Segments

3 Months Ended

Jun. 30, 2011

Segments

Segments

(16) Segments

Last fiscal year we had two reportable segments: technology and power products.  These reportable segments were strategic business units that offered different products and services. They were managed separately because each business required different business strategies. The technology segment encompassed our technology-based operations including core research to advance our technology, application and production engineering and product development and job shop production of prototype components.  The power products segment encompassed the manufacture and sale of motors and electronic controllers.  Salaries of the executive officers and corporate general and administrative expense were allocated to each segment annually based on factors established at the beginning of the fiscal year.  The percentages allocated to the technology segment and power products segment were 69 percent and 31 percent for the quarter ended June 30, 2010.

Intersegment sales or transfers, which were eliminated upon consolidation, were $116,576 for the quarter ended June 30, 2010.

Effective April 1, 2011 the Company merged its wholly-owned subsidiary UQM Power Products, Inc. into UQM Technologies, Inc.  As a result of this merger the operations of each of these entities are no longer managed or reported upon to management separately, and accordingly, the Company is no longer presenting segment information in its financial statements. 

The Company leases office, production and laboratory space in a building owned by a wholly-owned subsidiary of the Company.  During the quarter ended June 30, 2010 this wholly-owned subsidiary's operations were included as part of the former Power Products segment.  Intercompany lease payments are based on a negotiated rate for the square footage occupied and were $45,900 for the quarter ended June 30, 2010, and were eliminated upon consolidation. 

The following table summarizes significant financial statement information, after deducting intersegment eliminations of each of the reportable segments as of and for the quarter ended June 30, 2010:

			Power
	Technology		Products	Total
Revenue	$	1,871,030	684,294	2,555,324
Interest income	$	28,183	525	28,708
Depreciation and amortization	$	(105,294)	(55,474)	(160,768)
Segment loss	$	(356,520)	(130,350)	(486,870)
Total assets	$	32,441,822	8,932,132	41,373,954
Expenditures for long-lived segment assets	$	(139,994)	(2,280,993)	(2,420,987)