Note 5 - Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 31, 2012

Prepaid Expenses And Other Current Assets [Text Block]

5.     PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consist of the following:

In thousands of dollars

	2012		2011
Deferred contract costs	$	4,532	$	678
Other assets, related party	$	1,754		-
Prepaid inventory purchases	$	159	$	801
Prepaid insurance		258		259
Deposits		342		341
Other prepaid expenses and current assets		178		161
Total prepaid expenses and other current assets	$	937	$	1,562

Other prepaid expenses and current assets consist primarily of prepaid property taxes, service contracts, marketing expenses and rent. Other assets, related party, relates to a payment made to Yinting Energy (YTE) (an affiliate of Canon) as the Company will be working with YTE to supply the initial order of fifty electric buses to Wu’an, China. The deferred contract costs were incurred, under the completed contract method, for multiple large scale projects for which revenue has not been recognized.