Subsequent Events

3 Months Ended

Mar. 31, 2017

Subsequent Events

Subsequent Events

Note 9. Subsequent Event

In April 2017, the Company committed to effect a reduction in the Company’s workforce and associated operating expenses, net loss and cash burn.  The Company will primarily focus its resources on producing and selling its existing products, and will substantially curtail new product development. The Company will reduce headcount by up to 60% with the majority of the reductions occurring in its Santa Clara facility. The Company anticipates that it will fully implement the planned reductions by the end of the second quarter of 2017.  As a result of these reductions, the Company expects to incur approximately $0.6 million of charges for severance benefits and other one-time headcount termination costs. The Company expects that substantially all of these charges will be recognized and paid during the second quarter of 2017.