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(m) Revenue Recognition (Policies)
12 Months Ended
Dec. 31, 2013
Policies  
(m) Revenue Recognition

(m) Revenue Recognition

 

The Company follows guidelines of ASC Topic 605 “Revenue Recognition” for revenue recognition. The Company recognizes revenue when revenue is realized or realizable and earned. Revenue is realized or realizable and earned when all of the following criteria are met: persuasive evidence of an arrangement exists; delivery has occurred or services have been rendered; the price to the buyer is fixed or determinable; and collectability is reasonably assured.

 

The Company recognizes revenue from the sale of radiation sealing construction under the completed contract method accounted for as one element.

 

Revenue from research services recognized as service are rendered and billed each month under a term service agreement.