Quarterly report pursuant to Section 13 or 15(d)

Other Current Liabilities

v3.3.0.814
Other Current Liabilities
6 Months Ended
Sep. 30, 2015
Other Current Liabilities  
Other Current Liabilities

 

14.  Other Current Liabilities

 

The Company is a party to a Development and License Agreement with Carrier Corporation (“Carrier”) regarding the payment of royalties on the sale of each of the Company’s 200 kilowatt (“C200”) microturbines. Carrier earned $0.2 million and $0.5 million in royalties for C200 and C1000 Series system sales during the three months ended September 30, 2015 and 2014, respectively. Carrier earned $0.6 million and $0.8 million in royalties for C200 and C1000 system sales during the six months ended September 30, 2015 and 2014, respectively. Earned royalties of approximately $0.2 million and $0.4 million were unpaid as of September 30, 2015 and March 31, 2015, respectively, and are included in accrued expenses in the accompanying balance sheets.