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Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2018
 
 
 
Product revenue
$
2,407,652

$
(1,424,007
)
$
983,645

Support and services revenue
2,840,818

187,118

3,027,936

Selling and marketing
850,951

21,158

872,109

Provision for income taxes
551


551

Net income (loss)
211,627

(1,215,731
)
(1,004,104
)
Net loss attributable to common stockholders
(80,981
)
(1,215,731
)
(1,296,712
)
Basic net income (loss) per share attributable to common stockholders

(0.02
)
(0.02
)
Diluted net income (loss) per share attributable to common stockholders

(0.02
)
(0.02
)
Statements of Operations
Under Previous Guidance
New Revenue Standard Adjustment
Under Current Accounting Guidance
Six Months Ended June 30, 2018
 
 
 
Product revenue
$
4,075,136

$
(1,157,547
)
$
2,917,589

Support and services revenue
6,087,941


6,087,941

Selling and marketing
2,009,672

55,987

2,065,659

Provision for income taxes
62,990


62,990

Net income (loss)
604,333

(1,101,560
)
(497,227
)
Net loss attributable to common stockholders
(2,238,589
)
(1,101,560
)
(3,340,149
)
Basic net loss per share attributable to common stockholders
(0.03
)
(0.02
)
(0.05
)
Diluted net loss per share attributable to common stockholders
(0.03
)
(0.02
)
(0.05
)

Balance Sheets
Under Previous Guidance
New Revenue Standard Adjustment
Under Current Accounting Guidance
June 30, 2018
 
 
 
Prepaid expenses and other current assets
$
948,272

$
305,743

$
1,254,015

Contract assets, net, current

1,477,619

1,477,619

Contract assets, net, long-term

1,460,494

1,460,494

Deferred revenue, net, current
10,842,101

(3,596,977
)
7,245,124

Deferred tax liabilities, net
85,559


85,559

Deferred revenue, net, long-term
5,250,834

(824,196
)
4,426,638

Accumulated deficit
(130,161,907
)
7,665,029

(122,496,878
)