Annual report pursuant to Section 13 and 15(d)

Deferred Revenue (Tables)

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Deferred Revenue (Tables)
 12 Months Ended
Dec. 31, 2014
Deferred Revenue Disclosure [Abstract]  
Summary of Defferred Revenue

Deferred revenue consists of the following:

 

    December 31,  
    2014     2013  
             
Nissan   $ 681,758     $ 781,521  
NYSERDA     279,477       72,288  
CEC     205,140       -  
NV Energy Commission     32,626       -  
Other     36,331       36,677  
Total deferred revenue     1,235,332       890,486  
Deferred revenue, non-current portion     (275,370 )     (678,392 )
Current portion of deferred revenue   $ 959,962     $ 212,094  

Summary of Deferred Revenue Recognized

It is anticipated that deferred revenue as of December 31, 2014 will be recognized over the next four years as follows:

 

For the Year Ending      
December 31,   Revenue  
       
2015   $ 959,962  
2016     197,285  
2017     49,814  
2018     28,271  
 Total   $ 1,235,332