Quarterly report pursuant to sections 13 or 15(d)

Other Intangible Assets (Tables)

v2.4.0.6
Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2012
Finite-Lived Intangible Assets [Line Items]  
Components of Intangible Assets
                         
    (Unaudited)
June 30, 2012
 
    Gross Carrying
Amount
    Accumulated
Amortization
    Net Carrying
Amount
 

Patents

  $ 267,904     $ (95,118   $ 172,786  

Trademarks

    880,000       (215,687     664,313  

Customer relationships

    1,010,000       (420,833     589,167  

Non-compete agreement

    60,000       (60,000     —    

Product certification and licensing costs

    40,417       (20,328     20,089  
   

 

 

   

 

 

   

 

 

 
    $ 2,258,321     $ (811,966   $ 1,446,355  
   

 

 

   

 

 

   

 

 

 
                         
    December 31, 2011  
    Gross Carrying
Amount
    Accumulated
Amortization
    Net Carrying
Amount
 

Patents

  $ 1,286,437     $ (197,803   $ 1,088,634  

Trademarks

    908,998       (192,461     716,537  

Customer relationships

    1,010,000       (370,333     639,667  

Non-compete agreement

    60,000       (55,000     5,000  

Product certification and licensing costs

    158,024       (63,893     94,131  
   

 

 

   

 

 

   

 

 

 
    $ 3,423,459     $ (879,490   $ 2,543,969  
   

 

 

   

 

 

   

 

 

 
Estimated annual amortization expense
         

Year Ending December 31:

       

2012

  $ 94,727  

2013

    185,518  

2014

    179,794  

2015

    175,980  

2016

    175,980  

Thereafter

    634,356  
   

 

 

 
    $ 1,446,355  
   

 

 

 
LED Replacement Lamps [Member]
 
Finite-Lived Intangible Assets [Line Items]  
Components of Intangible Assets
                                         
    Gross Carrying
Amount
    Accumulated
Amortization
    Net Carrying
Amount Prior
to Impairment
    Impairment
Recognized
    Net Carrying
Amount at

June 30, 2012
 

Patents

  $ 1,073,188     $ (138,851   $ 934,337     $ (934,337   $ —    

Trademarks

    28,998       (3,509     25,489       (25,489     —    

Product certification and licensing costs

    125,427       (70,118     55,309       (55,309     —    
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 1,227,613     $ (212,478   $ 1,015,135     $ (1,015,135   $ —