General form of registration statement for all companies including face-amount certificate companies

Deferred Revenues and Customer Advances

v3.6.0.2
Deferred Revenues and Customer Advances
9 Months Ended 12 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Deferred Revenues and Customer Advances [Abstract]    
Deferred revenues and customer advances

Note 7—Deferred Revenues and Customer Advances

 

Deferred revenues and customer advances consist of balances billed on existing customer contracts for which the revenue cycle is not complete. Customer advances on equipment sales represent down payments and progress payments under the terms and conditions of equipment sales of our Power Oxidizer and Powerstation units. Prepaid license fees represent payments of license fees by Dresser-Rand into an escrow account. Deferred revenues and customer advances consisted of the following:

 

   

September 30,
2016

(unaudited)

    December 31, 2015  
             
Customer advances on equipment sales   $ 2,696,000     $ 2,572,000  
Prepaid license fees     1,100,000       275,000  
Total deferred revenues and customer advances   $ 3,796,000     $ 2,847,000  

Note 8—Deferred revenues and customer advances

 

Deferred revenues and customer advances consist of balances billed on existing customer contracts for which the revenue cycle is not complete. Customer advances on equipment sales represent down payments and progress payments under the terms and conditions of equipment sales of our Power Oxidizer and Powerstation units. Prepaid license fees represent payments of license fees by Dresser-Rand into an escrow account. Deferred revenues and customer advances consisted of the following:

  

    December 31, 2015     December 31, 2014  
             
Customer advances on equipment sales   $ 2,572,000     $    —  
Prepaid license fees     275,000        
Total Deferred revenues and customer advances   $ 2,847,000     $