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)
9 Months Ended
Sep. 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 is 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 nine months ended September 30, 2018:
 
Three Months Ended September 30, 2018
 
Nine Months Ended September 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
$
5,653

 
$
153

 
$
5,806

 
$
18,110

 
$
577

 
$
18,687

Cost of revenues
2,115

 
6

 
2,121

 
6,633

 
24

 
6,657

Sales and marketing
1,796

 
12

 
1,808

 
6,388

 
50

 
6,438

Net income (loss)
2,396

 
135

 
2,531

 
(3,665
)
 
503

 
(3,162
)
Net change in foreign currency translation adjustments
(87
)
 
2

 
(85
)
 
(233
)
 
12

 
(221
)
Total comprehensive income (loss)
2,309

 
137

 
2,446

 
(3,898
)
 
515

 
(3,383
)
The following table summarizes the effects of adopting Topic 606 on the Company’s condensed consolidated balance sheet as of September 30, 2018:
 
September 30, 2018
 
As reported under Topic 606
 
Adjustments
 
Balances without adoption of Topic 606
Assets:
 
 
 
 
 
Contract assets
156

 
(156
)
 

Prepaid expenses and other current assets
1,932

 
33

 
1,965

Other assets, non-current
925

 
2

 
927

Liabilities:
 

 
 
 
 
Deferred revenue
9,114

 
299

 
9,413

Deferred revenue, non-current
1,483

 
(1
)
 
1,482

Stockholders’ equity:
 

 
 

 
 
Accumulated deficit
(58,923
)
 
(436
)
 
(59,359
)
Accumulated other comprehensive loss
(2,978
)
 
17

 
(2,961
)
The Company’s net cash used in operating activities for the nine months ended September 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 nine months ended September 30, 2018:
 
Nine Months Ended September 30, 2018
 
As reported under Topic 606
 
Adjustments
 
Balances without adoption of Topic 606
Operating activities:
 

 
 
 
 
Net loss
$
(3,665
)
 
$
503

 
$
(3,162
)
Adjustments to reconcile net loss to net cash used in operating activities:
 
 
 
 


Changes in operating assets and liabilities:
 
 
 
 


Contract assets
394

 
(394
)
 

Prepaid expenses and other assets
291

 
74

 
365

Deferred revenue
2,283

 
(183
)
 
2,100