| 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 of adoption of ASC 606:
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Three months ended, September 30, 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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28,850
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$
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28,850
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$
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-
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Cost of revenues
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21,968
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21,602
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366
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Gross profit
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6,882
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7,248
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(366
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)
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Operating expenses:
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Research and development
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6,651
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7,010
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(359
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)
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Sales and marketing
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3,042
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3,042
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—
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General and administrative
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2,870
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2,870
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—
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Restructuring costs
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578
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578
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—
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Total operating expenses
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13,141
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13,500
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(359
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)
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Loss from operations
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(6,259
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)
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(6,252
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)
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(7
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)
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Interest expense
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(235
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)
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(235
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)
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—
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Other expense, net
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(248
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)
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(248
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)
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—
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Loss before income taxes
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(6,742
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)
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(6,735
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)
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(7
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)
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Income tax expense
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(33
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)
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(33
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)
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—
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Net loss
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$
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(6,775
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)
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$
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(6,768
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)
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$
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(7
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)
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Net loss per share, basic and
diluted
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$
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(0.33
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)
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$
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(0.33
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)
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$
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—
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Weighted–average shares used in
computing net loss per share,
basic
and diluted
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20,356,447
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20,356,447
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Nine months ended, September 30, 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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99,081
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$
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99,081
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$
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-
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Cost of revenues
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68,733
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67,644
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1,089
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Gross profit
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30,348
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31,437
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(1,089
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)
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Operating expenses:
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Research and development
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20,996
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23,644
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(2,648
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)
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Sales and marketing
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10,986
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10,986
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—
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General and administrative
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12,770
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12,770
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—
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Restructuring costs
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578
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578
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—
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Total operating expenses
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45,330
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47,978
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(2,648
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)
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Loss from operations
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(14,982
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)
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(16,541
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)
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1,559
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Interest expense
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(1,212
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)
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(1,212
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)
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—
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Other expense, net
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(519
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)
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(519
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)
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—
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Loss before income taxes
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(16,713
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)
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(18,272
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)
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1,559
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Income tax expense
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(785
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)
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(785
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)
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—
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Net loss
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$
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(17,498
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)
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$
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(19,057
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)
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$
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1,559
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Net loss per share, basic and diluted
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$
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(0.97
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)
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$
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(1.05
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)
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$
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0.08
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Weighted–average shares used in
computing
net loss per share,
basic and diluted
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18,085,719
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18,085,719
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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
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Nine Months Ended
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September 30
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September 30
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2020
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2019
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2020
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2019
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Smartphones
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$
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5,684
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$
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11,709
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$
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18,040
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$
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45,578
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Feature Phones
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8,323
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16,224
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28,059
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49,623
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Accessories/Other
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386
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917
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2,058
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3,880
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$
|
14,393
|
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$
|
28,850
|
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$
|
48,157
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$
|
99,081
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