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Note 5 - Revenue Recognition
6 Months Ended
Jun. 30, 2014
Revenue Recognition [Abstract]  
Revenue Recognition [Text Block]

5.             Revenue Recognition


The Company recognizes revenue when the following basic revenue recognition criteria have been met: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services rendered; (3) the price to the buyer is fixed or determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgments regarding the fixed nature of the price to the buyer charged for products delivered or services rendered and collectability of the sales price. The Company assesses credit worthiness of customers based upon prior history with the customer and assessment of financial condition. The Company’s shipping terms are customarily Free On Board (“FOB”) shipping point. The Company records revenue at the time of shipment if all other revenue recognition criteria have been met.


As of June 30, 2014 and December 31, 2013, the Company had deferred revenue balances of $108,000 and $0, respectively, because not all revenue recognition criteria were met. During the three and six months ended June 30, 2013, we recognized $0 and $201,000, respectively, in revenue previously deferred upon the receipt of cash. No revenue has been recognized during the three and six months ended June 30, 2014 which was previously deferred.