| Segment Reporting |
The Company's operations are principally managed on a product basis and are comprised of two reportable segments for financial purposes: LED replacement lamps and LED signage and lighting strips. The Array® product line consists of white light LED replacement lamps. The Lumificient product line consists of LED signage and lighting strips.
Financial information relating to the reportable operating segments for the three months ended March 31, 2012 and 2011 is presented below:
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Three Months Ended March 31, |
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2012 |
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2011 |
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Revenues from external customers:
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LED replacement lamps
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$ |
290,146 |
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$ |
379,053 |
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LED signage and lighting strips
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858,101 |
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1,174,541 |
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Total revenues from external customers
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$ |
1,148,247 |
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$ |
1,553,594 |
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Segment income (loss):
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LED replacement lamps
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$ |
(622,032 |
) |
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$ |
(302,628 |
) |
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LED signage and lighting strips
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(94,684 |
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86,204 |
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Segment loss
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(716,716 |
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(216,424 |
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Unallocated amounts:
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Corporate expenses
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(1,007,642 |
) |
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(1,090,917 |
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Interest income
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56 |
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|
240 |
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Interest expense
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(46,884 |
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(27,461 |
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Loss from continuing operations
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$ |
(1,771,186 |
) |
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$ |
(1,334,562 |
) |
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Depreciation and amortization:
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LED replacement lamps
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$ |
54,874 |
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$ |
64,932 |
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LED signage and lighting strips
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62,463 |
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62,645 |
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Segment depreciation and amortization
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117,337 |
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127,577 |
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Corporate depreciation and amortization
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79,366 |
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55,950 |
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Total depreciation and amortization
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$ |
196,703 |
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$ |
183,527 |
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