| Components of Segment Reporting |
Financial
information relating to the reportable operating segments for the
years ended December 31, 2012 and 2011 is presented
below:
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Year Ended December 31, |
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2012 |
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|
2011 |
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Revenues from external
customers:
|
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|
|
|
|
|
|
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|
LED replacement lamps and
fixtures
|
|
$ |
792,068 |
|
|
$ |
4,938,762 |
|
|
LED signage and lighting
strips
|
|
|
3,689,287 |
|
|
|
4,049,086 |
|
|
|
|
|
|
|
|
|
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|
Total revenues from
external customers
|
|
$ |
4,481,355 |
|
|
$ |
8,987,848 |
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|
|
|
|
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Segment loss:
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|
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LED replacement lamps and
fixtures
|
|
$ |
(5,819,970 |
) |
|
$ |
(952,112 |
) |
|
LED signage and lighting
strips
|
|
|
(195,272 |
) |
|
|
(470,295 |
) |
|
|
|
|
|
|
|
|
|
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Segment loss
|
|
|
(6,015,242 |
) |
|
|
(1,422,407 |
) |
|
Unallocated
amounts:
|
|
|
|
|
|
|
|
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Corporate
expenses
|
|
|
(3,401,417 |
) |
|
|
(3,876,418 |
) |
|
Interest income
|
|
|
203 |
|
|
|
569 |
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|
Gain on debt
restructuring
|
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|
1,048,308 |
|
|
|
— |
|
|
Interest expense
|
|
|
(210,014 |
) |
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|
(126,658 |
) |
|
|
|
|
|
|
|
|
|
|
Loss from continuing
operations
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|
$ |
(8,578,162 |
) |
|
$ |
(5,424,914 |
) |
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|
|
|
|
|
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|
|
|
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Depreciation and
amortization:
|
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|
|
|
|
|
|
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LED replacement lamps and
fixtures
|
|
$ |
155,851 |
|
|
$ |
275,881 |
|
|
LED signage and lighting
strips
|
|
|
237,092 |
|
|
|
252,408 |
|
|
|
|
|
|
|
|
|
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|
Segment depreciation and
amortization
|
|
|
392,943 |
|
|
|
528,289 |
|
|
Corporate depreciation and
amortization
|
|
|
100,753 |
|
|
|
225,903 |
|
|
|
|
|
|
|
|
|
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Total depreciation and
amortization
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|
$ |
493,696 |
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$ |
754,192 |
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|
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Segment assets:
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LED replacement lamps and
fixtures
|
|
$ |
25,839,486 |
|
|
$ |
5,690,478 |
|
|
LED signage and lighting
strips
|
|
|
4,736,657 |
|
|
|
5,008,561 |
|
|
|
|
|
|
|
|
|
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Total segment
assets
|
|
|
30,576,143 |
|
|
|
10,699,039 |
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Elimination of intercompany
receivable
|
|
|
(3,988,921 |
) |
|
|
(1,751,943 |
) |
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Other corporate
assets
|
|
|
5,980,464 |
|
|
|
3,000,912 |
|
|
|
|
|
|
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Total assets
|
|
$ |
32,567,686 |
|
|
$ |
11,948,008 |
|
|
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|
|
|
|
|
|
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Expenditures for segment
assets:
|
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|
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|
|
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LED replacement lamps and
fixtures
|
|
$ |
82,076 |
|
|
$ |
296,898 |
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|
LED signage and lighting
strips
|
|
|
20,600 |
|
|
|
52,205 |
|
|
|
|
|
|
|
|
|
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Total expenditures for
segment assets
|
|
|
102,676 |
|
|
|
349,103 |
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|
Corporate expenditures for
assets
|
|
|
— |
|
|
|
14,171 |
|
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|
|
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|
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Total expenditures for
assets
|
|
$ |
102,676 |
|
|
$ |
363,274 |
|
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|
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| Net Revenue by Geographical Location |
Net revenues by
geographic location, based on location of customers, were as
follows:
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December 31, |
|
| |
|
2012 |
|
|
2011 |
|
|
United States
|
|
$ |
3,901,410 |
|
|
$ |
8,022,432 |
|
|
Canada
|
|
|
382,532 |
|
|
|
599,868 |
|
|
Other
|
|
|
197,413 |
|
|
|
365,548 |
|
|
|
|
|
|
|
|
|
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Total
|
|
$ |
4,481,355 |
|
|
$ |
8,987,848 |
|
|
|
|
|
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|