Quarterly report pursuant to sections 13 or 15(d)

Goodwill (Tables)

v2.4.0.6
Goodwill (Tables)
3 Months Ended
Mar. 31, 2013
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