Quarterly report pursuant to Section 13 or 15(d)

DEFERRED REVENUE (Tables)

v2.4.0.8
DEFERRED REVENUE (Tables)
6 Months Ended
Jun. 30, 2014
Deferred Revenue Disclosure [Abstract]  
DEFERRED REVENUE
Deferred revenue as of June 30, 2014 consisted of the following:
 
 
 
June 30, 
2014
 
December
31, 
2013
 
Nissan
 
$
769,288
 
$
781,521
 
NYSERDA
 
 
366,364
 
 
72,288
 
California Energy Commission
 
 
281,635
 
 
 
 
NV Energy
 
 
40,126
 
 
 
Other
 
 
49,751
 
 
36,677
 
 
 
 
1,507,164
 
 
890,486
 
Less: non-current portion
 
 
(916,902)
 
 
(678,392)
 
Current portion
 
$
590,262
 
$
212,094
 
Deferred Revenue Recognized
It is anticipated that deferred revenue as of June 30, 2014 will be recognized over the next four years as follows:
 
2015
 
$
590,262
 
2016
 
 
545,307
 
2017
 
 
313,182
 
2018
 
 
58,413
 
Total
 
$
1,507,164