20. Revision of Prior Period Financial Statements (Unaudited)

We identified an immaterial error in the first three quarters of fiscal year 2020 related to the recognition of certain revenue as “net,” when in fact the revenue should have been recorded on as “gross” basis. We revised the first three quarters of fiscal year 2020 for this error. A summary of revisions for our previously reported financial statements are presented below (in thousands, except per share data). There were no effects on the Consolidated Balance Sheets or Consolidated Statements of Cash Flows for the periods below.


	For the three months ended December 31, 2019
	As reported		Adjustment		As revised
Sales:
Product	$	13,222	$	337	$	13,559
Services		3,350		(51)		3,299
Total sales		16,572		286		16,858

Cost of sales:
Product		11,318		286		11,604
Services		1,223		—		1,223
Total cost of sales		12,541		286		12,827

Gross profit	$	4,031	$	—	$	4,031

Operating loss	$	(402)	$	—	$	(402)

Net loss	$	(540)	$	—	$	(540)

Net loss per share – basic	$	(0.14)	$	—	$	(0.14)
Net loss per share – diluted	$	(0.14)	$	—	$	(0.14)


	For the three months ended March 31, 2020						For the six months ended March 31, 2020
	As reported		Adjustment		As revised		As reported		Adjustment		As revised
Sales:
Product	$	12,296	$	850	$	13,146	$	25,518	$	1,187	$	26,705
Services		3,799		(62)		3,737		7,149		(113)		7,036
Total sales		16,095		788		16,883		32,667		1,074		33,741

Cost of sales:
Product		10,245		788		11,033		21,563		1,074		22,637
Services		1,367		—		1,367		2,590		—		2,590
Total cost of sales		11,612		788		12,400		24,153		1,074		25,227

Gross profit	$	4,483	$	—	$	4,483	$	8,514	$	—	$	8,514

Operating loss	$	(143)	$	—	$	(143)	$	(545)	$	—	$	(545)

Net loss	$	(732)	$	—	$	(732)	$	(1,272)	$	—	$	(1,272)

Net loss per share – basic	$	(0.18)	$	—	$	(0.18)	$	(0.32)	$	—	$	(0.32)
Net loss per share – diluted	$	(0.18)	$	—	$	(0.18)	$	(0.32)	$	—	$	(0.32)


	For the three months ended June 30, 2020						For the nine months ended June 30, 2020
	As reported		Adjustment		As revised		As reported		Adjustment		As revised
Sales:
Product	$	10,294	$	105	$	10,399	$	35,812	$	1,292	$	37,104
Services		3,238		143		3,381		10,387		30		10,417
Total sales		13,532		248		13,780		46,199		1,322		47,521

Cost of sales:
Product		8,361		239		8,600		29,924		1,313		31,237
Services		947		9		956		3,537		9		3,546
Total cost of sales		9,308		248		9,556		33,461		1,322		34,783

Gross profit	$	4,224	$	—	$	4,224	$	12,738	$	—	$	12,738

Operating loss	$	(393)	$	—	$	(393)	$	(938)	$	—	$	(938)

Net loss	$	(210)	$	—	$	(210)	$	(1,482)	$	—	$	(1,482)

Net loss per share – basic	$	(0.05)	$	—	$	(0.05)	$	(0.37)	$	—	$	(0.37)
Net loss per share – diluted	$	(0.05)	$	—	$	(0.05)	$	(0.37)	$	—	$	(0.37)