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XML - IDEA: XBRL DOCUMENT - POWIN CORPR10.htm
10-Q - FOR THE QUARTERLY PERIOD ENDED: SEPTEMBER 30, 2012 - POWIN CORPj111412010q.htm
EX-32.1 - EXHIBIT 32.1 - POWIN CORPex32_1.htm
EXCEL - IDEA: XBRL DOCUMENT - POWIN CORPFinancial_Report.xls
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EX-31.1 - EXHIBIT 31.1 - POWIN CORPex31_1.htm
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v2.4.0.6
Business Segment Reporting
9 Months Ended
Sep. 30, 2012
Business Segment Reporting [Abstract]  
Business Segment Reporting
Note 9: Business Segment Reporting
Basis for Presentation

Our operating businesses are organized based on the nature of markets and customers. Segment accounting policies are the same as described in Note 1.
Effects of transactions between related companies are eliminated and consist primarily of inter-company transactions and transfers of cash or cash equivalents from corporate to support each business segment's payroll, inventory sourcing and overall operations when each segment has working capital requirements.
A description of our operating segments as of September 30, 2012 and December 31, 2011, can be found below.

Powin OEM:

All products are sold in North America and include steel gun safes; outdoor cooking equipment; including dutch camping ovens and frying skillets; fitness equipment, including treadmills, exercise bikes, weightlifting benches, dumbbell racks, trampolines; plastic products, pontoon boats; and small electronic appliances.

QBF:

All products are sold in North America and include truck, auto parts, pumps and valves, machinery parts, pulleys and flywheels, pedestals and frames, cylinders and pistons, cranks and crank cases, series cast iron made classical vee-pulleys and taper bushed, vee-pulleys, sprockets and gears, timing wheels, flat belt wheels and roller wheels, cast iron flywheels (dynamic balanced or static balanced), cast iron hand made wheels, bearing blocks, flexible couplings, brake rotors & drums, tie rods and rail wheels, ductile iron cranks, cast iron crank cases, cast iron cylinders and cylinder hubs. QBF also provides services for welding, precise machining, forming and stamping, cutting, and bending.

Powin Wooden (Powin DC):

All services are provided in North America and include warehousing services in support of the Company's OEM customers and, warehousing support of the Company's other segments.

Maco:

All products are sold in North America and include bed frames, chests and night stands made of solid alder and pine woods. Effective January 1, 2012, the business of Maco was merged into CPP, another one of the Company's wholly-owned subsidiaries. All assets, liabilities, and equity interests were transferred to CPP. CPP initially recognized the assets and liabilities transferred at their then carrying amounts as of the date of transfer.
CPP:

All services will be offered to manufactures and retailers in North America to open channels to sell their products in the China markets.

PRER (Energy):

All products are sold in North America and include a complete turnkey line of clean technology and renewable energy products such as LED lighting and fixtures, wind turbines, solar panels and lithium batteries for storage and backup.

GLADIATOR:

All products are sold in North America and include fitness equipment such as weight benches, treadmills and exercise bikes.

Powin Industries SA de CV:

All products will be sold in Mexico and North America and include truck, auto parts, pump and valves, machinery parts, pulleys and flywheels, pedestal and frames, cylinder and pistons, crank and crank case, series cast iron made classical vee-pulley and taper bushed, vee-pulleys sprocket and gears, timing wheel, flat belt wheel and roller wheels, cast iron flywheel (dynamic balanced or static balanced), cast iron made hand wheels bearing block, flexible couplings, brake rotors & drums, tie rod and rail wheels, ductile iron cranks, cast iron crank case, cast iron cylinders, cylinder hub. This segment will also provide services for welding, precise machining, forming and stamping, cutting, and bending.

Realforce-Powin Joint Venture Company:

All products are sold in North America and include renewable energy products such as solar panels and lithium batteries for storage and backup. Effective January 1, 2012, the joint venture RealForce-Powin, entered into between POWIN Corporation and Shandong RealForce Enterprises Co., Ltd. in May 2011, was merged by POWIN Corporation. The Company maintained effective control due to contractual agreements and that the Company's POWIN Energy segment was purchasing most of its energy products through the joint venture from Shandong RealForce Enterprises Co., Ltd. In January 2012, the Company's Board of Directors authorized the merge as it was determined that the joint venture was unnecessary given that Shandong RealForce Enterprises Co., Ltd., would sell directly to POWIN Energy.