Deferred Revenue

12 Months Ended

Dec. 31, 2011

8. Deferred Revenue

Deferred revenue consists of the following:


	December 31, 2011			December 31, 2010
Product shipped, revenue deferred	$	2,001,160		$	552,692
Customer deposits		1,156,900			312,154
Deferred service and license fees		5,696,959			6,214,317

		8,855,019			7,079,163
Less: Long-term deferred revenue		(634,713	)		(478,850	)

Total current deferred revenue	$	8,220,306		$	6,600,313

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

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