2019 Q4 Form 10-Q Financial Statement

#000168875719000060 Filed on November 12, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $24.25M $22.85M $16.29M
YoY Change 47.87% 40.33% 122.36%
Cost Of Revenue $7.890M $8.616M $6.173M
YoY Change 21.01% 39.58% 65.94%
Gross Profit $16.36M $14.24M $10.11M
YoY Change 65.75% 40.79% 180.6%
Gross Profit Margin 67.46% 62.3% 62.1%
Selling, General & Admin $17.13M $19.23M $12.99M
YoY Change 15.51% 48.07% 59.54%
% of Gross Profit 104.71% 135.04% 128.4%
Research & Development $3.630M $3.776M $3.174M
YoY Change -0.82% 18.97% 121.03%
% of Gross Profit 22.19% 26.52% 31.39%
Depreciation & Amortization $1.080M $21.00K $21.00K
YoY Change 40.26% 0.0% -96.18%
% of Gross Profit 6.6% 0.15% 0.21%
Operating Expenses $20.76M $23.00M $16.16M
YoY Change 12.22% 42.35% 68.76%
Operating Profit -$4.400M -$8.765M -$6.046M
YoY Change -49.02% 44.97% 1.26%
Interest Expense -$1.930M $1.805M $2.204M
YoY Change -16.45% -18.1% -67.06%
% of Operating Profit
Other Income/Expense, Net $1.030M -$2.340M -$1.274M
YoY Change 80.7% 83.67% 1512.66%
Pretax Income -$5.300M -$12.47M $1.207M
YoY Change -48.84% -1132.89% -111.34%
Income Tax $250.0K $308.0K -$99.00K
% Of Pretax Income -8.2%
Net Earnings -$5.560M -$12.78M $1.306M
YoY Change -47.1% -1078.18% -112.24%
Net Earnings / Revenue -22.93% -55.9% 8.02%
Basic Earnings Per Share -$0.62 $0.07
Diluted Earnings Per Share -$268.2K -$0.62 $0.06
COMMON SHARES
Basic Shares Outstanding 20.60M shares 20.62M shares 19.15M shares
Diluted Shares Outstanding 20.62M shares 20.12M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.70M $42.60M $65.60M
YoY Change -28.33% -35.06%
Cash & Equivalents $37.66M $42.56M $65.58M
Short-Term Investments
Other Short-Term Assets $6.800M $7.000M $5.600M
YoY Change 58.14% 25.0%
Inventory $28.66M $26.39M $15.37M
Prepaid Expenses
Receivables $22.77M $22.02M $18.25M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $95.84M $97.94M $104.8M
YoY Change -3.62% -6.54%
LONG-TERM ASSETS
Property, Plant & Equipment $16.42M $16.65M $12.89M
YoY Change 27.14% 29.15%
Goodwill $465.0K $465.0K $465.0K
YoY Change 0.0% 0.0%
Intangibles $3.441M $2.893M $2.970M
YoY Change -0.12% -2.59%
Long-Term Investments
YoY Change
Other Assets $368.0K $312.0K $283.0K
YoY Change 16.83% 10.25%
Total Long-Term Assets $20.69M $20.32M $16.69M
YoY Change 20.74% 21.79%
TOTAL ASSETS
Total Short-Term Assets $95.84M $97.94M $104.8M
Total Long-Term Assets $20.69M $20.32M $16.69M
Total Assets $116.5M $118.3M $121.5M
YoY Change -0.04% -2.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.37M $9.383M $5.492M
YoY Change 66.15% 70.85%
Accrued Expenses $10.68M $9.866M $5.861M
YoY Change 74.32% 68.33%
Deferred Revenue $785.0K $719.0K
YoY Change -13.55%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $300.0K $400.0K $300.0K
YoY Change 0.0% 33.33%
Total Short-Term Liabilities $23.24M $20.35M $14.85M
YoY Change 41.31% 37.0%
LONG-TERM LIABILITIES
Long-Term Debt $48.14M $47.80M $21.50M
YoY Change 115.88% 122.33%
Other Long-Term Liabilities $2.461M $3.055M $3.431M
YoY Change -30.7% -10.96%
Total Long-Term Liabilities $50.60M $3.055M $3.431M
YoY Change 1325.04% -10.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.24M $20.35M $14.85M
Total Long-Term Liabilities $50.60M $3.055M $3.431M
Total Liabilities $76.92M $74.45M $44.49M
YoY Change 63.35% 67.36%
SHAREHOLDERS EQUITY
Retained Earnings -$127.1M -$121.6M -$78.46M
YoY Change 42.88% 54.94%
Common Stock $147.7M $147.2M
YoY Change 1.36%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.854M $2.854M $2.854M
YoY Change 0.0% 0.0%
Treasury Stock Shares 408.1K shares 408.1K shares 408.1K shares
Shareholders Equity $39.61M $43.80M $76.99M
YoY Change
Total Liabilities & Shareholders Equity $116.5M $118.3M $121.5M
YoY Change -0.04% -2.65%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income -$5.560M -$12.78M $1.306M
YoY Change -47.1% -1078.18% -112.24%
Depreciation, Depletion And Amortization $1.080M $21.00K $21.00K
YoY Change 40.26% 0.0% -96.18%
Cash From Operating Activities -$4.020M -$10.90M -$10.50M
YoY Change -52.59% 3.81% 16.28%
INVESTING ACTIVITIES
Capital Expenditures -$1.360M -$740.0K -$570.0K
YoY Change 189.36% 29.82% 54.05%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.360M -$740.0K -$570.0K
YoY Change -69.3% 29.82% 54.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 370.0K 22.46M 65.29M
YoY Change -716.67% -65.6% 393.13%
NET CHANGE
Cash From Operating Activities -4.020M -10.90M -10.50M
Cash From Investing Activities -1.360M -740.0K -570.0K
Cash From Financing Activities 370.0K 22.46M 65.29M
Net Change In Cash -5.010M 10.82M 54.22M
YoY Change -61.37% -80.04% 1311.98%
FREE CASH FLOW
Cash From Operating Activities -$4.020M -$10.90M -$10.50M
Capital Expenditures -$1.360M -$740.0K -$570.0K
Free Cash Flow -$2.660M -$10.16M -$9.930M
YoY Change -66.79% 2.32% 14.67%

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3281000 USD
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.66
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.62
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.59
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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7700000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1213000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1782000 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.66
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.59
CY2019Q3 us-gaap Gross Profit
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14238000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2602000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
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-3200000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
583000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
177000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
109000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
345000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2600000 USD
CY2019Q3 us-gaap Goodwill
Goodwill
465000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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-76000 USD
CY2018Q3 us-gaap Gross Profit
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10113000 USD
us-gaap Gross Profit
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26245000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-75000 USD
CY2018Q4 us-gaap Goodwill
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465000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-2102000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-2890000 USD
CY2018Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
11420000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
15945000 USD
CY2019Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
235000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
2843000 USD
us-gaap Goodwill Acquired During Period
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0 USD
CY2018 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
us-gaap Goodwill Impairment Loss
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0 USD
us-gaap Gross Profit
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38502000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1207000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-10521000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-12467000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-32207000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-99000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
63000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
308000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
387000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
89000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
201000 USD
us-gaap Increase Decrease In Accounts Payable
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-2460000 USD
us-gaap Increase Decrease In Accounts Payable
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3683000 USD
us-gaap Increase Decrease In Accounts Receivable
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5867000 USD
us-gaap Increase Decrease In Accounts Receivable
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5279000 USD
us-gaap Increase Decrease In Accrued Liabilities
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3674000 USD
us-gaap Increase Decrease In Accrued Liabilities
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3964000 USD
us-gaap Increase Decrease In Inventories
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3346000 USD
us-gaap Increase Decrease In Inventories
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2007000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
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13000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
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3000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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-191000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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256000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3811000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2949000 USD
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
291000 USD
CY2019Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
291000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
4658000 USD
CY2019Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
4675000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3445000 USD
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2893000 USD
CY2018Q3 us-gaap Interest Expense
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2204000 USD
us-gaap Interest Expense
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6548000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
1805000 USD
us-gaap Interest Expense
InterestExpense
6568000 USD
us-gaap Interest Paid Net
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3975000 USD
us-gaap Interest Paid Net
InterestPaidNet
4192000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
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20252000 USD
CY2019Q3 us-gaap Inventory Finished Goods Net Of Reserves
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20921000 USD
us-gaap Inventory Write Down
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0 USD
us-gaap Inventory Write Down
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-93000 USD
CY2018Q3 us-gaap Investment Income Interest
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5000 USD
us-gaap Investment Income Interest
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9000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
24845000 USD
CY2019Q3 us-gaap Inventory Net
InventoryNet
26387000 USD
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
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3349000 USD
CY2019Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
4160000 USD
CY2018Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
200000 USD
CY2019Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
300000 USD
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1244000 USD
CY2019Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1306000 USD
CY2019Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
3000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
13000 USD
CY2018Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
300000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
700000 USD
CY2019Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
300000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
900000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
47088000 USD
CY2019Q3 us-gaap Liabilities
Liabilities
74452000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
116573000 USD
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
118256000 USD
CY2018Q4 us-gaap Liabilities Current
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16447000 USD
CY2019Q3 us-gaap Liabilities Current
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20346000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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81587000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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22424000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-1300000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-25405000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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-25957000 USD
CY2018Q1 us-gaap Net Income Loss
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-6530000 USD
CY2018Q2 us-gaap Net Income Loss
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-5360000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
1306000 USD
us-gaap Net Income Loss
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CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-10779000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-9040000 USD
CY2019Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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0 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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1257000 USD
us-gaap Number Of Reportable Segments
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1 segment
us-gaap Number Of Reporting Units
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1 reportingunit
CY2018Q3 us-gaap Operating Expenses
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16159000 USD
us-gaap Operating Expenses
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41488000 USD
CY2019Q3 us-gaap Operating Expenses
OperatingExpenses
23003000 USD
us-gaap Operating Expenses
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65038000 USD
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us-gaap Operating Income Loss
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3748000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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373000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
405000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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467000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
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30000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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603000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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1734000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
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166000 USD
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854000 USD
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315000 USD
CY2019Q3 us-gaap Other Assets Noncurrent
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312000 USD
CY2018Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
529000 USD
CY2018Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
200000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
723000 USD
CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
67000 USD
CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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CY2019Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
659000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
572000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
200000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
723000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
659000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
572000 USD
CY2018Q4 us-gaap Other Liabilities Current
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4083000 USD
CY2019Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1097000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
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3551000 USD
CY2019Q3 us-gaap Other Liabilities Noncurrent
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3055000 USD
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us-gaap Other Nonoperating Income Expense
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CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2018Q4 us-gaap Other Sundry Liabilities Noncurrent
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568000 USD
CY2019Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
310000 USD
CY2017Q3 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
4700000 USD
us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
0 USD
us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
2261000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
135000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
41000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
17000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1259000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5623000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4303000 USD
CY2019Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6968000 USD
us-gaap Proceeds From Long Term Lines Of Credit
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0 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
24748000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
616000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
278000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
121000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
58000 USD
CY2018Q4 us-gaap Product Warranty Accrual Classified Current
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148000 USD
CY2019Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
259000 USD
us-gaap Property Plant And Equipment Estimated Useful Lives
PropertyPlantAndEquipmentEstimatedUsefulLives
P50Y
CY2018Q4 us-gaap Property Plant And Equipment Gross
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18143000 USD
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23448000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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12913000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16650000 USD
us-gaap Provision For Doubtful Accounts
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25000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
70000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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226000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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264000 USD
us-gaap Repayments Of Related Party Debt
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5083000 USD
us-gaap Repayments Of Related Party Debt
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0 USD
CY2018Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3174000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9026000 USD
CY2019Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3776000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11361000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
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CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16286000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
44811000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22854000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
65316000 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
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12985000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
32462000 USD
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
19227000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
53677000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
700000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
16.14
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
26796 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
439000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.57
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
23778000 USD
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
11470000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1486363 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1845517 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.43
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
14.63
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
7900000 USD
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
705475 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
8.08
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.23
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
24.39
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y8M27D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y2M27D
us-gaap Stock Issued1
StockIssued1
0 USD
CY2018Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
us-gaap Stock Issued1
StockIssued1
630000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
53050 shares
CY2018Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1610000 USD
CY2018Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
14492000 USD
CY2018Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
70055000 USD
CY2019Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
630000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
337000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
743000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1470000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2754000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1836000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1894000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1444000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
436000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 USD
CY2018Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
180000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
84000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
92000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
102000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-5013000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
-8760000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
2371000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
76987000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
69485000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
61030000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
53787000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
43804000 USD
CY2018Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
479000 USD
CY2019Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
0 USD
CY2018Q3 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 USD
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
408070 shares
CY2019Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
408070 shares
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2854000 USD
CY2019Q3 us-gaap Treasury Stock Value
TreasuryStockValue
2854000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
15945000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2843000 USD
CY2018Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
2300000 USD
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20123297 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16146675 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20620828 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20478603 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19152995 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16146675 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20620828 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20478603 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk and Other Risks and Uncertainties</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;">Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash and accounts receivable. The majority of the Company&#8217;s cash is held at two financial institutions in the United States. The Company has not experienced any losses to its deposits of cash.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;">All of the Company&#8217;s revenue has been derived from sales of its products in international markets, principally Europe, the Middle East, Latin America, and Asia. In the international markets in which the Company participates, the Company uses a combination of distributors and makes direct sales to customers. The Company performs ongoing credit evaluations of its distributors and customers, does not require collateral, and maintains allowances for potential credit losses on customer accounts when deemed necessary.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">During the </font><font style="font-family:Arial;font-size:10pt;">nine</font><font style="font-family:Arial;font-size:10pt;"> months ended </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2019</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2018</font><font style="font-family:Arial;font-size:10pt;">, no customers accounted for more than 10% of the Company&#8217;s revenue. Substantially all of the Company&#8217;s revenues are derived from the sale of Motiva Implants. </font><font style="font-family:Arial;font-size:10pt;">One</font><font style="font-family:Arial;font-size:10pt;"> customer accounted for </font><font style="font-family:Arial;font-size:10pt;">14.0%</font><font style="font-family:Arial;font-size:10pt;"> and another customer accounted for </font><font style="font-family:Arial;font-size:10pt;">11.2%</font><font style="font-family:Arial;font-size:10pt;"> of the Company&#8217;s accounts receivable balance as of September 30, 2019. No customers accounted for more than 10% of the Company&#8217;s accounts receivable balance as of </font><font style="font-family:Arial;font-size:10pt;color:#231f20;">December&#160;31, 2018</font><font style="font-family:Arial;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company relies on NuSil Technology, LLC, or NuSil, as the sole supplier of medical-grade silicone used in Motiva Implants. During the </font><font style="font-family:Arial;font-size:10pt;">nine</font><font style="font-family:Arial;font-size:10pt;"> months ended </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2019</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2018</font><font style="font-family:Arial;font-size:10pt;">, the Company had purchases of </font><font style="font-family:Arial;font-size:10pt;">$12.6 million</font><font style="font-family:Arial;font-size:10pt;">, or </font><font style="font-family:Arial;font-size:10pt;">60.3%</font><font style="font-family:Arial;font-size:10pt;"> of total purchases, and </font><font style="font-family:Arial;font-size:10pt;">$10.6 million</font><font style="font-family:Arial;font-size:10pt;">, or </font><font style="font-family:Arial;font-size:10pt;">64.9%</font><font style="font-family:Arial;font-size:10pt;"> of total purchases, respectively, from NuSil. As of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2019</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;color:#231f20;">December&#160;31, 2018</font><font style="font-family:Arial;font-size:10pt;">, we had an outstanding balance owed to this vendor of </font><font style="font-family:Arial;font-size:10pt;">$2.1 million</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">$0.8 million</font><font style="font-family:Arial;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company&#8217;s future results of operations involve a number of risks and uncertainties. Factors that could affect the Company&#8217;s future operating results and cause actual results to vary materially from expectations include, but are not limited to, uncertainty of regulatory approval of the Company&#8217;s current and potential future products, uncertainty of market acceptance of the Company&#8217;s products, competition from substitute products and larger companies, securing and protecting proprietary technology, strategic relationships and dependence on key individuals and sole source suppliers. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Products developed by the Company require clearances from the FDA or other international regulatory agencies prior to commercial sales. There can be no assurance that the products will receive the necessary clearances. If the Company was denied clearance, clearance was delayed, or the Company was unable to maintain its existing clearances, these developments could have a material adverse impact on the Company.</font></div></div>
us-gaap Derivatives Embedded Derivatives
DerivativesEmbeddedDerivatives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Debt and Embedded Derivatives</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company applies the accounting standards for derivatives and hedging and for distinguishing liabilities from equity when accounting for hybrid contracts. The Company accounts for convertible debt instruments when the Company has determined that the embedded conversion options should not be bifurcated from their host instruments in accordance with ASC 470-20 </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Debt with Conversion and Other Options</font><font style="font-family:Arial;font-size:10pt;"> (see Note 6).</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company uses option pricing valuation models to determine the fair value of embedded derivatives and records any change in fair value as a component of other income or expense in the condensed consolidated statements of operations (see Note&#160;5).</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;">The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Significant accounting </font><font style="font-family:Arial;font-size:10pt;">estimates and management judgments reflected in the condensed </font><font style="font-family:Arial;font-size:10pt;color:#231f20;">consolidated</font><font style="font-family:Arial;font-size:10pt;"> financial statements include items such as accounts receivable valuation and allowances, inventory valuation and allowances, valuation of acquired intangible assets, valuation of derivatives, estimation of assets&#8217; useful lives and valuation of deferred income tax assets, including tax valuation allowances. Estimates are based</font><font style="font-family:Arial;font-size:10pt;color:#231f20;"> on historical experience, where applicable, and other assumptions believed to be reasonable by management. Actual results may differ from those estimates under different assumptions or conditions.</font></div></div>

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