XML 35 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
Revenue (Tables)
 9 Months Ended
Sep. 30, 2018
Schedule of Changes in Contract Cost

The following table summarizes the changes in the Company’s contract asset balance during the nine months ended September 30, 2018 (in thousands):

 

 

Deferred contract acquisition costs as of January 1, 2018   $ 76  
Costs capitalized     12  
Amortization     (29 )
Impairment     (59 )
Deferred contract acquisition costs as of September 30, 2018   $ -  
Schedule of Impact the Adoption of ASC 606 on Consolidated Financial Statements

The following tables summarize the impact the adoption of ASC 606 had on the Company’s consolidated financial statements (in thousands, except per share data):

 

Condensed Consolidated Balance Sheet:

 

    As reported
September 30, 2018		     Adjustments     Balances without adoption of ASC 606  
Total current assets   $ 26,657     $ 68     $ 26,725  
Total noncurrent assets     33,174       -       33,174  
Total assets   $ 59,831     $ 68     $ 59,899  
                         
Total current liabilities   $ 13,725     $ 83     $ 13,808  
Total noncurrent liabilities     13,723       -       13,723  
Total liabilities     27,448       83       27,531  
                         
Retained earnings     13,884       (15 )     13,869  
Other stockholders’ equity     18,499       -       18,499  
Total stockholders’ equity     32,383       (15 )     32,368  
Total liabilities and stockholders’ equity   $ 59,831     $ 68     $ 59,899  

 

Condensed Consolidated Statements of Operations:

 

    As reported for the three months ended
September 30, 2018		     Adjustments     Balances without adoption of ASC 606  
Total net revenues   $ 16,453     $ 102     $ 16,555  
Total cost of revenues     12,923       81       13,004  
Gross profit     3,530       21       3,551  
Total selling and administrative expenses     4,523       (60 )     4,463  
Loss on disposal of assets     (799 )     -       (799 )
Loss from operations     (1,792 )     81       (1,711 )
Other income     561       -       561  
Loss before income taxes and equity method investment income     (1,231 )     81       (1,150 )
Income tax expense     497       -       497  
Equity method investment income     507       -       507  
Net loss   $ (1,221 )   $ 81     $ (1,140 )
Net loss per share of common stock:                        
Basic   $ (0.08 )           $ (0.08 )
Diluted   $ (0.08 )           $ (0.08 )

  

    As reported for the
nine months ended
September 30, 2018		     Adjustments     Balances without adoption of ASC 606  
Total net revenues   $ 46,458     $ 187     $ 46,645  
Total cost of revenues     38,788       204       38,992  
Gross profit     7,670       (17 )     7,653  
Total selling and administrative expenses     15,939       (78 )     15,861  
Loss on disposal of assets     (2,130 )     -       (2,130 )
Loss from operations     (10,399 )     61       (10,338 )
Other income     718       -       718  
Loss before income taxes and equity method investment loss     (9,681 )     61       (9,620 )
Income tax expense     1,837       -       1,837  
Equity method investment loss     (244 )     -       (244 )
Net loss   $ (11,762 )   $ 61     $ (11,701 )
Net loss per share of common stock:                        
Basic   $ (0.82 )           $ (0.81 )
Diluted   $ (0.82 )           $ (0.81 )
Major Source [Member]  
Schedule of Disaggregation of Revenue

The following table disaggregates the Company’s revenue by major source for the three months ended September 30, 2018 (in thousands):

 

    Cinema     Digital Media     Other     Eliminations     Total  
Screen system sales   $ 5,005     $ -     $ -     $ -     $ 5,005  
Digital equipment sales     2,134       630       -       (44 )     2,720  
Field maintenance and monitoring services     2,966       1,372       -       (129 )     4,209  
Installation services     712       1,069       -       -       1,781  
Extended warranty sales     213       -       -       -       213  
Advertising     -       1,480       -       -       1,480  
Other     530       499       16       -       1,045  
Total   $ 11,560     $ 5,050     $ 16     $ (173 )   $ 16,453  

 

The following table disaggregates the Company’s revenue by major source for the nine months ended September 30, 2018 (in thousands):

 

    Cinema     Digital Media     Other     Eliminations     Total  
Screen system sales   $ 13,240     $ -     $ -     $ -     $ 13,240  
Digital equipment sales     7,228       2,020       -       (278 )     8,970  
Field maintenance and monitoring services     9,011       5,193       -       (344 )     13,860  
Installation services     1,420       3,057       -       -       4,477  
Extended warranty sales     804       -       -       -       804  
Advertising     -       1,948       -       -       1,948  
Other     1,735       1,375       49       -       3,159  
Total   $ 33,438     $ 13,593     $ 49     $ (622 )   $ 46,458  
Timing of Transfer [Member]  
Schedule of Disaggregation of Revenue

The following table disaggregates the Company’s revenue by the timing of transfer of goods or services to the customer for the three months ended September 30, 2018 (in thousands):

 

    Cinema     Digital Media     Other     Eliminations     Total  
Point in time   $ 9,872     $ 3,399     $ -     $ (173 )   $ 13,098  
Over time     1,688       1,651       16       -       3,355  
Total   $ 11,560     $ 5,050     $ 16     $ (173 )   $ 16,453  

 

The following table disaggregates the Company’s revenue by the timing of transfer of goods or services to the customer for the nine months ended September 30, 2018 (in thousands):

 

    Cinema     Digital Media     Other     Eliminations     Total  
Point in time   $ 28,159     $ 7,935     $ -     $ (622 )   $ 35,472  
Over time     5,279       5,658       49       -       10,986  
Total   $ 33,438     $ 13,593     $ 49     $ (622 )   $ 46,458