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Note 10 - Segments and Geographic Information
6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

NOTE 10.

SEGMENTS AND GEOGRAPHIC INFORMATION


We have two reportable segments: products and solutions. The products segment includes the marketing and sale of commercial, industrial, government, military and maritime lighting products, and research and development services. Our products are sold primarily in North America, Europe, and the Far East through a combination of direct sales employees, independent sales representatives and distributors. Our solutions segment provides turnkey, high-quality, energy-efficient lighting application alternatives, which are designed to enhance total value by positively impacting customers’ profitability, the environment, and the communities served. These solutions are sold through our EFLS subsidiary, and include not only our proprietary energy-efficient lighting solutions, but also sourced lighting systems, energy audits and service agreements.


The following summarizes our reportable segment data for periods indicated (in thousands):


   

Three months ended

   

Six months ended

 
   

June 30,

   

June 30,

 
   

2014

   

2013

   

2014

   

2013

 

Solutions:

                               

Net sales

  $ 1,133     $ 1,983     $ 3,321     $ 3,790  

Cost of sales

    948       1,775       2,513       3,298  

Gross profit

    185       208       808       492  

Operating expenses:

                               

Selling, general, and administrative

    352       476       783       948  

Loss on impairment

    -       325       -       325  

Total operating expenses

    352       801       783       1,273  

Segment (loss) income

  $ (167 )   $ (593 )   $ 25     $ (781 )
                                 

Products:

                               

Net sales

  $ 5,566     $ 3,670     $ 8,297     $ 6,321  

Cost of sales

    3,577       2,640       5,509       4,692  

Gross profit

    1,989       1,030       2,788       1,629  

Operating expenses:

                               

Research and development

    55       172       118       209  

Selling, general, and administrative

    1,223       1,025       2,018       1,609  

Total operating expenses

    1,278       1,197       2,136       1,818  

Segment income (loss)

  $ 711     $ (167 )   $ 652     $ (189 )
                                 

Reconciliation of segment income (loss) to net loss:

                               

Segment income (loss):

                               

Solutions

  $ (167 )   $ (593 )   $ 25     $ (781 )

Products

    711       (167 )     652       (189 )

Total segment income (loss)

    544       (760 )     677       (970 )

Operating expenses:

                               

Research and development

    148       -       276       -  

Selling, general, and administrative

    958       970       2,036       1,996  

Change in estimate of contingent liabilities

    -       12       -       12  

Total operating expenses

    1,106       982       2,312       2,008  

Other (expense) income

    (61 )     580       (3,039 )     360  

Loss from continuing operations before income taxes

    (623 )     (1,162 )     (4,674 )     (2,618 )

Benefit (provision) for income taxes

    1       -       2       -  

Net loss from continuing operations

  $ (622 )   $ (1,162 )   $ (4,672 )   $ (2,618 )

The following table provides additional business unit gross profitability detail for our products segment for the periods indicated (in thousands):


   

Three months ended

   

Six months ended

 
   

June 30,

   

June 30,

 
   

2014

   

2013

   

2014

   

2013

 

Products segment net sales:

                               

Commercial

  $ 1,929     $ 1,647     $ 3,095     $ 3,288  

Government

    3,620       1,603       5,162       1,856  

R&D services

    17       420       40       1,177  

Total products segment net sales

    5,566       3,670       8,297       6,321  
                                 

Products segment cost of sales:

                               

Commercial

    1,194       1,168       1,965       2,321  

Government

    2,387       1,060       3,525       1,301  

R&D services

    (4 )     412       19       1,070  

Total products segment cost of sales

    3,577       2,640       5,509       4,692  
                                 

Products segment gross profit:

                               

Commercial

    735       479       1,130       967  

Government

    1,233       543       1,637       555  

R&D services

    21       8       21       107  

Total products segment gross profit

  $ 1,989     $ 1,030     $ 2,788     $ 1,629  

A geographic summary of net sales is as follows (in thousands):


   

Three months ended

   

Six months ended

 
   

June 30,

   

June 30,

 
   

2014

   

2013

   

2014

   

2013

 
                                 

United States

  $ 5,590     $ 4,885     $ 9,873     $ 8,770  

International

    1,109       768       1,745       1,341  

Net sales

  $ 6,699     $ 5,653     $ 11,618     $ 10,111  

A geographic summary of long-lived assets, which consists of fixed assets and intangible assets, is as follows (in thousands):


   

June 30,

   

December 31,

 
   

2014

   

2013

 
                 

United States

  $ 527     $ 582  

International

    31       9  

Long-lived assets, net

  $ 558     $ 591