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Summary of Business and Significant Accounting Policies (Tables)
3 Months Ended
Sep. 30, 2019
Summary of Business and Significant Accounting Policies  
Schedule of Financial Impact on Adoption of ASC 842

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2019

 

Adjustments due to ASC 842

 

Balance at July 1, 2019

Balance sheet captions:

 

 

 

 

 

 

 

 

 

Prepaid expenses

 

 

2,517

 

 

(114)

 1

 

2,403

Total current assets

 

 

56,589

 

 

(114)

 1

 

56,475

Operating lease right-of-use assets (Note 6)

 

 

 —

 

 

4,494

1,2,3

 

4,494

Total assets

 

 

73,754

 

 

4,380

1,2,3

 

78,134

Accrued liabilities

 

 

2,353

 

 

(143)

 3

 

2,210

Operating lease liabilities

 

 

 —

 

 

1,653

 4

 

1,653

Total current liabilities

 

 

42,694

 

 

1,510

3, 4

 

44,204

Operating lease liabilities, net of current portion

 

 

 —

 

 

3,104

 4

 

3,104

Other long-term liabilities

 

 

952

 

 

(234)

 4

 

718

Total liabilities

 

 

49,447

 

 

4,380

3,4

 

53,827

Total liabilities and stockholders' equity

 

 

73,754

 

 

4,380

3,4

 

78,134

                                                                                                                                                                                                                                                                                                                                                                                                                              

1.

Represents prepaid rent reclassified to operating lease right-of-use assets.

2.

Represents capitalization of operating lease right-of-use assets.

3.

Represents reclassification of deferred rent reclassified to operating lease right-of-use assets.

4.

Represents recognition of operating lease liabilities.

Schedule of Revenue and Income from Operations by Geographic Area

Revenue by geography is generally determined on the region of our contracting entity rather than the region of our customer. Information relating to our geographic areas for the three months ended September 30, 2019 and 2018 is as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

September 30, 

 

    

2019

    

2018

Revenue:

 

 

 

 

 

 

North America

 

$

9,591

 

$

8,475

Europe, Middle East, & Africa

 

 

7,599

 

 

7,226

Total revenue

 

$

17,190

 

$

15,701

Income (loss) from operations:

 

 

 

 

 

 

North America

 

$

(884)

 

$

(16)

Europe, Middle East, & Africa

 

 

3,374

 

 

1,957

Asia Pacific

 

 

(1,395)

 

 

(1,188)

Income from operations

 

$

1,095

 

$

753

 

Schedule of Long-lived Assets by Geographic Location

In addition, long-lived assets, which consist primarily of property and equipment and operating lease right-of-use assets, corresponding to our geographic areas are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

September 30, 

 

June 30, 

 

    

2019

    

2019

Long-lived Assets:

 

 

 

 

 

 

North America

 

$

2,908

 

$

206

Europe, Middle East, & Africa

 

 

826

 

 

112

Asia Pacific

 

 

854

 

 

207

  Long-lived Assets

 

$

4,588

 

$

525

 

Summary of stock-based compensation included in costs and expenses

 

 

Below is a summary of stock-based compensation included in the costs and expenses (in thousands):

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

September 30, 

 

    

2019

    

2018

Stock-Based Compensation Expense:

 

 

 

 

 

 

Cost of revenue

 

$

33

 

$

74

Research and development

 

 

176

 

 

116

Sales and marketing

 

 

148

 

 

45

General and administrative

 

 

94

 

 

126

Total stock-based compensation expense

 

$

451

 

$

361

 

Summary of Stock Option Assumptions

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

September 30, 

 

 

    

2019

    

2018

    

Expected volatility

 

70

%  

65

%  

Average risk-free interest rate

 

1.63

%  

2.81

%  

Expected life (in years)

 

4.33

 

4.30

 

Dividend yield

 

 —

 

 —