| Segment Information |
11. Segment Information
Financial information for the Company’s segments and a reconciliation of the total of the reportable segments’ income (loss) from operations (measures of profit or loss) to the Company’s consolidated net loss are as follows:
| |
|
Three Months ended June 30, |
|
|
Six Months ended June 30, |
|
| (in thousands) |
|
2019 |
|
|
2018 |
|
|
2019 |
|
|
2018 |
|
| Contract revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Solar Division |
|
$ |
2,188 |
|
|
$ |
3,568 |
|
|
$ |
4,248 |
|
|
$ |
6,381 |
|
| POWERHOUSE™ |
|
|
106 |
|
|
|
- |
|
|
|
171 |
|
|
|
- |
|
| Other |
|
|
- |
|
|
|
- |
|
|
|
37 |
|
|
|
11 |
|
| Consolidated contract revenue |
|
|
2,294 |
|
|
|
3,568 |
|
|
|
4,456 |
|
|
|
6,392 |
|
| Operating loss: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Solar Division |
|
|
(532 |
) |
|
|
(571 |
) |
|
|
(2,150 |
) |
|
|
(1,996 |
) |
| POWERHOUSE™ |
|
|
(1,004 |
) |
|
|
(57 |
) |
|
|
(1,465 |
) |
|
|
(108 |
) |
| Other |
|
|
(1,816 |
) |
|
|
(3,581 |
) |
|
|
(4,239 |
) |
|
|
(6,496 |
) |
| Operating loss |
|
|
(3,352 |
) |
|
|
(4,209 |
) |
|
|
(7,854 |
) |
|
|
(8,600 |
) |
| Reconciliation of consolidated loss from operations to consolidated net loss: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Change in fair value of derivative liabilities and loss on debt extinguishment |
|
|
(1,502 |
) |
|
|
(3,073 |
) |
|
|
(1,445 |
) |
|
|
(3,046 |
) |
| Amortization of debt discount and deferred loan costs |
|
|
(234 |
) |
|
|
(1,435 |
) |
|
|
(287 |
) |
|
|
(1,435 |
) |
| Other income |
|
|
12 |
|
|
|
955 |
|
|
|
20 |
|
|
|
985 |
|
| Net loss |
|
$ |
(5,076 |
) |
|
$ |
(7,762 |
) |
|
$ |
(9,566 |
) |
|
$ |
(12,096 |
) |
The following is a reconciliation of reportable segments’ assets to the Company’s consolidated total assets. The Other segment includes certain unallocated corporate amounts.
| |
|
June 30, |
|
|
December 31, |
|
| (in thousands) |
|
2019 |
|
|
2018 |
|
| Total assets: |
|
|
|
|
|
|
|
|
| Solar Division |
|
$ |
6,224 |
|
|
$ |
7,136 |
|
| POWERHOUSE™ |
|
|
7,592 |
|
|
|
4,298 |
|
| Other |
|
|
1,669 |
|
|
|
4,826 |
|
| |
|
$ |
15,485 |
|
|
$ |
16,260 |
|
|