Segment Information

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Information

10. Segment Information

During 2014, the Company discontinued its former large commercial segment and sold the assets of the catalog segment. As a result of this major strategic shift, the Company now operates as three reportable segments: (1) Residential – the installation of solar energy systems for homeowners, including lease financing thereof, and for small businesses (small commercial) in the continental U.S.; (2) Sunetric – the installation of solar energy systems for both homeowners and business owners (commercial) in Hawaii; and (3) Other – catalog, for 2014, and corporate operations.

Financial information for the Company’s segments and a reconciliation of the total of the reportable segments’ loss from operations (measures of profit or loss) to the Company’s consolidated net loss are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2015			2014			2015			2014
Net revenue:
Residential	$	6,894		$	14,358		$	24,861		$	43,573
Sunetric (a)		3,544			3,803			10,914			6,875
Other		—			739			—			1,854
Consolidated net revenue		10,438			18,900			35,775			52,302
Loss from operations:
Residential		(1,809	)		(3,393	)		(4,787	)		(7,345	)
Sunetric (a)		110			(1,396	)		(41	)		(1,545	)
Other		(2,786	)		(4,460	)		(7,700	)		(12,876	)
Consolidated loss from continuing operations		(4,485	)		(9,249	)		(12,528	)		(21,766	)
Reconciliation of consolidated loss from operations to consolidated net loss:
Other income		-			-			147			-
Interest expense		(54	)		(340	)		(423	)		(795	)
Change in valuation of warrants		660			6,789			6,924			8,204
Income tax (expense)/benefit		(2	)		287			22			1,496
Loss from discontinued operations, net of tax		(397	)		(2,242	)		(712	)		(28,071	)
Net loss	$	(4,278	)	$	(4,750	)	$	(6,570	)	$	(40,932	)

(a) Sunetric amounts for the nine months ended 2014 are for the period of May 14, 2014, the acquisition date, through September 30, 2014.

The following is a reconciliation of reportable segments’ assets to the Company’s consolidated total assets. The Other segment includes certain unallocated corporate amounts.

(in thousands)	September 30, 2015		December 31, 2014
Total assets – continuing operations:
Residential	$	13,351	$	16,322
Sunetric		4,566		7,430
Other		626		984
	$	18,543	$	24,736
Total assets – discontinued operations:
Commercial		4,160		9,509
	$	22,703	$	34,245