XML 32 R21.htm IDEA: XBRL DOCUMENT v3.6.0.2
Receivables, Deferred Revenue and Backlog
3 Months Ended
Mar. 31, 2016
Deferred Revenue Disclosure [Abstract]  
Receivables, Deferred Revenue and Backlog

NOTE 15 – RECEIVABLES, DEFERRED REVENUE AND BACKLOG

 

As of March 31, 2016, total backlog for prototype engines to be delivered was $400,000 from the Combilift agreement, of which $100,000 has been paid and has been recorded as deferred revenue. A customer advanced $25,000 as a deposit towards progress payments on a $80,000 contract for engines to be delivered in 2017 and another customer contributed $5,700 in material parts towards an engine contract.