Components of Segment Reporting |
Financial information relating to the reportable operating segments
for the years ended December 31, 2013, 2012 and 2011 is
presented below:
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|
|
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(in thousands)
|
|
Year Ended
December 31, |
|
|
2013 |
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|
2012 |
|
|
2011 |
|
Revenues from external customers:
|
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|
|
|
|
|
|
|
|
|
|
|
LED replacement lamps and fixtures
|
|
$ |
22,823 |
|
|
$ |
792 |
|
|
$ |
4,939 |
|
LED signage and lighting strips
|
|
|
3,237 |
|
|
|
3,689 |
|
|
|
4,049 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues from external customers
|
|
$ |
26,060 |
|
|
$ |
4,481 |
|
|
$ |
8,988 |
|
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|
|
|
|
|
|
|
|
|
|
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|
Segment loss:
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LED replacement lamps and fixtures
|
|
$ |
(3,495 |
) |
|
$ |
(5,820 |
) |
|
$ |
(952 |
) |
LED signage and lighting strips
|
|
|
(174 |
) |
|
|
(195 |
) |
|
|
(470 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment loss
|
|
|
(3,669 |
) |
|
|
(6,015 |
) |
|
|
(1,422 |
) |
Unallocated amounts:
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|
|
|
|
|
|
|
|
|
|
|
Corporate expenses
|
|
|
(6,853 |
) |
|
|
(3,402 |
) |
|
|
(3,876 |
) |
Change in fair value of embedded derivative
|
|
|
(6,990 |
) |
|
|
— |
|
|
|
— |
|
Gain on debt restructuring
|
|
|
— |
|
|
|
1,048 |
|
|
|
— |
|
Gain on bargain purchase of business
|
|
|
743 |
|
|
|
— |
|
|
|
— |
|
Interest expense, net
|
|
|
(52 |
) |
|
|
(210 |
) |
|
|
(127 |
) |
|
|
|
|
|
|
|
|
|
|
|
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|
Loss from continuing operations
|
|
$ |
(16,821 |
) |
|
$ |
(8,579 |
) |
|
$ |
(5,425 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization:
|
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|
|
|
|
|
|
|
|
|
|
|
LED replacement lamps and fixtures
|
|
$ |
1,799 |
|
|
$ |
156 |
|
|
$ |
276 |
|
LED signage and lighting strips
|
|
|
1,298 |
|
|
|
237 |
|
|
|
252 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Segment depreciation and amortization
|
|
|
3,097 |
|
|
|
393 |
|
|
|
528 |
|
Corporate depreciation and amortization
|
|
|
25 |
|
|
|
101 |
|
|
|
226 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Total depreciation and amortization
|
|
$ |
3,122 |
|
|
$ |
494 |
|
|
$ |
754 |
|
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|
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|
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|
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|
|
|
|
|
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As of December
31, |
|
|
|
2013 |
|
|
2012 |
|
Segment assets:
|
|
|
|
|
|
|
|
|
LED replacement lamps and fixtures
|
|
$ |
53,014 |
|
|
$ |
24,548 |
|
LED signage and lighting strips
|
|
|
4,524 |
|
|
|
4,737 |
|
|
|
|
|
|
|
|
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|
Total segment assets
|
|
|
57,538 |
|
|
|
29,285 |
|
Elimination of intercompany receivable
|
|
|
(14,231 |
) |
|
|
(3,989 |
) |
Other corporate assets
|
|
|
8,955 |
|
|
|
5,981 |
|
|
|
|
|
|
|
|
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|
Total assets
|
|
$ |
52,262 |
|
|
$ |
31,277 |
|
|
|
|
|
|
|
|
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|
Expenditures for segment assets:
|
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|
LED replacement lamps and fixtures
|
|
$ |
100 |
|
|
$ |
82 |
|
LED signage and lighting strips
|
|
|
11 |
|
|
|
21 |
|
|
|
|
|
|
|
|
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|
Total expenditures for segment assets
|
|
|
111 |
|
|
|
103 |
|
Corporate expenditures for assets
|
|
|
25 |
|
|
|
— |
|
|
|
|
|
|
|
|
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|
Total expenditures for assets
|
|
$ |
136 |
|
|
$ |
103 |
|
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Net Revenue by Geographical Location |
Net revenues by geographic location, based on location of
customers, were as follows:
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(in thousands)
|
|
December 31, |
|
|
2013 |
|
|
2012 |
|
|
2011 |
|
United States
|
|
$ |
25,243 |
|
|
$ |
3,901 |
|
|
$ |
8,022 |
|
Canada
|
|
|
574 |
|
|
|
383 |
|
|
|
600 |
|
Other
|
|
|
243 |
|
|
|
197 |
|
|
|
366 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Total
|
|
$ |
26,060 |
|
|
$ |
4,481 |
|
|
$ |
8,988 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Net Long-Lived Asses by Geographical Location |
Net long-lived assets by geographic locations were as follows:
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(in thousands)
|
|
December 31, |
|
|
2013 |
|
|
2012 |
|
|
2011 |
|
United States
|
|
$ |
18,489 |
|
|
$ |
12,364 |
|
|
$ |
2,826 |
|
Mexico
|
|
|
— |
|
|
|
— |
|
|
|
203 |
|
Canada
|
|
|
— |
|
|
|
— |
|
|
|
142 |
|
Other
|
|
|
137 |
|
|
|
8 |
|
|
|
116 |
|
|
|
|
|
|
|
|
|
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|
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|
Total
|
|
$ |
18,626 |
|
|
$ |
12,372 |
|
|
$ |
3,287 |
|
|
|
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|