Note 11 - Business Segment Information

3 Months Ended

Mar. 31, 2013

Segment Reporting Disclosure [Text Block]

Note 11.  Business Segment Information

Management views the Company as operating in two major business segments: Power and Energy Group, and All Other operations.

The Power and Energy Group develops, produces, and sells battery systems.  The All Others group consists of the remaining portions of the previous Life Sciences and Performance Materials groups.  

During the three months ended March 31, 2013, the Company and its affiliates received a total of $2,664,000 in payments for its various Power and Energy Group projects. The bulk of these cash payments were associated with contractual milestone payments for our larger utility-scale energy storage system projects. However, the total amount of these cash payments has not been recognized in our reportable segment data for the year, as the related contracts are recognized under the completed contract method.

Reportable segment data reconciled to the consolidated financial statements as of the three months ended March 31, 2013 and March 31, 2012 is as follows:

In thousands of dollars:

Year Ended	Net Sales		Loss (Income) From Operations			Depreciation and Amortization		Assets
March 31, 2013
Power & Energy Group	$	1,794	$	3,567		$	275	$	62,037
All Other		60		(38	)		19		315
Consolidated Total	$	1,854	$	3,529		$	294	$	62,352
March 31, 2012
Power & Energy Group	$	197	$	4,975		$	251	$	58,560
All Other		60		(41	)		18		391
Consolidated Total	$	257	$	4,934		$	269	$	58,951

In the table above, the Loss from Operations column includes such expenses as business consulting, general legal expense, accounting and audit, general insurance expense, stock-based compensation expense, shareholder information expense, investor relations, and general office expense. As noted in the prior section, $2,664,000 in contractual milestone and other payments was associated with our utility-scale energy storage system projects and only one in the amount of $1,291,000 was deemed as recognizable revenue for the quarter, and thus is not included in the table.

              For the three months ended March 31, 2013, we had sales to one major customer, which accounted for 10% or more of revenues. The company had no sales to related parties during the three months ended March 31, 2013. Total sales to the customer for the three months ended March 31, 2013 and the balance of the accounts receivable at March 31, 2013 were as follows:

 In thousands of dollars

Customer	Sales Three Months Ended March 31, 2013		Accounts Receivable Balance at March 31, 2013
Power and Energy Group:
Vestas	$	1,291	$	179
Stand by Energy			$	94
Alsher Titania LLC			$	60

For the three months ended March 31, 2012, we had sales to three major customers, each of which accounted for 10% or more of revenues. Total sales to these customers for the three months ended March 31, 2012 and the balance of their accounts receivable at March 31, 2012 were as follows:

                                 In thousands of dollars

Customer	Sales Three Months Ended March 31, 2012		Accounts Receivable Balance at March 31, 2012
Power and Energy Group:
Hybricon	$	131
Younicos AG	$	63
Alsher Titania, LLC	$	60	$	60

Revenues for the three-month period ended March 31, 2013, and 2012 by geographic area were as follows:

In thousands of dollars

Geographic information	Sales Three Months Ended 2013		Sales Three Months Ended 2012
Denmark	$	1,291
United States		275		60
Belgium		132
Germany				63
Sweden		43		131
Other foreign countries		113		3
Total	$	1,854	$	257

Geographic information for long-lived assets was as follows (based on physical location of the assets):

In thousands of dollars

Long-lived assets:	Balance at March 31, 2013		Balance at December 31, 2012
United States	$	7,415	$	6,207
China		13,840		13,625
Total	$	21,255	$	19,832