Annual report pursuant to Section 13 and 15(d)

Note 3 - Revenue Recognition

v3.19.1
Note 3 - Revenue Recognition
 12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]
3
.
Revenue Recognition
 
Adoption of ASC
606
 
 
Except for the changes related to the adoption of ASC
606,
we have consistently applied the accounting policies to all periods in these consolidated financial statements. The overall financial impact of adopting this standard did
not
have a material impact on our balance sheets and cash flows. The following table presents the financial impact of ASC
606
on the Consolidated Statements of Operations for the year ended
December 31, 2018 (
in thousands):
 
   
2018
 
   
As Reported
    
Adjustments
    
Pro-Forma as if
Previous Accounting
Guidance Was in Effect
(Unaudited)
  
Net revenues:
                        
Net rental revenues
   $
56,584
     $
6,319
     $
62,903
  
Net revenues
    
67,138
      
6,319
      
73,457
  
Gross profit
    
39,018
      
6,319
      
45,337
  
Selling, general and administrative expenses:
                        
Provision for doubtful accounts
    
-
      
6,319
      
6,319
  
Total selling, general and administrative
    
38,603
      
6,319
      
44,922
  
 
 
The following table presents disaggregated revenue by offering type:
 
   
2018
  
       
Third-Party Payor Rentals
  
47.6%
  
Direct Payor Rentals
  
36.7%
  
Product Sales
  
15.7%
  
Total - Net revenues
  
100.0%