Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Apr. 15, 2014 | Jun. 30, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'Solar Power, Inc. | ' | ' |
Document Type | '10-K | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 198,214,456 | ' |
Entity Public Float | ' | ' | $5,946,434 |
Amendment Flag | 'false | ' | ' |
Entity Central Index Key | '0001210618 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $1,031 | $17,823 |
Accounts receivable, net of allowance for doubtful accounts of $5,887 and $393, respectively | 6,260 | 43,807 |
Accounts receivable, related party | 3,905 | 11,858 |
Notes receivable | 8,450 | 14,120 |
Costs and estimated earnings in excess of billings on uncompleted contracts | ' | 31,423 |
Construction in progress | ' | 16,078 |
Inventories, net | 23 | 1,618 |
Prepaid expenses and other current assets | 4,458 | 4,267 |
Restricted cash | ' | 20 |
Total current assets | 24,127 | 141,014 |
Intangible assets | 1,132 | 1,703 |
Restricted cash, net of current portion | 400 | 400 |
Accounts receivable, noncurrent | 12,349 | ' |
Notes receivable, noncurrent | 13,668 | ' |
Property, plant and equipment at cost, net | 11,752 | 18,754 |
Investment in affiliate | 7,536 | ' |
Other assets | ' | 958 |
Total assets | 70,964 | 162,829 |
Current liabilities: | ' | ' |
Accounts payable | 3,919 | 15,709 |
Accounts payable, related party | 50,907 | 51,804 |
Lines of credit | 4,250 | 10,877 |
Accrued liabilities | 741 | 6,536 |
Billings in excess of costs and estimated earnings on uncompleted contracts | 862 | 4,935 |
Billings in excess of costs and estimated earnings on uncompleted contracts, related party | ' | 49 |
Loans payable and capital lease obligations | ' | 28,601 |
Total current liabilities | 60,679 | 118,511 |
Financing and capital lease obligations, net of current portion | 11,730 | 18,760 |
Other liabilities | 1,422 | 1,436 |
Total liabilities | 73,831 | 138,707 |
Stockholders’ (deficit) equity: | ' | ' |
Common stock, par $0.0001, 250,000,000 shares authorized; 198,214,456 shares issued and outstanding | 20 | 20 |
Additional paid in capital | 53,376 | 48,219 |
Accumulated other comprehensive loss | -189 | -287 |
Accumulated deficit | -56,074 | -23,830 |
Total stockholders’ (deficit) equity | -2,867 | 24,122 |
Total liabilities and stockholders’ (deficit) equity | $70,964 | $162,829 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Allowance for doubtful accounts (in Dollars) | $5,887 | $393 |
Preferred stock par value (in Dollars per share) | $0.00 | $0.00 |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock par value (in Dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 250,000,000 | 250,000,000 |
Common stock, shares issued | 198,214,456 | 198,214,456 |
Common stock, shares outstanding | 198,214,456 | 198,214,456 |
Consolidated_Statement_of_Oper
Consolidated Statement of Operations (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Net sales: | ' | ' |
Net sales | $42,629,000 | $64,417,000 |
Net sales, related party | 0 | 35,539,000 |
Total net sales | 42,629,000 | 99,956,000 |
Cost of goods sold: | ' | ' |
Cost of goods sold | 42,582,000 | 56,016,000 |
Cost of goods sold, related party | 0 | 32,617,000 |
Provision for losses on contracts | 2,816,000 | 2,729,000 |
Total cost of goods sold | 45,398,000 | 91,362,000 |
Gross (loss) profit | -2,769,000 | 8,594,000 |
Operating expenses: | ' | ' |
General and administrative | 17,534,000 | 13,061,000 |
Sales, marketing and customer service | 2,050,000 | 10,647,000 |
Impairment charges | 7,500,000 | 6,038,000 |
Engineering, design and product management | 1,761,000 | 2,636,000 |
Total operating expenses | 28,845,000 | 32,382,000 |
Operating loss | -31,614,000 | -23,788,000 |
Other (expense) income: | ' | ' |
Interest expense | -4,321,000 | -4,065,000 |
Interest income | 1,655,000 | 2,527,000 |
Gain from deconsolidation | 3,537,000 | ' |
Other expense | -688,000 | -182,000 |
Total other income (expense), net | 183,000 | -1,720,000 |
Loss before income taxes | -31,431,000 | -25,508,000 |
Provision for (benefit from) income taxes | 813,000 | -80,000 |
Net loss | ($32,244,000) | ($25,428,000) |
Net loss per common share: | ' | ' |
Basic and Diluted (in Dollars per share) | ($0.16) | ($0.13) |
Weighted average number of common shares used in computing per share amounts: | ' | ' |
Basic and Diluted (in Shares) | 198,214,456 | 190,461,696 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive (Loss) Income (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Net loss | ($32,244) | ($25,428) |
Foreign currency translation loss arising during the period | -74 | -110 |
Less: reclassification of foreign currency translation loss to net loss | 172 | ' |
Net change in accumulated other comprehensive loss | 98 | -110 |
Comprehensive loss | ($32,146) | ($25,538) |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total |
In Thousands, except Share data | |||||
Balance at Dec. 31, 2011 | $18 | $47,929 | $1,598 | ($177) | $49,368 |
Balance (in Shares) at Dec. 31, 2011 | 184,414 | ' | ' | ' | ' |
Net loss | ' | ' | -25,428 | ' | -25,428 |
Foreign currency translation adjustments | ' | ' | ' | -110 | -110 |
Issuance of restricted stock | ' | 106 | ' | ' | 106 |
Issuance of restricted stock (in Shares) | 400 | ' | ' | ' | ' |
Issuance of common stock to acquire Solar Green Technology (See Note 5) | 2 | -253 | ' | ' | -251 |
Issuance of common stock to acquire Solar Green Technology (See Note 5) (in Shares) | 13,401 | ' | ' | ' | ' |
Issuance of warrants for financing | ' | 88 | ' | ' | 88 |
Stock-based compensation expense | ' | 349 | ' | ' | 349 |
Balance at Dec. 31, 2012 | 20 | 48,219 | -23,830 | -287 | 24,122 |
Balance (in Shares) at Dec. 31, 2012 | 198,215 | ' | ' | ' | ' |
Net loss | ' | ' | -32,244 | ' | -32,244 |
Foreign currency translation adjustments | ' | ' | ' | 98 | 98 |
Solar Green Technology debt forgiveness | ' | 4,582 | ' | ' | 4,582 |
Stock-based compensation expense | ' | 575 | ' | ' | 575 |
Balance at Dec. 31, 2013 | $20 | $53,376 | ($56,074) | ($189) | ($2,867) |
Balance (in Shares) at Dec. 31, 2013 | 198,215 | ' | ' | ' | 198,214,456 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Cash flows from operating activities: | ' | ' |
Net loss | ($32,244) | ($25,428) |
Depreciation | 1,283 | 1,062 |
Amortization | 571 | 714 |
Stock-based compensation expense | 575 | 349 |
Gain on deconsolidation | -3,537 | ' |
Bad debt expense | 9,303 | 375 |
Provision for obsolete inventory | ' | 291 |
Provision for warranty | ' | 221 |
Gain on sales of fixed assets | -382 | -12 |
Amortization of loan fees | 307 | 174 |
Change in deferred taxes | -150 | 387 |
Impairment of project assets | 2,816 | 2,729 |
Impairment charges | 7,500 | 6,038 |
Operating income from solar system subject to financing obligation | -1,183 | -1,000 |
Changes in operating assets and liabilities, net of effects of subsidiary deconsolidation: | ' | ' |
Accounts receivable | 11,491 | 27,077 |
Accounts receivable, related party | 3,823 | 12,877 |
Notes receivable | -27,931 | ' |
Costs and estimated earnings in excess of billing on uncompleted contracts | 28,692 | -21,195 |
Costs and estimated earnings in excess of billing on uncompleted contracts, related party | ' | 360 |
Construction in process | 15,993 | -18,807 |
Inventories | 1,025 | 6,067 |
Prepaid expenses and other assets | -899 | -3,127 |
Accounts payable | -5,452 | 3,534 |
Accounts payable, related party | 7,815 | -10,649 |
Billings in excess of costs and estimated earnings on uncompleted contracts | -4,066 | 3,980 |
Billings in excess of costs and estimated earnings on uncompleted contracts, related party | -49 | -2,943 |
Accrued liabilities and other liabilities | -4,089 | 2,529 |
Net cash from operating activities | 11,212 | -14,397 |
Cash flows from investing activities: | ' | ' |
Proceeds from repayment of notes receivable | 7,007 | 2,286 |
Issuance of notes receivable | -1,335 | -10,544 |
Proceeds from disposal or sale of fixed assets | ' | 424 |
Proceeds from sale of asset held for sale | ' | 1,500 |
Acquisitions of property, plant and equipment | -3 | -1,011 |
Net cash from investing activities | 5,669 | -7,345 |
Cash flows from financing activities: | ' | ' |
Proceeds from line of credit and loans payable | 2,666 | 26,474 |
Proceeds from sale leaseback | ' | 6,533 |
Decrease in restricted cash | 20 | 538 |
Cash distributions in connection with the transfer of entities under common control | ' | -251 |
Principal payments on loans payable and capital lease obligations | -36,285 | -18,854 |
Net cash from financing activities | -33,599 | 14,440 |
Effect of exchange rate changes on cash | -74 | 602 |
Decrease in cash and cash equivalents | -16,792 | -6,700 |
Cash and cash equivalents at beginning of year | 17,823 | 24,523 |
Cash and cash equivalents at end of year | 1,031 | 17,823 |
Supplemental cash flow information: | ' | ' |
Cash paid for interest | 4,280 | 2,000 |
Cash paid for income taxes | ' | 516 |
Debt forgiveness from related party | 4,582 | ' |
Acquisition of an entity under common control financed with stock | ' | 6,031 |
Assignment of loan associated with asset held for sale | ' | 4,153 |
Conversion of notes receivable to investment in affiliate, net of impairment charge | $7,536 | ' |
Note_1_Description_of_Business
Note 1 - Description of Business and Basis of Presentation | 12 Months Ended |
Dec. 31, 2013 | |
Disclosure Text Block [Abstract] | ' |
Business Description and Basis of Presentation [Text Block] | ' |
1. Description of Business and Basis of Presentation | |
Description of Business | |
Solar Power, Inc. and its subsidiaries (collectively the “Company”) consist of the combination of the legacy reporting entity Solar Power, Inc. and Solar Green Technology S.p.A. (“SGT”) and their respective subsidiaries. Refer to Note 5 and 6 for further details of the accounting impact of the SGT acquisition and deconsolidation. | |
The Company is a global solar energy facility (“SEF”) developer offering our own brand of high-quality, low-cost distributed generation and utility-scale SEF development services. Primarily, the Company partners with developers around the world who hold large portfolios of SEF projects for whom it serves as co-developer and engineering, procurement and construction (“EPC”) contractor. The Company builds three basic types of SEFs: rooftop systems, ground mounted systems, and parking shade structure systems. The Company’s proprietary SkyMount® commercial rooftop racking system and its custom parking shade structures are procured through contract manufacturers and built to the Company’s design specifications are still being used for current projects under development. | |
In addition to designing, engineering and constructing large-scale SEFs, the Company also provides long-term operations and maintenance (“O&M”) services through our proprietary O&M program SPIGuardianTM. This service program provides a comprehensive suite of services that engage upon a facility’s commissioning to provide performance monitoring, system reporting, preventative maintenance and full warranty support over the anticipated life of the SEF. While the Company still considers its O&M services to be within its core competencies, it has obtained third party outsourcing for these services to assist in the reduction of operating expenses. | |
On January 5, 2011, the Company entered into a stock purchase agreement with LDK Solar Co., Ltd. (“LDK”), a vertically integrated solar wafer, cell and solar module manufacturer. On March 31, 2011, LDK obtained a controlling interest in Solar Power, Inc. by making a significant investment in our business that provided working capital and broader relationships that allowed us to more aggressively pursue commercial and utility projects globally. LDK’s modules are used in the majority of the systems the Company produces; however, it maintains relationships with other module manufacturers when circumstances call for an alternative to LDK’s line of modules. | |
Basis of Presentation | |
The Consolidated Financial Statements of the Company are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and require management to make certain judgments, estimates and assumptions. These may affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. They also may affect the reported amounts of revenues and expenses during the reporting period. Key estimates used in the preparation of our financial statements include: contract percentage-of-completion and cost estimates, construction in progress, allowance for doubtful accounts, stock-based compensation, warranty reserve, deferred taxes, valuation of inventory, and valuation of other intangible assets. Actual results could differ from those estimates upon subsequent resolution of identified matters. | |
The accompanying Consolidated Financial Statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The realization of assets and the satisfaction of liabilities in the normal course of business are dependent on, among other things, the Company’s ability to operate profitably, to generate cash flows from operations, and to pursue financing arrangements to support its working capital requirements. |
Note_2_Going_Concern_Considera
Note 2 - Going Concern Considerations and Management's Plan | 12 Months Ended | ||
Dec. 31, 2013 | |||
Policy Text Block [Abstract] | ' | ||
Liquidity Disclosure [Policy Text Block] | ' | ||
NOTE 2 – GOING CONCERN CONSIDERATIONS AND MANAGEMENT’S PLAN | |||
As shown in the accompanying consolidated financial statements, the Company incurred a net loss of $32.2 million during the year ended December 31, 2013 and has an accumulated deficit of $56.1 million as of December 31, 2013. Working capital levels have decreased significantly from $22.4 million at December 31, 2012 to negative $36.6 million at December 31, 2013. In February 2014, the Company’s parent company, LDK, who owns approximately 71% of the Company’s outstanding Common Stock announced that LDK filed an application for provisional liquidation in the Cayman Islands in connection with its plans to resolve its offshore liquidity issues. It is unknown at this time if LDK’s joint provisional liquidation will require or result in the Company disposing of assets in an orderly manner, in a liquidation scenario or at all. If the Company is required to dispose of assets to satisfy LDK’s creditors, it could result in the Company incurring losses. | |||
We are experiencing the following risks and uncertainties in the business: | |||
● | As of December 31, 2013 and 2012, the Company has accounts payable due to LDK of $50.9 million and $51.8 million, respectively. All of the accounts payable due to LDK are currently past due and payable to LDK. Although there are no formal agreements, LDK has verbally indicated that it will not demand payment until the receivable from the customer has been collected. In light of LDK's recent filing for liquidation, it is unclear whether or not LDK will be able to continue to allow the Company to defer repayment to LDK. Should LDK change its position and demand payment for the past due amount prior to collection of the related receivable from the customer, the Company does not have the ability to make the payment currently due without additional sources of financing or accelerating the collection of outstanding receivables. With LDK as a majority shareholder, the significant risks and uncertainties associated with their filing for liquidation by LDK could have a significant negative impact on the financial viability of Solar Power, Inc. as well as indicate an inability for LDK to support the Company's business. | ||
● | On March 25, 2014, Solar Power, Inc. (the “Company”) received notice from Cathay Bank stating that the Company is in default under the Business Loan Agreement dated December 26, 2011 and as amended on January 2, 2013 (the “Loan Agreement”) due to (i) the Company failing to make payments as due pursuant to the Loan Agreement and pursuant to the forbearance agreements entered into between the parties, and (ii) the guarantor, LDK, filing an application for provisional liquidation in the Cayman Islands on February 24, 2014. Based on these events of default, Cathay Bank has accelerated the entire principal balance due under the Loan Agreement. The Company owes approximately $4.25 million under the Loan Agreement, plus accrued interest and fees. The balance under the Loan Agreement will continue to incur interest at 11% per year. If the Company cannot remedy the default, the Company does not have the ability to make the payments without additional sources of financing or accelerating the collection of outstanding receivables. Since the loan balance is secured by the Company’s assets, Cathay Bank may foreclose on the collateral securing the loan which could significantly impact our business and our financial results. | ||
● | China Development Bank (“CDB”) has provided financing for construction and project financing on certain development projects in the past. They have also executed non-binding term sheets for other projects, but there is no assurance that the projects in process will be funded. CDB has been financing the Company’s projects primarily as a result of the fact that the Company’s majority shareholder is LDK and CDB has a long term relationship with LDK. Due to LDK’s financial difficulties, certain financing of the Company’s projects have been delayed. If CDB will no longer provide financing for the projects, the Company will need to seek construction financing from other sources which could be very difficult given the Company’s financial condition and LDK’s majority ownership of the Company. The company has completed projects in Greece with a customer that is requesting debt term financing from CDB. Because CDB has not yet provided the term financing, the Company will collect its outstanding receivables from the operation’s cash proceeds over an extended period of time of up to six years and has reflected the receivables as noncurrent on the balance sheet. However, the customer continues to have discussions with CDB about financing, and if financing is obtained, collection of our receivables may be accelerated. The company has also completed an additional commercial scale project in New Jersey with KDC Solar, which is currently seeking debt term financing from CDB. Because CDB has not yet provided the term financing, the Company will collect its outstanding notes receivables from the operation’s cash proceeds over an extended period of time of up to fifteen years and has reflected the receivables as noncurrent on the balance sheet. However, the customer continues to have discussions with CDB about financing, and if financing is obtained, collection of our receivables may be accelerated. | ||
● | A key term of existing project financing with CDB is that the Company must use solar panels manufactured by LDK. Currently, however, LDK has demanded payment in advance in order to procure their solar panels. If the Company is unable to make advance payments required, the Company has and will continue to need to request its customers to make the required cash payments for the LDK solar panels to be utilized in projects under development. The Company continues to maintain relationships with other solar panel manufacturers when circumstances call for an alternative to LDK’s line of solar panels. | ||
The significant risks and uncertainties described above have a significant negative impact on the financial viability of the Company and raise substantial doubt about the Company’s ability to continue as a going concern. Management has made changes to the Company’s business model by managing cash flow through cost cutting measures, securing project financing before commencing further project development, and requesting that the Company’s customers make cash payments for solar panels for projects under development. If LDK or Cathay demands payment of amounts owed by the Company prior to collection of the related receivables, management plans to obtain additional debt or equity financing. There is no assurance that management’s plans to accelerate the collection of outstanding receivables or to obtain additional debt or equity financing will be successfully implemented, or implemented on terms favorable to the Company. As of December 31, 2013, the Company had $1.0 million in cash and cash equivalents. The Consolidated Financial Statements do not include any adjustments related to the recoverability and classification of recorded assets or the amounts and classification of liabilities or any other adjustments that might result from the outcome of this uncertainty. |
Note_3_Summary_of_Significant_
Note 3 - Summary of Significant Accounting Policies | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Accounting Policies [Abstract] | ' | ||||||||
Significant Accounting Policies [Text Block] | ' | ||||||||
3. Summary of Significant Accounting Policies | |||||||||
Principles of Consolidation – The Consolidated Financial Statements include the accounts of the Company and companies in which the Company has a controlling interest. Intercompany transactions have been eliminated. The equity method of accounting is used for investments in affiliates and other joint ventures over which the Company has significant influence but does not have effective control. Investments in affiliates in which the Company cannot exercise significant influence are accounted for on the cost method. | |||||||||
Management also evaluates whether an interest is a variable interest entity and whether the Company is the primary beneficiary. Consolidation is required if both of these criteria are met. The Company does not have any variable interest entities requiring consolidation. | |||||||||
If the entity is not considered a variable interest entity, it is treated as a voting interest entity, and the Company applies the guidance of ASC 810-20 – “Control of Partnerships and Similar Entities”, in determining whether the entity should be consolidated. The Company does not hold interests in any partnerships or similar entities requiring consolidation. | |||||||||
Equity Method – Investee companies that are not consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting. Whether or not the Company exercises significant influence with respect to an Investee depends on an evaluation of several factors, including, among others, representation on the Investee company’s board of directors and ownership level. Under the equity method of accounting, an Investee company’s accounts are not reflected within the Company’s Consolidated Balance Sheets and Statements of Operations; however, the Company’s share of the earnings or losses of the Investee company is reflected in the caption ““Equity loss—share of Investee company losses’’ in the Consolidated Statements of Operations since the activities of the investee are closely aligned with the operations of our business segment. The Company’s carrying value in an equity method Investee company is reflected in the caption ““Investment in affiliates’’ in the Company’s Consolidated Balance Sheets. We evaluate our equity method investments whenever events or changes in circumstance indicate that the carrying amounts of such investments may be impaired. If a decline in the value of an equity method investment is determined to be other than temporary, a loss is recorded in earnings in the current period. There were no earnings or losses recorded from our equity method investment. | |||||||||
Cash and cash equivalents — Cash and cash equivalents include cash on hand, cash accounts, interest bearing savings accounts and all highly liquid investments with original maturities of three months or less, when purchased. | |||||||||
Inventories — Inventories are carried at the lower of cost or market, determined by the first in first out cost method. Work-in-progress and finished goods inventories consist of raw materials, direct labor and overhead associated with the manufacturing process. Provisions are made for obsolete or slow-moving inventories based on management estimates. Inventories are impaired based on the difference between the cost of inventories and the net realizable value based upon estimates about future demand from customers and specific customer requirements on certain projects. Inventory impairment charges establish a new cost basis for inventory and charges are not subsequently reversed to income even if circumstances later suggest that increased carrying amounts are recoverable. Inventory consisted of finished goods at December 31, 2013 and 2012. | |||||||||
Property, plant and equipment — Property, plant and equipment are recorded at cost, including the cost of improvements. Maintenance and repairs are charged to expense as incurred. Depreciation is recorded on the straight-line method based on the estimated useful lives of the assets as follows: | |||||||||
Machinery (years) | 5 | ||||||||
Furniture, fixtures and equipment (years) | 5 | ||||||||
Computers and software (years) | 3 | — | 5 | ||||||
Equipment acquired under capital leases (years) | 3 | — | 5 | ||||||
Trucks (years) | 3 | ||||||||
Leasehold improvements | The shorter of the estimated life or the lease term | ||||||||
Solar energy facilities (years) | 20 | ||||||||
Impairment of long-lived assets — Long-lived assets, such as property, plant and equipment and intangible assets other than goodwill, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized by the amount by which the carrying value of the asset exceeds the fair value of the asset. Assets to be disposed of are separately presented in the balance sheet and reported at the lower of the carrying value or fair value less costs to sell, and are no longer depreciated. | |||||||||
Intangible assets other than goodwill — Intangible assets consist of patents and customer relationships. Amortization is recorded on the straight-line method based on the estimated useful lives of the assets. | |||||||||
Revenue recognition | |||||||||
Product sales — Revenue on product sales is recognized when there is evidence of an arrangement, title and risk of ownership have passed (generally upon delivery), the price to the buyer is fixed or determinable and collectability is reasonably assured. The Company makes determination of our customer’s credit worthiness at the time it accepts their initial order. For cable, wire and mechanical assembly sales, there are no formal customer acceptance requirements or further obligations related to our assembly services once the Company ships its products. Customers do not have a general right of return on products shipped therefore the Company makes no provisions for returns. | |||||||||
Construction contracts — Revenue on photovoltaic system construction contracts is generally recognized using the percentage-of-completion method of accounting, unless we cannot make reasonably dependable estimates of the costs to complete the contract or the contact value is not fixed, in which case we would use the completed contract method. At the end of each period, the Company measures the cost incurred on each project and compares the result against its estimated total costs at completion. The percent of cost incurred determines the amount of revenue to be recognized. Payment terms are generally defined by the contract and as a result may not match the timing of the costs incurred by the Company and the related recognition of revenue. Such differences are recorded as costs and estimated earnings in excess of billings on uncompleted contracts (an asset account) or billings in excess of costs and estimated earnings on uncompleted contracts (a liability account). For the years ended December 31, 2013 and 2012, nil and $10.8 million of progress payments have been netted against contracts costs disclosed in the account costs and estimated earnings in excess of billings on uncompleted contracts. The Company determines its customer’s credit worthiness at the time the order is accepted. Sudden and unexpected changes in customer’s financial condition could put recoverability at risk. | |||||||||
The percentage-of-completion method requires the use of various estimates, including, among others, the extent of progress towards completion, contract revenues and contract completion costs. Contract revenues and contract costs to be recognized are dependent on the accuracy of estimates, including direct material and labor costs and those indirect costs related to contract performance, such as indirect labor, supplies, tools, repairs, and depreciation costs. The Company has a history of making reasonable estimates of the extent of progress towards completion, contract revenues and contract completion costs. However, due to uncertainties inherent in the estimation process, it is possible that actual contract revenues and completion costs may vary from estimates. Under the completed-contract method, contract costs are recorded to a construction in progress account and cash received are recorded to a liability account during the periods of construction. All revenues, costs, and profits are recognized in operations upon completion of the contract. A contract is considered complete and revenue recognized when all costs except insignificant items have been incurred and final acceptance has been received from the customer and receivables are deemed to be collectible. Provisions for estimated losses on uncompleted contracts, if any, are recognized in the period in which the loss first becomes probable and reasonably estimable. | |||||||||
For those projects where the Company is considered to be the owner, the project is accounted for under the rules of real estate accounting. In the event of a sale, the method of revenue recognition is determined by considering the extent of the buyer’s initial and continuing investment and the nature and the extent of the Company’s continuing involvement. Generally, revenue is recognized at the time of title transfer if the buyer’s investment is sufficient to demonstrate a commitment to pay for the property and the Company does not have a substantial continuing involvement with the property. When continuing involvement is substantial and not temporary, the Company applies the financing method, whereby the asset remains on the balance sheet and the proceeds received are recorded as a financing obligation. When a sale is not recognized due to continuing involvement and the financing method is applied, the Company records revenue and expenses related to the underlying operations of the asset in the Company’s Consolidated Financial Statements. | |||||||||
For any arrangements containing multiple deliverables, the Company analyzes each activity within the sales arrangement to ensure that it adheres to the separation guidelines for multiple-element arrangements. The Company allocates revenue for any transactions involving multiple elements to each unit of accounting based on its best estimate of the selling price, and recognize revenue for each unit of accounting when the revenue recognition criteria have been met. | |||||||||
Construction in Progress — During 2012, the Company entered into EPC arrangements to develop utility-scale SEF’s across Greece and Italy. The Company applied the completed contract method to these arrangements and capitalized all costs related to these projects at December 31, 2012. During the three months ended December 31, 2012, the Company recorded a $2.7 million provision for losses on contracts to costs incurred on the Greek projects that exceeded the discounted present value of the contract, reducing the balance of construction in progress for the Greek projects to $14.7 million as of December 31, 2012. The Greek project was substantially complete at December 31, 2012; however, final acceptance had not yet been received. The project in Italy was still in progress at December 31, 2012 and had a construction in progress balance of $1.4 million. The Company sold the Italy project to a third party buyer in the first quarter of 2013 and revenue of $1.8 million was recognized. During the quarter ended September 30, 2013 the EPC project in Greece met the completion criteria and revenue of $13.9 million was recognized. Construction in progress was none and $16.1 million at December 31, 2013 and 2012, respectively. | |||||||||
Accounts receivable — The Company grants open credit terms to credit-worthy customers. Terms vary per contract terms and range from 30 to 365 days. Contractually, the Company may charge interest for extended payment terms and require collateral. | |||||||||
Allowance for doubtful accounts — The Company regularly monitors and assesses the risk of not collecting amounts owed by customers. This evaluation is based upon a variety of factors, including an analysis of amounts current and past due along with relevant history and facts particular to the customer. It requires the Company to make significant estimates, and changes in facts and circumstances could result in material changes in the allowance for doubtful accounts. Changes in allowance for doubtful accounts are as follows (in thousands): | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
Beginning balance | $ | 393 | $ | 115 | |||||
Provision for doubtful accounts | 9,303 | 375 | |||||||
Write-offs | (3,809 | ) | (97 | ) | |||||
$ | 5,887 | $ | 393 | ||||||
Related Party Transactions — Products are bought from and sold to related parties at negotiated arms-length prices between the two parties. | |||||||||
Shipping and handling cost — Shipping and handling costs related to the delivery of finished goods are included in cost of goods sold. During the years ended December 31, 2013 and 2012, shipping and handling costs recorded in cost of goods sold were $0.1 million and $0.6 million, respectively. | |||||||||
Advertising costs — Costs for newspaper, television, radio, and other media and design are expensed as incurred. The Company expenses the production costs of advertising the first time the advertising takes place. The costs for this type of advertising were $0.1 million and $0.1 million during the years ended December 31, 2013 and 2012, respectively. | |||||||||
Stock-based compensation — The Company measures the stock-based compensation costs of share-based compensation arrangements based on the grant-date fair value and generally recognizes the costs in the financial statements over the employee requisite service period. For further details, see Note 13 — Stock-based compensation. | |||||||||
Product warranties — The Company offers the industry standard of 25 year product warranty for our solar modules and industry standard five years on inverter and balance of system components. Due to the warranty periods, the Company bears the risk of extensive warranty claims long after the Company has shipped product and recognized revenue. In our cable, wire and mechanical assemblies business, historically our warranty claims have not been material. In our solar photovoltaic business, our greatest warranty exposure is in the form of product replacement. Until the third quarter of 2007, the Company purchased its solar panels from third-party suppliers and since the third-party warranties are consistent with industry standards the Company considers its financial exposure to warranty claims immaterial. Certain photovoltaic construction contracts entered into during the year ended December 31, 2007 included provisions under which the Company agreed to provide warranties to the buyer, and during the quarter ended September 30, 2007 and continuing through the fourth quarter of 2010, the Company installed its own manufactured solar panels. As a result, the Company recorded the provision for estimated warranty exposure on these contracts within cost of sales. Since the Company does not have sufficient historical data to estimate its exposure, it looked to its own historical data in combination with historical data reported by other solar system installers and manufacturers. The Company now only installs panels manufactured by unrelated third parties and its parent, LDK. The Company provides LDK’s pass through warranty, and reserve for unreimbursed costs, such as labor, material and transportation costs to replace panels and balance of system components provided by third-party manufacturers. Because we have largely used solar panels purchased from LDK for past projects and will continue to purchase solar panels from LDK, we may be exposed to increased risk that LDK may not perform under its warranties due to LDK’s liquidation and in the event LDK becomes insolvent. | |||||||||
Income taxes — The Company accounts for income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax reporting bases of assets and liabilities and are measured using enacted tax rates and laws that are expected to be in effect when the differences are expected to reverse. Realization of deferred tax assets is dependent upon future taxable income. A valuation allowance is recognized if it is more likely than not that some portion, or all of a deferred tax asset will not be realized based on the weight of available evidence, including expected future earnings. | |||||||||
The Company recognizes the benefit of uncertain tax positions in its financial statements when it concludes that a tax position is more likely than not to be sustained upon examination based solely on its technical merits. Only after a tax position passes the first step of recognition will measurement be required. Under the measurement step, the tax benefit is measured as the largest amount of benefit that is more likely than not to be realized upon effective settlement. This is determined on a cumulative probability basis. | |||||||||
The Company elects to accrue any interest or penalties related to its uncertain tax positions as part of its income tax expense. | |||||||||
Foreign Currency — The Consolidated Financial Statements are presented in our reporting currency, U.S. dollars. The functional currency for the subsidiaries in Italy is the Euro. The functional currency for the subsidiaries in The People’s Republic of China is the Renminbi. Accordingly, balance sheets of the foreign subsidiaries are translated into U.S. dollars using the exchange rate in effect at the balance sheet date. Revenues and expenses are translated using the average exchange rates in effect during the period. Translation differences are recorded in accumulated other comprehensive (loss) income as foreign currency translation. Gains or losses on transactions denominated in a currency other than the subsidiaries’ functional currency which arises as a result of changes in foreign exchange rates are recorded as foreign exchange gain or loss in the statements of operations. | |||||||||
Post-retirement and post-employment benefits — The Company’s subsidiaries which are located in the People’s Republic of China and Italy contribute to a state pension scheme on behalf of its employees. The Company recorded $0.1million and $0.6 million in expense related to its pension contributions for the years ended December 31, 2013 and 2012, respectively. Neither the Company nor its subsidiaries provide any other post-retirement or post-employment benefits. |
Note_4_Recently_Adopted_and_Re
Note 4 - Recently Adopted and Recently Issued Accounting Guidance | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Accounting Changes and Error Corrections [Abstract] | ' | ||||||||
Accounting Changes and Error Corrections [Text Block] | ' | ||||||||
4. Recently Adopted and Recently Issued Accounting Guidance | |||||||||
In February 2013, the FASB issued ASU No. 2013-02, Comprehensive Income—Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which requires entities to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, entities are required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, entities are required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about those amounts. The Company adopted these changes on January 1, 2013. The additional disclosures required by this ASU are described below: | |||||||||
The following table details the activity of the single component that comprises accumulated other comprehensive loss (in thousands). | |||||||||
Foreign currency translation | December 31, | December 31, | |||||||
2013 | 2012 | ||||||||
Foreign currency translation loss arising during the period | $ | (74 | ) | $ | (110 | ) | |||
Less: reclassification to net loss | 172 | - | |||||||
Accumulated other comprehensive income | $ | 98 | $ | (110 | ) | ||||
In March 2013, FASB issued ASU No. 2013-05, Foreign Currency Matters—Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity, which allows an entity to release cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity. The Company adopted these changes on January 1, 2013. The additional disclosures required by this ASU are included in Note 6. | |||||||||
In April 2013, the FASB issued ASU 2013-07, Liquidation Basis of Accounting, which require an entity to use the liquidation basis of accounting to present its financial statements when it determines that liquidation is imminent, unless the liquidation is the same as that under the plan specified in an entity’s governing documents created at its inception. Liquidation is imminent when the likelihood is remote that the entity will return from liquidation and either (a) a plan for liquidation is approved by the person or persons with the authority to make such a plan effective and the likelihood is remote that the execution of the plan will be blocked by other parties or (b) a plan for liquidation is being imposed by other forces (for example, involuntary bankruptcy). These changes become effective for the Company on January 1, 2014. Entities should apply the requirements prospectively from the day that liquidation becomes imminent. Management is currently evaluating the impact of this amendment on the Consolidated Financial Statements. | |||||||||
In July 2013, the FASB issued ASU 2013-11, Income Taxes—Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, which provides that an unrecognized tax benefit, or a portion thereof, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except to the extent that a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date to settle any additional income taxes that would result from disallowance of a tax position, or the tax law does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, then the unrecognized tax benefit should be presented as a liability. These changes become effective for the Company on January 1, 2014. Management does not expect the adoption of these changes to have a material impact on the Consolidated Financial Statements. |
Note_5_Acquisition_of_Solar_Gr
Note 5 - Acquisition of Solar Green Technology | 12 Months Ended |
Dec. 31, 2013 | |
Disclosure Text Block Supplement [Abstract] | ' |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | ' |
5. Acquisition of Solar Green Technology | |
On June 27, 2012, Solar Power, Inc. entered into an Acquisition and Stock Purchase Agreement dated as of June 25, 2012 (the “SGT Agreement”) with the shareholders of SGT, an Italian-based limited liability company. Under the SGT Agreement, Solar Power, Inc. acquired 100% of the issued and outstanding shares of SGT from SGT shareholders in exchange for 5.0 million Euros (approximately $6.3 million U.S. Dollars) payable in cash and common stock of the Company (the “Purchase Price”). The shareholders of SGT consisted of LDK Solar Europe Holding S.A (“LDK Europe”) and the two founders of SGT. LDK Europe, through its 70% ownership of the outstanding common stock of SGT, controlled SGT prior to the close of the transaction. LDK Europe is a wholly owned subsidiary of LDK, which owned approximately 71% of the issued and outstanding common stock of the Company prior to and after the date of the acquisition of SGT. In July 2012, the Company issued 9,771,223 shares of its Common Stock to LDK Europe and 1,814,655 shares of its Common Stock to each of the two founders of SGT. In addition, the Company agreed to pay each of the two founders 100,000 Euros in cash, the payments of which were made in July 2012. The amount of shares of the Company’s Common Stock that were issued under the SGT Agreement were determined by calculating the amount of the Purchase Price payable to each shareholder divided by the daily volume-weighted average price of the Company’s Common Stock for each of the 90 trading days prior to June 11, 2012. | |
Because SGT and Solar Power, Inc. were under the common control of LDK as of the June 27, 2012 acquisition date, the acquisition is treated as a transaction between entities under common control. In accordance with ASC Topic 805, Business Combinations these financial statements reflect the combination of Solar Power, Inc. and SGT’s financial statements for all periods presented under which both entities were under the common control of LDK. The predecessor entity was determined to be SGT due to the fact that SGT was the first entity controlled by LDK. LDK obtained a controlling interest in SGT on July 10, 2009. LDK obtained a controlling interest in Solar Power, Inc. on March 31, 2011. As such, the Company recognized the assets and liabilities of SGT (the accounting receiving entity) at their historical carrying values in accordance with U.S. GAAP and recast the assets and liabilities of the legacy Solar Power, Inc. entity (the transferring entity) to reflect carrying value of the parent, LDK, which were stepped up to fair value on March 31, 2011 upon LDK obtaining a controlling interest in Solar Power, Inc. Refer to Note 11 —Goodwill and Other Intangible Assets for details of the balances carried by LDK now reflected in the Consolidated Financial Statements. Upon LDK acquiring its controlling interest in Solar Power, Inc. on March 31, 2011, the equity of the new reporting entity for the combined financial statements of Solar Power, Inc. and SGT reflects the Preferred and Common Stock of Solar Power, Inc. and associated additional paid-in capital and SGT’s retained earnings and foreign currency translation at March 31, 2011. Adjustments to eliminate the capital share accounts of SGT were recorded to additional paid-in capital. |
Note_6_Deconsolidation_of_SGT
Note 6 - Deconsolidation of SGT | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Deconsolidation [Abstract] | ' | ||||
Deconsolidation [Text Block] | ' | ||||
6. Deconsolidation of Solar Green Technology | |||||
In November 2013, the board of directors of SGT approved a voluntary plan for liquidation. On December 30, 2013, the board of directors of SGT appointed a liquidator. Under Italian regulations, the liquidation process is controlled and carried out by the liquidator and the Company has no ability to exercise influence over SGT. As a result of these actions, the Company deconsolidated SGT on December 30, 2013 when the Company ceased to have a controlling financial interest in SGT. The Company recognized a gain on deconsolidation of $3.5 million which was recognized in other income in the statement of operations as the liquidation is a run-off of operations. Additionally, the Company deconsolidated net liabilities owned by SGT to LDK of $2.0 million. As LDK is the Company’s parent company, this portion of the deconsolidation was treated as debt forgiveness and a capital transaction recorded as an increase to additional paid in capital. | |||||
The Components of the gain on deconsolidation are as follows (in thousands): | |||||
Adjust SGT’s negative net assets to zero | $ | 6,127 | |||
Reclassify net liabilities forgiven by LDK to additional paid in capital | (1,980 | ) | |||
Write-off of advance to SGT | (438 | ) | |||
Reclassify cumulative foreign currency translation to the statement of operations | (172 | ) | |||
Gain on deconsolidation | $ | 3,537 | |||
The fair value of the Company’s retained investment in SGT is zero at December 31, 2013. SGT will remain a related party of the Company. |
Note_7_Balance_Sheet_Component
Note 7 - Balance Sheet Component | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Supplemental Balance Sheet Disclosures [Text Block] | ' | ||||||||
7. Balance Sheet Component | |||||||||
Accrued liabilities (in thousands): | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
Customer deposits | $ | - | $ | 3,592 | |||||
Capital lease obligation—current portion (1) | - | 689 | |||||||
Product warranty liability—current portion (2) | 200 | 200 | |||||||
Other | 541 | 2,055 | |||||||
$ | 741 | $ | 6,536 | ||||||
-1 | The noncurrent portion of the capital lease obligation is recorded in financing and capital lease obligations, net of current portion. | ||||||||
-2 | The noncurrent portion of the product warranty liability is recorded in other liabilities. | ||||||||
Note_8_Accounts_and_Notes_Rece
Note 8 - Accounts and Notes Receivable | 12 Months Ended |
Dec. 31, 2013 | |
Receivables [Abstract] | ' |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' |
8. Accounts and Notes Receivable | |
During 2013, the Company recognized $13.9 million revenue under the completed-contract method and recorded a receivable of $8.8 million (originally denominated in euro’s) related to the sale of its Greece projects. Due to the delay in the customer receiving term financing from CDB, the receivable is currently being collected over a six year agreed upon payment schedule, plus variable interest. The difference of $5.1 million between revenue recognized and account receivable balance relates to prior payments received from the customer which had been recorded as a customer deposit within accrued liabilities. As of December 31, 2013, due to the extended collection period, $2.2 million of the accounts receivable is recorded as current and $6.6 million is recorded in accounts receivable, noncurrent. During the second quarter of 2013, the Company reclassified $5.9 million of existing accounts receivables from a second unrelated customer to noncurrent based on the expected collection period which is anticipated to exceed one year. As of December 31, 2013, the Company has $2.0 million recorded in accounts receivable, current and $5.8 million recorded in accounts receivable, noncurrent from this second customer. | |
The Company agreed to advance to customer KDC predevelopment and site acquisition costs related to the Imclone EPC agreement between KDC and the Company and recorded the amount as notes receivable. The terms of the EPC agreement require repayment of the advance upon final completion of the SEF, which was expected to occur in the first half of 2013 but is now expected to occur in the first half of 2014 as the project did not break ground until the second quarter of 2013. The advance bears interest at the rate of 5% per year that is payable at the time the principal is repaid. The advance and related interest was collected in full in December 2013 as KDC obtained term debt financing for the project in December 2013. As of December 31, 2013and 2012, the balance of the note receivable from this project was none and $7.0 million, respectively. These amounts are recorded in the current notes receivable. | |
During 2013 the Company issued a note receivable to KDC for one completed contract with 15 year payment terms which began on the commercial operations date which was April 2013. The note bears interest of LIBOR plus 460bps. If the customer obtains term debt financing for their project, the collection of the note receivable may be accelerated. During 2013 the Company issued another note receivable to KDC for the Mountain Creek project that has not been completed. In December 2013, the Company entered into an exchange and release agreement with KDC and agreed to exchange this note receivable due in exchange for a 64.50% limited ownership interest in KDC Solar Mountain Creek Parent LLC (see Note 10). As of December 31, 2013 and 2012, the balance recorded in noncurrent notes receivable related to this customer was $13.6 million and none, respectively. | |
On April 27, 2012, the Company made a secured loan of $1.0 million to Solar Hub Utilities, LLC (“Solar Hub”), to be used for pre-development costs, and recorded the amount in the account notes receivable. On June 8, 2012, the Company agreed to advance Solar Hub up to $9.0 million under a new $9.0 million secured promissory note, which refinanced the original $1.0 million advance and bears a 6% annual interest rate. In March 2013, the interest was changed to a 10% annual interest rate in accordance with the Amended and Restated Secured Promissory Note. This note receivable is secured by the project assets. Repayment in full of all borrowed amounts was due on December 31, 2012 but, in March 2013, was extended to a new maturity date of July 1, 2014 in accordance with the Amended and Restated Secured Promissory Note. As of December 31, 2013 and 2012, the balance of the note receivable from Solar Hub was $8.4 million and $7.1 million, respectively. |
Note_9_Property_Plant_and_Equi
Note 9 - Property, Plant and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||
9. Property, Plant and Equipment | |||||||||
Property, plant and equipment consisted of the following (in thousands): | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
PV solar systems | $ | 14,852 | $ | 20,783 | |||||
Plant and machinery | 33 | 33 | |||||||
Furniture, fixtures and equipment | 269 | 388 | |||||||
Computers and software | 1,153 | 1,499 | |||||||
Trucks | - | 44 | |||||||
Leasehold improvements | 4 | 96 | |||||||
16,311 | 22,843 | ||||||||
Less: accumulated depreciation | (4,559 | ) | (4,089 | ) | |||||
$ | 11,752 | $ | 18,754 | ||||||
In 2009, Solar Power, Inc. capitalized a photovoltaic (“PV”) solar system relating to the Aerojet 1 solar development project along with the associated financing obligation, recorded under financing and capital lease obligations, net of current portion, in the Consolidated Balance Sheets. Due to certain guarantee arrangements as disclosed in Note 16— Commitments and Contingencies, the Company will continue to record this solar system in property, plant and equipment with its associated financing obligation in financing obligations as long as it maintains its continuing involvement with this project. The income and expenses relating to the underlying operation of the Aerojet 1 project are recorded in the Consolidated Statement of Operations. | |||||||||
During the year ended December 31, 2011, the Company’s subsidiary, SGT, completed construction of two SEFs, which was classified as held for sale as of December 31, 2011. In May 2012, SGT sold to and leased back the assets from a leasing company. The gross amount of assets recorded under the capital leases was $5.9 million, with accumulated depreciation of $0.2 million, as of December 31, 2012. The SEFs were classified as PV solar systems under capital leases, which were recorded in Financing and capital lease obligations, net of current portion, on the Consolidated Balance Sheet at December 31, 2012. The SEFs were removed from the Company’s Consolidated Balance Sheet in 2013 in connection with the Company’s deconsolidation of SGT. | |||||||||
Depreciation expense was $1.3 million and $1.1 million for the years ended December 31, 2013 and 2012, respectively. |
Note_10_Investment_in_Affiliat
Note 10 - Investment in Affiliates | 12 Months Ended |
Dec. 31, 2013 | |
Investments in and Advances to Affiliates, Schedule of Investments [Abstract] | ' |
Investments in and Advances to Affiliates, Schedule of Investments [Text Block] | ' |
10. Investment in Affiliates | |
In April 2012, the Company entered into an EPC agreement with KDC to construct a 5.4 MW photovoltaic solar electricity project located in Mountain Creek, New Jersey (the “Mountain Creek Project”). In December 2013, the Company entered into an exchange and release agreement with KDC and agreed to exchange its $15.0 million note receivable due to the Company from KDC under the EPC agreement for construction of the Mountain Creek Project in exchange for a 64.50% limited ownership interest in KDC Solar Mountain Creek Parent LLC (the “LLC”). The LLC holds all of the assets of the Mountain Creek Project. The construction of the Mountain Creek Project was approximately 25% complete at December 31, 2013. KDC is the managing member and holds a 35.5% managing member interest in the LLC. KDC has the power to control and manage the business and affairs of the LLC and is the only member that has the authority to bind the LLC. The Company holds protective rights with respect to approving (1) a sale or transfer of the Project; (2) the acquisition of real estate not related to the Project; (3) a merger of the LLC with another entity; (4) the alteration of the primary purpose of the LLC; and (5) the addition of new members. The Company does not have the substantive ability to dissolve (liquidate) the LLC or otherwise remove the managing member. As a result, the Company does not have a controlling financial interest in the LLC. The Company accounts for its investment in the LLC using the equity method of accounting. The Company determined the fair value of its investment in the LLC was $7.5 million based on an income approach applying discounted cash flows to measure the fair value using a 10% discount rate. The Company also used a market approach by comparing the fair value to other similar sized MW photovoltaic solar electricity projects taking into consideration the expected time and cost to complete the project. As a result, the Company recorded a $7.5 million impairment charge in the Consolidated Statement of Operations during the year ended December 31, 2013. There were no earnings or losses of the investee included in the Company’s consolidated statement of operations for the year ended December 31, 2013. | |
Prior to the exchange and release agreement, the Company accumulated $2.7 million of costs and estimated earnings in excess of billings on the uncompleted Mountain Creek project. As the costs and estimated earnings in excess of billings were not a part of the Company’s investment in the LLC, the Company recorded a $2.7 million provision for losses on contracts in the consolidated statement of operations for the year ended December 31, 2013 and reducing the costs and estimated earnings in excess of billings on the uncompleted contracts to $0 at December 31, 2013. |
Note_11_Goodwill_and_Other_Int
Note 11 - Goodwill and Other Intangible Assets | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Text Block] | ' | ||||||||||||||||||||
11. Goodwill and Other Intangible Assets | |||||||||||||||||||||
Goodwill | |||||||||||||||||||||
The carrying value of goodwill was $5.2 million at December 31, 2011, all of which was allocated to the Company’s single reportable segment. Of this balance, $4.7 million reflected the balance of Solar Power, Inc. carried by its parent company, LDK, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 5— Acquisition of Solar Green Technology). The Company evaluated the carrying value of its goodwill at December 31, 2011, and determined that no impairment of goodwill was identified. During the three months ended September 30, 2012, due primarily to the recent reduction in the Company’s market capitalization, the Company’s market value was significantly below its book value, thus triggering an impairment analysis. As a result of this analysis, the Company recorded a goodwill impairment charge of $5.2 million. As a result, the balance of goodwill as of December 31, 2012 was zero. | |||||||||||||||||||||
Other Intangible Assets | |||||||||||||||||||||
During the three months ended December 31, 2012, the Company determined that the carrying value of certain intangible assets related to customer relationships were no longer recoverable based on a discrete evaluation of the nature of the intangible assets, incorporating the effect of the Company’s recent decision to no longer maintain the customer relationships. As a result, the Company recorded an impairment charge of $0.1 million on its Consolidated Statement of Operations for the year ended December 31, 2012. The balance of intangible assets as of December 31, 2013 and December 31, 2012 was $1.1 million and $1.7 million, respectively. | |||||||||||||||||||||
Other intangible assets consisted of the following (in thousands): | |||||||||||||||||||||
Useful Life | Gross | Impairment | Accumulated | Net | |||||||||||||||||
(in months) | Charge | Amortization | |||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||
Patent | 57 | $ | 2,700 | $ | - | $ | (1,568 | ) | $ | 1,132 | |||||||||||
$ | 2,700 | $ | - | $ | (1,568 | ) | $ | 1,132 | |||||||||||||
As of December 31, 2012 | |||||||||||||||||||||
Patent | 57 | $ | 2,700 | $ | - | $ | (997 | ) | $ | 1,703 | |||||||||||
Customer relationships | 33 | 400 | (148 | ) | (252 | ) | - | ||||||||||||||
$ | 3,100 | $ | (148 | ) | $ | (1,249 | ) | $ | 1,703 | ||||||||||||
As of December 31, 2013, the estimated future amortization expense related to other intangible assets is as follows (in thousands): | |||||||||||||||||||||
Amount | |||||||||||||||||||||
Year | |||||||||||||||||||||
2014 | $ | 570 | |||||||||||||||||||
2015 | 562 | ||||||||||||||||||||
$ | 1,132 | ||||||||||||||||||||
Note_12_Stockholders_Equity
Note 12 - Stockholders' Equity | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||
Stockholders' Equity Note Disclosure [Text Block] | ' | ||||||||||||
12. Stockholders’ (Deficit) Equity | |||||||||||||
Issuance of common stock | |||||||||||||
On June 8, 2012, the Company issued 400,000 shares of restricted Common Stock pursuant to the Company’s 2006 Equity Incentive Plan (defined below) as compensation to its non-employee directors. The fair value of the shares was $0.265 per share, the closing price of the Company’s Common Stock on June 12, 2012, the date of the grant. The shares vested on the date of grant. | |||||||||||||
In July 2012, the Company issued 9,771,223 shares of its Common Stock to LDK Europe, a wholly-owned subsidiary of LDK, and 1,814,655 of its Common Stock to each of the two founders of SGT pursuant to the SGT Acquisition and Stock Purchase Agreement as part of an aggregate purchase price of 5.0 million Euros (approximately $6.3 million in U.S. Dollars at June 30, 2012). For further discussion of the transaction, refer to Note 5 —Acquisition of Solar Green Technology. | |||||||||||||
Issuance of warrants to purchase common stock | |||||||||||||
On February 15, 2012, the Company’s Board of Directors approved the issuance of a warrant agreement for Cathay General Bancorp to purchase 300,000 shares of the Company’s Common Stock at $0.75 per share related to the credit facility entered into with Cathay Bank for an original aggregate principal amount of $9.0 million. The fair value of $0.29 per share was determined using the Black-Scholes-Merton model. Assumptions used in calculating fair value were as follows: a risk free interest rate of .38%, expected volatility of 103%, zero expected dividend yield, and an expected term of 3 years. The warrant expires on February 15, 2015 and is exercisable anytime within that period for an exercise price of $0.75 per share. The value of the warrant will be amortized over the remaining term of the associated credit facility through December 31, 2012. For the year ended December 31, 2012, $87,000 was amortized to interest expense. | |||||||||||||
The following table summarizes the Company’s warrant activity: | |||||||||||||
Shares | Weighted- | Weighted- | |||||||||||
Average | Average | ||||||||||||
Exercise | Remaining | ||||||||||||
Price Per | Contractual | ||||||||||||
Share | Term | ||||||||||||
Outstanding as of January 1, 2012 | 2,066,302 | 2.91 | 0.91 | ||||||||||
Issued | 300,000 | 0.75 | 3 | ||||||||||
Exercised | - | - | - | ||||||||||
Cancelled/expired | (2,066,302 | ) | 2.91 | - | |||||||||
Outstanding December 31, 2012 | 300,000 | 0.75 | 2.1 | ||||||||||
Issued | - | - | |||||||||||
Exercised | - | - | |||||||||||
Cancelled/expired | - | - | |||||||||||
Outstanding December 31, 2013 | 300,000 | 0.75 | 1.1 | ||||||||||
Exercisable December 31, 2013 | 300,000 | $ | 0.75 | 1.1 | |||||||||
In April 2013, LDK forgave $2.6 million of debt by SGT which is recorded in additional paid in capital. Additionally, the Company deconsolidated net liabilities owned by SGT to LDK of $2.0 million. As LDK is the Company’s parent company, this portion of the deconsolidation was treated as debt forgiveness and a capital transaction recorded as an increase to additional paid in capital. |
Note_13_Stockbased_Compensatio
Note 13 - Stock-based Compensation | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | |||||||||||||||||||
13. Stock-based Compensation | ||||||||||||||||||||
The Company measures stock-based compensation expense for all stock-based compensation awards based on the grant-date fair value and recognizes the cost in the financial statements over the employee requisite service period. | ||||||||||||||||||||
The following table summarizes the consolidated stock-based compensation expense, by type of awards for the years ended December 31 (in thousands): | ||||||||||||||||||||
For the Years Ended | ||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||
Employee stock options | $ | 575 | $ | 349 | ||||||||||||||||
Restricted stock grants | - | 106 | ||||||||||||||||||
Total stock-based compensation expense | $ | 575 | $ | 455 | ||||||||||||||||
The following table summarizes the consolidated stock-based compensation by line items for the years ended December 31 (in thousands): | ||||||||||||||||||||
For the Years Ended | ||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||
General and administrative | $ | 429 | $ | 394 | ||||||||||||||||
Sales, marketing and customer service | 100 | 57 | ||||||||||||||||||
Engineering, design and product management | 46 | 4 | ||||||||||||||||||
Total stock-based compensation expense | 575 | 455 | ||||||||||||||||||
Tax effect on stock-based compensation expense | — | — | ||||||||||||||||||
Total stock-based compensation expense after income taxes | $ | 575 | $ | 455 | ||||||||||||||||
As stock-based compensation expense recognized in the consolidated statements of operations is based on awards ultimately expected to vest, it has been reduced for estimated forfeitures. Forfeitures are required to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. | ||||||||||||||||||||
Determining Fair Value | ||||||||||||||||||||
Valuation and Amortization Method — The Company estimates the fair value of service-based and performance-based stock options granted using the Black-Scholes option-pricing formula. The fair value is then amortized on a straight-line basis over the requisite service periods of the awards, which is generally the vesting period. In the case of performance-based stock options, amortization does not begin until it is determined that meeting the performance criteria is probable. Service-based and performance-based options typically have a five year life from date of grant and vesting periods of three to four years. | ||||||||||||||||||||
Expected Term — The Company’s expected term represents the period that the Company’s stock-based awards are expected to be outstanding. For awards granted subject only to service vesting requirements, the Company utilizes the simplified method for estimating the expected term of the stock-based award, instead of historical exercise data. For its performance-based awards, the Company has determined the expected term life to be five years based on contractual life and the seniority of the recipient. | ||||||||||||||||||||
Expected Volatility —The Company uses historical volatility of the price of its common shares to calculate the volatility for its granted options. | ||||||||||||||||||||
Expected Dividend — The Company has never paid dividends on its common shares and currently does not intend to do so, and accordingly, the dividend yield percentage is zero for all periods. | ||||||||||||||||||||
Risk-Free Interest Rate — The Company bases the risk-free interest rate used in the Black-Scholes valuation model upon the implied yield curve currently available on U.S. Treasury zero-coupon issues with a remaining term equal to the expected term used as the assumption in the model. | ||||||||||||||||||||
Assumptions used in the determination of the fair value of share-based payment awards using the Black-Scholes model for stock option grants during the years ended December 31 were as follows: | ||||||||||||||||||||
For the Years Ended | ||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||
Expected term | 3.75 | 3.75 | ||||||||||||||||||
Risk-free interest rate | 0.95% | - | 1.2% | 0.6% | - | 0.89% | ||||||||||||||
Expected volatility | 106% | - | 118% | 101 | - | 103% | ||||||||||||||
Expected dividend yield | 0% | 0% | ||||||||||||||||||
Equity Incentive Plan | ||||||||||||||||||||
On November 15, 2006, subject to approval of the stockholders, the Company adopted the 2006 Equity Incentive Plan (the “Plan”) which permits the Company to grant stock options to directors, officers or employees of the Company or others to purchase shares of common stock of the Company through awards of incentive and nonqualified stock options (“Option”), stock (“Restricted Stock” or “Unrestricted Stock”) and stock appreciation rights (“SARs”). The Plan was approved by the stockholders on February 7, 2007. | ||||||||||||||||||||
The Company currently has time-based options outstanding. The time-based options generally vest 25% annually and expire three to five years from the date of grant. The restricted shares were fully vested as of December 31, 2013. Total number of shares reserved and available for grant and issuance pursuant to this Plan is equal to 9% of the number of outstanding shares of the Company. Not more than 2,000,000 shares of stock shall be granted in the form of incentive stock options. Shares issued under the Plan will be drawn from authorized and unissued shares or shares now held or subsequently acquired by the Company. Outstanding shares of the Company shall, for purposes of such calculation, include the number of shares of stock into which other securities or instruments issued by the Company are currently convertible (e.g., convertible preferred stock, convertible debentures, or warrants for common stock), but not outstanding options to acquire stock. At December 31, 2013 there were 10,370,106 shares available for grant under the plan (9% of the outstanding shares of 198,214,456 plus outstanding warrants of 300,000 less options outstanding and exercises since inception). | ||||||||||||||||||||
The exercise price of any Option will be determined by the Company when the Option is granted and may not be less than 100% of the fair market value of the shares on the date of grant, and the exercise price of any incentive stock option granted to a stockholder with a 10% or greater shareholding will not be less than 110% of the fair market value of the shares on the date of grant. The exercise price per share of a SAR will be determined by the Company at the time of grant, but will in no event be less than the fair market value of a share of Company’s stock on the date of grant. | ||||||||||||||||||||
The following table summarizes the Company’s stock option activities: | ||||||||||||||||||||
Shares | Weighted- | Weighted- | Aggregate | |||||||||||||||||
Average | Average | Intrinsic | ||||||||||||||||||
Exercise | Remaining | Value | ||||||||||||||||||
Price Per | Contractual | $0 | ||||||||||||||||||
Share | Term | |||||||||||||||||||
Outstanding as of January 1, 2012 | 5,171,500 | $ | 0.56 | |||||||||||||||||
Granted | 2,620,000 | 0.33 | ||||||||||||||||||
Exercised | — | — | ||||||||||||||||||
Forfeited | (1,955,000 | ) | 0.57 | |||||||||||||||||
Outstanding as of December 31, 2012 | 5,836,500 | $ | 0.45 | |||||||||||||||||
Granted | 4,450,000 | 0.06 | ||||||||||||||||||
Exercised | — | — | ||||||||||||||||||
Forfeited | (3,172,250 | ) | 0.47 | |||||||||||||||||
Outstanding as of December 31, 2013 | 7,114,250 | $ | 0.2 | 3.91 | $ | - | ||||||||||||||
Vested and exercisable as of December 31, 2013 | 1,435,500 | $ | 0.46 | 2.26 | $ | - | ||||||||||||||
Vested and expected to vest as of December 31, 2013 | 7,114,250 | $ | 0.2 | 3.91 | $ | - | ||||||||||||||
The following table presents the exercise price and remaining life information about options exercisable at December 31, 2013: | ||||||||||||||||||||
Shares | Weighted | Weighted | Aggregate | |||||||||||||||||
Range of | Exercisable | average | average | Intrinsic | ||||||||||||||||
exercise price | remaining | exercise | (000s) | |||||||||||||||||
contractual | price | |||||||||||||||||||
life | ||||||||||||||||||||
$1.24 | - | $1.30 | 150,000 | 1 | $ | 1.25 | $ | - | ||||||||||||
$0.70 | - | $1.23 | 27,000 | 0.24 | 0.74 | - | ||||||||||||||
$0.23 | - | $0.69 | 1,258,500 | 2.53 | 0.36 | - | ||||||||||||||
1,435,500 | 2.26 | $ | 0.46 | $ | - | |||||||||||||||
Changes in the Company’s non-vested stock awards are summarized as follows: | ||||||||||||||||||||
Time-based Options | Restricted Stock | |||||||||||||||||||
Shares | Weighted | Shares | Weighted | |||||||||||||||||
Average | Average | |||||||||||||||||||
Exercise | Grant Date | |||||||||||||||||||
Price | Fair Value | |||||||||||||||||||
Per Share | Per Share | |||||||||||||||||||
Non-vested as of January 1, 2012 | 4,325,000 | $ | 0.41 | - | $ | - | ||||||||||||||
Granted | 2,620,000 | 0.33 | 400,000 | 0.27 | ||||||||||||||||
Vested | (1,187,875 | ) | 0.51 | (400,000 | ) | 0.27 | ||||||||||||||
Forfeited | (1,530,125 | ) | 0.47 | - | - | |||||||||||||||
Non-vested as of December 31, 2012 | 4,227,000 | $ | 0.38 | - | - | |||||||||||||||
Granted | 4,450,000 | 0.06 | - | - | ||||||||||||||||
Vested | (802,750 | ) | 0.41 | - | - | |||||||||||||||
Forfeited | (2,195,500 | ) | 0.64 | - | - | |||||||||||||||
Non-vested as of December 31, 2013 | 5,678,750 | $ | 0.13 | - | $ | - | ||||||||||||||
As of December 31, 2013, there was $0.6 million of unrecognized compensation cost related to non-vested option awards, which is expected to be recognized over a weighted-average of 3.2 years. | ||||||||||||||||||||
The total intrinsic value of shares vested during the year ended December 31, 2013 and 2012 was $0.7 million and $0.5 million, respectively. There were no changes to the contractual life of any fully vested options during the years ended December 31, 2013 and 2012. There were no options exercised during the years ended December 31, 2013 or 2012. | ||||||||||||||||||||
Following is a summary of our restricted stock awards as of December 31, 2013 and 2012 and changes during the years then ended: | ||||||||||||||||||||
Number | Weighted Average | |||||||||||||||||||
of Shares | Grant-Date | |||||||||||||||||||
Fair Value | ||||||||||||||||||||
Restricted stock units at January 1, 2012 | 925,868 | $ | 0.79 | |||||||||||||||||
Granted | 400,000 | 0.27 | ||||||||||||||||||
Forfeited | - | - | ||||||||||||||||||
Restricted stock units at December 31, 2012 | 1,325,868 | 0.63 | ||||||||||||||||||
Granted | - | - | ||||||||||||||||||
Forfeited | - | - | ||||||||||||||||||
Restricted stock units at December 31, 2013 | 1,325,868 | $ | 0.63 | |||||||||||||||||
Note_14_Income_Taxes
Note 14 - Income Taxes | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||
14. Income Taxes | |||||||||
(Loss) income before provision for income taxes is attributable to the following geographic locations for the years ended December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
United States | $ | (20,887 | ) | $ | (20,924 | ) | |||
Foreign | (10,544 | ) | (4,584 | ) | |||||
$ | (31,431 | ) | $ | (25,508 | ) | ||||
The provision(benefit) for income taxes consists of the following for the years ended December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Current: | |||||||||
Federal | $ | - | $ | (46 | ) | ||||
State | 7 | (21 | ) | ||||||
Foreign | 979 | (395 | ) | ||||||
Total current | 986 | (462 | ) | ||||||
Deferred: | |||||||||
Federal | - | - | |||||||
State | - | - | |||||||
Foreign | (173 | ) | 382 | ||||||
Total deferred | (173 | ) | 382 | ||||||
Total provision(benefit) for income taxes | $ | 813 | $ | (80 | ) | ||||
The provision for income taxes for the year ended December 31, 2013 was primarily the result of the SGT liquidation and the related charge off of the asset created by the elimination of the intercompany gain created by the sale of an asset between the Company and SGT during 2012. | |||||||||
The reconciliation between the actual income tax expense and income tax computed by applying the statutory U.S. Federal income tax rate of 35% to pre-tax (loss) income before provision for income taxes for the years ended December 31 is as follows (in thousands): | |||||||||
2013 | 2012 | ||||||||
Provision for income taxes at U.S. Federal statutory rate | $ | (11,001 | ) | $ | (8,928 | ) | |||
State taxes, net of federal benefit | 4 | (13 | ) | ||||||
Foreign taxes at different rate | 4,500 | 1,591 | |||||||
Non-deductible expenses | 100 | (68 | ) | ||||||
Valuation allowance | 7,078 | 4,843 | |||||||
Other | (114 | ) | 631 | ||||||
Impairment | 246 | 1,864 | |||||||
$ | 813 | $ | (80 | ) | |||||
Deferred income taxes reflect the net tax effects of loss carry forwards and temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities for federal, state and foreign income taxes are as follows at December 31 are presented below (in thousands): | |||||||||
2013 | 2012 | ||||||||
Deferred income tax assets: | |||||||||
Net operating loss carry forwards | $ | 25,458 | $ | 17,602 | |||||
Temporary differences due to accrued warranty costs | 684 | 690 | |||||||
Temporary differences due to bonus and vacation accrual | 33 | 94 | |||||||
Temporary differences due to construction in progress | - | 1,316 | |||||||
Other temporary differences | 595 | 142 | |||||||
Allowance for bad debts | 2,474 | 54 | |||||||
Credits | 16 | 16 | |||||||
29,260 | 19,914 | ||||||||
Valuation allowance | (29,260 | ) | (19,914 | ) | |||||
Total deferred income tax assets | - | - | |||||||
Deferred income tax liabilities: | |||||||||
Other temporary differences | - | (173 | ) | ||||||
Total deferred income tax liabilities | - | (173 | ) | ||||||
Net deferred tax (liabilities) assets | $ | - | $ | (173 | ) | ||||
As of December 31, 2013, the Company had a net operating loss carry forward for federal income tax purposes of approximately $56.8 million, which will start to expire in the year 2027. The Company had a total state net operating loss carry forward of approximately $68.7 million, which will start to expire in the year 2017. The Company has a foreign net operating loss carry forward of $2.8 million, some of which begin to expire in 2017. The Company had a federal alternative minimum tax credit of $16,000, which does not expire. | |||||||||
Utilization of the federal and state net operating losses is subject to certain annual limitations due to the “change in ownership” provisions of the Internal Revenue Code of 1986 and similar state provisions. However, the annual limitation is not anticipated to result in the expiration of net operating losses and credits before utilization. | |||||||||
The Company recognizes deferred tax assets if it is more likely than not that those deferred tax assets will be realized. Management reviews deferred tax assets periodically for recoverability and makes estimates and judgments regarding the expected geographic sources of taxable income in assessing the need for a valuation allowance to reduce deferred tax assets to their estimated realizable value. Realization of the Company’s deferred tax assets is dependent upon future earnings, if any, the timing and amount of which are uncertain. Because of the Company’s lack of earnings history, the net deferred tax assets have been fully offset by a valuation allowance. The valuation allowance increased by $9.4 million and $7.1 million during the years ended December 31, 2013 and 2012, respectively. | |||||||||
The Company has no unremitted foreign earnings from Hong Kong and immaterial foreign retained earnings from the PRC. | |||||||||
The Company currently files income tax returns in the U.S., as well as California, New Jersey, and certain other foreign jurisdictions. The Company is currently not the subject of any income tax examinations. The Company’s tax returns remain open for examination for years after December 31, 2008. | |||||||||
The Company had no unrecognized tax benefits for the years ended December 31, 2013 and 2012, respectively. |
Note_15_Line_of_Credit_and_Loa
Note 15 - Line of Credit and Loans Payable | 12 Months Ended |
Dec. 31, 2013 | |
Debt Disclosure [Abstract] | ' |
Debt Disclosure [Text Block] | ' |
15. Lines of Credit and Loans Payable | |
Lines of Credit | |
On December 26, 2011, the Company entered into a Business Loan Agreement with Cathay Bank (“Cathay”) whereby Cathay agreed to extend the Company a line of credit of the lesser of $9.0 million or 70% of the aggregate amount in certain accounts receivable, which will mature December 31, 2012. LDK agreed to guaranty the full amount of the loan under a Commercial Guaranty by and between LDK and Cathay dated December 26, 2011. The interest rate under the loan is variable, 1.25% above the prime rate. In conjunction with the Business Loan Agreement, the Company and Cathay entered into a Commercial Security Agreement dated December 26, 2011 (“Cathay Security Agreement”), pursuant to which Cathay is granted a security interest in the collateral, which is certain accounts receivable. See Note 12 — Stockholders’ (Deficit) Equity regarding the warrants associated with the line of credit that were issued in February 2012. | |
Under the Business Loan Agreement, the Company is required to adhere to certain covenants, including a profitability requirement and financial statement ratio covenants. On June 15, 2012, the Company and Cathay executed a modification to the terms of the line of credit to adjust the required debt to worth ratio from three to one from two and one-half to one, and to subject all future advances to 70% of the receipts related to EPC agreements reviewed and approved by Cathay. Due to the accounting treatment related to the Aerojet 1 solar project development, the Company’s debt to worth covenant was in violation at December 31, 2011 and continues to be in violation until the related financial obligation is satisfied. The Company obtained a waiver from Cathay that excludes the financial impact of the Aerojet 1 transaction from the calculation of the debt to worth ratio through the term of the loan. | |
As of September 30, 2012, the Company was in violation of two other covenants. Due to the loss before income taxes for the three months ended September 30, 2012, the Company did not meet the minimum $1.0 million pre-tax profit covenant. As a result of the second quarter 2012 reclassification of the CDB loan from long-term to short-term, the Company did not meet the current ratio covenant. A notice of default was not issued by Cathay. | |
In December 2012, the Company amended the Business Loan Agreement with Cathay. Under the terms of the amended loan agreement, the facility amount was reduced to $7.0 million, with a variable interest rate of 2.0% above the prime rate and a 6% floor rate. The maturity date is extended to June 30, 2013 with monthly principal payments of $0.5 million due each month beginning December 30, 2012. The covenants were amended to include, among other items, the subordination of the net account payable due to LDK and elimination of minimum income and cash flow requirements. | |
In August, 2013, the Company entered into an agreement with Cathay whereby Cathay agreed, subject to certain conditions precedent, to forbear from foreclosing on the security interest securing the Loan Agreement until September 30, 2013. In connection with the forbearance, the Company agreed to pay Cathay the outstanding and unpaid balance of the loan on September 30, 2013. In addition, as of September 30, 2013, the interest rate under the loan equals 11%. All proceeds from the sale of projects and any payments received from KDC shall be applied to loan payment. | |
In November, 2013, the Company entered into another forbearance agreement with Cathay whereby Cathay agreed to forbear from foreclosing on the security interest securing the Loan Agreement until December 31, 2013. In connection with the forbearance, the Company agreed to pay Cathay the outstanding and unpaid balance of the loan on December 31, 2013. The forbearance agreement expired on December 31, 2013 without payment being made. In March 2014, the Company received a formal notice of default and demand under the loan documents and forbearance agreement from Cathay Bank which requires the Company to repay the aggregate outstanding principal balance of the loan and unpaid interest. | |
As of December 31, 2013 and 2012, the Company had a balance outstanding to Cathay on the line of credit of $4.25 million and $4.4 million, respectively, recorded in the current account lines of credit. | |
During 2012, SGT entered into various unsecured revolving credit agreements with six Italian financial institutions under which SGT could borrow up to 4.0 million Euros (approximately $5.1 million U.S. Dollars). Amounts borrowed for advances on customer invoices or for performance bonds to customers may be repaid and reborrowed after repayment. SGT is required to pay interest on outstanding borrowings at interest rates ranging from 4.4% to 9.9%, compounded quarterly. Repayment is due for each invoice advance upon repayment by the customer, up to 120 days from utilization of each facility. As of December 31, 2012, $4.4 million was outstanding under the revolving credit facilities, classified in the current account lines of credit. | |
Loans Payable | |
On December 30, 2011, SPI New Jersey entered into two facility agreements with CDB. The first Facility Agreement is for a $3.6 million facility and a RMB 72,150,000 ($11.9 million at current exchange rates) facility and relates to EPC Financing for one of the Company’s customers. No borrowings were drawn under the RMB 72,150,000 facility with CDB. The facility expired on December 31, 2012. The second Facility Agreement is for a $15.6 million facility and a RMB 77,850,000 ($12.9 million at current exchange rates) facility and relates to EPC financing for another project of the same customer. SPI New Jersey has twelve months to draw upon the facilities. The interest rate is a variable interest rate based on either LIBOR plus a margin, in the case of a loan under a U.S. dollar portion, or the standard RMB interest rate for similar loans, in the case of a loan under a RMB portion. The interest is payable every six months. Under each Facility Agreement, SPI New Jersey is obligated to pay a front-end fee of 1.5% of the total amount of the U.S. dollars portion of a Facility Agreement upon the first drawing under the U.S. dollars portion of that Facility Agreement. Further, SPI New Jersey is obligated to pay a front-end fee of 1.5% of the total amount of the RMB portion of a Facility Agreement upon the first drawing under the RMB portion of that Facility Agreement. Additionally, SPI New Jersey is obligated to pay a fee equal to 0.5% per annum of the available but undrawn funds. The loans under a facility may be prepaid in whole or in part. However, any repaid portion cannot be re-borrowed. The full amount outstanding under a facility is required to be paid in full twenty-four months from the date the facility was first utilized, which was December 2011. The loans outstanding under the facility also become payable on the occurrence of certain events, including a change of control of SPI New Jersey. During the three months ended March 31, 2012, SPI New Jersey repaid the first Facility Agreement of $3.6 million upon completion of the related solar development project. No amounts remain outstanding under the first Facility Agreement as of December 31, 2013 and December 31, 2012. During the three months ended June 30, 2012, the Company drew down the remaining amount of RMB 77,850,000 (or $12.3 million in USD) under the second Facility Agreement. In December 2013, upon collection of its note receivable and related interest from customer KDC (see Note 8), the Company repaid the amounts outstanding and related interest under the loan payable in full. As of December 31, 2013 and December 31, 2012, the outstanding balance under the second facility agreement was none and $27.9 million, respectively, which was recorded in current loans payable and capital lease obligations. | |
On December 30, 2011, the Company and CDB entered into a Security Agreement (the “CDB Security Agreement”), whereby the Company granted CDB a security interest in certain collateral. The collateral relates to the Project Facilities financed and the electricity grid-connected photovoltaic, solar power generation facilities that are the subject of the EPC Contract with specified installed capacity. The carrying value of the assets were $22.6 million as of December 31, 2012. The CDB Security Agreement provided CDB with security for two term loan facilities that CBD, as lender, extended to a wholly owned subsidiary of the Company, SPI Solar New Jersey, Inc. (“SPI New Jersey”) as discussed above (collectively, the “Facility Agreements” and each a “Facility Agreement”). Under the CDB Security Agreement, CDB may, among other rights involving the collateral, sell the collateral or withdraw funds from certain accounts of the Company in the event of a default under a Facility Agreement. The CDB Security Agreement terminated upon satisfaction in full of the obligations under the Facility Agreements. |
Note_16_Commitments_and_Contin
Note 16 - Commitments and Contingencies | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||
Commitments and Contingencies Disclosure [Text Block] | ' | ||||||||
16. Commitments and Contingencies | |||||||||
Commitments | |||||||||
Restricted cash —At December 31, 2013 and 2012, the Company had restricted bank deposits of $0.4 million. The restricted bank deposits consist of a reserve pursuant to our guarantees of Solar Tax Partners 1, LLC (“STP”) with the bank providing the debt financing on the Aerojet 1 solar generating facility (see below for additional details related to the Aerojet 1 development project). | |||||||||
Guarantee —On December 22, 2009, in connection with an equity funding of STP related to the Aerojet 1 solar development project, the Company along with STP’s other investors entered into a Guaranty (“Guaranty”) to provide the equity investor, Greystone Renewable Energy Equity Fund (“Greystone”), with certain guarantees, in part, to secure investment funds necessary to facilitate STP’s payment to the Company under the EPC. Specific guarantees made by Solar Power, Inc. include the following in the event of the other investors’ failure to perform under the operating agreement: | |||||||||
• | Operating Deficit Loans—the Company would be required to loan Master Tenant or STP monies necessary to fund operations to the extent costs could not be covered by Master Tenant’s or STP’s cash inflows. The loan would be subordinated to other liabilities of the entity and earn no interest; and | ||||||||
• | Exercise of Put Options—At the option of Greystone, the Company may be required to fund the purchase by Managing Member of Greystone’s interest in Master Tenant under an option exercisable for 9 months following a 63 month period commencing with operations of the Facility. The purchase price would be equal to the greater of the fair value of Greystone’s equity interest in Master Tenant or $1.0 million. | ||||||||
The Company has recorded on its Consolidated Balance Sheet the guarantees of $0.1 million at December 31, 2013 and 2012, respectively, which approximates their fair value (refer to Note 18— Fair Value of Financial Instruments). These amounts, less related amortization, are included in accrued liabilities. These guarantees for the Aerojet 1 project are accounted for separately from the financing obligation related to the Aerojet 1 project because they are with different counterparties. | |||||||||
Financing Obligation —The guarantees associated with Aerojet 1 constitute a continuing involvement in the project. While the Company maintains its continuing involvement, it will apply the financing method and, therefore, has recorded and classified the proceeds received of $11.7 million and $12.9 million from the project in long-term liabilities within financing and capital lease obligations, net of current portion, at December 31, 2013 and 2012, respectively, in the Consolidated Balance Sheets. | |||||||||
Performance Guaranty — On December 18, 2009, the Company entered into a 10-year energy output guaranty related to the photovoltaic system installed for STP at the Aerojet 1 facility in Rancho Cordova, CA. The guaranty provided for compensation to STP’s system lessee for shortfalls in production related to the design and operation of the system, but excluding shortfalls outside the Company’s control such as government regulation. The Company believes that the probability of shortfalls is unlikely and if they should occur they would be covered under the provisions of its current panel and equipment warranty provisions. For the fiscal year ended December 31, 2013, there continues to be no charges against our reserves related to this performance guaranty. | |||||||||
Product Warranties —Solar Power, Inc. offers the industry standard of 25 years for our solar modules and industry standard five years on inverter and balance of system components. Due to the warranty period, Solar Power, Inc. bears the risk of extensive warranty claims long after the Company has shipped product and recognized revenue. In our cable, wire and mechanical assemblies business, historically our warranty claims have not been material. In our solar photovoltaic business, our greatest warranty exposure is in the form of product replacement. Until the third quarter of 2007, Solar Power, Inc. purchased its solar panels from third-party suppliers and since the third-party warranties are consistent with industry standards it considered our financial exposure to warranty claims immaterial. Certain photovoltaic construction contracts entered into during the year ended December 31, 2007 included provisions under which Solar Power, Inc. agreed to provide warranties to the buyer, and during the quarter ended September 30, 2007 and continuing through the fourth quarter of 2010, Solar Power, Inc. installed its own manufactured solar panels. As a result, the Company recorded the provision for the estimated warranty exposure on these contracts within cost of sales. Since Solar Power, Inc. does not have sufficient historical data to estimate its exposure, it has looked to its own historical data in combination with historical data reported by other solar system installers and manufacturers. The Company now only installs panels manufactured by unrelated third parties and its parent, LDK. The Company provides the manufacturer’s pass through warranty, and reserves for unreimbursed costs, such as labor, material and transportation costs to replace panels and balance of system components provided by third-party manufacturers. The current portion is presented in accrued liabilities and the non-current portion is presented in the noncurrent account other liabilities on the Consolidated Balance Sheets. | |||||||||
The accrual for warranty claims consisted of the following (in thousands): | |||||||||
2013 | 2012 | ||||||||
Beginning balance - January 1 | $ | 1,537 | $ | 1,679 | |||||
Provision charged to warranty expense | - | 221 | |||||||
Less: warranty claims | - | (363 | ) | ||||||
Ending balance - December 31, | 1,537 | 1,537 | |||||||
Current portion of warranty liability | 200 | 200 | |||||||
Non-current portion of warranty liability | $ | 1,337 | $ | 1,337 | |||||
Operating leases — The Company leases facilities under various operating leases, some of which contain escalation clauses, which expire through 2017. The Company also leases vehicles under operating leases. Rental expenses under operating leases included in the statement of operations were $0.5 million and $0.9 million for the years ended December 31, 2013 and 2012, respectively. | |||||||||
Future minimum payments under all of our non-cancelable operating leases are as follows as of December 31, 2013 (in thousands): | |||||||||
2014 | $ | 171 | |||||||
2015 | 176 | ||||||||
2016 | 182 | ||||||||
2017 | 17 | ||||||||
Thereafter | - | ||||||||
$ | 546 | ||||||||
Contingencies | |||||||||
Motech Industries, Inc. (“Motech”) filed a complaint against the Company on November 21, 2011, in the Superior Court of California, County of Sacramento, alleging that the Company breached a November 29, 2010 settlement agreement by failing to make payments set forth therein for products supplied to the Company by Motech. Motech has alleged causes of action for breach of contract and breach of the covenant of good faith and fair dealing seeking to recover a total of $339,544.15 in damages from the Company plus its attorneys’ fees and costs. The Company filed its answer on December 22, 2011 generally denying all of the allegations in Motech’s complaint. Specifically, the Company contended that it had paid Motech in full for all monies owed under the settlement agreement. On January 25, 2013, the Court denied Motech’s motion for summary judgment. During the quarter ended June 30, 2013, the parties settled the dispute and the Company paid a settlement amount to Motech in the amount of $150,000 to resolve the matter in exchange for a mutual release of all claims. | |||||||||
On July 26, 2013, we filed a complaint against Seashore Solar, Inc. and Seashore Solar Development, LLC (collectively “Seashore”) and KDC Solar RTC, LLC (“KDC”) in the Superior Court of New Jersey, Chancery Division, Somerset County, under Docket No. SOM-C-12042-13. This lawsuit relates to a solar power project in Egg Harbor Township, New Jersey (the “project”). We sold solar panels to Seashore for use in the Project. The unpaid portion of the purchase price for the panels is approximately $2,800,000. We also entered into an EPC agreement with Seashore with regard to the Project. Seashore sold the Project to KDC and is no longer in a position to satisfy its obligations under the EPC agreement. We are seeking damages from Seashore for the unpaid solar panels and breach of the EPC agreement. The parties are in the process of negotiating a settlement agreement. The accounts receivable from Seashore Solar, Inc. is fully reserved as of December 31, 2013. | |||||||||
In November 2013, the board of directors of SGT approved a voluntary plan for liquidation. On December 30, 2013, the board of directors of SGT appointed a liquidator. Under Italian regulations, the liquidation process is controlled and carried out by the liquidator and the Company has no ability to exercise influence over SGT. SGT currently has insufficient funds to fund the SGT liquidation process. Under the plan of liquidation the Company is obligated to fund 600,000 Euros as of December 31, 2013 of which LDK is responsible for 100,000 Euros. In the event SGT does not receive additional funds needed to proceed with the liquidation, SGT will likely be forced to file for bankruptcy protection. The Company accrued a liability for 500,000 Euros for the unpaid portion of its obligation to fund SGT’s liquidation at December 31, 2013. | |||||||||
From time to time, the Company is involved in various other legal and regulatory proceedings arising in the normal course of business. While the Company cannot predict the occurrence or outcome of these proceedings with certainty, it does not believe that an adverse result in any pending legal or regulatory proceeding, individually or in the aggregate, would be material to our consolidated financial condition or cash flows; however, an unfavorable outcome could have a material adverse effect on our results of operations for a specific interim period or year. |
Note_17_Operating_Risk_and_Geo
Note 17 - Operating Risk and Geographical Information | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Risks and Uncertainties [Abstract] | ' | ||||||||||||||||
Concentration Risk Disclosure [Text Block] | ' | ||||||||||||||||
17. Operating Risk and Geographical Information | |||||||||||||||||
Concentrations of Credit Risk and Major Customers — A substantial percentage of the Company’s net revenue comes from sales made to a small number of customers to whom sales are typically made on an open account basis. Details of customers accounting for 10% or more of total net revenue for the years ended December 31, 2013 and 2012 are as follows (in thousands): | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Customer | Revenue | % of Total | Revenue | % of Total | |||||||||||||
Revenue | Revenue | ||||||||||||||||
Related party sales, including North Palm Springs Investments LLC* | $ | - | - | % | $ | 35,539 | 36 | % | |||||||||
Taneo Fund Management Company | 13,854 | 32 | % | - | |||||||||||||
KDC Solar Credit LS, LLC | 22,829 | 54 | % | 26,010 | 26 | % | |||||||||||
$ | 36,683 | 86 | % | $ | 61,549 | 62 | % | ||||||||||
* North Palm Springs Investments, LLC is a wholly owned subsidiary of LDK Solar USA, Inc. | |||||||||||||||||
Details of the accounts receivable, net, notes receivable, and costs and estimated earnings in excess of billings on uncompleted contracts and construction in progress from the customers with the largest balances at December 31, 2013 and 2012, respectively are (in thousands): | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Customer | $ | % of Total | $ | % of Total | |||||||||||||
Related party sales, including North Palm Springs Investments LLC* | $ | - | - | % | $ | 11,858 | 11 | % | |||||||||
KDC Solar Credit LS, LLC | 13,668 | 31 | % | 39,993 | 39 | % | |||||||||||
SDL Solar | 7,056 | 16 | % | - | - | % | |||||||||||
Solar Hub | 8,450 | 19 | % | - | - | % | |||||||||||
Taneo Fund Management Company | 8,801 | 20 | % | 16,078 | 16 | ||||||||||||
$ | 37,975 | 86 | % | $ | 67,929 | 66 | % | ||||||||||
* North Palm Springs Investments, LLC is a wholly owned subsidiary of LDK Solar USA, Inc. | |||||||||||||||||
Geographical Information | |||||||||||||||||
Net sales by geographic location are as follows (in thousands): | |||||||||||||||||
Location (a) | 2013 | 2012 | |||||||||||||||
United States | $ | 25,347 | $ | 56,366 | |||||||||||||
Greece | 13,854 | 8,251 | |||||||||||||||
Italy | 3,428 | 35,101 | |||||||||||||||
China | - | 238 | |||||||||||||||
$ | 42,629 | $ | 99,956 | ||||||||||||||
(a) | Sales are attributed to countries based on location of customer. | ||||||||||||||||
Geographic information, which is based upon physical location, for long-lived assets was as follows (in thousands): | |||||||||||||||||
Location | 2013 | 2012 | |||||||||||||||
United States | $ | 11,750 | $ | 12,845 | |||||||||||||
Italy | - | 5,905 | |||||||||||||||
China (including Hong Kong) | 2 | 4 | |||||||||||||||
$ | 11,752 | $ | 18,754 | ||||||||||||||
Note_18_Fair_Value_of_Financia
Note 18 - Fair Value of Financial Instruments | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||
18. Fair Value of Financial Instruments | |||||||||||||||||
The carrying values and fair values of the Company’s financial instruments were as follows (in thousands): | |||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||
Carrying | Fair value | Carrying | Fair value | ||||||||||||||
value | value | ||||||||||||||||
Cash and cash equivalents | $ | 1,031 | $ | 1,031 | $ | 17,823 | $ | 17,823 | |||||||||
Notes receivable, current | 8,450 | 8,450 | 14,120 | $ | 14,120 | ||||||||||||
Notes receivable, noncurrent | 13,668 | 13,668 | - | $ | - | ||||||||||||
Line of credit and Loans Payable | 4,250 | 4,250 | 39,478 | $ | 39,478 | ||||||||||||
The following methods were used to estimate the fair values of other financial instruments: | |||||||||||||||||
Cash and cash equivalents. The carrying amount approximates fair value because of the short maturity of the instruments. The fair value for Cash and cash equivalents were classified in Level 1 of the fair value hierarchy. | |||||||||||||||||
Notes receivable, current, Notes receivable, noncurrent. The fair value of Notes receivable, current were based on anticipated cash flows, which approximates carrying value, and were classified in Level 2 of the fair value hierarchy. The fair value of Notes receivable, noncurrent were classified in Level 3 of the fair value hierarchy. The Company used multiple techniques, including an income approach applying discounted cash flows approach, to measure the fair value using Level 3 inputs; the results of each technique have been reasonably weighted based upon management’s judgment applying qualitative considerations to determine the fair value at the measurement date. | |||||||||||||||||
Line of credit and Loans payable. The carrying amount approximated fair due to the short maturity and their variable market rates of interest that change with current Prime or LIBOR rate and no change in counterparty credit risk and were classified as Level 2 of the fair value hierarchy. |
Note_19_Related_Party_Transact
Note 19 - Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
19. Related Party Transactions | |
In September 2012, SGT transferred its interest in its wholly owned subsidiary, Moiac Solare Srl (“Moiac”), to Terrasol Solar SA (“Terrasol”). Terrasol’s parent, Century Solar Jewel SA is 40% owned by LDK Solar Europe Holding SA, a wholly owned subsidiary of LDK. The total contract value from the EPC agreements for the construction of 641kW solar development projects owned by Moiac is $1.9 million. | |
In June 2012, SGT began construction on multiple solar development projects under EPC agreements with Terrasol. The total contract value from the construction of these solar development projects is $16.1 million. | |
During the year ended December 31, 2013 and 2012, the Company recorded net sales to LDK, NPSLLC and Terrasol of none and $35.5 million, respectively, with a cost of goods sold of none and $32.6 million, respectively, primarily consisting of solar development costs. As of December 31, 2013, accounts receivable from LDK was $3.9 million primarily related to the receivables from solar development projects with and inventory sale to LDK in prior year. As of December 31, 2012, accounts receivable from LDK was $11.9 million primarily related to the receivables from solar development projects with and inventory sale to LDK. | |
As of December 31, 2013 and 2012, the Company had accounts payable to LDK of $50.9 million and $51.8 million, respectively, primarily related to purchases of solar panels for solar development projects. See Note 2 — Going Concern Considerations and Management’s Plan for further discussion related to the accounts payables with LDK. The Company and LDK have agreed to the right of setoff for all intercompany receivables and payables. | |
In June 2013, LDK forgave $2.6 million in indebtedness to provide an injection of capital to SGT to keep their shareholder capital from going negative and triggering liquidity accounting under Italian statutory law. Additionally, the Company deconsolidated net liabilities owned by SGT to LDK of $2.0 million. As LDK is the Company’s parent company, this portion of the deconsolidation was treated as debt forgiveness and a capital transaction recorded as an increase to additional paid in capital. Refer to Note 6 for further details of the SGT deconsolidation. |
Note_20_Subsequent_Events
Note 20 - Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
20. Subsequent Events | |
In February 2014, LDK filed an application for provisional liquidation in the Cayman Islands in connection with its plans to resolve its offshore liquidity issues. | |
In March 2014, the Company received a formal notice of default and demand under the loan documents and forbearance agreement from Cathay Bank which requires the Company to repay the aggregate outstanding principal balance of the loan and unpaid interest. |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Accounting Policies [Abstract] | ' | ||||||||
Consolidation, Policy [Policy Text Block] | ' | ||||||||
Principles of Consolidation – The Consolidated Financial Statements include the accounts of the Company and companies in which the Company has a controlling interest. Intercompany transactions have been eliminated. The equity method of accounting is used for investments in affiliates and other joint ventures over which the Company has significant influence but does not have effective control. Investments in affiliates in which the Company cannot exercise significant influence are accounted for on the cost method. | |||||||||
Management also evaluates whether an interest is a variable interest entity and whether the Company is the primary beneficiary. Consolidation is required if both of these criteria are met. The Company does not have any variable interest entities requiring consolidation. | |||||||||
If the entity is not considered a variable interest entity, it is treated as a voting interest entity, and the Company applies the guidance of ASC 810-20 – “Control of Partnerships and Similar Entities”, in determining whether the entity should be consolidated. The Company does not hold interests in any partnerships or similar entities requiring consolidation. | |||||||||
Equity Method Investments, Policy [Policy Text Block] | ' | ||||||||
Equity Method – Investee companies that are not consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting. Whether or not the Company exercises significant influence with respect to an Investee depends on an evaluation of several factors, including, among others, representation on the Investee company’s board of directors and ownership level. Under the equity method of accounting, an Investee company’s accounts are not reflected within the Company’s Consolidated Balance Sheets and Statements of Operations; however, the Company’s share of the earnings or losses of the Investee company is reflected in the caption ““Equity loss—share of Investee company losses’’ in the Consolidated Statements of Operations since the activities of the investee are closely aligned with the operations of our business segment. The Company’s carrying value in an equity method Investee company is reflected in the caption ““Investment in affiliates’’ in the Company’s Consolidated Balance Sheets. We evaluate our equity method investments whenever events or changes in circumstance indicate that the carrying amounts of such investments may be impaired. If a decline in the value of an equity method investment is determined to be other than temporary, a loss is recorded in earnings in the current period. There were no earnings or losses recorded from our equity method investment. | |||||||||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | ||||||||
Cash and cash equivalents — Cash and cash equivalents include cash on hand, cash accounts, interest bearing savings accounts and all highly liquid investments with original maturities of three months or less, when purchased. | |||||||||
Inventory, Policy [Policy Text Block] | ' | ||||||||
Inventories — Inventories are carried at the lower of cost or market, determined by the first in first out cost method. Work-in-progress and finished goods inventories consist of raw materials, direct labor and overhead associated with the manufacturing process. Provisions are made for obsolete or slow-moving inventories based on management estimates. Inventories are impaired based on the difference between the cost of inventories and the net realizable value based upon estimates about future demand from customers and specific customer requirements on certain projects. Inventory impairment charges establish a new cost basis for inventory and charges are not subsequently reversed to income even if circumstances later suggest that increased carrying amounts are recoverable. Inventory consisted of finished goods at December 31, 2013 and 2012. | |||||||||
Property, Plant and Equipment, Policy [Policy Text Block] | ' | ||||||||
Property, plant and equipment — Property, plant and equipment are recorded at cost, including the cost of improvements. Maintenance and repairs are charged to expense as incurred. Depreciation is recorded on the straight-line method based on the estimated useful lives of the assets as follows: | |||||||||
Machinery (years) | 5 | ||||||||
Furniture, fixtures and equipment (years) | 5 | ||||||||
Computers and software (years) | 3 | — | 5 | ||||||
Equipment acquired under capital leases (years) | 3 | — | 5 | ||||||
Trucks (years) | 3 | ||||||||
Leasehold improvements | The shorter of the estimated life or the lease term | ||||||||
Solar energy facilities (years) | 20 | ||||||||
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | ' | ||||||||
Impairment of long-lived assets — Long-lived assets, such as property, plant and equipment and intangible assets other than goodwill, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized by the amount by which the carrying value of the asset exceeds the fair value of the asset. Assets to be disposed of are separately presented in the balance sheet and reported at the lower of the carrying value or fair value less costs to sell, and are no longer depreciated. | |||||||||
Intangible Assets, Finite-Lived, Policy [Policy Text Block] | ' | ||||||||
Intangible assets other than goodwill — Intangible assets consist of patents and customer relationships. Amortization is recorded on the straight-line method based on the estimated useful lives of the assets. | |||||||||
Revenue Recognition, Policy [Policy Text Block] | ' | ||||||||
Revenue recognition | |||||||||
Product sales — Revenue on product sales is recognized when there is evidence of an arrangement, title and risk of ownership have passed (generally upon delivery), the price to the buyer is fixed or determinable and collectability is reasonably assured. The Company makes determination of our customer’s credit worthiness at the time it accepts their initial order. For cable, wire and mechanical assembly sales, there are no formal customer acceptance requirements or further obligations related to our assembly services once the Company ships its products. Customers do not have a general right of return on products shipped therefore the Company makes no provisions for returns. | |||||||||
Construction contracts — Revenue on photovoltaic system construction contracts is generally recognized using the percentage-of-completion method of accounting, unless we cannot make reasonably dependable estimates of the costs to complete the contract or the contact value is not fixed, in which case we would use the completed contract method. At the end of each period, the Company measures the cost incurred on each project and compares the result against its estimated total costs at completion. The percent of cost incurred determines the amount of revenue to be recognized. Payment terms are generally defined by the contract and as a result may not match the timing of the costs incurred by the Company and the related recognition of revenue. Such differences are recorded as costs and estimated earnings in excess of billings on uncompleted contracts (an asset account) or billings in excess of costs and estimated earnings on uncompleted contracts (a liability account). For the years ended December 31, 2013 and 2012, nil and $10.8 million of progress payments have been netted against contracts costs disclosed in the account costs and estimated earnings in excess of billings on uncompleted contracts. The Company determines its customer’s credit worthiness at the time the order is accepted. Sudden and unexpected changes in customer’s financial condition could put recoverability at risk. | |||||||||
The percentage-of-completion method requires the use of various estimates, including, among others, the extent of progress towards completion, contract revenues and contract completion costs. Contract revenues and contract costs to be recognized are dependent on the accuracy of estimates, including direct material and labor costs and those indirect costs related to contract performance, such as indirect labor, supplies, tools, repairs, and depreciation costs. The Company has a history of making reasonable estimates of the extent of progress towards completion, contract revenues and contract completion costs. However, due to uncertainties inherent in the estimation process, it is possible that actual contract revenues and completion costs may vary from estimates. Under the completed-contract method, contract costs are recorded to a construction in progress account and cash received are recorded to a liability account during the periods of construction. All revenues, costs, and profits are recognized in operations upon completion of the contract. A contract is considered complete and revenue recognized when all costs except insignificant items have been incurred and final acceptance has been received from the customer and receivables are deemed to be collectible. Provisions for estimated losses on uncompleted contracts, if any, are recognized in the period in which the loss first becomes probable and reasonably estimable. | |||||||||
For those projects where the Company is considered to be the owner, the project is accounted for under the rules of real estate accounting. In the event of a sale, the method of revenue recognition is determined by considering the extent of the buyer’s initial and continuing investment and the nature and the extent of the Company’s continuing involvement. Generally, revenue is recognized at the time of title transfer if the buyer’s investment is sufficient to demonstrate a commitment to pay for the property and the Company does not have a substantial continuing involvement with the property. When continuing involvement is substantial and not temporary, the Company applies the financing method, whereby the asset remains on the balance sheet and the proceeds received are recorded as a financing obligation. When a sale is not recognized due to continuing involvement and the financing method is applied, the Company records revenue and expenses related to the underlying operations of the asset in the Company’s Consolidated Financial Statements. | |||||||||
For any arrangements containing multiple deliverables, the Company analyzes each activity within the sales arrangement to ensure that it adheres to the separation guidelines for multiple-element arrangements. The Company allocates revenue for any transactions involving multiple elements to each unit of accounting based on its best estimate of the selling price, and recognize revenue for each unit of accounting when the revenue recognition criteria have been met. | |||||||||
Construction in Progress — During 2012, the Company entered into EPC arrangements to develop utility-scale SEF’s across Greece and Italy. The Company applied the completed contract method to these arrangements and capitalized all costs related to these projects at December 31, 2012. During the three months ended December 31, 2012, the Company recorded a $2.7 million provision for losses on contracts to costs incurred on the Greek projects that exceeded the discounted present value of the contract, reducing the balance of construction in progress for the Greek projects to $14.7 million as of December 31, 2012. The Greek project was substantially complete at December 31, 2012; however, final acceptance had not yet been received. The project in Italy was still in progress at December 31, 2012 and had a construction in progress balance of $1.4 million. The Company sold the Italy project to a third party buyer in the first quarter of 2013 and revenue of $1.8 million was recognized. During the quarter ended September 30, 2013 the EPC project in Greece met the completion criteria and revenue of $13.9 million was recognized. Construction in progress was none and $16.1 million at December 31, 2013 and 2012, respectively. | |||||||||
Trade and Other Accounts Receivable, Policy [Policy Text Block] | ' | ||||||||
Accounts receivable — The Company grants open credit terms to credit-worthy customers. Terms vary per contract terms and range from 30 to 365 days. Contractually, the Company may charge interest for extended payment terms and require collateral. | |||||||||
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block] | ' | ||||||||
Allowance for doubtful accounts — The Company regularly monitors and assesses the risk of not collecting amounts owed by customers. This evaluation is based upon a variety of factors, including an analysis of amounts current and past due along with relevant history and facts particular to the customer. It requires the Company to make significant estimates, and changes in facts and circumstances could result in material changes in the allowance for doubtful accounts. Changes in allowance for doubtful accounts are as follows (in thousands): | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
Beginning balance | $ | 393 | $ | 115 | |||||
Provision for doubtful accounts | 9,303 | 375 | |||||||
Write-offs | (3,809 | ) | (97 | ) | |||||
$ | 5,887 | $ | 393 | ||||||
Related Party Transactions [Policy Text Block] | 'Related Party Transactions - Products are bought from and sold to related parties at negotiated arms-length prices between the two parties. | ||||||||
Shipping and Handling Cost, Policy [Policy Text Block] | ' | ||||||||
Shipping and handling cost — Shipping and handling costs related to the delivery of finished goods are included in cost of goods sold. During the years ended December 31, 2013 and 2012, shipping and handling costs recorded in cost of goods sold were $0.1 million and $0.6 million, respectively. | |||||||||
Advertising Costs, Policy [Policy Text Block] | ' | ||||||||
Advertising costs — Costs for newspaper, television, radio, and other media and design are expensed as incurred. The Company expenses the production costs of advertising the first time the advertising takes place. The costs for this type of advertising were $0.1 million and $0.1 million during the years ended December 31, 2013 and 2012, respectively. | |||||||||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' | ||||||||
Stock-based compensation — The Company measures the stock-based compensation costs of share-based compensation arrangements based on the grant-date fair value and generally recognizes the costs in the financial statements over the employee requisite service period. For further details, see Note 13 — Stock-based compensation. | |||||||||
Standard Product Warranty, Policy [Policy Text Block] | ' | ||||||||
Product warranties — The Company offers the industry standard of 25 year product warranty for our solar modules and industry standard five years on inverter and balance of system components. Due to the warranty periods, the Company bears the risk of extensive warranty claims long after the Company has shipped product and recognized revenue. In our cable, wire and mechanical assemblies business, historically our warranty claims have not been material. In our solar photovoltaic business, our greatest warranty exposure is in the form of product replacement. Until the third quarter of 2007, the Company purchased its solar panels from third-party suppliers and since the third-party warranties are consistent with industry standards the Company considers its financial exposure to warranty claims immaterial. Certain photovoltaic construction contracts entered into during the year ended December 31, 2007 included provisions under which the Company agreed to provide warranties to the buyer, and during the quarter ended September 30, 2007 and continuing through the fourth quarter of 2010, the Company installed its own manufactured solar panels. As a result, the Company recorded the provision for estimated warranty exposure on these contracts within cost of sales. Since the Company does not have sufficient historical data to estimate its exposure, it looked to its own historical data in combination with historical data reported by other solar system installers and manufacturers. The Company now only installs panels manufactured by unrelated third parties and its parent, LDK. The Company provides LDK’s pass through warranty, and reserve for unreimbursed costs, such as labor, material and transportation costs to replace panels and balance of system components provided by third-party manufacturers. Because we have largely used solar panels purchased from LDK for past projects and will continue to purchase solar panels from LDK, we may be exposed to increased risk that LDK may not perform under its warranties due to LDK’s liquidation and in the event LDK becomes insolvent. | |||||||||
Income Tax, Policy [Policy Text Block] | ' | ||||||||
Income taxes — The Company accounts for income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax reporting bases of assets and liabilities and are measured using enacted tax rates and laws that are expected to be in effect when the differences are expected to reverse. Realization of deferred tax assets is dependent upon future taxable income. A valuation allowance is recognized if it is more likely than not that some portion, or all of a deferred tax asset will not be realized based on the weight of available evidence, including expected future earnings. | |||||||||
The Company recognizes the benefit of uncertain tax positions in its financial statements when it concludes that a tax position is more likely than not to be sustained upon examination based solely on its technical merits. Only after a tax position passes the first step of recognition will measurement be required. Under the measurement step, the tax benefit is measured as the largest amount of benefit that is more likely than not to be realized upon effective settlement. This is determined on a cumulative probability basis. | |||||||||
The Company elects to accrue any interest or penalties related to its uncertain tax positions as part of its income tax expense. | |||||||||
Foreign Currency Transactions and Translations Policy [Policy Text Block] | ' | ||||||||
Foreign Currency — The Consolidated Financial Statements are presented in our reporting currency, U.S. dollars. The functional currency for the subsidiaries in Italy is the Euro. The functional currency for the subsidiaries in The People’s Republic of China is the Renminbi. Accordingly, balance sheets of the foreign subsidiaries are translated into U.S. dollars using the exchange rate in effect at the balance sheet date. Revenues and expenses are translated using the average exchange rates in effect during the period. Translation differences are recorded in accumulated other comprehensive (loss) income as foreign currency translation. Gains or losses on transactions denominated in a currency other than the subsidiaries’ functional currency which arises as a result of changes in foreign exchange rates are recorded as foreign exchange gain or loss in the statements of operations. | |||||||||
Pension and Other Postretirement Plans, Policy [Policy Text Block] | ' | ||||||||
Post-retirement and post-employment benefits — The Company’s subsidiaries which are located in the People’s Republic of China and Italy contribute to a state pension scheme on behalf of its employees. The Company recorded $0.1million and $0.6 million in expense related to its pension contributions for the years ended December 31, 2013 and 2012, respectively. Neither the Company nor its subsidiaries provide any other post-retirement or post-employment benefits. | |||||||||
New Accounting Pronouncements, Policy [Policy Text Block] | ' | ||||||||
Recently Adopted and Recently Issued Accounting Guidance | |||||||||
In February 2013, the FASB issued ASU No. 2013-02, Comprehensive Income—Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which requires entities to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, entities are required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, entities are required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about those amounts. The Company adopted these changes on January 1, 2013. The additional disclosures required by this ASU are described below: | |||||||||
The following table details the activity of the single component that comprises accumulated other comprehensive loss (in thousands). | |||||||||
Foreign currency translation | December 31, | December 31, | |||||||
2013 | 2012 | ||||||||
Foreign currency translation loss arising during the period | $ | (74 | ) | $ | (110 | ) | |||
Less: reclassification to net loss | 172 | - | |||||||
Accumulated other comprehensive income | $ | 98 | $ | (110 | ) | ||||
In March 2013, FASB issued ASU No. 2013-05, Foreign Currency Matters—Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity, which allows an entity to release cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity. The Company adopted these changes on January 1, 2013. The additional disclosures required by this ASU are included in Note 6. | |||||||||
In April 2013, the FASB issued ASU 2013-07, Liquidation Basis of Accounting, which require an entity to use the liquidation basis of accounting to present its financial statements when it determines that liquidation is imminent, unless the liquidation is the same as that under the plan specified in an entity’s governing documents created at its inception. Liquidation is imminent when the likelihood is remote that the entity will return from liquidation and either (a) a plan for liquidation is approved by the person or persons with the authority to make such a plan effective and the likelihood is remote that the execution of the plan will be blocked by other parties or (b) a plan for liquidation is being imposed by other forces (for example, involuntary bankruptcy). These changes become effective for the Company on January 1, 2014. Entities should apply the requirements prospectively from the day that liquidation becomes imminent. Management is currently evaluating the impact of this amendment on the Consolidated Financial Statements. | |||||||||
In July 2013, the FASB issued ASU 2013-11, Income Taxes—Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, which provides that an unrecognized tax benefit, or a portion thereof, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except to the extent that a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date to settle any additional income taxes that would result from disallowance of a tax position, or the tax law does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, then the unrecognized tax benefit should be presented as a liability. These changes become effective for the Company on January 1, 2014. Management does not expect the adoption of these changes to have a material impact on the Consolidated Financial Statements. |
Note_3_Summary_of_Significant_1
Note 3 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Note 3 - Summary of Significant Accounting Policies (Tables) [Line Items] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
PV solar systems | $ | 14,852 | $ | 20,783 | |||||
Plant and machinery | 33 | 33 | |||||||
Furniture, fixtures and equipment | 269 | 388 | |||||||
Computers and software | 1,153 | 1,499 | |||||||
Trucks | - | 44 | |||||||
Leasehold improvements | 4 | 96 | |||||||
16,311 | 22,843 | ||||||||
Less: accumulated depreciation | (4,559 | ) | (4,089 | ) | |||||
$ | 11,752 | $ | 18,754 | ||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
Beginning balance | $ | 393 | $ | 115 | |||||
Provision for doubtful accounts | 9,303 | 375 | |||||||
Write-offs | (3,809 | ) | (97 | ) | |||||
$ | 5,887 | $ | 393 | ||||||
Estimated Useful Lives [Member] | ' | ||||||||
Note 3 - Summary of Significant Accounting Policies (Tables) [Line Items] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
Machinery (years) | 5 | ||||||||
Furniture, fixtures and equipment (years) | 5 | ||||||||
Computers and software (years) | 3 | — | 5 | ||||||
Equipment acquired under capital leases (years) | 3 | — | 5 | ||||||
Trucks (years) | 3 | ||||||||
Leasehold improvements | The shorter of the estimated life or the lease term | ||||||||
Solar energy facilities (years) | 20 |
Note_4_Recently_Adopted_and_Re1
Note 4 - Recently Adopted and Recently Issued Accounting Guidance (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Accounting Changes and Error Corrections [Abstract] | ' | ||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||
Foreign currency translation | December 31, | December 31, | |||||||
2013 | 2012 | ||||||||
Foreign currency translation loss arising during the period | $ | (74 | ) | $ | (110 | ) | |||
Less: reclassification to net loss | 172 | - | |||||||
Accumulated other comprehensive income | $ | 98 | $ | (110 | ) |
Note_6_Deconsolidation_of_SGT_
Note 6 - Deconsolidation of SGT (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Deconsolidation [Abstract] | ' | ||||
Components of Gain on Deconsolidation [Table Text Block] | ' | ||||
Adjust SGT’s negative net assets to zero | $ | 6,127 | |||
Reclassify net liabilities forgiven by LDK to additional paid in capital | (1,980 | ) | |||
Write-off of advance to SGT | (438 | ) | |||
Reclassify cumulative foreign currency translation to the statement of operations | (172 | ) | |||
Gain on deconsolidation | $ | 3,537 |
Note_7_Balance_Sheet_Component1
Note 7 - Balance Sheet Component (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Schedule of Accrued Liabilities [Table Text Block] | ' | ||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
Customer deposits | $ | - | $ | 3,592 | |||||
Capital lease obligation—current portion (1) | - | 689 | |||||||
Product warranty liability—current portion (2) | 200 | 200 | |||||||
Other | 541 | 2,055 | |||||||
$ | 741 | $ | 6,536 |
Note_9_Property_Plant_and_Equi1
Note 9 - Property, Plant and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
PV solar systems | $ | 14,852 | $ | 20,783 | |||||
Plant and machinery | 33 | 33 | |||||||
Furniture, fixtures and equipment | 269 | 388 | |||||||
Computers and software | 1,153 | 1,499 | |||||||
Trucks | - | 44 | |||||||
Leasehold improvements | 4 | 96 | |||||||
16,311 | 22,843 | ||||||||
Less: accumulated depreciation | (4,559 | ) | (4,089 | ) | |||||
$ | 11,752 | $ | 18,754 |
Note_11_Goodwill_and_Other_Int1
Note 11 - Goodwill and Other Intangible Assets (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | ' | ||||||||||||||||||||
Useful Life | Gross | Impairment | Accumulated | Net | |||||||||||||||||
(in months) | Charge | Amortization | |||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||
Patent | 57 | $ | 2,700 | $ | - | $ | (1,568 | ) | $ | 1,132 | |||||||||||
$ | 2,700 | $ | - | $ | (1,568 | ) | $ | 1,132 | |||||||||||||
As of December 31, 2012 | |||||||||||||||||||||
Patent | 57 | $ | 2,700 | $ | - | $ | (997 | ) | $ | 1,703 | |||||||||||
Customer relationships | 33 | 400 | (148 | ) | (252 | ) | - | ||||||||||||||
$ | 3,100 | $ | (148 | ) | $ | (1,249 | ) | $ | 1,703 | ||||||||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | ' | ||||||||||||||||||||
Amount | |||||||||||||||||||||
Year | |||||||||||||||||||||
2014 | $ | 570 | |||||||||||||||||||
2015 | 562 | ||||||||||||||||||||
$ | 1,132 |
Note_12_Stockholders_Equity_Ta
Note 12 - Stockholders' Equity (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | ' | ||||||||||||
Shares | Weighted- | Weighted- | |||||||||||
Average | Average | ||||||||||||
Exercise | Remaining | ||||||||||||
Price Per | Contractual | ||||||||||||
Share | Term | ||||||||||||
Outstanding as of January 1, 2012 | 2,066,302 | 2.91 | 0.91 | ||||||||||
Issued | 300,000 | 0.75 | 3 | ||||||||||
Exercised | - | - | - | ||||||||||
Cancelled/expired | (2,066,302 | ) | 2.91 | - | |||||||||
Outstanding December 31, 2012 | 300,000 | 0.75 | 2.1 | ||||||||||
Issued | - | - | |||||||||||
Exercised | - | - | |||||||||||
Cancelled/expired | - | - | |||||||||||
Outstanding December 31, 2013 | 300,000 | 0.75 | 1.1 | ||||||||||
Exercisable December 31, 2013 | 300,000 | $ | 0.75 | 1.1 |
Note_13_Stockbased_Compensatio1
Note 13 - Stock-based Compensation (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||||||
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | ' | |||||||||||||||||||
For the Years Ended | ||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||
Employee stock options | $ | 575 | $ | 349 | ||||||||||||||||
Restricted stock grants | - | 106 | ||||||||||||||||||
Total stock-based compensation expense | $ | 575 | $ | 455 | ||||||||||||||||
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] | ' | |||||||||||||||||||
For the Years Ended | ||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||
General and administrative | $ | 429 | $ | 394 | ||||||||||||||||
Sales, marketing and customer service | 100 | 57 | ||||||||||||||||||
Engineering, design and product management | 46 | 4 | ||||||||||||||||||
Total stock-based compensation expense | 575 | 455 | ||||||||||||||||||
Tax effect on stock-based compensation expense | — | — | ||||||||||||||||||
Total stock-based compensation expense after income taxes | $ | 575 | $ | 455 | ||||||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | |||||||||||||||||||
For the Years Ended | ||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||
Expected term | 3.75 | 3.75 | ||||||||||||||||||
Risk-free interest rate | 0.95% | - | 1.2% | 0.6% | - | 0.89% | ||||||||||||||
Expected volatility | 106% | - | 118% | 101 | - | 103% | ||||||||||||||
Expected dividend yield | 0% | 0% | ||||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | |||||||||||||||||||
Shares | Weighted- | Weighted- | Aggregate | |||||||||||||||||
Average | Average | Intrinsic | ||||||||||||||||||
Exercise | Remaining | Value | ||||||||||||||||||
Price Per | Contractual | $0 | ||||||||||||||||||
Share | Term | |||||||||||||||||||
Outstanding as of January 1, 2012 | 5,171,500 | $ | 0.56 | |||||||||||||||||
Granted | 2,620,000 | 0.33 | ||||||||||||||||||
Exercised | — | — | ||||||||||||||||||
Forfeited | (1,955,000 | ) | 0.57 | |||||||||||||||||
Outstanding as of December 31, 2012 | 5,836,500 | $ | 0.45 | |||||||||||||||||
Granted | 4,450,000 | 0.06 | ||||||||||||||||||
Exercised | — | — | ||||||||||||||||||
Forfeited | (3,172,250 | ) | 0.47 | |||||||||||||||||
Outstanding as of December 31, 2013 | 7,114,250 | $ | 0.2 | 3.91 | $ | - | ||||||||||||||
Vested and exercisable as of December 31, 2013 | 1,435,500 | $ | 0.46 | 2.26 | $ | - | ||||||||||||||
Vested and expected to vest as of December 31, 2013 | 7,114,250 | $ | 0.2 | 3.91 | $ | - | ||||||||||||||
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | ' | |||||||||||||||||||
Shares | Weighted | Weighted | Aggregate | |||||||||||||||||
Range of | Exercisable | average | average | Intrinsic | ||||||||||||||||
exercise price | remaining | exercise | (000s) | |||||||||||||||||
contractual | price | |||||||||||||||||||
life | ||||||||||||||||||||
$1.24 | - | $1.30 | 150,000 | 1 | $ | 1.25 | $ | - | ||||||||||||
$0.70 | - | $1.23 | 27,000 | 0.24 | 0.74 | - | ||||||||||||||
$0.23 | - | $0.69 | 1,258,500 | 2.53 | 0.36 | - | ||||||||||||||
1,435,500 | 2.26 | $ | 0.46 | $ | - | |||||||||||||||
Schedule of Nonvested Share Activity [Table Text Block] | ' | |||||||||||||||||||
Time-based Options | Restricted Stock | |||||||||||||||||||
Shares | Weighted | Shares | Weighted | |||||||||||||||||
Average | Average | |||||||||||||||||||
Exercise | Grant Date | |||||||||||||||||||
Price | Fair Value | |||||||||||||||||||
Per Share | Per Share | |||||||||||||||||||
Non-vested as of January 1, 2012 | 4,325,000 | $ | 0.41 | - | $ | - | ||||||||||||||
Granted | 2,620,000 | 0.33 | 400,000 | 0.27 | ||||||||||||||||
Vested | (1,187,875 | ) | 0.51 | (400,000 | ) | 0.27 | ||||||||||||||
Forfeited | (1,530,125 | ) | 0.47 | - | - | |||||||||||||||
Non-vested as of December 31, 2012 | 4,227,000 | $ | 0.38 | - | - | |||||||||||||||
Granted | 4,450,000 | 0.06 | - | - | ||||||||||||||||
Vested | (802,750 | ) | 0.41 | - | - | |||||||||||||||
Forfeited | (2,195,500 | ) | 0.64 | - | - | |||||||||||||||
Non-vested as of December 31, 2013 | 5,678,750 | $ | 0.13 | - | $ | - | ||||||||||||||
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | ' | |||||||||||||||||||
Number | Weighted Average | |||||||||||||||||||
of Shares | Grant-Date | |||||||||||||||||||
Fair Value | ||||||||||||||||||||
Restricted stock units at January 1, 2012 | 925,868 | $ | 0.79 | |||||||||||||||||
Granted | 400,000 | 0.27 | ||||||||||||||||||
Forfeited | - | - | ||||||||||||||||||
Restricted stock units at December 31, 2012 | 1,325,868 | 0.63 | ||||||||||||||||||
Granted | - | - | ||||||||||||||||||
Forfeited | - | - | ||||||||||||||||||
Restricted stock units at December 31, 2013 | 1,325,868 | $ | 0.63 |
Note_14_Income_Taxes_Tables
Note 14 - Income Taxes (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Note 14 - Income Taxes (Tables) [Line Items] | ' | ||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
Current: | |||||||||
Federal | $ | - | $ | (46 | ) | ||||
State | 7 | (21 | ) | ||||||
Foreign | 979 | (395 | ) | ||||||
Total current | 986 | (462 | ) | ||||||
Deferred: | |||||||||
Federal | - | - | |||||||
State | - | - | |||||||
Foreign | (173 | ) | 382 | ||||||
Total deferred | (173 | ) | 382 | ||||||
Total provision(benefit) for income taxes | $ | 813 | $ | (80 | ) | ||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
Provision for income taxes at U.S. Federal statutory rate | $ | (11,001 | ) | $ | (8,928 | ) | |||
State taxes, net of federal benefit | 4 | (13 | ) | ||||||
Foreign taxes at different rate | 4,500 | 1,591 | |||||||
Non-deductible expenses | 100 | (68 | ) | ||||||
Valuation allowance | 7,078 | 4,843 | |||||||
Other | (114 | ) | 631 | ||||||
Impairment | 246 | 1,864 | |||||||
$ | 813 | $ | (80 | ) | |||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
Deferred income tax assets: | |||||||||
Net operating loss carry forwards | $ | 25,458 | $ | 17,602 | |||||
Temporary differences due to accrued warranty costs | 684 | 690 | |||||||
Temporary differences due to bonus and vacation accrual | 33 | 94 | |||||||
Temporary differences due to construction in progress | - | 1,316 | |||||||
Other temporary differences | 595 | 142 | |||||||
Allowance for bad debts | 2,474 | 54 | |||||||
Credits | 16 | 16 | |||||||
29,260 | 19,914 | ||||||||
Valuation allowance | (29,260 | ) | (19,914 | ) | |||||
Total deferred income tax assets | - | - | |||||||
Deferred income tax liabilities: | |||||||||
Other temporary differences | - | (173 | ) | ||||||
Total deferred income tax liabilities | - | (173 | ) | ||||||
Net deferred tax (liabilities) assets | $ | - | $ | (173 | ) | ||||
Geographic Regions [Member] | ' | ||||||||
Note 14 - Income Taxes (Tables) [Line Items] | ' | ||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
United States | $ | (20,887 | ) | $ | (20,924 | ) | |||
Foreign | (10,544 | ) | (4,584 | ) | |||||
$ | (31,431 | ) | $ | (25,508 | ) |
Note_16_Commitments_and_Contin1
Note 16 - Commitments and Contingencies (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||
Schedule of Product Warranty Liability [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
Beginning balance - January 1 | $ | 1,537 | $ | 1,679 | |||||
Provision charged to warranty expense | - | 221 | |||||||
Less: warranty claims | - | (363 | ) | ||||||
Ending balance - December 31, | 1,537 | 1,537 | |||||||
Current portion of warranty liability | 200 | 200 | |||||||
Non-current portion of warranty liability | $ | 1,337 | $ | 1,337 | |||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | ' | ||||||||
2014 | $ | 171 | |||||||
2015 | 176 | ||||||||
2016 | 182 | ||||||||
2017 | 17 | ||||||||
Thereafter | - | ||||||||
$ | 546 |
Note_17_Operating_Risk_and_Geo1
Note 17 - Operating Risk and Geographical Information (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Risks and Uncertainties [Abstract] | ' | ||||||||||||||||
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | ' | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Customer | Revenue | % of Total | Revenue | % of Total | |||||||||||||
Revenue | Revenue | ||||||||||||||||
Related party sales, including North Palm Springs Investments LLC* | $ | - | - | % | $ | 35,539 | 36 | % | |||||||||
Taneo Fund Management Company | 13,854 | 32 | % | - | |||||||||||||
KDC Solar Credit LS, LLC | 22,829 | 54 | % | 26,010 | 26 | % | |||||||||||
$ | 36,683 | 86 | % | $ | 61,549 | 62 | % | ||||||||||
2013 | 2012 | ||||||||||||||||
Customer | $ | % of Total | $ | % of Total | |||||||||||||
Related party sales, including North Palm Springs Investments LLC* | $ | - | - | % | $ | 11,858 | 11 | % | |||||||||
KDC Solar Credit LS, LLC | 13,668 | 31 | % | 39,993 | 39 | % | |||||||||||
SDL Solar | 7,056 | 16 | % | - | - | % | |||||||||||
Solar Hub | 8,450 | 19 | % | - | - | % | |||||||||||
Taneo Fund Management Company | 8,801 | 20 | % | 16,078 | 16 | ||||||||||||
$ | 37,975 | 86 | % | $ | 67,929 | 66 | % | ||||||||||
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | ' | ||||||||||||||||
Location (a) | 2013 | 2012 | |||||||||||||||
United States | $ | 25,347 | $ | 56,366 | |||||||||||||
Greece | 13,854 | 8,251 | |||||||||||||||
Italy | 3,428 | 35,101 | |||||||||||||||
China | - | 238 | |||||||||||||||
$ | 42,629 | $ | 99,956 | ||||||||||||||
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block] | ' | ||||||||||||||||
Location | 2013 | 2012 | |||||||||||||||
United States | $ | 11,750 | $ | 12,845 | |||||||||||||
Italy | - | 5,905 | |||||||||||||||
China (including Hong Kong) | 2 | 4 | |||||||||||||||
$ | 11,752 | $ | 18,754 |
Note_18_Fair_Value_of_Financia1
Note 18 - Fair Value of Financial Instruments (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||
Carrying | Fair value | Carrying | Fair value | ||||||||||||||
value | value | ||||||||||||||||
Cash and cash equivalents | $ | 1,031 | $ | 1,031 | $ | 17,823 | $ | 17,823 | |||||||||
Notes receivable, current | 8,450 | 8,450 | 14,120 | $ | 14,120 | ||||||||||||
Notes receivable, noncurrent | 13,668 | 13,668 | - | $ | - | ||||||||||||
Line of credit and Loans Payable | 4,250 | 4,250 | 39,478 | $ | 39,478 |
Note_2_Going_Concern_Considera1
Note 2 - Going Concern Considerations and Management's Plan (Details) (USD $) | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 25, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Subsequent Event [Member] | LDK Solar Co., Ltd. [Member] | LDK Solar Co., Ltd. [Member] | ||||
Cathay Bank [Member] | ||||||
Note 2 - Going Concern Considerations and Management's Plan (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($32,244,000) | ($25,428,000) | ' | ' | ' | ' |
Retained Earnings (Accumulated Deficit) | -56,074,000 | -23,830,000 | ' | ' | ' | ' |
Working Capital | -36,600,000 | 22,400,000 | ' | ' | ' | ' |
Percentage of Common Stock Outstanding Owned by Parent Company | 71.00% | ' | ' | ' | ' | ' |
Accounts Payable, Related Parties | ' | ' | ' | ' | 50,900,000 | 51,800,000 |
Line of Credit Facility, Amount Outstanding | ' | ' | ' | 4,250,000 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | 11.00% | ' | ' |
Cash and Cash Equivalents, at Carrying Value | $1,031,000 | $17,823,000 | $24,523,000 | ' | ' | ' |
Note_3_Summary_of_Significant_2
Note 3 - Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | 3 Months Ended | 3 Months Ended | 4 Months Ended | 12 Months Ended | ||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Mar. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |||
Solar Modules [Member] | Inverter and Balance of System Components [Member] | Greek Projects [Member] | Italy Project [Member] | Sale of Greece Project [Member] | Sale of Greece Project [Member] | Sale of Greece Project [Member] | Minimum [Member] | Maximum [Member] | |||||
Completed Contract Method [Member] | Completed Contract Method [Member] | Completed Contract Method [Member] | |||||||||||
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Proceeds from Customers for Progress Payments | ' | $10,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Loss on Contracts | ' | ' | ' | ' | 2,700,000 | ' | ' | ' | ' | ' | ' | ||
Construction in Progress, Gross | ' | 16,078,000 | ' | ' | 14,700,000 | 1,400,000 | ' | ' | ' | ' | ' | ||
Revenues | 42,629,000 | [1] | 99,956,000 | [1] | ' | ' | ' | ' | 1,800,000 | 13,900,000 | 13,900,000 | ' | ' |
Contract Terms | ' | ' | ' | ' | ' | ' | ' | ' | ' | '30 days | '365 days | ||
Shipping, Handling and Transportation Costs | 100,000 | 600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Advertising Expense | 100,000 | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Warranty Term | ' | ' | '25 years | '5 years | ' | ' | ' | ' | ' | ' | ' | ||
Pension Expense | $100,000 | $600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
[1] | Sales are attributed to countries based on location of customer. |
Note_3_Summary_of_Significant_3
Note 3 - Summary of Significant Accounting Policies (Details) - Property, Plant and Equipment Useful Lives | 12 Months Ended |
Dec. 31, 2013 | |
Plant and Machinery [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Propert, plant and equipment useful life | '5 |
Furniture and Fixtures [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Propert, plant and equipment useful life | '5 |
Computer Equipment [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Propert, plant and equipment useful life | '3 |
Computer Equipment [Member] | Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Propert, plant and equipment useful life | '5 |
Assets Held under Capital Leases [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Propert, plant and equipment useful life | '3 |
Assets Held under Capital Leases [Member] | Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Propert, plant and equipment useful life | '5 |
Trucks [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Propert, plant and equipment useful life | '3 |
Leasehold Improvements [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Propert, plant and equipment useful life | 'The shorter of the estimated life or the lease term |
Solar Energy Facilities [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Propert, plant and equipment useful life | '20 |
Note_3_Summary_of_Significant_4
Note 3 - Summary of Significant Accounting Policies (Details) - Allowance for Doubtful Accounts (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Allowance for Doubtful Accounts [Abstract] | ' | ' |
Balance | $393 | $115 |
Provision for doubtful accounts | 9,303 | 375 |
Write-offs | -3,809 | -97 |
Balance | $5,887 | $393 |
Note_4_Recently_Adopted_and_Re2
Note 4 - Recently Adopted and Recently Issued Accounting Guidance (Details) - Accumulated Other Comprehensive Loss Activity (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Accumulated Other Comprehensive Loss Activity [Abstract] | ' | ' |
Foreign currency translation loss arising during the period | ($74) | ($110) |
Less: reclassification to net loss | 172 | ' |
Accumulated other comprehensive income | $98 | ($110) |
Note_5_Acquisition_of_Solar_Gr1
Note 5 - Acquisition of Solar Green Technology (Details) | 12 Months Ended | 1 Months Ended | |||||
Dec. 31, 2013 | Jun. 27, 2012 | Jul. 31, 2012 | Jun. 27, 2012 | Jul. 31, 2012 | Jun. 27, 2012 | Jun. 27, 2012 | |
Solar Green Technology [Member] | LDK Solar Europe Holding S.A [Member] | LDK Solar Co., Ltd. [Member] | Two Founders of SGT [Member] | Solar Green Technology [Member] | Solar Green Technology [Member] | ||
LDK Solar Europe Holding S.A [Member] | EUR (€) | USD ($) | EUR (€) | ||||
Note 5 - Acquisition of Solar Green Technology (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition, Percentage of Voting Interests Acquired | ' | ' | ' | ' | ' | 100.00% | 100.00% |
Business Acquisition, Cash Payable | ' | ' | ' | ' | ' | $6,300,000 | € 5,000,000 |
Percentage of Common Stock Outstanding Owned by Parent Company | 71.00% | 70.00% | ' | 71.00% | ' | ' | ' |
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | ' | ' | 9,771,223 | ' | 1,814,655 | ' | ' |
Payments to Acquire Businesses, Gross (in Euro) | ' | ' | ' | ' | € 100,000 | ' | ' |
Note_6_Deconsolidation_of_SGT_1
Note 6 - Deconsolidation of SGT (Details) (USD $) | 1 Months Ended | 12 Months Ended | |
Jun. 30, 2013 | Apr. 30, 2013 | Dec. 31, 2013 | |
Note 6 - Deconsolidation of SGT (Details) [Line Items] | ' | ' | ' |
Deconsolidation, Gain (Loss), Amount | ' | ' | $3,537,000 |
Deconsolidation. Net Liabilities | 2,000,000 | 2,000,000 | 2,000,000 |
Solar Green Technology [Member] | ' | ' | ' |
Note 6 - Deconsolidation of SGT (Details) [Line Items] | ' | ' | ' |
Deconsolidation, Gain (Loss), Amount | ' | ' | 3,537,000 |
Deconsolidation. Net Liabilities | ' | ' | 1,980,000 |
Equity Method Investments, Fair Value Disclosure | ' | ' | $0 |
Note_6_Deconsolidation_of_SGT_2
Note 6 - Deconsolidation of SGT (Details) - Components of Gain on Deconsolidation (USD $) | 1 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Apr. 30, 2013 | Dec. 31, 2013 |
Note 6 - Deconsolidation of SGT (Details) - Components of Gain on Deconsolidation [Line Items] | ' | ' | ' |
Reclassify net liabilities forgiven by LDK to additional paid in capital | ($2,000) | ($2,000) | ($2,000) |
Gain on deconsolidation | ' | ' | 3,537 |
Solar Green Technology [Member] | ' | ' | ' |
Note 6 - Deconsolidation of SGT (Details) - Components of Gain on Deconsolidation [Line Items] | ' | ' | ' |
Adjust SGT’s negative net assets to zero | ' | ' | 6,127 |
Reclassify net liabilities forgiven by LDK to additional paid in capital | ' | ' | -1,980 |
Write-off of advance to SGT | ' | ' | -438 |
Reclassify cumulative foreign currency translation to the statement of operations | ' | ' | -172 |
Gain on deconsolidation | ' | ' | $3,537 |
Note_7_Balance_Sheet_Component2
Note 7 - Balance Sheet Component (Details) - Accrued Liabilities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Accrued Liabilities [Abstract] | ' | ' | ||
Customer deposits | ' | $3,592 | ||
Capital lease obligation—current portion (1) | ' | [1] | 689 | [1] |
Product warranty liability—current portion (2) | 200 | [2] | 200 | [2] |
Other | 541 | 2,055 | ||
$741 | $6,536 | |||
[1] | The noncurrent portion of the capital lease obligation is recorded in financing and capital lease obligations, net of current portion. | |||
[2] | The noncurrent portion of the product warranty liability is recorded in other liabilities. |
Note_8_Accounts_and_Notes_Rece1
Note 8 - Accounts and Notes Receivable (Details) (USD $) | 12 Months Ended | 3 Months Ended | 4 Months Ended | 12 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | ||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Mar. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Apr. 27, 2012 | Jun. 08, 2012 | Dec. 31, 2013 | |||
Sale of Greece Project [Member] | Sale of Greece Project [Member] | Sale of Greece Project [Member] | Sale of Greece Project [Member] | Second Unrealated Customer [Member] | Second Unrealated Customer [Member] | Second Unrealated Customer [Member] | EPC Contract [Member] | EPC Contract [Member] | Exchange and Release Agreement [Member] | Exchange and Release Agreement [Member] | Exchange and Release Agreement [Member] | Solar Hub Utilities, LLC [Member] | Solar Hub Utilities, LLC [Member] | Solar Hub Utilities, LLC [Member] | Solar Hub Utilities, LLC [Member] | Solar Hub Utilities, LLC [Member] | Mountain Creek Project [Member] | |||||
Completed Contract Method [Member] | Completed Contract Method [Member] | Completed Contract Method [Member] | Expected Collection Period [Member] | Expected Collection Period [Member] | KDC Solar RTC, LLC [Member] | KDC Solar RTC, LLC [Member] | KDC Solar RTC, LLC [Member] | Maximum [Member] | Exchange and Release Agreement [Member] | |||||||||||||
London Interbank Offered Rate (LIBOR) [Member] | KDC Solar RTC, LLC [Member] | |||||||||||||||||||||
Note 8 - Accounts and Notes Receivable (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Revenues | $42,629,000 | [1] | $99,956,000 | [1] | ' | $1,800,000 | $13,900,000 | $13,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Accounts Receivable | -11,491,000 | -27,077,000 | 8,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Accounts Receivable Extended Collection Period | ' | ' | '6 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Accrued Liabilities, Current | 741,000 | 6,536,000 | 5,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Accounts Receivable, Net, Current | 6,260,000 | 43,807,000 | 2,200,000 | ' | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Accounts Receivable, Net, Noncurrent | 12,349,000 | ' | 6,600,000 | ' | ' | ' | 5,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Reclassifcation of Account Receivable from Current to Noncurrent | ' | ' | ' | ' | ' | ' | ' | ' | 5,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Accounts Receivable, Collection Term | ' | ' | ' | ' | ' | ' | ' | '1 year | ' | ' | ' | ' | '15 years | ' | ' | ' | ' | ' | ' | ' | ||
Note Receivable, Interest Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | ' | ' | ' | ' | ' | 10.00% | ' | 6.00% | ' | ' | ||
Financing Receivable, Net | 8,450,000 | 14,120,000 | ' | ' | ' | ' | ' | ' | ' | 0 | 7,000,000 | ' | 15,000,000 | ' | 8,400,000 | ' | 7,100,000 | ' | ' | ' | ||
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.60% | ' | ' | ' | ' | ' | ' | ' | ' | ||
Percent Ownership of Counterparty in Exchange for Note Receivable Due | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 64.50% | ||
Notes, Loans and Financing Receivable, Net, Noncurrent | 13,668,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,600,000 | 0 | ' | ' | ' | ' | ' | ' | ||
Financing Receivable, Gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,000,000 | $9,000,000 | ' | ||
[1] | Sales are attributed to countries based on location of customer. |
Note_9_Property_Plant_and_Equi2
Note 9 - Property, Plant and Equipment (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Property, Plant and Equipment [Abstract] | ' | ' |
Capital Leased Assets, Gross | ' | $5,900,000 |
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation | ' | 200,000 |
Depreciation | $1,283,000 | $1,062,000 |
Note_9_Property_Plant_and_Equi3
Note 9 - Property, Plant and Equipment (Details) - Property, Plant and Equipment (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property plant and equipment, gross | $16,311 | $22,843 |
Less: accumulated depreciation | -4,559 | -4,089 |
11,752 | 18,754 | |
PV Solar Systems [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property plant and equipment, gross | 14,852 | 20,783 |
Plant and Machinery [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property plant and equipment, gross | 33 | 33 |
Furniture and Fixtures [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property plant and equipment, gross | 269 | 388 |
Computer Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property plant and equipment, gross | 1,153 | 1,499 |
Trucks [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property plant and equipment, gross | ' | 44 |
Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property plant and equipment, gross | $4 | $96 |
Note_10_Investment_in_Affiliat1
Note 10 - Investment in Affiliates (Details) (USD $) | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Nov. 30, 2013 | |
Exchange and Release Agreement [Member] | KDC Solar RTC, LLC [Member] | Mountain Creek Project [Member] | Mountain Creek Project [Member] | Mountain Creek Project [Member] | Mountain Creek Project [Member] | |||
KDC Solar RTC, LLC [Member] | Exchange and Release Agreement [Member] | Exchange and Release Agreement [Member] | ||||||
KDC Solar RTC, LLC [Member] | ||||||||
Note 10 - Investment in Affiliates (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Net | $8,450,000 | $14,120,000 | $15,000,000 | ' | ' | ' | ' | ' |
Percent Ownership of Counterparty in Exchange for Note Receivable Due | ' | ' | ' | ' | 64.50% | ' | ' | ' |
Percentage of Construction Completed | ' | ' | ' | ' | ' | ' | 25.00% | ' |
Managing Member Interest Percentage | ' | ' | ' | 35.50% | ' | ' | ' | ' |
Investments in and Advances to Affiliates, Balance, Principal Amount | ' | ' | ' | 7,500,000 | ' | ' | ' | ' |
Fair Value Inputs, Discount Rate | 10.00% | ' | ' | ' | ' | ' | ' | ' |
Asset Impairment Charges | 7,500,000 | 6,038,000 | ' | 7,500,000 | ' | ' | ' | ' |
Costs in Excess of Billings | ' | 31,423,000 | ' | ' | ' | 0 | ' | 2,700,000 |
Provision for Loan and Lease Losses | ' | ' | ' | ' | ' | $2,700,000 | ' | ' |
Note_11_Goodwill_and_Other_Int2
Note 11 - Goodwill and Other Intangible Assets (Details) (USD $) | 4 Months Ended | 12 Months Ended | ||
Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2011 | |
Note 11 - Goodwill and Other Intangible Assets (Details) [Line Items] | ' | ' | ' | ' |
Goodwill | ' | $0 | ' | $5,200,000 |
Goodwill, Impairment Loss | 5,200,000 | ' | ' | ' |
Impairment of Intangible Assets, Finite-lived | ' | 148,000 | ' | ' |
Finite-Lived Intangible Assets, Net | ' | 1,703,000 | 1,132,000 | ' |
Solar Power Inc. [Member] | ' | ' | ' | ' |
Note 11 - Goodwill and Other Intangible Assets (Details) [Line Items] | ' | ' | ' | ' |
Goodwill | ' | ' | ' | $4,700,000 |
Note_11_Goodwill_and_Other_Int3
Note 11 - Goodwill and Other Intangible Assets (Details) - Other Intangible Assets (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible Assets, Gross | $2,700 | $3,100 |
Intangible Assets, Impairment Charge | ' | -148 |
Intangible Assets, Accumulated Amortization | -1,568 | -1,249 |
Intangible Assets, Net | 1,132 | 1,703 |
Patents [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible Assets Estimated Useful Life (in months) | '57 months | '57 months |
Intangible Assets, Gross | 2,700 | 2,700 |
Intangible Assets, Accumulated Amortization | -1,568 | -997 |
Intangible Assets, Net | 1,132 | 1,703 |
Customer Relationships [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible Assets Estimated Useful Life (in months) | ' | '33 months |
Intangible Assets, Gross | ' | 400 |
Intangible Assets, Impairment Charge | ' | -148 |
Intangible Assets, Accumulated Amortization | ' | ($252) |
Note_11_Goodwill_and_Other_Int4
Note 11 - Goodwill and Other Intangible Assets (Details) - Estimated Future Amortization Expense Related to Other Intangible Asset (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Estimated Future Amortization Expense Related to Other Intangible Asset [Abstract] | ' |
2014 | $570 |
2015 | 562 |
$1,132 |
Note_12_Stockholders_Equity_De
Note 12 - Stockholders' Equity (Details) | 1 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 1 Months Ended | |||||||||
Jun. 30, 2013 | Apr. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Feb. 15, 2012 | Dec. 31, 2012 | Feb. 15, 2012 | Dec. 31, 2012 | Jun. 08, 2012 | Jun. 12, 2012 | Jul. 31, 2012 | Jul. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Feb. 15, 2012 | Jul. 31, 2012 | Jul. 31, 2012 | |
USD ($) | USD ($) | USD ($) | USD ($) | Common Stock [Member] | Common Stock [Member] | Warrant [Member] | Warrant [Member] | Director [Member] | Director [Member] | LDK Solar Europe Holding S.A [Member] | Two Founders of SGT [Member] | Cathay Bank [Member] | Cathay Bank [Member] | Cathay Bank [Member] | Solar Green Technology [Member] | Solar Green Technology [Member] | |
Cathay Bank [Member] | Cathay Bank [Member] | Cathay Bank [Member] | 2006 Equity Incentive Plan [Member] | 2006 Equity Incentive Plan [Member] | USD ($) | USD ($) | USD ($) | USD ($) | EUR (€) | ||||||||
USD ($) | USD ($) | USD ($) | |||||||||||||||
Note 12 - Stockholders' Equity (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Restricted Stock Award, Gross (in Shares) | ' | ' | ' | ' | ' | 400 | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Share Price (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.27 | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,771,223 | 1,814,655 | ' | ' | ' | ' | ' |
Business Combination, Consideration Transferred | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $6,300,000 | € 5,000,000 |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | ' | ' | ' | ' | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Item) | ' | ' | ' | ' | 0.75 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.75 | ' | ' |
Line of Credit Facility, Amount Outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,250,000 | 4,400,000 | 9,000,000 | ' | ' |
Class of Warrant or Right, Fair-valued Price Per Share (in Dollars per share) | ' | ' | ' | ' | $0.29 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Assumptions, Risk Free Interest Rate | ' | ' | ' | ' | ' | ' | 38.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Assumptions, Expected Volatility Rate | ' | ' | ' | ' | ' | ' | 103.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Assumptions, Expected Dividend Rate | ' | ' | ' | ' | ' | ' | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Assumptions, Expected Term | ' | ' | ' | ' | ' | ' | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allocated Share-based Compensation Expense | ' | ' | 575,000 | 455,000 | ' | ' | ' | 87,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gains (Losses) on Extinguishment of Debt | 2,600,000 | 2,600,000 | 4,582,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deconsolidation. Net Liabilities | $2,000,000 | $2,000,000 | $2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_12_Stockholders_Equity_De1
Note 12 - Stockholders' Equity (Details) - Warrant Activity (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Class of Warrant or Right [Line Items] | ' | ' | ' |
Outstanding, Shares | 5,836,500 | 5,171,500 | ' |
Outstanding, Weighted- Average Exercise Price Per Share | $0.45 | $0.56 | ' |
Outstanding, Weighted- Average Remaining Contractual Term | '3 years 332 days | ' | ' |
Exercisable December 31, 2013 | 1,435,500 | ' | ' |
Exercisable December 31, 2013 | $0.46 | ' | ' |
Exercisable December 31, 2013 | '2 years 94 days | ' | ' |
Issued, Shares | 4,450,000 | 2,620,000 | ' |
Issued, Weighted- Average Exercise Price Per Share | $0.06 | $0.33 | ' |
Issued, Weighted- Average Remaining Contractual Term | '3 years 332 days | ' | ' |
Cacelled/expired, Shares | 0 | 0 | ' |
Outstanding, Shares | 7,114,250 | 5,836,500 | ' |
Outstanding, Weighted- Average Exercise Price Per Share | $0.20 | $0.45 | ' |
Outstanding, Weighted- Average Remaining Contractual Term | '3 years 332 days | ' | ' |
Warrant [Member] | ' | ' | ' |
Class of Warrant or Right [Line Items] | ' | ' | ' |
Outstanding, Shares | 300,000 | ' | 2,066,302 |
Outstanding, Weighted- Average Exercise Price Per Share | $0.75 | ' | $2.91 |
Outstanding, Weighted- Average Remaining Contractual Term | '1 year 36 days | '2 years 36 days | '332 days |
Exercisable December 31, 2013 | 300,000 | ' | ' |
Exercisable December 31, 2013 | $0.75 | ' | ' |
Exercisable December 31, 2013 | '1 year 36 days | ' | ' |
Issued, Shares | ' | 300,000 | ' |
Issued, Weighted- Average Exercise Price Per Share | ' | $0.75 | ' |
Issued, Weighted- Average Remaining Contractual Term | ' | '3 years | ' |
Cacelled/expired, Shares | ' | -2,066,302 | ' |
Cacelled/expired, Weighted- Average Exercise Price Per Share | ' | $2.91 | ' |
Outstanding, Shares | 300,000 | 300,000 | ' |
Outstanding, Weighted- Average Exercise Price Per Share | $0.75 | $0.75 | ' |
Outstanding, Weighted- Average Remaining Contractual Term | '1 year 36 days | '2 years 36 days | '332 days |
Note_13_Stockbased_Compensatio2
Note 13 - Stock-based Compensation (Details) (USD $) | 12 Months Ended | |
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Note 13 - Stock-based Compensation (Details) [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | '5 years | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | '3 years 9 months | '3 years 9 months |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0.00% | 0.00% |
Shares, Outstanding (in Shares) | 198,214,456 | ' |
Class of Warrant or Right, Outstanding (in Shares) | 300,000 | ' |
Share-based Compensation Arrangement by Share-based Payment Award Option Exercise Price Threshold Percent | 100.00% | ' |
Minimum Shareholder Percent | 10.00% | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | $0.60 | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | '3 years 73 days | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value (in Dollars) | $0.70 | $0.50 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in Shares) | 0 | 0 |
Stockholder With Greater Than 10% Shareholding [Member] | ' | ' |
Note 13 - Stock-based Compensation (Details) [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award Option Exercise Price Threshold Percent | 110.00% | ' |
Performance Shares [Member] | ' | ' |
Note 13 - Stock-based Compensation (Details) [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | '5 years | ' |
Time-based Options [Member] | ' | ' |
Note 13 - Stock-based Compensation (Details) [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% | ' |
Time-based Options [Member] | Minimum [Member] | ' | ' |
Note 13 - Stock-based Compensation (Details) [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | '3 years | ' |
Time-based Options [Member] | Maximum [Member] | ' | ' |
Note 13 - Stock-based Compensation (Details) [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | '5 years | ' |
2006 Equity Incentive Plan [Member] | ' | ' |
Note 13 - Stock-based Compensation (Details) [Line Items] | ' | ' |
Reserved Share, Percentage of Outstanding Shares | 9.00% | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares) | 2,000,000 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares) | 10,370,106 | ' |
Minimum [Member] | ' | ' |
Note 13 - Stock-based Compensation (Details) [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '3 years | ' |
Maximum [Member] | ' | ' |
Note 13 - Stock-based Compensation (Details) [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '4 years | ' |
Note_13_Stockbased_Compensatio3
Note 13 - Stock-based Compensation (Details) - Consolidated Stock-Based Compensation Expense, by Type of Awards (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Stock-based compensation expense | $575,000 | $455,000 |
Employee Stock Option [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Stock-based compensation expense | 575,000 | 349,000 |
Restricted Stock [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Stock-based compensation expense | ' | 106,000 |
Stock Compensation Plan [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Stock-based compensation expense | $575,000 | $455,000 |
Note_13_Stockbased_Compensatio4
Note 13 - Stock-based Compensation (Details) - Consolidated Stock-Based Compensation by Line Items (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' |
Stock-based compensation expense | $575,000 | $455,000 |
Total stock-based compensation expense after income taxes | 575,000 | 455,000 |
General and Administrative Expense [Member] | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' |
Stock-based compensation expense | 429,000 | 394,000 |
Selling and Marketing Expense [Member] | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' |
Stock-based compensation expense | 100,000 | 57,000 |
Engineering Design and Product Development [Member] | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' |
Stock-based compensation expense | $46,000 | $4,000 |
Note_13_Stockbased_Compensatio5
Note 13 - Stock-based Compensation (Details) - Assumptions Used in the Determination of Fair Value of Share-Based Payment Awards | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Note 13 - Stock-based Compensation (Details) - Assumptions Used in the Determination of Fair Value of Share-Based Payment Awards [Line Items] | ' | ' |
Expected term | '3 years 9 months | '3 years 9 months |
Expected dividend yield | 0.00% | 0.00% |
Minimum [Member] | ' | ' |
Note 13 - Stock-based Compensation (Details) - Assumptions Used in the Determination of Fair Value of Share-Based Payment Awards [Line Items] | ' | ' |
Risk-free interest rate | 0.95% | 0.60% |
Expected volatility | 106.00% | 101.00% |
Maximum [Member] | ' | ' |
Note 13 - Stock-based Compensation (Details) - Assumptions Used in the Determination of Fair Value of Share-Based Payment Awards [Line Items] | ' | ' |
Risk-free interest rate | 1.20% | 0.89% |
Expected volatility | 118.00% | 103.00% |
Note_13_Stockbased_Compensatio6
Note 13 - Stock-based Compensation (Details) - Stock Option Activities (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Stock Option Activities [Abstract] | ' | ' | ' |
Outstanding | 7,114,250 | 5,836,500 | 5,171,500 |
Outstanding, weighted average exercise price per share | $0.20 | $0.45 | $0.56 |
Outstanding, weighted average remaining contractual term | '3 years 332 days | ' | ' |
Granted | 4,450,000 | 2,620,000 | ' |
Granted, weighted average exercise price per share | $0.06 | $0.33 | ' |
Forfeited | -3,172,250 | -1,955,000 | ' |
Forfeited, weighted average exercise price per share | $0.47 | $0.57 | ' |
Vested and exercisable as of December 31, 2013 | 1,435,500 | ' | ' |
Vested and exercisable as of December 31, 2013 | $0.46 | ' | ' |
Vested and exercisable as of December 31, 2013 | '2 years 94 days | ' | ' |
Vested and expected to vest as of December 31, 2013 | 7,114,250 | ' | ' |
Vested and expected to vest as of December 31, 2013 | $0.20 | ' | ' |
Vested and expected to vest as of December 31, 2013 | '3 years 332 days | ' | ' |
Note_13_Stockbased_Compensatio7
Note 13 - Stock-based Compensation (Details) - Exercise Price and Remaining Life Information about Options Exercisable (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Shares exercisable (in Shares) | 1,435,500 |
Weighted average remaining contractual life | '2 years 94 days |
Weighted average exercise price | $0.46 |
Range 1 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise price range, lower limit | $1.24 |
Exercise price range, upper limit | $1.30 |
Shares exercisable (in Shares) | 150,000 |
Weighted average remaining contractual life | '1 year |
Weighted average exercise price | $1.25 |
Range 2 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise price range, lower limit | $0.70 |
Exercise price range, upper limit | $1.23 |
Shares exercisable (in Shares) | 27,000 |
Weighted average remaining contractual life | '87 days |
Weighted average exercise price | $0.74 |
Range 3 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise price range, lower limit | $0.23 |
Exercise price range, upper limit | $0.69 |
Shares exercisable (in Shares) | 1,258,500 |
Weighted average remaining contractual life | '2 years 193 days |
Weighted average exercise price | $0.36 |
Note_13_Stockbased_Compensatio8
Note 13 - Stock-based Compensation (Details) - Non-Vested Stock Awards (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Note 13 - Stock-based Compensation (Details) - Non-Vested Stock Awards [Line Items] | ' | ' |
Granted | 4,450,000 | 2,620,000 |
Granted, weighted average exercise price per share | $0.06 | $0.33 |
Forfeited | -3,172,250 | -1,955,000 |
Forfeited, weighted average exercise price per share | $0.47 | $0.57 |
Time-based Options [Member] | ' | ' |
Note 13 - Stock-based Compensation (Details) - Non-Vested Stock Awards [Line Items] | ' | ' |
Granted | 4,450,000 | 2,620,000 |
Granted, weighted average exercise price per share | $0.06 | $0.33 |
Vested | -802,750 | -1,187,875 |
Vested, weighted average exercise price per share | $0.41 | $0.51 |
Forfeited | -2,195,500 | -1,530,125 |
Forfeited, weighted average exercise price per share | $0.64 | $0.47 |
Non-vested | 4,227,000 | 4,325,000 |
Non-vested, weighted average exercise price per share | $0.38 | $0.41 |
Non-vested | 5,678,750 | 4,227,000 |
Non-vested, weighted average exercise price per share | $0.13 | $0.38 |
Restricted Stock [Member] | ' | ' |
Note 13 - Stock-based Compensation (Details) - Non-Vested Stock Awards [Line Items] | ' | ' |
Granted | ' | 400,000 |
Granted, weighted average grant date fair value | ' | $0.27 |
Vested | ' | -400,000 |
Vested, weighted average grant date fair value | ' | $0.27 |
Note_13_Stockbased_Compensatio9
Note 13 - Stock-based Compensation (Details) - Restricted Stock Awards (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Note 13 - Stock-based Compensation (Details) - Restricted Stock Awards [Line Items] | ' | ' |
Granted | 4,450,000 | 2,620,000 |
Restricted Stock Units (RSUs) [Member] | ' | ' |
Note 13 - Stock-based Compensation (Details) - Restricted Stock Awards [Line Items] | ' | ' |
Restricted stock units | ' | 925,868 |
Restricted stock units, weighted average grant date fair value | ' | 0.79 |
Granted | ' | 400,000 |
Granted, weighted average grant date fair value | ' | 0.27 |
Restricted stock units | 1,325,868 | 1,325,868 |
Restricted stock units, weighted average grant date fair value | 0.63 | 0.63 |
Note_14_Income_Taxes_Details
Note 14 - Income Taxes (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Income Tax Disclosure [Abstract] | ' | ' |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 35.00% | 35.00% |
Deferred Tax Assets, Operating Loss Carryforwards, Domestic | $56,800,000 | ' |
Deferred Tax Assets, Operating Loss Carryforwards, State and Local | 68,700,000 | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Foreign | 2,800,000 | ' |
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax | 16,000 | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | 9,400,000 | 7,100,000 |
Unrecognized Tax Benefits | $0 | $0 |
Note_14_Income_Taxes_Details_I
Note 14 - Income Taxes (Details) - Income (Loss) Before Provision for Income Taxes by Geographic Locations (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Income (Loss) Before Provision for Income Taxes by Geographic Locations [Abstract] | ' | ' |
United States | ($20,887) | ($20,924) |
Foreign | -10,544 | -4,584 |
($31,431) | ($25,508) |
Note_14_Income_Taxes_Details_T
Note 14 - Income Taxes (Details) - The Provision (Benefit) for Income Taxes (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Current: | ' | ' |
Federal | ' | ($46) |
State | 7 | -21 |
Foreign | 979 | -395 |
Total current | 986 | -462 |
Deferred: | ' | ' |
Foreign | -173 | 382 |
Total deferred | -173 | 382 |
Total provision(benefit) for income taxes | $813 | ($80) |
Note_14_Income_Taxes_Details_T1
Note 14 - Income Taxes (Details) - The Reconciliation Between the Actual Income Tax Expense and Income Tax (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
The Reconciliation Between the Actual Income Tax Expense and Income Tax [Abstract] | ' | ' |
Provision for income taxes at U.S. Federal statutory rate | ($11,001) | ($8,928) |
State taxes, net of federal benefit | 4 | -13 |
Foreign taxes at different rate | 4,500 | 1,591 |
Non-deductible expenses | 100 | -68 |
Valuation allowance | 7,078 | 4,843 |
Other | -114 | 631 |
Impairment | 246 | 1,864 |
$813 | ($80) |
Note_14_Income_Taxes_Details_D
Note 14 - Income Taxes (Details) - Deferred Income Taxes (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred income tax assets: | ' | ' |
Net operating loss carry forwards | $25,458 | $17,602 |
Temporary differences due to accrued warranty costs | 684 | 690 |
Temporary differences due to bonus and vacation accrual | 33 | 94 |
Temporary differences due to construction in progress | ' | 1,316 |
Other temporary differences | 595 | 142 |
Allowance for bad debts | 2,474 | 54 |
Credits | 16 | 16 |
29,260 | 19,914 | |
Valuation allowance | -29,260 | -19,914 |
Deferred income tax liabilities: | ' | ' |
Other temporary differences | ' | -173 |
Total deferred income tax liabilities | ' | -173 |
Net deferred tax (liabilities) assets | ' | ($173) |
Note_15_Line_of_Credit_and_Loa1
Note 15 - Line of Credit and Loans Payable (Details) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 30, 2011 | Dec. 30, 2011 | Dec. 30, 2011 | Dec. 30, 2011 | Dec. 30, 2011 | Dec. 30, 2011 | Dec. 30, 2011 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 26, 2011 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Feb. 15, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
USD ($) | USD ($) | United States of America, Dollars | United States of America, Dollars | United States of America, Dollars | China, Yuan Renminbi | China, Yuan Renminbi | China, Yuan Renminbi | China, Yuan Renminbi | China, Yuan Renminbi | Requirement Not Met [Member] | Line of Credit [Member] | Cathay Bank [Member] | Cathay Bank [Member] | Cathay Bank [Member] | Cathay Bank [Member] | Cathay Bank [Member] | Italian Financial Institutions [Member] | Italian Financial Institutions [Member] | China Development Bank [Member] | China Development Bank [Member] | China Development Bank [Member] | China Development Bank [Member] | China Development Bank [Member] | China Development Bank [Member] | China Development Bank [Member] | China Development Bank [Member] | China Development Bank [Member] | |
Line of Credit [Member] | China Development Bank [Member] | China Development Bank [Member] | Line of Credit [Member] | China Development Bank [Member] | China Development Bank [Member] | China Development Bank [Member] | China Development Bank [Member] | USD ($) | Cathay Bank [Member] | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | EUR (€) | Loans Payable [Member] | First Facility Agreement [Member] | First Facility Agreement [Member] | First Facility Agreement [Member] | Second Facility Agreement [Member] | Second Facility Agreement [Member] | Second Facility Agreement [Member] | Second Facility Agreement [Member] | |||||
China Development Bank [Member] | First Facility Agreement [Member] | Second Facility Agreement [Member] | China Development Bank [Member] | First Facility Agreement [Member] | First Facility Agreement [Member] | Second Facility Agreement [Member] | Second Facility Agreement [Member] | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | CNY | USD ($) | USD ($) | ||||||||||||
USD ($) | USD ($) | USD ($) | CNY | USD ($) | CNY | |||||||||||||||||||||||
Note 15 - Line of Credit and Loans Payable (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Current Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $9,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Percentage of Amount Outstanding to be Extended | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 70.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | 1.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility Profit Covenant | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | ' | ' | ' | 3,600,000 | 15,600,000 | ' | 11,900,000 | 72,150,000 | 12,900,000 | 77,850,000 | ' | ' | ' | ' | ' | 7,000,000 | ' | 5,100,000 | 4,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Floor Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Periodic Payment, Principal | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Amount Outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,250,000 | ' | 4,400,000 | 9,000,000 | 4,400,000 | ' | ' | ' | 0 | 0 | ' | ' | 0 | 27,900,000 | ' |
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.40% | 4.40% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.90% | 9.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Front End Fee Percent | ' | ' | 1.50% | ' | ' | 1.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% |
Repayments of Lines of Credit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,600,000 | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Increase (Decrease), Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,300,000 | 77,850,000 | ' | ' | ' |
Assets, Current | $24,127,000 | $141,014,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $22,600,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Note_16_Commitments_and_Contin2
Note 16 - Commitments and Contingencies (Details) | 3 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 5 Months Ended | |||||||||
Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2013 | Dec. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Nov. 21, 2011 | Dec. 31, 2013 | |
USD ($) | USD ($) | USD ($) | Liquidation Plan [Member] | Liquidation Plan [Member] | Liquidation Plan [Member] | PV Solar Systems [Member] | Solar Modules [Member] | Inverter and Balance of System Components [Member] | Guarantee Obligations [Member] | Guarantee Obligations [Member] | Greystone [Member] | Motech Industries Inc [Member] | Seashore Solar Development [Member] | |
Solar Power Inc. [Member] | LDK Solar Co., Ltd. [Member] | EUR (€) | Solar Tax Partners LLC [Member] | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | ||||||
EUR (€) | EUR (€) | USD ($) | ||||||||||||
Note 16 - Commitments and Contingencies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted Cash and Cash Equivalents, Noncurrent | ' | $400,000 | $400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable Noncontrolling Interest, Equity, Carrying Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' |
Guarantees, Fair Value Disclosure | ' | 100,000 | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,700,000 | 12,900,000 | ' | ' | ' |
Product Liability Accrual, Period Expense | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' |
Warranty Term | ' | ' | ' | ' | ' | ' | ' | '25 years | '5 years | ' | ' | ' | ' | ' |
Operating Leases, Rent Expense | ' | 500,000 | 900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss Contingency, Damages Sought, Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 339,544.15 | 2,800,000 |
Litigation Settlement, Amount | 150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contractual Obligation (in Euro) | ' | ' | ' | 600,000 | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued Liabilities (in Euro) | ' | ' | ' | ' | ' | € 500,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Note_16_Commitments_and_Contin3
Note 16 - Commitments and Contingencies (Details) - The Accrual for Warranty Claims (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2013 | ||
The Accrual for Warranty Claims [Abstract] | ' | ' | ||
Beginning balance - January 1 | $1,679 | $1,537 | ||
Provision charged to warranty expense | 221 | ' | ||
Less: warranty claims | -363 | ' | ||
Ending balance - December 31, | 1,537 | 1,537 | ||
Current portion of warranty liability | 200 | [1] | 200 | [1] |
Non-current portion of warranty liability | $1,337 | $1,337 | ||
[1] | The noncurrent portion of the product warranty liability is recorded in other liabilities. |
Note_16_Commitments_and_Contin4
Note 16 - Commitments and Contingencies (Details) - Future Minimum Payments Under Operating Leases (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Future Minimum Payments Under Operating Leases [Abstract] | ' |
2014 | $171 |
2015 | 176 |
2016 | 182 |
2017 | 17 |
$546 |
Note_17_Operating_Risk_and_Geo2
Note 17 - Operating Risk and Geographical Information (Details) - Concentrations of Credit Risk and Major Customers (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | ||
Concentration Risk [Line Items] | ' | ' | ||
Revenue | $42,629 | $99,956 | ||
Related Party Sales, Including North Palm Springs Investments LLC [Member] | Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Revenue | ' | [1] | 35,539 | [1] |
Revenue, Percentage | ' | [1] | 36.00% | [1] |
Recievables, Percentage | ' | [1] | 36.00% | [1] |
Related Party Sales, Including North Palm Springs Investments LLC [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Revenue, Percentage | ' | [1] | 11.00% | [1] |
Recievables | ' | [1] | 11,858 | [1] |
Recievables, Percentage | ' | [1] | 11.00% | [1] |
Taneo Fund Management Company [Member] | Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Revenue | 13,854 | ' | ||
Revenue, Percentage | 32.00% | ' | ||
Recievables, Percentage | 32.00% | ' | ||
Taneo Fund Management Company [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Revenue, Percentage | 20.00% | 16.00% | ||
Recievables | 8,801 | 16,078 | ||
Recievables, Percentage | 20.00% | 16.00% | ||
KDC Solar Credi tLS LLC [Member] | Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Revenue | 22,829 | 26,010 | ||
Revenue, Percentage | 54.00% | 26.00% | ||
Recievables, Percentage | 54.00% | 26.00% | ||
KDC Solar Credi tLS LLC [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Revenue, Percentage | 31.00% | 39.00% | ||
Recievables | 13,668 | 39,993 | ||
Recievables, Percentage | 31.00% | 39.00% | ||
SDL Solar [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Revenue, Percentage | 16.00% | ' | ||
Recievables | 7,056 | ' | ||
Recievables, Percentage | 16.00% | ' | ||
Solar Hub Utilities, LLC [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Revenue, Percentage | 19.00% | ' | ||
Recievables | 8,450 | ' | ||
Recievables, Percentage | 19.00% | ' | ||
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Revenue | 36,683 | 61,549 | ||
Revenue, Percentage | 86.00% | 62.00% | ||
Recievables, Percentage | 86.00% | 62.00% | ||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | ' | ' | ||
Concentration Risk [Line Items] | ' | ' | ||
Revenue, Percentage | 86.00% | 66.00% | ||
Recievables | $37,975 | $67,929 | ||
Recievables, Percentage | 86.00% | 66.00% | ||
[1] | North Palm Springs Investments, LLC is a wholly owned subsidiary of LDK Solar USA, Inc. |
Note_17_Operating_Risk_and_Geo3
Note 17 - Operating Risk and Geographical Information (Details) - Net Sales by Geographic Location (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | ||
Note 17 - Operating Risk and Geographical Information (Details) - Net Sales by Geographic Location [Line Items] | ' | ' | ||
Net Sales | $42,629 | [1] | $99,956 | [1] |
UNITED STATES | ' | ' | ||
Note 17 - Operating Risk and Geographical Information (Details) - Net Sales by Geographic Location [Line Items] | ' | ' | ||
Net Sales | 25,347 | [1] | 56,366 | [1] |
GREECE | ' | ' | ||
Note 17 - Operating Risk and Geographical Information (Details) - Net Sales by Geographic Location [Line Items] | ' | ' | ||
Net Sales | 13,854 | [1] | 8,251 | [1] |
ITALY | ' | ' | ||
Note 17 - Operating Risk and Geographical Information (Details) - Net Sales by Geographic Location [Line Items] | ' | ' | ||
Net Sales | 3,428 | [1] | 35,101 | [1] |
CHINA | ' | ' | ||
Note 17 - Operating Risk and Geographical Information (Details) - Net Sales by Geographic Location [Line Items] | ' | ' | ||
Net Sales | ' | [1] | $238 | [1] |
[1] | Sales are attributed to countries based on location of customer. |
Note_17_Operating_Risk_and_Geo4
Note 17 - Operating Risk and Geographical Information (Details) - Long-lived Assets by Geographic Location (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 17 - Operating Risk and Geographical Information (Details) - Long-lived Assets by Geographic Location [Line Items] | ' | ' |
Long-lived Assets | $11,752 | $18,754 |
UNITED STATES | ' | ' |
Note 17 - Operating Risk and Geographical Information (Details) - Long-lived Assets by Geographic Location [Line Items] | ' | ' |
Long-lived Assets | 11,750 | 12,845 |
ITALY | ' | ' |
Note 17 - Operating Risk and Geographical Information (Details) - Long-lived Assets by Geographic Location [Line Items] | ' | ' |
Long-lived Assets | ' | 5,905 |
CHINA | ' | ' |
Note 17 - Operating Risk and Geographical Information (Details) - Long-lived Assets by Geographic Location [Line Items] | ' | ' |
Long-lived Assets | $2 | $4 |
Note_18_Fair_Value_of_Financia2
Note 18 - Fair Value of Financial Instruments (Details) - Financial Instruments (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Financial Instruments [Abstract] | ' | ' | ' |
Cash and cash equivalents | $1,031 | $17,823 | $24,523 |
Cash and cash equivalents | 1,031 | 17,823 | ' |
Notes receivable, current | 8,450 | 14,120 | ' |
Notes receivable, current | 8,450 | 14,120 | ' |
Notes receivable, noncurrent | 13,668 | ' | ' |
Notes receivable, noncurrent | 13,668 | ' | ' |
Line of credit and Loans Payable | 4,250 | 39,478 | ' |
Line of credit and Loans Payable | $4,250 | $39,478 | ' |
Note_19_Related_Party_Transact1
Note 19 - Related Party Transactions (Details) (USD $) | 1 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | ||||||
Jun. 30, 2013 | Apr. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | |
Century Solar Jewel SA [Member] | Moiac Solare Srl [Member] | LDK Solar Co., Ltd. [Member] | LDK Solar Co., Ltd. [Member] | LDK Solar Co., Ltd. [Member] | EPC Agreement with Terrasol [Member] | |||||
Note 19 - Related Party Transactions (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | 40.00% | ' | ' | ' | ' | ' |
Revenue from Related Parties | ' | ' | $0 | $35,539,000 | ' | $1,900,000 | ' | ' | ' | $16,100,000 |
Related Party Costs | ' | ' | 0 | 32,617,000 | ' | ' | ' | ' | ' | ' |
Accounts Receivable, Related Parties, Current | ' | ' | 3,905,000 | 11,858,000 | ' | ' | 3,900,000 | ' | 11,900,000 | ' |
Accounts Payable, Related Parties, Current | ' | ' | 50,907,000 | 51,804,000 | ' | ' | ' | 50,900,000 | 51,800,000 | ' |
Gains (Losses) on Extinguishment of Debt | 2,600,000 | 2,600,000 | 4,582,000 | ' | ' | ' | ' | ' | ' | ' |
Deconsolidation. Net Liabilities | $2,000,000 | $2,000,000 | $2,000,000 | ' | ' | ' | ' | ' | ' | ' |