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Deferred Revenues
6 Months Ended
Jun. 30, 2016
Deferred Revenues [Abstract]  
Deferred Revenues

3. Deferred Revenues

 

We defer license fees until we have met all accounting requirements for revenue recognition as per unit royalty products are distributed and royalty reports are received. Engineering development fee revenues are deferred until such time as the engineering work has been completed and accepted by our customers. As of June 30, 2016 and December 31, 2015, we have $2.2 million and $1.1 million, respectively, of deferred license fee revenue related to prepayments for future license fees from three and two customers, respectively, and a total of $17,000 and $0.4 million, respectively, of deferred engineering development fees from one customer.