XML 41 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Tables) - Accounting Standards Update 2014-09
12 Months Ended
Dec. 31, 2018
Summary Of Significant Accounting Policies [Line Items]  
Schedule of Cumulative Effect of Changes to Consolidated Balance Sheet for Adoption of New Revenue Guidance

The cumulative effect of the changes made to the consolidated January 1, 2018 balance sheet for the adoption of the new revenue guidance was as follows (in thousands):

 

 

 

Balance at

December 31, 2017

 

 

Adjustments

due to new

revenue

guidance

 

 

 

Balance at

January 1, 2018

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable, net

 

$

2,789

 

 

$

(111

)

(1)

 

$

2,678

 

Deferred costs from commercial product

   sales

 

 

405

 

 

 

(405

)

(2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

Accrued expenses and other current

   liabilities

 

$

12,449

 

 

$

649

 

(3)

 

$

13,098

 

Deferred revenue, net

 

 

3,038

 

 

 

(3,038

)

(4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated deficit

 

$

(2,854,898

)

 

$

1,873

 

(5)

 

$

(2,853,025

)

 

(1)

To establish a reserve for product returns

(2)

To eliminate deferred costs from commercial product sales previously required by the sell-through method

(3)

To record additional accrual for estimated voucher payments related to inventory remaining in the distribution channel at January 1, 2018

(4)

To eliminate deferred revenue previously required by the sell-through method

(5)

To record the net impact of (1)-(4) in opening accumulated deficit

Schedule of Adoption of New Revenue Guidance Impact on Financial Statements

In accordance with the new revenue guidance, the disclosure of the impact of adoption on the consolidated balance sheet consolidated statement of operations and cash flows was as follows (in thousands):

 

Consolidated Balance Sheet

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year December 31, 2018

 

 

 

As Reported

 

 

Adjustments

 

 

Balances without

adoption of Topic

606

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable, net

 

$

4,017

 

 

$

314

 

 

$

4,331

 

Deferred costs from commercial product

   sales

 

 

 

 

 

875

 

 

 

875

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Accrued expenses and other current

   liabilities

 

$

15,022

 

 

$

(751

)

 

$

14,271

 

Deferred revenue, net

 

 

 

 

 

3,937

 

 

 

3,937

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated deficit

 

$

(2,940,000

)

 

$

(1,997

)

 

$

(2,941,997

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Statement of

   Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year December 31, 2018

 

 

 

As Reported

 

 

Adjustments

 

 

Balances without

adoption of Topic

606

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue - commercial product sales

 

$

17,276

 

 

$

(486

)

 

$

16,790

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold

 

$

19,402

 

 

$

(754

)

 

$

18,648

 

Net loss

 

 

(86,975

)

 

 

(267

)

 

 

(87,242

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 2018

 

 

 

As Reported

 

 

Adjustments

 

 

Balances without

adoption of Topic

606

 

Cash Flows from Operating Activities

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(86,975

)

 

$

(267

)

 

$

(87,242

)

Change in:

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable, net

 

 

(1,339

)

 

 

2,567

 

 

 

1,228

 

Deferred costs from commercial product

   sales

 

 

 

 

 

470

 

 

 

470

 

Accrued expenses and other current

   liabilities

 

 

2,249

 

 

 

(751

)

 

 

1,498

 

Deferred revenue, net

 

 

 

 

 

(899

)

 

 

(899

)

Cash (used in) provided by operating

   activities

 

 

(37,731

)

 

 

1,120

 

 

 

(36,611

)