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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Intangible Assets and Goodwill

The changes in the carrying amounts of finite-life intangible assets and goodwill for the years ended December 31, 2018 and 2017 are as follows (in thousands):

 

 

 

December 31, 2018

 

 

December 31, 2017

 

Intangibles, net:

 

 

 

 

 

 

 

 

Beginning balance

 

$

7,207

 

 

$

8,447

 

Increase

 

 

 

 

 

 

Amortization

 

 

(1,250

)

 

 

(1,240

)

Ending balance

 

 

5,957

 

 

 

7,207

 

Goodwill, net:

 

 

 

 

 

 

 

 

Beginning balance

 

 

3,922

 

 

 

3,922

 

Increase (decrease)

 

 

 

 

 

 

Ending balance

 

 

3,922

 

 

 

3,922

 

Total goodwill and other intangibles, net

 

$

9,879

 

 

$

11,129

 

Schedule of Estimated Fair Value Determined Using Option Pricing Model Assumptions

The warrants are not traded in an active securities market, and as such the estimated the fair value as of December 31, 2018 was determined by using an option pricing model with the following assumptions:

 

 

 

As of December 31, 2018

 

 

 

As of July 25, 2018

(inception date)

 

Expected term

 

2.1 years

 

 

2.5 years

 

Common stock market price

 

$

0.29

 

$

0.72

 

Risk-free interest rate

 

 

2.48%

 

 

2.70%

 

Expected volatility

 

 

125%

 

 

112%

 

Resulting fair value (per warrant)

 

$

0.13

 

$

0.45

 

Revenue by Product

The following table represents revenue by product (in thousands):

 

 

 

Years ended

December 31,

 

 

 

 

2018

 

 

2017

 

 

Consumable

 

$

2,169

 

 

$

1,918

 

 

Device

 

 

225

 

 

 

576

 

 

Other products

 

 

277

 

 

 

195

 

 

 

 

$

2,671

 

 

$

2,689

 

 

Product Revenues, Classified by Geographic Location

Product revenues, classified by geographic location, are as follows (in thousands):

 

 

Years ended

December 31,

 

 

 

2018

 

 

2017

 

 

 

Product

Revenues

 

 

% of

Total

 

 

Product

Revenues

 

 

% of

Total

 

Americas

 

$

293

 

 

 

11

%

 

$

345

 

 

 

13

%

Japan

 

 

2,058

 

 

 

77

%

 

 

1,924

 

 

 

71

%

EMEA

 

 

270

 

 

 

10

%

 

 

344

 

 

 

13

%

Asia Pacific

 

 

50

 

 

 

2

%

 

 

76

 

 

 

3

%

Total product revenues

 

$

2,671

 

 

 

100

%

 

$

2,689

 

 

 

100

%