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Revenue Recognition (Tables) | 12 Months Ended
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Dec. 31, 2018
Revenue Recognition |
Schedule of disaggregation of revenues | The following table provides information about disaggregated revenue by timing of revenue recognition, (in thousands):
|  |  | Year Ended December 31, 2018
|  |  |  |  |  | License and |  |  |  |  |  |
|  |  | Product |  |  | royalty |  |  | Contract |  |  |
|  |  | revenue |  |  | revenue |  |  | revenue |  |  | Total
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |
Products transferred at a point in time |  | $ | - |  | $ | 10,011 |  | $ | 189 |  | $ | 10,200
Product and services transferred over time |  |  | - |  |  | - |  |  | 7,407 |  |  | 7,407
Total |  | $ | - |  | $ | 10,011 |  | $ | 7,596 |  | $ | 17,607
|  |  | Year Ended December 31, 2017
|  |  |  |  |  | License and |  |  |  |  |  |
|  |  | Product |  |  | royalty |  |  | Contract |  |  |
|  |  | revenue |  |  | revenue |  |  | revenue |  |  | Total
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |
Products transferred at a point in time |  | $ | 2,300 |  | $ | 350 |  | $ | 1,616 |  | $ | 4,266
Product and services transferred over time |  |  | - |  |  | - |  |  | 5,368 |  |  | 5,368
Total |  | $ | 2,300 |  | $ | 350 |  | $ | 6,984 |  | $ | 9,634
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):
|  |  | December 31, |  |  | December 31,
|  |  | 2018 |  |  | 2017
Accounts receivable, net |  | $ | 476 |  | $ | 15
Costs and estimated earnings in excess of billings on uncompleted contracts |  |  | 987 |  |  | 680
Other current assets |  |  | - |  |  | 70
Billings on uncompleted contracts in excess of related costs |  |  | - |  |  | 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):
|  |  | December 31, |  |  | December 31, |  |  |  |  |
|  |  | 2018 |  |  | 2017 |  |  | $ Change |  | % Change
Contract assets |  | $ | 987 |  | $ | 680 |  | $ | 307 |  | 45.1
Contract liabilities |  |  | - |  |  | (5) |  |  | 5 |  | 100.0
Net contract assets (liabilities) |  | $ | 987 |  | $ | 675 |  | $ | 312 |  | 46.2
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):
|  |  | 2019 |  |  | 2020
Product revenue |  | $ | - |  | $ | -
License and royalty revenue |  |  | - |  |  | -
Contract revenue |  |  | 2,513 |  |  | -
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):
|  |  | Year Ended December 31, 2017
|  |  | As previously |  |  | New revenue |  |  | As
|  |  | reported |  |  | standard adjustment |  |  | restated
Product revenue |  | $ | 2,300 |  | $ | - |  | $ | 2,300
License and royalty revenue |  |  | 1,568 |  |  | (1,218) |  |  | 350
Contract revenue |  |  | 7,023 |  |  | (39) |  |  | 6,984
Cost of product revenue |  |  | 4,359 |  |  | - |  |  | 4,359
Cost of contract revenue |  |  | 5,517 |  |  | (14) |  |  | 5,503
Net loss |  |  | (24,243) |  |  | (1,243) |  |  | (25,486)
Net loss per share - basic and diluted |  |  | (0.33) |  |  | (0.02) |  |  | (0.35)
|  |  | 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)

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