangible assets, net	1,453	1,534
Goodwill	842	919
Other assets	98	142
Total assets	57,215	57,633
Current liabilities:
Accounts payable	5,139	3,273
Accrued expenses	3,830	4,416
Short-term debt	3,188	3,080
Current portion of long-term debt	1,016	998
Current portion of operating lease obligations	974	971
Current portion of finance lease obligations	1,633	1,586
Deferred revenue and customer deposits	3,175	2,981
Total current liabilities	18,955	17,305
Long-term debt, net of current portion and debt issuance costs	2,757	3,019
Operating lease obligations, net of current portion	4,632	4,809
Finance lease obligations, net of current portion	3,561	3,988
Deferred revenue and customer deposits, net of current portion	32	38
Deferred income taxes	2,918	2,649
Other long-term liabilities	110	116
Total liabilities	32,965	31,924
Commitments, contingencies and concentrations (Note 13)
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 17,445 and 17,410 shares at March 31, 2020 and December 31, 2019, respectively; outstanding 14,651 and 14,616 shares at March 31, 2020 and December 31, 2019, respectively	174	174
Additional paid-in capital	42,862	42,589
Retained earnings	5,554	6,001
Less 2,794 of common shares in treasury, at cost	(18,586)	(18,586)
Accumulated other comprehensive loss	(5,754)	(4,469)
Total stockholders' equity	24,250	25,709
Total liabilities and stockholders' equity	$ 57,215	$ 57,633

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 1,217	$ 1,291
Accumulated depreciation of property, plant and equipment	$ 10,299	$ 10,238
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	17,445,000	17,410,000
Common stock, shares outstanding	14,651,000	14,616,000
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
	Mar. 31, 2020	Mar. 31, 2019
Total net revenues	$ 13,575	$ 14,306
Total cost of revenues	9,322	11,661
Gross profit	4,253	2,645
Selling and administrative expenses:
Selling	1,344	1,228
Administrative	4,830	3,929
Total selling and administrative expenses	6,174	5,157
Loss on disposal of assets		(64)
Loss from operations	(1,921)	(2,576)
Other income (expense):
Interest expense	(272)	(119)
Fair value adjustment to notes receivable		(510)
Foreign currency transaction gain (loss)	488	(143)
Other income, net	289	36
Total other income (expense)	505	(736)
Loss before income taxes and equity method investment income (loss)	(1,416)	(3,312)
Income tax expense	(400)	(141)
Equity method investment income (loss)	1,369	(697)
Net loss	$ (447)	$ (4,150)
Basic loss per share	$ (0.03)	$ (0.29)
Diluted loss per share	$ (0.03)	$ (0.29)
Weighted-average shares used in computing net loss per share:
Basic	14,625,000	14,438,000
Diluted	14,625,000	14,438,000
Product [Member]
Total net revenues	$ 6,404	$ 5,560
Total cost of revenues	4,695	3,523
Service [Member]
Total net revenues	7,171	8,746
Total cost of revenues	$ 4,627	$ 8,138

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net loss	$ (447)	$ (4,150)
Adjustment to postretirement benefit obligation	(4)	2
Unrealized loss on available-for-sale securities of equity method investments, net of tax	(76)	(91)
Currency translation adjustment:
Unrealized net change arising during period	(1,205)	257
Total other comprehensive (loss) income	(1,285)	168
Comprehensive loss	$ (1,732)	$ (3,982)

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, 2018	$ 172	$ 41,471	$ 13,319	$ (18,586)	$ (5,378)	$ 30,998
Balance, shares at Dec. 31, 2018	17,237,000
Net loss			(4,150)			(4,150)
Net other comprehensive income (loss)					168	168
Cumulative effect of adoption of ASC 842			2,785			2,785
Vesting of restricted stock	$ 1	(1)
Vesting of restricted stock, shares	76,000
Stock-based compensation expense		243				243
Balance at Mar. 31, 2019	$ 173	41,713	11,954	(18,586)	(5,210)	30,044
Balance, shares at Mar. 31, 2019	17,313,000
Balance at Dec. 31, 2019	$ 174	42,589	6,001	(18,586)	(4,469)	25,709
Balance, shares at Dec. 31, 2019	17,410,000
Net loss			(447)			(447)
Net other comprehensive income (loss)					(1,285)	(1,285)
Vesting of restricted stock
Vesting of restricted stock, shares	35,000
Stock-based compensation expense		273				273
Balance at Mar. 31, 2020	$ 174	$ 42,862	$ 5,554	$ (18,586)	$ (5,754)	$ 24,250
Balance, shares at Mar. 31, 2020	17,445,000

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Cash flows from operating activities:
Net loss	$ (447)	$ (4,150)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Provision for (recovery of) doubtful accounts	819	(310)
Provision for obsolete inventory	44	53
Provision for warranty	53	67
Depreciation and amortization	989	795
Amortization and accretion of operating leases	309	579
Fair value adjustment to notes receivable		510
Equity method investment (income) loss	(1,369)	697
Loss on disposal of assets		64
Gain on Firefly transaction (Note 6)	(270)
Deferred income taxes	23	50
Stock-based compensation expense	273	243
Changes in operating assets and liabilities:
Accounts receivable	1,499	1,819
Inventories	(118)	(145)
Current income taxes	(87)	(444)
Other assets	(277)	(69)
Accounts payable and accrued expenses	1,323	(605)
Deferred revenue and customer deposits	216	11
Operating lease obligations	(341)	(590)
Net cash provided by (used in) operating activities	2,639	(1,425)
Cash flows from investing activities:
Proceeds from sale of property, plant and equipment		86
Capital expenditures	(371)	(257)
Net cash used in investing activities	(371)	(171)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		237
Principal payments on short-term debt	(55)	(79)
Principal payments on long-term debt	(243)	(245)
Payments on capital lease obligations	(380)	(49)
Net cash used in financing activities	(678)	(136)
Effect of exchange rate changes on cash and cash equivalents	5	23
Net increase (decrease) in cash and cash equivalents and restricted cash	1,595	(1,709)
Cash and cash equivalents and restricted cash at beginning of period	5,302	7,048	7,048
Cash and cash equivalents and restricted cash at end of period	6,897	5,339	5,302
Components of cash and cash equivalents and restricted cash:
Cash and cash equivalents	6,546	4,989	4,951
Restricted cash	351	350	$ 351
Total cash and cash equivalents and restricted cash	6,897	5,339
Supplemental disclosure of non-cash investing and financing activities:
Term loan borrowings to finance equipment purchases		198
Capital lease obligations for property and equipment		232
Short-term borrowings to finance insurance	$ 421	$ 202

Nature of Operations

Nature of Operations	3 Months Ended
	Mar. 31, 2020
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 entertainment, retail and advertising 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
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, 2019. The condensed consolidated balance sheet as of December 31, 2019 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. There is significant ongoing uncertainty surrounding the COVID-19 global pandemic and the extent and duration of the impacts that it may have on the Company, as well as its customers, suppliers, and employees. There is heightened potential for future reserves against trade receivables, inventory write downs and impairments of long-lived assets, goodwill, intangible assets and investments. In the current environment, assumptions about future financial and operational performance, supply chain pricing and availability and customer creditworthiness have greater variability than normal, which could in the future significantly affect the valuation of the Company’s assets, both financial and non-financial. As an understanding of the longer-term impacts of COVID-19 on the Company’s customers and business develops, there is heightened potential for changes in these views over the remainder of 2020, and potentially beyond. 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. Since many of Strong Entertainment’s customers have been negatively impacted by COVID-19, the Company recorded $0.7 million of bad debt expense during the first quarter of 2020 as a result of the increased uncertainty related to collection of trade accounts receivable from these customers. Investments The Company applies the equity method of accounting to investments when it has 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. The Company applies the cost method of accounting to investments when it does 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 investees during the three months ended March 31, 2020 and determined that the Company’s proportionate economic interest in the investees indicate that the investments were not other than temporarily impaired. The carrying value of our equity method and cost method investments is reported as “investments” on 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 March 31, 2020 and December 31, 2019. Fair values measured on a recurring basis at March 31, 2020 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 6,546 $ - $ - $ 6,546 Restricted cash 351 - - 351 Notes receivable - - - - Total $ 6,897 $ - $ - $ 6,897 Fair values measured on a recurring basis at December 31, 2019 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 4,951 $ - $ - $ 4,951 Restricted cash 351 - - 351 Notes receivable - - - - Total $ 5,302 $ - $ - $ 5,302 The following table reconciles the beginning and ending balance of the Company’s notes receivable at fair value (in thousands): Three Months Ended March 31, 2020 2019 Notes receivable balance, beginning of period $ - $ 3,965 Fair value adjustment - (510 ) Notes receivable balance, end of period $ - $ 3,455 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%. In connection with this transaction, the Company also entered into an agreement with one of its customers, pursuant to which the Company is obligated to provide up to $1.1 million of credits against any amounts due to the Company from the customer based on cash collected on the notes receivable. In the event the Company does not have any outstanding balances due from the customer, the Company would be obligated to remit up to the first $1.1 million collected on the notes receivable directly to the customer. The notes receivable are recorded at estimated fair value. The significant unobservable inputs used in the fair value measurement of the Company’s notes receivable are the discount rate and percentage of default. Significant increases (decreases) in any of these inputs in isolation would result in significantly lower (higher) fair value measurements. Adjustments to the fair value of the notes receivable are included in other (expense) income on the Company’s condensed consolidated statements of operations. In order to estimate the fair value, the Company reviews the financial position and estimated cash flows of the debtor of the notes receivable. During the year ended December 31, 2019, the Company adjusted the carrying value of the notes receivable to $0 based on management’s review of the debtor’s financial statements and changes in the underlying trend of historical and projected cash flows available to service the notes. The related $1.1 million contingent liability was also adjusted during the year ended December 31, 2019, based on the Company’s expectation that cash flow from the notes receivable will not be available. As of March 31, 2020, management estimated the fair value of the notes receivable to be $0. The Company’s short-term and long-term debt is recorded at historical cost. As of March 31, 2020, the Company’s long-term debt, including current maturities, had a carrying value of $3.8 million. Based on discounted cash flows using current quoted interest rates (Level 2 of the fair value hierarchy), the estimated fair value at March 31, 2020 was $3.5 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). The Company did not have any significant non-recurring measurements of non-financial assets or liabilities during the three months ended March 31, 2020 or 2019. Recently Adopted Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-15, “Intangibles- Goodwill and Other- Internal Use Software (Topic 350): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract.” This ASU requires customers in a cloud computing arrangement (i.e., hosting arrangement) that is a service contract to follow the internal use software guidance in ASC 350-40 to determine which implementation costs to capitalize or expense. The standard is effective for annual periods beginning after December 15, 2019, and interim periods within those fiscal years. The adoption of the new standard on January 1, 2020 did not have an impact on the Company’s consolidated financial statements and related disclosures. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework- Changes to the Disclosure Requirements for Fair Value Measurement.” This ASU improves the effectiveness of fair value measurement disclosures by eliminating, adding and modifying certain disclosure requirements for fair value measurements as part of its disclosure framework project. Entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but public companies will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. The standard is effective for annual periods beginning after December 15, 2019, and interim periods within those fiscal years. The adoption of the new standard on January 1, 2020 did not have an impact on the Company’s consolidated financial statements and related disclosures. 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 was initially effective for the Company for annual reporting periods beginning after December 15, 2019 and interim periods within those fiscal years. In November 2019, the FASB issued ASU 2019-10, “Financial Instruments – Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates,” which, among other things, defers the effective date of ASU 2016-13 for public filers that are considered smaller reporting companies as defined by the SEC to fiscal years beginning after December 15, 2022, including interim periods within those years. Early adoption is permitted. The Company believes the adoption of this ASU will not significantly impact its results of operations and financial position. In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.” This ASU removes certain exceptions for investments, intraperiod allocations and interim tax calculations and adds guidance to reduce complexity in accounting for income taxes. The effective date of the standard will be for annual periods beginning after December 15, 2020, with early adoption permitted. The various amendments in the standard are applied on a retrospective basis, modified retrospective basis and prospective basis, depending on the amendment. The Company is currently evaluating the new guidance to determine the impact it may have on its consolidated financial statements. In January 2020, the FASB issued ASU 2020-01, “Clarifying the Interactions Between Topic 321, Topic 323, and Topic 815.” This ASU clarifies the interaction between accounting standards related to equity securities, equity method investments and certain derivatives. The effective date of the standard will be for annual periods beginning after December 15, 2020, and interim periods within those fiscal years. The Company is currently evaluating the impact of the adoption of the new standard on its condensed consolidated financial statements and related disclosures. In April 2020, the FASB issued a question-and-answer document to address stakeholder questions on the application of the lease accounting guidance for lease concessions related to the effects of the COVID-19 pandemic. The guidance will allow concessions related to the timing of payments, where the total consideration has not changed, to not be accounted for as lease modifications. Instead, any such concessions can be accounted for as if no change was made to the contract or as variable lease payments. The Company is currently assessing the impact of the question-and-answer document on its condensed consolidated financial statements, and will adopt the guidance in the second quarter of 2020, to the extent applicable.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2020
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; and ● 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. 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 March 31, 2020 or December 31, 2019. The following tables disaggregate the Company’s revenue by major source and by operating segment for the three months ended March 31, 2020 and March 31, 2019 (in thousands): Three Months Ended March 31, 2020 Strong Entertainment Convergent Strong Outdoor Other Total Screen system sales $ 2,956 $ - $ - $ - $ 2,956 Digital equipment sales 1,649 1,172 - - 2,821 Extended warranty sales 159 - - - 159 Other product sales 468 - - - 468 Total product sales 5,232 1,172 - - 6,404 Field maintenance and monitoring services 1,804 3,414 28 - 5,246 Installation services 257 357 - - 614 Advertising - - 1,169 - 1,169 Other service revenues 22 19 - 101 142 Total service revenues 2,083 3,790 1,197 101 7,171 Total $ 7,315 $ 4,962 $ 1,197 $ 101 $ 13,575 Three Months Ended March 31, 2019 Strong Entertainment Convergent Strong Outdoor Other Total Screen system sales $ 2,819 $ - $ - $ - $ 2,819 Digital equipment sales 1,484 625 - - 2,109 Extended warranty sales 234 - - - 234 Other product sales 398 - - - 398 Total product sales 4,935 625 - - 5,560 Field maintenance and monitoring services 1,967 2,773 53 - 4,793 Installation services 670 2,118 - - 2,788 Advertising - - 1,040 - 1,040 Other service revenues 29 19 - 77 125 Total service revenues 2,666 4,910 1,093 77 8,746 Total $ 7,601 $ 5,535 $ 1,093 $ 77 $ 14,306 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 Entertainment and Convergent customers. In the Strong Entertainment 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 ratably over the term of the agreement. The Company also performs discrete time and materials-based maintenance and repair work for customers in the Strong Entertainment 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 Entertainment and Convergent customers and recognizes revenue upon completion of the installations. Extended warranty sales The Company sells extended warranties to its Strong Entertainment customers. When the Company is the primary obligor, revenue is recognized on a gross basis ratably over the term of 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 months ended March 31, 2020 and March 31, 2019 (in thousands): Three Months Ended March 31, 2020 Strong Entertainment Convergent Strong Outdoor Other Total Point in time $ 5,717 $ 1,794 $ 1,197 $ 4 $ 8,712 Over time 1,598 3,168 - 97 4,863 Total $ 7,315 $ 4,962 $ 1,197 $ 101 $ 13,575 Three Months Ended March 31, 2019 Strong Entertainment Convergent Strong Outdoor Other Total Point in time $ 6,044 $ 2,992 $ 1,093 $ - $ 10,129 Over time 1,557 2,543 - 77 4,177 Total $ 7,601 $ 5,535 $ 1,093 $ 77 $ 14,306 At March 31, 2020, 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 $2.4 million. The Company expects to recognize $2.3 million of unearned revenue amounts throughout the rest of 2020, $0.1 million during 2021 and immaterial amounts during 2022 and 2023.

Loss Per Common Share

Loss Per Common Share	3 Months Ended
	Mar. 31, 2020
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 months ended March 31, 2020 and March 31, 2019. The following table summarizes the weighted average shares used to compute basic and diluted loss per share (shares in thousands): Three Months Ended March 31, 2020 2019 Weighted average shares outstanding: Basic weighted average shares outstanding 14,625 14,438 Dilutive effect of stock options and certain non-vested restricted stock awards - - Diluted weighted average shares outstanding 14,625 14,438 Options to purchase 1,057,000 and 833,500 shares of common stock were outstanding as of March 31, 2020 and March 31, 2019, respectively, but were not included in the computation of diluted loss per share as the options’ exercise prices were greater than the average market price of the common shares for each period. An additional 86,725 and 20,994 common stock equivalents related to options and restricted stock awards were excluded for the three months ended March 31, 2020 and March 31, 2019, respectively, as their inclusion would be anti-dilutive, thereby decreasing the net losses per share.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Inventories	5. Inventories Inventories consist of the following (in thousands): March 31, 2020 December 31, 2019 Raw materials and components $ 1,562 $ 1,584 Work in process 237 211 Finished goods 995 1,084 $ 2,794 $ 2,879 The inventory balances are net of reserves of approximately $0.9 million as of both March 31, 2020 and December 31, 2019.

Investments

Investments	3 Months Ended
	Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Investments	6. Investments The following summarizes our investments (dollars in thousands): March 31, 2020 December 31, 2019 Carrying Amount Economic Interest Carrying Amount Economic Interest Equity Method Investments 1347 Property Insurance Holdings, Inc. $ 8,239 17.1 % $ 6,897 17.2 % Itasca Capital, Ltd. 2,515 32.3 % 2,800 32.3 % Total Equity Method Investments 10,754 9,697 Cost Method Investment Firefly Systems, Inc. 3,614 3,614 Total Investments $ 14,368 $ 13,311 Equity Method Investments The following summarizes the income (loss) of equity method investees reflected in the condensed consolidated statements of operations (in thousands): Three Months Ended March 31, 2020 2019 Entity 1347 Property Insurance Holdings, Inc. $ 1,417 $ 144 Itasca Capital, Ltd. (48 ) (841 ) Total $ 1,369 $ (697 ) 1347 Property Insurance Holdings, Inc. (“PIH”) is a publicly traded company that is implementing business plans to operate as a diversified holding company of insurance, reinsurance and investment management businesses. The Company’s Chairman and former Chief Executive Officer is the principal executive officer and chairman of the board of directors of PIH, and the Company’s Co-Chairman is co-chairman of the board of directors of PIH. As of March 31, 2020, they controlled 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 equity method income from PIH was primarily the result of PIH’s non-cash gains associated with the change in fair value of its investment in the common stock of FedNat Holding Company (Nasdaq: FNHC) and PIH’s gain on the sale of its homeowners insurance operations. As a result of the recent significant decline in global equity values, the Company expects to record a loss from its investment in PIH during the second quarter of 2020 of approximately $1.4 million. Effective April 21, 2020, the ownership of such entities, when combined with the Company’s ownership in PIH, exceeded 50% of PIH. The Company did not receive dividends from PIH during the three months ended March 31, 2020 or 2019. Based on quoted market prices, the market value of the Company’s ownership in PIH was $5.1 million at March 31, 2020. Itasca Capital, Ltd. (“Itasca”) is a publicly traded Canadian company that is an investment vehicle seeking transformative strategic investments. The Company’s Chairman and former Chief Executive Officer is chairman of the board of directors of Itasca, and the Company’s Co-Chairman is also a member of the board of directors of Itasca. These board seats, 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 months ended March 31, 2020 or 2019. Based on quoted market prices, the market value of the Company’s ownership in Itasca was $2.5 million at March 31, 2020. As of March 31, 2020, the Company’s retained earnings included undistributed earnings from its equity method investees of approximately $13 thousand. The summarized financial information presented below reflects the financial information of the Company’s equity method investees for the three months ended December 31, 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 three months ended December 31, 2019 2018 Revenue $ 4,340 $ 352 Operating income $ 3,977 $ 240 Net income (loss) $ 8,121 $ (1,791 ) 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. 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. The Unit Purchase Agreement contains an earnout provision pursuant to which SDM can obtain additional Firefly Shares. The earnout period runs from May 22, 2019 through June 30, 2020. SDM will earn additional Firefly Shares equivalent to the cash collections under certain digital top contracts that were in place at the closing of the transaction. In connection with the additional Firefly Shares expected to be received, the Company recorded an additional $0.3 million gain on the Firefly transaction during the three months ended March 31, 2020. The Firefly Shares will be delivered to SDM shortly after the conclusion of the earnout period.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	7. Intangible Assets Intangible assets consisted of the following at March 31, 2020 (dollars in thousands): Useful life Gross Accumulated Amortization Net (Years) Intangible assets not yet subject to amortization: Software in development $ 223 $ - $ 223 Intangible assets subject to amortization: Software in service 5 2,403 (1,219 ) 1,184 Product formulation 10 431 (385 ) $ 46 Total $ 3,057 $ (1,604 ) $ 1,453 Intangible assets consisted of the following at December 31, 2019 (dollars in thousands): Useful life Gross Accumulated Amortization Net (Years) Intangible assets not yet subject to amortization: Software in development $ 203 $ - $ 203 Intangible assets subject to amortization: Software in service 5 2,362 (1,087 ) 1,275 Product formulation 10 471 (415 ) 56 Total $ 3,036 $ (1,502 ) $ 1,534 Amortization expense relating to intangible assets was $0.2 million during each of the three months ended March 31, 2020 and 2019. 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 of 2020 $ 415 2021 516 2022 242 2023 57 2024 - Thereafter - Total $ 1,230

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2020
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 three months ended March 31, 2020 (in thousands): Balance as of December 31, 2019 $ 919 Foreign currency translation adjustment (77 ) Balance as of March 31, 2020 $ 842

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	9. Debt The Company’s debt consists of the following (in thousands): March 31, 2020 December 31, 2019 Short-term debt: Strong/MDI installment loan $ 2,767 $ 3,080 Insurance note payable 421 - Current portion of long-term debt 1,016 998 Total short-term debt 4,204 4,078 Long-term debt: Equipment term loans 3,788 4,031 Total principal balance of long-term debt 3,788 4,031 Less: current portion (1,016 ) (998 ) Less: unamortized debt issuance costs (15 ) (14 ) Total long-term debt 2,757 3,019 Total short-term and long-term debt $ 6,961 $ 7,097 Equipment Term Loans On May 22, 2018, 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. In each of December 2018 and June 2019, Convergent entered into additional installment payment agreements with other financing companies in order to purchase additional media players and related equipment, with each round of financing totaling approximately $0.6 million and $0.2 million, respectively. Installment payments under each contract are due monthly for a period of 60 months. The financing under each of the agreements is secured by the respective equipment. The borrowings under the agreements are recorded as long-term debt on the Company’s consolidated balance sheet. Collectively, the Company had $3.8 million of outstanding borrowings under equipment term loan agreements at March 31, 2020, which bear interest at a weighted-average fixed rate of 7.7%. Strong/MDI Installment Loan On September 5, 2017, the Company’s Canadian subsidiary, Strong/MDI, entered into a demand credit agreement, as amended and restated May 15, 2018, 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$3.9 million, or approximately $2.8 million, of principal outstanding on the 20-year installment loan as of March 31, 2020, which bears variable interest at 2.95%. Strong/MDI was in compliance with its debt covenants as of March 31, 2020. Subsequent to March 31, 2020, Strong/MDI drew down approximately CDN$2.9 million, or approximately $2.1 million, on its revolving line of credit. Amounts outstanding under Strong/MDI’s line of credit are payable upon demand and bear interest at a 2.45% variable rate. Scheduled repayments are as follows for the Company’s long-term debt outstanding as of March 31, 2020 (in thousands): Remainder of 2020 $ 758 2021 1,079 2022 1,146 2023 786 2024 19 Thereafter - Total $ 3,788 Paycheck Protection Program On April 14, 2020, the Company entered into a promissory note evidencing a loan of $3.2 million (the “Loan”) under the U.S. Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) of the CARES Act. The Company intended to use the Loan for qualifying payroll, rent and utility expenses in accordance with the terms of the CARES Act. At the time the Company applied for the Loan, the Company believed it qualified to receive the funds pursuant to the PPP. On April 23, 2020, the SBA, in consultation with the Department of Treasury, issued new guidance that creates additional uncertainty regarding the qualification requirements for a PPP loan for public companies. The Company has less than 300 employees and continues to be severely impacted by the disruption to the cinema, theme park and advertising industries as a result of COVID-19. However, out of an abundance of caution and in light of the new guidance, the Company repaid the full amount of the Loan plus accrued interest to the lender on May 5, 2020.

Leases

Leases	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	10. 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): Lease cost Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Finance lease cost: Amortization of right-of-use assets $ 380 $ 49 Interest on lease liabilities 164 19 Operating lease cost 401 687 Short-term lease cost 15 6 Sublease income (116 ) (86 ) Net lease cost $ 844 $ 675 Other information Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 164 $ 19 Operating cash flows from operating leases $ 341 $ 590 Financing cash flows from finance leases $ 380 $ 49 Right-of-use assets obtained in exchange for new finance lease liabilities $ - $ 232 Right-of-use assets obtained in exchange for new operating lease liabilities $ 109 $ 644 As of March 31, 2020 Weighted-average remaining lease term - finance leases (years) 2.9 Weighted-average remaining lease term - operating leases (years) 7.0 Weighted-average discount rate - finance leases 12.1 % Weighted-average discount rate - operating leases 4.2 % The following table presents a maturity analysis of the Company’s finance and operating lease liabilities as of March 31, 2020 (in thousands): Operating Leases Finance Leases Remainder of 2020 $ 920 $ 1,630 2021 1,169 2,173 2022 820 1,967 2023 660 353 2024 669 88 Thereafter 2,447 - Total lease payments 6,685 6,211 Less: Amount representing interest (1,079 ) (1,017 ) Present value of lease payments 5,606 5,194 Less: Current maturities (974 ) (1,633 ) Lease obligations, net of current portion $ 4,632 $ 3,561 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 of 2020 $ 109 2021 137 2022 23 2023 - 2024 - Thereafter - Total sublease payments $ 269 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	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	11. 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 March 31, 2020 and December 31, 2019. The Tax Cuts and Jobs Act of 2017 provides for a territorial tax system, which began in 2018. It includes the global intangible low-taxed income (“GILTI”) provision. The GILTI provisions require the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary’s tangible assets. As a result of the GILTI provisions, the Company’s inclusion of taxable income was incorporated into the overall net operating loss and valuation allowance for the three months ended March 31, 2020 and March 31, 2019. Changes in tax laws may affect recorded deferred tax assets and liabilities and the Company’s effective tax rate in the future. On March 27, 2020, The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted. The CARES Act made significant changes to Federal tax laws, including certain changes that are retroactive to the prior year. The effects of these changes relate to deferred tax assets and net operating losses; all of which are offset by valuation allowance. The Company is subject to possible examinations not yet initiated for Federal purposes for fiscal years 2016 through 2019. 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	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock Compensation	12. 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 was $0.3 million and $0.2 million for the three months ended March 31, 2020 and 2019, 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. On December 17, 2019, the Company’s stockholders approved the amendment and restatement of the 2017 Plan to (i) increase the number of shares of the Company’s common stock authorized for issuance under the 2017 Plan by 1,975,000 shares and (ii) extend the expiration date of the 2017 Plan by approximately two years, until October 27, 2029. As of March 31, 2020, 2,366,778 shares were available for issuance under the amended and restated 2017 Plan. Stock Options The following table summarizes stock option activity for the three months ended March 31, 2020: Number of Options Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at December 31, 2019 1,107,000 $ 4.47 7.9 $ 148 Granted - Exercised - Forfeited - Expired - Outstanding at March 31, 2020 1,107,000 $ 4.47 7.6 $ - Exercisable at March 31, 2020 441,000 $ 5.09 6.7 $ - 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 March 31, 2020, 666,000 stock option awards were non-vested. Unrecognized compensation cost related to non-vested stock options was approximately $1.0 million, which is expected to be recognized over a weighted average period of 3.0 years. Restricted Stock Shares and Restricted Stock Units The following table summarizes restricted stock share activity for the three months ended March 31, 2020: Number of Restricted Stock Shares Weighted Average Grant Date Fair Value Non-vested at December 31, 2019 23,334 $ 6.50 Granted - Shares vested (23,334 ) 6.50 Shares forfeited - Non-vested at March 31, 2020 - The following table summarizes restricted stock unit activity for the three months ended March 31, 2020: Number of Restricted Stock Units Weighted Average Grant Date Fair Value Non-vested at December 31, 2019 522,379 $ 3.14 Granted - Shares vested (35,833 ) 4.70 Shares forfeited - Non-vested at March 31, 2020 486,546 $ 3.03 As of March 31, 2020, the total unrecognized compensation cost related to non-vested restricted stock unit awards was approximately $1.1 million, which is expected to be recognized over a weighted average period of 2.0 years.

Commitments, Contingencies and

Commitments, Contingencies and Concentrations	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Concentrations	13. 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 52% of consolidated net revenues during the three months ended March 31, 2020. Trade accounts receivable from these customers represented approximately 40% of net consolidated receivables at March 31, 2020. In addition, the Company had one customer account for more than 10% of both its consolidated net revenues during the three months ended March 31, 2020 and its net consolidated receivables as of March 31, 2020. 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. Through March 31, 2020, the insurance carrier has advanced $3.0 million of insurance proceeds to the Company, which included $1.9 million related to the property and casualty claim and the remaining $1.1 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 three months ended March 31, 2020 and March 31, 2019, the Company recorded total insurance recoveries of its incurred costs totaling $0.1 million and $0.4 million, respectively. The Company has also deferred $0.8 million of proceeds received in connection with the business interruption claim within accrued expenses on the condensed consolidated balance sheet as of March 31, 2020. 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	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Business Segment Information	14. Business Segment Information The Company conducts its operations through three primary business segments: Strong Entertainment (formerly known as Strong Cinema), Convergent and Strong Outdoor. The Strong Entertainment segment name change is to the name only and had no impact on the Company’s historical financial position, results of operations, cash flow or segment level results previously reported. Strong Entertainment 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 advertising agencies and corporate accounts, primarily in New York City. The Company’s operating segments were determined based on the manner in which management organizes segments for making operating decisions and assessing performance. Summary by Business Segments Three Months Ended March 31, 2020 2019 (in thousands) Net revenues Strong Entertainment $ 7,315 $ 7,601 Convergent 4,962 5,535 Strong Outdoor 1,197 1,093 Other 101 77 Total net revenues 13,575 14,306 Gross profit (loss) Strong Entertainment 1,834 2,415 Convergent 1,985 1,569 Strong Outdoor 333 (1,416 ) Other 101 77 Total gross profit 4,253 2,645 Operating (loss) income Strong Entertainment (337 ) 1,159 Convergent 857 752 Strong Outdoor (376 ) (2,012 ) Other (114 ) (237 ) Total segment operating income (loss) 30 (338 ) Unallocated administrative expenses (1,951 ) (2,238 ) Loss from operations (1,921 ) (2,576 ) Other income (expense), net 505 (736 ) Loss before income taxes and equity method investment loss $ (1,416 ) $ (3,312 ) (In thousands) March 31, 2020 December 31, 2019 Identifiable assets Strong Entertainment $ 18,730 $ 18,135 Convergent 13,736 15,797 Strong Outdoor 3,491 3,737 Corporate assets 21,258 19,964 Total $ 57,215 $ 57,633 Summary by Geographical Area Three Months Ended March 31, (In thousands) 2020 2019 Net revenue United States $ 11,680 $ 12,864 Canada 740 798 China 201 212 Mexico 78 3 Latin America 276 29 Europe 194 280 Asia (excluding China) 258 58 Other 148 62 Total $ 13,575 $ 14,306 (In thousands) March 31, 2020 December 31, 2019 Identifiable assets United States $ 39,430 $ 37,508 Canada 17,785 20,125 Total $ 57,215 $ 57,633 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)	3 Months Ended
	Mar. 31, 2020
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, 2019. The condensed consolidated balance sheet as of December 31, 2019 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. There is significant ongoing uncertainty surrounding the COVID-19 global pandemic and the extent and duration of the impacts that it may have on the Company, as well as its customers, suppliers, and employees. There is heightened potential for future reserves against trade receivables, inventory write downs and impairments of long-lived assets, goodwill, intangible assets and investments. In the current environment, assumptions about future financial and operational performance, supply chain pricing and availability and customer creditworthiness have greater variability than normal, which could in the future significantly affect the valuation of the Company’s assets, both financial and non-financial. As an understanding of the longer-term impacts of COVID-19 on the Company’s customers and business develops, there is heightened potential for changes in these views over the remainder of 2020, and potentially beyond.
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. Since many of Strong Entertainment’s customers have been negatively impacted by COVID-19, the Company recorded $0.7 million of bad debt expense during the first quarter of 2020 as a result of the increased uncertainty related to collection of trade accounts receivable from these customers.
Investments	Investments The Company applies the equity method of accounting to investments when it has 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. The Company applies the cost method of accounting to investments when it does 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 investees during the three months ended March 31, 2020 and determined that the Company’s proportionate economic interest in the investees indicate that the investments were not other than temporarily impaired. The carrying value of our equity method and cost method investments is reported as “investments” on 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 March 31, 2020 and December 31, 2019. Fair values measured on a recurring basis at March 31, 2020 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 6,546 $ - $ - $ 6,546 Restricted cash 351 - - 351 Notes receivable - - - - Total $ 6,897 $ - $ - $ 6,897 Fair values measured on a recurring basis at December 31, 2019 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 4,951 $ - $ - $ 4,951 Restricted cash 351 - - 351 Notes receivable - - - - Total $ 5,302 $ - $ - $ 5,302 The following table reconciles the beginning and ending balance of the Company’s notes receivable at fair value (in thousands): Three Months Ended March 31, 2020 2019 Notes receivable balance, beginning of period $ - $ 3,965 Fair value adjustment - (510 ) Notes receivable balance, end of period $ - $ 3,455 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%. In connection with this transaction, the Company also entered into an agreement with one of its customers, pursuant to which the Company is obligated to provide up to $1.1 million of credits against any amounts due to the Company from the customer based on cash collected on the notes receivable. In the event the Company does not have any outstanding balances due from the customer, the Company would be obligated to remit up to the first $1.1 million collected on the notes receivable directly to the customer. The notes receivable are recorded at estimated fair value. The significant unobservable inputs used in the fair value measurement of the Company’s notes receivable are the discount rate and percentage of default. Significant increases (decreases) in any of these inputs in isolation would result in significantly lower (higher) fair value measurements. Adjustments to the fair value of the notes receivable are included in other (expense) income on the Company’s condensed consolidated statements of operations. In order to estimate the fair value, the Company reviews the financial position and estimated cash flows of the debtor of the notes receivable. During the year ended December 31, 2019, the Company adjusted the carrying value of the notes receivable to $0 based on management’s review of the debtor’s financial statements and changes in the underlying trend of historical and projected cash flows available to service the notes. The related $1.1 million contingent liability was also adjusted during the year ended December 31, 2019, based on the Company’s expectation that cash flow from the notes receivable will not be available. As of March 31, 2020, management estimated the fair value of the notes receivable to be $0. The Company’s short-term and long-term debt is recorded at historical cost. As of March 31, 2020, the Company’s long-term debt, including current maturities, had a carrying value of $3.8 million. Based on discounted cash flows using current quoted interest rates (Level 2 of the fair value hierarchy), the estimated fair value at March 31, 2020 was $3.5 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). The Company did not have any significant non-recurring measurements of non-financial assets or liabilities during the three months ended March 31, 2020 or 2019.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-15, “Intangibles- Goodwill and Other- Internal Use Software (Topic 350): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract.” This ASU requires customers in a cloud computing arrangement (i.e., hosting arrangement) that is a service contract to follow the internal use software guidance in ASC 350-40 to determine which implementation costs to capitalize or expense. The standard is effective for annual periods beginning after December 15, 2019, and interim periods within those fiscal years. The adoption of the new standard on January 1, 2020 did not have an impact on the Company’s consolidated financial statements and related disclosures. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework- Changes to the Disclosure Requirements for Fair Value Measurement.” This ASU improves the effectiveness of fair value measurement disclosures by eliminating, adding and modifying certain disclosure requirements for fair value measurements as part of its disclosure framework project. Entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but public companies will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. The standard is effective for annual periods beginning after December 15, 2019, and interim periods within those fiscal years. The adoption of the new standard on January 1, 2020 did not have an impact on the Company’s consolidated financial statements and related disclosures.
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 was initially effective for the Company for annual reporting periods beginning after December 15, 2019 and interim periods within those fiscal years. In November 2019, the FASB issued ASU 2019-10, “Financial Instruments – Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates,” which, among other things, defers the effective date of ASU 2016-13 for public filers that are considered smaller reporting companies as defined by the SEC to fiscal years beginning after December 15, 2022, including interim periods within those years. Early adoption is permitted. The Company believes the adoption of this ASU will not significantly impact its results of operations and financial position. In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.” This ASU removes certain exceptions for investments, intraperiod allocations and interim tax calculations and adds guidance to reduce complexity in accounting for income taxes. The effective date of the standard will be for annual periods beginning after December 15, 2020, with early adoption permitted. The various amendments in the standard are applied on a retrospective basis, modified retrospective basis and prospective basis, depending on the amendment. The Company is currently evaluating the new guidance to determine the impact it may have on its consolidated financial statements. In January 2020, the FASB issued ASU 2020-01, “Clarifying the Interactions Between Topic 321, Topic 323, and Topic 815.” This ASU clarifies the interaction between accounting standards related to equity securities, equity method investments and certain derivatives. The effective date of the standard will be for annual periods beginning after December 15, 2020, and interim periods within those fiscal years. The Company is currently evaluating the impact of the adoption of the new standard on its condensed consolidated financial statements and related disclosures. In April 2020, the FASB issued a question-and-answer document to address stakeholder questions on the application of the lease accounting guidance for lease concessions related to the effects of the COVID-19 pandemic. The guidance will allow concessions related to the timing of payments, where the total consideration has not changed, to not be accounted for as lease modifications. Instead, any such concessions can be accounted for as if no change was made to the contract or as variable lease payments. The Company is currently assessing the impact of the question-and-answer document on its condensed consolidated financial statements, and will adopt the guidance in the second quarter of 2020, to the extent applicable.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Schedule of Fair Value Measured Financial Assets and 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 March 31, 2020 and December 31, 2019. Fair values measured on a recurring basis at March 31, 2020 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 6,546 $ - $ - $ 6,546 Restricted cash 351 - - 351 Notes receivable - - - - Total $ 6,897 $ - $ - $ 6,897 Fair values measured on a recurring basis at December 31, 2019 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 4,951 $ - $ - $ 4,951 Restricted cash 351 - - 351 Notes receivable - - - - Total $ 5,302 $ - $ - $ 5,302
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): Three Months Ended March 31, 2020 2019 Notes receivable balance, beginning of period $ - $ 3,965 Fair value adjustment - (510 ) Notes receivable balance, end of period $ - $ 3,455

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2020
Major Source [Member]
Schedule of Disaggregation of Revenue	The following tables disaggregate the Company’s revenue by major source and by operating segment for the three months ended March 31, 2020 and March 31, 2019 (in thousands): Three Months Ended March 31, 2020 Strong Entertainment Convergent Strong Outdoor Other Total Screen system sales $ 2,956 $ - $ - $ - $ 2,956 Digital equipment sales 1,649 1,172 - - 2,821 Extended warranty sales 159 - - - 159 Other product sales 468 - - - 468 Total product sales 5,232 1,172 - - 6,404 Field maintenance and monitoring services 1,804 3,414 28 - 5,246 Installation services 257 357 - - 614 Advertising - - 1,169 - 1,169 Other service revenues 22 19 - 101 142 Total service revenues 2,083 3,790 1,197 101 7,171 Total $ 7,315 $ 4,962 $ 1,197 $ 101 $ 13,575 Three Months Ended March 31, 2019 Strong Entertainment Convergent Strong Outdoor Other Total Screen system sales $ 2,819 $ - $ - $ - $ 2,819 Digital equipment sales 1,484 625 - - 2,109 Extended warranty sales 234 - - - 234 Other product sales 398 - - - 398 Total product sales 4,935 625 - - 5,560 Field maintenance and monitoring services 1,967 2,773 53 - 4,793 Installation services 670 2,118 - - 2,788 Advertising - - 1,040 - 1,040 Other service revenues 29 19 - 77 125 Total service revenues 2,666 4,910 1,093 77 8,746 Total $ 7,601 $ 5,535 $ 1,093 $ 77 $ 14,306
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 months ended March 31, 2020 and March 31, 2019 (in thousands): Three Months Ended March 31, 2020 Strong Entertainment Convergent Strong Outdoor Other Total Point in time $ 5,717 $ 1,794 $ 1,197 $ 4 $ 8,712 Over time 1,598 3,168 - 97 4,863 Total $ 7,315 $ 4,962 $ 1,197 $ 101 $ 13,575 Three Months Ended March 31, 2019 Strong Entertainment Convergent Strong Outdoor Other Total Point in time $ 6,044 $ 2,992 $ 1,093 $ - $ 10,129 Over time 1,557 2,543 - 77 4,177 Total $ 7,601 $ 5,535 $ 1,093 $ 77 $ 14,306

Loss Per Common Share (Tables)

Loss Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of Reconciliation Weighted Average Between Basic and Diluted Earnings Per Share	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 months ended March 31, 2020 and March 31, 2019. The following table summarizes the weighted average shares used to compute basic and diluted loss per share (shares in thousands): Three Months Ended March 31, 2020 2019 Weighted average shares outstanding: Basic weighted average shares outstanding 14,625 14,438 Dilutive effect of stock options and certain non-vested restricted stock awards - - Diluted weighted average shares outstanding 14,625 14,438

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following (in thousands): March 31, 2020 December 31, 2019 Raw materials and components $ 1,562 $ 1,584 Work in process 237 211 Finished goods 995 1,084 $ 2,794 $ 2,879

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Summary of Investments	The following summarizes our investments (dollars in thousands): March 31, 2020 December 31, 2019 Carrying Amount Economic Interest Carrying Amount Economic Interest Equity Method Investments 1347 Property Insurance Holdings, Inc. $ 8,239 17.1 % $ 6,897 17.2 % Itasca Capital, Ltd. 2,515 32.3 % 2,800 32.3 % Total Equity Method Investments 10,754 9,697 Cost Method Investment Firefly Systems, Inc. 3,614 3,614 Total Investments $ 14,368 $ 13,311
Summary of Income (Loss) of Equity Method Investees	The following summarizes the income (loss) of equity method investees reflected in the condensed consolidated statements of operations (in thousands): Three Months Ended March 31, 2020 2019 Entity 1347 Property Insurance Holdings, Inc. $ 1,417 $ 144 Itasca Capital, Ltd. (48 ) (841 ) Total $ 1,369 $ (697 )
Summarized Financial Information	For the three months ended December 31, 2019 2018 Revenue $ 4,340 $ 352 Operating income $ 3,977 $ 240 Net income (loss) $ 8,121 $ (1,791 )

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets consisted of the following at March 31, 2020 (dollars in thousands): Useful life Gross Accumulated Amortization Net (Years) Intangible assets not yet subject to amortization: Software in development $ 223 $ - $ 223 Intangible assets subject to amortization: Software in service 5 2,403 (1,219 ) 1,184 Product formulation 10 431 (385 ) $ 46 Total $ 3,057 $ (1,604 ) $ 1,453 Intangible assets consisted of the following at December 31, 2019 (dollars in thousands): Useful life Gross Accumulated Amortization Net (Years) Intangible assets not yet subject to amortization: Software in development $ 203 $ - $ 203 Intangible assets subject to amortization: Software in service 5 2,362 (1,087 ) 1,275 Product formulation 10 471 (415 ) 56 Total $ 3,036 $ (1,502 ) $ 1,534
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 of 2020 $ 415 2021 516 2022 242 2023 57 2024 - Thereafter - Total $ 1,230

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 31, 2020
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 three months ended March 31, 2020 (in thousands): Balance as of December 31, 2019 $ 919 Foreign currency translation adjustment (77 ) Balance as of March 31, 2020 $ 842

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Debt	The Company’s debt consists of the following (in thousands): March 31, 2020 December 31, 2019 Short-term debt: Strong/MDI installment loan $ 2,767 $ 3,080 Insurance note payable 421 - Current portion of long-term debt 1,016 998 Total short-term debt 4,204 4,078 Long-term debt: Equipment term loans 3,788 4,031 Total principal balance of long-term debt 3,788 4,031 Less: current portion (1,016 ) (998 ) Less: unamortized debt issuance costs (15 ) (14 ) Total long-term debt 2,757 3,019 Total short-term and long-term debt $ 6,961 $ 7,097
Schedule of Long-term Debt Maturities	Scheduled repayments are as follows for the Company’s long-term debt outstanding as of March 31, 2020 (in thousands): Remainder of 2020 $ 758 2021 1,079 2022 1,146 2023 786 2024 19 Thereafter - Total $ 3,788

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2020
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): Lease cost Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Finance lease cost: Amortization of right-of-use assets $ 380 $ 49 Interest on lease liabilities 164 19 Operating lease cost 401 687 Short-term lease cost 15 6 Sublease income (116 ) (86 ) Net lease cost $ 844 $ 675 Other information Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 164 $ 19 Operating cash flows from operating leases $ 341 $ 590 Financing cash flows from finance leases $ 380 $ 49 Right-of-use assets obtained in exchange for new finance lease liabilities $ - $ 232 Right-of-use assets obtained in exchange for new operating lease liabilities $ 109 $ 644 As of March 31, 2020 Weighted-average remaining lease term - finance leases (years) 2.9 Weighted-average remaining lease term - operating leases (years) 7.0 Weighted-average discount rate - finance leases 12.1 % Weighted-average discount rate - operating leases 4.2 %
Schedule of Future Minimum Lease Payments	The following table presents a maturity analysis of the Company’s finance and operating lease liabilities as of March 31, 2020 (in thousands): Operating Leases Finance Leases Remainder of 2020 $ 920 $ 1,630 2021 1,169 2,173 2022 820 1,967 2023 660 353 2024 669 88 Thereafter 2,447 - Total lease payments 6,685 6,211 Less: Amount representing interest (1,079 ) (1,017 ) Present value of lease payments 5,606 5,194 Less: Current maturities (974 ) (1,633 ) Lease obligations, net of current portion $ 4,632 $ 3,561
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 of 2020 $ 109 2021 137 2022 23 2023 - 2024 - Thereafter - Total sublease payments $ 269

Stock Compensation (Tables)

Stock Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Summary of Stock Options Activities	The following table summarizes stock option activity for the three months ended March 31, 2020: Number of Options Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at December 31, 2019 1,107,000 $ 4.47 7.9 $ 148 Granted - Exercised - Forfeited - Expired - Outstanding at March 31, 2020 1,107,000 $ 4.47 7.6 $ - Exercisable at March 31, 2020 441,000 $ 5.09 6.7 $ -
Summary of Restricted Stock Activity	The following table summarizes restricted stock share activity for the three months ended March 31, 2020: Number of Restricted Stock Shares Weighted Average Grant Date Fair Value Non-vested at December 31, 2019 23,334 $ 6.50 Granted - Shares vested (23,334 ) 6.50 Shares forfeited - Non-vested at March 31, 2020 -
Schedule of Nonvested Restricted Stock Units Activity	The following table summarizes restricted stock unit activity for the three months ended March 31, 2020: Number of Restricted Stock Units Weighted Average Grant Date Fair Value Non-vested at December 31, 2019 522,379 $ 3.14 Granted - Shares vested (35,833 ) 4.70 Shares forfeited - Non-vested at March 31, 2020 486,546 $ 3.03

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information by Segment	Summary by Business Segments Three Months Ended March 31, 2020 2019 (in thousands) Net revenues Strong Entertainment $ 7,315 $ 7,601 Convergent 4,962 5,535 Strong Outdoor 1,197 1,093 Other 101 77 Total net revenues 13,575 14,306 Gross profit (loss) Strong Entertainment 1,834 2,415 Convergent 1,985 1,569 Strong Outdoor 333 (1,416 ) Other 101 77 Total gross profit 4,253 2,645 Operating (loss) income Strong Entertainment (337 ) 1,159 Convergent 857 752 Strong Outdoor (376 ) (2,012 ) Other (114 ) (237 ) Total segment operating income (loss) 30 (338 ) Unallocated administrative expenses (1,951 ) (2,238 ) Loss from operations (1,921 ) (2,576 ) Other income (expense), net 505 (736 ) Loss before income taxes and equity method investment loss $ (1,416 ) $ (3,312 )
Reconciliation of Assets from Segment to Consolidated	(In thousands) March 31, 2020 December 31, 2019 Identifiable assets Strong Entertainment $ 18,730 $ 18,135 Convergent 13,736 15,797 Strong Outdoor 3,491 3,737 Corporate assets 21,258 19,964 Total $ 57,215 $ 57,633
Schedule of Segment Reporting Information by Geographic Area	Summary by Geographical Area Three Months Ended March 31, (In thousands) 2020 2019 Net revenue United States $ 11,680 $ 12,864 Canada 740 798 China 201 212 Mexico 78 3 Latin America 276 29 Europe 194 280 Asia (excluding China) 258 58 Other 148 62 Total $ 13,575 $ 14,306
Summary of Identifiable Assets by Geographical Area	(In thousands) March 31, 2020 December 31, 2019 Identifiable assets United States $ 39,430 $ 37,508 Canada 17,785 20,125 Total $ 57,215 $ 57,633

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2011	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Bad debt expense		$ 819	$ (310)
Fair value adjustment of notes receivable			$ (510)
Fair value adjustment to contingent liability				1,100
Fair value of notes receivable
Long-term debt		3,788		$ 4,031
Estimated fair value of long term debt		$ 3,500
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%.
Amount obligated to customer	$ 1,100
Amount obligated to remit from customer	$ 1,100

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Fair Value Measured Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 6,546	$ 4,951
Restricted cash	351	351	$ 350
Notes receivable
Total	6,897	5,302
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	6,546	4,951
Restricted cash	351	351
Notes receivable
Total	6,897	5,302
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
Total

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Summary of Notes Receivable Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Accounting Policies [Abstract]
Notes receivable balance, beginning of period		$ 3,965	$ 3,965
Fair value adjustment		(510)
Notes receivable balance, end of period		$ 3,455

Revenue (Details Narrative)

Revenue (Details Narrative) $ in Thousands	Mar. 31, 2020USD ($)
Unearned revenue	$ 2,400
2021 [Member]
Unearned revenue	2,300
2021-2023 [Member]
Unearned revenue	$ 100

Revenue - Schedule of Disaggreg

Revenue - Schedule of Disaggregation of Revenue (Major Source) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Total net revenues	$ 13,575	$ 14,306
Strong Entertainment [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	7,315	7,601
Convergent [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	4,962	5,535
Strong Outdoor [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,197	1,093
Other [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	101	77
Product [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	6,404	5,560
Product [Member] | Screen System Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	2,956	2,819
Product [Member] | Digital Equipment Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	2,821	2,109
Product [Member] | Extended Warranty Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	159	234
Product [Member] | Other Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	468	398
Product [Member] | Strong Entertainment [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	5,232	4,935
Product [Member] | Strong Entertainment [Member] | Screen System Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	2,956	2,819
Product [Member] | Strong Entertainment [Member] | Digital Equipment Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,649	1,484
Product [Member] | Strong Entertainment [Member] | Other Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	468	398
Product [Member] | Convergent [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,172	625
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	1,172	625
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
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
Product [Member] | Entertainment [Member] | Extended Warranty Sales [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	159	234
Service [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	7,171	8,746
Service [Member] | Field Maintenance and Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	5,246	4,793
Service [Member] | Installation Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	614	2,788
Service [Member] | Advertising [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,169	1,040
Service [Member] | Other Service Revenues [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	142	125
Service [Member] | Strong Entertainment [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	2,083	2,666
Service [Member] | Strong Entertainment [Member] | Field Maintenance and Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,804	1,967
Service [Member] | Strong Entertainment [Member] | Installation Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	257	670
Service [Member] | Strong Entertainment [Member] | Advertising [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Service [Member] | Strong Entertainment [Member] | Other Service Revenues [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	22	29
Service [Member] | Convergent [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	3,790	4,910
Service [Member] | Convergent [Member] | Field Maintenance and Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	3,414	2,773
Service [Member] | Convergent [Member] | Installation Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	357	2,118
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	19	19
Service [Member] | Strong Outdoor [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,197	1,093
Service [Member] | Strong Outdoor [Member] | Field Maintenance and Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	28	53
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	1,169	1,040
Service [Member] | Strong Outdoor [Member] | Other Service Revenues [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Service [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	101	77
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	$ 101	$ 77

Revenue - Schedule of Disaggr_2

Revenue - Schedule of Disaggregation of Revenue (Timing of Transfer) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Total net revenues	$ 13,575	$ 14,306
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	8,712	10,129
Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	4,863	4,177
Strong Cinema [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	5,717	6,044
Strong Cinema [Member] | Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,598	1,557
Convergent [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	4,962	5,535
Convergent [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,794	2,992
Convergent [Member] | Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	3,168	2,543
Strong Outdoor [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,197	1,093
Strong Outdoor [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	1,197	1,093
Strong Outdoor [Member] | Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues
Other [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	101	77
Other [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	4
Other [Member] | Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	97	77
Strong Entertainment [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	$ 7,315	$ 7,601

Loss Per Common Share (Details

Loss Per Common Share (Details Narrative) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Stock Option In Which Exercise Price Exceeds The Average Market Price of Common Shares [Member]
Anti dilutive securities excluded from computation of earnings per share	1,057,000	833,500
Common Stock Equivalents [Member]
Anti dilutive securities excluded from computation of earnings per share	86,725	20,994

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
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Basic weighted average shares outstanding	14,625,000	14,438,000
Dilutive effect of stock options and certain non-vested restricted stock awards
Diluted weighted average shares outstanding	14,625,000	14,438,000

Inventories (Details Narrative)

Inventories (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Inventory valuation reserves	$ 900	$ 900

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials and components	$ 1,562	$ 1,584
Work in process	237	211
Finished goods	995	1,084
Inventories net	$ 2,794	$ 2,879

Investments (Details Narrative)

Investments (Details Narrative) - USD ($) $ in Thousands	May 21, 2019	Mar. 31, 2020	Mar. 31, 2019	Apr. 21, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Retained earnings undistributed earnings from our equity method investees		$ 13
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] | Other Income (Expense) [Member]
Schedule of Equity Method Investments [Line Items]
Selling profit		300
Second Quarter of 2020 [Member]
Schedule of Equity Method Investments [Line Items]
Loss on investment		1,400
1347 Property Insurance Holdings, Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Dividend received
Quoted fair value of the company's ownership		$ 5,100
Equity method ownership percentage		17.20%			17.20%
1347 Property Insurance Holdings, Inc. [Member] | Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Combined equity ownership percentage		20.00%
1347 Property Insurance Holdings, Inc. [Member] | Minimum [Member] | Subsequent Event [Member]
Schedule of Equity Method Investments [Line Items]
Combined equity ownership percentage				50.00%
Itasca Capital, Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Dividend received
Quoted fair value of the company's ownership		$ 2,500
Equity method ownership percentage		32.30%			32.30%
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	Mar. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Equity method investments, Carrying Amount	$ 10,754	$ 9,697
Total Investments	14,368	13,311
1347 Property Insurance Holdings, Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments, Carrying Amount	$ 8,239	$ 6,897
Equity method investments, Economic Interest	17.20%	17.20%
Itasca Capital, Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments, Carrying Amount	$ 2,515	$ 2,800
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	$ 3,614

Investments - Summary of Income

Investments - Summary of Income (Loss) of Equity Method Investees (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Schedule of Equity Method Investments [Line Items]
Equity method investment income (loss)	$ 1,369	$ (697)
1347 Property Insurance Holdings, Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment income (loss)	1,417	144
Itasca Capital, Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment income (loss)	$ (48)	$ (841)

Investments - Summarized Financ

Investments - Summarized Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Revenue	$ 4,340	$ 352
Operating income	3,977	240
Net income (loss)	$ 8,121	$ (1,791)

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 200	$ 200

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	$ 3,057	$ 3,036
Intangible assets, Accumulated amortization	(1,604)	(1,502)
Intangible assets, Net	$ 1,453	$ 1,534
Software in Service [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Useful life	5 years	5 years
Intangible assets, Gross	$ 2,403	$ 2,362
Intangible assets, Accumulated amortization	(1,219)	(1,087)
Intangible assets, Net	$ 1,184	$ 1,275
Product Formulation [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Useful life	10 years	10 years
Intangible assets, Gross	$ 431	$ 471
Intangible assets, Accumulated amortization	(385)	(415)
Intangible assets, Net	46	56
Software in Development [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	223	203
Intangible assets, Accumulated amortization
Intangible assets, Net	$ 223	$ 203

Intangible Assets - Schedule _2

Intangible Assets - Schedule of Intangible Assets Future Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Total	$ 1,453	$ 1,534
Intangible Assets [Member]
Remainder of 2020	415
2021	516
2022	242
2023	57
2024
Thereafter
Total	$ 1,230

Goodwill - Summary of Changes i

Goodwill - Summary of Changes in Carrying Amount of Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance at beginning	$ 919
Foreign currency translation adjustment	(77)
Balance at end	$ 842

Debt (Details Narrative)

Debt (Details Narrative) $ in Thousands, $ in Thousands	Apr. 14, 2020USD ($)	May 22, 2018USD ($)	Apr. 24, 2018USD ($)	Sep. 05, 2017CAD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2020CAD ($)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Long-term debt					$ 3,788		$ 4,031
Description on paycheck protection program					On April 23, 2020, the SBA, in consultation with the Department of Treasury, issued new guidance that creates additional uncertainty regarding the qualification requirements for a PPP loan for public companies. The Company has less than 300 employees and continues to be severely impacted by the disruption to the cinema, theme park and advertising industries as a result of COVID-19. However, out of an abundance of caution and in light of the new guidance, the Company repaid the full amount of the Loan plus accrued interest to the lender on May 5, 2020.	On April 23, 2020, the SBA, in consultation with the Department of Treasury, issued new guidance that creates additional uncertainty regarding the qualification requirements for a PPP loan for public companies. The Company has less than 300 employees and continues to be severely impacted by the disruption to the cinema, theme park and advertising industries as a result of COVID-19. However, out of an abundance of caution and in light of the new guidance, the Company repaid the full amount of the Loan plus accrued interest to the lender on May 5, 2020.
20-year Installment Loan [Member]
Debt Instrument [Line Items]
Loan term			20 years		20 years	20 years
Proceeds from issuance of debt					$ 2,800
Debt bearing interest fixed rate							2.45%
Loan [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Proceeds from issuance of debt	$ 3,200
Canadian Dollar [Member] | 20-year Installment Loan [Member]
Debt Instrument [Line Items]
Proceeds from issuance of debt			$ 3,500			$ 3,900
Installment Payment Agreement [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 4,400
Debt description		In each of December 2018 and June 2019, Convergent entered into additional installment payment agreements with other financing companies in order to purchase additional media players and related equipment, with each round of financing totaling approximately $0.6 million and $0.2 million, respectively. Installment payments under each contract are due monthly for a period of 60 months.
Number of installment payments		60 months
Equipment Term Loans [Member]
Debt Instrument [Line Items]
Long-term debt					$ 3,800
Weighted average fixed rate					7.70%
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	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Strong/MDI installment loan	$ 3,188	$ 3,080
Insurance note payable	421
Current portion of long-term debt	1,016	998
Total short-term debt	4,204	4,078
Total principal balance of long-term debt	3,788	4,031
Less: current portion	(1,016)	(998)
Less: unamortized debt issuance costs	(15)	(14)
Total long-term debt	2,757	3,019
Total short-term and long-term debt	6,961	7,097
Strong/MDI Installment Loan [Member]
Debt Instrument [Line Items]
Strong/MDI installment loan	2,767	3,080
Equipment Term Loans [Member]
Debt Instrument [Line Items]
Total principal balance of long-term debt	$ 3,788	$ 4,031

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
Remainder of 2020	$ 758
2021	1,079
2022	1,146
2023	786
2024	19
Thereafter
Total	$ 3,788	$ 4,031

Leases (Details Narrative)

Leases (Details Narrative)	3 Months Ended
	Mar. 31, 2020
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
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Finance lease cost: Amortization of right-of-use assets	$ 380	$ 49
Finance lease cost: Interest on lease liabilities	164	19
Operating lease cost	401	687
Short-term lease cost	15	6
Sublease income	(116)	(86)
Net lease cost	844	675
Operating cash flows from finance leases	164	19
Operating cash flows from operating leases	341	590
Financing cash flows from finance leases	380	49
Right-of-use assets obtained in exchange for new finance lease liabilities		232
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 109	$ 644
Weighted-average remaining lease term - finance leases (years)	2 years 10 months 25 days
Weighted-average remaining lease term - operating leases (years)	7 years
Weighted-average discount rate - finance leases	12.10%
Weighted-average discount rate - operating leases	4.20%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating Leases, Remainder of 2020	$ 920
Operating Leases, 2021	1,169
Operating Leases, 2022	820
Operating Leases, 2023	660
Operating Leases, 2024	669
Operating Leases, Thereafter	2,447
Operating Leases, Total lease payments	6,685
Less: Amount representing interest	(1,079)
Present value of lease payments	5,606
Less: Current maturities	(974)	$ (971)
Lease obligations, net of current portion	4,632	4,809
Finance Leases, Remainder of 2020	1,630
Finance Leases, 2021	2,173
Finance Leases, 2022	1,967
Finance Leases, 2023	353
Finance Leases, 2024	88
Finance Leases, Thereafter
Finance Leases, Total lease payments	6,211
Less: Amount representing interest	(1,017)
Present value of lease payments	5,194
Less: Current maturities	(1,633)	(1,586)
Lease obligations, net of current portion	$ 3,561	$ 3,988

Leases - Schedule of Maturity A

Leases - Schedule of Maturity Analysis of Long-term Subleases (Details) $ in Thousands	Mar. 31, 2020USD ($)
Leases [Abstract]
Remainder of 2020	$ 109
2021	137
2022	23
2023
2024
Thereafter
Total sublease payments	$ 269

Stock Compensation (Details Nar

Stock Compensation (Details Narrative) - USD ($) $ in Thousands	Dec. 17, 2019	Mar. 31, 2020	Mar. 31, 2019
Restricted Stock Shares and Restricted Stock Units [Member]
Compensation cost expected to be recognized, weighted average period		2 years
Unrecognized for restricted stock, value		$ 1,100
Stock Options [Member]
Share-based compensation arrangement by share-based payment award, options, non-vested, number		666,000
Total unrecognized compensation cost related to stock option awards		$ 1,000
Compensation cost expected to be recognized, weighted average period		3 years
Year 2017 Plan [Member]
Number of shares authorized for issuance	1,975,000
Share based compensation extended expiration date	Oct. 27, 2029
Share based compensation arrangement by share based payment award number of shares available for grant		2,366,778
Selling and Administrative Expenses [Member]
Share based compensation expense		$ 300	$ 200

Stock Compensation - Summary of

Stock Compensation - Summary of Stock Options Activities (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)$ / sharesshares
Share-based Payment Arrangement [Abstract]
Number of Options, Outstanding Beginning Balance | shares	1,107,000
Number of Options, Granted | shares
Number of Options, Exercised | shares
Number of Options, Forfeited | shares
Number of Options, Expired | shares
Number of Options, Outstanding Ending Balance | shares	1,107,000
Number of Options, Exercisable | shares	441,000
Weighted Average Exercise Price Per Share, Outstanding Beginning Balance | $ / shares	$ 4.47
Weighted Average Exercise Price Per Share, Granted | $ / shares
Weighted Average Exercise Price Per Share, Exercised | $ / shares
Weighted Average Exercise Price Per Share, Forfeited | $ / shares
Weighted Average Exercise Price Per Share, Expired | $ / shares
Weighted Average Exercise Price Per Share, Outstanding Ending Balance | $ / shares	4.47
Weighted Average Exercise Price Per Share, Exercisable | $ / shares	$ 5.09
Weighted Average Remaining Contractual Term, Beginning Balance	7 years 10 months 25 days
Weighted Average Remaining Contractual Term, Ending Balance	7 years 7 months 6 days
Weighted Average Remaining Contractual Term, Exercisable	6 years 8 months 12 days
Aggregate Intrinsic Value, Beginning Balance | $	$ 148
Aggregate Intrinsic Value, Ending Balance | $
Aggregate Intrinsic Value, Exercisable | $

Stock Compensation - Summary _2

Stock Compensation - Summary of Restricted Stock Activity (Details) - Restricted Stock Shares [Member]	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Restricted Stock, Non-vested beginning balance | shares	23,334
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
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

Stock Compensation - Schedule o

Stock Compensation - Schedule of Nonvested Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Restricted Stock, Non-vested beginning balance | shares	522,379
Number of Restricted Stock, Granted | shares
Number of Restricted Stock, vested | shares	(35,833)
Number of Restricted Stock, forfeited | shares
Number of Restricted Stock, Non-vested ending balance | shares	486,546
Weighted Average Grant Date Fair Value, Non-vested beginning balance | $ / shares	$ 3.14
Weighted Average Grant Date Fair Value, Granted | $ / shares
Weighted Average Grant Date Fair Value, Vested | $ / shares	4.70
Weighted Average Grant Date Fair Value, Forfeited | $ / shares
Weighted Average Grant Date Fair Value, Non-vested ending balance | $ / shares	$ 3.03

Commitments, Contingencies an_2

Commitments, Contingencies and Concentrations (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Strong/MDI's Quebec [Member]
Concentration Risk [Line Items]
Proceeds from insurance	$ 3,000
Insurance recoveries	100	$ 400
Strong/MDI's Quebec [Member] | Property and Casualty Claim [Member]
Concentration Risk [Line Items]
Proceeds from insurance	1,900
Strong/MDI's Quebec [Member] | Business Interruption Claim [Member]
Concentration Risk [Line Items]
Proceeds from insurance	1,100
Accrued expenses	$ 800
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | Top 10 Customers [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	52.00%
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | One Customer [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Top 10 Customers [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	40.00%

Business Segment Information (D

Business Segment Information (Details Narrative)	3 Months Ended
	Mar. 31, 2020Segments
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
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Total net revenues	$ 13,575	$ 14,306
Total gross profit	4,253	2,645
Total segment operating income (loss)	30	(338)
Unallocated administrative expenses	(1,951)	(2,238)
Loss from operations	(1,921)	(2,576)
Other income (expense), net	50	(736)
Loss before income taxes and equity method investment loss	(1,416)	(3,312)
Strong Entertainment [Member]
Segment Reporting Information [Line Items]
Total net revenues	7,315	7,601
Total gross profit	1,834	2,415
Total segment operating income (loss)	(337)	1,159
Convergent [Member]
Segment Reporting Information [Line Items]
Total net revenues	4,962	5,535
Total gross profit	1,985	1,569
Total segment operating income (loss)	857	752
Strong Outdoor [Member]
Segment Reporting Information [Line Items]
Total net revenues	1,197	1,093
Total gross profit	333	(1,416)
Total segment operating income (loss)	(376)	(2,012)
Other [Member]
Segment Reporting Information [Line Items]
Total net revenues	101	77
Total gross profit	101	77
Total segment operating income (loss)	$ (114)	$ (237)

Business Segment Information _2

Business Segment Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets	$ 57,215	$ 57,633
Strong Entertainment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets	18,730	18,135
Convergent [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets	13,736	15,797
Strong Outdoor [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets	3,491	3,737
Corporate Assets [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets	$ 21,258	$ 19,964

Business Segment Information _3

Business Segment Information - Schedule of Segment Reporting Information by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Net revenue	$ 13,575	$ 14,306
United States [Member]
Segment Reporting Information [Line Items]
Net revenue	11,680	12,864
Canada [Member]
Segment Reporting Information [Line Items]
Net revenue	740	798
China [Member]
Segment Reporting Information [Line Items]
Net revenue	201	212
Mexico [Member]
Segment Reporting Information [Line Items]
Net revenue	78	3
Latin America [Member]
Segment Reporting Information [Line Items]
Net revenue	276	29
Europe [Member]
Segment Reporting Information [Line Items]
Net revenue	194	280
Asia (Excluding China) [Member]
Segment Reporting Information [Line Items]
Net revenue	258	58
Other [Member]
Segment Reporting Information [Line Items]
Net revenue	$ 148	$ 62

Business Segment Information _4

Business Segment Information - Summary of Identifiable Assets by Geographical Area (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Identifiable assets	$ 57,215	$ 57,633
United States [Member]
Segment Reporting Information [Line Items]
Identifiable assets	39,430	37,508
Canada [Member]
Segment Reporting Information [Line Items]
Identifiable assets	$ 17,785	$ 20,125