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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Summary of Estimated Lives of Assets

Depreciation is recorded using the straight-line method over the estimated useful lives of the assets as follows:

 

Machinery, manufacturing and

   demonstration equipment

 

3-5 years

Computer equipment

 

3 years

Furniture

 

5 years

Leasehold improvements

 

Lesser of lease term or 3 to 10 years

Summary of Revenue Disaggregated by Type and Geography

The following table presents revenue disaggregated by type and geography:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

 

 

(unaudited)

 

U.S.

 

 

 

 

 

 

 

 

Services

 

$

133

 

 

$

21

 

Total U.S. revenue

 

 

133

 

 

 

21

 

 

 

 

 

 

 

 

 

 

Outside of U.S. ("OUS")

 

 

 

 

 

 

 

 

Systems

 

 

1,287

 

 

 

3,454

 

Instruments and accessories

 

 

546

 

 

 

1,111

 

Services

 

 

215

 

 

 

181

 

Total OUS revenue

 

 

2,048

 

 

 

4,746

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

Systems

 

 

1,287

 

 

 

3,454

 

Instruments and accessories

 

 

546

 

 

 

1,111

 

Services

 

 

348

 

 

 

202

 

Total revenue

 

$

2,181

 

 

$

4,767

 

Summary of Details of Adjustment

The details of this adjustment are summarized below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at

 

 

Adjustments Due

 

 

Balance at

 

 

 

December 31, 2018

 

 

to ASC 842

 

 

January 1, 2019

 

 

 

(unaudited)

 

 

 

(In thousands)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Other long term assets

 

$

-

 

 

$

1,751

 

 

$

1,751

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities and Stockholders' Equity

 

 

 

 

 

 

 

 

 

 

 

 

Accrued expenses

 

$

-

 

 

$

507

 

 

$

507

 

Other long term liabilities

 

$

-

 

 

$

1,244

 

 

$

1,244

 

Summary of Minimum Lease Payments

The following table presents the minimum lease payments as of March 31, 2019 (in thousands):

 

April 1, 2019 to March 31, 2020

 

$

959

 

April 1, 2020 to March 31, 2021

 

 

518

 

April 1, 2021 to March 31, 2022

 

 

441

 

April 1, 2022 to March 31, 2023

 

 

119

 

April 1, 2023 to March 31, 2024

 

 

18

 

Total minimum lease payments

 

 

2,055

 

Less: Amount of lease payments representing interest

 

 

(218

)

Present value of future minimum lease payments

 

$

1,837