Recent Accounting Pronouncements

3 Months Ended

Mar. 31, 2018

New Accounting Pronouncement and Changes in Accounting Principles [Abstract]

New Accounting Pronouncements and Changes in Accounting Principles [Text Block]

The cumulative effect of the changes made to our consolidated January 1, 2018 balance sheet for the adoption of ASC 606 is as follows (in thousands):

	Balance at January 1, 2018
	As Reported		Adoption of ASC 606		As Adjusted
Contract receivables, net	$	13,997	$	(10)	$	13,987
Deferred tax assets		7,167		(241)		6,926
Billings in excess of revenue earned		14,543		(906)		13,637
Accumulated deficit		(42,870)		655		(42,215)

The impact of adoption on our consolidated statement of operations and balance sheet was as follows (in thousands):

Income Statement

	For the three months ended March 31, 2018
	As Reported		Balance without adoption of ASC 606		Effect of Change
Revenue	$	22,895	$	22,852	$	43
Gross profit		4,898		4,855		43
Provision for income taxes		259		231		(28)
Net loss		(1,496)		(1,511)		15

Balance Sheet

	March 31, 2018
	As Reported		Balance without adoption of ASC 606		Effect of Change
Contract receivables, net	$	18,757	$	18,874	$	(117)
Deferred tax assets		6,336		6,605		(269)
Billings in excess of revenue earned		12,592		13,648		(1,056)
Accumulated deficit		(43,711)		(44,381)		670