Restatement of Previously Issued Condensed Financial Statements (Tables)

6 Months Ended

Jun. 30, 2018

Restatement of Previously Issued Condensed Financial Statements

Schedules that summarizes the impact of the restatement

The following table summarizes the impact of the restatement on select unaudited condensed balance sheet line items (in thousands):

	As
	previously
June 30, 2018	reported		Adjustment		(As restated)
Assets
Current assets:
Inventory	$	9,621	$	(770)	$	8,851
Total current assets		48,668		(770)		47,898
Total assets	$	52,334	$	(770)	$	51,564
Accumulated deficit		(124,115)		(770)		(124,885)
Total stockholders’ equity		31,753		(770)		30,983
Total liabilities and stockholders’ equity	$	52,334	$	(770)	$	51,564

The following table summarizes the impact of the restatement on select unaudited condensed statement of operations line items (in thousands, except per share data):

	As
	previously
Three Months Ended June 30, 2018	reported		Adjustment		(As restated)
Cost of sales	$	5,459	$	770	$	6,229
Gross profit		5,306		(770)		4,536
Loss from operations		(6,509)		(770)		(7,279)
Net loss and comprehensive loss	$	(6,599)	$	(770)	$	(7,369)
Net loss per common share, basic and diluted	$	(0.40)	$	(0.04)	$	(0.44)

	As
	previously
Six Months Ended June 30, 2018	reported		Adjustment		(As restated)
Cost of sales	$	10,357	$	770	$	11,127
Gross profit		15,261		(770)		14,491
Loss from operations		(7,619)		(770)		(8,389)
Net loss and comprehensive loss	$	(7,876)	$	(770)	$	(8,646)
Net loss per common share, basic and diluted	$	(0.50)	$	(0.05)	$	(0.55)

The following table summarizes the impact of the restatement on select unaudited condensed statement of cash flows line items (in thousands):

	As
	previously
Six Months Ended June 30, 2018	reported		Adjustment		(As restated)
Cash flows from operating activities
Net loss	$	(7,876)	$	(770)	$	(8,646)
Inventory		170		770		940