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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Summary of Significant Accounting Policies  
Schedule of Property Plant and Equipment Useful Lives

 

 

 

Leasehold improvements

  

5 ‑ 10 years

Software, machinery and equipment

  

1 ‑ 15 years

 

Schedule of provision for common stock warrants

The following table summarizes the impact of ASU 2019-08 adoption, as a reduction of revenue, by quarter on  the consolidated statement of operations (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

 

 

 

December 31,

 

September 30,

 

June 30,

 

March 31,

 

 

 

 

2019

 

2019

 

2019

 

2019

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrant expense, pre adoption

$

(2,807)

 

$

(4,583)

 

$

(1,483)

 

$

(4,179)

 

$

(13,052)

Adjustment

 

 —

 

 

3,087

 

 

466

 

 

2,986

 

 

6,539

Warrant expense, post adoption

 

(2,807)

 

 

(1,496)

 

 

(1,017)

 

 

(1,193)

 

 

(6,513)

 

Summary of impact due to adoption of new accounting pronouncements

The table below summarizes the impact of this initial adoption to the consolidated balance sheet as of January 1, 2018 (in thousands):

 

 

 

 

Recognition of right of use asset

$

34,416

Decrease in accrued expenses

 

385

Recognition of finance obligation

 

(34,161)

Decrease in prepaid expenses and other assets

 

(3,229)

Decrease in leased property, net of accumulated depreciation

 

(563)

Increase in accumulated deficit

 

3,487