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Revenue from Contracts with Customers (Tables)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Product and Product-Related Service Revenue from Sale of Instruments and Consumables

The Company had product and product-related services revenue consisting of revenue from the sale of instruments and consumables and the use of the HTG EdgeSeq proprietary technology to process samples and design custom RUO assays for the years ended December 31, 2022 and 2021 as follows:

 

 

Years Ended December 31,

 

 

 

2022

 

 

2021

 

Product revenue:

 

 

 

 

 

 

Instrument

 

$

609,627

 

 

$

1,385,665

 

Consumables

 

 

3,140,420

 

 

 

3,786,923

 

Total product revenue

 

 

3,750,047

 

 

 

5,172,588

 

Product-related services revenue:

 

 

 

 

 

 

Custom RUO assay design

 

 

20,000

 

 

 

48,350

 

RUO sample processing

 

 

2,596,173

 

 

 

3,685,890

 

Total product-related services revenue

 

 

2,616,173

 

 

 

3,734,240

 

Total product and product-related services revenue

 

$

6,366,220

 

 

$

8,906,828

 

Schedule Of Revenue By Primary Geographic Market

Revenue by primary geographic market for the years ended December 31, 2022 and 2021 was as follows:

 

 

December 31, 2022

 

 

 

United States

 

 

Europe

 

 

Other

 

Product revenue

 

 

1,904,025

 

 

 

1,839,445

 

 

 

6,577

 

Product-related services revenue

 

 

2,237,691

 

 

 

358,905

 

 

 

19,577

 

Total product and product-related services revenue

 

$

4,141,716

 

 

$

2,198,350

 

 

$

26,154

 

 

 

 

 

December 31, 2021

 

 

 

United States

 

 

Europe

 

 

Other

 

Product revenue

 

 

3,114,818

 

 

 

2,026,728

 

 

 

31,042

 

Product-related services revenue

 

 

3,063,381

 

 

 

198,336

 

 

 

472,523

 

Total product and product-related services revenue

 

$

6,178,199

 

 

$

2,225,064

 

 

$

503,565

 

Schedule of Changes in Contract Liability

Changes in the Company’s contract liabilities were as follows as of the dates indicated:

 

 

Product
Revenue

 

 

Sample
Processing

 

 

Total Contract
Liability

 

Balance at January 1, 2022

 

$

128,529

 

 

$

30,621

 

 

$

159,150

 

Deferral of revenue

 

 

293,158

 

 

 

197,904

 

 

 

491,062

 

Recognition of deferred revenue

 

 

(274,973

)

 

 

(201,525

)

 

 

(476,498

)

Balance at December 31, 2022

 

$

146,714

 

 

$

27,000

 

 

$

173,714

 

 

 

 

Product
Revenue

 

 

Sample
Processing

 

 

Total Contract
Liability

 

Balance at January 1, 2021

 

$

103,580

 

 

$

93,884

 

 

$

197,464

 

Deferral of revenue

 

 

286,349

 

 

 

587,091

 

 

 

873,440

 

Recognition of deferred revenue

 

 

(261,400

)

 

 

(650,354

)

 

 

(911,754

)

Balance at December 31, 2021

 

$

128,529

 

 

$

30,621

 

 

$

159,150