Changes in Carrying Amount of Goodwill |
The changes in
the carrying amount of goodwill for the year ended December 31,
2012 and the three months ended March 31, 2013 are as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LED Replacement
Lamps and
Fixtures |
|
|
LED Signage
and Lighting
Strips |
|
|
Total |
|
Balance, January 1,
2012
|
|
$ |
1,988,920 |
|
|
$ |
— |
|
|
$ |
1,988,920 |
|
Seesmart
acquisition
|
|
|
11,456,593 |
|
|
|
— |
|
|
|
11,456,593 |
|
Impairment loss
|
|
|
(1,988,920 |
) |
|
|
— |
|
|
|
(1,988,920 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31,
2012
|
|
$ |
11,456,593 |
|
|
$ |
— |
|
|
$ |
11,456,593 |
|
Seesmart acquisition
remeasurement
|
|
|
(1,297,891 |
) |
|
|
— |
|
|
|
(1,297,891 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, March 31,
2013
|
|
$ |
10,158,702 |
|
|
$ |
— |
|
|
$ |
10,158,702 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated
Balances:
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill
|
|
$ |
12,147,622 |
|
|
$ |
407,369 |
|
|
$ |
12,554,991 |
|
Accumulated impairment
losses
|
|
|
(1,988,920 |
) |
|
|
(407,369 |
) |
|
|
(2,396,289 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, March 31,
2013
|
|
$ |
10,158,702 |
|
|
$ |
— |
|
|
$ |
10,158,702 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|