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Note 11 - Business Segment Information
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
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 Other group consists of the remaining portions of the previous Life Sciences and Performance Materials groups.  


During the nine months ended September 30, 2013, the Company and its affiliates received a total of $4,924,000 in cash payments for its various Power and Energy Group projects. Of this received amount, $2,766,000 was associated with contractual milestone payments for our larger utility-scale energy storage system projects, two of which have 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 and nine months ended September 30, 2013 and September 30, 2012 is as follows: 


In thousands of dollars:

                               
                                 

Three Months

 

Net Revenue

   

Loss (Income)

From Operations

   

Depreciation

and

Amortization

   

Assets

 

September 30, 2013

                               

Power & Energy Group

  $ 1,072     $ 3,796       425     $ 66,330  

All Other

    60       (41 )     19       277  

Consolidated Total

  $ 1,132     $ 3,755     $ 444     $ 66,607  
                                 
                                 

September 30, 2012

                               

Power & Energy Group

  $ 296     $ 4,483     $ 233     $ 54,087  

All Other

    64       (44 )     19       353  

Consolidated Total

  $ 360     $ 4,439     $ 252     $ 54,440  

Nine Months

 

Net Revenue

   

Loss (Income)

From Operations

   

Depreciation

and

Amortization

   

Assets

 

September 30, 2013

                               

Power & Energy Group

  $ 5,958     $ 10,515       1,006     $ 66,330  

All Other

    180       (123 )     57       277  

Consolidated Total

  $ 6,138     $ 10,392     $ 1,063     $ 66,607  
                                 
                                 

September 30, 2012

                               

Power & Energy Group

  $ 886     $ 14,507     $ 714     $ 54,087  

All Other

    185       (125 )     57       353  

Consolidated Total

  $ 1,071     $ 14,382     $ 771     $ 54,440  

In the table above, the Loss (Income) 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.


For the nine months ended September 30, 2013, we had revenue to three major customers, which accounted for 10% or more of revenues. The Company did not have material related party revenue during the nine months ended September 30, 2013. Total revenue to the customer for the nine months ended September 30, 2013 and the balance of the accounts receivable at September 30, 2013 were as follows:


In thousands of dollars


Customer

 

Revenue

Nine Months Ended

September 30, 2013

   

Accounts Receivable

Balance at

September 30, 2013

 

Power and Energy Group:

               

Hawaiian Electric Light Company

  $ 2,082          

Proterra, LLC

    1,529     $ 676  

Vestas

    1,291       62  

For the nine months ended September 30, 2012, we had revenue to four major customers, each of which accounted for 10% or more of revenues. Total revenue from these customers for the nine months ended September 30, 2012 and the balance of their accounts receivable at September 30, 2012 were as follows:


In thousands of dollars


Customer

 

Revenue

Nine Months Ended

September 30, 2012

   

Accounts Receivable

Balance at

September 30, 2012

 

Power and Energy Group:

               

Emrol

  $ 139          

Hybricon

    131          

Proterra

    121     $ 121  
ABB Secheron     111       2  

Revenues for the nine-month period ended September 30, 2013, and 2012 by geographic area were as follows:


In thousands of dollars  


   

Revenue

Nine Months Ended

   

Sales

Nine Months Ended

 

Geographic information (a)

 

2013

   

2012

 

United States

  $ 4,542     $ 251  

Denmark

    1,291          

Belgium

    137       139  

Germany

            145  

Sweden

    43       131  

Switzerland

            111  

Other foreign countries

    125       294  

Total

  $ 6,138     $ 1,071  

(a) Revenues are attributed to countries based on location of customer.                

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

September 30, 2013

   

Balance at

December 31, 2012

 

United States

  $ 4,841     $ 6,207  

China

    29,436       13,625  

Total

  $ 34,277     $ 19,832