Significant accounting policies (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of impact on consolidated balance sheet and statement of operations due to adoption of ASU 606

In accordance with the reporting requirements of ASC 606, the disclosure of the impact on the Company's consolidated balance sheet and statement of operations, as a result of adopting the provisions of ASC 606, was as follows (in thousands):


											Prior to
											adoption of
	As				Adjusted under		As reported				ASC 606
	reported				ASC 606		September 30,				September 30,
	December 31, 2018		Adjustments		January 1, 2019		2019		Adjustments		2019
Assets:
Accounts receivable	$	6,792	$	47	$	6,839	$	11,914	$	—	$	11,914
Prepaid expenses and other current assets		2,330		288		2,618		2,297		290		2,007
Other non-current assets		536		19		555		574		18		592

Liabilities:
Deferred revenue		5,437		43		5,394		4,909		175		5,084
Deferred revenue, net of current portion		520		43		477		357		9		366

Stockholders’ equity:
Accumulated deficit	$	(175,888)	$	(440)	$	(175,448)	$	(205,286)	$	(492)	$	(205,778)


	For the Three Months Ended September 30, 2019						For the Nine Months Ended September 30, 2019
					Under ASC						Under ASC
	Under ASC 606		Adjustment		605		Under ASC 606		Adjustment		605
Product revenue	$	10,737	$	(332)	$	10,405	$	29,059	$	(381)	$	28,678
Service revenue		4,207		97		4,304		11,757		228		11,985
COGS		7,911		3		7,914		20,847		6		20,853
Gross profit		7,033		(238)		6,795		19,969		(159)		19,810
Selling general and administrative expenses		13,352		(55)		13,297		38,293		4		38,297
Net loss	$	(9,870)	$	(183)	$	(10,053)	$	(29,838)	$	(163)	$	(30,001)

The adoption of ASC 606 is discussed in further detail in Note 3.