Effects of Adopting ASU Topic 606 (Tables)

12 Months Ended

Dec. 31, 2018

Effects of Adopting ASU Topic 606 [Abstract]

Effects of Adopting New Accounting Standard on Financial Statements

The effect of the changes made to the Company’s January 1, 2018 balance sheet as a result of the adoption of Topic 606 were as follows:

BALANCE SHEET HIGHLIGHTS	Reported As of December 31, 2017			Effects of Adopting Topic 606			As of January 1, 2018
Current liabilities:
Deferred revenue, current portion	$	1,500		$	(1,500	)	$	—
Total current liabilities	$	4,482		$	(1,500	)	$	2,982
Deferred revenue, non-current portion	$	1,000		$	(1,000	)	$	—
Total Liabilities	$	5,622		$	(2,500	)	$	3,122
Accumulated deficit	$	(175,516	)	$	2,500		$	(173,016	)
Total Stockholder’s Equity	$	1,553		$	2,500		$	4,053

The impacts of adoption of Topic 606 on the consolidated balance sheet and statement of operations were as follows:

	Year Ended December 31, 2018
BALANCE SHEET HIGHLIGHTS	Pre-Topic 606			Effects of Adopting Topic 606			(as reported)
Current liabilities:
Deferred revenue, current portion	$	1,000		$	(1,000	)	$	—
Total current liabilities	$	2,863		$	(1,000	)	$	1,863
Total liabilities	$	2,863		$	(1,000	)	$	1,863
Accumulated deficit		(199,422	)		1,000			(198,422	)
Total stockholders’ equity	$	8,888		$	1,000		$	9,888

	Year Ended December 31, 2018
INCOME STATEMENT HIGHLIGHTS	Pre-Topic 606			Effects of Adopting Topic 606			(as reported)
Revenue	$	1,563		$	(1,500	)	$	63
Loss from operations		(23,957	)		(1,500	)		(25,457	)
Loss before taxes		(23,903	)		(1,500	)		(25,403	)
Net loss	$	(23,906	)	$	(1,500	)	$	(25,406	)
Basic and diluted loss per share	$	(0.38	)	$	(0.02	)	$	(0.40	)
Weighted average shares outstanding basic and diluted		62,985,763			62,985,763			62,985,763