Lighting Science (LSCG) 10-Q 15 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 01, 2017
Document Information [Line Items]
Entity Registrant Name	LIGHTING SCIENCE GROUP CORP
Entity Central Index Key	866,970
Trading Symbol	lscg
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		217,787,020
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 1,755,823	$ 1,911,151
Restricted cash	3,000,000	3,000,000
Accounts receivable, net	5,775,963	4,112,809
Inventories	11,255,124	16,422,382
Prepaid expenses	1,229,804	962,516
Total current assets	23,016,714	26,408,858
Property and equipment, net	611,037	636,238
Intangible assets, net	3,571,538	3,496,169
Pegasus Commitment		40,000
Other long-term assets	106,765	107,430
Total assets	27,306,054	30,688,695
Current liabilities:
Line of credit, net of debt issuance costs	2,168,296	5,785,020
Accounts payable	9,900,546	13,846,007
Accrued expenses	7,525,091	7,162,772
Total current liabilities	19,593,933	26,793,799
Note payable, net of debt issuance costs	29,387,805	28,858,578
Liabilities under derivative contracts	2,418,158	1,048,057
Total other liabilities	31,805,963	29,906,635
Total liabilities	51,399,896	56,700,434
Redeemable preferred stock	563,996,236	543,996,236
Commitments and contingencies
Stockholders' deficit:
Common stock, $.001 par value, authorized 975,000,000 shares, 220,292,020 shares issued as of March 31, 2017 and December 31, 2016, respectively	220,292	220,292
Additional paid-in capital	272,326,554	282,614,569
Accumulated deficit	(855,431,527)	(847,632,139)
Accumulated other comprehensive loss	(1,447,897)	(1,453,197)
Treasury stock, 2,505,000 shares as of March 31, 2017 and December 31, 2016, at cost	(3,757,500)	(3,757,500)
Total stockholders’ deficit	(588,090,078)	(570,007,975)
Total liabilities and stockholders’ deficit	27,306,054	30,688,695
Series H Redeemable Convertible Preferred Stock [Member]
Current liabilities:
Redeemable preferred stock	223,030,110	223,030,110
Series I Redeemable Convertible Preferred Stock [Member]
Current liabilities:
Redeemable preferred stock	114,736,096	114,736,096
Series J Redeemable Convertible Preferred Stock [Member]
Current liabilities:
Redeemable preferred stock	206,124,000	186,124,000
Series K Redeemable Preferred Stock [Member]
Current liabilities:
Redeemable preferred stock	$ 20,106,030	$ 20,106,030

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	975,000,000	975,000,000
Common stock, shares issued (in shares)	220,292,020	220,292,020
Treasury stock, shares (in shares)	2,505,000	2,505,000
Series H Redeemable Convertible Preferred Stock [Member]
Redeemable preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Redeemable preferred stock, shares authorized (in shares)	135,000	135,000
Redeemable preferred stock, shares issued (in shares)	111,514	111,514
Redeemable preferred stock, shares outstanding (in shares)	111,514	111,514
Series I Redeemable Convertible Preferred Stock [Member]
Redeemable preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Redeemable preferred stock, shares authorized (in shares)	90,000	90,000
Redeemable preferred stock, shares issued (in shares)	57,365	57,365
Redeemable preferred stock, shares outstanding (in shares)	57,365	57,365
Series J Redeemable Convertible Preferred Stock [Member]
Redeemable preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Redeemable preferred stock, shares authorized (in shares)	120,000	120,000
Redeemable preferred stock, shares issued (in shares)	103,062	93,062
Redeemable preferred stock, shares outstanding (in shares)	103,062	93,062
Series K Redeemable Preferred Stock [Member]
Redeemable preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Redeemable preferred stock, shares authorized (in shares)	40,000	40,000
Redeemable preferred stock, shares issued (in shares)	20,106	20,106
Redeemable preferred stock, shares outstanding (in shares)	20,106	20,106

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenue	$ 9,337,305	$ 17,098,013
Cost of goods sold	7,355,672	13,619,103
Gross profit	1,981,633	3,478,910
Operating expense:
Selling, distribution and administrative	5,254,249	5,076,064
Research and development	730,334	1,080,999
Restructuring expense	409,199
Depreciation and amortization	139,397	221,073
Total operating expenses	6,533,179	6,378,136
Loss from operations	(4,551,546)	(2,899,226)
Other income (expense):
Interest expense	(1,705,726)	(1,612,446)
Related party interest expense	(138,300)	(138,300)
Increase in fair value of liabilities under derivative contracts	(1,410,101)	(78,734)
Other income, net	6,692	11,018
Total other income (expense)	(3,247,435)	(1,818,462)
Loss before income tax expense	(7,798,981)	(4,717,688)
Income tax expense	407	2,560
Net loss	(7,799,388)	(4,720,248)
Foreign currency translation loss	5,300	(186,162)
Comprehensive loss	$ (7,794,088)	$ (4,906,410)
Parent [Member]
Other income (expense):
Basic and diluted net loss per weighted average common share attributable to controlling stockholders (in dollars per share)	$ (0.04)	$ (0.02)
Basic and diluted weighted average number of common shares outstanding attributable to controlling stockholders (in shares)	375,961,974	327,637,170
Noncontrolling Interest [Member]
Other income (expense):
Basic and diluted net loss per weighted average common share attributable to controlling stockholders (in dollars per share)	$ (0.04)	$ (0.02)
Basic and diluted weighted average number of common shares outstanding attributable to controlling stockholders (in shares)	105,546,568	98,060,244

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Deficit (Unaudited) - 3 months ended Mar. 31, 2017 - USD ($)	Series J Redeemable Convertible Preferred Stock [Member]Common Stock [Member]	Series J Redeemable Convertible Preferred Stock [Member]Additional Paid-in Capital [Member]	Series J Redeemable Convertible Preferred Stock [Member]Retained Earnings [Member]	Series J Redeemable Convertible Preferred Stock [Member]AOCI Attributable to Parent [Member]	Series J Redeemable Convertible Preferred Stock [Member]Treasury Stock [Member]	Series J Redeemable Convertible Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Dec. 31, 2016							220,292,020
Balance at Dec. 31, 2016							$ 220,292	$ 282,614,569	$ (847,632,139)	$ (1,453,197)	$ (3,757,500)	$ (570,007,975)
Issuance of restricted stock and/or options for directors' compensation (in shares)
Issuance of restricted stock and/or options for directors' compensation								(10,046)				(10,046)
Stock based compensation expense (in shares)
Stock based compensation expense								(94,951)				(94,951)
Deemed dividends on Series J Redeemable Convertible Preferred Stock		$ (11,228,855)				$ (11,228,855)
Issuance of Series J Warrants								1,045,837				1,045,837
Net loss									(7,799,388)			(7,799,388)
Foreign currency translation adjustment										5,300		5,300
Balance (in shares) at Mar. 31, 2017							220,292,020
Balance at Mar. 31, 2017							$ 220,292	$ 272,326,554	$ (855,431,527)	$ (1,447,897)	$ (3,757,500)	$ (588,090,078)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net loss	$ (7,799,388)	$ (4,720,248)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	139,397	221,073
Issuance of restricted stock and stock options for directors' compensation	(10,046)	11,903
Stock based compensation expense	(94,951)	544,651
Allowance for doubtful accounts receivable	37,115	(18,321)
Write-down of inventory	138,317
Increase in fair value of derivative contracts	1,410,101	78,734
Amortization of debt issuance costs	530,405	356,989
Medley discount accretion	194,768	194,768
Interest accrued on Medley Term Loan	161,912	155,133
Changes in operating assets and liabilities:
Accounts receivable	(1,700,697)	(2,801,122)
Inventories	5,028,837	4,237,884
Prepaid expenses	(276,465)	143,349
Other current and long-term assets	665	4,828
Accounts payable	(3,945,691)	(4,265,486)
Accrued expenses and other liabilities	356,715	(410,003)
Net cash used in operating activities	(5,829,006)	(6,265,868)
Cash flows from investing activities:
Purchases of property and equipment	(81,772)	(9,675)
Capitalized patents	(107,796)	(144,766)
Net cash used in investing activities	(189,568)	(154,441)
Cash flows from financing activities:
(Payments) to net proceeds from draws on lines of credit and other short-term borrowings	(3,912,615)	4,689,497
Payment of long-term debt		(18,748)
Debt issuance and debt amendment costs	(61,967)
Proceeds from issuance of common stock under equity compensation plans		282
Proceeds from issuance of Series J Redeemable Convertible Preferred Stock and Warrants	10,000,000	3,000,000
Fees incurred on issuance of preferred stock	(183,018)	(20,000)
Net cash provided by financing activities	5,842,400	7,651,031
Effect of exchange rate changes on cash	20,846	(186,162)
Net increase (decrease) in cash	(155,328)	1,044,560
Cash and cash equivalents balance at beginning of period	1,911,151	647,526
Cash and cash equivalents balance at end of period	1,755,823	1,692,086
Supplemental disclosures:
Interest paid during the period	971,050	994,676
Series J Redeemable Convertible Preferred Stock [Member]
Non-cash investing and financing activities:
Deemed dividends	$ 11,228,855	$ 3,807,957

Note 1 - Description of Busines

Note 1 - Description of Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1. Overview Lighting Science Group Corporation (the “Company”) was incorporated in Delaware in 1988 Basis of Financial Statement Presentation The accompanying unaudited condensed consolidated financial statements are presented pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) in accordance with the disclosure requirements for the quarterly report on Form 10 December 31, 2016 three March 31, 2017 may December 31, 2017. December 31, 2016 10 April 14, 2017. The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in the accompanying condensed consolidated financial statements.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note 2. Use of Estimates The preparation of the accompanying condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenue and expenses. Such estimates include the valuation of accounts receivable, inventories, intangible assets and other long-lived assets, legal contingencies, and customer incentives, among others. These estimates and assumptions are based on management’s best estimates and judgments. Management evaluates its estimates and assumptions on an on -going basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Illiquid credit markets, volatile equity, foreign currency and energy markets and declines in consumer spending have combined to increase the uncertainty inherent in such estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in those estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods. Restricted Cash As of March 31, 2017 December 31, 2016, five $3.0 Accounts Receivable The Company records accounts receivable at the invoiced amount when its products are shipped to customers or upon the completion of specific milestone billing requirements. The Company’s receivable balance is recorded net of allowances for amounts not expected to be collected from customers. This allowance for doubtful accounts is the Company’s best estimate of probable credit losses in the Company’s existing accounts receivable. Estimates used in determining the allowance for doubtful accounts are based on historical collection experience, aging of receivables and known collectability issues. The Company writes off accounts receivable when it becomes apparent, based upon age or customer circumstances that such amounts will not be collected. The Company reviews its allowance for doubtful accounts on a quarterly basis. Recovery of bad debt amounts previously written off is recorded as a reduction of bad debt expense in the period the payment is collected. Generally, the Company does not require collateral for its accounts receivable and does not regularly charge interest on past due amounts. As of March 31, 2017 December 31, 2016, $341,000 $324,000, As of March 31, 2017, $2.0 three April 25, 2014 May 2015, Fair Value Measurements The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company determines fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one • Level 1 • Level 2 1 • Level 3 Revenue Recognition The Company records revenue when its products are shipped and title passes to customers. When sales of products are subject to certain customer acceptance terms, revenue from such sales is recognized once these terms have been met. The Company also provides its customers with limited rights of return for non-conforming shipments or product warranty claims. Product Warranties The Company generally provides a five may three March 31, 2017: Warranty liability as of December 31, 2016 $ 2,598,567 Additions to liability 83,999 Less warranty costs (201,772 ) Warranty liability as of March 31, 2017 $ 2,480,794 Recent Accounting Pronouncements Not Yet Adopted Revenue Recognition In May 2014, 2014 09, International Financial Reporting Standards (“IFRS”). The core principle of ASU 2014 09 2014 09 2014 09 annual reporting periods beginning after December 15, 2017, December 15, 2016. Management expects to adopt ASU No. 2014 09 December 15, 2017, 2014 09 Leases In February 2016, 2016 02, 842)”. 2016 02 606, 2016 02 2016 02 2016 02 December 15, 2018, Cash Flows In November 2016, 2016 18, December 15, 2017,

Note 3 - Liquidity and Capital

Note 3 - Liquidity and Capital Resources	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Liquidity and Capital Resources [Text Block]	Note 3. As shown in the condensed consolidated financial statements, the Company has experienced significant historical net losses as well as negative cash flows from operations since its inception, resulting in an accumulated deficit of $855.4 $588.1 March 31, 2017. March 31, 2017, $1.8 $3.0 The Company’s primary sources of liquidity have historically been borrowings from various lenders and sales of the Company’s common stock, par value $0.001 Cash Flows and Operating Results The Company continues to face challenges in its efforts to achieve profitability and positive cash flows from operations. The Company’s ability to continue to meet its obligations in the ordinary course of business is dependent upon establishing profitable operations, which may may The Company’s cash flows were adversely affected by the loss of certain business from its largest customer, The Home Depot, following a 2015 second 2016, As a result of the Company’s historical losses, the Company believes it will likely need to raise additional capital to fund its operations. Sources of additional capital may may may may Joint Venture On March 20, 2017, 15, may $7.65 May 8, 2018. Outstanding Indebtedness The Medley Term Loan is subject to the terms of the Term Loan Agreement, dated February 19, 2014 12 As a condition to Medley’s consent to closing of the Joint Venture transaction, the Company is required to repay $5.0 June 1, 2017. May 8, 2017. The Company had a three $22.5 April 25, 2014 March 31, 2017, $2.2 $3.1 ABL Agreement also requires the Company to maintain certain minimum EBITDA levels . The Company repaid the $1.3 April 25, 2017. Preferred Stock As of March 31, 2017, 103,062 3,000 7 ,000 January 27, 2017 February 3, 2017, April 24, 2017 May 8, 2017, 4,400 10,600 $1,000 $10.0 three March 31, 2017 $15.0 April 24, 2017 May 8, 2017. one 2,650 $0.001 Pursuant to the certificates of designation governing the Company’s Series H Convertible Preferred Stock (“Series H Preferred Stock”) and Series I Convertible Preferred Stock (“Series I Preferred Stock” and, collectively with the Series H Preferred Stock and the Series J Preferred Stock, the “Convertible Preferred Stock”), Pegasus has the right to cause the Company to redeem such shares at any time on or after March 27, 2017 November 14, 2019, November 14, 2019, Depending on whether the Appeal Bond (as defined below) has been drawn or fully released, the Series K Certificate of Designation requires the Company to redeem the outstanding shares of Series K Preferred Stock in the event of a liquidation, dissolution or winding up of the Company or an earlier change of control or “junior security redemption,” which includes events triggering a redemption of the outstanding shares of Convertible Preferred Stock. As of March 31, 2017, $564.0 $31.0 March 31, 2017. Any redemption of the Preferred Stock would be limited to funds legally available therefor under Delaware law. The certificates of designation governing the Preferred Stock provide that if there is not a sufficient amount of cash or surplus available to pay for a redemption of Preferred Stock, then the redemption must be paid out of the remaining assets of the Company. In addition, the certificates of designation governing the Preferred Stock provide that the Company is not permitted or required to redeem any shares of Preferred Stock for so long as such redemption would result in an event of default under the Company’s credit facilities. As of March 31, 2017, 180 Geveran Litigation As discussed further in Note 14, one $25.0 November 30, 2015, , the court presiding over the lawsuit, entered an Order Granting Plaintiff’s Motion for Partial Summary Judgment Under its First Cause of Action for Violation of the Florida Securities and Investment Protection Act (the “Summary Judgment Order”). Accordingly, the Company, with the assistance of Pegasus Fund IV, posted an appeal bond in the amount of $20.1 September 11, 2015 December 4, 2015, December 7, 2015, 20,106.03 one 735 $1,000. $25.0 Management’s Assessment Regarding the Company’s Ability to Continue as a Going Concern In connection with the preparation of the financial statements for the three March 31, 2017, March 31, 2017, 15, 2017 12 15,000 April 24, 2017 May 8, 2017 “Q2 $15.0 April 25, 2017; February 2017; May 8, 2017, 12 November 14, 2019; $13.2 twelve April 12, 2017, April 24, 2017 May 8, 2017, 15. Nonetheless, the Company cannot predict, with certainty, the long-term impact of the actions that it has taken to date in order to generate liquidity, or the potential outcome of the actions that the Company intends to take in the near future, including whether such actions will generate the expected liquidity as currently planned. If the Company continues to experience operating losses and is not able to generate additional liquidity through the actions described above or through some combination of other actions, the Company will need to secure additional sources of funds, which may may

Note 4 - Detail of Certain Bala

Note 4 - Detail of Certain Balance Sheet Accounts	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	Note 4. Inventories Inventories consisted of finished goods as of March 31, 2017 December 31, 2016 $4.9 $5.4 Property and Equipment, Net Property and equipment, net consisted of the following as of the dates indicated: March 31, 2017 December 31, 2016 Leasehold improvements $ 343,149 $ 343,150 Office furniture and equipment 284,986 284,986 Computer hardware and software 7,897,097 7,928,538 Tooling, production and test equipment 4,134,405 4,055,255 Trailers 45,996 45,996 Construction-in-process 31,312 33,787 Total property and equipment 12,736,945 12,691,712 Accumulated depreciation (12,125,908 ) (12,055,474 ) Total property and equipment, net $ 611,037 $ 636,238 Depreciation related to property and equipment was $107,000 $198,000 three March 31, 2017 2016,

Note 5 - Intangible Assets

Note 5 - Intangible Assets	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 5. Intangible assets that have finite lives are amortized over their useful lives. The Company’s intangible assets as of March 31, 2017 December 31, 2016 Cost, Less Impairment Charges Accumulated Amortization Net Book Value Estimated Remaining Useful Life (in years) March 31, 2017: Technology and intellectual property $ 4,016,592 $ (445,054 ) $ 3,571,538 0.9 to 19.7 December 31, 2016: Technology and intellectual property $ 3,908,796 $ (412,628 ) $ 3,496,169 0.9 to 19.7 Total intangible asset amortization expense was $32,000 $23,000 three March 31, 2017 2016,

Note 6 - Debt Issuance Costs

Note 6 - Debt Issuance Costs	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Debt Issuance Costs [Text Block]	Note 6. The Company capitalizes its costs related to the issuance of long-term debt (including amendment fees) and amortizes these costs using the effective interest rate method over the life of the loan. Amortization of debt issuance costs and the accelerated write-off of debt issuance costs in connection with refinancing activities are recorded as a component of interest expense. The Company had net unamortized debt issuance costs of $1.6 $2.1 March 31, 2017 December 31, 2016, $530,000 $357,000 three March 31, 2017 2016, .

Note 7 - Lines of Credit and No

Note 7 - Lines of Credit and Note Payable	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 7. Ares ABL The Ares ABL provided the Company with a maximum borrowing capacity of $22.5 As of March 31, 2017, $3.1 At March 31, 2017 December 31, 2016, March 31, 2017 December 31, 2016 Ares ABL, revolving line of credit $ 2,168,296 $ 6,080,911 Less: Debt issuance costs - $ (295,891 ) Line of credit, net of debt issuance costs 2,168,296 5,785,020 As of March 31, 2017, $1.7 $4.7 one 5.5% March 31, 2017, 6.29%. The Company repaid the outstanding balance of the Ares ABL when it matured on April 25, 2017. Medley Term Loan The Medley Term Loan is a $30.5 three 12% 2% may March 31, 2017, 13.1%. $3.0 $3.0 February 19, 2019. At March 31, 2017 December 31, 2016, March 31, 2017 December 31, 2016 Medley Term Loan $ 31,016,864 $ 30,660,183 Less: Debt issuance costs $ (1,629,059 ) $ (1,801,605 ) Note payable, net of debt issuance costs 29,387,805 28,858,578 For the three March 31, 2017 2016, $195,000 $162,000 $155,000 three March 31, 2017 2016,

Note 8 - Fair Value Measurement

Note 8 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 8. The following table sets forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of March 31, 2017, Fair Value Measurement as of March 31, 2017 Quoted Price in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Level 1 Level 2 Level 3 Liabilities (Recurring): Riverwood Warrants $ - $ - $ 1,067,458 Pegasus Warrant - - 590,000 THD Warrant - - 15,798 Medley Warrants - - 348,601 Pegasus Guaranty Warrants - - 396,301 $ - $ - $ 2,418,158 The following table is a reconciliation of the beginning and ending balances for assets and liabilities that were accounted for at fair value on a recurring basis using Level 3 , as defined in Note 2 , for the three March 31, 2017: Realized and unrealized gains Purchases, sales, Transfers in Balance (losses) included issuances and or out of Balance December 31, 2016 in net loss settlements Level 3 March 31, 2017 Pegasus Commitment $ 40,000 $ (40,000 ) $ - $ - $ - Riverwood Warrants (345,568 ) (721,890 ) - - (1,067,458 ) September 2012 Warrants (40,000 ) 40,000 - - - Pegasus Warrant (191,000 ) (399,000 ) - - (590,000 ) THD Warrant (2,782 ) (13,016 ) - - (15,798 ) Medley Warrants (218,262 ) (130,339 ) - - (348,601 ) Pegasus Guaranty Warrants (250,445 ) (145,856 ) - - (396,301 ) Total $ (1,008,057 ) $ (1,410,101 ) $ - $ - $ (2,418,158 ) The following table is a reconciliation of the beginning and ending balances for assets and liabilities that were accounted for at fair value on a recurring basis using Level 3 three March 31, 2016: Realized and unrealized gains Purchases, sales, Transfers in Balance (losses) included issuances and or out of Balance December 31, 2015 in net loss settlements Level 3 March 31, 2016 Pegasus Commitment $ 214,400 $ (5,600 ) $ - $ - $ 208,800 Riverwood Warrants (1,747,737 ) 1,810 - - (1,745,927 ) September 2012 Warrants (214,400 ) 5,600 - - (208,800 ) Pegasus Warrant (966,000 ) 1,000 - - (965,000 ) THD Warrant (63,635 ) (16,516 ) - - (80,151 ) Medley Warrants (565,776 ) (25,274 ) - - (591,050 ) Pegasus Guaranty Warrants (615,261 ) (39,754 ) - - (655,015 ) Total $ (3,958,409 ) $ (78,734 ) $ - $ - $ (4,037,143 )

Note 9 - Stockholders' Equity

Note 9 - Stockholders' Equity	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	Note 9. For the three March 31, 2017 2016, $2,000 $12,000, three March 31, 2017, $12,000. Warrants for the Purchase of Common Stock As of March 31, 2017, Warrant Holder Reason for Issuance Number of Common Shares Exercise Price Expiration Date Investors in rights offering Series D Warrants 1,535,801 $2.06 to $2.07 March 3, 2022 through April 19, 2022 The Home Depot Purchasing agreement 2,723,756 $0.79 December 31, 2017 Pegasus Riverwood Warrants 18,092,511 Variable May 25, 2022 Aquillian Investments LLC Private Placement Series H 830,508 $1.18 September 25, 2017 Pegasus Pegasus Warrant 10,000,000 Variable May 25, 2022 Investors in Series J Follow-On Offering Series J Warrants 273,114,300 $0.001 January 3, 2019 through February 3, 2022 Medley Medley Warrants 10,000,000 $0.95 February 19, 2024 Pegasus Pegasus Guaranty Warrants 10,000,000 $0.50 February 19, 2024 Pegasus Series K Warrants 14,777,932 $0.12 December 31, 2025 341,074,807

Note 10 - Earning (Loss) Per Sh

Note 10 - Earning (Loss) Per Share	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 10: The Company has two three March 31, 2017 2016, two The following table sets forth the computation of basic and diluted net loss per share of Common Stock: For the Three Months Ended March 31, 2017 2016 Controlling Stockholders Noncontrolling Stockholders Controlling Stockholders Noncontrolling Stockholders Basic and diluted net loss per share: Net loss attributable to common stock $ (6,089,764 ) $ (1,709,624 ) $ (3,632,930 ) $ (1,087,318 ) Deemed dividends related to the Series J Preferred Stock attributable to all shareholders (8,767,492 ) (2,461,363 ) (2,930,787 ) (877,170 ) Undistributed net loss $ (14,857,256 ) $ (4,170,987 ) $ (6,563,717 ) $ (1,964,488 ) Basic and diluted weighted average number of common shares outstanding 375,961,974 105,546,568 327,637,170 98,060,244 Basic and diluted net loss per common share $ (0.04 ) $ (0.04 ) $ (0.02 ) $ (0.02 ) Basic earnings per share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding for the applicable period. The Series J Warrants have an exercise price of $0.001 may 283.8 270.8 three March 31, 2017 2016,

Note 11 - Related Party Transac

Note 11 - Related Party Transactions	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Note 11: Pegasus Capital is an affiliate of Pegasus IV and LSGC Holdings, which are the Company’s largest stockholders. Pegasus beneficially owned approximately 92.5% March 31, 2017. On January 27, 2017 February 3, 2017, 3,000 7,000 January 27, 2017, “2017 $10.0 On February 3, 2017, 45,000 one 3 49,000 three 8,000,000 March 27, 2017, November 14, 2019. February 3, 2017, 18,092,511

Note 12 - Restructuring Expense

Note 12 - Restructuring Expenses	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	Note 12. In February 2017, March 31, 2017 May 31, 2017. three March 31, 2017, $409,000 As of March 31, 2017, Workforce Excess Other Reduction Facilities Exit Costs Total Accrued liability as of December 31, 2016 $ 20,000 $ 241,493 $ 4,200 $ 265,693 Charges 409,199 - - 409,199 Payments (99,837 ) - - (99,837 ) Accrued liability as of March 31, 2017 $ 329,362 $ 241,493 $ 4,200 $ 575,054 The remaining accrual of $575,000 March 31, 2017 December 31, 2017 2018.

Note 13 - Concentrations of Cre

Note 13 - Concentrations of Credit Risk	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	Note 13. For the three March 31, 2017 2016, one 81% 91% As of March 31, 2017 December 31, 2016, one 69% 58%

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 14. The Company is subject to the possibility of loss contingencies arising in its business and such contingencies are accounted for in accordance with ASC Topic 450, third On June 22, 2012, October 30, 2012, 12 17738 (07), nine two $25.0 two The Summary Judgment Order was issued on August 28, 2014 on November 30, 2015. December 4, 2015, $20.1 $20.1 $40.2 March 29, 2016, Although the Company cannot predict the ultimate outcome of this lawsuit, it believes the court’s summary judgment award in favor of Geveran was in error, that the Company will prevail on the appeal and the judgment will be overturned, and that the case will be remanded to the trial court for further proceedings. If the case is remanded to the trial court, the Company believe it has strong defenses against Geveran’s claims. However, in the event that the Company is not successful on appeal, it could be liable for the full amount of the $40.2 The Company believes that, subject to the terms and conditions of the relevant policies (including retention and policy limits), directors’ and officers’ (“D&O”) insurance coverage will be available to cover a substantial majority of its legal fees and costs in this matter. However, insurance coverage may may July 26, 2016, along with certain other related defendants, filed a lawsuit in Delaware state court against its D&O carriers, Liberty Insurance, Starr, and Continental Casualty, seeking a declaratory judgment and damages arising out of the defendant carriers’ breach of their coverage obligations under various applicable D&O policies. Based upon the terms of an indemnification agreement, the Company has also paid, and may The Company was also a defendant in an action brought by GE Lighting Solutions LLC (“GE Lighting”) in Federal District Court for the Northern District of Ohio in or about January 2013. 6,787,999, LED-Based Modular Lamp 6,799,864, High Power LED Power Pack for Spot Module Illumination May 10, 2017, $600,000, four June 1, 2017 December 3, 2018. In April 2015, December 2015, $200,000 $1.7 5% three January 2019 . In addition, the Company may may may may may may may

Note 15 - Subsequent Events

Note 15 - Subsequent Events	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	Note 15. On April 24, 2017 May 8, 2017, 4,400 10,600 2017 $15.0 $1.3 April 25, 2017. The Company made the $5.0 May 8, 2017 . In connection with the closing of the Joint Venture transaction on May 8, 2017, $5.1 51% $2.0 $2.9 May 15, 2017. 49% $7.65 $7.35 first 12

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of the accompanying condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenue and expenses. Such estimates include the valuation of accounts receivable, inventories, intangible assets and other long-lived assets, legal contingencies, and customer incentives, among others. These estimates and assumptions are based on management’s best estimates and judgments. Management evaluates its estimates and assumptions on an on -going basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Illiquid credit markets, volatile equity, foreign currency and energy markets and declines in consumer spending have combined to increase the uncertainty inherent in such estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in those estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restricted Cash As of March 31, 2017 December 31, 2016, five $3.0
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Accounts Receivable The Company records accounts receivable at the invoiced amount when its products are shipped to customers or upon the completion of specific milestone billing requirements. The Company’s receivable balance is recorded net of allowances for amounts not expected to be collected from customers. This allowance for doubtful accounts is the Company’s best estimate of probable credit losses in the Company’s existing accounts receivable. Estimates used in determining the allowance for doubtful accounts are based on historical collection experience, aging of receivables and known collectability issues. The Company writes off accounts receivable when it becomes apparent, based upon age or customer circumstances that such amounts will not be collected. The Company reviews its allowance for doubtful accounts on a quarterly basis. Recovery of bad debt amounts previously written off is recorded as a reduction of bad debt expense in the period the payment is collected. Generally, the Company does not require collateral for its accounts receivable and does not regularly charge interest on past due amounts. As of March 31, 2017 December 31, 2016, $341,000 $324,000, As of March 31, 2017, $2.0 three April 25, 2014 May 2015,
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value Measurements The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company determines fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one • Level 1 • Level 2 1 • Level 3
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition The Company records revenue when its products are shipped and title passes to customers. When sales of products are subject to certain customer acceptance terms, revenue from such sales is recognized once these terms have been met. The Company also provides its customers with limited rights of return for non-conforming shipments or product warranty claims.
Standard Product Warranty, Policy [Policy Text Block]	Product Warranties The Company generally provides a five may three March 31, 2017: Warranty liability as of December 31, 2016 $ 2,598,567 Additions to liability 83,999 Less warranty costs (201,772 ) Warranty liability as of March 31, 2017 $ 2,480,794
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Not Yet Adopted Revenue Recognition In May 2014, 2014 09, International Financial Reporting Standards (“IFRS”). The core principle of ASU 2014 09 2014 09 2014 09 annual reporting periods beginning after December 15, 2017, December 15, 2016. Management expects to adopt ASU No. 2014 09 December 15, 2017, 2014 09 Leases In February 2016, 2016 02, 842)”. 2016 02 606, 2016 02 2016 02 2016 02 December 15, 2018, Cash Flows In November 2016, 2016 18, December 15, 2017,

Note 2 - Summary of Significa23

Note 2 - Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Warranty liability as of December 31, 2016 $ 2,598,567 Additions to liability 83,999 Less warranty costs (201,772 ) Warranty liability as of March 31, 2017 $ 2,480,794

Note 4 - Detail of Certain Ba24

Note 4 - Detail of Certain Balance Sheet Accounts (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Property, Plant and Equipment [Table Text Block]	March 31, 2017 December 31, 2016 Leasehold improvements $ 343,149 $ 343,150 Office furniture and equipment 284,986 284,986 Computer hardware and software 7,897,097 7,928,538 Tooling, production and test equipment 4,134,405 4,055,255 Trailers 45,996 45,996 Construction-in-process 31,312 33,787 Total property and equipment 12,736,945 12,691,712 Accumulated depreciation (12,125,908 ) (12,055,474 ) Total property and equipment, net $ 611,037 $ 636,238

Note 5 - Intangible Assets (Tab

Note 5 - Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Cost, Less Impairment Charges Accumulated Amortization Net Book Value Estimated Remaining Useful Life (in years) March 31, 2017: Technology and intellectual property $ 4,016,592 $ (445,054 ) $ 3,571,538 0.9 to 19.7 December 31, 2016: Technology and intellectual property $ 3,908,796 $ (412,628 ) $ 3,496,169 0.9 to 19.7

Note 7 - Lines of Credit and 26

Note 7 - Lines of Credit and Note Payable (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Debt [Table Text Block]	March 31, 2017 December 31, 2016 Ares ABL, revolving line of credit $ 2,168,296 $ 6,080,911 Less: Debt issuance costs - $ (295,891 ) Line of credit, net of debt issuance costs 2,168,296 5,785,020 March 31, 2017 December 31, 2016 Medley Term Loan $ 31,016,864 $ 30,660,183 Less: Debt issuance costs $ (1,629,059 ) $ (1,801,605 ) Note payable, net of debt issuance costs 29,387,805 28,858,578

Note 8 - Fair Value Measureme27

Note 8 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Fair Value Measurement as of March 31, 2017 Quoted Price in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Level 1 Level 2 Level 3 Liabilities (Recurring): Riverwood Warrants $ - $ - $ 1,067,458 Pegasus Warrant - - 590,000 THD Warrant - - 15,798 Medley Warrants - - 348,601 Pegasus Guaranty Warrants - - 396,301 $ - $ - $ 2,418,158
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Realized and unrealized gains Purchases, sales, Transfers in Balance (losses) included issuances and or out of Balance December 31, 2016 in net loss settlements Level 3 March 31, 2017 Pegasus Commitment $ 40,000 $ (40,000 ) $ - $ - $ - Riverwood Warrants (345,568 ) (721,890 ) - - (1,067,458 ) September 2012 Warrants (40,000 ) 40,000 - - - Pegasus Warrant (191,000 ) (399,000 ) - - (590,000 ) THD Warrant (2,782 ) (13,016 ) - - (15,798 ) Medley Warrants (218,262 ) (130,339 ) - - (348,601 ) Pegasus Guaranty Warrants (250,445 ) (145,856 ) - - (396,301 ) Total $ (1,008,057 ) $ (1,410,101 ) $ - $ - $ (2,418,158 ) Realized and unrealized gains Purchases, sales, Transfers in Balance (losses) included issuances and or out of Balance December 31, 2015 in net loss settlements Level 3 March 31, 2016 Pegasus Commitment $ 214,400 $ (5,600 ) $ - $ - $ 208,800 Riverwood Warrants (1,747,737 ) 1,810 - - (1,745,927 ) September 2012 Warrants (214,400 ) 5,600 - - (208,800 ) Pegasus Warrant (966,000 ) 1,000 - - (965,000 ) THD Warrant (63,635 ) (16,516 ) - - (80,151 ) Medley Warrants (565,776 ) (25,274 ) - - (591,050 ) Pegasus Guaranty Warrants (615,261 ) (39,754 ) - - (655,015 ) Total $ (3,958,409 ) $ (78,734 ) $ - $ - $ (4,037,143 )

Note 9 - Stockholders' Equity (

Note 9 - Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	Warrant Holder Reason for Issuance Number of Common Shares Exercise Price Expiration Date Investors in rights offering Series D Warrants 1,535,801 $2.06 to $2.07 March 3, 2022 through April 19, 2022 The Home Depot Purchasing agreement 2,723,756 $0.79 December 31, 2017 Pegasus Riverwood Warrants 18,092,511 Variable May 25, 2022 Aquillian Investments LLC Private Placement Series H 830,508 $1.18 September 25, 2017 Pegasus Pegasus Warrant 10,000,000 Variable May 25, 2022 Investors in Series J Follow-On Offering Series J Warrants 273,114,300 $0.001 January 3, 2019 through February 3, 2022 Medley Medley Warrants 10,000,000 $0.95 February 19, 2024 Pegasus Pegasus Guaranty Warrants 10,000,000 $0.50 February 19, 2024 Pegasus Series K Warrants 14,777,932 $0.12 December 31, 2025 341,074,807

Note 10 - Earning (Loss) Per 29

Note 10 - Earning (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Three Months Ended March 31, 2017 2016 Controlling Stockholders Noncontrolling Stockholders Controlling Stockholders Noncontrolling Stockholders Basic and diluted net loss per share: Net loss attributable to common stock $ (6,089,764 ) $ (1,709,624 ) $ (3,632,930 ) $ (1,087,318 ) Deemed dividends related to the Series J Preferred Stock attributable to all shareholders (8,767,492 ) (2,461,363 ) (2,930,787 ) (877,170 ) Undistributed net loss $ (14,857,256 ) $ (4,170,987 ) $ (6,563,717 ) $ (1,964,488 ) Basic and diluted weighted average number of common shares outstanding 375,961,974 105,546,568 327,637,170 98,060,244 Basic and diluted net loss per common share $ (0.04 ) $ (0.04 ) $ (0.02 ) $ (0.02 )

Note 12 - Restructuring Expen30

Note 12 - Restructuring Expenses (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	Workforce Excess Other Reduction Facilities Exit Costs Total Accrued liability as of December 31, 2016 $ 20,000 $ 241,493 $ 4,200 $ 265,693 Charges 409,199 - - 409,199 Payments (99,837 ) - - (99,837 ) Accrued liability as of March 31, 2017 $ 329,362 $ 241,493 $ 4,200 $ 575,054

Note 2 - Summary of Significa31

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Allowance for Doubtful Accounts Receivable	$ 341,000	$ 324,000
Product Warranty Period	5 years
Medley Term Loan [Member] | Medley Capital Corporation [Member]
Debt Instrument, Term	5 years	5 years
Medley Term Loan [Member] | Medley Capital Corporation [Member] | Minimum [Member]
Restricted Cash and Cash Equivalents, Current	$ 3,000,000	$ 3,000,000
Ares ABL Agreeement [Member] | Revolving Credit Facility [Member]
Debt Instrument, Term	3 years
Debt Instrument, Collateral Amount	$ 2,000,000

Note 2 - Summary of Significa32

Note 2 - Summary of Significant Accounting Policies - Summary of Warranty Provision (Details)	3 Months Ended
	Mar. 31, 2017USD ($)
Warranty liability	$ 2,598,567
Additions to liability	83,999
Less warranty costs	(201,772)
Warranty liability	$ 2,480,794

Note 3 - Liquidity and Capita33

Note 3 - Liquidity and Capital Resources (Details Textual) - USD ($)

May 08, 2017

May 08, 2017

May 01, 2017

Apr. 25, 2017

Apr. 24, 2017

Mar. 20, 2017

Feb. 03, 2017

Feb. 03, 2017

Jan. 27, 2017

Nov. 30, 2015

Jun. 22, 2012

May 08, 2017

Mar. 31, 2017

Dec. 31, 2016

Mar. 31, 2016

Dec. 31, 2015

Apr. 25, 2014

Retained Earnings (Accumulated Deficit)

$ (855,431,527)

$ (847,632,139)

Stockholders' Equity Attributable to Parent

(588,090,078)

(570,007,975)

Cash and Cash Equivalents, at Carrying Value

$ 1,755,823

$ 1,911,151

$ 1,692,086

$ 647,526

Common Stock, Par or Stated Value Per Share

$ 0.001

$ 0.001

Line of Credit, Current

$ 2,168,296

$ 5,785,020

Preferred Stock, Redemption Amount

564,000,000

Debt, Long-term and Short-term, Combined Amount

$ 31,000,000

Geveran Case [Member]

Loss Contingency, Damages Sought, Value

$ 25,000,000

Appeal Bond, Amount

$ 20,100,000

Series J Warrants [Member]

Class of Warrant or Right, Exercise Price of Warrants or Rights

$ 0.001

Majority Shareholder [Member]

Maximum Amount Committed to Fund Operations and Debt Service Requirements By Controlling Stakeholder

$ 13,200,000

Series J Redeemable Convertible Preferred Stock [Member]

Convertible Preferred Stock, Shares Issued upon Conversion

1

Series J Redeemable Convertible Preferred Stock [Member] | Series J Warrants [Member]

Class of Warrant or Right, Number of Securities Called by Each Warrant or Right

2,650

Class of Warrant or Right, Exercise Price of Warrants or Rights

$ 0.001

Series J Redeemable Convertible Preferred Stock [Member] | Holdings III [Member ]

Stock Issued During Period, Shares, New Issues

7,000

3,000

103,062

Shares Issued, Price Per Share

$ 1,000

$ 1,000

$ 1,000

Proceeds from Issuance of Redeemable Preferred Stock

$ 10,000,000

$ 10,000,000

Series K Redeemable Preferred Stock [Member]

Shares Issued, Price Per Share

$ 1,000

Convertible Preferred Stock, Shares Issued upon Conversion

1

Series K Redeemable Preferred Stock [Member] | Series K Warrants [Member]

Class of Warrant or Right, Number of Securities Called by Each Warrant or Right

735

Series K Redeemable Preferred Stock [Member] | Pegasus Fund IV [Member]

Security Units Issued

20,106.03

Subsequent Event [Member] | Series J Redeemable Convertible Preferred Stock [Member] | Holdings III [Member ]

Stock Issued During Period, Shares, New Issues

15,000

10,600

4,400

Shares Issued, Price Per Share

$ 1,000

Proceeds from Issuance of Redeemable Preferred Stock

$ 15,000,000

$ 15,000,000

LSG MLS JV Holdings, Inc. [Member] | Global Value Lighting, LLC [Member]

Maximum Payments for Additional Capital Contributions in an Joint Venture After the Determination of the Board of Managers

$ 7,650,000

LSG MLS JV Holdings, Inc. [Member] | Global Value Lighting, LLC [Member] | Subsequent Event [Member]

Maximum Payments for Additional Capital Contributions in an Joint Venture After the Determination of the Board of Managers

$ 7,650,000

Medley Term Loan [Member] | Medley Capital Corporation [Member]

Debt Instrument, Term

5 years

5 years

Medley Term Loan [Member] | Medley Capital Corporation [Member] | Subsequent Event [Member]

Repayments of Debt

$ 5,000,000

Medley Term Loan [Member] | Medley Capital Corporation [Member] | Minimum [Member]

Restricted Cash and Cash Equivalents, Current

$ 3,000,000

$ 3,000,000

Medley Term Loan [Member] | Medley Capital Corporation [Member] | Minimum [Member] | Scenario, Forecast [Member]

Repayments of Debt

$ 5,000,000

Ares ABL Agreeement [Member] | Revolving Credit Facility [Member]

Debt Instrument, Term

3 years

Line of Credit Facility, Maximum Borrowing Capacity

$ 22,500,000

Line of Credit, Current

$ 2,200,000

Line of Credit Facility, Remaining Borrowing Capacity

$ 3,100,000

Ares ABL Agreeement [Member] | Revolving Credit Facility [Member] | Subsequent Event [Member]

Repayments of Debt

$ 1,300,000

Note 4 - Detail of Certain Ba34

Note 4 - Detail of Certain Balance Sheet Accounts (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Inventory Valuation Reserves	$ 4,900,000		$ 5,400,000
Depreciation	$ 107,000	$ 198,000

Note 4 - Detail of Certain Ba35

Note 4 - Detail of Certain Balance Sheet Accounts - Summary of Property and Equipment (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Total property and equipment	$ 12,736,945	$ 12,691,712
Accumulated depreciation	(12,125,908)	(12,055,474)
Total property and equipment, net	611,037	636,238
Leasehold Improvements [Member]
Total property and equipment	343,149	343,150
Office, Furniture and Equipment [Member]
Total property and equipment	284,986	284,986
Computer Hardware and Software [Member]
Total property and equipment	7,897,097	7,928,538
Tooling, Production and Test Equipment [Member]
Total property and equipment	4,134,405	4,055,255
Trailers [Member]
Total property and equipment	45,996	45,996
Construction in Progress [Member]
Total property and equipment	$ 31,312	$ 33,787

Note 5 - Intangible Assets (Det

Note 5 - Intangible Assets (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Amortization of Intangible Assets	$ 32,000	$ 23,000

Note 5 - Intangible Assets - Su

Note 5 - Intangible Assets - Summary of Intangible Assets (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Intangible assets, net	$ 3,571,538	$ 3,496,169
Technology and Intellectual Property [Member]
Cost, Less Impairment Charges	4,016,592	3,908,796
Accumulated Amortization	(445,054)	(412,628)
Intangible assets, net	$ 3,571,538	$ 3,496,169
Technology and Intellectual Property [Member] | Minimum [Member]
Estimated Remaining Useful Life (Year)	328 days	328 days
Technology and Intellectual Property [Member] | Maximum [Member]
Estimated Remaining Useful Life (Year)	19 years 255 days	19 years 255 days

Note 6 - Debt Issuance Costs (D

Note 6 - Debt Issuance Costs (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Debt Issuance Costs, Net	$ 1,600,000		$ 2,100,000
Amortization of Debt Issuance Costs	$ 530,405	$ 356,989

Note 7 - Lines of Credit and 39

Note 7 - Lines of Credit and Note Payable (Details Textual) - USD ($)	Feb. 19, 2014	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Apr. 25, 2014
Amortization of Debt Discount (Premium)		$ 194,768	$ 194,768
Debt Instrument, Increase, Accrued Interest		(161,912)	$ (155,133)
Ares ABL Agreeement [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 22,500,000
Line of Credit Facility, Remaining Borrowing Capacity		3,100,000
Debt Instrument, Collateral Amount		$ 2,000,000
Debt Instrument, Interest Rate, Effective Percentage		6.29%
Long-term Debt, Gross		$ 2,168,296		$ 6,080,911
Ares ABL Agreeement [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		5.50%
Ares ABL Agreeement [Member] | Revolving Credit Facility [Member] | Accounts Receivable [Member]
Debt Instrument, Collateral Amount		$ 1,700,000
Ares ABL Agreeement [Member] | Revolving Credit Facility [Member] | Inventories [Member]
Debt Instrument, Collateral Amount		4,700,000
Medley Term Loan [Member]
Long-term Debt, Gross		$ 31,016,864		30,660,183
Medley Term Loan [Member] | Medley Capital Corporation [Member]
Debt Instrument, Interest Rate, Effective Percentage		13.10%
Long-term Debt, Gross	$ 30,500,000
Accrued Interest Rate of Loan	2.00%
Medley Term Loan [Member] | Medley Capital Corporation [Member] | Minimum [Member]
Restricted Cash and Cash Equivalents, Current		$ 3,000,000		$ 3,000,000
Medley Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | Medley Capital Corporation [Member]
Debt Instrument, Basis Spread on Variable Rate	12.00%

Note 7 - Lines of Credit and 40

Note 7 - Lines of Credit and Note Payable - Borrowings Outstanding Under the Ares ABL and Medley Term Loan (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Less: Debt issuance costs	$ (1,600,000)	$ (2,100,000)
Ares ABL Agreeement [Member] | Revolving Credit Facility [Member]
Carrying amount	2,168,296	6,080,911
Less: Debt issuance costs		(295,891)
Net of debt issuance costs	2,168,296	5,785,020
Medley Term Loan [Member]
Carrying amount	31,016,864	30,660,183
Less: Debt issuance costs	(1,629,059)	(1,801,605)
Net of debt issuance costs	$ 29,387,805	$ 28,858,578

Note 8 - Fair Value Measureme41

Note 8 - Fair Value Measurements - Financial Assets and Liabilities Accounted for at Fair Value on a Recurring Basis (Details) - Fair Value, Measurements, Recurring [Member]	Mar. 31, 2017USD ($)
Fair Value, Inputs, Level 1 [Member]
Liabilities, Fair Value Disclosure, Recurring
Fair Value, Inputs, Level 1 [Member] | Riverwood Warrants [Member]
Liabilities, Fair Value Disclosure, Recurring		[1]
Fair Value, Inputs, Level 1 [Member] | Pegasus Warrant [Member]
Liabilities, Fair Value Disclosure, Recurring
Fair Value, Inputs, Level 1 [Member] | THD Warrants [Member]
Liabilities, Fair Value Disclosure, Recurring
Fair Value, Inputs, Level 1 [Member] | Medley Warrants [Member]
Liabilities, Fair Value Disclosure, Recurring
Fair Value, Inputs, Level 1 [Member] | Pegasus Guaranty Warrants [Member]
Liabilities, Fair Value Disclosure, Recurring
Fair Value, Inputs, Level 2 [Member]
Liabilities, Fair Value Disclosure, Recurring
Fair Value, Inputs, Level 2 [Member] | Riverwood Warrants [Member]
Liabilities, Fair Value Disclosure, Recurring		[1]
Fair Value, Inputs, Level 2 [Member] | Pegasus Warrant [Member]
Liabilities, Fair Value Disclosure, Recurring
Fair Value, Inputs, Level 2 [Member] | THD Warrants [Member]
Liabilities, Fair Value Disclosure, Recurring
Fair Value, Inputs, Level 2 [Member] | Medley Warrants [Member]
Liabilities, Fair Value Disclosure, Recurring
Fair Value, Inputs, Level 2 [Member] | Pegasus Guaranty Warrants [Member]
Liabilities, Fair Value Disclosure, Recurring
Fair Value, Inputs, Level 3 [Member]
Liabilities, Fair Value Disclosure, Recurring	2,418,158
Fair Value, Inputs, Level 3 [Member] | Riverwood Warrants [Member]
Liabilities, Fair Value Disclosure, Recurring	1,067,458	[1]
Fair Value, Inputs, Level 3 [Member] | Pegasus Warrant [Member]
Liabilities, Fair Value Disclosure, Recurring	590,000
Fair Value, Inputs, Level 3 [Member] | THD Warrants [Member]
Liabilities, Fair Value Disclosure, Recurring	15,798
Fair Value, Inputs, Level 3 [Member] | Medley Warrants [Member]
Liabilities, Fair Value Disclosure, Recurring	348,601
Fair Value, Inputs, Level 3 [Member] | Pegasus Guaranty Warrants [Member]
Liabilities, Fair Value Disclosure, Recurring	$ 396,301
[1]	On May 25, 2012, the Company issued a warrant to purchase 18,092,511 shares of Common Stock to Riverwood LSG Management Holdings LLC ("Riverwood Management") as consideration for services provided in connection with an offering of Convertible Preferred Stock (the "Riverwood Warrant"). Riverwood Management subsequently partially assigned such warrant to several of its affiliates. The warrants, as amended or assigned from time to time, are referred to herein as the "Riverwood Warrants." In February 2017, Pegasus purchased the Riverwood Warrants from Riverwood Management and its affiliates.

Note 8 - Fair Value Measureme42

Note 8 - Fair Value Measurements - Reconciliation of Beginning and Ending Balances for Assets and Liabilities Accounted for at Fair Value on a Recurring Basis (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Balance	$ (1,008,057)	$ (3,958,409)
Realized and unrealized gains (losses) included in net loss	(1,410,101)	(78,734)
Purchases, sales, issuances and settlements
Transfers in or out of Level 3
Balance	(2,418,158)	(4,037,143)
Riverwood Warrants [Member]
Balance	(345,568)	(1,747,737)
Realized and unrealized gains (losses) included in net loss	(721,890)	1,810
Purchases, sales, issuances and settlements
Transfers in or out of Level 3
Balance	(1,067,458)	(1,745,927)
September 2012 Warrants [Member]
Balance	(40,000)	(214,400)
Realized and unrealized gains (losses) included in net loss	40,000	5,600
Purchases, sales, issuances and settlements
Transfers in or out of Level 3
Balance		(208,800)
Pegasus Warrant [Member]
Balance	(191,000)	(966,000)
Realized and unrealized gains (losses) included in net loss	(399,000)	1,000
Purchases, sales, issuances and settlements
Transfers in or out of Level 3
Balance	(590,000)	(965,000)
THD Warrants [Member]
Balance	(2,782)	(63,635)
Realized and unrealized gains (losses) included in net loss	(13,016)	(16,516)
Purchases, sales, issuances and settlements
Transfers in or out of Level 3
Balance	(15,798)	(80,151)
Medley Warrants [Member]
Balance	(218,262)	(565,776)
Realized and unrealized gains (losses) included in net loss	(130,339)	(25,274)
Purchases, sales, issuances and settlements
Transfers in or out of Level 3
Balance	(348,601)	(591,050)
Pegasus Guaranty Warrants [Member]
Balance	(250,445)	(615,261)
Realized and unrealized gains (losses) included in net loss	(145,856)	(39,754)
Purchases, sales, issuances and settlements
Transfers in or out of Level 3
Balance	(396,301)	(655,015)
Pegasus Commitment [Member]
Balance	40,000	214,400
Realized and unrealized gains (losses) included in net loss	(40,000)	(5,600)
Purchases, sales, issuances and settlements
Transfers in or out of Level 3
Balance		$ 208,800

Note 9 - Stockholders' Equity43

Note 9 - Stockholders' Equity (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Allocated Share-based Compensation Expense	$ (10,046)	$ 11,903
Director [Member]
Stock Issued During Period, Value, Share-based Compensation, Forfeited	12,000
Employee Stock Option [Member] | Director [Member]
Allocated Share-based Compensation Expense	$ 2,000	$ 12,000

Note 9 - Stockholders' Equity -

Note 9 - Stockholders' Equity - Warrants Outstanding for Purchase of Common Stock (Details)	Mar. 31, 2017$ / sharesshares
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	341,074,807
Riverwood Warrants [Member] | Pegasus Capital [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	18,092,511
Private Placement Series H [Member] | Acquillian Investments LLC [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	830,508
Exercise Price (in dollars per share) | $ / shares	$ 1.18
Pegasus Warrant [Member] | Pegasus Capital [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	10,000,000
Series J Warrants [Member]
Exercise Price (in dollars per share) | $ / shares	$ 0.001
Series J Warrants [Member] | Series J Holders [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	273,114,300
Exercise Price (in dollars per share) | $ / shares	$ 0.001
Medley Warrants [Member] | Medley Capital Corporation [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	10,000,000
Exercise Price (in dollars per share) | $ / shares	$ 0.95
Pegasus Guaranty Warrants [Member] | Pegasus Capital [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	10,000,000
Exercise Price (in dollars per share) | $ / shares	$ 0.50
Series K Warrants [Member] | Pegasus Capital [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	14,777,932
Exercise Price (in dollars per share) | $ / shares	$ 0.12
Investors in Rights Offering [Member] | Series D Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	1,535,801
Investors in Rights Offering [Member] | Series D Warrants [Member] | Minimum [Member]
Exercise Price (in dollars per share) | $ / shares	$ 2.06
Investors in Rights Offering [Member] | Series D Warrants [Member] | Maximum [Member]
Exercise Price (in dollars per share) | $ / shares	$ 2.07
The Home Depot [Member] | Purchasing Agreement [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	2,723,756
Exercise Price (in dollars per share) | $ / shares	$ 0.79

Note 10 - Earning (Loss) Per 45

Note 10 - Earning (Loss) Per Share (Details Textual) - $ / shares shares in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	283.8	270.8
Series J Warrants [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.001

Note 10 - Earnings (Loss) Per S

Note 10 - Earnings (Loss) Per Share - Computation of Basic and Diluted Net Loss Per Share of Common Stock (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net loss attributable to common stock	$ (7,798,981)	$ (4,717,688)
Controlling Shareholders [Member]
Net loss attributable to common stock	(6,089,764)	(3,632,930)
Deemed dividends related to the Series J Preferred Stock attributable to all shareholders	(8,767,492)	(2,930,787)
Undistributed net loss	$ (14,857,256)	$ (6,563,717)
Basic and diluted weighted average number of common shares outstanding attributable to controlling stockholders (in shares)	375,961,974	327,637,170
Basic and diluted net loss per weighted average common share attributable to controlling stockholders (in dollars per share)	$ (0.04)	$ (0.02)
Noncontrolling Shareholders [Member]
Net loss attributable to common stock	$ (1,709,624)	$ (1,087,318)
Deemed dividends related to the Series J Preferred Stock attributable to all shareholders	(2,461,363)	(877,170)
Undistributed net loss	$ (4,170,987)	$ (1,964,488)
Basic and diluted weighted average number of common shares outstanding attributable to controlling stockholders (in shares)	105,546,568	98,060,244
Basic and diluted net loss per weighted average common share attributable to controlling stockholders (in dollars per share)	$ (0.04)	$ (0.02)

Note 11 - Related Party Trans47

Note 11 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands	Feb. 03, 2017	Feb. 03, 2017	Jan. 27, 2017	Mar. 31, 2017
Class of Warrant or Right, Number of Securities Called by Warrants or Rights				341,074,807
Series H Redeemable Convertible Preferred Stock [Member] | LSGC Holdings IIIa, LLC [Member]
Shares Assumed By Controlling Stakeholder from Purchase of Interests in a Separate Entity	45,000	45,000
Series H Redeemable Convertible Preferred Stock [Member] | Cleantech A, Cleantech B, and Portman [Member]
Shares Acquired By Controlling Stakeholder	49,000
Pegasus Capital [Member]
Ownership Percentage of Subsidiary Held in Parent				92.50%
Pegasus Capital [Member] | Warrants Included in Purchase of Membership Interest of RW LSG Holdings [Member] | Common Stock [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	8,000,000	8,000,000
Pegasus Capital [Member] | Warrants Purchased From Riverwood LSG Management Holdings [Member] | Common Stock [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	18,092,511	18,092,511
Holdings III [Member ] | Series J Redeemable Convertible Preferred Stock [Member]
Stock Issued During Period, Shares, New Issues	7,000		3,000	103,062
Proceeds from Issuance of Redeemable Preferred Stock		$ 10,000		$ 10,000

Note 12 - Restructuring Expen48

Note 12 - Restructuring Expenses (Details Textual)	3 Months Ended
	Mar. 31, 2017USD ($)
Restructuring Charges	$ 409,199
Restructuring and Related Cost, Expected Cost Remaining	575,000
Employee Severance [Member]
Restructuring Charges	$ 409,000

Note 12 - Restructuring Expen49

Note 12 - Restructuring Expenses - Accrued Liability Associated With Restructuring Charges (Details)	3 Months Ended
	Mar. 31, 2017USD ($)
Accrued liability	$ 265,693
Restructuring Charges	409,199
Payments	(99,837)
Accrued liability	575,054
Facility Closing [Member]
Accrued liability	20,000
Restructuring Charges	409,199
Payments	(99,837)
Accrued liability	329,362
Excess Facilities [Member]
Accrued liability	241,493
Restructuring Charges
Payments
Accrued liability	241,493
Other Exit Costs [Member]
Accrued liability	4,200
Restructuring Charges
Payments
Accrued liability	$ 4,200

Note 13 - Concentrations of C50

Note 13 - Concentrations of Credit Risk (Details Textual) - Customer Concentration Risk [Member]	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Sales Revenue, Net [Member]
Number of Major Customers	1	1
Sales Revenue, Net [Member] | One Customer [Member]
Concentration Risk, Percentage	81.00%	91.00%
Accounts Receivable [Member]
Number of Major Customers	1		1
Accounts Receivable [Member] | One Customer [Member]
Concentration Risk, Percentage	69.00%		58.00%

Note 14 - Commitments and Con51

Note 14 - Commitments and Contingencies (Details Textual) - USD ($)	Dec. 04, 2015	Jun. 22, 2012	Dec. 31, 2015
Litigation Settlement, Amount Awarded from Other Party			$ 200,000
Litigation Settlement, Commissions Receivable			$ 1,700,000
Litigation Settlement, Percentage of Future Sales Receivable			5.00%
Geveran Case [Member]
Loss Contingency, Damages Sought, Value		$ 25,000,000
Appeal Bond	$ 20,100,000
Geveran Case [Member] | J.P. Morgan [Member]
Appeal Bond	20,100,000
Geveran Case [Member] | J.P. Morgan and Lighting Science Group Corporation [Member]
Appeal Bond	$ 40,200,000

Note 15 - Subsequent Events (De

Note 15 - Subsequent Events (Details Textual) - USD ($) $ in Thousands	May 15, 2017	May 08, 2017	May 08, 2017	Apr. 25, 2017	Apr. 24, 2017	Mar. 20, 2017	Feb. 03, 2017	Feb. 03, 2017	Jan. 27, 2017	May 08, 2017	Mar. 31, 2017
LSG MLS JV Holdings, Inc. [Member] | Global Value Lighting, LLC [Member]
Maximum Payments for Additional Capital Contributions in an Joint Venture After the Determination of the Board of Managers						$ 7,650
Subsequent Event [Member] | LSG MLS JV Holdings, Inc. [Member] | Global Value Lighting, LLC [Member]
Payments to Acquire Interest in Joint Venture			$ 5,100
Ownership Percentage, Joint Venture		51.00%	51.00%							51.00%
Maximum Payments for Additional Capital Contributions in an Joint Venture After the Determination of the Board of Managers			$ 7,650
Subsequent Event [Member] | MLS Co., Ltd [Member] | Global Value Lighting, LLC [Member]
Payments to Acquire Interest in Joint Venture	$ 2,900		$ 2,000
Ownership Percentage, Joint Venture		49.00%	49.00%							49.00%
Maximum Payments for Additional Capital Contributions in an Joint Venture After the Determination of the Board of Managers			$ 7,350
Subsequent Event [Member] | Ares ABL Agreeement [Member] | Revolving Credit Facility [Member]
Repayments of Debt				$ 1,300
Subsequent Event [Member] | Medley Term Loan [Member] | Medley Capital Corporation [Member]
Repayments of Debt			$ 5,000
Holdings III [Member ] | Series J Redeemable Convertible Preferred Stock [Member]
Stock Issued During Period, Shares, New Issues							7,000		3,000		103,062
Proceeds from Issuance of Redeemable Preferred Stock								$ 10,000			$ 10,000
Holdings III [Member ] | Series J Redeemable Convertible Preferred Stock [Member] | Subsequent Event [Member]
Stock Issued During Period, Shares, New Issues		15,000	10,600		4,400
Proceeds from Issuance of Redeemable Preferred Stock		$ 15,000								$ 15,000