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%