| Schedule of Changes in Account Balances as a Result to Adoption of ASC 606 |
The following reflect the changes in account balances as a result to adoption of ASC 606:
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Three months ended, March 31, 2019 (unaudited)
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As Reported
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Balances
Without
Adoption
of Topic
606
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Effect of
Change
Higher/(Lower)
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|
|
Net revenues
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$
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26,484
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$
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26,484
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$
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-
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|
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Cost of revenues
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17,463
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|
17,105
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358
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Gross profit
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9,021
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9,379
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(358
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)
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Operating expenses:
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Research and development
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6,961
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8,401
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(1,440
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)
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Sales and marketing
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3,726
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3,726
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—
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General and administrative
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2,476
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2,476
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—
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Total operating expenses
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13,163
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14,603
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(1,440
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)
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Loss from operations
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(4,142
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)
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(5,224
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)
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1,082
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Interest expense
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(422
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)
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(422
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)
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—
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Other expense, net
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(265
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)
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(265
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)
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—
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Loss before income taxes
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(4,829
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)
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(5,911
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)
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1,082
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Income tax expense
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(295
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)
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(295
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)
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—
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Net loss
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$
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(5,124
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)
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$
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(6,206
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)
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$
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1,082
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Net loss per share, basic and diluted
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$
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(0.32
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)
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$
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(0.39
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)
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$
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0.07
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Weighted–average shares used in computing
net loss per share, basic and diluted
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|
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15,783,744
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15,783,744
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| Summary of Revenue From Customers |
The following table presents our Net revenue disaggregated by product category:
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Three Months Ended March 31,
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2020
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2019
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(in thousands)
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Smartphones
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$
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6,218
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$
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14,412
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Feature Phones
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5,901
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10,331
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Accessories/Other
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587
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1,741
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Total Revenue
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$
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12,706
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$
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26,484
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| Summary of Contract Balances |
The following table is a rollforward of contract balances as of March 31, 2020:
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Contractual
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Liability
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Balance at January 1, 2020
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$
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291
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Recognition of revenue
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—
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Addition of revenue
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15
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Balance at March 31, 2020
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$
|
306
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