| Schedule of Changes in Account Balances as a Result of the Adoptions of ACS 606 |
The following reflect the changes in account balances as a result of the adoptions of ACS 606:
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December 31, 2019
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As Reported
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Balances
Without
Adoption
of Topic
606
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Effect of
Change
Higher/(Lower)
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Assets
|
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Cash and cash equivalents
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$
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11,298
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$
|
11,298
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|
$
|
—
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Accounts receivable, net
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10,082
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10,082
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—
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Inventory
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19,531
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19,531
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—
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Prepaid expenses and other current assets
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6,430
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6,430
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—
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Total current assets
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47,341
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47,341
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—
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Property and equipment, net
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1,442
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1,442
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—
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Other assets
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6,676
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2,337
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4,339
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Total assets
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$
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55,459
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$
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51,120
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$
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4,339
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Liabilities and stockholders’ equity
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Current portion of long-term debt
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$
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9,821
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$
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9,821
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$
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—
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Accounts payable
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7,234
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7,234
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—
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Accrued expenses
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10,265
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10,265
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—
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Deferred revenue
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291
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291
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—
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Total current liabilities
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27,611
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27,611
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—
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Income tax payable
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1,961
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1,931
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30
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Long-term debt, less current portion
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362
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362
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—
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Total liabilities
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29,934
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29,904
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30
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Commitments and contingencies
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Common stock
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20
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20
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—
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Preferred Stock
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—
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—
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—
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Additional paid-in capital
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191,751
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191,751
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—
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Accumulated deficit
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(166,246
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)
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(170,555
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)
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4,309
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Total stockholders’ equity
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25,525
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21,216
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4,309
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Total liabilities and stockholders’ equity
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$
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55,459
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$
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51,120
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$
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4,339
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December 31, 2019
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As Reported
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Balances
Without
Adoption
of Topic
606
|
|
|
Effect of
Change
Higher/(Lower)
|
|
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Net revenues
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$
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116,251
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$
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116,251
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$
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-
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Cost of revenues
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81,742
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80,258
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1,484
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Gross profit
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34,509
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35,993
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(1,484
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)
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Operating expenses:
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Research and development
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26,064
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28,742
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(2,678
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)
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Sales and marketing
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13,908
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13,908
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—
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General and administrative
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16,182
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16,182
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—
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Restructuring costs
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|
736
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736
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—
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Total operating expenses
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56,890
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59,568
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(2,678
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)
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Income (loss) from operations
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(22,381
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)
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(23,575
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)
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1,194
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Interest expense
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(1,522
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)
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(1,522
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)
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-
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Other expense, net
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(543
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)
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(543
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)
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-
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Income (loss) before income taxes
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(24,446
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)
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(25,640
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)
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1,194
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Income tax expense
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(1,388
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)
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(1,388
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)
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-
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Net income (loss)
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(25,834
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)
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(27,028
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)
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1,194
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Net loss attributable to common stockholders
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$
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(25,834
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)
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$
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(27,028
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)
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$
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1,194
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Net loss per share, basic and diluted
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$
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(1.39
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)
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$
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(1.45
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)
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$
|
0.06
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Weighted–average shares used in computing
net loss per share, basic and diluted
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18,603,582
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18,603,582
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| Summary of Revenue From Customers |
The summary of revenue from these two customers was as follows:
|
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December 31
|
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2018
|
|
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Customer A
|
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$
|
1,067
|
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Customer B
|
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3,101
|
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Total revenues
|
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$
|
4,168
|
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The following table presents our Net revenue disaggregate by product category for the years ended:
|
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Year Ended December 31,
|
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2019
|
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2018
|
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(in thousands)
|
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Smartphones
|
|
$
|
57,981
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$
|
89,379
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Feature Phones
|
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52,714
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35,510
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Accessories/Other
|
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5,556
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10,776
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Total Revenue
|
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$
|
116,251
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$
|
135,665
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