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Revenue from Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 2018
Revenue From Contract With Customer [Abstract]  
Product and Product-Related Service Revenue from Sale of Instruments and Consumables

Product and Product-related Services Revenue

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 and six months ended June 30, 2018 and 2017 as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Product revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Instruments

 

$

273,509

 

 

$

148,479

 

 

$

284,867

 

 

$

171,058

 

     Consumables

 

 

593,100

 

 

 

258,698

 

 

 

845,112

 

 

 

777,263

 

Total product revenue

 

 

866,609

 

 

 

407,177

 

 

 

1,129,979

 

 

 

948,321

 

Product-related services revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Custom RUO assay development

 

 

176,697

 

 

 

304,661

 

 

 

303,724

 

 

 

345,948

 

     Sample processing

 

 

980,006

 

 

 

746,507

 

 

 

2,323,155

 

 

 

1,535,245

 

Total product-related services revenue

 

 

1,156,703

 

 

 

1,051,168

 

 

 

2,626,879

 

 

 

1,881,193

 

Total product and product-related services revenue

 

$

2,023,312

 

 

$

1,458,345

 

 

$

3,756,858

 

 

$

2,829,514

 

 

Schedule of Collaborative Development Services

Collaborative Development Services Revenue

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Collaborative development services

 

$

2,887,454

 

 

$

302,411

 

 

$

5,312,560

 

 

$

302,411

 

 

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 January 1, 2018

 

$

39,426

 

 

$

197,606

 

 

$

354,911

 

 

$

245,942

 

 

$

837,885

 

Deferral of revenue

 

 

90,353

 

 

 

231,500

 

 

 

72,540

 

 

 

70,918

 

 

 

465,311

 

Recognition of deferred revenue

 

 

(91,797

)

 

 

(301,224

)

 

 

(262,723

)

 

 

(198,735

)

 

 

(854,479

)

Balance at June 30, 2018

 

$

37,982

 

 

$

127,882

 

 

$

164,728

 

 

$

118,125

 

 

$

448,717