| Disaggregation of Revenue |
The following table summarizes revenues from contracts with customers for the twelve months ended September 30, 2019, respectively, (in thousands):
| | | | | | | | | | | | | | | | | | | | | | Fiscal Year Ended September 30, 2019 | | SOFO | | SFI | | MSKK | | Eliminations | | Total | | | | | | | | | | | Revenue: | | | | | | | | | | | | | | | | | | | | Hardware | $ | 6,710 |
| | $ | 598 |
| | $ | 950 |
| | $ | (808 | ) | | $ | 7,450 |
| Software | 3,316 |
| | 417 |
| | 542 |
| | (430 | ) | | 3,845 |
| Shipping | 840 |
| | 5 |
| | — |
| | (509 | ) | | 336 |
| | | | | | | | | | | Product and other total | 10,866 |
| | 1,020 |
| | 1,492 |
| | (1,747 | ) | | 11,631 |
| | | | | | | | | | | Support | 7,717 |
| | 672 |
| | 2,137 |
| | (803 | ) | | 9,723 |
| Hosting | 4,258 |
| | 544 |
| | 1,649 |
| | — |
| | 6,451 |
| Events | 3,785 |
| | 167 |
| | 2,741 |
| | — |
| | 6,693 |
| Installs & training | 258 |
| | 25 |
| | — |
| | — |
| | 283 |
| | | | | | | | | | | Services total | 16,018 |
| | 1,408 |
| | 6,527 |
| | (803 | ) | | 23,150 |
| | | | | | | | | | | Total revenue | $ | 26,884 |
| | $ | 2,428 |
| | $ | 8,019 |
| | $ | (2,550 | ) | | $ | 34,781 |
|
|
| Impact of Adoption |
As a result of applying the modified retrospective method to adopt ASC 606, the following amounts on our Consolidated Balance Sheet were adjusted as of October 1, 2018 to reflect the cumulative effect adjustment to the opening balance of accumulated deficit (in thousands):
| | | | | | | | | | | | | | As reported | | ASC 606 adoption | | Adjusted | | September 30, 2018 | | adjustments | | October 1, 2018 | Capitalized commissions, current | $ | — |
| | $ | 580 |
| | $ | 580 |
| Total current assets | 10,825 |
| | 580 |
| | 11,405 |
| | | | | | | Capitalized commissions, long-term | — |
| | 112 |
| | 112 |
| Total assets | $ | 13,583 |
| | $ | 692 |
| | $ | 14,275 |
| | | | | | | Accrued liabilities | $ | 1,609 |
| | $ | 2 |
| | $ | 1,611 |
| Unearned revenue | 11,645 |
| | (924 | ) | | 10,721 |
| Total current liabilities | 16,590 |
| | (922 | ) | | 15,668 |
| | | | | | | Other long-term liabilities | 202 |
| | (2 | ) | | 200 |
| Long-term portion of unearned revenue | 1,691 |
| | (75 | ) | | 1,616 |
| Total liabilities | 20,041 |
| | (999 | ) | | 19,042 |
| | | | | | | Accumulated deficit | (207,419 | ) | | 1,691 |
| | (205,728 | ) | Total stockholders' equity (deficit) | (6,458 | ) | | 1,691 |
| | (4,767 | ) | Total liabilities and stockholders' equity (deficit) | $ | 13,583 |
| | $ | 692 |
| | $ | 14,275 |
|
Effect of ASC 606 as of September 30, 2019 and for the Twelve Months Ended September 30, 2019 The following table summarizes the effect of adopting ASC 606 on our Consolidated Balance Sheet as of September 30, 2019 (in thousands):
| | | | | | | | | | | | | | | | | | Amounts without | | As reported | | ASC 606 adoption | | ASC 606 impact | | September 30, 2019 | | impact | | September 30, 2019 | Capitalized commissions, current | $ | 464 |
| | $ | (464 | ) | | $ | — |
| Total current assets | 12,984 |
| | (464 | ) | | 12,520 |
| | | | | | | Capitalized commissions, long-term | 106 |
| | (106 | ) | | — |
| Total assets | $ | 15,180 |
| | $ | (570 | ) | | $ | 14,610 |
| | | | | | | Accrued liabilities | $ | 2,216 |
| | $ | (2 | ) | | $ | 2,214 |
| Unearned revenue | 9,610 |
| | 785 |
| | 10,395 |
| Total current liabilities | 13,831 |
| | 783 |
| | 14,614 |
| | | | | | | Other long-term liabilities | 143 |
| | 2 |
| | 145 |
| Long-term portion of unearned revenue | 1,842 |
| | 68 |
| | 1,910 |
| Total liabilities | 21,433 |
| | 853 |
| | 22,286 |
| | | | | | | Accumulated deficit | (209,340 | ) | | (1,423 | ) | | (210,763 | ) | Total stockholders' equity (deficit) | (6,253 | ) | | (1,423 | ) | | (7,676 | ) | Total liabilities and stockholders' equity (deficit) | $ | 15,180 |
| | $ | (570 | ) | | $ | 14,610 |
|
The following tables summarize the effects of adopting ASC 606 on our Consolidated Statement of Operations for the fiscal year ended September 30, 2019, respectively (in thousands):
| | | | | | | | | | | | | | As reported | | | | Amounts without | | Year Ended | | ASC 606 adoption | | ASC 606 impact | | September 30, 2019 | | impact | | September 30, 2019 | Product and other revenue | $ | 11,631 |
| | $ | 145 |
| | $ | 11,776 |
| Total revenue | 34,781 |
| | 145 |
| | 34,926 |
| | | | | | | Product and other cost of revenue | 4,387 |
| | — |
| | 4,387 |
| Total cost of revenue | 9,280 |
| | — |
| | 9,280 |
| | | | | | | Gross margin | 25,501 |
| | 145 |
| | 25,646 |
| | | | | | | Selling and marketing (operating expenses) | 14,727 |
| | (123 | ) | | 14,604 |
| Loss from operations | (2,508 | ) | | 268 |
| | (2,240 | ) | Loss before income taxes | (3,522 | ) | | 268 |
| | (3,254 | ) | Net loss | $ | (3,612 | ) | | $ | 268 |
| | $ | (3,344 | ) | Net loss attributable to common stockholders | $ | (3,734 | ) | | $ | 268 |
| | $ | (3,466 | ) | | | | | | | Loss per common share | | | | | | -basic | $ | (0.64 | ) | | $ | 0.05 |
| | $ | (0.59 | ) | -diluted | $ | (0.64 | ) | | $ | 0.05 |
| | $ | (0.59 | ) |
The following table summarizes the effect of adopting ASC 606 on our Consolidated Statement of Cash Flow for the twelve months ended September 30, 2019 (in thousands):
| | | | | | | | | | | | | | | | | | Amounts without | | As reported | | ASC 606 adoption | | ASC 606 impact | | September 30, 2019 | | impact | | September 30, 2019 | Cash flows from operating activities: | | | | | | Net loss | $ | (3,612 | ) | | $ | 268 |
| | $ | (3,344 | ) | | | | | | | Changes in operating assets and liabilities: | | | | | | Capitalized commissions | 123 |
| | (123 | ) | | — |
| Unearned revenue | (900 | ) | | (145 | ) | | (1,045 | ) | Net cash used in operating activities | $ | (736 | ) | | $ | — |
| | $ | (736 | ) |
|