| 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:
|
Three months ended, June 30, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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As Reported
|
|
|
Balances
Without
Adoption
of Topic
606
|
|
|
|
Effect of
Change
Higher/(Lower)
|
|
|
Net revenues
|
|
$
|
43,747
|
|
$
|
43,747
|
|
|
$
|
-
|
|
|
Cost of revenues
|
|
|
29,302
|
|
|
28,937
|
|
|
|
365
|
|
|
Gross profit
|
|
|
14,445
|
|
|
14,810
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|
|
|
(365
|
)
|
|
Operating expenses:
|
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|
|
|
|
|
|
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|
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|
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Research and development
|
|
|
7,384
|
|
|
8,233
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|
|
|
(849
|
)
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Sales and marketing
|
|
|
4,218
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|
|
4,218
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|
|
|
—
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|
|
General and administrative
|
|
|
7,424
|
|
|
7,424
|
|
|
|
—
|
|
|
Total operating expenses
|
|
|
19,026
|
|
|
19,875
|
|
|
|
(849
|
)
|
|
Loss from operations
|
|
|
(4,581
|
)
|
|
(5,065
|
)
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|
484
|
|
|
Interest expense
|
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|
(555
|
)
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|
(555
|
)
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|
|
—
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|
|
Other expense, net
|
|
|
(6
|
)
|
|
(6
|
)
|
|
|
—
|
|
|
Loss before income taxes
|
|
|
(5,142
|
)
|
|
(5,626
|
)
|
|
|
484
|
|
|
Income tax expense
|
|
|
(457
|
)
|
|
(457
|
)
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|
—
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|
|
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|
|
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Net loss
|
|
$
|
(5,599
|
)
|
$
|
(6,083
|
)
|
|
$
|
484
|
|
|
Net loss per share, basic and diluted
|
|
$
|
(0.31
|
)
|
$
|
(0.34
|
)
|
|
$
|
0.03
|
|
|
Weighted–average shares used in
computing net loss per share, basic
and diluted
|
|
|
18,120,143
|
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|
18,120,143
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|
|
|
|
|
|
Six months ended, June 30, 2019 (unaudited)
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|
As Reported
|
|
|
Balances
Without
Adoption
of Topic
606
|
|
|
|
Effect of
Change
Higher/(Lower)
|
|
|
Net revenues
|
|
$
|
70,231
|
|
$
|
70,231
|
|
|
$
|
-
|
|
|
Cost of revenues
|
|
|
46,765
|
|
|
46,042
|
|
|
|
723
|
|
|
Gross profit
|
|
|
23,466
|
|
|
24,189
|
|
|
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(723
|
)
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
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|
|
|
Research and development
|
|
|
14,345
|
|
|
16,634
|
|
|
|
(2,289
|
)
|
|
Sales and marketing
|
|
|
7,944
|
|
|
7,944
|
|
|
|
—
|
|
|
General and administrative
|
|
|
9,900
|
|
|
9,900
|
|
|
|
—
|
|
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Total operating expenses
|
|
|
32,189
|
|
|
34,478
|
|
|
|
(2,289
|
)
|
|
Loss from operations
|
|
|
(8,723
|
)
|
|
(10,289
|
)
|
|
|
1,566
|
|
|
Interest expense
|
|
|
(977
|
)
|
|
(977
|
)
|
|
|
—
|
|
|
Other expense, net
|
|
|
(271
|
)
|
|
(271
|
)
|
|
|
—
|
|
|
Loss before income taxes
|
|
|
(9,971
|
)
|
|
(11,537
|
)
|
|
|
1,566
|
|
|
Income tax expense
|
|
|
(752
|
)
|
|
(752
|
)
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Net loss
|
|
$
|
(10,723
|
)
|
$
|
(12,289
|
)
|
|
$
|
1,566
|
|
|
Net loss per share, basic and diluted
|
|
$
|
(0.63
|
)
|
$
|
(0.73
|
)
|
|
$
|
0.10
|
|
|
Weighted–average shares used in computing
net loss per share, basic and diluted
|
|
|
16,950,375
|
|
|
16,950,375
|
|
|
|
|
|
|
| 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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Six Months Ended
|
|
|
|
|
|
|
June 30
|
|
|
June 30
|
|
|
|
|
|
|
|
2020
|
|
|
2019
|
|
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2020
|
|
|
2019
|
|
|
|
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|
Smartphones
|
|
$
|
6,138
|
|
|
$
|
19,457
|
|
|
$
|
12,356
|
|
|
$
|
33,869
|
|
|
|
|
|
Feature Phones
|
|
|
13,835
|
|
|
|
23,068
|
|
|
|
19,736
|
|
|
|
33,399
|
|
|
|
|
|
Accessories/Other
|
|
|
1,085
|
|
|
|
1,122
|
|
|
|
1,672
|
|
|
|
2,963
|
|
|
|
|
|
|
$
|
21,058
|
|
|
$
|
43,747
|
|
|
$
|
33,764
|
|
|
$
|
70,231
|
|
|
|
|
|