Summary of Restated Adjustment of Financial Statements |
The impact of the adoption of Topic 606 our balance sheet as of January 1, 2019 was as follows (in thousands):
|
|
December 31, 2018
|
|
|
Adjustments Due to
the Adoption of
Topic 606
Increase/(Decrease)
|
|
|
January 1, 2019
|
|
|
|
(in thousands)
|
|
Accounts receivable
|
|
$
|
2,489
|
|
|
$
|
–
|
|
|
$
|
2,489
|
|
Total current assets
|
|
|
209,946
|
|
|
|
–
|
|
|
|
209,946
|
|
Deferred revenue, current
|
|
|
21,574
|
|
|
|
(2,124
|
)
|
|
|
19,450
|
|
Deferred revenue, non-current
|
|
|
44,599
|
|
|
|
(8,203
|
)
|
|
|
36,396
|
|
Total liabilities
|
|
|
91,600
|
|
|
|
(10,327
|
)
|
|
|
81,273
|
|
Accumulated deficit
|
|
|
(150,328
|
)
|
|
|
(10,327
|
)
|
|
|
(140,001
|
)
|
The impact of the adoption of ASC 606 on the Company’s balance sheet as of December 31, 2019 and the Company’s statements of operations for the year ended December 31, 2019 was as follows:
|
|
As of and for the year ended December 31, 2019
(in thousands)
|
|
|
|
Balances without the
Adoption of Topic 606
|
|
|
Adjustments
Increase /(Decrease)
|
|
|
As reported
|
|
Balance Sheet data
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred revenue, current
|
|
|
21,989
|
|
|
|
(2,524
|
)
|
|
|
19,465
|
|
Deferred revenue, non-current
|
|
|
20,106
|
|
|
|
(3,911
|
)
|
|
|
16,195
|
|
Total liabilities
|
|
|
65,016
|
|
|
|
(6,435
|
)
|
|
|
58,581
|
|
Accumulated deficit
|
|
|
(202,180
|
)
|
|
|
(6,435
|
)
|
|
|
(195,745
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Statements of Operations data
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
43,484
|
|
|
|
(748
|
)
|
|
|
42,736
|
|
Interest and other income (expense), net
|
|
|
(1,206
|
)
|
|
|
3,144
|
|
|
|
(4,350
|
)
|
Net loss
|
|
|
(51,852
|
)
|
|
|
3,892
|
|
|
|
(55,744
|
)
|
|
Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash |
A reconciliation of cash, cash equivalents, and restricted cash reported within the Company’s Balance Sheets to the amount reported within the accompanying Statements of Cash Flows was as follows:
|
|
December 31,
|
|
|
|
2019
|
|
|
2018
|
|
|
2017
|
|
|
|
(in thousands)
|
|
Cash and cash equivalents
|
|
$
|
4,960
|
|
|
$
|
125,298
|
|
|
$
|
22,020
|
|
Restricted cash
|
|
|
15
|
|
|
|
15
|
|
|
|
15
|
|
Total cash, cash equivalents and restricted
cash shown in the statements of cash flows
|
|
$
|
4,975
|
|
|
$
|
125,313
|
|
|
$
|
22,035
|
|
|