INTANGIBLE ASSETS (Tables)
|
12 Months Ended |
Dec. 31, 2012
|
Components of Intangible Assets |
At December 31, 2012,
the Company had the following intangible assets subject to
amortization:
|
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|
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|
|
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|
December 31,
2012 |
|
|
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Carrying
Amount |
|
Patents
|
|
$ |
267,904 |
|
|
$ |
(106,725 |
) |
|
$ |
161,179 |
|
Trademarks
|
|
|
4,314,000 |
|
|
|
(249,803 |
) |
|
|
4,064,197 |
|
Customer
relationships
|
|
|
8,283,000 |
|
|
|
(486,983 |
) |
|
|
7,796,017 |
|
Product certification and
licensing costs
|
|
|
61,017 |
|
|
|
(29,534 |
) |
|
|
31,483 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
12,925,921 |
|
|
$ |
(873,045 |
) |
|
$ |
12,052,876 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2011,
the Company had the following intangible assets subject to
amortization:
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2011 |
|
|
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Carrying
Amount |
|
Patents
|
|
$ |
1,286,437 |
|
|
$ |
(197,803 |
) |
|
$ |
1,088,634 |
|
Trademarks
|
|
|
908,998 |
|
|
|
(192,461 |
) |
|
|
716,537 |
|
Customer
relationships
|
|
|
1,010,000 |
|
|
|
(370,333 |
) |
|
|
639,667 |
|
Non-compete
agreement
|
|
|
60,000 |
|
|
|
(55,000 |
) |
|
|
5,000 |
|
Product certification and
licensing costs
|
|
|
158,024 |
|
|
|
(63,893 |
) |
|
|
94,131 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,423,459 |
|
|
$ |
(879,490 |
) |
|
$ |
2,543,969 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Estimated Annual Amortization Expense |
As of December 31, 2012, amortization expense
on intangible assets for the next five years and thereafter is as
follows:
|
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|
|
|
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|
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|
|
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|
|
|
|
|
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|
2013 |
|
|
2014 |
|
|
2015 |
|
|
2016 |
|
|
2017 |
|
|
Thereafter |
|
|
Totals |
|
Patents
|
|
$ |
23,215 |
|
|
$ |
23,215 |
|
|
$ |
23,215 |
|
|
$ |
23,215 |
|
|
$ |
23,215 |
|
|
$ |
45,104 |
|
|
$ |
161,179 |
|
Trademarks
|
|
|
337,932 |
|
|
|
337,932 |
|
|
|
337,932 |
|
|
|
337,932 |
|
|
|
337,932 |
|
|
|
2,374,537 |
|
|
|
4,064,197 |
|
Customer
relationships
|
|
|
707,083 |
|
|
|
707,083 |
|
|
|
707,083 |
|
|
|
707,083 |
|
|
|
707,083 |
|
|
|
4,260,602 |
|
|
|
7,796,017 |
|
Product certification and
licensing costs
|
|
|
16,403 |
|
|
|
10,679 |
|
|
|
4,401 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
31,483 |
|
|
|
|
|
|
|
|
|
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|
|
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|
|
|
|
|
|
|
|
|
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|
Total
|
|
$ |
1,084,633 |
|
|
$ |
1,078,909 |
|
|
$ |
1,072,631 |
|
|
$ |
1,068,230 |
|
|
$ |
1,068,230 |
|
|
$ |
6,680,243 |
|
|
$ |
12,052,876 |
|
|
|
|
|
|
|
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|
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|
LED Replacement Lamps and Fixtures
|
|
Components of Intangible Assets |
For the year
ended December 31, 2012, the Company recognized the following
impairment charges for intangible assets in the Company’s
Array division and its corporate business unit:
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|
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|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Carrying Amount Prior to Impairment
|
|
|
Impairment
Recognized |
|
|
Net Carrying Amount
at December 31, 2012
|
|
Patents
|
|
$ |
1,073,188 |
|
|
$ |
(138,851 |
) |
|
$ |
934,337 |
|
|
$ |
(934,337 |
) |
|
$ |
— |
|
Trademarks
|
|
|
28,998 |
|
|
|
(3,509 |
) |
|
|
25,489 |
|
|
|
(25,489 |
) |
|
|
— |
|
Product certification and
licensing costs
|
|
|
125,427 |
|
|
|
(70,118 |
) |
|
|
55,309 |
|
|
|
(55,309 |
) |
|
|
— |
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,227,613 |
|
|
$ |
(212,478 |
) |
|
$ |
1,015,135 |
|
|
$ |
(1,015,135 |
) |
|
$ |
— |
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