| Deferred Revenue |
7 — Deferred Revenue
Deferred revenue consists of:
|
|
|
As of December 31,
|
|
|
|
|
2016
|
|
2015
|
|
|
Advance payments from customers
|
|
$
|
21,795
|
|
$
|
16,192
|
|
|
Training and other services
|
|
4,676
|
|
22,736
|
|
|
Shipments in-transit
|
|
182,792
|
|
312,568
|
|
|
Extended warranty agreements
|
|
2,467,361
|
|
601,210
|
|
|
|
|
|
|
|
|
|
Total
|
|
2,676,624
|
|
952,706
|
|
|
Less current portion
|
|
(1,033,146
|
)
|
(529,867
|
)
|
|
|
|
|
|
|
|
|
Total non-current portion
|
|
$
|
1,643,478
|
|
$
|
422,839
|
|
|
|
|
|
|
|
|
|
|
|