General form of registration statement for all companies including face-amount certificate companies

Customer Advances and Deferred Revenues

v2.4.0.8
Customer Advances and Deferred Revenues
 12 Months Ended
Dec. 31, 2013
Customer Advances and Deferred Revenues [Abstract]  
Customer Advances and Deferred Revenues

6. Customer Advances and Deferred Revenues

 

In connection with its research services, the Company often receives cash payments before its earnings process is complete. In these instances, the Company records the payments as customer advances until the earnings process or milestone is achieved.

 

As described in its revenue recognition policy for EksoÔ unit sales, revenues are deferred and recognized over the expected maintenance period. Accordingly, at the time of shipment the amount billed is recorded as deferred revenue. Also, at the time of shipment to the customer, the related inventory is reclassified to deferred costs of revenue where it is amortized to cost of revenue over the same period as the related revenue.

 

Customer advances, deferred revenues, and deferred unit costs consist of the following:

 

    December 31,  
    2013     2012  
             
Customer advances and deposits   $ 443,436     $ 329,006  
Deferred Ekso unit revenues     3,462,980       2,928,411  
Deferred service and software revenues     721,921       207,296  
Customer advances and deferred revenues     4,628,337       3,464,713  
Less current portion     (2,419,226 )     (1,566,153 )
Customer advances and deferred revenues, non-current   $ 2,209,111     $ 1,898,560  
                 
Deferred Ekso unit costs   $ 1,571,897     $ 1,130,246  
Less current portion     (768,599 )     (436,483 )
                 
Deferred cost of revenue, non-current   $ 803,298     $ 693,763