XML 86 R20.htm IDEA: XBRL DOCUMENT v3.19.3
Related-Party Transactions
9 Months Ended
Sep. 30, 2019
Related Party Transactions [Abstract]  
Related-Party Transactions

12. RELATED-PARTY TRANSACTIONS

The Company has engaged in transactions with one of its strategic investors. With respect to this investor, the Company recorded revenue of $2.7 million and $1.3 million for the three months ended September 30, 2019 and 2018, respectively, and $6.9 million and $2.9 million for the nine months ended September 30, 2019 and 2018, respectively. The Company had accounts receivable balance of $3.5 million and $2.4 million as of September 30, 2019 and December 31, 2018, respectively, related to transaction with this investor. The Company incurred expenses of $0.6 million and $0.2 million with this investor for the three months ended September 30, 2019 and 2018, respectively, and $0.8 million and $0.3 million for the nine months ended September 30, 2019 and 2018, respectively. The Company had a payable of $0.1 million and $1.5 million to this investor as of September 30, 2019 and December 31, 2018, respectively.

In addition, the Company has engaged in transactions with another company in which the Company’s Chief Executive Officer holds a majority voting interest and is a member of such company’s board of directors, and another member of the Company’s Board of Directors is such company’s Chief Executive Officer. With respect to transactions with this other company, the Company incurred expenses of $1.2 million for the three months and nine months ended September 30, 2019. The Company did not consummate any transactions with the other company for the three and nine months ended September 30, 2018. There were no outstanding amounts payable to this other company as of September 30, 2019 and December 30, 2018.