Other assets as of July 31, 2016 and October 31, 2015 consisted of the following:



	July 31, 2016		October 31, 2015
Long-term stack residual value ⁽¹⁾	$	327	$	2,509
Deferred finance costs ⁽²⁾	814		354
Long-term unbilled recoverable costs ⁽³⁾	4,810		—
Other ⁽⁴⁾	1,966		279
Other assets	$	7,917	$	3,142

(1)

Relates to estimated residual value for module exchanges performed under the Company's service agreements where the useful life extends beyond the contractual term of the service agreement and the Company obtains title for the module from the customer upon expiration or non-renewal of the service agreement. If the Company does not obtain rights to title from the customer, the full cost of the module is expensed at the time of the module exchange. The decrease from October 31, 2015 represents the residual value being recognized as cost of service agreements due to contract term extensions.

(2)

Represents the long-term portion of direct deferred finance costs relating to securing a $40.0 million loan facility with NRG which is being amortized over the five-year life of the facility and the long-term portion of direct deferred finance costs relating to sale-leaseback transactions entered into with PNC Energy Capital, LLC which are being amortized over the ten-year term and direct deferred finance costs relating to the Hercules loan and security agreement entered into in April 2016 which is being amortized over the 30 month life of the loan.


(3)	Represents unbilled recoverable costs that relate to revenue recognized on customer contracts that will be billed in future periods in excess of twelve months from July 31, 2016.


(4)	The Company entered into an agreement with one of its customers on June 29, 2016 which includes a fee for the purchase of the plants at the end of the term of the agreement. The option fee is payable in installments over the term of the agreement and the total paid as of July 31, 2016 is $0.9 million. The increase as of July 31, 2016 also includes deposits for projects in development.