Revenue
We reported $51,000 and $420,000 revenue from continuing operations for the three months ended June 30, 2015 and 2014. On March 28, 2014 the Company entered into an agreement, in the form of a purchase order, from UTC Aerospace Systems ("UTAS") to support a contract for the DoD. Pursuant to the agreement, work commenced in April 2014 and was completed in early 2015. In July 2014 the Company received an additional purchase order to increase the scope and value of the agreement. The terms of this fixed price agreement include a total value of $1,008,000 to PositiveID, paid in monthly installments between April and October, 2014, with the work completed in early 2015. In October 2014 the Company also entered into a contract related to the DHS SenseNet program. The Phase I contract was completed during the first half of 2015 and is worth $113,400 to the Company.
