Revenue

12 Months Ended

Dec. 31, 2019

Revenue Recognition and Deferred Revenue [Abstract]

REVENUE

3. REVENUE

Revenue Recognition

Net sales include products and shipping and handling charges, net of estimates for customer allowances. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring products. All revenue is recognized when we satisfy our performance obligations under the contract. We recognize revenue by transferring the promised products to the customer, with the majority of revenue recognized at the point in time the customer obtains control of the products. We recognize revenue for shipping and handling charges at the time the products are delivered to or picked up by the customer. The majority of our contracts have a single performance obligation and are short term in nature.

Revenues related to repair and maintenance services are recognized over time as services are provided. Payment for used vehicles, services, and merchandise are typically received at the point when control transfers to the customer or in accordance with payment terms customary to the business.

Accounts Receivable

Credit is extended based upon an evaluation of the customer’s financial condition. Accounts receivable are stated at their estimated net realizable value. The allowance for doubtful accounts is based on an analysis of customer accounts and our historical experience with accounts receivable write-offs.

As performance obligations are satisfied within one year from a given reporting date we omit disclosures of the transaction price apportioned to remaining performance obligations on open orders.

Disaggregation of Revenue

Our revenues related to the following types of business were as follows:

	Years Ended December 31,
	2019		2018
Automotive	$	240,280	$	498,000
Other	136,282		265,173
Total revenues	$	376,562	$	763,173

Automotive – consists of sales of any of our truck platforms. We recognize revenue when control transfers upon shipment to the customer.

Other – consists of our former Delivery Service Protocol program, grant-related research work and non-warranty after-sales vehicle services.