Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2018

Revenue Recognition Tables

Schedule of disaggregation of revenues

The following table provides information about disaggregated revenue by timing of revenue recognition, (in thousands):

		Three Months Ended June 30, 2018
		Product		Royalty		Contract
		revenue		revenue		revenue		Total
Timing of revenue recognition:
Products transferred at a point in time	$	-	$	-	$	57	$	57
Product and services transferred over time		-		-		1,957		1,957
Total	$	-	$	-	$	2,014	$	2,014

		Six Months Ended June 30, 2018
		Product		Royalty		Contract
		revenue		revenue		revenue		Total
Timing of revenue recognition:
Products transferred at a point in time	$	-	$	11	$	156	$	167
Product and services transferred over time		-		-		4,035		4,035
Total	$	-	$	11	$	4,191	$	4,202

		Three Months Ended June 30, 2017
		Product		Royalty		Contract
		revenue		revenue		revenue		Total
Timing of revenue recognition:
Products transferred at a point in time	$	45	$	106	$	200	$	351
Product and services transferred over time		-		-		988		988
Total	$	45	$	106	$	1,188	$	1,339

		Six Months Ended June 30, 2017
		Product		Royalty		Contract
		revenue		revenue		revenue		Total
Timing of revenue recognition:
Products transferred at a point in time	$	45	$	203	$	457	$	705
Product and services transferred over time		-		-		1,202		1,202
Total	$	45	$	203	$	1,659	$	1,907

Costs in excess of billings and billings in excess of costs

The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers (in thousands):

		June 30,		December 31,
		2018		2017
Accounts receivable, net	$	2,672	$	15
Costs and estimated earnings in excess of
billings on uncompleted contracts		-		680
Other current assets		-		70
Billings on uncompleted contracts in excess
of related costs		446		5
Other current liabilities		10,000		10,000
Deferred revenue		5,000		-

Schedule of contract assets and liabilities

Significant changes in the contract assets and the contract liabilities balances during the period are as follows (in thousands, except percentages):

		June 30,		December 31,
		2018		2017		$ Change	% Change
Contract assets	$	-	$	680	$	(680)	(100.0)
Contract liabilities		(446)		(5)		(441)	8,820.0
Net contract assets (liabilities)	$	(446)	$	675	$	(1,121)	(166.1)

Transaction price allocated to the remaining performance obligations, expected timing

Additionally, the estimated revenue does not include amounts of variable consideration attributable to royalties or unexercised contract renewals (in thousands):

		Remainder of 2018		2019
Product revenue	$	4,308	$	-
Royalty revenue		10,000		-
Contract revenue		4,699		997

Schedule of impacts of adopting ASC 606

In accordance with Topic 606, the disclosure of the impact of adoption to our condensed consolidated statements of operations and balance sheets was as follows (in thousands, except per share data):

		Three Months Ended June 30, 2017
		As previously		New revenue		As
		reported		standard adjustment		restated
Product revenue	$	-	$	45	$	45
Royalty revenue		346		(240)		106
Contract revenue		1,107		81		1,188
Cost of product revenue		135		46		181
Cost of contract revenue		810		2		812
Net loss		(5,494)		(162)		(5,656)
Net loss per share - basic and diluted		(0.08)		-		(0.08)

		Six Months Ended June 30, 2017
		As previously		New revenue		As
		reported		standard adjustment		restated
Product revenue	$	-	$	45	$	45
Royalty revenue		881		(678)		203
Contract revenue		1,364		295		1,659
Cost of product revenue		348		46		394
Cost of contract revenue		1,135		80		1,215
Net loss		(11,141)		(464)		(11,605)
Net loss per share - basic and diluted		(0.16)		(0.01)		(0.17)

	December 31, 2017
		As previously		New revenue		As
		reported		standard adjustment		restated
Costs and estimated earnings incurred on
uncompleted contracts	$	680	$	-	$	680
Other current assets		945		70		1,015
Billings on uncompleted contracts		5		-		5
Deferred revenue - current		999		(999)		-
Deferred revenue - noncurrent		4,151		(4,151)		-
Shareholders' equity:
Accumulated deficit		(524,086)		5,220		(518,866)