| Summary of Restated Adjustment of Financial Statements |
The impact of the adoption of Topic 606 on select unaudited condensed 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)
|
|
|
Condensed Balance Sheet Data
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable, net
|
|
$
|
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 select unaudited condensed balance sheet and condensed statement of operations line items as of and for the nine months ended September 30, 2019 were as follows:
|
|
|
As of and for the nine months ended September 30, 2019
(in thousands)
|
|
|
|
|
Balances without the
Adoption of Topic 606
|
|
|
Adjustments
Increase /(Decrease)
|
|
|
As reported
|
|
|
Condensed Balance Sheet Data
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred revenue, current
|
|
|
23,363
|
|
|
|
(3,113
|
)
|
|
|
20,250
|
|
|
Deferred revenue, non-current
|
|
|
24,242
|
|
|
|
(4,393
|
)
|
|
|
19,849
|
|
|
Total liabilities
|
|
|
69,278
|
|
|
|
(7,506
|
)
|
|
|
61,772
|
|
|
Accumulated deficit
|
|
|
(188,462
|
)
|
|
|
(7,506
|
)
|
|
|
(180,956
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Condensed Statement of Operations data
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
31,775
|
|
|
|
(344
|
)
|
|
|
31,431
|
|
|
Interest and other expense, net
|
|
|
(1,056
|
)
|
|
|
2,477
|
|
|
|
(3,533
|
)
|
|
Net loss
|
|
|
(38,134
|
)
|
|
|
2,821
|
|
|
|
(40,955
|
)
|
|
| Schedule of Reconciliation of Cash and Cash Equivalents, and Restricted Cash |
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the balance sheets that sum to the total of the same amounts shown in the statements of cash flows.
|
|
|
September 30,
|
|
|
|
|
2019
|
|
|
2018
|
|
|
|
|
(in thousands)
|
|
|
Cash and cash equivalents
|
|
$
|
11,954
|
|
|
$
|
41,353
|
|
|
Restricted cash
|
|
|
15
|
|
|
|
15
|
|
|
Total cash, cash equivalents, and restricted cash shown in the
statements of cash flows
|
|
$
|
11,969
|
|
|
$
|
41,368
|
|
|