XML 37 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Impact on Financial Results from Adopting Revenue Recognition Standard
Following is a summary of the impact to the Company’s current financial results from adopting the new revenue recognition standard:

Statements of Operations
Under Previous Guidance
New Revenue Standard Adjustment
Under Current Accounting Guidance
Three Months Ended March 31, 2018
 
 
 
Product revenue
$
1,667,484

$
266,460

$
1,933,944

Support and services revenue
3,247,123

(187,118
)
3,060,005

Selling and marketing
1,158,721

34,829

1,193,550

Provision for income taxes
62,439


62,439

Net income
392,706

114,171

506,877

Net income attributable to common stockholders
(2,157,608
)
114,171

(2,043,437
)
Basic net income per share attributable to common stockholders
(0.05
)

(0.05
)
Diluted net income per share attributable to common stockholders
(0.05
)

(0.05
)

Balance Sheets
Under Previous Guidance
New Revenue Standard Adjustment
Under Current Accounting Guidance
March 31, 2018
 
 
 
Prepaid expenses and other current assets
1,036,979

378,971

1,415,950

Contract assets, net, current
$

$
1,624,533

$
1,624,533

Contract assets, net, long-term
$

$
1,786,369

$
1,786,369

Deferred revenue, net, current
12,407,725

(5,016,354
)
7,391,371

Deferred tax liabilities, net
85,559


85,559

Deferred revenue, net, long-term
6,106,637

(358,189
)
5,748,448

Accumulated deficit
(130,657,192
)
9,164,416

(121,492,776
)