Rubicon Technology (RBCN) 10-Q 9 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 04, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	RBCN
Entity Registrant Name	RUBICON TECHNOLOGY, INC.
Entity Central Index Key	1,410,172
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		26,203,535

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 21,428	$ 24,353
Restricted cash	167	183
Short-term investments	12,676	20,562
Accounts receivable, net	3,276	8,323
Inventories	23,112	22,739
Other inventory supplies	6,660	8,208
Prepaid expenses and other current assets	1,063	1,035
Total current assets	68,382	85,403
Property and equipment, net	59,079	107,676
Other assets	1,492	1,827
Total assets	128,953	194,906
Liabilities and stockholders' equity
Accounts payable	2,563	3,754
Accrued payroll	192	514
Accrued and other current liabilities	1,381	925
Corporate income and franchise taxes	200	270
Accrued real estate taxes	183	280
Advance payments	37	10
Total current liabilities	4,556	5,753
Deferred tax liability	9	593
Total liabilities	$ 4,565	$ 6,346
Commitments and contingencies
Stockholders' equity
Preferred stock, $0.001 par value, 5,000,000 undesignated shares authorized, no shares issued or outstanding
Common stock, $0.001 par value, 40,000,000 shares authorized and 27,978,379 and 27,913,788 shares issued; 26,203,535 and 26,138,944 shares outstanding	$ 28	$ 28
Additional paid-in capital	373,255	372,319
Treasury stock, at cost, 1,774,844 shares	(12,148)	(12,148)
Accumulated other comprehensive loss	(27)	(43)
Accumulated deficit	(236,720)	(171,596)
Total stockholders' equity	124,388	188,560
Total liabilities and stockholders' equity	$ 128,953	$ 194,906

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	27,978,379	27,913,788
Common stock, shares outstanding	26,203,535	26,138,944
Treasury stock, shares	1,774,844	1,774,844

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Revenue	$ 5,346	$ 8,036	$ 21,362	$ 36,773
Cost of goods sold	9,237	17,496	35,517	61,001
Gross loss	(3,891)	(9,460)	(14,155)	(24,228)
Operating expenses:
General and administrative	3,037	2,949	7,293	7,534
Sales and marketing	287	337	979	1,136
Research and development	558	446	1,594	1,413
Long-lived asset impairment charges	39,597		39,597
Loss on disposal of assets		680	22	665
Loss from operations	(47,370)	(13,872)	(63,640)	(34,976)
Other income:
Interest income	15	22	52	66
Interest expense	(29)	(24)	(76)	(71)
Realized (loss) gain on foreign currency translation	(1,475)	(137)	(2,036)	98
Total other (expense) income	(1,489)	(139)	(2,060)	93
Loss before income taxes	(48,859)	(14,011)	(65,700)	(34,883)
Income tax benefit	663	298	576	292
Net loss	$ (48,196)	$ (13,713)	$ (65,124)	$ (34,591)
Net loss per common share
Basic	$ (1.84)	$ (0.53)	$ (2.49)	$ (1.35)
Diluted	$ (1.84)	$ (0.53)	$ (2.49)	$ (1.35)
Weighted average common shares outstanding used in computing net loss per common share	26,160,308	26,110,651	26,143,948	25,711,532

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net loss	$ (48,196)	$ (13,713)	$ (65,124)	$ (34,591)
Other comprehensive income (loss):
Unrealized gain on investments, net of tax	5	602	15	540
Unrealized gain (loss) on currency translation	2	(2)	1	(2)
Other comprehensive income	7	600	16	538
Comprehensive loss	$ (48,189)	$ (13,113)	$ (65,108)	$ (34,053)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net loss	$ (65,124)	$ (34,591)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	9,780	10,321
Long-lived asset impairment charges	39,597
Net loss on disposal of assets	22	665
Stock-based compensation	939	1,081
Deferred taxes	(584)	(363)
Changes in operating assets and liabilities:
Accounts receivable	5,047	(2,251)
Inventories	(2,177)	11,330
Other inventory supplies	1,146	3,404
Prepaid expenses and other assets	304	(483)
Accounts payable	(910)	(401)
Accrued payroll	(296)	256
Corporate income and franchise taxes	(70)	4
Advanced payments	27	(402)
Accrued and other current liabilities	394	(60)
Net cash used in operating activities	(11,905)	(11,490)
Cash flows from investing activities
Purchases of property and equipment	(801)	(6,127)
Proceeds from disposal of assets		15
Purchases of investments	(3,099)	(28,359)
Proceeds from sale of investments	11,000	15,000
Net cash provided by (used in) investing activities	7,100	(19,471)
Cash flows from financing activities
Proceeds from issuance of common stock, net of issuance costs		34,957
Proceeds from exercise of options	4	212
Cash used to settle net equity awards	16
Restricted cash	(8)	(30)
Net cash provided by financing activities	12	35,139
Net effect of currency translation	1,868	(105)
Net (decrease) increase in cash and cash equivalents	(2,925)	4,073
Cash and cash equivalents, beginning of period	24,353	21,071
Cash and cash equivalents, end of period	$ 21,428	$ 25,144

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. BASIS OF PRESENTATION Interim financial data The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete consolidated financial statements and should be read in conjunction with Rubicon Technology, Inc.’s (the “Company”) annual report filed on Form 10-K for the fiscal year ended December 31, 2014. In the opinion of management, all adjustments (consisting only of adjustments of a normal and recurring nature) considered necessary for a fair presentation of the results of operations have been included. Consolidated operating results for the three and nine months periods ended September 30, 2015 are not necessarily indicative of results that may be expected for the year ending December 31, 2015.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Rubicon Worldwide LLC and Rubicon Sapphire Technology (Malaysia) SDN BHD. All intercompany transactions and balances have been eliminated in consolidation. Foreign currency translation and transactions Rubicon Worldwide LLC’s assets and liabilities are translated into U.S. dollars at exchange rates existing at the respective balance sheet dates and capital accounts at historical exchange rates. The results of operations are translated into U.S. dollars at the average exchange rates during the respective period. Translation adjustments resulting from fluctuations in exchange rates for Rubicon Worldwide LLC are recorded as a separate component of accumulated other comprehensive income (loss) within stockholders’ equity. The Company has determined that the functional currency of Rubicon Sapphire Technology (Malaysia) SDN BHD is the U.S. dollar. Rubicon Sapphire Technology (Malaysia) SDN BHD’s assets and liabilities are translated into U.S. dollars using the remeasurement method. Non-monetary assets are translated at historical exchange rates and monetary assets are translated at exchange rates existing at the respective balance sheet dates. Translation adjustments for Rubicon Sapphire Technology (Malaysia) SDN BHD are included in determining net income (loss) for the period. The results of operations are translated into U.S. dollars at the average exchange rates during the respective period. The Company records these gains and losses in other income (expense). Foreign currency transaction gains and losses are generated from the effects of exchange rate changes on transactions denominated in a currency other than the functional currency of the Company, which is the U.S. dollar. Gains and losses on foreign currency transactions are generally required to be recognized in the determination of net income (loss) for the period. The Company records these gains and losses in other income (expense). Investments The Company invests available cash primarily in investment grade commercial paper, FDIC guaranteed certificates of deposit, common stock, corporate notes and government securities. Investments classified as available-for-sale securities are carried at fair market value with unrealized gains and losses recorded in accumulated other comprehensive income (loss). Investments in trading securities are reported at fair value, with both realized and unrealized gains and losses recorded in other income (expense), in the Consolidated Statement of Operations. Investments in which the Company has the ability and intent, if necessary, to liquidate in order to support its current operations, are classified as short-term. The Company reviews its available-for-sale securities investments at the end of each quarter for other-than-temporary declines in fair value based on the specific identification method. The Company considers various factors in determining whether an impairment is other-than-temporary, including the severity and duration of the impairment, changes in underlying credit ratings, forecasted recovery, its ability and intent to hold the investment for a period of time sufficient to allow for any anticipated recovery in market value and the probability that the scheduled cash payments will continue to be made. When the Company concludes that an other-than-temporary impairment has resulted, the difference between the fair value and carrying value is written off and recorded as a charge on the Consolidated Statement of Operations. As of September 30, 2015, no impairment was recorded. Accounts receivable The majority of the Company’s accounts receivable is due from manufacturers serving the light-emitting diode (“LED”) and optical systems and specialty electronics devices industries. Credit is extended based on an evaluation of the customer’s financial condition. Accounts receivable are due based on contract terms and at stated amounts due from customers, net of an allowance for doubtful accounts. Accounts outstanding longer than the contractual payment terms are considered past due. The Company determines its allowance for doubtful accounts by considering a number of factors, including the length of time a customer’s balance is past due, the customer’s current ability to pay and the condition of the general economy and industry as a whole. The Company writes off accounts receivable when they are deemed uncollectible, and such write offs, net of payments received, are recorded as a reduction to bad debt expense. The following table shows the activity of the allowance for doubtful accounts: September 30, 2015 December 31, 2014 (in thousands) Beginning balance $ 140 $ 50 Charges to costs and expenses 155 105 Accounts charged off, less recoveries 14 (15 ) Ending balance $ 309 $ 140 Inventories Inventories are valued at the lower of cost or market. Raw materials cost is determined using the first-in, first-out method, and work-in-process and finished goods costs are determined on a weighted-average cost basis which includes materials, labor and overhead. The Company reduces the carrying value of its inventories for differences between the cost and the estimated net realizable value, taking into account usage, expected demand, technological obsolescence and other information. At times in 2015 and 2014, the Company has accepted sales orders for core and wafer products at prices lower than cost. Based on these sales prices, the Company recorded for the nine months ended September 30, 2015, a lower of cost or market adjustment which reduced inventory and increased cost of goods sold by $1.1 million. For the three and nine months ended September 30, 2014, the Company recorded a lower of cost or market adjustment which reduced inventory and increased costs of goods sold by $276,000 and $1.8 million, respectively. Inventories are composed of the following: September 30, 2015 December 31, 2014 (in thousands) Raw materials $ 10,210 $ 14,503 Work in progress 10,495 6,357 Finished goods 2,407 1,879 $ 23,112 $ 22,739 The Company establishes inventory reserves when conditions exist that suggest inventory may be in excess of anticipated demand or is obsolete based on customer specifications. The Company evaluates the ability to realize the value of its inventory based on a combination of factors, including forecasted sales, estimated current and future market value and changes in customers’ product specifications. For the three and nine months ended September 30, 2014, the Company determined it had inventory that was excess or obsolete and recorded an adjustment which reduced inventory and increased costs of goods sold by $1.8 million and $2.2 million, respectively. The Company’s method of estimating excess and obsolete inventory has remained consistent for all periods presented. Property and equipment Property and equipment consisted of the following: September 30, 2015 December 31, 2014 (in thousands) Land and land improvements $ 4,133 $ 4,133 Buildings 26,097 32,482 Machinery, equipment and tooling 50,310 127,158 Leasehold improvements 7,141 7,640 Furniture and fixtures 901 961 Information systems 1,087 1,140 Construction in progress 1,201 3,734 Total cost 90,870 177,248 Accumulated depreciation and amortization (31,791 ) (69,572 ) Property and equipment, net $ 59,079 $ 107,676 Revenue recognition Revenue recognized includes product sales and billings for costs and fees for government contracts. Product Sales The Company recognizes revenue from product sales when earned. Revenue is recognized when, and if, evidence of an arrangement is obtained and the other criteria to support revenue recognition are met, including: • Persuasive evidence of an arrangement exists. • Title has passed and the product has been delivered. • The price is fixed or determinable. • Collection of the resulting receivable is reasonably assured. Government Contracts The Company recognizes research and development revenue in the period during which the related costs are incurred over the contractually defined period. In July 2012, the Company signed a contract with the Air Force Research Laboratory to produce large-area sapphire windows on a cost plus fixed fee basis. The Company records research and development revenue on a gross basis as costs are incurred, plus a portion of the fixed fee. For the three and nine months ended September 30, 2015, $270,000 and $556,000 of revenue was recorded, respectively, and for the three and nine months ended September 30, 2014, $156,000 and $553,000 of revenue was recorded, respectively. The total value of the contract is $4.7 million, of which $3.9 million has been recorded through September 30, 2015. The Company does not provide maintenance or other services and it does not have sales that involve multiple elements or deliverables. Net income per common share Basic net income per common share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted-average number of diluted common shares outstanding during the period. Diluted shares outstanding are calculated by adding to the weighted-average shares any outstanding stock options and warrants based on the treasury stock method. Diluted net loss per share is the same as basic net loss per share for the three and nine months ended September 30, 2015 and 2014 because the effects of potentially dilutive securities are anti-dilutive. At September 30, 2015 and 2014, the Company had the following anti-dilutive securities outstanding which were excluded from the calculation of diluted net loss per share: September 30, 2015 September 30, 2014 Warrants — 117,522 Stock options 1,130 142,104 Total 1,130 259,626 Other comprehensive loss Comprehensive loss is defined as the change in equity of a business enterprise from transactions and other events from non-owner sources. Comprehensive loss includes net earnings (loss) and other non-owner changes in equity that bypass the statement of operations and are reported in a separate component of equity. For the nine months ended September 30, 2015 and for the twelve months ended December 31, 2014, other comprehensive loss includes the unrealized loss on investments and foreign currency translation adjustments. The following table summarizes the components of comprehensive loss: September 30, 2015 December 31, 2014 (in thousands) Reclassification of unrealized gain included in net loss $ — $ 388 Unrealized loss on investments (14 ) (415 ) Unrealized loss on currency translation (13 ) (16 ) Ending Balance $ (27 ) $ (43 ) Recent accounting pronouncement In May 2014, the FASB issued Accounting Standards Update No. 2015-14 (“ASU 2014-09”) Revenue from Contracts with Customers Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date In June 2014, the FASB issued ASU 2014-12, Compensation—Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs . Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements

Asset Impairment Charges

Asset Impairment Charges	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Asset Impairment Charges	3. ASSET IMPAIRMENT CHARGES When circumstances, such as adverse market conditions, indicate that the carrying value of a long-lived asset may be impaired, the Company performs an analysis to review the recoverability of the asset’s carrying value. The Company makes estimates of the undiscounted cash flows (excluding interest charges) from the expected future operations of the asset. These estimates consider factors such as expected future operating income, operating trends and prospects, as well as the effects of demand, competition and other factors. If the analysis indicates that the carrying value is not recoverable from future cash flows, an impairment loss is recognized to the extent that the carrying value exceeds the estimated fair value. Any impairment losses are recorded as operating expenses, which reduce net income. In response to the Company’s current period operating losses combined with its history of continuing operating losses, the Company evaluated the recoverability of certain property and equipment. In the third quarter of 2015, the overall outlook for the sapphire market continued to be volatile as industry analysts reported significant worldwide over capacity and pricing of sapphire products reached historical lows. Based upon the Company’s assessment using its most recent projections, impairment to these assets was indicated as of September 30, 2015, as the recoverable amount of undiscounted cash flows did not exceed the carrying amount of these assets. The Company recorded an asset impairment charge on machinery, equipment and facilities of $39.6 million. The Company evaluated its asset portfolio and has written down the assets using a cost and market approach to determine the current fair market value.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Information	4. SEGMENT INFORMATION The Company evaluates operations as one reportable segment, as it only reports profit and loss information on an aggregate basis to its chief operating decision maker. Revenue is attributed by geographic region based on ship-to location of the Company’s customers. The following table summarizes revenue by geographic region: Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 (in thousands) (in thousands) China $ 320 $ 2,851 $ 5,483 $ 16,721 Korea 1,267 794 3,253 4,843 Taiwan 305 1,747 3,218 7,780 Germany 1,629 199 3,270 470 United States 1,332 1,258 3,853 4,218 Israel 104 296 718 982 Australia 300 471 715 616 Japan 84 191 327 616 Other 5 229 525 527 Total Revenue $ 5,346 $ 8,036 $ 21,362 $ 36,773 The following table summarizes revenue by product type: Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 (in thousands) (in thousands) Core $ 1,824 $ 4,183 $ 10,962 $ 25,111 Wafer 2,136 2,085 5,769 6,093 Optical 1,116 1,612 4,075 5,016 Research & Development 270 156 556 553 Total Revenue $ 5,346 $ 8,036 $ 21,362 $ 36,773 The following table summarizes assets by geographic region: September 30, 2015 December 31, 2014 (in thousands) United States $ 98,211 $ 156,105 Malaysia 30,705 38,765 Other 37 36 Total Assets $ 128,953 $ 194,906

Investments

Investments	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investments	5. INVESTMENTS The Company invests available cash primarily in investment grade commercial paper, FDIC guaranteed certificates of deposit, common stock, corporate notes and government securities. The Company’s short-term investments balance of $12.7 million as of September 30, 2015, is comprised of FDIC guaranteed certificates of deposit of $2.9 million and corporate notes and bonds of $9.8 million. The Company’s investments are classified as available-for-sale securities and are carried at fair market value with unrealized gains and losses recorded in accumulated other comprehensive income (loss). The following table presents the amortized cost and gross unrealized gains and losses on all securities at September 30, 2015: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) Short-term Investments: FDIC Guaranteed certificates of deposit $ 2,880 $ 2 $ — $ 2,882 Corporate Notes and Bonds 9,797 — 3 9,794 Total short-term investments $ 12,677 $ 2 $ 3 $ 12,676 The following table presents the amortized cost, and gross unrealized gains and losses on all securities at December 31, 2014: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) Short-term Investments: FDIC Guaranteed certificates of deposit $ 2,120 $ — $ 2 $ 2,118 Corporate Notes/Bonds 18,458 — 14 18,444 Total short-term investments $ 20,578 $ — $ 16 $ 20,562 The Company values its investments at fair value, defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard below describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following: • Level 1 – Quoted prices in active markets for identical assets or liabilities. • Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company’s fixed income available-for-sale securities consist of high quality, investment grade commercial paper, corporate notes and government securities. The Company values these securities based on pricing from pricing vendors, who may use quoted prices in active markets for identical assets (Level 1 inputs) or inputs other than quoted prices that are observable either directly or indirectly (Level 2 inputs) in determining fair value. The valuation techniques used to measure the fair value of the Company’s financial instruments having Level 2 inputs were derived from non-binding market consensus prices that are corroborated by observable market data, quoted market prices for similar instruments, or pricing models, such as discounted cash flow techniques. The following table summarizes the Company’s financial assets measured at fair value on a recurring basis as of September 30, 2015: Level 1 Level 2 Level 3 Total (in thousands) Cash Equivalents: Money market funds $ 18,912 $ — $ — $ 18,912 Investments: Available-for-sales securities—current FDIC Guaranteed certificates of deposit — 2,882 — 2,882 Corporate notes/bonds — 9,794 — 9,794 Total $ 18,912 $ 12,676 $ — $ 31,588 The following table summarizes the Company’s financial assets measured at fair value on a recurring basis as of December 31, 2014: Level 1 Level 2 Level 3 Total (in thousands) Cash Equivalents: Money market funds $ 21,963 $ — $ — $ 21,963 Investments: Available-for-sales securities—current: FDIC Guaranteed certificates of deposit — 2,118 — 2,118 Corporate notes/bonds — 18,444 — 18,444 Total $ 21,963 $ 20,562 $ — $ 42,525 In addition to the debt securities noted above, the Company had approximately $2.5 million and $2.4 million of time deposits included in cash and cash equivalents as of September 30, 2015 and December 31, 2014, respectively.

Significant Customers

Significant Customers	9 Months Ended
	Sep. 30, 2015
Text Block [Abstract]
Significant Customers	6. SIGNIFICANT CUSTOMERS For the three months ended September 30, 2015, the Company had two customers individually that accounted for approximately 30% and 13% of revenue and for the three months ended September 30, 2014, the Company had three customers individually that accounted for approximately 22%, 18% and 13% of revenue. For the nine months ended September 30, 2015, the Company had two customers individually that accounted for approximately 18% and 15% of revenue. For the nine months ended September 30, 2014, the Company had two customers individually that accounted for approximately 23% and 12% of revenue. No other customers accounted for more than 10% of revenue for these reported periods in 2015 and 2014. Customers individually representing more than 10% of trade receivables accounted for approximately 51% and 50% of accounts receivable as of September 30, 2015 and December 31, 2014, respectively. The Company grants credit to customers based on an evaluation of their financial condition. Losses from credit sales are provided for in the financial statements.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Stockholders' Equity	7. STOCKHOLDERS’ EQUITY Common Stock As of September 30, 2015, the Company had reserved 2,551,702 shares of common stock for issuance upon the exercise of outstanding common stock options and the vesting of restricted stock units (“RSUs”). Also, 1,516,100 shares of the Company’s common stock were reserved for future grants of stock options (or other similar equity instruments) under the Company’s 2007 Stock Incentive Plan (the “2007 Plan”) as of September 30, 2015. In addition, 267,826 shares of the Company’s common stock were reserved for future exercise of outstanding warrants as of September 30, 2015. On January 13, 2014, the Company completed a public offering of common stock in which a total of 3,047,500 shares were sold including 397,500 shares pursuant to the full exercise of the underwriter’s over-allotment option, at a price of $10.65 per share. The Company raised a total of $32.5 million in gross proceeds from the offering, or approximately $30.3 million in net proceeds after deducting the underwriting discount and expenses of $2.3 million. On March 20, 2014, certain stockholders completed a public offering of 2,875,000 shares of common stock and the Company sold 375,000 shares pursuant to the full exercise of the underwriter’s over-allotment option each at a price of $13.00 per share. The Company raised a total of $4.9 million in gross proceeds from the offering, or approximately $4.4 million in net proceeds after deducting the underwriting discount and expenses of $319,000 and estimated costs of $148,000. Warrants For the three and nine months ended September 30, 2015, no common stock warrants were exercised. At September 30, 2015 and December 31, 2014, there were 267,826 common stock warrants outstanding.

Stock Incentive Plans

Stock Incentive Plans	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Incentive Plans	8. STOCK INCENTIVE PLANS The Company sponsored a stock option plan, the 2001 Plan, which allowed for the granting of incentive and nonqualified stock options for the purchase of common stock. The maximum number of shares that may be awarded or sold under the 2001 Plan was 1,449,667 shares. Each option entitles the holder to purchase one share of common stock at the specified option exercise price. The exercise price of each incentive stock option granted must not be less than the fair market value on the grant date. At the discretion of management and with the approval of the Board of Directors, the Company granted options under the 2001 Plan. Management and the Board of Directors determined vesting periods and expiration dates at the time of the grant. On August 2, 2011, the plan expired. In August 2007, the Company adopted the 2007 Plan, which allows for the grant of incentive stock options, non-statutory stock options, stock appreciation rights, restricted stock, RSUs, performance awards and bonus shares. The Board of Directors has appointed the Compensation Committee to administer the plan. The Compensation Committee determines the type of award to be granted, the number of shares covered by the award, and the time when the award vests and may be exercised. The Company uses the Black-Scholes option pricing model to value stock options issued after January 1, 2006. The Company uses a three year historical stock price average to determine its volatility assumptions. The assumed risk-free rates were based on U.S. Treasury rates in effect at the time of grant with a term consistent with the expected option lives. The expected term is based upon the vesting term of the Company’s options, a review of a peer group of companies, and expected exercise behavior. The forfeiture rate is based on past history of forfeited options. The compensation expense is allocated using the straight-line method. For the three and nine months ended September 30, 2015, the Company recorded $173,000 and $558,000 respectively, of stock option compensation expense. For the three and nine months ended September 30, 2014, the Company recorded $147,000 and $643,000 respectively, of stock compensation expense. As of September 30, 2015, the Company has $1.4 million of total unrecognized compensation expense related to non-vested awards granted under the Company’s stock-based plans that it expects to recognize over a weighted-average period of 2.7 years. The Company accounts for options issued prior to January 1, 2006 under the intrinsic value method. The following table summarizes the activity of the stock incentive and equity plans as of September 30, 2015 and changes during the nine months then ended: Shares available for grant Number of options outstanding Weighted- exercise price Number of restricted stock and board shares issued Number of restricted stock units outstanding At January 1, 2015 1,772,529 2,238,286 $ 10.31 140,653 134,731 Granted (563,839 ) 458,600 1.85 60,802 44,437 Exercised — (5,692 ) 0.78 — — Cancelled/forfeited 307,410 (272,208 ) 11.02 — (46,452 ) At September 30, 2015 1,516,100 2,418,986 $ 8.64 201,455 132,716 The Company’s aggregate intrinsic value is calculated as the difference between the exercise price of the underlying stock options and the fair value of the Company’s common stock. Based on the fair market value of the common stock at September 30, 2015 and 2014, there was no intrinsic value of the options outstanding and exercisable. The weighted average fair value per share of options granted for the nine months ended September 30, 2015 was $1.85 and the fair value of each option grant was estimated at the date of grant using the Black-Scholes option pricing model using an expected term of 5.5 years, risk-free interest rates of 1.41 – 1.70%, expected volatility of 65% and no dividend yield. The Company used an expected forfeiture rate of 18.56%. A summary of the Company’s non-vested options during the nine month period ended September 30, 2015 is presented below: Options Weighted- exercise price Non-vested at January 1, 2015 628,733 $ 5.93 Granted 458,600 1.85 Vested (109,460 ) 6.73 Forfeited (120,219 ) 6.53 Non-vested at September 30, 2015 857,654 $ 3.56 For the three and nine months ended September 30, 2015 the Company recorded $45,000 and $161,000, respectively, of RSU expense. As of September 30, 2015, there was $368,000 of unrecognized compensation expense related to the non-vested RSUs. This expense is expected to be recognized over a weighted-average period of 2.1 years. A summary of the Company’s restricted stock units is as follows: RSUs outstanding Weighted average price at time of grant Aggregate intrinsic value Non-vested restricted stock units as of January 1, 2015 134,731 $ 5.41 Granted 44,437 4.36 Cancelled (46,452 ) 5.34 Non-vested at September 30, 2015 132,716 $ 5.08 $ 136,697 For the three and nine months ended September 30, 2015, the Company recorded $74,000 and $220,000, respectively, of stock compensation expense related to restricted stock. For the three and nine months ended September 30, 2014, the Company recorded $134,000 and $215,000, respectively, of stock compensation expense related to restricted stock. An analysis of restricted stock issued is as follows: Non-vested restricted stock as of January 1, 2015 12,207 Granted 60,802 Vested (37,382 ) Non-vested restricted stock as of September 30, 2015 35,627

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. COMMITMENTS AND CONTINGENCIES Purchase Commitments The Company has entered into agreements for electricity and to purchase equipment and components to construct furnaces. These agreements will result in the Company purchasing electricity, equipment or components for a total cost of approximately $1.9 million with deliveries occurring through December 2017.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	10. INCOME TAXES The Company is subject to income taxes in the U.S. and Malaysia. On a quarterly basis, the Company assesses the recoverability of deferred tax assets and the need for a valuation allowance. Such evaluations involve the application of significant judgment and multiple factors, both positive and negative, are considered. For the period ended September 30, 2015, a valuation allowance on the U.S. deferred tax assets has been included in the 2015 forecasted effective tax rate. The Company is in a U.S. cumulative loss position for the past three years, which is considered significant negative evidence that is difficult to overcome on a “more likely than not” standard through objectively verifiable data. Under the accounting standards objective verifiable evidence is given greater weight than subjective evidence such as the Company’s projections for future growth. Based on an evaluation in accordance with the accounting standards, as of December 31, 2014, a valuation allowance has been recorded against the net U.S. deferred tax assets in order to measure only the portion of the deferred tax assets that are more likely than not to be realized based on the weight of all the available evidence. At September 30, 2015, the Company continues to be in a U.S. three year cumulative loss position; therefore, until an appropriate level of profitability is attained, the Company expects to maintain a full valuation allowance on its U.S. net deferred tax assets. Any U.S. tax benefits or tax expense recorded on the Company’s Consolidated Statement of Operations will be offset with a corresponding valuation allowance until such time that the Company changes its determination related to the realization of deferred tax assets. In the event that the Company changes its determination as to the amount of deferred tax assets that can be realized, the Company will adjust its valuation allowance with a corresponding impact to the provision for income taxes in the period in which such determination is made. During the three months ended September 30, 2015, the Company determined that based on current market conditions and future projected cash flows that it was not more likely than not to meet the capital investment requirements for the second five year Malaysia tax holiday. The Company recorded for the three and nine months ended September 30, 2015, $18,000 of deferred tax benefit. This amount creates a deferred tax asset in Malaysia of $14,000 as of September 30, 2015 for timing differences expected to reverse outside of the first five year tax holiday. The tax provision for the three and nine months ended September 30, 2015 is based on two separate estimated effective tax rates, one for the U.S. and one for Malaysia. The Company recorded for the three and nine months ended September 30, 2015 a tax benefit of $663,000 and $576,000, respectively for a worldwide effective tax rate of 1.4% and 0.9%, respectively. For the three and nine months ended September 30, 2015 the difference between the Company’s effective tax rate and the U.S. federal 35% statutory rate and state 6.2% (net of federal benefit) statutory rate was primarily related to a U.S. valuation allowance, the long-lived asset impairment, Malaysia tax rate change and profits recorded in the Malaysia operation for which the Company has a tax holiday in effect until the end of December 31, 2015.

Credit Facility

Credit Facility	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Credit Facility	11. CREDIT FACILITY On January 2, 2013, the Company entered into a three-year term agreement with a bank to provide the Company with a senior secured credit facility of up to $25.0 million. The agreement provides for the Company to borrow up to 80% of the value of eligible accounts receivable and up to 35% of the value of domestically held raw material and finished goods inventory. Advances against inventory are limited to the lesser of 40% of the aggregate outstanding principal on the revolving line of credit and $10.0 million. The Company has the option to borrow at an interest rate of LIBOR plus 2.75% or the Wall Street Journal prime rate plus 0.50%. If the Company maintains liquidity of $20.0 million or greater with the lending institution, then the borrowing interest rate options are LIBOR plus 2.25% or the Wall Street Journal prime rate. There is an unused revolving line facility fee of 0.375% per annum. The facility is secured by a first priority interest in substantially all of the Company’s personal property, excluding intellectual property. The Company is required to maintain an adjusted quick ratio of 1.40 to 1.00, maintain operating and other deposit accounts with the bank or bank’s affiliates of 25% of the Company’s total worldwide cash, securities and investments, and the Company can pay dividends or repurchase capital stock only with the bank’s consent during the three year term. In August 2015, the Company entered into an amendment agreement with the bank to extend the senior secured facility through January 2, 2018. Under the new agreement, advances against inventory are limited to the lesser of 45% of the aggregate outstanding principal on the revolving line of credit and $10.0 million and the rate on facility fee on the unused revolving line was adjusted to 0.50% annum. All other terms and conditions remain the same. For the nine months ended September 30, 2015, the Company did not draw on this facility. For the three and nine months ended September 30, 2015 the Company recorded $29,000 and $76,000, respectively, of interest expense on the unused portion of the facility. For the three and nine months ended September 30, 2014, the Company recorded $24,000 and $71,000, respectively, of interest expense charged on the unused portion of the facility.

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Event	12. SUBSEQUENT EVENT On April 30, 2015, Firerock Global Opportunity Fund LP filed a complaint in the Northern District of Illinois asserting federal securities claims against the Company, certain officers, its directors and the underwriters in the Company’s March 2014 stock offering (the “Complaint”). The Complaint seeks as a remedy either money damages or rescission of the March offering, plus attorneys’ fees. On October 29, 2015, after mediation and subsequent discussions, the parties reached a settlement agreement in principle, which has not been finalized or executed. The settlement agreement is expected to include a release of all defendants, and dismissal of the case against all defendants with prejudice. The Company recorded for the three and nine months ended September 30, 2015, a general and administrative expense of $900,000 which is the amount the Company expects to contribute to the settlement. The Company anticipates that the remaining costs of the settlement will be covered by insurance. The proposed settlement remains subject to approval by the United States District Court for the Northern District of Illinois.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Principles of consolidation	Principles of consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Rubicon Worldwide LLC and Rubicon Sapphire Technology (Malaysia) SDN BHD. All intercompany transactions and balances have been eliminated in consolidation.
Foreign currency translation and transactions	Foreign currency translation and transactions Rubicon Worldwide LLC’s assets and liabilities are translated into U.S. dollars at exchange rates existing at the respective balance sheet dates and capital accounts at historical exchange rates. The results of operations are translated into U.S. dollars at the average exchange rates during the respective period. Translation adjustments resulting from fluctuations in exchange rates for Rubicon Worldwide LLC are recorded as a separate component of accumulated other comprehensive income (loss) within stockholders’ equity. The Company has determined that the functional currency of Rubicon Sapphire Technology (Malaysia) SDN BHD is the U.S. dollar. Rubicon Sapphire Technology (Malaysia) SDN BHD’s assets and liabilities are translated into U.S. dollars using the remeasurement method. Non-monetary assets are translated at historical exchange rates and monetary assets are translated at exchange rates existing at the respective balance sheet dates. Translation adjustments for Rubicon Sapphire Technology (Malaysia) SDN BHD are included in determining net income (loss) for the period. The results of operations are translated into U.S. dollars at the average exchange rates during the respective period. The Company records these gains and losses in other income (expense). Foreign currency transaction gains and losses are generated from the effects of exchange rate changes on transactions denominated in a currency other than the functional currency of the Company, which is the U.S. dollar. Gains and losses on foreign currency transactions are generally required to be recognized in the determination of net income (loss) for the period. The Company records these gains and losses in other income (expense).
Investments	Investments The Company invests available cash primarily in investment grade commercial paper, FDIC guaranteed certificates of deposit, common stock, corporate notes and government securities. Investments classified as available-for-sale securities are carried at fair market value with unrealized gains and losses recorded in accumulated other comprehensive income (loss). Investments in trading securities are reported at fair value, with both realized and unrealized gains and losses recorded in other income (expense), in the Consolidated Statement of Operations. Investments in which the Company has the ability and intent, if necessary, to liquidate in order to support its current operations, are classified as short-term. The Company reviews its available-for-sale securities investments at the end of each quarter for other-than-temporary declines in fair value based on the specific identification method. The Company considers various factors in determining whether an impairment is other-than-temporary, including the severity and duration of the impairment, changes in underlying credit ratings, forecasted recovery, its ability and intent to hold the investment for a period of time sufficient to allow for any anticipated recovery in market value and the probability that the scheduled cash payments will continue to be made. When the Company concludes that an other-than-temporary impairment has resulted, the difference between the fair value and carrying value is written off and recorded as a charge on the Consolidated Statement of Operations. As of September 30, 2015, no impairment was recorded.
Accounts receivable	Accounts receivable The majority of the Company’s accounts receivable is due from manufacturers serving the light-emitting diode (“LED”) and optical systems and specialty electronics devices industries. Credit is extended based on an evaluation of the customer’s financial condition. Accounts receivable are due based on contract terms and at stated amounts due from customers, net of an allowance for doubtful accounts. Accounts outstanding longer than the contractual payment terms are considered past due. The Company determines its allowance for doubtful accounts by considering a number of factors, including the length of time a customer’s balance is past due, the customer’s current ability to pay and the condition of the general economy and industry as a whole. The Company writes off accounts receivable when they are deemed uncollectible, and such write offs, net of payments received, are recorded as a reduction to bad debt expense. The following table shows the activity of the allowance for doubtful accounts: September 30, 2015 December 31, 2014 (in thousands) Beginning balance $ 140 $ 50 Charges to costs and expenses 155 105 Accounts charged off, less recoveries 14 (15 ) Ending balance $ 309 $ 140
Inventories	Inventories Inventories are valued at the lower of cost or market. Raw materials cost is determined using the first-in, first-out method, and work-in-process and finished goods costs are determined on a weighted-average cost basis which includes materials, labor and overhead. The Company reduces the carrying value of its inventories for differences between the cost and the estimated net realizable value, taking into account usage, expected demand, technological obsolescence and other information. At times in 2015 and 2014, the Company has accepted sales orders for core and wafer products at prices lower than cost. Based on these sales prices, the Company recorded for the nine months ended September 30, 2015, a lower of cost or market adjustment which reduced inventory and increased cost of goods sold by $1.1 million. For the three and nine months ended September 30, 2014, the Company recorded a lower of cost or market adjustment which reduced inventory and increased costs of goods sold by $276,000 and $1.8 million, respectively. Inventories are composed of the following: September 30, 2015 December 31, 2014 (in thousands) Raw materials $ 10,210 $ 14,503 Work in progress 10,495 6,357 Finished goods 2,407 1,879 $ 23,112 $ 22,739 The Company establishes inventory reserves when conditions exist that suggest inventory may be in excess of anticipated demand or is obsolete based on customer specifications. The Company evaluates the ability to realize the value of its inventory based on a combination of factors, including forecasted sales, estimated current and future market value and changes in customers’ product specifications. For the three and nine months ended September 30, 2014, the Company determined it had inventory that was excess or obsolete and recorded an adjustment which reduced inventory and increased costs of goods sold by $1.8 million and $2.2 million, respectively. The Company’s method of estimating excess and obsolete inventory has remained consistent for all periods presented.
Property and equipment	Property and equipment Property and equipment consisted of the following: September 30, 2015 December 31, 2014 (in thousands) Land and land improvements $ 4,133 $ 4,133 Buildings 26,097 32,482 Machinery, equipment and tooling 50,310 127,158 Leasehold improvements 7,141 7,640 Furniture and fixtures 901 961 Information systems 1,087 1,140 Construction in progress 1,201 3,734 Total cost 90,870 177,248 Accumulated depreciation and amortization (31,791 ) (69,572 ) Property and equipment, net $ 59,079 $ 107,676
Revenue recognition	Revenue recognition Revenue recognized includes product sales and billings for costs and fees for government contracts. Product Sales The Company recognizes revenue from product sales when earned. Revenue is recognized when, and if, evidence of an arrangement is obtained and the other criteria to support revenue recognition are met, including: • Persuasive evidence of an arrangement exists. • Title has passed and the product has been delivered. • The price is fixed or determinable. • Collection of the resulting receivable is reasonably assured. Government Contracts The Company recognizes research and development revenue in the period during which the related costs are incurred over the contractually defined period. In July 2012, the Company signed a contract with the Air Force Research Laboratory to produce large-area sapphire windows on a cost plus fixed fee basis. The Company records research and development revenue on a gross basis as costs are incurred, plus a portion of the fixed fee. For the three and nine months ended September 30, 2015, $270,000 and $556,000 of revenue was recorded, respectively, and for the three and nine months ended September 30, 2014, $156,000 and $553,000 of revenue was recorded, respectively. The total value of the contract is $4.7 million, of which $3.9 million has been recorded through September 30, 2015. The Company does not provide maintenance or other services and it does not have sales that involve multiple elements or deliverables.
Net income per common share	Net income per common share Basic net income per common share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted-average number of diluted common shares outstanding during the period. Diluted shares outstanding are calculated by adding to the weighted-average shares any outstanding stock options and warrants based on the treasury stock method. Diluted net loss per share is the same as basic net loss per share for the three and nine months ended September 30, 2015 and 2014 because the effects of potentially dilutive securities are anti-dilutive. At September 30, 2015 and 2014, the Company had the following anti-dilutive securities outstanding which were excluded from the calculation of diluted net loss per share: September 30, 2015 September 30, 2014 Warrants — 117,522 Stock options 1,130 142,104 Total 1,130 259,626
Other comprehensive loss	Other comprehensive loss Comprehensive loss is defined as the change in equity of a business enterprise from transactions and other events from non-owner sources. Comprehensive loss includes net earnings (loss) and other non-owner changes in equity that bypass the statement of operations and are reported in a separate component of equity. For the nine months ended September 30, 2015 and for the twelve months ended December 31, 2014, other comprehensive loss includes the unrealized loss on investments and foreign currency translation adjustments. The following table summarizes the components of comprehensive loss: September 30, 2015 December 31, 2014 (in thousands) Reclassification of unrealized gain included in net loss $ — $ 388 Unrealized loss on investments (14 ) (415 ) Unrealized loss on currency translation (13 ) (16 ) Ending Balance $ (27 ) $ (43 )
Recent accounting pronouncement	Recent accounting pronouncement In May 2014, the FASB issued Accounting Standards Update No. 2015-14 (“ASU 2014-09”) Revenue from Contracts with Customers Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date In June 2014, the FASB issued ASU 2014-12, Compensation—Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs . Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Activity of Allowance for Doubtful Accounts	The following table shows the activity of the allowance for doubtful accounts: September 30, 2015 December 31, 2014 (in thousands) Beginning balance $ 140 $ 50 Charges to costs and expenses 155 105 Accounts charged off, less recoveries 14 (15 ) Ending balance $ 309 $ 140
Inventories	Inventories are composed of the following: September 30, 2015 December 31, 2014 (in thousands) Raw materials $ 10,210 $ 14,503 Work in progress 10,495 6,357 Finished goods 2,407 1,879 $ 23,112 $ 22,739
Property and Equipment	Property and equipment consisted of the following: September 30, 2015 December 31, 2014 (in thousands) Land and land improvements $ 4,133 $ 4,133 Buildings 26,097 32,482 Machinery, equipment and tooling 50,310 127,158 Leasehold improvements 7,141 7,640 Furniture and fixtures 901 961 Information systems 1,087 1,140 Construction in progress 1,201 3,734 Total cost 90,870 177,248 Accumulated depreciation and amortization (31,791 ) (69,572 ) Property and equipment, net $ 59,079 $ 107,676
Anti-Dilutive Securities Excluded from Calculation of Diluted Net Loss Per Share	At September 30, 2015 and 2014, the Company had the following anti-dilutive securities outstanding which were excluded from the calculation of diluted net loss per share: September 30, 2015 September 30, 2014 Warrants — 117,522 Stock options 1,130 142,104 Total 1,130 259,626
Components of Comprehensive Loss	The following table summarizes the components of comprehensive loss: September 30, 2015 December 31, 2014 (in thousands) Reclassification of unrealized gain included in net loss $ — $ 388 Unrealized loss on investments (14 ) (415 ) Unrealized loss on currency translation (13 ) (16 ) Ending Balance $ (27 ) $ (43 )

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Summary of Revenue by Geographic Region	The following table summarizes revenue by geographic region: Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 (in thousands) (in thousands) China $ 320 $ 2,851 $ 5,483 $ 16,721 Korea 1,267 794 3,253 4,843 Taiwan 305 1,747 3,218 7,780 Germany 1,629 199 3,270 470 United States 1,332 1,258 3,853 4,218 Israel 104 296 718 982 Australia 300 471 715 616 Japan 84 191 327 616 Other 5 229 525 527 Total Revenue $ 5,346 $ 8,036 $ 21,362 $ 36,773
Summary of Revenue by Product Type	The following table summarizes revenue by product type: Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 (in thousands) (in thousands) Core $ 1,824 $ 4,183 $ 10,962 $ 25,111 Wafer 2,136 2,085 5,769 6,093 Optical 1,116 1,612 4,075 5,016 Research & Development 270 156 556 553 Total Revenue $ 5,346 $ 8,036 $ 21,362 $ 36,773
Summary of Assets by Geographic Region	The following table summarizes assets by geographic region: September 30, 2015 December 31, 2014 (in thousands) United States $ 98,211 $ 156,105 Malaysia 30,705 38,765 Other 37 36 Total Assets $ 128,953 $ 194,906

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Amortized Cost and Gross Unrealized Gains and Losses on All Securities	The following table presents the amortized cost and gross unrealized gains and losses on all securities at September 30, 2015: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) Short-term Investments: FDIC Guaranteed certificates of deposit $ 2,880 $ 2 $ — $ 2,882 Corporate Notes and Bonds 9,797 — 3 9,794 Total short-term investments $ 12,677 $ 2 $ 3 $ 12,676 The following table presents the amortized cost, and gross unrealized gains and losses on all securities at December 31, 2014: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) Short-term Investments: FDIC Guaranteed certificates of deposit $ 2,120 $ — $ 2 $ 2,118 Corporate Notes/Bonds 18,458 — 14 18,444 Total short-term investments $ 20,578 $ — $ 16 $ 20,562
Summarized Financial Assets Measured at Fair Value on Recurring Basis	The following table summarizes the Company’s financial assets measured at fair value on a recurring basis as of September 30, 2015: Level 1 Level 2 Level 3 Total (in thousands) Cash Equivalents: Money market funds $ 18,912 $ — $ — $ 18,912 Investments: Available-for-sales securities—current FDIC Guaranteed certificates of deposit — 2,882 — 2,882 Corporate notes/bonds — 9,794 — 9,794 Total $ 18,912 $ 12,676 $ — $ 31,588 The following table summarizes the Company’s financial assets measured at fair value on a recurring basis as of December 31, 2014: Level 1 Level 2 Level 3 Total (in thousands) Cash Equivalents: Money market funds $ 21,963 $ — $ — $ 21,963 Investments: Available-for-sales securities—current: FDIC Guaranteed certificates of deposit — 2,118 — 2,118 Corporate notes/bonds — 18,444 — 18,444 Total $ 21,963 $ 20,562 $ — $ 42,525

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	9 Months Ended
	Sep. 30, 2015
Summary of Activity of Stock Incentive and Equity Plans	The following table summarizes the activity of the stock incentive and equity plans as of September 30, 2015 and changes during the nine months then ended: Shares available for grant Number of options outstanding Weighted- exercise price Number of restricted stock and board shares issued Number of restricted stock units outstanding At January 1, 2015 1,772,529 2,238,286 $ 10.31 140,653 134,731 Granted (563,839 ) 458,600 1.85 60,802 44,437 Exercised — (5,692 ) 0.78 — — Cancelled/forfeited 307,410 (272,208 ) 11.02 — (46,452 ) At September 30, 2015 1,516,100 2,418,986 $ 8.64 201,455 132,716
Summary of Non-vested Options	A summary of the Company’s non-vested options during the nine month period ended September 30, 2015 is presented below: Options Weighted- exercise price Non-vested at January 1, 2015 628,733 $ 5.93 Granted 458,600 1.85 Vested (109,460 ) 6.73 Forfeited (120,219 ) 6.53 Non-vested at September 30, 2015 857,654 $ 3.56
Restricted Stock Units [Member]
Analysis of Restricted Stock Units Issued	A summary of the Company’s restricted stock units is as follows: RSUs outstanding Weighted average price at time of grant Aggregate intrinsic value Non-vested restricted stock units as of January 1, 2015 134,731 $ 5.41 Granted 44,437 4.36 Cancelled (46,452 ) 5.34 Non-vested at September 30, 2015 132,716 $ 5.08 $ 136,697
Restricted Stock [Member]
Analysis of Restricted Stock Units Issued	An analysis of restricted stock issued is as follows: Non-vested restricted stock as of January 1, 2015 12,207 Granted 60,802 Vested (37,382 ) Non-vested restricted stock as of September 30, 2015 35,627

Summary of Significant Accoun24

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Accounting Policies [Abstract]
Impairment of investments			$ 0
Based on these sales prices reduced inventory and increased cost of goods sold		$ 276,000	1,100,000	$ 1,800,000
Reduced inventory and increased costs of goods sold		1,800,000		2,200,000
Revenue recorded from government contract	$ 270,000	$ 156,000	556,000	$ 553,000
Total value of the contract	$ 4,700,000		4,700,000
Value of contract recorded			$ 3,900,000

Summary of Significant Accoun25

Summary of Significant Accounting Policies - Activity of Allowance for Doubtful Accounts (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Allowance for Doubtful Accounts Receivable [Roll Forward]
Beginning balance	$ 140	$ 50
Charges to costs and expenses	155	105
Accounts charged off, less recoveries	14	(15)
Ending balance	$ 309	$ 140

Summary of Significant Accoun26

Summary of Significant Accounting Policies - Inventories (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Inventory, Net [Abstract]
Raw materials	$ 10,210	$ 14,503
Work in progress	10,495	6,357
Finished goods	2,407	1,879
Inventories	$ 23,112	$ 22,739

Summary of Significant Accoun27

Summary of Significant Accounting Policies - Property and Equipment (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Total cost	$ 90,870	$ 177,248
Accumulated depreciation and amortization	(31,791)	(69,572)
Property and equipment, net	59,079	107,676
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Total cost	4,133	4,133
Buildings [Member]
Property, Plant and Equipment [Line Items]
Total cost	26,097	32,482
Machinery, Equipment and Tooling [Member]
Property, Plant and Equipment [Line Items]
Total cost	50,310	127,158
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total cost	7,141	7,640
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total cost	901	961
Information Systems [Member]
Property, Plant and Equipment [Line Items]
Total cost	1,087	1,140
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 1,201	$ 3,734

Summary of Significant Accoun28

Summary of Significant Accounting Policies - Anti-Dilutive Securities Excluded from Calculation of Diluted Net Loss Per Share (Detail) - shares	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from calculation of diluted net loss per share	1,130	259,626
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from calculation of diluted net loss per share	1,130	142,104
Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from calculation of diluted net loss per share		117,522

Summary of Significant Accoun29

Summary of Significant Accounting Policies - Components of Comprehensive Loss (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Reclassification of unrealized gain included in net loss		$ 388
Unrealized loss on investments	$ (14)	(415)
Unrealized loss on currency translation	(13)	(16)
Ending Balance	$ (27)	$ (43)

Asset Impairment Charges - Addi

Asset Impairment Charges - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Asset impairment charges	$ 39,597	$ 39,597

Segment Information - Additiona

Segment Information - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015Segment
Segment Reporting [Abstract]
Number of reportable segment	1

Segment Information - Summary o

Segment Information - Summary of Revenue by Geographic Region (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	$ 5,346	$ 8,036	$ 21,362	$ 36,773
China [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	320	2,851	5,483	16,721
Korea [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	1,267	794	3,253	4,843
Taiwan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	305	1,747	3,218	7,780
Germany [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	1,629	199	3,270	470
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	1,332	1,258	3,853	4,218
Israel [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	104	296	718	982
Australia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	300	471	715	616
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	84	191	327	616
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	$ 5	$ 229	$ 525	$ 527

Segment Information - Summary33

Segment Information - Summary of Revenue by Product Type (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Product Information [Line Items]
Total Revenue	$ 5,346	$ 8,036	$ 21,362	$ 36,773
Core [Member]
Product Information [Line Items]
Total Revenue	1,824	4,183	10,962	25,111
Wafer [Member]
Product Information [Line Items]
Total Revenue	2,136	2,085	5,769	6,093
Optical [Member]
Product Information [Line Items]
Total Revenue	1,116	1,612	4,075	5,016
Research & Development [Member]
Product Information [Line Items]
Total Revenue	$ 270	$ 156	$ 556	$ 553

Segment Information - Summary34

Segment Information - Summary of Assets by Geographic Region (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 128,953	$ 194,906
United States [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	98,211	156,105
Malaysia [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	30,705	38,765
Other [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 37	$ 36

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Schedule of Trading Securities and Other Trading Assets [Line Items]
Short-term investments	$ 12,676	$ 20,562
Time deposits of cash and cash equivalents	2,500	$ 2,400
FDIC Guaranteed Certificates of Deposit [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Short-term investments	2,900
Corporate Notes/Bonds [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Short-term investments	$ 9,800

Investments - Amortized Cost an

Investments - Amortized Cost and Gross Unrealized Gains and Losses on All Securities (Detail) - Short-term Investments [Member] - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 12,677	$ 20,578
Gross Unrealized Gains	2
Gross Unrealized Losses	3	16
Fair Value	12,676	20,562
FDIC Guaranteed Certificates of Deposit [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,880	2,120
Gross Unrealized Gains	2
Gross Unrealized Losses		2
Fair Value	2,882	2,118
Corporate Notes/Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	9,797	18,458
Gross Unrealized Losses	3	14
Fair Value	$ 9,794	$ 18,444

Investments - Summarized Financ

Investments - Summarized Financial Assets Measured at Fair Value on Recurring Basis (Detail) - Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available-for-sales securities - current	$ 31,588	$ 42,525
Fair Value, Inputs, Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available-for-sales securities - current	18,912	21,963
Fair Value, Inputs, Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available-for-sales securities - current	12,676	20,562
Money Market Funds [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Cash Equivalents	18,912	21,963
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Cash Equivalents	18,912	21,963
FDIC Guaranteed Certificates of Deposit [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available-for-sales securities - current	2,882	2,118
FDIC Guaranteed Certificates of Deposit [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available-for-sales securities - current	2,882	2,118
Corporate Notes/Bonds [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available-for-sales securities - current	9,794	18,444
Corporate Notes/Bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available-for-sales securities - current	$ 9,794	$ 18,444

Significant Customers - Additio

Significant Customers - Additional Information (Detail) - Customer	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Revenue, Major Customer [Line Items]
Number of significant customer	2	3	2	2
Number of other customers accounted for more than 10% of revenue	0		0
Trade receivables	10.00%		10.00%
Accounts receivable	51.00%		51.00%		50.00%
Customer One [Member] | Customer Concentration Risk [Member]
Revenue, Major Customer [Line Items]
Revenue	30.00%	22.00%	18.00%	23.00%
Customer Two [Member] | Customer Concentration Risk [Member]
Revenue, Major Customer [Line Items]
Revenue	13.00%	18.00%	15.00%	12.00%
Customer Three [Member] | Customer Concentration Risk [Member]
Revenue, Major Customer [Line Items]
Revenue		13.00%
All Other Customers [Member] | Customer Concentration Risk [Member] | Maximum [Member]
Revenue, Major Customer [Line Items]
Revenue			10.00%	10.00%

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Mar. 20, 2014	Jan. 13, 2014	Sep. 30, 2015	Sep. 30, 2015	Dec. 31, 2014
Stockholders' Equity Note [Abstract]
Common stock reserved for issuance upon exercise of outstanding common stock options and vesting of restricted stock units			2,551,702	2,551,702
Common stock reserved for future grants of stock options			1,516,100	1,516,100
Common stock reserved for future exercise of outstanding warrants			267,826	267,826
Issue of common stock shares	2,875,000	3,047,500
Number of shares sold pursuant to full exercise of underwriter's over allotment option	375,000	397,500
Exercise price of shares	$ 13	$ 10.65
Gross proceeds from public offering	$ 4,900	$ 32,500
Net proceeds from public offering	4,400	30,300
Underwriting of Discount and expense	319	$ 2,300
Estimated costs of public offering	$ 148
Common stock warrants outstanding			267,826	267,826	267,826
Common stock warrants exercised			0	0

Stock Incentive Plans - Additio

Stock Incentive Plans - Additional Information (Detail) - USD ($)	Aug. 02, 2011	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share of common stock purchased	1
Stock compensation expense		$ 173,000	$ 147,000	$ 558,000	$ 643,000
Unrecognized compensation expense related to non vested awards		1,400,000		$ 1,400,000
Stock-based plan expect to recognize weighted-average period				2 years 8 months 12 days
Historical stock price average, number of years considered				3 years
Intrinsic value of options outstanding		0	0	$ 0	0
Intrinsic value of options exercisable		0	0	$ 0	0
Weighted average fair value options granted				$ 1.85
Expected term				5 years 6 months
Risk-free interest rate, minimum				1.41%
Risk-free interest rate, maximum				1.70%
Expected volatility				65.00%
Dividend yield				0.00%
Expected forfeiture rate				18.56%
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to non vested awards		368,000		$ 368,000
Stock-based plan expect to recognize weighted-average period				2 years 1 month 6 days
Stock compensation expense		45,000		$ 161,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense		$ 74,000	$ 134,000	$ 220,000	$ 215,000
2001 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares awarded or sold	1,449,667
Plan expiration date				Aug. 2, 2011

Stock Incentive Plans - Summary

Stock Incentive Plans - Summary of Activity of Stock Incentive and Equity Plans (Detail) - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Shares available for grant
Shares available for grant, Beginning balance		1,772,529
Shares available for grant, Granted		(563,839)
Shares available for grant, Exercised		0
Shares available for grant, Cancelled/forfeited		307,410
Shares available for grant, Ending balance	1,516,100	1,516,100
Number of options outstanding
Number of options outstanding, Beginning balance		2,238,286
Number of options outstanding, Granted		458,600
Number of options outstanding, Exercised		(5,692)
Shares available for grant, Cancelled/forfeited		(272,208)
Number of options outstanding, Ending balance	2,418,986	2,418,986
Weighted - average option exercise price
Weighted - average option exercise price, Beginning balance		$ 10.31
Weighted - average option exercise price, Granted		1.85
Weighted - average option exercise price, Exercised		0.78
Shares available for grant, Cancelled/forfeited		11.02
Weighted - average option exercise price, Ending balance	$ 8.64	$ 8.64
Number of restricted stock and board shares issued
Number of restricted stock shares issued, Beginning balance		140,653
Number of restricted stock shares issued, Granted		60,802
Number of restricted stock shares issued, Exercised	0	0
Shares available for grant, Cancelled/forfeited		0
Number of restricted stock shares issued, Ending balance	201,455	201,455
Restricted Stock Units [Member]
Number of restricted stock units outstanding
Number of restricted stock units outstanding, Beginning balance		134,731
Number of restricted stock units outstanding, Granted		44,437
Number of restricted stock units outstanding, Exercised		0
Shares available for grant, Cancelled/forfeited		(46,452)
Number of restricted stock units outstanding, Ending balance	132,716	132,716

Stock Incentive Plans - Summa42

Stock Incentive Plans - Summary of Non-vested Options (Detail)	9 Months Ended
	Sep. 30, 2015$ / sharesshares
Options
Options, Granted | shares	458,600
Weighted-average exercise price
Weighted-average exercise price, Granted	$ 1.85
Weighted-average exercise price, Forfeited	$ 11.02
Non-vested Options [Member]
Options
Options, Non-vested, Beginning balance | shares	628,733
Options, Granted | shares	458,600
Options, Vested | shares	(109,460)
Options, Forfeited | shares	(120,219)
Options, Non-vested, Ending balance | shares	857,654
Weighted-average exercise price
Weighted-average exercise price, Beginning balance	$ 5.93
Weighted-average exercise price, Granted	1.85
Weighted-average exercise price, Vested	6.73
Weighted-average exercise price, Forfeited	6.53
Weighted-average exercise price, Ending balance	$ 3.56

Stock Incentive Plans - Summa43

Stock Incentive Plans - Summary of Restricted Stock Units (Detail) - Restricted Stock Units [Member]	9 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested restricted stock, Beginning balance	134,731
Granted	44,437
Cancelled	(46,452)
Non-vested restricted stock, Ending balance	132,716
Weighted average price at time of grant, Beginning balance | $ / shares	$ 5.41
Weighted average price at time of grant, Granted | $ / shares	4.36
Weighted-average exercise price, Cancelled | $ / shares	5.34
Weighted average price at time of grant, Ending balance | $ / shares	$ 5.08
Aggregate intrinsic value, Ending balance | $	$ 136,697

Stock Incentive Plans - Analysi

Stock Incentive Plans - Analysis of Restricted Stock Units and Restricted Stock Issued (Detail) - Restricted Stock [Member]	9 Months Ended
	Sep. 30, 2015shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested restricted stock, Beginning balance	12,207
Granted	60,802
Vested	(37,382)
Non-vested restricted stock, Ending balance	35,627

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
Cost of purchasing equipment or components	$ 1.9

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)TaxRate	Sep. 30, 2014USD ($)
Investments, Owned, Federal Income Tax Note [Line Items]
Deferred tax benefit			$ (584,000)	$ (363,000)
Income tax benefit	$ (663,000)	$ (298,000)	$ (576,000)	$ (292,000)
Effective income tax rate	1.40%		0.90%
U.S. federal statutory rate	35.00%		35.00%
State (net of federal benefit) statutory rate	6.20%		6.20%
Number of effective tax rates | TaxRate			2
First Five Year Tax Holiday [Member]
Investments, Owned, Federal Income Tax Note [Line Items]
Deferred tax benefit	$ (18,000)		$ (18,000)
First Five Year Tax Holiday [Member] | Malaysia [Member]
Investments, Owned, Federal Income Tax Note [Line Items]
Deferred tax asset	$ 14,000		$ 14,000
Income tax holiday period			5 years

Credit Facility - Additional In

Credit Facility - Additional Information (Detail) - USD ($)	Jan. 02, 2013	Aug. 31, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Debt Disclosure [Abstract]
Term agreement of senior secured credit facility	3 years
Amount of senior secured credit facility	$ 25,000,000
Percentage of eligible account receivable	80.00%
Percentage of domestically held raw material and finished goods inventory	35.00%
Percentage of advances against inventory	40.00%	45.00%
Amount of aggregate outstanding principal on the revolving line of credit	$ 10,000,000	$ 10,000,000
Option to borrow at an interest rate of LIBOR plus	2.75%
Option to borrow at an interest rate of Wall Street Journal prime rate plus	0.50%
Liquidity rate	$ 20,000,000
Borrowing interest rate options	2.25%
Percentage of unused revolving line facility fee	0.375%	0.50%
Adjusted quick ratio	1.40
Percentage of maintain operating and other deposit accounts	25.00%
Interest expense charged on the unused portion of the facility			$ 29,000	$ 24,000	$ 76,000	$ 71,000

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Subsequent Events [Abstract]
General and administrative expenses on settlement of agreement	$ 900,000	$ 900,000