Annual report pursuant to Section 13 and 15(d)

Customer Deposits

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Customer Deposits
12 Months Ended
Dec. 31, 2013
Deposits, By Customer, Alternative [Abstract]  
Customer Deposits
Note 15 — Customer Deposits
 
Customer deposits represents money the Company received in advance of providing a product or engineering services to a customer. These deposits include against unfulfilled deliverables of multiple-element products, including unspecified post-delivery support and software updates. Included in Customer Deposits is Unearned Revenue of $39,700 as of December 31, 2013 as compared to $-0- in 2012. All such deposits are short term in nature as the Company delivers the product, unfulfilled portions or engineering services to the customer before the end of its next annual fiscal period. These deposits are credited to the customer against product deliveries or at the completion of their order.