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Significant Accounting Policies (Policies)
 9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
New Accounting Pronouncements, Policy [Policy Text Block]
Significant Accounting Policies:
 
The significant accounting policies were described in Note
1
to the audited consolidated financial statements included in the Company’s annual report on Form
10
-K for the year ended
December 31, 2017.
There have been
no
changes to these policies during the
nine
months ended
September 30, 2018
that are of significance or potential significance to the Company except for the change in revenue recognition policy described below.
 
Adoption of New Revenue Standard:
On
January 
1,
2018,
as required, the Company adopted ASU
No.
 
2014
-
09
 - Revenue from Contracts with Customers (Topic
606
) (“ASU 
2014
-
09”
), ASU
No.
 
2015
-
14
 - Revenue from Contracts with Customers (Topic
606
): Deferral of the Effective Date (“ASU 
2015
-
14”
), ASU
No.
 
2016
-
08
 - Revenue from Contracts with Customers (Topic
606
): Principal versus Agent Considerations (“ASU 
2016
-
08”
), ASU
No.
 
2016
-
10
 - Revenue from Contracts with Customers (Topic
606
): Identifying Performance Obligations and Licensing (“ASU 
2016
-
10”
), ASU
No.
 
2016
-
12
 - Revenue from Contracts with Customers (Topic
606
): Narrow-Scope Improvements and Practical Expedients (“ASU 
2016
-
12”
) and ASU
No.
 
2016
-
20
 - Technical Corrections and Improvements to Topic
606,
Revenue from Contracts with Customers” (“ASU 
2016
-
20”
) (collectively “the New Revenue Standard”). To conform to the New Revenue Standard, the Company modified its revenue recognition policy as described further below.
 
Change in Accounting Policy:
On
January 
1,
2018,
the Company adopted the New Revenue Standard using the modified retrospective method, applying the guidance to all open contracts and recognized an adjustment to increase retained earnings by
$2,783,
reduce deferred product revenue by
$4,338
and reduce distributor channel inventories by
$1,555
as of that date. The comparative financial information has
not
been restated and continues to be presented under the accounting standards in effect for the respective periods. The Company applied the practical expedient and has
not
disclosed the revenue allocated to future shipments of partially completed contracts.
 
Prior to our change in accounting policy, revenue from product sales to distributors was
not
recognized until the return privilege had expired or until it can be determined with reasonable certainty that the return privilege had expired, which approximated when the product was sold-through to customers of our distributors (dealers, system integrators, value-added resellers, and end-users), rather than when the product was initially shipped to a distributor. At each quarter-end, we evaluated the inventory in the distribution channel through information provided by our distributors. The level of inventory in the channel fluctuated up or down each quarter based upon our distributors’ individual operations. Accordingly, each quarter-end deferral of revenue and associated cost of goods sold were calculated and recorded based upon the actual channel inventory reported at quarter-end. Further, with respect to distributors and other channel partners
not
reporting the channel inventory, the revenue and associated cost of goods sold were deferred until we received payment for the product sales made to such distributors or channel partners.
 
After the change in the accounting policy, substantially all of the Company’s revenue is recognized following the transfer of control of the products to the customer, which typically occurs upon shipment or delivery depending on the terms of the underlying contracts. During the
three
and
nine
months ended
September 30, 2018,
revenue decreased by
$784
and
$1,365,
respectively due to the impact of the adoption of the New Revenue Standard.
 
Revenue Recognition Policy:
The Company generates revenue from sales of its audio and video conferencing equipment to distributors, system integrators and value-added resellers. The Company also generates revenue, to a much lesser extent, from sale of software and licenses to distributors, system integrators, value-added resellers and end-users. The Company recognizes revenue when it satisfies a performance obligation in an amount reflecting the consideration to which it expects to be entitled. For sales agreements, the Company has identified the promise to transfer products, each of which are distinct, to be the performance obligation. The Company applies a
five
-step approach in determining the amount and timing of revenue to be recognized: (
1
) identifying the contract with a customer, (
2
) identifying the performance obligations in the contract, (
3
) determining the transaction price, (
4
) allocating the transaction price to the performance obligations in the contract and (
5
) recognizing revenue when the performance obligation is satisfied. Substantially all of the Company’s revenue is recognized at the time control of the products transfers to the customer.
 
Sales agreements with customers are renewable periodically and contain terms and conditions with respect to payment, delivery, warranty and supply, but typically do
not
require mandatory purchase commitments. In the absence of a sales agreement, the Company’s standard terms and conditions at the time of acceptance of purchase orders apply. The Company considers the customer purchase orders, governed by sales agreements or the Company’s standard terms and conditions, to be the contract with the customer. The Company evaluates certain factors including the customer’s ability to pay (or credit risk).
 
In determining the transaction price, the Company evaluates whether the price is subject to refund or adjustment to determine the net consideration to which the Company expects to be entitled. Sales to distributors, are typically made pursuant to agreements that provide return rights with respect to discontinued or slow-moving products, referred to as stock rotation. Sales to distributors can also be subject to price adjustment on certain products, primarily for distributors with drop-shipping rights. Although payment terms vary, most distributor agreements require payment within
45
days of invoicing.
 
The Company recognizes revenue when it satisfies a performance obligation. The Company recognizes revenue from sales agreements upon transferring control of a product to the customer. This typically occurs when products are shipped or delivered, depending on the delivery terms, or when products that are consigned at customer locations are sold to dealers or end users. Revenue recognized during the
three
and
nine
months ended
September 30, 2018
for equipment sales was
$6,524
and
$20,396,
respectively and for software, licenses, etc. was
$159
and
$547,
respectively. Sales returns and allowances are estimated based on historical experience. Provisions for discounts and rebates to customers, estimated returns and allowances, ship and credit claims and other adjustments are provided for in the same period the related revenues are recognized, and are netted against revenues. For returns, the Company recognizes a related asset for the right to recover returned products with a corresponding reduction to cost of goods sold. The Company reviews warranty and related claims activity and records provisions, as necessary.
 
Frequently, the Company receives orders with multiple delivery dates that
may
extend across reporting periods. Since each delivery constitutes a performance obligation, the Company allocates the transaction price of the contract to each performance obligation based on the stand-alone selling price of the products. The Company invoices the customer for each delivery upon shipment and recognizes revenues in accordance with delivery terms. Although payment terms vary, distributors typically pay within
45
days of invoicing and dealers pay within
30
days of invoicing. As scheduled delivery dates are within
one
year, revenue allocated to future shipments of partially completed contracts are
not
disclosed.
 
The Company has elected to record freight and handling costs associated with outbound freight after control over a product has transferred to a customer as a fulfillment cost and include it in cost of revenues. Taxes assessed by government authorities on revenue-producing transactions, including value-added and excise taxes, are presented on a net basis (excluded from revenues) in the Consolidated Statements of Operations and Comprehensive Income.
 
 
Recent Accounting Pronouncements:
In
February 2016,
the FASB released ASU
No.
2016
-
02,
Leases (Topic
842
) to bring transparency to lessee balance sheets. The ASU will require organizations that lease assets (lessees) to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than
12
months. The standard will apply to both types of leases-capital (or finance) leases and operating leases. Previously, GAAP has required only capital leases to be recognized on lessee balance sheets. The standard is effective for fiscal years beginning after
December 15, 2018
and interim periods within fiscal years beginning after
December 15, 2018.
Early application will be permitted for all organizations. The Company has
not
yet selected a transition method and is currently evaluating the effect that the updated standard will have on the consolidated financial statements.
 
In
August 2016,
the FASB released ASU
No.
2016
-
15,
Classification of Certain Cash Receipts and Cash Payments, which addresses
eight
specific cash flow issues with the objective of reducing the existing diversity in practice. ASU
2016
-
15
became effective for the Company on
January 1, 2018.
ASU
2016
-
15
had
no
material impact on our consolidated financial statements.
 
In
May 2017,
the FASB issued ASU
No.
2017
-
09,
Compensation-Stock Compensation (Topic
718
): Scope of Modification Accounting. The new guidance provides clarity and reduces both (
1
) diversity in practice and (
2
) cost and complexity when applying the guidance in Topic
718,
Compensation-Stock Compensation, to a change to the terms or conditions of a share-based payment award. The accounting standard update became effective for the Company on
January 1, 2018.
ASU
2017
-
09
did
not
have any material impact on our consolidated financial statements.