Schedule of Changes in Account Balances as a Result of the Adoptions of ACS 606 |
The following reflect the changes in account balances as a result of the adoptions of ACS 606:
December 31, 2019
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As Reported
|
|
|
Balances
Without
Adoption
of Topic
606
|
|
|
Effect of
Change
Higher/(Lower)
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
11,298
|
|
|
$
|
11,298
|
|
|
$
|
—
|
|
Accounts receivable, net
|
|
|
10,082
|
|
|
|
10,082
|
|
|
|
—
|
|
Inventory
|
|
|
19,531
|
|
|
|
19,531
|
|
|
|
—
|
|
Prepaid expenses and other current assets
|
|
|
6,430
|
|
|
|
6,430
|
|
|
|
—
|
|
Total current assets
|
|
|
47,341
|
|
|
|
47,341
|
|
|
|
—
|
|
Property and equipment, net
|
|
|
1,442
|
|
|
|
1,442
|
|
|
|
—
|
|
Other assets
|
|
|
6,676
|
|
|
|
2,337
|
|
|
|
4,339
|
|
Total assets
|
|
$
|
55,459
|
|
|
$
|
51,120
|
|
|
$
|
4,339
|
|
Liabilities and stockholders’ equity
|
|
|
|
|
|
|
|
|
|
|
|
|
Current portion of long-term debt
|
|
$
|
9,821
|
|
|
$
|
9,821
|
|
|
$
|
—
|
|
Accounts payable
|
|
|
7,234
|
|
|
|
7,234
|
|
|
|
—
|
|
Accrued expenses
|
|
|
10,265
|
|
|
|
10,265
|
|
|
|
—
|
|
Deferred revenue
|
|
|
291
|
|
|
|
291
|
|
|
|
—
|
|
Total current liabilities
|
|
|
27,611
|
|
|
|
27,611
|
|
|
|
—
|
|
Income tax payable
|
|
|
1,961
|
|
|
|
1,931
|
|
|
|
30
|
|
Long-term debt, less current portion
|
|
|
362
|
|
|
|
362
|
|
|
|
—
|
|
Total liabilities
|
|
|
29,934
|
|
|
|
29,904
|
|
|
|
30
|
|
Commitments and contingencies
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock
|
|
|
20
|
|
|
|
20
|
|
|
|
—
|
|
Preferred Stock
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
Additional paid-in capital
|
|
|
191,751
|
|
|
|
191,751
|
|
|
|
—
|
|
Accumulated deficit
|
|
|
(166,246
|
)
|
|
|
(170,555
|
)
|
|
|
4,309
|
|
Total stockholders’ equity
|
|
|
25,525
|
|
|
|
21,216
|
|
|
|
4,309
|
|
Total liabilities and stockholders’ equity
|
|
$
|
55,459
|
|
|
$
|
51,120
|
|
|
$
|
4,339
|
|
December 31, 2019
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As Reported
|
|
|
Balances
Without
Adoption
of Topic
606
|
|
|
Effect of
Change
Higher/(Lower)
|
|
Net revenues
|
|
$
|
116,251
|
|
|
$
|
116,251
|
|
|
$
|
-
|
|
Cost of revenues
|
|
|
81,742
|
|
|
|
80,258
|
|
|
|
1,484
|
|
Gross profit
|
|
|
34,509
|
|
|
|
35,993
|
|
|
|
(1,484
|
)
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
26,064
|
|
|
|
28,742
|
|
|
|
(2,678
|
)
|
Sales and marketing
|
|
|
13,908
|
|
|
|
13,908
|
|
|
|
—
|
|
General and administrative
|
|
|
16,182
|
|
|
|
16,182
|
|
|
|
—
|
|
Restructuring costs
|
|
|
736
|
|
|
|
736
|
|
|
|
—
|
|
Total operating expenses
|
|
|
56,890
|
|
|
|
59,568
|
|
|
|
(2,678
|
)
|
Income (loss) from operations
|
|
|
(22,381
|
)
|
|
|
(23,575
|
)
|
|
|
1,194
|
|
Interest expense
|
|
|
(1,522
|
)
|
|
|
(1,522
|
)
|
|
|
-
|
|
Other expense, net
|
|
|
(543
|
)
|
|
|
(543
|
)
|
|
|
-
|
|
Income (loss) before income taxes
|
|
|
(24,446
|
)
|
|
|
(25,640
|
)
|
|
|
1,194
|
|
Income tax expense
|
|
|
(1,388
|
)
|
|
|
(1,388
|
)
|
|
|
-
|
|
Net income (loss)
|
|
|
(25,834
|
)
|
|
|
(27,028
|
)
|
|
|
1,194
|
|
Net loss attributable to common stockholders
|
|
$
|
(25,834
|
)
|
|
$
|
(27,028
|
)
|
|
$
|
1,194
|
|
Net loss per share, basic and diluted
|
|
$
|
(1.39
|
)
|
|
$
|
(1.45
|
)
|
|
$
|
0.06
|
|
Weighted–average shares used in computing
net loss per share, basic and diluted
|
|
|
18,603,582
|
|
|
|
18,603,582
|
|
|
|
|
|
|
Summary of Revenue From Customers |
The summary of revenue from these two customers was as follows:
|
|
December 31
|
|
|
|
2018
|
|
Customer A
|
|
$
|
1,067
|
|
Customer B
|
|
|
3,101
|
|
Total revenues
|
|
$
|
4,168
|
|
The following table presents our Net revenue disaggregate by product category for the years ended:
|
|
Year Ended December 31,
|
|
|
|
|
2019
|
|
|
2018
|
|
|
|
|
(in thousands)
|
|
|
Smartphones
|
|
$
|
57,981
|
|
|
$
|
89,379
|
|
|
Feature Phones
|
|
|
52,714
|
|
|
|
35,510
|
|
|
Accessories/Other
|
|
|
5,556
|
|
|
|
10,776
|
|
|
Total Revenue
|
|
$
|
116,251
|
|
|
$
|
135,665
|
|
|
|