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Note 7 - Accounts and Notes Receivable
9 Months Ended
Sep. 30, 2014
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

7. Accounts and Notes Receivable


In 2013, the Company recognized $13.9 million of revenue under the completed-contract method and recorded a receivable of $8.8 million (originally denominated in euros) related to the sale of projects in Greece. As the customer that purchased the projects did not receive term financing from China Development Bank, the receivable is currently being collected over a six year agreed-upon payment schedule, plus variable interest. The difference of $5.1 million between revenue recognized and account receivable balance relates to prior payments received from the customer, which had been recorded as a customer deposit within accrued liabilities. As of September 30, 2014 and December 31, 2013, due to the extended collection period, $1.8 million and $2.2 million, of the accounts receivable, respectively, were recorded as current accounts receivable and $4.9 million and $6.6 million, respectively, were recorded as noncurrent accounts receivable. In the second quarter of 2013, the Company reclassified $5.9 million of existing accounts receivables from another unrelated customer to noncurrent based on the expected collection period which is anticipated to exceed one year. As of September 30, 2014 and December 31, 2013, $1.6 million and $2.0 million, respectively, were recorded as current accounts receivable and $4.3 million and $5.8 million, respectively, were recorded in noncurrent accounts receivable from this second customer.


During 2013 the Company issued a note receivable to KDC Solar (“KDC”) for one of KDC’s completed projects with a 15 year payment terms which began on the project’s commercial operations date in April 2013. The note bears interest of LIBOR plus 460bps. If KDC obtains term debt financing for this project, the collection of the note receivable may be accelerated. As of September 30, 2014 and December 31, 2013 the balances recorded on noncurrent notes receivable related to KDC were $13.4 million and $13.7 million, respectively.