Quarterly report pursuant to Section 13 or 15(d)

Nature of Business and Basis of Presentation Accounting Standards Recently Adopted (Tables)

v3.10.0.1
Nature of Business and Basis of Presentation Accounting Standards Recently Adopted (Tables)
6 Months Ended
Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments
The cumulative effect of the changes made to our January 1, 2018 condensed consolidated balance sheet from the modified retrospective adoption of Topic 606 was as follows (in thousands):
 
December 31,
2017
 
Adjustments
 
January 1,
2018
Assets:
 
 
 
 
 
Contract assets
$

 
$
550

 
$
550

Prepaid expenses and other current assets
1,830

 
(99
)
 
1,731

Other assets, non-current
4,398

 
(10
)
 
4,388

Liabilities:
 

 
 

 
 
Deferred revenue
8,923

 
(493
)
 
8,430

Deferred revenue, non-current
141

 

 
141

Stockholders’ equity:
 

 
 

 
 
Accumulated deficit
(56,197
)
 
939

 
(55,258
)
Accumulated other comprehensive loss
(2,740
)
 
(5
)
 
(2,745
)
Recently Issued Accounting Standards
The following table summarizes the effects of adopting Topic 606 on the Company’s condensed consolidated statement of operations and comprehensive income (loss) for the three and six months ended June 30, 2018:
 
Three Months Ended June 30, 2018
 
Six Months Ended June 30, 2018
 
As reported under Topic 606
 
Adjustments
 
Balances without adoption of Topic 606
 
As reported under Topic 606
 
Adjustments
 
Balances without adoption of Topic 606
Revenues
$
7,626

 
$
240

 
$
7,866

 
$
12,457

 
$
424

 
$
12,881

Cost of revenues
2,406

 
10

 
2,416

 
4,518

 
18

 
4,536

Sales and marketing
2,412

 
14

 
2,426

 
4,592

 
38

 
4,630

Net loss
(1,531
)
 
216

 
(1,315
)
 
(6,061
)
 
368

 
(5,693
)
Net change in foreign currency translation adjustments
(769
)
 
14

 
(755
)
 
(146
)
 
10

 
(136
)
Total comprehensive loss
(2,300
)
 
230

 
(2,070
)
 
(6,207
)
 
378

 
(5,829
)
The following table summarizes the effects of adopting Topic 606 on the Company’s condensed consolidated balance sheet as of June 30, 2018:
 
June 30, 2018
 
As reported under Topic 606
 
Adjustments
 
Balances without adoption of Topic 606
Assets:
 
 
 
 
 
Contract assets
339

 
(339
)
 

Prepaid expenses and other current assets
1,934

 
50

 
1,984

Other assets, non-current
4,200

 
3

 
4,203

Liabilities:
 

 
 
 
 
Deferred revenue
8,514

 
275

 
8,789

Deferred revenue, non-current
947

 
(5
)
 
942

Stockholders’ equity:
 

 
 

 
 
Accumulated deficit
(61,319
)
 
(571
)
 
(61,890
)
Accumulated other comprehensive loss
(2,891
)
 
15

 
(2,876
)
The Company’s net cash used in operating activities for the six months ended June 30, 2018 did not change due to the adoption of Topic 606. The following table summarizes the effects of adopting Topic 606 on the financial statement line items of the Company’s condensed consolidated statement of cash flows for the six months ended June 30, 2018:
 
Six Months Ended June 30, 2018
 
As reported under Topic 606
 
Adjustments
 
Balances without adoption of Topic 606
Operating activities:
 

 
 
 
 
Net loss
$
(6,061
)
 
$
368

 
$
(5,693
)
Adjustments to reconcile net loss to net cash used in operating activities:
 
 
 
 


Changes in operating assets and liabilities:
 
 
 
 


Contract assets
211

 
(211
)
 

Prepaid expenses and other assets
197

 
56

 
253

Deferred revenue
938

 
(213
)
 
725