Quarterly report pursuant to sections 13 or 15(d)

Goodwill

Goodwill

3 Months Ended

Mar. 31, 2012

5.	Goodwill:

The changes in the carrying amount of goodwill for the year ended December 31, 2011 are as follows:


	LED Replacement Lamps		LED Signage and Lighting Strips			Total

Balance, January 1, 2011	$	1,988,920	$	407,369		$	2,396,289
Impairment expense		—		(407,369	)		(407,369	)

Balance, December 31, 2011	$	1,988,920	$	—		$	1,988,920

As a result of lowering the projected revenue growth and cashflows for the LED signage and lighting strips segment, the Company performed the impairment test prescribed by ASC 350 and recorded a goodwill impairment charge totaling $407,369 for the year ended December 31, 2011.

There were no changes in the carrying amount of goodwill for the three months ended March 31, 2012.