Deferred Revenue and Income

12 Months Ended

Dec. 31, 2015

Deferred Revenue Disclosure [Abstract]

Deferred Revenue and Income

NOTE 7. DEFERRED REVENUE AND INCOME

Deferred revenue consists of amounts received for products or services not yet delivered or earned. Deferred income consists of amounts received for commitments not yet fulfilled. If we anticipate that the revenue or income will not be earned within the following twelve months, the amount is reported as long-term deferred income. A summary of the balances as of December 31, 2015 and 2014 follows (in thousands):

Deferred Revenue and Income
(in thousands)
	12/31/2015		12/31/2014
Fisher agreement	$	13	$	13
Research Use Only Accelerate ID/AST systems	114		—
Total current deferred revenue and income	$	127	$	13
Arizona Commerce Authority grant	$	1,000	$	1,000
Fisher agreement	—		14
Total long-term deferred income	$	1,000	$	1,014

Through December 31, 2014, we received $1.0 million in milestone payments from the Arizona Commerce Authority under the Grant Agreement described in Note 6, License Agreements and Grants. As of December 31, 2015, no such payments have been recognized in income, and we do not anticipate recognizing such payments as income until the “claw-back” provisions under the Grant Agreement expire in January 2018.

Deferred income includes $114,000 of payments received in December 2015, for Research Use Only Accelerate ID/AST systems.