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Nature of Operations and Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2013
Summary of uncompleted contracts

Uncompleted contracts at March 31, 2013 and December 31, 2012 are as follows:

 

 

 

 

 

March 31, 2013 

December 31, 2012 

 

 

 

Cost incurred on uncompleted contracts             

$              69             

$              14             

Estimated earnings             

              78             

              61             

 

 

 

Revenue recognized             

              147             

              75             

Less: billings to date             

              (219              )

              (32              )

 

 

 

 

$              (72)             

$              43             

 

 

 

 

Financial statement presentation on uncompleted information

The above information is presented in the balance sheet as follows:

 

 

 

 

 

March 31, 2013 

December 31, 2012 

 

 

 

Costs and estimated earnings in excess of billings on uncompleted contracts             

$              23             

$              44             

Billings in excess of costs and estimated earnings on uncompleted contracts             

              (95              )

              (1              )

 

 

 

 

$              (72)             

$              43             

 

 

 

 

Estimated useful lives used to compute depreciation and amortization

The estimated useful lives used to compute depreciation and amortization are as follows:

 

 

 

Equipment             

              3 - 5 years             

Demonstration equipment             

              3 - 5 years             

Furniture and fixtures             

              7 years             

Purchased software             

              3 years             

Leased equipment             

              3 years             

Leasehold improvements             

              Shorter of 5 years or term of  lease