REVENUE RECOGNITION (Tables)

9 Months Ended

Jun. 30, 2019

REVENUE RECOGNITION

Schedule of The impact of adoption of ASC 606 to the Company's condensed consolidated financial statements

The impact of adoption of ASC 606 to the Company's condensed consolidated financial statements for the three months ended June 30, 2019 is as follows:

Statements of Operations and Comprehensive Income (Loss)

			Effect of		Amount Without
	As		Change		Adoption of
	Reported		Higher/(Lower)		ASC 606
Service revenue	$	9,689	$	(31)	$	9,720
Product revenue		1,172				1,172
Total revenue		10,861		(31)		10,892
Total cost of revenue		7,732				7,732
Gross profit		3,129		(31)		3,160
Operating loss		(250)		(31)		(219)
Net loss before income taxes		(426)		(31)		(395)
Income taxes expense
Net loss	$	(426)	$	(31)	$	(395)
Diluted net loss per share	$	(0.04)	$	(0.00)	$	(0.04)

Balance Sheet

			Effect of		Amount Without
	As		Change		Adoption of
	Reported		Higher/(Lower)		ASC 606
Current Liabilities:
Customer advances	$	6,516	$	(101)	$	6,415
Shareholder’s equity:
Accumulated deficit	$	(17,387)	$	101	$	(17,286)

The impact of adoption of ASC 606 to the Company's condensed consolidated financial statements for the nine months ended June 30, 2019 is as follows:

Statements of Operations and ComprehensiveIncome (Loss)

			Effect of		Amount Without
	As		Change		Adoption of
	Reported		Higher/(Lower)		ASC 606
Service revenue	$	25,555	$	(25)		25,580
Product revenue		3,275				3,275
Total revenue		28,830		(25)		28,855
Total cost of revenue		20,720				20,720
Gross profit		8,110		(25)		8,135
Operating loss		(657)		(25)		(632)
Net loss before income taxes		(1,078)		(25)		(1,053)
Income taxes benefit		2				2
Net loss	$	(1,080)	$	(25)	$	(1,055)
Diluted net loss  per share	$	(0.10)	$	(0.00)	$	(0.10)

Balance Sheet

			Effect of		Amount Without
	As		Change		Adoption of
	Reported		Higher/(Lower)		ASC 606
Current Liabilities:
Customer advances	$	6,516	$	(101)	$	6,415
Shareholder's equity:
Accumulated deficit	$	(17,387)	$	101	$	(17,286)