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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Schedule of Estimated Useful Life of Assets Depreciation is calculated on a straight-line basis over the following estimated useful lives of the assets:

 

Equipment, Furniture and Software

3-7 years

Leasehold Improvements

Shorter of asset life or lease term

ASC 606 [Member]  
Summary of Result of Adopting ASC 606 on Financial Statement

Impact of Adoption 

As a result of adopting ASC 606 on January 1, 2018, the Company has revised its comparative financial statements for the prior year as if ASC 606 had been effective for that period. As a result, the following financial statement line items were affected as of December 31, 2017 and for the years ended December 31, 2017 and 2016.

 

Consolidated Balance Sheets

 

 

 

As of December 31, 2017

 

 

 

As revised

under ASC 606

 

 

As originally reported under ASC 605

 

 

Effect of change

 

 

 

(in thousands)

 

Current portion of deferred revenue

 

$

1,275

 

 

$

2,705

 

 

$

(1,430

)

Deferred revenue, net of current portion

 

 

7,241

 

 

 

5,607

 

 

 

1,634

 

Accumulated deficit

 

 

(192,716

)

 

 

(192,512

)

 

 

(204

)

 

Consolidated Statements of Operations and Comprehensive Loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31, 2017

 

 

 

As revised

under ASC 606

 

 

As originally reported under ASC 605

 

 

Effect of change

 

 

 

(in thousands, except per share data)

 

Revenue

 

$

3,893

 

 

$

3,704

 

 

$

189

 

Loss from operations

 

 

(102,391

)

 

 

(102,580

)

 

 

189

 

Income tax benefit (provision)

 

 

(842

)

 

 

(708

)

 

 

(134

)

Net loss

 

 

(101,980

)

 

 

(102,035

)

 

 

55

 

 

 

 

For the Year Ended December 31, 2016

 

 

 

As revised

under ASC 606

 

 

As originally reported under ASC 605

 

 

Effect of change

 

 

 

(in thousands, except per share data)

 

Revenue

 

$

1,092

 

 

$

1,485

 

 

$

(393

)

Loss from operations

 

 

(55,720

)

 

 

(55,327

)

 

 

(393

)

Income tax benefit (provision)

 

 

(482

)

 

 

(616

)

 

 

134

 

Net loss

 

 

(55,660

)

 

 

(55,401

)

 

 

(259

)

Net loss per share attributable to ordinary

   shareholders—basic and diluted

 

$

(2.44

)

 

$

(2.43

)

 

$

(0.01

)

 

Consolidated Statement of Cash Flows

 

 

 

For the Year Ended December 31, 2017

 

 

 

As revised

under ASC 606

 

 

As originally reported under ASC 605

 

 

Effect of change

 

 

 

(in thousands)

 

Net loss

 

$

(101,980

)

 

$

(102,035

)

 

$

55

 

Adjustments to reconcile net loss to net cash

   provided by (used in) operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income taxes

 

 

908

 

 

 

774

 

 

 

134

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

 

(2,893

)

 

 

(2,704

)

 

 

(189

)

 

 

 

For the Year Ended December 31, 2016

 

 

 

As revised

under ASC 606

 

 

As originally reported under ASC 605

 

 

Effect of change

 

 

 

(in thousands)

 

Net loss

 

$

(55,660

)

 

$

(55,401

)

 

$

(259

)

Adjustments to reconcile net loss to net cash

   provided by (used in) operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income taxes

 

 

(698

)

 

 

(564

)

 

 

(134

)

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

 

11,408

 

 

 

11,015

 

 

 

393