INVESTMENT IN PARAGON WASTE SOLUTIONS LLC
|9 Months Ended|
Sep. 30, 2018
|Business Combinations [Abstract]|
|INVESTMENT IN PARAGON WASTE SOLUTIONS LLC||
NOTE 8 – INVESTMENT IN PARAGON WASTE SOLUTIONS LLC
Since its inception through September 30, 2018, we have provided approximately $6.4 million in funding to PWS for working capital and the further development and construction of various prototypes and commercial waste destruction units. No members of PWS have made capital contributions or other funding to PWS other than SEER. The intent of the operating agreement is that we will provide the funding as an advance against future earnings distributions made by PWS.
Payments received for non-refundable licensing and placement fees have been recorded as deferred revenue in the accompanying consolidated balance sheets at September 30, 2018 and December 31, 2017 and are recognized as revenue ratably over the term of the contract.
The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).
Reference 1: http://www.xbrl.org/2003/role/presentationRef