Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

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