Annual report pursuant to Section 13 and 15(d)

WARRANTY (Tables)

v3.10.0.1
WARRANTY (Tables)
12 Months Ended
Dec. 31, 2018
Simulation Division  
Product Warranty Liability [Line Items]  
Schedule of Product Warranty Liability
The following is a summary of the deferred warranty revenue in the Simulation Division included in total deferred revenue as of December 31, 2018 and 2017:
 
Twelve months ended December 31,
 
2018
 
2017
Balance at beginning of period
$
3,387,771

 
$
2,702,615

Deferred revenue
4,585,355

 
3,864,556

Revenue recognized
(3,539,931
)
 
(3,179,400
)
Balance at end of period
$
4,433,195

 
$
3,387,771

Power Systems Division  
Product Warranty Liability [Line Items]  
Schedule of Product Warranty Liability
The following is a summary of the warranty liability in the Power Systems Division that is also included in deferred revenue as of December 31, 2018 and 2017:
 
Twelve months ended December 31,
 
2018
 
2017
Balance at beginning of period
$
176,953

 
$
202,429

New reserves
125,855

 
88,223

Costs incurred
(97,617
)
 
(113,699
)
Balance at end of period
$
205,191

 
$
176,953