Gain on Sale of Assets

9 Months Ended

Sep. 30, 2018

13.	GAIN ON SALE OF ASSETS

During the third quarter of 2018, we sold the assets underlying our water diagnostic product for $700,000. This sale of assets was recognized as an operating activity at that time in accordance with ASC 610: Other Income and ASC 810: Consolidation. An upfront payment of $250,000 was received upon closing, a second payment of $250,000 (which was recorded in prepaid expenses and other current assets) is due during the third quarter of 2019 and a third payment of $200,000 (which was recorded in other assets) is due during the fourth quarter of 2019.