$SMSI
SMITH MICRO SOFTWARE, INC.

2019 Q3 Form 10-Q Financial Statement

#000156459019039413 Filed on November 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3 2018 Q2
Revenue $11.78M $6.525M $6.945M
YoY Change 80.57% 12.42% 18.47%
Cost Of Revenue $1.011M $980.0K $1.120M
YoY Change 3.16% -15.52% -13.18%
Gross Profit $10.77M $5.546M $5.829M
YoY Change 94.21% 19.4% 27.35%
Gross Profit Margin 91.42% 85.0% 83.93%
Selling, General & Admin $4.189M $3.359M $3.510M
YoY Change 24.71% -7.54% -5.14%
% of Gross Profit 38.89% 60.57% 60.22%
Research & Development $3.063M $2.049M $2.200M
YoY Change 49.49% -2.43% 1.38%
% of Gross Profit 28.44% 36.95% 37.74%
Depreciation & Amortization $320.0K $240.0K $200.0K
YoY Change 33.33% 4.35% -13.04%
% of Gross Profit 2.97% 4.33% 3.43%
Operating Expenses $7.291M $5.491M $5.755M
YoY Change 32.78% -1.72% -1.96%
Operating Profit $3.480M $55.00K $74.00K
YoY Change 6227.27% -105.84% -104.57%
Interest Expense $90.00K -$1.130M -$2.230M
YoY Change -107.96% 258.73% 471.79%
% of Operating Profit 2.59% -2054.55% -3013.51%
Other Income/Expense, Net $0.00 -$1.000K -$10.00K
YoY Change -100.0% -50.0%
Pretax Income $3.567M -$976.0K -$2.164M
YoY Change -465.47% -41.35% 10.97%
Income Tax $0.00 $7.000K $13.00K
% Of Pretax Income 0.0%
Net Earnings $3.567M -$983.0K -$2.177M
YoY Change -462.87% -41.14% 11.53%
Net Earnings / Revenue 30.27% -15.07% -31.35%
Basic Earnings Per Share $0.10 -$0.04 -$0.10
Diluted Earnings Per Share $0.09 -$0.04 -$0.10
COMMON SHARES
Basic Shares Outstanding 36.09M 25.02M 21.89M
Diluted Shares Outstanding 39.47M 25.02M 21.89M

Balance Sheet

Concept 2019 Q3 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.90M $8.400M $8.700M
YoY Change 184.52% 115.38% 262.5%
Cash & Equivalents $23.87M $8.387M $8.745M
Short-Term Investments
Other Short-Term Assets $800.0K $700.0K $800.0K
YoY Change 14.29% 0.0% 0.0%
Inventory
Prepaid Expenses
Receivables $11.09M $6.300M $6.200M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $35.72M $15.50M $15.70M
YoY Change 130.45% 56.57% 99.92%
LONG-TERM ASSETS
Property, Plant & Equipment $1.392M $900.0K $1.100M
YoY Change 54.67% -35.71% -28.66%
Goodwill $7.797M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $239.0K $500.0K $600.0K
YoY Change -52.2% 400.0% 310.96%
Total Long-Term Assets $20.84M $5.400M $5.700M
YoY Change 285.91% -5.26% -4.83%
TOTAL ASSETS
Total Short-Term Assets $35.72M $15.50M $15.70M
Total Long-Term Assets $20.84M $5.400M $5.700M
Total Assets $56.56M $20.90M $21.40M
YoY Change 170.62% 33.97% 54.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.536M $1.100M $1.300M
YoY Change 39.64% -15.38% 0.31%
Accrued Expenses $3.500M $2.300M $2.400M
YoY Change 52.17% -28.13% -25.28%
Deferred Revenue $105.0K $120.0K
YoY Change -12.5%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.135M $3.540M $4.000M
YoY Change 45.06% -50.14% -43.47%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $3.000M $2.900M
YoY Change -100.0% 100.0% 26.09%
Other Long-Term Liabilities $151.0K $11.30M $10.50M
YoY Change -98.66% 384.56% 283.49%
Total Long-Term Liabilities $6.637M $14.30M $13.40M
YoY Change -53.59% 257.05% 112.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.135M $3.540M $4.000M
Total Long-Term Liabilities $6.637M $14.30M $13.40M
Total Liabilities $11.77M $17.80M $17.40M
YoY Change -33.87% 60.36% 30.1%
SHAREHOLDERS EQUITY
Retained Earnings -$229.1M
YoY Change
Common Stock $273.9M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $44.79M $3.138M $3.984M
YoY Change
Total Liabilities & Shareholders Equity $56.56M $20.90M $21.40M
YoY Change 170.62% 33.68% 54.6%

Cashflow Statement

Concept 2019 Q3 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $3.567M -$983.0K -$2.177M
YoY Change -462.87% -41.14% 11.53%
Depreciation, Depletion And Amortization $320.0K $240.0K $200.0K
YoY Change 33.33% 4.35% -13.04%
Cash From Operating Activities $6.390M -$240.0K -$930.0K
YoY Change -2762.5% -86.96% -56.54%
INVESTING ACTIVITIES
Capital Expenditures -$530.0K -$60.00K -$90.00K
YoY Change 783.33% 500.0% 80.0%
Acquisitions
YoY Change
Other Investing Activities $10.00K
YoY Change
Cash From Investing Activities -$530.0K -$60.00K -$90.00K
YoY Change 783.33% 500.0% 80.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.40M -60.00K 6.120M
YoY Change -19100.0% -101.76% 197.09%
NET CHANGE
Cash From Operating Activities 6.390M -240.0K -930.0K
Cash From Investing Activities -530.0K -60.00K -90.00K
Cash From Financing Activities 11.40M -60.00K 6.120M
Net Change In Cash 17.26M -360.0K 5.100M
YoY Change -4894.44% -123.08% -4023.08%
FREE CASH FLOW
Cash From Operating Activities $6.390M -$240.0K -$930.0K
Capital Expenditures -$530.0K -$60.00K -$90.00K
Free Cash Flow $6.920M -$180.0K -$840.0K
YoY Change -3944.44% -90.16% -59.81%

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-5542000
us-gaap Profit Loss
ProfitLoss
7051000
us-gaap Profit Loss
ProfitLoss
-5541000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
997000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
651000
smsi Non Cash Lease Expense
NonCashLeaseExpense
730000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
197000
us-gaap Restructuring Costs
RestructuringCosts
154000
us-gaap Restructuring Costs
RestructuringCosts
135000
smsi Increase Decrease In Reserves Against Accounts Receivable
IncreaseDecreaseInReservesAgainstAccountsReceivable
127000
smsi Increase Decrease In Reserves Against Accounts Receivable
IncreaseDecreaseInReservesAgainstAccountsReceivable
6000
us-gaap Inventory Write Down
InventoryWriteDown
1000
us-gaap Inventory Write Down
InventoryWriteDown
-18000
smsi Gain Loss On Disposal Of Fixed Assets
GainLossOnDisposalOfFixedAssets
-6000
us-gaap Share Based Compensation
ShareBasedCompensation
1139000
us-gaap Share Based Compensation
ShareBasedCompensation
674000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4031000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1189000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-52000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
145000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-701000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-973000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-214000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
47000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4828000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3030000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3974000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
363000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
824000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
172000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4435000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-172000
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
10000
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
5000
smsi Proceeds From Payments Related To Issuance Of Common Stock
ProceedsFromPaymentsRelatedToIssuanceOfCommonStock
-14000
smsi Proceeds From Payments Related To Issuance Of Common Stock
ProceedsFromPaymentsRelatedToIssuanceOfCommonStock
10749000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
11403000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
38000
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1000000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
119000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
370000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11318000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9384000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11711000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6182000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12159000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2205000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
23870000
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8387000
us-gaap Income Taxes Paid
IncomeTaxesPaid
60000
us-gaap Income Taxes Paid
IncomeTaxesPaid
4000
us-gaap Interest Paid Net
InterestPaidNet
334000
smsi Issuance Of Common Stock In Connection With Acquisition
IssuanceOfCommonStockInConnectionWithAcquisition
5129000
us-gaap Stock Issued1
StockIssued1
6792000
smsi Cancellation Of Shares For Payment Of Withholding Tax
CancellationOfSharesForPaymentOfWithholdingTax
-506000
smsi Cancellation Of Shares For Payment Of Withholding Tax
CancellationOfSharesForPaymentOfWithholdingTax
-151000
us-gaap Nature Of Operations
NatureOfOperations
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1. The Company</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Smith Micro Software, Inc. (&#8220;Smith Micro&#8221; or the &#8220;Company&#8221;) develops software to simplify and enhance the mobile experience, providing solutions to some of the leading wireless service providers and cable multiple service operators (&#8220;MSOs&#8221;) around the world.&#160;From enabling the family digital lifestyle to providing powerful voice messaging capabilities, our solutions enrich today&#8217;s connected lifestyles while creating new opportunities to engage consumers via smartphones and consumer internet of things (&#8220;IoT&#8221;) devices. Our portfolio also includes a wide range of products for creating, sharing and monetizing rich content, such as visual messaging, optimizing retail content display, analytics capabilities, and graphics applications.</p>
CY2019Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
11782000
CY2018Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
7389000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
31068000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
21621000
CY2019Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
3567000
CY2018Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-705000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
7051000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-4790000
CY2019Q3 us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
0.10
CY2018Q3 us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
-0.03
us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
0.21
us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
-0.25
CY2019Q3 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.09
CY2018Q3 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
-0.03
us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.20
us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
-0.25
us-gaap Substantial Doubt About Going Concern Managements Evaluation
SubstantialDoubtAboutGoingConcernManagementsEvaluation
In connection with preparing consolidated financial statements for the three and nine months ended September 30, 2019, management evaluated whether there were conditions and events that, when considered in the aggregate, raised substantial doubt about the Company’s ability to continue as a going concern within one year from the date that the financial statements are issued.The Company considered the historical operating loss and negative cash flow from operating activities trends, including the positive trends occurring in the recent year. Ordinarily, conditions or events that raise substantial doubt about an entity’s ability to continue as a going concern relate to the entity’s ability to meet its obligations as they become due. The Company evaluated its ability to meet its obligations as they become due within one year from the date that the financial statements are issued by considering the following: In May 2017, the Company raised $2.2 million of new capital in a private placement offering of its common stock. In September 2017, the Company closed on a $5.5 million preferred stock transaction which converted $2.8 million of long and short-term debt and raised $2.7 million of new capital. On March 5, 2018, the Company raised $5.0 million of new capital in a private placement offering of its common stock. On May 3, 2018, the Company raised $7.0 million of new capital in a private placement offering of its common stock. On November 7, 2018, the Company raised $7.5 million of new capital in a private placement offering of its common stock. Following this transaction, $3.2 million of short and long-term debt was repaid. During the third quarter of 2019, the Company received over $11.0 million in cash as a result of warrant exercises. Management believes the Company will generate enough cash from operations to satisfy its obligations for the next twelve months from the issuance date.
CY2017Q3 smsi Shares Issued During Preferred Stock Value New Issues
SharesIssuedDuringPreferredStockValueNewIssues
5500000
CY2017Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2800000
CY2017Q3 smsi Proceeds From Issuance Of Preferred Stock And Preference Stock Gross
ProceedsFromIssuanceOfPreferredStockAndPreferenceStockGross
2700000
CY2019Q3 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
11000000
us-gaap Substantial Doubt About Going Concern Managements Plans Substantial Doubt Not Alleviated
SubstantialDoubtAboutGoingConcernManagementsPlansSubstantialDoubtNotAlleviated
The Company will take the following actions, if it starts to trend unfavorably against its internal profitability and cash flow projections, in order to mitigate conditions or events that would raise substantial doubt about its ability to continue as a going concern: Raise additional capital through a private placement. Raise additional capital through short-term loans. Implement restructuring and cost reductions. Secure a commercial bank line of credit. Sell or license intellectual property.
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019Q3 us-gaap Profit Loss
ProfitLoss
3567000
CY2018Q3 us-gaap Profit Loss
ProfitLoss
-983000
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
2117000
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
67000
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
126000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
131000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1086000
CY2019Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
0
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
27000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2018Q3 smsi Number Of Geographic Location
NumberOfGeographicLocation
3
CY2019Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
52000
CY2018Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
43000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
119000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
370000
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3515000
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1026000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6932000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5911000
CY2019Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
3378000
us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
The Company leases office space and equipment, and certain office space is subleased. Management determines if a contract is a lease at the inception of the arrangement and reviews all options to extend, terminate, or purchase its right-of-use assets at the inception of the lease and accounts for these options when they are reasonably certain of being exercised.
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
518000
us-gaap Operating Lease Cost
OperatingLeaseCost
1553000
CY2019Q3 us-gaap Sublease Income
SubleaseIncome
151000
us-gaap Sublease Income
SubleaseIncome
452000
CY2019Q3 us-gaap Lease Cost
LeaseCost
367000
us-gaap Lease Cost
LeaseCost
1101000
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
6963000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
354000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1654000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1631000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1220000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1231000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2338000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8428000
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1465000
smsi Cumulative Loss Period
CumulativeLossPeriod
P5Y
CY2019Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
52400000

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