Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2019 | Oct. 25, 2019 | |
Document And Entity Information [Abstract] | ||
Entity Registrant Name | BROADVISION INC | |
Entity Central Index Key | 0000920448 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Entity Current Reporting Status | Yes | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Common Stock, Shares Outstanding | 5,061,018 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Current assets: | ||
Cash and cash equivalents | $ 2,169 | $ 2,574 |
Accounts receivable, net of reserves of $63 and $193 as of September 30, 2019 and December 31, 2018, respectively | 235 | 331 |
Accounts receivable related party (Note 7) | 979 | |
Operating lease right-of-use assets | 60 | |
Prepaids and other | 544 | 692 |
Current assets of discontinued operations (Note 8) | 145 | |
Total current assets | 3,987 | 3,742 |
Property and equipment, net | 9 | 15 |
Investment in VMSO, Inc. (Note 4) | 1,497 | |
Other assets | 94 | 96 |
Total assets | 5,587 | 3,853 |
Current liabilities: | ||
Accounts payable | 452 | 215 |
Accrued expenses | 530 | 607 |
Operating lease liabilities – current | 58 | |
Unearned revenue | 670 | 321 |
Deferred maintenance | 330 | 337 |
Current liabilities of discontinued operations (Note 8) | 417 | |
Total current liabilities | 2,040 | 1,897 |
Other non-current liabilities | 813 | 555 |
Total liabilities | 2,853 | 2,452 |
Stockholders' equity: | ||
Convertible preferred stock, $0.0001 par value; 1,000 shares authorized; none issued and outstanding | ||
Common stock, $0.0001 par value; 11,200 shares authorized; 5,061 and 5,057 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively | ||
Additional paid-in capital | 1,272,009 | 1,271,949 |
Accumulated other comprehensive loss | (1,251) | (1,435) |
Accumulated deficit | (1,268,024) | (1,269,113) |
Total stockholders’ equity | 2,734 | 1,401 |
Total liabilities and stockholders' equity | $ 5,587 | $ 3,853 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Condensed Consolidated Balance Sheets [Abstract] | ||
Accounts receivable, reserves | $ 63 | $ 193 |
Convertible preferred stock, par value | $ 0.0001 | $ 0.0001 |
Convertible preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Convertible preferred stock, shares issued | 0 | 0 |
Convertible preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 11,200,000 | 11,200,000 |
Common stock, shares issued | 5,061,000 | 5,057,000 |
Common stock, shares outstanding | 5,061,000 | 5,057,000 |
Condensed Consolidated Statemen
Condensed Consolidated Statements Of Comprehensive Income (Loss) - USD ($) shares in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Revenues: | ||||
Revenues | $ 708,000 | $ 743,000 | $ 2,297,000 | $ 2,908,000 |
Cost of revenues: | ||||
Cost of revenues | 87,000 | 132,000 | 235,000 | 526,000 |
Gross profit | 621,000 | 611,000 | 2,062,000 | 2,382,000 |
Operating expenses: | ||||
Research and development | 322,000 | 235,000 | 537,000 | 1,249,000 |
Sales and marketing | 69,000 | 231,000 | 140,000 | 669,000 |
General and administrative | 596,000 | 535,000 | 1,941,000 | 2,072,000 |
Total operating expenses | 987,000 | 1,001,000 | 2,618,000 | 3,990,000 |
Operating loss | (366,000) | (390,000) | (556,000) | (1,608,000) |
Interest income, net | 4,000 | 13,000 | 12,000 | 49,000 |
Other income (loss), net | (190,000) | (72,000) | (174,000) | (223,000) |
Loss before income taxes | (552,000) | (449,000) | (718,000) | (1,782,000) |
Income tax expense | 2,000 | (2,000) | (15,000) | (4,000) |
Net income (loss) from continuing operations | (550,000) | (451,000) | (733,000) | (1,786,000) |
Net income (loss) from discontinued operations | (665,000) | (1,265,000) | (2,234,000) | (3,582,000) |
Gain on derecognition of Vmoso,Inc. | (2,349,000) | (2,349,000) | ||
Net (loss) income from discontinued operations as presented in the statements of comprehensive income (loss) | 1,684,000 | (1,265,000) | 115,000 | (3,582,000) |
Net income (loss) | 1,134,000 | (1,716,000) | (618,000) | (5,368,000) |
Net income (loss) attributed to non-controlling interest | (529,000) | (1,707,000) | ||
Net income (loss) | 1,663,000 | (1,716,000) | 1,089,000 | (5,368,000) |
Amounts attributed to controlling interest: | ||||
Net income (loss) attributed to controlling interest from continuing operations | (467,000) | (1,716,000) | (519,000) | (5,368,000) |
Net income (loss) attributed to controlling interest from discontinued operations | 2,130,000 | 1,608,000 | ||
Net income (loss) | $ 1,663,000 | $ (1,716,000) | $ 1,089,000 | $ (5,368,000) |
Net income (loss) per share attributed to continuing operations: | ||||
Basic | $ (0.11) | $ (0.09) | $ (0.15) | $ (0.36) |
Diluted | (0.11) | (0.09) | (0.15) | (0.36) |
Net income (loss) per share attributed to discontinued operations: | ||||
Basic | 0.33 | (0.25) | 0.02 | (0.72) |
Diluted | $ 0.33 | $ (0.25) | $ 0.02 | $ (0.72) |
Shares used in computing: | ||||
Weighted average shares, basic | 5,034 | 4,998 | 5,018 | 4,997 |
Weighted average shares, diluted | 5,044 | 4,998 | 5,037 | 4,997 |
Other comprehensive (loss) gain, net of tax: | ||||
Foreign currency translation adjustment | $ 188,000 | $ 29,000 | $ 184,000 | $ 106,000 |
Comprehensive loss | 188,000 | 29,000 | 184,000 | 106,000 |
Comprehensive income (loss) | 1,322,000 | (1,687,000) | (434,000) | (5,262,000) |
Software Licenses [Member] | ||||
Revenues: | ||||
Revenues | 284,000 | 285,000 | 964,000 | 1,199,000 |
Cost of revenues: | ||||
Cost of revenues | 12,000 | 27,000 | 102,000 | |
Services [Member] | ||||
Revenues: | ||||
Revenues | 424,000 | 458,000 | 1,333,000 | 1,709,000 |
Cost of revenues: | ||||
Cost of revenues | $ 75,000 | $ 105,000 | $ 235,000 | $ 424,000 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Other Comprehensive Loss [Member] | Accumulated Deficit [Member] | Parent [Member] | Noncontrolling Interest [Member] | Total |
Balances, value at Dec. 31, 2017 | $ 1,271,585 | $ (1,558) | $ (1,262,718) | $ 7,309 | $ 7,309 | ||
Balances, shares at Dec. 31, 2017 | 4,995 | ||||||
Net income (loss) | (1,492) | (1,492) | (1,492) | ||||
Other comprehensive income (loss) | (182) | (182) | (182) | ||||
Stock-based compensation | 126 | 126 | 126 | ||||
Issuance of common stock under employee stock purchase plan, shares | 2 | ||||||
Issuance of common stock under employee stock purchase plan, value | 5 | 5 | 5 | ||||
Cumulative effect of adoption of ASC 606 | 605 | 605 | 605 | ||||
Balances, shares at Mar. 31, 2018 | 4,997 | ||||||
Balances, value at Mar. 31, 2018 | 1,271,716 | (1,740) | (1,263,605) | 6,371 | 6,371 | ||
Balances, value at Dec. 31, 2017 | 1,271,585 | (1,558) | (1,262,718) | 7,309 | 7,309 | ||
Balances, shares at Dec. 31, 2017 | 4,995 | ||||||
Net income (loss) | (5,368) | ||||||
Balances, shares at Sep. 30, 2018 | 4,998 | ||||||
Balances, value at Sep. 30, 2018 | 1,271,892 | (1,452) | (1,267,479) | 2,961 | 2,961 | ||
Balances, value at Mar. 31, 2018 | 1,271,716 | (1,740) | (1,263,605) | 6,371 | 6,371 | ||
Balances, shares at Mar. 31, 2018 | 4,997 | ||||||
Net income (loss) | (2,160) | (2,160) | (2,160) | ||||
Other comprehensive income (loss) | 259 | 259 | 259 | ||||
Stock-based compensation | 107 | 107 | 107 | ||||
Issuance of common stock under employee stock purchase plan, shares | 1 | ||||||
Issuance of common stock under employee stock purchase plan, value | 2 | 2 | 2 | ||||
Balances, shares at Jun. 30, 2018 | 4,998 | ||||||
Balances, value at Jun. 30, 2018 | 1,271,825 | (1,481) | (1,265,765) | 4,579 | 4,579 | ||
Net income (loss) | (1,716) | ||||||
Net income (loss) | (1,714) | (1,714) | (1,714) | ||||
Other comprehensive income (loss) | 29 | 29 | 29 | ||||
Stock-based compensation | 67 | 67 | 67 | ||||
Balances, shares at Sep. 30, 2018 | 4,998 | ||||||
Balances, value at Sep. 30, 2018 | 1,271,892 | (1,452) | (1,267,479) | 2,961 | 2,961 | ||
Balances, value at Dec. 31, 2018 | 1,271,949 | (1,435) | (1,269,113) | 1,401 | $ 1,401 | ||
Balances, shares at Dec. 31, 2018 | 5,057 | 5,057 | |||||
Contribution from noncontrolling interest | $ 3,000 | $ 3,000 | |||||
Net income (loss) | (289) | (289) | (575) | (864) | |||
Other comprehensive income (loss) | 96 | 96 | 96 | ||||
Stock-based compensation | 18 | 18 | 18 | ||||
Issuance of common stock under employee stock purchase plan, shares | 2 | ||||||
Issuance of common stock under employee stock purchase plan, value | 2 | 2 | 2 | ||||
Balances, shares at Mar. 31, 2019 | 5,059 | ||||||
Balances, value at Mar. 31, 2019 | 1,271,969 | (1,339) | (1,269,402) | 1,228 | 2,425 | 3,653 | |
Balances, value at Dec. 31, 2018 | 1,271,949 | (1,435) | (1,269,113) | 1,401 | $ 1,401 | ||
Balances, shares at Dec. 31, 2018 | 5,057 | 5,057 | |||||
Net income (loss) | $ (618) | ||||||
Deconsolidation of Vmoso, Inc. | $ 1,300 | ||||||
Balances, shares at Sep. 30, 2019 | 5,061 | 5,061 | |||||
Balances, value at Sep. 30, 2019 | 1,272,009 | (1,251) | (1,268,024) | 2,734 | $ 2,734 | ||
Balances, value at Mar. 31, 2019 | 1,271,969 | (1,339) | (1,269,402) | 1,228 | 2,425 | 3,653 | |
Balances, shares at Mar. 31, 2019 | 5,059 | ||||||
Net income (loss) | (285) | (285) | (602) | (887) | |||
Other comprehensive income (loss) | (100) | (100) | (100) | ||||
Stock-based compensation | 19 | 19 | 19 | ||||
Issuance of common stock under employee stock purchase plan, shares | 2 | ||||||
Issuance of common stock under employee stock purchase plan, value | 2 | 2 | 2 | ||||
Balances, shares at Jun. 30, 2019 | 5,061 | ||||||
Balances, value at Jun. 30, 2019 | 1,271,990 | (1,439) | (1,269,687) | 864 | 1,823 | 2,687 | |
Net income (loss) | 1,134 | ||||||
Net income (loss) | 1,663 | 1,663 | (529) | 1,134 | |||
Other comprehensive income (loss) | 188 | 188 | 188 | ||||
Stock-based compensation | 19 | 19 | 19 | ||||
Deconsolidation of Vmoso, Inc. | $ (1,294) | $ (1,294) | |||||
Balances, shares at Sep. 30, 2019 | 5,061 | 5,061 | |||||
Balances, value at Sep. 30, 2019 | $ 1,272,009 | $ (1,251) | $ (1,268,024) | $ 2,734 | $ 2,734 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements Of Cash Flows - USD ($) | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Cash flows from operating activities: | ||
Net income (loss) attributable to continuing operations | $ (733,000) | $ (1,786,000) |
Net income (loss) from discontinued operations | 115,000 | (3,582,000) |
Net income (loss) | (618,000) | (5,368,000) |
Adjustments to reconcile net loss to net cash used for operating activities: | ||
Gain on deconsolidation of Vmoso, Inc. | (2,349,000) | |
Depreciation and amortization | 6,000 | 17,000 |
Stock-based compensation | 56,000 | 300,000 |
Provision (benefit) of receivable reserves | (90,000) | (77,000) |
Accumulated effect on accounting changes | 605,000 | |
Changes in operating assets and liabilities: | ||
Accounts receivable | 313,000 | 950,000 |
Accounts receivable related party | (979,000) | |
Prepaids and other | 148,000 | 14,000 |
Operating lease right-of-use assets | (60,000) | |
Other non-current assets | (9,000) | |
Accounts payable and accrued expenses | (98,000) | (659,000) |
Operating lease liabilities - current | 58,000 | |
Unearned revenues and deferred maintenance | 391,000 | (1,108,000) |
Other noncurrent liabilities | 1,229,000 | 10,000 |
Net cash used for operating activities | (1,993,000) | (5,325,000) |
Cash flows from investing activities: | ||
Purchase of property and equipment | (1,000) | |
Derecognition of Vmoso, Inc. cash | (1,596,000) | |
Maturities of short term investments | 1,000,000 | |
Net cash (used for) provided by investing activities | (1,596,000) | 999,000 |
Cash flows from financing activities: | ||
Proceeds from issuance of common stock, net | 3,000,000 | 9,000 |
Net cash provided by financing activities | 3,000,000 | 9,000 |
Effect of exchange rates on cash and cash equivalents | 184,000 | 106,000 |
Net decrease in cash and cash equivalents | (405,000) | (4,211,000) |
Cash and cash equivalents at beginning of period | 2,574,000 | 8,560,000 |
Cash and cash equivalents at end of period | $ 2,169,000 | $ 4,349,000 |
Organization And Summary Of Sig
Organization And Summary Of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2019 | |
Organization And Summary Of Significant Accounting Policies [Abstract] | |
Organization And Summary Of Significant Accounting Policies | Note 1. O rganization and Summary of Significant Accounting Policies BroadVision, Inc. was incorporated in the state of Delaware on May 13, 1993, and has been a publicly traded corporation since 1996. We develop, market, and support enterprise portal applications that enable companies to unify their e-business infrastructure and conduct both interactions and transactions with employees, partners, and customers through a personalized self-service model that increases revenues, reduces costs, and improves productivity. Except where specifically noted or the context otherwise requires, the use of terms such as the “Company”, “BroadVision,” “we” and “our” in these Notes to Condensed Consolidated Financial Statements refers to BroadVision, Inc. and its subsidiaries. Basis of Presentation and Principles of Consolidation The condensed consolidated financial results and related information as of and for the three and nine months ended September 30, 2019 and 2018 are unaudited. The Condensed Consolidated Balance Sheet at December 31, 2018 has been derived from the audited consolidated financial statements as of that date but does not necessarily reflect all of the disclosures previously reported in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). The unaudited Condensed Consolidated Financial Statements should be reviewed in conjunction with the audited consolidated financial statements and related notes contained in our 2018 Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on April 1, 2019, as amended. The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with U.S. GAAP for interim financial information and with the instructions in Form 10-Q and Article 8-03 of Regulation S-X. Accordingly, these statements do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of interim financial information have been included. Operating results for the three and nine months ended September 30, 2019 are not necessarily indicative of the results that may be expected for the remainder of the year ending December 31, 2019 or any future interim period. The condensed consolidated financial statements include our accounts and those of our wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in the consolidation. On January 2, 2019, we entered into a Series A Preferred Stock Purchase Agreement with Vmoso, Inc., a Delaware corporation (“VMSO”), for the purchase of 745,000 shares of VMSO’s Series A Preferred Stock for a purchase price comprising the contribution of our intellectual property and other net assets. This transaction was considered a common control transaction, and the assets and liabilities were transferred to VMSO at carrying value and resulted in no gain or loss. The contributed assets represent substantially all of the intellectual property and other assets relating to our Clearvale and Vmoso platforms, including our Clearvale and Vmoso products and customer relationships and our My Vmoso Network (“MVN”) development project. VMSO will continue the commercialization of the Clearvale and Vmoso products and the development of MVN. Following the completion of VMSO’s sale of Class 1 Common Stock described below, the shares of Series A Preferred Stock owned by the Company represent approximately 19.9% of the total number of shares of VMSO’s capital stock outstanding. The rights, preferences and privileges of VMSO’s Series A Preferred Stock include a liquidation preference of $1.00 per share in addition to participating rights proportionate to the number of shares held. The fair value of the VMSO Series A Preferred Stock held by the Company upon completion of VMSO’s sale of Class 1 Common Stock described below was 33.3% of VMSO. On January 2, 2019, Dr. Pehong Chen, our and VMSO’s President and Chief Executive Officer and our largest stockholder, purchased 3,000,000 shares of VMSO’s Class 1 Common Stock, representing approximately 80.1% of the total number of shares of VMSO’s capital stock outstanding after such purchase, for a purchase price of $3,000,000 in cash pursuant to a Class 1 Common Stock Purchase Agreement between Dr. Chen and VMSO. The fair value of Dr. Chen’s non-controlling interest in VMSO upon completion of VMSO’s sale of Class 1 Common Stock was 66.7% of VMSO. On January 2, 2019, we entered into a Services and Facilities Agreement (“SFA”), with VMSO, the terms of which provide for the payment of certain fees to us by VMSO, in exchange for the contribution of our expertise, resources, services, as well as the limited use of our facilities in VMSO’s business and operations. The SFA was initially effective as of January 1, 2019 and was amended and restated on September 30, 2019 (“the A&R SFA”) . The A&R SFA substantially reduced the nature and number of services that we provide to VMSO , and instead, committed us to provide VMSO with only certain back-office services relating primarily to finance, human resources, information technology and infrastructure support, as well as a limited right to use and occupy our facilities in Redwood City, California , i n exchange for fees generally intended to permit us to recover the cost to us of providing VMSO with such services, facilities and equipment, with a nominal profit margin. The A&R SFA provides both parties with the flexibility to expand the scope of the agreement to cover any additional services by mutual agreement, as well as any services that are ancillary, incidental to, or necessary for the performance of the services contemplated by the A&R SFA. Since the execution of the initial SFA, we have acted as a reseller of VMSO’s Clearvale and Vmoso products, and we expect to continue to do so, with the A&R SFA contemplating our potential future execution of a formal Reseller Margin Arrangement with VMSO. The A&R SFA does not contemplate or result in a change in our ownership share of VMSO. The term of the A&R SFA shall continue until June 30, 2020, unless earlier terminated by either party, at any time, upon 30 days’ written notice and shall be renewable upon written consent from both parties . The Company consolidates variable interest entities (“VIEs”) in which it holds a variable interest and for which the Company is determined to be the primary beneficiary. Concurrent with the execution of the A&R SFA on September 30, 2019, the Company also terminated employees whose sole function was to support VMSO and its products and product development efforts: Vmoso, Clearvale, and MVN. As a result of the A&R SFA, the Company no longer controlled the management of VMSO, prompting and permitting the Company to deconsolidate VMSO as a variable interest entity effective as of September 30, 2019. Refer to Note 8. Discontinued Operations, for additional details on the deconsolidation of VMSO. As part of the deconsolidation of VMSO on September 30, 2019, the Company recorded its investment in VMSO at fair value of $1.5 million as of September 30, 2019 on the Condensed Consolidated Balance Sheet under the “Investment in Vmoso, Inc.” caption, removed the assets and liabilities of VMSO from the Condensed Consolidated Balance Sheet at net carrying value of $0.4 million, removed the noncontrolling interest in VMSO of $1.3 million from the Condensed Consolidated Balance Sheet and recorded a $2.3 million gain on deconsolidation of VMSO. The Condensed Consolidated Statements of Comprehensive Income (Loss), Stockholders’ Equity, and Cash Flows include the operating results, changes in stockholders’ equity, and cash flows of VMSO through September 29, 2019 prior to de consolidation on September 30, 2019. On October 29, 2019, we entered into an amendment to the A&R SFA with VMSO (the “SFA Amendment”), which further clarified the permitted limited use of our facilities , added certain billable financial services that we would provide to VMSO through at least the end of 2019, and provided us with the ability to incur, pay, and be reimbursed for certain expenses on VMSO’s behalf during the term of the A&R SFA. The assets and liabilities, operating results, and cash flows related to Vmoso and Clearvale products and MVN product development are presented as discontinued operations, separate from our continuing operations, for all periods presented in these interim Condensed Consolidated Financial Statements and footnotes, unless otherwise indicated. Refer to Note 8. Discontinued Operations, for details on the income and major components of assets and liabilities of our discontinued operations. Use of Estimates The preparation of Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires management to make certain assumptions and estimates that affect reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, we evaluate our estimates, including those related to receivable reserves, stock-based compensation, investments, impairment assessments and income taxes, valuation of equity instruments, as well as contingencies and litigation. We base our estimates on historical experience and on various other assumptions that we believe are reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates using different assumptions or conditions. Liquidity The accompanying Condensed Consolidated Financial Statements have been prepared assuming the Company will continue as a going concern. During the nine months ended September 30, 2019, the Company had a net loss of $0.7 million from continuing operations and net cash used for operations of $2.0 million, and at September 30, 2019, the Company had working capital of $ 1.9 million. The Company has implemented cost reduction plans commencing the second half of 2017 to reduce the Company’s cash needs and reduced the cost of its operations by approximately $5 million in 2018 , and by an additional approximately $3.3 million in the nine months ended September 30, 2019 . The Company believes its cash and cash equivalents as of September 30, 2019, will be sufficient to fund operations for at least twelve months from the date of issuance of these C ondensed C onsolidated F inancial S tatements. However, further cost reduction may result in voluntary departures of highly skilled technical and managerial personnel, which would have a material adverse effect on our business, internal controls, financial condition and results of operations. We expect to opportunistically seek to raise additional funds through private or public sales of securities, strategic relationships, bank debt, financing under leasing arrangements or otherwise. If additional funds are raised through the issuance of equity securities, the percentage ownership of our current stockholders will be reduced, stockholders may experience additional dilution or any equity securities we sell may have rights, preferences or privileges senior to those of the holders of our common stock. We expect that obtaining additional financing on acceptable terms would be difficult, at best. If adequate funds are not available or are not available on acceptable terms, we may be unable to pay our debts as they become due, develop our products, take advantage of future opportunities or respond to competitive pressures or unanticipated requirements, which could have a material adverse effect on our business, financial condition and future operating results. The outcome of these matters cannot be predicted at this time. Our ability to continue as a going concern is dependent upon our ability to successfully accomplish these plans and secure sources of financing and/or reduce costs and ultimately attain profitable operations. Stock-Based Compensation The following table sets forth the components of the total stock-based compensation expense recognized in our Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 30, 2019 and 2018 (in thousands): Three Months Ended Nine Months Ended September 30, September 30, Total 2019 2018 2019 2018 Cost of services $ — $ 13 $ — $ 38 Research and development — 4 — 26 Sales and marketing 2 10 10 37 General and administrative 17 7 46 73 Total stock-based compensation attributed to continuing operations 19 34 56 174 Total stock-based compensation attributed to discontinued operations — 33 — 126 Total stock-based compensation $ 19 $ 67 $ 56 $ 300 Leases The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities on the condensed consolidated balance sheets. As of September 30, 2019 and December 31, 2018, the Company did not have finance leases. ROU assets and operating lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. The Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The ROU asset also includes any lease payments made and excludes lease incentives. The lease terms may include options to extend or terminate the lease when it is reasonably certain to be exercised. Operating leases are recognized on a straight-line basis over the lease term. Net Income (Loss) Per Share Basic net income (loss) per share is computed using the weighted-average number of shares of common stock outstanding, excluding the effects of any potentially dilutive securities. Diluted net income (loss) per share is computed using the weighted-average number of shares of common stock outstanding and, when dilutive, common equivalent shares from outstanding stock options and awards using the treasury stock method. The following table sets forth the basic and diluted net income (loss) per share computational data for the periods presented (in thousands, except per share amounts): Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Net loss attributable to continuing operations (550) (451) (733) (1,786) Net income (loss) attributable to discontinued operations 1,684 (1,265) 115 (3,582) Net income (loss) $ 1,134 $ (1,716) $ (618) $ (5,368) Net loss per share attributed to continuing operations: Basic $ (0.11) $ (0.09) $ (0.15) $ (0.36) Diluted $ (0.11) $ (0.09) $ (0.15) $ (0.36) Net income (loss) per share attributed to discontinued operations: Basic $ 0.33 $ (0.25) $ 0.02 $ (0.72) Diluted $ 0.33 $ (0.25) $ 0.02 $ (0.72) Shares used in computing: Weighted average shares, basic 5,034 4,998 5,018 4,997 Weighted-average common equivalent shares from outstanding common stock options and awards 10 — 19 — Weighted average shares, diluted 5,044 4,998 5,037 4,997 Legal Proceedings We are subject from time to time to various legal actions and other claims arising in the ordinary course of business. We are not presently a party to any material legal proceedings. Foreign Currency Translations The functional currencies of all foreign subsidiaries are the local currencies of their respective countries. Assets and liabilities of these subsidiaries are translated into U.S. dollars at the balance sheet date. Income and expense items are translated at average exchange rates for the periods presented. Foreign exchange gains and losses resulting from the remeasurement of foreign currency assets and liabilities are included as other income (expense), net in the Condensed Consolidated Statements of Comprehensive Loss. The translation adjustment was a gain of $184,000 and $106,000 for the nine months ended September 30, 2019 and 2018, respectively. These amounts are included in the accumulated other comprehensive income ( loss ) account in the Condensed Consolidated Balance Sheets. Comprehensive Income (Loss) Comprehensive i ncome (loss) includes net income ( loss ) and other comprehensive gains and losses, which primarily consists of foreign currency translation adjustments. Total comprehensive income (loss) is presented in the accompanying Condensed Consolidated Statements of Comprehensive Income (L oss ) . Total accumulated other comprehensive loss is displayed as a separate component of stockholders’ equity in the accompanying Condensed Consolidated Balance Sheets. The accumulated balances of other comprehensive loss consist of the following, net of taxes (in thousands): Accumulated Other Comprehensive Loss Balance, December 31, 2018 $ (1,435) Net change during period 184 Balance, September 30, 2019 $ (1,251) Recent Accounting Pronouncements Recently Adopted Accounting Pronouncement In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842), which requires the recognition of an asset and liability for lease arrangements longer than twelve months. The Company adopted the new accounting standard on January 1, 2019, using the modified retrospective method and elected the package of practical expedients for expired or existing contracts, which allowed the Company not to reassess (1) whether contracts are or contain leases, (2) lease classification and (3) initial direct costs. The Company recorded right-of-use assets of $120,000 in “Operating lease right-of-use assets” on the Company's Condensed Consolidated Balance Sheet, and lease liabilities of $120,000 in aggregate in “Operating lease liabilities – current” and “other non-current liabilities” on the Company’s Condensed Consolidated Balance Sheet on the adoption date. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. Recently Issued Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326). This ASU requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. ASU 2016-13 is effective for the Company in the first quarter of fiscal 2023. Entities may early adopt the ASU in their fiscal years beginning after December 15, 2018. The Company does not believe this ASU will have a material impact on its Consolidated Financial Statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement (ASU 2018-13), which modifies the disclosure requirements on fair value measurements. ASU 2018-13 is effective for the Company in the first quarter of fiscal 2020. Early adoption is permitted. The Company does not believe this ASU will have a material impact on its Consolidated Financial Statements. In August 2018, the FASB issued ASU No. 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract. ASU 2018-15 clarifies the accounting for implementation costs in cloud computing arrangements. ASU 2018-15 is effective for the Company in the first quarter of fiscal 2020. Early adoption is permitted. The Company does not believe this ASU will have a material impact on its Consolidated Financial Statements. |
Revenues
Revenues | 9 Months Ended |
Sep. 30, 2019 | |
Revenues [Abstract] | |
Revenues | Note 2. Revenues Revenue Accounting Policies Our revenues consist of fees for licenses of our software products, maintenance, consulting services and training. Revenues are recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. We enter into contracts that can include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations. The transaction price is generally in the form of a fixed fee at contract inception without variable consideration. We allocate the transaction price to each distinct performance obligation based on the relative estimated standalone selling prices for each performance obligation. We then look to how control transfers to the customer in order to determine the timing of revenue recognition. The following is a description of principal activities from which we generate revenues: Software License Revenues – Products with Non-Ratably Recognized Revenue Licenses for software products with non-ratably recognized revenues (such as QuickSilver) provide the customer with a right to use the software as it exists when made available to the customer. Customers may purchase perpetual licenses or subscribe to licenses, which provide customers with the same functionality and differ mainly in the duration over which the customer benefits from the software. Revenues from such software licenses are recognized upfront at the point in time when the software is made available to the customer, which is consistent with the timing of the payments received from the customer. We do not grant a right of return for these software products. Maintenance Revenues Maintenance revenues, which include revenues that are allocated from software license agreements that entitle the customers to technical support and future unspecified enhancements to our products, are recognized ratably over the related agreement period, which time period is generally twelve months. Customer payments are usually received annually in advance, which are recorded as deferred revenues and are recognized as revenues as we perform our obligations under these agreements. Consulting Services Revenues Consulting services revenues and training revenues are recognized as such services are performed based on time and cost incurred. These services are not essential to the functionality of the software. We record reimbursements from our customers for out-of-pocket expenses as an increase to services revenues. Significant Judgments Our contracts with customers often include promises to transfer multiple products and services to a customer. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. Judgment is also required to determine the timing of the recognition, as well as the standalone selling price for each distinct performance obligation. In instances where the standalone selling price is not directly observable, such as when we do not sell the product or service separately, we determine such standalone selling price using information that may include market conditions and other observable inputs. Practical Expedients and Exemptions We generally expense sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within sales and marketing expenses. Disaggregation of Revenues The following table provides information about disaggregated revenues from continuing operations by geographical region, major product line and timing of revenue recognition (in thousands ): Nine months ended September 30, 2019 Geographic region: Software Licenses - Non-hosted Maintenance Professional Services Total Americas $ 909 $ 651 $ 3 $ 1,563 Europe 54 480 3 537 Asia/Pacific 1 158 38 197 Total revenues $ 964 $ 1,289 $ 44 $ 2,297 Nine months ended September 30, 2018 Geographic region: Software Licenses - Non-hosted Maintenance Professional Services Total Americas $ 1,082 $ 592 $ 24 $ 1,698 Europe 115 548 71 734 Asia/Pacific 2 179 295 476 Total revenues $ 1,199 $ 1,319 $ 390 $ 2,908 Nine months ended September 30, 2019 Timing of revenue recognition: Software Licenses - Non-hosted Maintenance Professional Services Total Transferred at a point in time $ 964 $ — $ — $ 964 Transferred over time — 1,289 44 1,333 Total revenues $ 964 $ 1,289 $ 44 $ 2,297 Nine months ended September 30, 2018 Timing of revenue recognition: Software Licenses - Non-hosted Maintenance Professional Services Total Transferred at a point in time $ 1,199 $ — $ — $ 1,199 Transferred over time — 1,319 390 1,709 Total revenues $ 1,199 $ 1,319 $ 390 $ 2,908 Contract Balances The following table provides information about receivables, contract assets and deferred revenues from contracts with customers from continuing operations. Deferred revenues include unearned revenues and deferred maintenance (in thousands): Nine months ended September 30, 2019 Balance at beginning of period Increases Decreases Balance at end of period Receivables $ 331 $ 1,920 $ 2,016 $ 235 Unearned and deferred revenues including current and non-current $ 792 $ 2,861 $ 2,256 $ 1,397 Nine months ended September 30, 2018 Balance at beginning of period Increases Decreases Balance at end of period Receivables $ 1,089 $ 2,631 $ 3,500 $ 220 Unearned and deferred revenues including current and non-current 1,913 1,520 2,518 915 We receive payments from customers based upon contractual billing schedules; accounts receivables are recorded when the right to consideration becomes unconditional. Contract assets include amounts related to our contractual right to consideration for completed performance obligations not yet invoiced. Deferred revenues include payments received in advance of performance under the contract and are realized with the associated revenues recognized under the contract, which is generally within a year. Increases to deferred revenues were mainly a result of additional upfront payments received during the period, whereas decreases to unearned and deferred revenues were due to performance obligations satisfied. |
Selected Condensed Consolidated
Selected Condensed Consolidated Balance Sheet Detail | 9 Months Ended |
Sep. 30, 2019 | |
Selected Condensed Consolidated Balance Sheet Detail [Abstract] | |
Selected Condensed Consolidated Balance Sheet Detail | Note 3. Selected Condensed Consolidated Balance Sheet Detail Other current assets at September 30, 2019 and December 31, 2018 consisted of the following (in thousands): September 30, December 31, 2019 2018 (unaudited) VAT receivable $ 240 $ 480 Other 304 212 Total Prepaids and other $ 544 $ 692 Accrued expenses at September 30, 2019 and December 31, 2018 consisted of the following (in thousands): September 30, December 31, 2019 2018 (unaudited) Employee benefits $ 279 $ 169 Income tax 1 24 Sales and other taxes 116 287 Commissions and bonuses 33 18 Other 101 109 Total accrued expenses $ 530 $ 607 Other non-current liabilities at September 30, 2019 and December 31, 2018 consisted of the following (in thousands): September 30, December 31, 2019 2018 (unaudited) Deferred maintenance and unearned revenue s $ 396 $ 133 Other 417 422 Total other non-current liabilities $ 813 $ 555 |
Fair Value Of Financial Instrum
Fair Value Of Financial Instruments | 9 Months Ended |
Sep. 30, 2019 | |
Fair Value Of Financial Instruments [Abstract] | |
Fair Value Of Financial Instruments | Note 4. Fair Value of Financial Instruments We measure assets and liabilities at fair value based on an exit price as defined by the FASB guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value: · 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; and · 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. Effective September 30, 2019, the Company completed its deconsolidation of VMSO. The Company retained its investment of 19.9% of VMSO after deconsolidation, which the Company valued at approximately $1.5 million as of September 30, 2019. The Company used Level 3 inputs in its fair market valuation of the investment in VMSO on September 30, 2019. Refer to Note 8. Discontinued Operations, for details regarding the Company’s investment in VMSO. The Company measures the following financial assets at fair value on a recurring basis. The fair value of these financial assets as of September 30, 2019 and December 31, 2018 (in thousands) were as follows : Fair Value at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable September 30, Assets Inputs Inputs 2019 (Level 1) (Level 2) (Level 3) Cash and cash equivalents: Cash $ 1,734 $ 1,734 $ — $ — Money market funds 435 435 — — Total cash and cash equivalents 2,169 2,169 — — Investment in Vmoso, Inc. 1,497 — — 1,497 Total $ 3,666 $ 2,169 $ — $ 1,497 Fair Value at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable December 31, Assets Inputs Inputs 2018 (Level 1) (Level 2) (Level 3) Cash and cash equivalents: Cash $ 1,628 $ 1,628 $ — $ — Money market funds 946 946 — — Total cash and cash equivalents $ 2,574 $ 2,574 $ — $ — Level 2 securities are priced using quoted market prices for similar instruments, nonbinding market prices that are corroborated by observable market data, or discounted cash flow techniques. Level 3 securities were priced using a calibration option pricing model to determine the fair value. The fair value of cash and cash equivalents, accounts receivable and accounts payable for all periods presented approximates their respective carrying amounts due to the short-term nature of these balances. |
Commitments And Contingencies
Commitments And Contingencies | 9 Months Ended |
Sep. 30, 2019 | |
Commitments And Contingencies [Abstract] | |
Commitments And Contingencies | Note 5. Commitments and Contingencies Warranties and Indemnification We provide a warranty to our perpetual license customers that our software will perform substantially in accordance with the documentation we provide with the software, typically for a period of 90 days following receipt of the software. Historically, costs related to these warranties have been immaterial. Accordingly, we have not recorded any warranty liabilities as of September 30, 2019 and December 31, 2018, respectively. Our perpetual software license agreements typically provide for indemnification of customers for intellectual property infringement claims caused by use of a current release of our software consistent with the terms of the license agreement. The term of these indemnification clauses is generally perpetual. The potential future payments we could be required to make under these indemnification clauses are generally limited to the amount the customer paid for the software. Historically, costs related to these indemnification provisions have been immaterial. We also maintain liability insurance that limits our exposure to any indemnification claims that may arise. As a result, we believe the potential liability of these indemnification clauses is minimal. Accordingly, we did not record any liabilities for these agreements as of September 30, 2019 and December 31, 2018, respectively. We entered into agreements whereby we indemnify our officers and directors for certain events or occurrences while the officer is, or was, serving in such capacity. The term of the indemnification period is for so long as such officer or director is subject to an indemnifiable event by reason of the fact that such person was serving in such capacity. The maximum potential amount of future payments we could be required to make under these indemnification agreements may be unlimited; however, we have a director and officer insurance policy that limits our exposure to such claims and enables us to recover a portion of any future amounts paid. As a result of our insurance policy coverage, we believe the estimated fair value of these indemnification agreements is insignificant. Accordingly, we have no liabilities recorded for these agreements as of either September 30, 2019 or December 31, 2018. We assess the need for an indemnification reserve on a quarterly basis and there can be no guarantee that an indemnification reserve will not become necessary in the future. Leases We lease our headquarters facility and our other facilities under noncancelable operating lease agreements each of which will expire at various dates during or before June 2020. We recognize the rent expense on a straight line basis over the lease period. Under the terms of our lease agreements, we are required to pay property taxes, insurance and normal maintenance costs. On January 1, 2019, we recorded right-of-use assets of $120,000 in “Operating lease right-of-use assets” on our condensed consolidated balance sheet, and as of September 30, 2019, we had related lease liabilities of $58,000 in aggregate in “Operating lease liabilities – current” and zero in “Other non-current liabilities” on our condensed consolidated balance sheet. Supplemental cash flow information related to operating leases is as follows (dollars in thousands): Nine Months Ended September 30, 2019 Cash payments for operating leases $ 66 September 30, 2019 Weighted-average remaining lease term 0.75 Weighted-average discount rate 12% Future minimum non-cancelable payments under operating leases as of September 30, 2019, were as follows (in thousands): Operating Leases Remainder of 2019 $ 41 2020 45 Total future lease payments $ 86 Less imputed interest 9 Present value of lease liabilities $ 77 During the three months ended September 30, 2019 and 2018, the Company recorded operating lease cost of $56,000 and $114,000 , respectively, and during the nine months ended September 30, 2019 and 2018, the Company recorded operating lease cost of $169,000 and $768,000 , respectively. As of September 30, 2019, the Company had no leases that have not yet commenced, except for a new lease commencing mid-November 2019 for new premises in Woburn, MA, which has a minimum commitment of 12.5 months at a total cost of $13,000 . |
Geographic, Segment And Signifi
Geographic, Segment And Significant Customer Information | 9 Months Ended |
Sep. 30, 2019 | |
Geographic, Segment And Significant Customer Information [Abstract] | |
Geographic, Segment And Significant Customer Information | Note 6. Geographic, Segment and Significant Customer Information We operate in one segment: electronic business solutions. The disaggregated revenue information regarding types of revenues from continuing operations is as follows (in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Software licenses Non-hosted licenses $ 284 $ 286 $ 964 $ 1,199 Services Consulting services 7 37 44 390 Maintenance 417 420 1,289 1,319 Total revenues from continuing operations $ 708 $ 743 $ 2,297 $ 2,908 We currently operate in three primary geographical territories: North and South America (Americas); Europe, Middle East and Africa ( Europe ); and Asia, Pacific and Japan (Asia/Pacific). Disaggregated financial information regarding our geographic revenues from continuing operations is as follows (in thousands): Three Months Ended Nine Months Ended September 30, September 30, Revenues: 2019 2018 2019 2018 Americas $ 475 $ 462 $ 1,563 $ 1,698 Europe 174 215 537 734 Asia/Pacific 59 66 197 476 Total revenues from continuing operations $ 708 $ 743 $ 2,297 $ 2,908 For the three and nine months ended September 30, 2019, Express Scripts accounted for more than 10% of our revenues from continuing operations . For the three and nine months ended September 30, 2018, Express Scripts accounted for 10% or more of our revenues from continuing operations. |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2019 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Note 7. Related Party Transactions BVD and BVOD On November 14, 2008, BroadVision (Delaware) LLC, a Delaware limited liability company (“BVD”), which was then our wholly owned subsidiary, entered into a Share Purchase Agreement with CHRM LLC, a Delaware limited liability company, that is controlled by Dr. Pehong Chen, our Chairman, President, Chief Executive Officer, Interim Chief Financial Officer and largest stockholder and in which our former Chief Financial Officer, Peter Chu, holds a minority interest. We and CHRM LLC then entered into an Amended and Restated Operating Agreement of BroadVision (Delaware) LLC dated as of November 14, 2008 (the “BVD Operating Agreement”). Under these agreements, CHRM LLC received, in exchange for the assignment of certain intellectual property rights, 20 Class B Shares of BVD, representing the right to receive a portion of any distribution of Funds from “Capital Transactions” (as such term is defined in the BVD Operating Agreement), with the exact amount to be determined based on our and CHRM LLC’s capital account balances at the time of such distribution. A Capital Transaction under that agreement is any merger or sale of substantially all of the assets of BVD as a result of which the members of BVD will no longer have an interest in BVD or the assets of BVD will be distributed to its members. Class B Shares do not participate in any profits of BVD except for net profits related to a Capital Transaction, in which case the net profits are allocated to the owners of Class A and Class B Shares in proportion to their respective number of shares. To the extent BVD’s losses do not exceed undistributed net profits accumulated since the date of issuance of Class B Shares, such losses are allocated to Class A Shares. To the extent net losses exceed the undistributed net profits accumulated since the date of issuance of Class B Shares, such excess is allocated to the owners of Class A and Class B Shares in proportion to their respective cumulative capital contributions less any return of capital, until allocation of such losses results in having the capital account balances equal to zero . Then, net losses are allocated to the owners of Class A and Class B Shares in proportion to their respective number of shares. Upon liquidation, the net assets of BVD are distributed to the owners of Class A and Class B in proportion to their capital account balances. BVD is the sole owner of BroadVision (Barbados) Limited (“BVB”) and BVB was the sole owner of BroadVision On Demand, a Chinese entity (“BVOD”). We invested approximately $9.0 million in BVOD (directly and through BVD and BVB) from 2007 through 2016 . In 2014 we began making payments directly to BVOD for certain labor outsourcing services; however, we discontinued our BVOD operations during the fourth quarter of 2018 and did not pay BVOD for such services in subsequent periods. We made aggregate payments to BVOD of zero and $1.3 million (based on the RMB to USD exchange rates on the applicable dates of payment) for such services in the nine months ended September 30, 2019 and 2018, respectively. These payments in part covered services rendered outside of the applicable years. We have a controlling voting interest in BVD. Pursuant to the terms of the BVD Operating Agreement, the Class B Shares held by CHRM LLC have no voting rights. The 20 Class B Shares of BVD represent a non-controlling interest. We allocate profits and losses of BVD to the non-controlling interest under the Hypothetical Liquidation Book Value (“HLBV”) method. Under this method, the profits and losses are allocated by reference to the profit sharing provisions in the BVD Operating Agreement assuming liquidation of BVD at its book value at the end of each reporting period. Profits and losses allocated to the balance of such interest under the HLBV method have not been material. In May 2019, BVOD was liquidated and BVOD’s bank account was closed. The funds totaling $21,000 were transferred by the bank to Dr. Pehong Chen, our and VMSO’s President and Chief Executive Officer, who subsequently transferred such amount to the Company during the third quarter of 2019. VMSO As discussed in Note 1 above, on January 2, 2019, we entered into a Series A Preferred Stock Purchase Agreement with VMSO for the purchase of 745,000 shares of VMSO’s Series A Preferred Stock for a purchase price comprising the contribution of our intellectual property and other net assets valued by our board of directors at $745,000 . The contributed assets represent substantially all of the intellectual property and other assets relating to the Clearvale and Vmoso platforms, including the Clearvale and Vmoso products and customer relationships and our MVN development project. VMSO will continue the commercialization of the Clearvale and Vmoso products and the development of MVN. Upon inception this transaction was considered a common control transaction, and the assets and liabilities were transferred to VMSO at carrying value and resulted in no gain or loss. Following the completion of VMSO’s sale of Class 1 Common Stock described below, the shares of Series A Preferred Stock owned by our Company represent approximately 19.9% of the total number of shares of VMSO’s capital stock outstanding. The rights, preferences and privileges of VMSO’s Series A Preferred Stock include a liquidation preference of $1.00 per share. On January 2, 2019, Dr. Chen, our and VMSO’s President and Chief Executive Officer and our largest stockholder, purchased 3,000,000 shares of VSMO’s Class 1 Common Stock, representing approximately 80.1% of the total number of shares of VMSO’s capital stock outstanding after such purchase, for a purchase price of $3,000,000 in cash pursuant to a Class 1 Common Stock Purchase Agreement between Dr. Chen and VMSO. On January 2, 2019, we entered into the SFA with VMSO, the terms of which provide for the payment of certain fees to us by VMSO, in exchange for the contribution of our expertise, resources, services, as well as the limited use of our facilities in VMSO’s business and operations. The SFA was initially effective as of January 1, 2019 and was amended and restated by the A&R SFA on September 30, 2019. The A&R SFA substantially reduced the nature and number of services that we provide to VMSO, and instead, committed us to provide VMSO with only certain back-office services relating primarily to finance, human resources, information technology and infrastructure support, as well as a limited right to use and occupy our facilities in Redwood City, California, in exchange for fees generally intended to permit us to recover the cost to us of providing VMSO with such services, facilities and equipment, with a nominal profit margin . Since the execution of the initial SFA, we have acted as a reseller of VMSO’s Clearvale and Vmoso products, and we expect to continue to do so, with the A&R SFA contemplating our potential future execution of a formal Reseller Margin Arrangement with VMSO. The A&R SFA does not contemplate or result in a change in our ownership share of VMSO. The term of the A&R SFA shall continue until June 30, 2020, unless earlier terminated by either party, at any time, upon 30 days’ written notice , and shall be renewable upon written consent from both parties. Concurrent with the execution of the A&R SFA on September 30, 2019, the Company terminated employees whose sole function was to support VMSO and its products and product development efforts: Vmoso, Clearvale, and MVN. As a result of the A&R SFA, the Company no longer controlled the management of VMSO and is no longer the primary beneficiary of VMSO, prompting and permitting the Company to deconsolidate VMSO as a variable interest entity effective as of September 30, 2019. Refer to Note 8. Discontinued Operations, for additional details on the deconsolidation of VMSO. As part of the deconsolidation of VMSO on September 30, 2019 , the Company recorded its investment in VMSO at fair value of $1.5 million as of September 30, 2019 on the Condensed Consolidated Balance Sheet under the “Investment in Vmoso, Inc.” caption, removed the assets and liabilities of VMSO at net carrying value of $0.4 million, removed the noncontrolling interest in VMSO of $1.3 million from the Condensed Consolidated Balance Sheet, and recognized a $2.3 million gain on deconsolidation of VMSO. Refer to Note 8. Discontinued Operations for details of the accounting for the deconsolidation. As of September 30, 2019, we had a net account receivable from related party due from VMSO of $1.0 million for services performed and received during the nine months ended September 30, 2019 under the SFA prior to the amendment and restatement and transactions related to resale of VMSO products. In addition, during the nine months ended September 30, 2019, we had a deferred cost of revenues of $ 0.2 million related to the resale of VMSO products and intercompany profits between the Company and VMSO were nominal. On October 29, 2019, we entered into the SFA Amendment, which further clarified the permitted limited use of our facilities , added certain billable financial services that we would provide to VMSO through at least the end of 2019, and provided us with the ability to incur, pay and be reimbursed for certain expenses on VMSO’s behalf during the term of the A&R SFA . |
Discontinued Operations
Discontinued Operations | 9 Months Ended |
Sep. 30, 2019 | |
Discontinued Operations [Abstract] | |
Discontinued Operations | Note 8. Discontinued Operations Management decided to cease its development and commercialization of Vmoso, Clearvale, and MVN in December 2018. As a result of this decision, VMSO was formed and in January 2019 the intellectual property and customer accounts and relationships associated with Vmoso, Clearvale and MVN were contributed by BroadVision to VMSO. The actions taken on September 30, 2019 to no longer control the management of VMSO described in Note 1 (the entry into the A&R SFA and the termination of VMSO supporting employees) resulted in the deconsolidation of VMSO by the Company. As a result, the Company has determined that the asset group associated with the Vmoso and Clearvale products and MVN product development should be reported as discontinued operations effective September 30, 2019. In recording the deconsolidation of VMSO from the Company’s Condensed Consolidated Financial Statements, the Company removed the net carrying amount of assets and liabilities of VMSO of $0.4 million and the noncontrolling interest in VMSO of $ 1.3 million from the Condensed Consolidated Balance Sheet, recorded its investment in VMSO at its fair value of $1.5 million as of September 30, 2019 on its Condensed Consolidated Balance Sheet, and recognized a gain on the deconsolidation of VMSO of $2.3 million. Included in the carrying amount of assets deconsolidated was $1.6 million of cash and investments held by VMSO. The assets and liabilities, operating results, and cash flows of VMSO are presented as discontinued operations, separate from our continuing operations, for all periods presented in these interim C ondensed C onsolidated F inancial S tatements and footnotes, unless otherwise indicated. On October 29, 2019, we entered into the SFA Amendment, which further clarified the permitted limited use of the our facilities , added certain billable financial services that we would provide to VMSO through at least the end of 2019, and provided us with the ability to incur, pay, and be reimbursed for certain expenses on VMSO’s behalf during the term of the A&R SFA. The income from discontinued operations amounts as reported on our condensed consolidated statements of operations were comprised of the following (in thousands) : Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Major classes of line items consisting of pretax income from discontinued operations: Revenues $ 182 $ 221 $ 592 $ 902 Cost of revenues 1 40 3 3 Operating expenses: Research and development 634 1,169 2,093 3,612 Sales and marketing 241 277 752 869 General and administrative — — — — Loss before income taxes of discontinued operations (694) (1,265) (2,256) (3,582) Other income (loss), net 29 — 23 — Gain on deconsolidation of Vmoso, Inc. 2,349 — 2,349 — Total pretax income (loss) from discontinued operations 1,684 (1,265) 116 (3,582) Income tax expense (benefit) related to discontinued operations — — — — Net income (loss) from discontinued operations as presented in the condensed consolidated statements of comprehensive income (loss) 1,684 (1,265) 116 (3,582) Net loss attributable to non-controlling interest (446) — (1,492) — Net income (loss) from discontinued operations attributed to BroadVision $ 2,130 $ (1,265) $ 1,608 $ (3,582) The major components of assets and liabilities of our discontinued operations were as follows: September 30, December 31, (in thousands) 2019 2018 Carrying amounts of major classes of assets and liabilities of discontinued operations: Current assets: Accounts receivable $ — $ 145 Total current assets of discontinued operations $ — $ 145 Current liabilities: Accounts Payable $ — $ 41 Accrued expenses — 248 Unearned revenues — 128 Total current liabilities of discontinued operations $ — $ 417 |
Organization And Summary Of S_2
Organization And Summary Of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2019 | |
Organization And Summary Of Significant Accounting Policies [Abstract] | |
Basis of Presentation and Principles of Consolidation | Basis of Presentation and Principles of Consolidation The condensed consolidated financial results and related information as of and for the three and nine months ended September 30, 2019 and 2018 are unaudited. The Condensed Consolidated Balance Sheet at December 31, 2018 has been derived from the audited consolidated financial statements as of that date but does not necessarily reflect all of the disclosures previously reported in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). The unaudited Condensed Consolidated Financial Statements should be reviewed in conjunction with the audited consolidated financial statements and related notes contained in our 2018 Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on April 1, 2019, as amended. The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with U.S. GAAP for interim financial information and with the instructions in Form 10-Q and Article 8-03 of Regulation S-X. Accordingly, these statements do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of interim financial information have been included. Operating results for the three and nine months ended September 30, 2019 are not necessarily indicative of the results that may be expected for the remainder of the year ending December 31, 2019 or any future interim period. The condensed consolidated financial statements include our accounts and those of our wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in the consolidation. On January 2, 2019, we entered into a Series A Preferred Stock Purchase Agreement with Vmoso, Inc., a Delaware corporation (“VMSO”), for the purchase of 745,000 shares of VMSO’s Series A Preferred Stock for a purchase price comprising the contribution of our intellectual property and other net assets. This transaction was considered a common control transaction, and the assets and liabilities were transferred to VMSO at carrying value and resulted in no gain or loss. The contributed assets represent substantially all of the intellectual property and other assets relating to our Clearvale and Vmoso platforms, including our Clearvale and Vmoso products and customer relationships and our My Vmoso Network (“MVN”) development project. VMSO will continue the commercialization of the Clearvale and Vmoso products and the development of MVN. Following the completion of VMSO’s sale of Class 1 Common Stock described below, the shares of Series A Preferred Stock owned by the Company represent approximately 19.9% of the total number of shares of VMSO’s capital stock outstanding. The rights, preferences and privileges of VMSO’s Series A Preferred Stock include a liquidation preference of $1.00 per share in addition to participating rights proportionate to the number of shares held. The fair value of the VMSO Series A Preferred Stock held by the Company upon completion of VMSO’s sale of Class 1 Common Stock described below was 33.3% of VMSO. On January 2, 2019, Dr. Pehong Chen, our and VMSO’s President and Chief Executive Officer and our largest stockholder, purchased 3,000,000 shares of VMSO’s Class 1 Common Stock, representing approximately 80.1% of the total number of shares of VMSO’s capital stock outstanding after such purchase, for a purchase price of $3,000,000 in cash pursuant to a Class 1 Common Stock Purchase Agreement between Dr. Chen and VMSO. The fair value of Dr. Chen’s non-controlling interest in VMSO upon completion of VMSO’s sale of Class 1 Common Stock was 66.7% of VMSO. On January 2, 2019, we entered into a Services and Facilities Agreement (“SFA”), with VMSO, the terms of which provide for the payment of certain fees to us by VMSO, in exchange for the contribution of our expertise, resources, services, as well as the limited use of our facilities in VMSO’s business and operations. The SFA was initially effective as of January 1, 2019 and was amended and restated on September 30, 2019 (“the A&R SFA”) . The A&R SFA substantially reduced the nature and number of services that we provide to VMSO , and instead, committed us to provide VMSO with only certain back-office services relating primarily to finance, human resources, information technology and infrastructure support, as well as a limited right to use and occupy our facilities in Redwood City, California , i n exchange for fees generally intended to permit us to recover the cost to us of providing VMSO with such services, facilities and equipment, with a nominal profit margin. The A&R SFA provides both parties with the flexibility to expand the scope of the agreement to cover any additional services by mutual agreement, as well as any services that are ancillary, incidental to, or necessary for the performance of the services contemplated by the A&R SFA. Since the execution of the initial SFA, we have acted as a reseller of VMSO’s Clearvale and Vmoso products, and we expect to continue to do so, with the A&R SFA contemplating our potential future execution of a formal Reseller Margin Arrangement with VMSO. The A&R SFA does not contemplate or result in a change in our ownership share of VMSO. The term of the A&R SFA shall continue until June 30, 2020, unless earlier terminated by either party, at any time, upon 30 days’ written notice and shall be renewable upon written consent from both parties . The Company consolidates variable interest entities (“VIEs”) in which it holds a variable interest and for which the Company is determined to be the primary beneficiary. Concurrent with the execution of the A&R SFA on September 30, 2019, the Company also terminated employees whose sole function was to support VMSO and its products and product development efforts: Vmoso, Clearvale, and MVN. As a result of the A&R SFA, the Company no longer controlled the management of VMSO, prompting and permitting the Company to deconsolidate VMSO as a variable interest entity effective as of September 30, 2019. Refer to Note 8. Discontinued Operations, for additional details on the deconsolidation of VMSO. As part of the deconsolidation of VMSO on September 30, 2019, the Company recorded its investment in VMSO at fair value of $1.5 million as of September 30, 2019 on the Condensed Consolidated Balance Sheet under the “Investment in Vmoso, Inc.” caption, removed the assets and liabilities of VMSO from the Condensed Consolidated Balance Sheet at net carrying value of $0.4 million, removed the noncontrolling interest in VMSO of $1.3 million from the Condensed Consolidated Balance Sheet and recorded a $2.3 million gain on deconsolidation of VMSO. The Condensed Consolidated Statements of Comprehensive Income (Loss), Stockholders’ Equity, and Cash Flows include the operating results, changes in stockholders’ equity, and cash flows of VMSO through September 29, 2019 prior to de consolidation on September 30, 2019. On October 29, 2019, we entered into an amendment to the A&R SFA with VMSO (the “SFA Amendment”), which further clarified the permitted limited use of our facilities , added certain billable financial services that we would provide to VMSO through at least the end of 2019, and provided us with the ability to incur, pay, and be reimbursed for certain expenses on VMSO’s behalf during the term of the A&R SFA. The assets and liabilities, operating results, and cash flows related to Vmoso and Clearvale products and MVN product development are presented as discontinued operations, separate from our continuing operations, for all periods presented in these interim Condensed Consolidated Financial Statements and footnotes, unless otherwise indicated. Refer to Note 8. Discontinued Operations, for details on the income and major components of assets and liabilities of our discontinued operations. |
Use Of Estimates | Use of Estimates The preparation of Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires management to make certain assumptions and estimates that affect reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, we evaluate our estimates, including those related to receivable reserves, stock-based compensation, investments, impairment assessments and income taxes, valuation of equity instruments, as well as contingencies and litigation. We base our estimates on historical experience and on various other assumptions that we believe are reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates using different assumptions or conditions. |
Liquidity | Liquidity The accompanying Condensed Consolidated Financial Statements have been prepared assuming the Company will continue as a going concern. During the nine months ended September 30, 2019, the Company had a net loss of $0.7 million from continuing operations and net cash used for operations of $2.0 million, and at September 30, 2019, the Company had working capital of $ 1.9 million. The Company has implemented cost reduction plans commencing the second half of 2017 to reduce the Company’s cash needs and reduced the cost of its operations by approximately $5 million in 2018 , and by an additional approximately $3.3 million in the nine months ended September 30, 2019 . The Company believes its cash and cash equivalents as of September 30, 2019, will be sufficient to fund operations for at least twelve months from the date of issuance of these C ondensed C onsolidated F inancial S tatements. However, further cost reduction may result in voluntary departures of highly skilled technical and managerial personnel, which would have a material adverse effect on our business, internal controls, financial condition and results of operations. We expect to opportunistically seek to raise additional funds through private or public sales of securities, strategic relationships, bank debt, financing under leasing arrangements or otherwise. If additional funds are raised through the issuance of equity securities, the percentage ownership of our current stockholders will be reduced, stockholders may experience additional dilution or any equity securities we sell may have rights, preferences or privileges senior to those of the holders of our common stock. We expect that obtaining additional financing on acceptable terms would be difficult, at best. If adequate funds are not available or are not available on acceptable terms, we may be unable to pay our debts as they become due, develop our products, take advantage of future opportunities or respond to competitive pressures or unanticipated requirements, which could have a material adverse effect on our business, financial condition and future operating results. The outcome of these matters cannot be predicted at this time. Our ability to continue as a going concern is dependent upon our ability to successfully accomplish these plans and secure sources of financing and/or reduce costs and ultimately attain profitable operations. |
Stock-Based Compensation | Stock-Based Compensation The following table sets forth the components of the total stock-based compensation expense recognized in our Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 30, 2019 and 2018 (in thousands): Three Months Ended Nine Months Ended September 30, September 30, Total 2019 2018 2019 2018 Cost of services $ — $ 13 $ — $ 38 Research and development — 4 — 26 Sales and marketing 2 10 10 37 General and administrative 17 7 46 73 Total stock-based compensation attributed to continuing operations 19 34 56 174 Total stock-based compensation attributed to discontinued operations — 33 — 126 Total stock-based compensation $ 19 $ 67 $ 56 $ 300 |
Leases | Leases The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities on the condensed consolidated balance sheets. As of September 30, 2019 and December 31, 2018, the Company did not have finance leases. ROU assets and operating lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. The Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The ROU asset also includes any lease payments made and excludes lease incentives. The lease terms may include options to extend or terminate the lease when it is reasonably certain to be exercised. Operating leases are recognized on a straight-line basis over the lease term. |
Net Income (Loss) Per Share | Net Income (Loss) Per Share Basic net income (loss) per share is computed using the weighted-average number of shares of common stock outstanding, excluding the effects of any potentially dilutive securities. Diluted net income (loss) per share is computed using the weighted-average number of shares of common stock outstanding and, when dilutive, common equivalent shares from outstanding stock options and awards using the treasury stock method. The following table sets forth the basic and diluted net income (loss) per share computational data for the periods presented (in thousands, except per share amounts): Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Net loss attributable to continuing operations (550) (451) (733) (1,786) Net income (loss) attributable to discontinued operations 1,684 (1,265) 115 (3,582) Net income (loss) $ 1,134 $ (1,716) $ (618) $ (5,368) Net loss per share attributed to continuing operations: Basic $ (0.11) $ (0.09) $ (0.15) $ (0.36) Diluted $ (0.11) $ (0.09) $ (0.15) $ (0.36) Net income (loss) per share attributed to discontinued operations: Basic $ 0.33 $ (0.25) $ 0.02 $ (0.72) Diluted $ 0.33 $ (0.25) $ 0.02 $ (0.72) Shares used in computing: Weighted average shares, basic 5,034 4,998 5,018 4,997 Weighted-average common equivalent shares from outstanding common stock options and awards 10 — 19 — Weighted average shares, diluted 5,044 4,998 5,037 4,997 |
Legal Proceedings | Legal Proceedings We are subject from time to time to various legal actions and other claims arising in the ordinary course of business. We are not presently a party to any material legal proceedings. |
Foreign Currency Translations | Foreign Currency Translations The functional currencies of all foreign subsidiaries are the local currencies of their respective countries. Assets and liabilities of these subsidiaries are translated into U.S. dollars at the balance sheet date. Income and expense items are translated at average exchange rates for the periods presented. Foreign exchange gains and losses resulting from the remeasurement of foreign currency assets and liabilities are included as other income (expense), net in the Condensed Consolidated Statements of Comprehensive Loss. The translation adjustment was a gain of $184,000 and $106,000 for the nine months ended September 30, 2019 and 2018, respectively. These amounts are included in the accumulated other comprehensive income ( loss ) account in the Condensed Consolidated Balance Sheets. |
Comprehensive Income (Loss) | Comprehensive Income (Loss) Comprehensive i ncome (loss) includes net income ( loss ) and other comprehensive gains and losses, which primarily consists of foreign currency translation adjustments. Total comprehensive income (loss) is presented in the accompanying Condensed Consolidated Statements of Comprehensive Income (L oss ) . Total accumulated other comprehensive loss is displayed as a separate component of stockholders’ equity in the accompanying Condensed Consolidated Balance Sheets. The accumulated balances of other comprehensive loss consist of the following, net of taxes (in thousands): Accumulated Other Comprehensive Loss Balance, December 31, 2018 $ (1,435) Net change during period 184 Balance, September 30, 2019 $ (1,251) |
Recent Accounting Pronouncements | Recent Accounting Pronouncements Recently Adopted Accounting Pronouncement In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842), which requires the recognition of an asset and liability for lease arrangements longer than twelve months. The Company adopted the new accounting standard on January 1, 2019, using the modified retrospective method and elected the package of practical expedients for expired or existing contracts, which allowed the Company not to reassess (1) whether contracts are or contain leases, (2) lease classification and (3) initial direct costs. The Company recorded right-of-use assets of $120,000 in “Operating lease right-of-use assets” on the Company's Condensed Consolidated Balance Sheet, and lease liabilities of $120,000 in aggregate in “Operating lease liabilities – current” and “other non-current liabilities” on the Company’s Condensed Consolidated Balance Sheet on the adoption date. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. Recently Issued Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326). This ASU requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. ASU 2016-13 is effective for the Company in the first quarter of fiscal 2023. Entities may early adopt the ASU in their fiscal years beginning after December 15, 2018. The Company does not believe this ASU will have a material impact on its Consolidated Financial Statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement (ASU 2018-13), which modifies the disclosure requirements on fair value measurements. ASU 2018-13 is effective for the Company in the first quarter of fiscal 2020. Early adoption is permitted. The Company does not believe this ASU will have a material impact on its Consolidated Financial Statements. In August 2018, the FASB issued ASU No. 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract. ASU 2018-15 clarifies the accounting for implementation costs in cloud computing arrangements. ASU 2018-15 is effective for the Company in the first quarter of fiscal 2020. Early adoption is permitted. The Company does not believe this ASU will have a material impact on its Consolidated Financial Statements. |
Organization And Summary Of S_3
Organization And Summary Of Significant Accounting Policies (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Organization And Summary Of Significant Accounting Policies [Abstract] | |
Schedule Of Components Of The Total Stock-Based Compensation Expense | Three Months Ended Nine Months Ended September 30, September 30, Total 2019 2018 2019 2018 Cost of services $ — $ 13 $ — $ 38 Research and development — 4 — 26 Sales and marketing 2 10 10 37 General and administrative 17 7 46 73 Total stock-based compensation attributed to continuing operations 19 34 56 174 Total stock-based compensation attributed to discontinued operations — 33 — 126 Total stock-based compensation $ 19 $ 67 $ 56 $ 300 |
Schedule Of Basic And Diluted Net Loss Per Share | Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Net loss attributable to continuing operations (550) (451) (733) (1,786) Net income (loss) attributable to discontinued operations 1,684 (1,265) 115 (3,582) Net income (loss) $ 1,134 $ (1,716) $ (618) $ (5,368) Net loss per share attributed to continuing operations: Basic $ (0.11) $ (0.09) $ (0.15) $ (0.36) Diluted $ (0.11) $ (0.09) $ (0.15) $ (0.36) Net income (loss) per share attributed to discontinued operations: Basic $ 0.33 $ (0.25) $ 0.02 $ (0.72) Diluted $ 0.33 $ (0.25) $ 0.02 $ (0.72) Shares used in computing: Weighted average shares, basic 5,034 4,998 5,018 4,997 Weighted-average common equivalent shares from outstanding common stock options and awards 10 — 19 — Weighted average shares, diluted 5,044 4,998 5,037 4,997 |
Schedule Of Accumulated Balances Of Other Comprehensive Loss | Accumulated Other Comprehensive Loss Balance, December 31, 2018 $ (1,435) Net change during period 184 Balance, September 30, 2019 $ (1,251) |
Revenues (Tables)
Revenues (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Revenues [Abstract] | |
Summary Of Disaggregated Revenue | Nine months ended September 30, 2019 Geographic region: Software Licenses - Non-hosted Maintenance Professional Services Total Americas $ 909 $ 651 $ 3 $ 1,563 Europe 54 480 3 537 Asia/Pacific 1 158 38 197 Total revenues $ 964 $ 1,289 $ 44 $ 2,297 Nine months ended September 30, 2018 Geographic region: Software Licenses - Non-hosted Maintenance Professional Services Total Americas $ 1,082 $ 592 $ 24 $ 1,698 Europe 115 548 71 734 Asia/Pacific 2 179 295 476 Total revenues $ 1,199 $ 1,319 $ 390 $ 2,908 Nine months ended September 30, 2019 Timing of revenue recognition: Software Licenses - Non-hosted Maintenance Professional Services Total Transferred at a point in time $ 964 $ — $ — $ 964 Transferred over time — 1,289 44 1,333 Total revenues $ 964 $ 1,289 $ 44 $ 2,297 Nine months ended September 30, 2018 Timing of revenue recognition: Software Licenses - Non-hosted Maintenance Professional Services Total Transferred at a point in time $ 1,199 $ — $ — $ 1,199 Transferred over time — 1,319 390 1,709 Total revenues $ 1,199 $ 1,319 $ 390 $ 2,908 |
Schedule Of Contract Balances | Nine months ended September 30, 2019 Balance at beginning of period Increases Decreases Balance at end of period Receivables $ 331 $ 1,920 $ 2,016 $ 235 Unearned and deferred revenues including current and non-current $ 792 $ 2,861 $ 2,256 $ 1,397 Nine months ended September 30, 2018 Balance at beginning of period Increases Decreases Balance at end of period Receivables $ 1,089 $ 2,631 $ 3,500 $ 220 Unearned and deferred revenues including current and non-current 1,913 1,520 2,518 915 |
Selected Condensed Consolidat_2
Selected Condensed Consolidated Balance Sheet Detail (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Selected Condensed Consolidated Balance Sheet Detail [Abstract] | |
Schedule of Other Current Assets | September 30, December 31, 2019 2018 (unaudited) VAT receivable $ 240 $ 480 Other 304 212 Total Prepaids and other $ 544 $ 692 |
Schedule Of Accrued Expenses | September 30, December 31, 2019 2018 (unaudited) Employee benefits $ 279 $ 169 Income tax 1 24 Sales and other taxes 116 287 Commissions and bonuses 33 18 Other 101 109 Total accrued expenses $ 530 $ 607 |
Schedule Of Other Non-current Liabilities | September 30, December 31, 2019 2018 (unaudited) Deferred maintenance and unearned revenue s $ 396 $ 133 Other 417 422 Total other non-current liabilities $ 813 $ 555 |
Fair Value Of Financial Instr_2
Fair Value Of Financial Instruments (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Fair Value Of Financial Instruments [Abstract] | |
Fair Value, Assets Measured on Recurring Basis | Fair Value at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable September 30, Assets Inputs Inputs 2019 (Level 1) (Level 2) (Level 3) Cash and cash equivalents: Cash $ 1,734 $ 1,734 $ — $ — Money market funds 435 435 — — Total cash and cash equivalents 2,169 2,169 — — Investment in Vmoso, Inc. 1,497 — — 1,497 Total $ 3,666 $ 2,169 $ — $ 1,497 Fair Value at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable December 31, Assets Inputs Inputs 2018 (Level 1) (Level 2) (Level 3) Cash and cash equivalents: Cash $ 1,628 $ 1,628 $ — $ — Money market funds 946 946 — — Total cash and cash equivalents $ 2,574 $ 2,574 $ — $ — |
Commitments And Contingencies (
Commitments And Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Commitments And Contingencies [Abstract] | |
Supplemental Cash Flow Information | Nine Months Ended September 30, 2019 Cash payments for operating leases $ 66 |
Lease Information | September 30, 2019 Weighted-average remaining lease term 0.75 Weighted-average discount rate 12% |
Schedule Of Future Minimum Lease Payments | Operating Leases Remainder of 2019 $ 41 2020 45 Total future lease payments $ 86 Less imputed interest 9 Present value of lease liabilities $ 77 |
Geographical, Segment And Signi
Geographical, Segment And Significant Customer Information (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Geographic, Segment And Significant Customer Information [Abstract] | |
Schedule Of Revenue Regarding Types Of Revenue | Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Software licenses Non-hosted licenses $ 284 $ 286 $ 964 $ 1,199 Services Consulting services 7 37 44 390 Maintenance 417 420 1,289 1,319 Total revenues from continuing operations $ 708 $ 743 $ 2,297 $ 2,908 |
Schedule Of Revenue By Geographic Area | Three Months Ended Nine Months Ended September 30, September 30, Revenues: 2019 2018 2019 2018 Americas $ 475 $ 462 $ 1,563 $ 1,698 Europe 174 215 537 734 Asia/Pacific 59 66 197 476 Total revenues from continuing operations $ 708 $ 743 $ 2,297 $ 2,908 |
Discontinued Operations (Tables
Discontinued Operations (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Discontinued Operations [Abstract] | |
Summary Of Discontinued Operations | The income from discontinued operations amounts as reported on our condensed consolidated statements of operations were comprised of the following (in thousands) : Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Major classes of line items consisting of pretax income from discontinued operations: Revenues $ 182 $ 221 $ 592 $ 902 Cost of revenues 1 40 3 3 Operating expenses: Research and development 634 1,169 2,093 3,612 Sales and marketing 241 277 752 869 General and administrative — — — — Loss before income taxes of discontinued operations (694) (1,265) (2,256) (3,582) Other income (loss), net 29 — 23 — Gain on deconsolidation of Vmoso, Inc. 2,349 — 2,349 — Total pretax income (loss) from discontinued operations 1,684 (1,265) 116 (3,582) Income tax expense (benefit) related to discontinued operations — — — — Net income (loss) from discontinued operations as presented in the condensed consolidated statements of comprehensive income (loss) 1,684 (1,265) 116 (3,582) Net loss attributable to non-controlling interest (446) — (1,492) — Net income (loss) from discontinued operations attributed to BroadVision $ 2,130 $ (1,265) $ 1,608 $ (3,582) The major components of assets and liabilities of our discontinued operations were as follows: September 30, December 31, (in thousands) 2019 2018 Carrying amounts of major classes of assets and liabilities of discontinued operations: Current assets: Accounts receivable $ — $ 145 Total current assets of discontinued operations $ — $ 145 Current liabilities: Accounts Payable $ — $ 41 Accrued expenses — 248 Unearned revenues — 128 Total current liabilities of discontinued operations $ — $ 417 |
Organization And Summary Of S_4
Organization And Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($) | Jan. 02, 2019 | Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Organization And Summary Of Significant Accounting Policies [Line Items] | |||||||
Other Comprehensive Income (Loss), Foreign Currency Translation Gain (Loss) Arising During Period, Tax | $ 184,000 | $ 106,000 | |||||
Net income (loss) | $ 1,134,000 | $ (1,716,000) | (618,000) | (5,368,000) | |||
Cash flow from operations | (1,993,000) | (5,325,000) | |||||
Working Capital | 1,900,000 | ||||||
Cash and cash equivalents | 2,169,000 | $ 4,349,000 | 2,169,000 | $ 4,349,000 | $ 2,574,000 | $ 8,560,000 | |
Cash and cash equivalents (VIE) | 3,987,000 | 3,987,000 | 3,742,000 | ||||
Decrease in operating costs | 5,000,000 | ||||||
Operating lease right-of-use assets | 60,000 | 60,000 | |||||
Lease liability | 9,000 | 9,000 | |||||
Investment in VMSO, Inc. | 1,497,000 | 1,497,000 | |||||
Investment, Carrying Value | 400,000 | 400,000 | |||||
Deconsolidation of Vmoso, Inc. | $ (1,294,000) | 1,300,000 | |||||
Gain on derecognition of Vmoso, Inc. | $ 2,349,000 | ||||||
Accounting Standards Update 2016-02 [Member] | |||||||
Organization And Summary Of Significant Accounting Policies [Line Items] | |||||||
Operating lease right-of-use assets | 120,000 | ||||||
Lease liability | $ 120,000 | ||||||
Common Class A [Member] | |||||||
Organization And Summary Of Significant Accounting Policies [Line Items] | |||||||
Percentage of outstanding shares after transaction | 33.30% | ||||||
Subsidiaries [Member] | Series A Preferred Stock [Member] | |||||||
Organization And Summary Of Significant Accounting Policies [Line Items] | |||||||
Sale of stock | $ 745,000 | ||||||
Liquidation preference | $ 1 | ||||||
Percentage of outstanding shares after transaction | 19.90% | ||||||
Subsidiaries [Member] | Common Class A [Member] | |||||||
Organization And Summary Of Significant Accounting Policies [Line Items] | |||||||
Sale of stock | $ 3,000,000 | ||||||
Percentage of outstanding shares after transaction | 80.10% | ||||||
Subsidiaries [Member] | Common Class A [Member] | Chief Executive Officer [Member] | |||||||
Organization And Summary Of Significant Accounting Policies [Line Items] | |||||||
Percentage of outstanding shares after transaction | 66.70% |
Organization And Summary Of S_5
Organization And Summary Of Significant Accounting Policies (Schedule Of Components Of The Total Stock-Based Compensation Expense) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based Compensation Expense | $ 19 | $ 67 | $ 56 | $ 300 |
Continuing Operations [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based Compensation Expense | 19 | 34 | 56 | 174 |
Discontinued Operations [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based Compensation Expense | 33 | 126 | ||
Cost of Services [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based Compensation Expense | 13 | 38 | ||
Research and Development [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based Compensation Expense | 4 | 26 | ||
Sales and Marketing [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based Compensation Expense | 2 | 10 | 10 | 37 |
General and Administrative [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based Compensation Expense | $ 17 | $ 7 | $ 46 | $ 73 |
Organization And Summary Of S_6
Organization And Summary Of Significant Accounting Policies (Schedule Of Basic And Diluted Net Loss Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Organization And Summary Of Significant Accounting Policies [Abstract] | ||||
Net income (loss) attributable to continuing operations | $ (550,000) | $ (451,000) | $ (733,000) | $ (1,786,000) |
Net income (loss) from discontinued operations | 1,684,000 | (1,265,000) | 115,000 | (3,582,000) |
Net income (loss) | $ 1,134,000 | $ (1,716,000) | $ (618,000) | $ (5,368,000) |
Net income (loss) per share attributed to continuing operations, Basic | $ (0.11) | $ (0.09) | $ (0.15) | $ (0.36) |
Net income (loss) per share attributed to continuing operations, Diluted | (0.11) | (0.09) | (0.15) | (0.36) |
Net income (loss) per share attributed to discontinued operations, Basic | 0.33 | (0.25) | 0.02 | (0.72) |
Net income (loss) per share attributed to discontinued operations, Diluted | $ 0.33 | $ (0.25) | $ 0.02 | $ (0.72) |
Weighted average shares, basic | 5,034 | 4,998 | 5,018 | 4,997 |
Weighted-average common equivalent shares from outstanding common stock options and awards | 10 | 19 | ||
Weighted average shares, diluted | 5,044 | 4,998 | 5,037 | 4,997 |
Organization And Summary Of S_7
Organization And Summary Of Significant Accounting Policies (Schedule Of Accumulated Balances Of Other Comprehensive Loss) (Details) $ in Thousands | 9 Months Ended |
Sep. 30, 2019USD ($) | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |
Balances, value | $ 1,401 |
Balances, value | 2,734 |
AOCI Including Portion Attributable to Noncontrolling Interest [Member] | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |
Balances, value | (1,435) |
Net change during period | 184 |
Balances, value | $ (1,251) |
Revenues (Summary Of Disaggrega
Revenues (Summary Of Disaggregated Revenue) (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Disaggregation of Revenue [Line Items] | ||
Revenues | $ 2,297 | $ 2,908 |
Americas [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 1,563 | 1,698 |
Europe [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 537 | 734 |
Asia/Pacific [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 197 | 476 |
Software Licenses - Non Hosted [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 964 | 1,199 |
Software Licenses - Non Hosted [Member] | Americas [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 909 | 1,082 |
Software Licenses - Non Hosted [Member] | Europe [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 54 | 115 |
Software Licenses - Non Hosted [Member] | Asia/Pacific [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 1 | 2 |
Maintenance [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 1,289 | 1,319 |
Maintenance [Member] | Americas [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 651 | 592 |
Maintenance [Member] | Europe [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 480 | 548 |
Maintenance [Member] | Asia/Pacific [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 158 | 179 |
Professional Services [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 44 | 390 |
Professional Services [Member] | Americas [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 3 | 24 |
Professional Services [Member] | Europe [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 3 | 71 |
Professional Services [Member] | Asia/Pacific [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 38 | 295 |
Transferred at a Point in Time [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 964 | 1,199 |
Transferred at a Point in Time [Member] | Software Licenses - Non Hosted [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 964 | 1,199 |
Transferred at a Point in Time [Member] | Maintenance [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | ||
Transferred at a Point in Time [Member] | Professional Services [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | ||
Transferred over Time [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 1,333 | 1,709 |
Transferred over Time [Member] | Software Licenses - Non Hosted [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | ||
Transferred over Time [Member] | Maintenance [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | 1,289 | 1,319 |
Transferred over Time [Member] | Professional Services [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenues | $ 44 | $ 390 |
Revenues (Schedule Of Contract
Revenues (Schedule Of Contract Balances) (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Revenues [Abstract] | ||
Receivables, Balance | $ 331 | $ 1,089 |
Receivables, Additions | 1,920 | 2,631 |
Receivables, Deductions | 2,016 | 3,500 |
Receivables, Balance | 235 | 220 |
Deferred revenue including short-term and long-term, Balance | 792 | 1,913 |
Deferred revenue including short-term and long-term, Additions | 2,861 | 1,520 |
Deferred revenue including short-term and long-term, Deductions | 2,256 | 2,518 |
Deferred revenue including short-term and long-term, Balance | $ 1,397 | $ 915 |
Selected Condensed Consolidat_3
Selected Condensed Consolidated Balance Sheet Detail (Schedule Of Other Current Assets) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Selected Condensed Consolidated Balance Sheet Detail [Abstract] | ||
VAT receivable | $ 240 | $ 480 |
Other | 304 | 212 |
Total Prepaids and other | $ 544 | $ 692 |
Selected Condensed Consolidat_4
Selected Condensed Consolidated Balance Sheet Detail (Schedule Of Accrued Expenses) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Selected Condensed Consolidated Balance Sheet Detail [Abstract] | ||
Employee benefits | $ 279 | $ 169 |
Income tax | 1 | 24 |
Sales and other taxes | 116 | 287 |
Commissions and bonuses | 33 | 18 |
Other | 101 | 109 |
Total accrued expenses | $ 530 | $ 607 |
Selected Condensed Consolidat_5
Selected Condensed Consolidated Balance Sheet Detail (Schedule Of Other Non-Current Liabilities) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Selected Condensed Consolidated Balance Sheet Detail [Abstract] | ||
Deferred maintenance and unearned revenues | $ 396 | $ 133 |
Other | 417 | 422 |
Total other non-current liabilities | $ 813 | $ 555 |
Fair Value Of Financial Instr_3
Fair Value Of Financial Instruments (Narrative) (Details) - Vmoso, Inc. [Member] $ in Millions | Sep. 30, 2019USD ($) |
Schedule of Equity Method Investments [Line Items] | |
Ownership percentage | 19.90% |
Market value | $ 1.5 |
Fair Value Of Financial Instr_4
Fair Value Of Financial Instruments (Fair Value, Assets Measured on Recurring Basis) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | $ 2,169 | $ 2,574 |
Investment in VMSO, Inc. | 1,497 | |
Total | 3,666 | |
Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 2,169 | 2,574 |
Investment in VMSO, Inc. | ||
Total | 2,169 | |
Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | ||
Investment in VMSO, Inc. | ||
Total | ||
Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | ||
Investment in VMSO, Inc. | 1,497 | |
Total | 1,497 | |
Cash [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 1,734 | 1,628 |
Cash [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 1,734 | 1,628 |
Cash [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | ||
Cash [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | ||
Money Market Funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 435 | 946 |
Money Market Funds [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 435 | 946 |
Money Market Funds [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | ||
Money Market Funds [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents |
Commitments And Contingencies_2
Commitments And Contingencies (Narrative) (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
Loss Contingencies [Line Items] | |||||
Warranty Term | 90 days | ||||
Warranty liability | $ 0 | $ 0 | $ 0 | ||
Operating lease right-of-use assets | 60,000 | 60,000 | |||
Operating lease liabilities – current | 58,000 | 58,000 | |||
Lease liability | 9,000 | 9,000 | |||
Operating lease cost | $ 56,000 | $ 114,000 | $ 169,000 | $ 768,000 | |
Minimim commitment | 12 years 6 months | 12 years 6 months | |||
Total cost | $ 13,000,000 | $ 13,000,000 | |||
Accounting Standards Update 2016-02 [Member] | |||||
Loss Contingencies [Line Items] | |||||
Operating lease right-of-use assets | 120,000 | ||||
Lease liability | 120,000 | ||||
Other Noncurrent Assets [Member] | |||||
Loss Contingencies [Line Items] | |||||
Lease liability | 0 | 0 | |||
Perpetual Software Indemnification Agreement [Member] | |||||
Loss Contingencies [Line Items] | |||||
Indemnification liability | 0 | 0 | 0 | ||
Officers And Directors Indemnification Agreement [Member] | |||||
Loss Contingencies [Line Items] | |||||
Indemnification liability | $ 0 | $ 0 | $ 0 |
Commitments And Contingencies_3
Commitments And Contingencies (Supplemental Cash Flow Information) (Details) $ in Thousands | 9 Months Ended |
Sep. 30, 2019USD ($) | |
Commitments And Contingencies [Abstract] | |
Cash payments for operating leases | $ 66 |
Commitments And Contingencies_4
Commitments And Contingencies (Lease Information) (Details) | Sep. 30, 2019 |
Commitments And Contingencies [Abstract] | |
Weighted-average remaining lease term | 9 months |
Weighted-average discount rate | 12.00% |
Commitments And Contingencies_5
Commitments And Contingencies (Schedule Of Future Minimum Lease Payment) (Details) $ in Thousands | Sep. 30, 2019USD ($) |
Commitments And Contingencies [Abstract] | |
Remainder of 2019 | $ 41 |
2020 | 45 |
Total future lease payments | 86 |
Less imputed interest | 9 |
Present value of lease liabilities | $ 77 |
Geographic, Segment And Signi_2
Geographic, Segment And Significant Customer Information (Narrative) (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019segmentitem | Sep. 30, 2018 | |
Concentration Risk [Line Items] | ||||
Operating segments | segment | 1 | |||
Number of primary geographical territories | item | 3 | |||
Minimum [Member] | Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ||||
Concentration Risk [Line Items] | ||||
Disclosure revenue from major customers | 10.00% | 10.00% | 10.00% | 10.00% |
Geographic, Segment And Signi_3
Geographic, Segment And Significant Customer Information (Schedule Of Revenue Regarding Types Of Revenues) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Segment Reporting, Revenue Reconciling Item [Line Items] | ||||
Revenues | $ 708 | $ 743 | $ 2,297 | $ 2,908 |
Software Licenses [Member] | ||||
Segment Reporting, Revenue Reconciling Item [Line Items] | ||||
Revenues | 284 | 285 | 964 | 1,199 |
Software Licenses - Non Hosted [Member] | ||||
Segment Reporting, Revenue Reconciling Item [Line Items] | ||||
Revenues | 284 | 286 | 964 | 1,199 |
Consulting Services [Member] | ||||
Segment Reporting, Revenue Reconciling Item [Line Items] | ||||
Revenues | 7 | 37 | 44 | 390 |
Maintenance [Member] | ||||
Segment Reporting, Revenue Reconciling Item [Line Items] | ||||
Revenues | $ 417 | $ 420 | $ 1,289 | $ 1,319 |
Geographic, Segment And Signi_4
Geographic, Segment And Significant Customer Information (Schedule Of Revenue By Geographic Area) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Geographical Revenue [Line Items] | ||||
Revenues | $ 708 | $ 743 | $ 2,297 | $ 2,908 |
Americas [Member] | ||||
Geographical Revenue [Line Items] | ||||
Revenues | 475 | 462 | 1,563 | 1,698 |
Europe [Member] | ||||
Geographical Revenue [Line Items] | ||||
Revenues | 174 | 215 | 537 | 734 |
Asia/Pacific [Member] | ||||
Geographical Revenue [Line Items] | ||||
Revenues | $ 59 | $ 66 | $ 197 | $ 476 |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) | Jan. 02, 2019 | Nov. 14, 2008 | Sep. 30, 2019 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Related Party Transaction [Line Items] | |||||||
Percentage owned | 0.00% | ||||||
Capital account balance | $ 0 | $ 0 | |||||
Current equity investment | 9,000,000 | ||||||
Aggregate payments | 0 | $ 1,300,000 | |||||
Deferred revenue | 1,397,000 | 1,397,000 | $ 915,000 | $ 792,000 | $ 1,913,000 | ||
Investment in VMSO, Inc. | 1,497,000 | 1,497,000 | |||||
Investment, Carrying Value | 400,000 | 400,000 | |||||
Deconsolidation of Vmoso, Inc. | (1,294,000) | 1,300,000 | |||||
Gain on derecognition of Vmoso, Inc. | 2,349,000 | ||||||
Common Class A [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Percentage of outstanding shares after transaction | 33.30% | ||||||
Common Class B [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Number of shares issued | 20 | ||||||
Subsidiaries [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Payable to related party | 1,000,000 | 1,000,000 | |||||
Deferred revenue | 200,000 | 200,000 | |||||
Subsidiaries [Member] | Common Class A [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Sale of stock | $ 3,000,000 | ||||||
Percentage of outstanding shares after transaction | 80.10% | ||||||
Subsidiaries [Member] | Series A Preferred Stock [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Sale Of Stock, Shares | 745,000 | ||||||
Sale of stock | $ 745,000 | ||||||
Liquidation preference | $ 1 | ||||||
Percentage of outstanding shares after transaction | 19.90% | ||||||
Chief Executive Officer [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
related-party receivable | $ 21,000 | $ 21,000 | |||||
Chief Executive Officer [Member] | Subsidiaries [Member] | Common Class A [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Percentage of outstanding shares after transaction | 66.70% |
Discontinued Operations (Narrat
Discontinued Operations (Narrative) (Details) $ in Thousands | 9 Months Ended |
Sep. 30, 2019USD ($) | |
Discontinued Operations [Abstract] | |
Assets and liabilities | $ 400 |
noncontrolling interest | 1,300 |
Investment in VMSO, Inc. | 1,497 |
Gain on derecognition of Vmoso, Inc. | 2,349 |
Derecognition of Vmoso, Inc. cash | $ 1,596 |
Discontinued Operations (Summar
Discontinued Operations (Summary Of Discontinued Operations) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
Major classes of line items consisting of pretax income from discontinued operations: | |||||
Pretax gain on derecognition of Vmoso, Inc. | $ 2,349 | $ 2,349 | |||
Net (loss) income from discontinued operations as presented in the statements of comprehensive income (loss) | 1,684 | $ (1,265) | 115 | $ (3,582) | |
Net (loss) income from discontinued operations as presented in the statements of comprehensive income (loss) | 2,130 | 1,608 | |||
Carrying amounts of major classes of assets and liabilities of discontinued operations: | |||||
Total current assets of discontinued operations | $ 145 | ||||
Total current liabilities of discontinued operations | 417 | ||||
VMSO, Inc. [Member] | |||||
Major classes of line items consisting of pretax income from discontinued operations: | |||||
Revenues | 182 | 221 | 592 | 902 | |
Cost of revenues | 1 | 40 | 3 | 3 | |
Loss before income taxes of discontinued operations | (694) | (1,265) | (2,256) | (3,582) | |
Other income (loss), net | 29 | 23 | |||
Pretax gain on derecognition of Vmoso, Inc. | 2,349 | 2,349 | |||
Total pretax gain on derecognition of Vmoso, Inc. | 1,684 | (1,265) | 116 | (3,582) | |
Net (loss) income from discontinued operations as presented in the statements of comprehensive income (loss) | 1,684 | (1,265) | 116 | (3,582) | |
Net income (loss) attributable to non-controlling interest | (446) | (1,492) | |||
Net (loss) income from discontinued operations as presented in the statements of comprehensive income (loss) | 2,130 | (1,265) | 1,608 | (3,582) | |
Carrying amounts of major classes of assets and liabilities of discontinued operations: | |||||
Accounts receivable | 145 | ||||
Total current assets of discontinued operations | 145 | ||||
Accounts Payable | 41 | ||||
Accrued expenses | 248 | ||||
Unearned revenue | 128 | ||||
Total current liabilities of discontinued operations | $ 417 | ||||
VMSO, Inc. [Member] | Research and Development [Member] | |||||
Major classes of line items consisting of pretax income from discontinued operations: | |||||
Operating expenses | 634 | 1,169 | 2,093 | 3,612 | |
VMSO, Inc. [Member] | Sales and Marketing [Member] | |||||
Major classes of line items consisting of pretax income from discontinued operations: | |||||
Operating expenses | $ 241 | $ 277 | $ 752 | $ 869 |