| Components of Segment Reporting |
Financial information relating to the reportable operating segments
for the years ended December 31, 2014, 2013 and 2012 is
presented below:
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| (in thousands) |
|
Year Ended
December 31, |
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| |
|
2014 |
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|
2013 |
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|
2012 |
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|
Revenues from external customers:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lighting fixtures and lamps
|
|
$ |
72,373 |
|
|
$ |
22,823 |
|
|
$ |
792 |
|
|
Lighting signage and media
|
|
|
4,467 |
|
|
|
3,237 |
|
|
|
3,689 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues from external customers
|
|
$ |
76,840 |
|
|
$ |
26,060 |
|
|
$ |
4,481 |
|
|
|
|
|
|
|
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|
|
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|
Segment loss:
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|
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|
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|
|
|
|
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|
Lighting fixtures and lamps
|
|
$ |
(4,213 |
) |
|
$ |
(3,495 |
) |
|
$ |
(5,820 |
) |
|
Lighting signage and media
|
|
|
(232 |
) |
|
|
(174 |
) |
|
|
(195 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment loss
|
|
|
(4,445 |
) |
|
|
(3,669 |
) |
|
|
(6,015 |
) |
|
Unallocated amounts:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate expenses
|
|
|
(6,442 |
) |
|
|
(6,853 |
) |
|
|
(3,401 |
) |
|
Change in fair value of embedded derivative
|
|
|
— |
|
|
|
(6,990 |
) |
|
|
— |
|
|
Gain on debt restructuring
|
|
|
— |
|
|
|
— |
|
|
|
1,048 |
|
|
Gain on bargain purchase of business
|
|
|
— |
|
|
|
743 |
|
|
|
— |
|
|
Deferred income tax benefit
|
|
|
6,550 |
|
|
|
— |
|
|
|
— |
|
|
Interest expense, net
|
|
|
(843 |
) |
|
|
(52 |
) |
|
|
(210 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Net loss
|
|
$ |
(5,180 |
) |
|
$ |
(16,821 |
) |
|
$ |
(8,578 |
) |
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|
|
|
|
|
|
|
|
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|
|
|
|
|
|
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|
Depreciation and amortization:
|
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|
|
|
|
|
|
|
|
|
|
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|
Lighting fixtures and lamps
|
|
$ |
5,307 |
|
|
$ |
1,799 |
|
|
$ |
156 |
|
|
Lighting signage and media
|
|
|
316 |
|
|
|
1,298 |
|
|
|
237 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Segment depreciation and amortization
|
|
|
5,623 |
|
|
|
3,097 |
|
|
|
393 |
|
|
Corporate depreciation and amortization
|
|
|
21 |
|
|
|
25 |
|
|
|
100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Total depreciation and amortization
|
|
$ |
5,644 |
|
|
$ |
3,122 |
|
|
$ |
493 |
|
|
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|
|
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|
|
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|
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| |
|
As of December
31, |
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| |
|
2014 |
|
|
2013 |
|
|
Segment assets:
|
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|
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|
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|
Lighting fixtures and lamps
|
|
$ |
122,921 |
|
|
$ |
52,989 |
|
|
Lighting signage and media
|
|
|
6,859 |
|
|
|
4,524 |
|
|
|
|
|
|
|
|
|
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|
Total segment assets
|
|
|
129,780 |
|
|
|
57,513 |
|
|
Elimination of intercompany receivable
|
|
|
(31,303 |
) |
|
|
(14,231 |
) |
|
Other corporate assets
|
|
|
28,065 |
|
|
|
8,955 |
|
|
|
|
|
|
|
|
|
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|
Total assets
|
|
$ |
126,542 |
|
|
$ |
52,237 |
|
|
|
|
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|
|
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|
|
|
|
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|
Expenditures for segment assets:
|
|
|
|
|
|
|
|
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|
Lighting fixtures and lamps
|
|
$ |
320 |
|
|
$ |
100 |
|
|
Lighting signage and media
|
|
|
39 |
|
|
|
11 |
|
|
|
|
|
|
|
|
|
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|
Total expenditures for segment assets
|
|
|
359 |
|
|
|
111 |
|
|
Corporate expenditures for assets
|
|
|
126 |
|
|
|
22 |
|
|
|
|
|
|
|
|
|
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|
Total expenditures for assets
|
|
$ |
485 |
|
|
$ |
133 |
|
|
|
|
|
|
|
|
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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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|
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|
(in thousands)
|
|
December 31, |
|
| |
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
United States
|
|
$ |
74,839 |
|
|
$ |
25,243 |
|
|
$ |
3,901 |
|
|
Canada
|
|
|
1,839 |
|
|
|
574 |
|
|
|
383 |
|
|
Other
|
|
|
162 |
|
|
|
243 |
|
|
|
197 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Total
|
|
$ |
76,840 |
|
|
$ |
26,060 |
|
|
$ |
4,481 |
|
|
|
|
|
|
|
|
|
|
|
|
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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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|
|
|
|
|
|
|
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|
(in thousands)
|
|
December 31, |
|
| |
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
United States
|
|
$ |
35,883 |
|
|
$ |
18,489 |
|
|
$ |
12,364 |
|
|
Other
|
|
|
112 |
|
|
|
137 |
|
|
|
8 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Total
|
|
$ |
35,995 |
|
|
$ |
18,626 |
|
|
$ |
12,372 |
|
|
|
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|