Deferred Revenue

12 Months Ended

Dec. 31, 2016

Note 14 — Deferred Revenue

Deferred revenue as of December 31, 2016 and 2015 consisted of the following:

	December 31, 2016		December 31, 2015
Deferred Revenue, Current
Maintenance agreements	$	14,873	$	9,025
Service agreements		170		70
Total Deferred Revenue, Current		15,043		9,095

Deferred Revenue, Non-Current
Maintenance agreements		5,960		7,666

Total Deferred Revenue	$	21,003	$	16,761

The fair value of the deferred revenue approximates the services to be rendered.

- 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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