14.  Other Current Liabilities

The Company is a party to a Development and License Agreement with Carrier Corporation, dated as of September 4, 2007 (“Carrier”) regarding the payment of royalties on the sale of each of the Company’s 200 kilowatt (“C200”) microturbines. Carrier earned $0.3 million and $0.2 million in royalties for C200 and C1000 Series system sales during the three months ended December 31, 2017 and 2016, respectively. Carrier earned $0.7 million and $0.6 million in royalties for C200 and C1000 system sales during the nine months ended December 31, 2017 and 2016, respectively. Earned royalties of approximately $0.3 million were unpaid as of December 31, 2017 and March 31, 2017, respectively, and are included in accrued expenses in the accompanying balance sheets.

Impacts of Tax Legislation

On December 22, 2017, the Tax Cuts and Jobs Act was signed into legislation.  The Company is currently evaluating the impact of the Tax Cuts and Job Act on its condensed consolidated financial statements and related disclosures for Fiscal 2018 and cannot be determined with certainty at this time because of a blended rate. Any impact against the Company’s gross deferred tax asset will be offset by a 100% valuation allowance, therefore the Company expects no material impact on its condensed consolidated financial statements. The Company will continue to review the components of the Tax Cuts and Job Act and its related regulations and evaluate their impact to its condensed consolidated financial statements and related disclosures for Fiscal 2018.