Note 16 - Revision of Prior Period Financial Statements

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Error Correction [Text Block]

16. Revision of Prior Period Financial Statements

We revised certain prior period financial statements due to a $77,000 error related to the recognition of certain revenues in our Edge to Cloud segment. The error occurred in the third quarter of 2019 and had a rollforward effect on consolidated equity and deferred revenue through the first quarter of 2021. A summary of the revisions to our previously reported financial statements is presented below (in thousands):

Revised Consolidated Balance Sheets

	As of December 31, 2020
	As reported			Adjustment			As revised
Deferred revenue, current portion	$	2,165		$	(77	)	$	2,088
Total current liabilities		11,339			(77	)		11,262
Accumulated deficit		(130,083	)		77			(130,006	)
Total shareholders' equity		8,651			77			8,728

Revised Consolidated Statement of Shareholder's Equity

	Year Ended
	December 31, 2020
	As reported			Adjustment		As revised
Accumulated deficit	$	(130,083	)	$	77	$	(130,006	)