Components of Segment Reporting |
Financial
information relating to the reportable operating segments for the
three and six months ended June 30, 2013 and 2012 is presented
below:
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2013 |
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2012 |
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2013 |
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2012 |
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Revenues from external
customers:
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LED replacement
lamps
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$ |
6,505,097 |
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$ |
169,724 |
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$ |
11,966,366 |
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$ |
459,870 |
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LED signage and lighting
strips
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852,210 |
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883,581 |
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1,702,342 |
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1,741,682 |
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Total revenues from
external customers
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$ |
7,357,307 |
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$ |
1,053,305 |
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$ |
13,668,709 |
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$ |
2,201,552 |
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Segment (loss)
income:
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LED replacement
lamps
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$ |
353,749 |
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$ |
(4,848,361 |
) |
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$ |
414,245 |
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$ |
(5,470,393 |
) |
LED signage and lighting
strips
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(22,491 |
) |
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(55,435 |
) |
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(92,934 |
) |
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(150,119 |
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Segment (loss)
income
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331,258 |
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(4,903,796 |
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321,311 |
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(5,620,512 |
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Unallocated
amounts:
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Corporate
expenses
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(1,644,547 |
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(741,004 |
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(3,783,631 |
) |
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(1,748,646 |
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Change in fair value of
embedded derivative
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(3,821,270 |
) |
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— |
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(6,990,353 |
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— |
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Other income
(expense)
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— |
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(83,644 |
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31 |
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(130,472 |
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Loss from continuing
operations
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$ |
(5,134,559 |
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$ |
(5,728,444 |
) |
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$ |
(10,452,641 |
) |
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$ |
(7,499,630 |
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Depreciation and
amortization:
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LED replacement
lamps
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$ |
1,005,456 |
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$ |
55,652 |
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$ |
1,929,902 |
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$ |
110,526 |
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LED signage and lighting
strips
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56,866 |
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58,478 |
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115,421 |
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120,942 |
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Segment depreciation and
amortization
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1,062,322 |
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114,130 |
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2,045,323 |
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231,468 |
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Corporate depreciation
and amortization
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5,446 |
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27,571 |
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10,874 |
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106,936 |
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Total depreciation and
amortization
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$ |
1,067,768 |
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$ |
141,701 |
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$ |
2,056,197 |
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$ |
338,404 |
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