| Segment Reporting |
The
Company’s operations are principally managed on a product
basis and are comprised of two reportable segments for financial
reporting purposes: LED replacement lamps and fixtures and LED
signage and lighting strips.
Financial
information relating to the reportable operating segments for the
three months ended March 31, 2013 and 2012 is presented
below:
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Three Months Ended
March 31, |
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2013 |
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|
2012 |
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Revenues from external
customers:
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|
|
|
|
|
|
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LED replacement lamps and
fixtures
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|
$ |
5,461,269 |
|
|
$ |
290,146 |
|
|
LED signage and lighting
strips
|
|
|
850,132 |
|
|
|
858,101 |
|
|
|
|
|
|
|
|
|
|
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Total revenues from
external customers
|
|
$ |
6,311,401 |
|
|
$ |
1,148,247 |
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|
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Segment income
(loss):
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|
|
|
|
|
|
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LED replacement lamps and
fixtures
|
|
$ |
60,496 |
|
|
$ |
(622,032 |
) |
|
LED signage and lighting
strips
|
|
|
(70,443 |
) |
|
|
(94,684 |
) |
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|
|
|
|
|
|
|
|
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Segment income
(loss)
|
|
|
(9,947 |
) |
|
|
(716,716 |
) |
|
Unallocated
amounts:
|
|
|
|
|
|
|
|
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Corporate
expenses
|
|
|
(2,139,084 |
) |
|
|
(1,007,642 |
) |
|
Change in fair value of
embedded derivative
|
|
|
(3,169,083 |
) |
|
|
— |
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|
Other income
(expense)
|
|
|
31 |
|
|
|
(46,828 |
) |
|
|
|
|
|
|
|
|
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Loss from continuing
operations
|
|
$ |
(5,318,083 |
) |
|
$ |
(1,771,186 |
) |
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Depreciation and
amortization:
|
|
|
|
|
|
|
|
|
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LED replacement lamps and
fixtures
|
|
$ |
924,446 |
|
|
$ |
54,874 |
|
|
LED signage and lighting
strips
|
|
|
58,555 |
|
|
|
62,463 |
|
|
|
|
|
|
|
|
|
|
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Segment depreciation and
amortization
|
|
|
983,001 |
|
|
|
117,337 |
|
|
Corporate depreciation and
amortization
|
|
|
5,428 |
|
|
|
79,366 |
|
|
|
|
|
|
|
|
|
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Total depreciation and
amortization
|
|
$ |
988,429 |
|
|
$ |
196,703 |
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