Quarterly report pursuant to Section 13 or 15(d)

Deferred Revenues

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Deferred Revenues
 3 Months Ended
Mar. 31, 2015
Deferred Revenues [Abstract]  
Deferred Revenues

5. Deferred Revenues

 

In connection with our device sales and research services, we often receive cash payments before our earnings process is complete. In these instances, we record the payments as customer deposits or customer advances until the device is shipped to the customer or in the case of research services until the earnings process or milestone is achieved.

 

As described in our revenue recognition policy for Ekso unit sales, revenues are deferred and recognized over the 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 cost of revenue where it is amortized to cost of revenue over the same period as the related revenue.

 

Deferred revenues and deferred cost of revenues consist of the following:

 

March 31,     December 31,       
2015     2014        
Customer deposits and advances $ 148     $ 105  
Deferred Ekso unit revenues   5,583       5,327  
Deferred service, leasing and software revenues     1,899       1,875  
Customer advances and deferred revenues     7,630       7,307  
Less current portion     (3,545 )     (3,412 )
Customer advances and deferred revenues, non-current   $ 4,085     $ 3,895  
                 
Deferred Ekso unit costs   $ 3,922     $ 3,568  
Less current portion     (1,677 )     (1,551 )
Deferred cost of revenue, non-current   $ 2,245     $ 2,017