REVENUE RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The cumulative effect of the changes made to our condensed consolidated balance sheet as of January 1, 2018 for the adoption of the new standard was as follows:

The following table summarizes the impact of the adoption on our Condensed Consolidated Balance Sheet and Condensed Consolidated Statement of Comprehensive Loss as of March 31, 2018:

	March 31, 2018
	As Reported			Balances Without Adoption of ASC 606			Effect of Change Increase/(Decrease)
BALANCE SHEET
ASSETS
Prepaid expenses and other current assets	$	523,000		$	496,000		$	27,000
LIABILITIES AND STOCKHOLDERS' EQUITY
Deferred revenue, current	$	148,000		$	137,000		$	11,000
Accumulated deficit	$	(73,464,000	)	$	(73,480,000	)	$	16,000

	March 31, 2018
	As Reported			Activity Without Adoption of ASC 606			Effect of Change Increase/(Decrease)
STATEMENT OF COMPREHENSIVE LOSS
Revenue	$	157,000		$	205,000		$	(48,000	)
Net loss	$	(5,716,000	)	$	(5,668,000	)	$	48,000

Disaggregation of Revenue

Summary of changes in contract assets and liabilities for the period from January 1, 2018 to March 31, 2018:

Contract asset
Contract asset, January 1, 2018	$	67,000
Contract assets at beginning of year transferred to accounts receivable	(42,000		)
Contract assets recorded on contracts during the period	2,000
Contract asset, March 31, 2018	$	27,000
Contract liability
Contract liability, January 1, 2018	$	140,000
Recognition of revenue included in beginning of year contract liability	(72,000		)
Contract liability, net of revenue recognized on contracts during the period	208,000
Foreign currency translation	2,000
Contract liability, March 31, 2018	$	278,000

Revenue from External Customers by Geographic Areas

The following table presents our disaggregated revenues for the period from January 1, 2018 to March 31, 2018:

	Three Months Ended   March 31,2018
Revenue by geographic region:
United States	$	137,000
Switzerland	20,000
Total revenue	$	157,000
Revenue by source:
Design services	$	107,000
Royalties	50,000
Total revenue	$	157,000