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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Summary of Impact of Adoption on Prepaid Commissions Expense on Balance Sheet and Statement of Operations

In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on prepaid commissions expense on the balance sheet as of March 31, 2019 and the statement of operations for the three months ended March 31, 2019 is as follows:

 

 

 

March 31, 2019

 

 

 

As Reported

 

 

Balance Without Adoption of ASC 606

 

 

Effect of Change

Higher/(Lower)

 

Balance Sheet

 

 

 

 

 

 

 

 

 

 

 

 

Current portion of prepaid commission expense

 

$

59

 

 

$

-

 

 

$

59

 

Prepaid commission expense

 

 

456

 

 

 

-

 

 

 

456

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months ended March 31, 2019

 

 

 

As Reported

 

 

Balance Without Adoption of ASC 606

 

 

Effect of Change

Higher/(Lower)

 

Income Statement

 

 

 

 

 

 

 

 

 

 

 

 

Sales and marketing

 

$

9,592

 

 

$

10,107

 

 

$

(515

)

Net loss

 

 

(7,529

)

 

 

(8,044

)

 

 

515

 

Summary of Percentages of Deferred Revenue by Year

The Company expects to recognize approximately the following percentages of deferred revenue by year:

 

Year:

 

Revenue Recognition

 

2019

 

 

54

%

2020

 

 

11

%

2021

 

 

9

%

2022

 

 

9

%

2023

 

 

9

%

Thereafter

 

 

8

%

Total

 

 

100

%