| Components of Segment Reporting |
Financial
information relating to the reportable operating segments for the
three months ended March 31, 2013 and 2012 is presented
below:
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Three Months Ended
March 31, |
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2013 |
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2012 |
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Revenues from external
customers:
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|
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LED replacement lamps and
fixtures
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|
$ |
5,461,269 |
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|
$ |
290,146 |
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|
LED signage and lighting
strips
|
|
|
850,132 |
|
|
|
858,101 |
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|
|
|
|
|
|
|
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Total revenues from
external customers
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|
$ |
6,311,401 |
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|
$ |
1,148,247 |
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Segment income
(loss):
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LED replacement lamps and
fixtures
|
|
$ |
60,496 |
|
|
$ |
(622,032 |
) |
|
LED signage and lighting
strips
|
|
|
(70,443 |
) |
|
|
(94,684 |
) |
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|
|
|
|
|
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Segment income
(loss)
|
|
|
(9,947 |
) |
|
|
(716,716 |
) |
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Unallocated
amounts:
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|
|
|
|
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Corporate
expenses
|
|
|
(2,139,084 |
) |
|
|
(1,007,642 |
) |
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Change in fair value of
embedded derivative
|
|
|
(3,169,083 |
) |
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|
— |
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Other income
(expense)
|
|
|
31 |
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|
(46,828 |
) |
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|
|
|
|
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Loss from continuing
operations
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$ |
(5,318,083 |
) |
|
$ |
(1,771,186 |
) |
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Depreciation and
amortization:
|
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|
|
|
|
|
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LED replacement lamps and
fixtures
|
|
$ |
924,446 |
|
|
$ |
54,874 |
|
|
LED signage and lighting
strips
|
|
|
58,555 |
|
|
|
62,463 |
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|
|
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Segment depreciation and
amortization
|
|
|
983,001 |
|
|
|
117,337 |
|
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Corporate depreciation and
amortization
|
|
|
5,428 |
|
|
|
79,366 |
|
|
|
|
|
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|
|
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Total depreciation and
amortization
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|
$ |
988,429 |
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$ |
196,703 |
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