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Revenue from Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2018
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 three months ended March 31, 2018 and 2017 as follows:

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

2017

 

Product revenue:

 

 

 

 

 

 

 

 

     Instrument

 

$

11,358

 

 

$

22,579

 

     Consumables

 

 

252,012

 

 

 

518,565

 

Total product revenue

 

 

263,370

 

 

 

541,144

 

Product-related services revenue:

 

 

 

 

 

 

 

 

     Custom RUO assay design

 

 

127,027

 

 

 

41,287

 

     Sample processing

 

 

1,343,149

 

 

 

788,738

 

Total product-related services revenue

 

 

1,470,176

 

 

 

830,025

 

Total product and product-related services revenue

 

$

1,733,546

 

 

$

1,371,169

 

 

Schedule of Collaborative Development Services

Collaborative Development Services Revenue

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

2017

 

Collaborative development services

 

$

2,425,106

 

 

$

 

 

Schedule of Changes in Contract Liability

Changes in the Company’s contract liability were as follows as of the date indicated:

 

 

 

Product Revenue

 

 

Custom RUO Assay Design

 

 

Sample Processing

 

 

Collaborative Development Services

 

 

Total Contract Liability

 

Balance at December 31, 2017

 

$

39,426

 

 

$

197,606

 

 

$

354,911

 

 

$

245,942

 

 

$

837,885

 

Deferral of revenue

 

 

55,476

 

 

 

135,250

 

 

 

53,770

 

 

 

 

 

 

244,496

 

Recognition of deferred revenue

 

 

(65,345

)

 

 

(127,027

)

 

 

(252,811

)

 

 

(32,389

)

 

 

(477,572

)

Balance at March 31, 2018

 

$

29,557

 

 

$

205,829

 

 

$

155,870

 

 

$

213,553

 

 

$

604,809