Product revenues..deferred..near bottom..
PRODUCT SALES
PRODUCT REVENUES Product revenues consist of revenue from the sale of ACCC Cable products to utility companies on a "trial" basis so these customers can verify our claims that the ACCC Cable is technologically superior to existing cable technology. From inception through March 31, 2005 there have been no substantial sales of our ACCC Cable products. There were no product revenues for the quarter ended March 31, 2005. Product revenues increased from $0 for the six months ending March 31, 2004 to $46,485 for the six months ending March 31, 2005. The dollar increase was due to increased ACCC cable trials by utility companies. Revenue of $564,750 from one project has been deferred, with associated costs capitalized, pending completion of the project.
