Annual report pursuant to Section 13 and 15(d)

Other Assets

Other Assets
12 Months Ended
Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets

7.        Other Assets


The Company’s other asset balance is made up of a security deposit for the Alameda headquarters lease, totaling $593,531, and a certificate of deposit totaling $1,000,000, held by Green Bank as collateral for the AMR construction note payable balance (see note 11).


The lease deposit will be released in three installments. On June, 2017, $275,000 will be released, followed by $275,000 on June 2018 and the remainder will be released at the end of the lease term.


The deposit with Green Bank will be released after AMR has three consecutive months of positive cash flow from operations.