Quarterly report pursuant to Section 13 or 15(d)

DEFERRED REVENUE (Tables)

v2.4.1.9
DEFERRED REVENUE (Tables)
9 Months Ended
Sep. 30, 2014
Deferred Revenue Disclosure [Abstract]  
DEFERRED REVENUE
Deferred revenue as of September 30, 2014 consisted of the following:
 
 
 
September 30,
2014
 
December
31,
2013
 
Nissan
 
$
678,904
 
$
765,890
 
NYSERDA
 
 
318,649
 
 
72,288
 
CEC
 
 
241,633
 
 
 
 
NV Energy Commission
 
 
36,376
 
 
 
Other
 
 
47,820
 
 
36,677
 
 
 
 
1,323,382
 
 
874,855
 
Less: non-current portion
 
 
(696,739)
 
 
(678,392)
 
Current portion
 
$
626,643
 
$
196,463
 
Deferred Revenue Recognized
It is anticipated that deferred revenue as of September 30, 2014 will be recognized over the next four years as follows:
 
2015
 
$
626,643
 
2016
 
 
433,012
 
2017
 
 
231,107
 
2018
 
 
32,620
 
Total
 
$
1,323,382