XML 50 R28.htm IDEA: XBRL DOCUMENT
v3.19.3

REVENUE (Tables) | 6 Months Ended
--- | ---
Dec. 31, 2018
Revenue from Contract with Customer [Abstract] |
Schedule of Adoption of ASC 606 | The effect of adoption of this new guidance on the Condensed Consolidated Balance Sheet as of July 1, 2018 was to increase prepaid expenses and other current assets and other assets and to reduce deferred revenues, with an offsetting decrease in 2018 opening retained earnings (accumulated deficit), as follows:
| June 30, 2018 |  |  |  | July 1, 2018
($ in thousands) | As Reported |  | Adjustment |  | Revised
ASSETS |  |  |  |  |
Prepaid expenses and other current assets | $ | 929 |  |  | $ | 251 |  |  | $ | 1,180 |
Other assets | 720 |  |  | 1,254 |  |  | 1,974 |
LIABILITIES |  |  |  |  |
Deferred revenue | 511 |  |  | 1,127 |  |  | 1,638 |
SHAREHOLDERS' EQUITY |  |  |  |  |
Accumulated deficit | (232,748 | ) |  | 376 |  |  | (232,372 | )
The impact of the adoption of ASC 606 by financial statement line item within the Condensed Consolidated Balance Sheet as of December 31, 2018 and Condensed Consolidated Statement of Operations for the six months ended December 31, 2018 is as follows:
| December 31, 2018 |  |  |  | December 31, 2018
($ in thousands) | As Reported |  | Adjustment |  | Under Legacy Guidance
BALANCE SHEET |  |  |  |  |
Prepaid expenses and other current assets | $ | 2,871 |  |  | $ | (253 | ) |  | $ | 2,618 |
Other assets | 1,903 |  |  | (1,265 | ) |  | 638 |
Deferred revenue | 1,437 |  |  | (1,080 | ) |  | 357 |
Accumulated deficit | (249,349 | ) |  | (438 | ) |  | (249,787 | )
STATEMENT OF OPERATIONS |  |  |  |  |
License and transaction fees | 58,808 |  |  | (47 | ) |  | 58,761 |
Selling, general and administrative | 20,381 |  |  | 14 |  |  | 20,395 |
Net loss | (16,977 | ) |  | (60 | ) |  | (17,037 | )
The impact of the adoption of ASC 606 by financial statement line item within the Condensed Consolidated Statement of Operations for the three months ended December 31, 2018 is as follows:
| December 31, 2018 |  |  |  | December 31, 2018
($ in thousands) | As Reported |  | Adjustment |  | Under Legacy Guidance
STATEMENT OF OPERATIONS |  |  |  |  |
License and transaction fees | 29,837 |  |  | (36 | ) |  | 29,801 |
Selling, general and administrative | 10,931 |  |  | 2 |  |  | 10,933 |
Net loss | (10,657 | ) |  | (37 | ) |  | (10,694 | )
Performance Obligations | The following table reflects the estimated fees to be recognized in the future related to performance obligations that are unsatisfied at the end of the period:
($ in thousands) | As of December 31, 2018
2020 | $ | 5,447 |
2021 | 10,161 |
2022 | 8,343 |
2023 | 6,754 |
2024 and thereafter | 4,704 |
Total | $ | 35,409 |
Contract Liability | The Company’s contract liability (i.e., deferred revenue) balances are as follows:
|  | Three months ended December 31, |  | Six months ended December 31,
($ in thousands) |  | 2018 |  | 2018
Deferred revenue, beginning of the period |  | $ | 1,428 |  |  | $ | 511 |
Plus: adjustment for adoption of ASC 606 |  | — |  |  | 1,127 |
Deferred revenue, beginning of the period, as adjusted |  | $ | 1,428 |  |  | $ | 1,638 |
Deferred revenue, end of the period |  | 1,437 |  |  | 1,437 |
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period |  | 65 |  |  | 221 |

X
- Definition Tabular disclosure of contract balances and changes in contract balances. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130556-203045 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=116846552&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=116846552&loc=d3e725-108305 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration