Restructuring Costs

3 Months Ended

Mar. 31, 2021

Restructuring and Related Activities [Abstract]

Restructuring Costs

Restructuring Costs

    In June 2017, the Board approved a comprehensive plan to increase operating performance (the “2017 Plan”). The 2017 Plan was substantially completed by the end of the Company’s fiscal year ended December 31, 2017, and when combined with previous workforce reductions in the second quarter of fiscal 2017 reduced the Company’s workforce to

approximately 86 employees at December 31, 2018. In making these changes, the Company prioritized customer support and development while consolidating operations and streamlining direct sales resources, allowing the Company to focus on the install base and develop alternate channels to the market. As part of this consolidation effort, the Company vacated a portion of its former Melville, NY office space during the three months ended June 30, 2018. During the three months ended March 31, 2021, the Company incurred lease disposal-related costs for this property of $0.3 million. The Melville, NY lease which ended on April 30, 2021 with a gross annualized rental cost of $1.5 million, will not be replaced. The Company expects the remaining accrued severance-related costs of $132,129 as of March 31, 2022 to be paid once final settlement litigation is completed, which is expected to occur by December 31, 2022.

The following table summarizes the activity during 2021 through March 31, 2022 related to restructuring liabilities recorded in connection with the 2017, 2019 and 2020 Plans:

	Severance Related Costs		Facility and Other Costs		Total
Balance at January 1, 2021	$	239,444	$	75,466	$	314,910
Provisions/Additions	—		302,313		302,313
Translation Adjustment	(10,393)		—		(10,393)
Utilized/Paid	—		(357,184)		(357,184)
Balance at March 31, 2021	$	229,051	$	20,595	$	249,646
Provisions/Additions	—		421,737		421,737
Translation Adjustment	2,734		—		2,734
Utilized/Paid	(90,445)		(442,332)		(532,777)
Balance at June 30, 2021	$	141,340	$	—	$	141,340
Translation Adjustment	(3,429)		—		(3,429)
Balance at September 30, 2021	$	137,911	$	—	$	137,911
Translation Adjustment	(3,248)		—		(3,248)
Balance at December 31, 2021	$	134,663	$	—	$	134,663
Provisions/Additions	—		744		744
Translation Adjustment	(2,534)		—		(2,534)
Balance at March 31, 2022	$	132,129	$	744	$	132,873

    The severance and facility related liabilities are included within “accrued expenses” in the accompanying condensed consolidated balance sheets. The expenses under the 2017 Plan are included within “restructuring costs” in the accompanying condensed consolidated statements of operations.