Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2018

Revenue Recognition Tables

Schedule of disaggregation of revenues

The following table provides information about disaggregated revenue by timing of revenue recognition, (in thousands):

		Three Months Ended March 31, 2018
		Product		Royalty		Contract
		revenue		revenue		revenue		Total
Timing of revenue recognition:
Products transferred at a point in time	$	-	$	11	$	99	$	110
Product and services transferred over time		-		-		2,078		2,078
Total	$	-	$	11	$	2,177	$	2,188

		Three Months Ended March 31, 2017
		Product		Royalty		Contract
		revenue		revenue		revenue		Total
Timing of revenue recognition:
Products transferred at a point in time	$	-	$	97	$	257	$	354
Product and services transferred over time		-		-		214		214
Total	$	-	$	97	$	471	$	568

Costs in excess of billings and billings in excess of costs

The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers (in thousands):

		March 31,		December 31,
		2018		2017
Accounts receivable, net	$	2,502	$	15
Costs and estimated earnings in excess of billings on uncompleted contracts		258		680
Other current assets		11		70
Billings on uncompleted contracts in excess of related costs		4		5
Other current liabilities		10,000		10,000

Schedule of contract assets and liabilities

Significant changes in the contract assets and the contract liabilities balances during the period are as follows (in thousands, except percentages):

		March 31,		December 31,
		2018		2017		$ Change	% Change
Contract assets	$	258	$	680	$	(422)	(62.1)
Contract liabilities		(4)		(5)		1	(20.0)
Net contract assets (liabilities)	$	254	$	675	$	(421)	(62.4)

Transaction price allocated to the remaining performance obligations, expected timing

Additionally, the estimated revenue does not include amounts of variable consideration attributable to royalties or unexercised contract renewals (in thousands):

		Remainder of 2018		2019
Product revenue	$	4,308	$	-
Contract revenue		6,358		884

Schedule of impacts of adopting ASC 606

In accordance with Topic 606, the disclosure of the impact of adoption to our condensed consolidated statements of operations and balance sheets was as follows (in thousands, except per share data):

		Three Months Ended March 31, 2017
		As previously		New revenue		As
		reported		standard adjustment		restated
Royalty revenue	$	535	$	(438)	$	97
Contract revenue		257		214		471
Cost of contract revenue		325		78		403
Net loss		(5,647)		(302)		(5,949)
Net loss per share - basic and diluted		(0.08)		(0.01)		(0.09)

		December 31, 2017
		As previously		New revenue		As
		reported		standard adjustment		restated
Costs and estimated earnings incurred on uncompleted contracts	$	680	$	-	$	680
Other current assets		945		70		1,015
Billings on uncompleted contracts		5		-		5
Deferred revenue - current		999		(999)		-
Deferred revenue - noncurrent		4,151		(4,151)		-
Shareholders' equity:
Accumulated deficit		(524,086)		5,220		(518,866)