Accounts Receivable

6 Months Ended

Apr. 30, 2014

Receivables [Abstract]

Accounts Receivable

Accounts Receivable

Accounts receivable at April 30, 2014 and October 31, 2013 consisted of the following:

	April 30, 2014		October 31, 2013
Advanced Technology (including U.S. Government(1)):
Amount billed	$	1,805	$	786
Unbilled recoverable costs	1,369		639
	3,174		1,425
Commercial Customers:
Amount billed	15,121		17,344
Unbilled recoverable costs	16,440		30,347
	31,561		47,691
Accounts receivable, net	$	34,735	$	49,116

(1) Total U.S. Government accounts receivable outstanding at April 30, 2014 is $0.8 million.

We bill customers for power plant and module kit sales based on certain contractual milestones being reached. We bill SA's based on the contract price and billing terms of the contracts. The majority of advanced technology contracts are with the U.S. Government. We bill the U.S. Government based on actual recoverable costs incurred, typically in the month subsequent to incurring costs. The remainder of advanced technology contracts are billed based on contractual milestones or costs incurred. Unbilled recoverable costs relate to revenue recognized on customer contracts that have not been billed. Unbilled amounts at April 30, 2014 and October 31, 2013 included $0 million and $17.8 million due from Dominion under the Bridgeport Fuel Cell Park project and $8.1 million and $6.7 million due from POSCO Energy. Accounts receivable are presented net of an allowance for doubtful accounts of $0.06 million and $0.01 million at April 30, 2014 and October 31, 2013, respectively.

Commercial Customers accounts receivable (including Unbilled recoverable costs) include amounts due from POSCO Energy of $21.7 million and $17.4 million at April 30, 2014 and October 31, 2013, respectively.