|12 Months Ended|
Dec. 31, 2018
|Deferred Revenue Disclosure [Abstract]|
10. DEFERRED REVENUE
The Company is the recipient of various private and governmental grants, rebates and marketing incentives. Reimbursements of periodic expenses are recognized as income when the related expense is incurred. Private and government grants and rebates related to EV charging stations and their installation are deferred and amortized in a manner consistent with the recognition of the related depreciation expense of the related asset over their useful lives.
Grant, rebate and incentive revenue recognized during the years ended December 31, 2018 and 2017 was $74,776 and $120,905, respectively. During the year ended December 31, 2018, the Company recognized $351,440 of revenue related to warranty and network fees, of which, $155,810 was included within deferred revenue as of December 31, 2017.
Deferred revenue consists of the following:
It is anticipated that deferred revenue as of December 31, 2018 will be recognized as follows:
The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef