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Revenue from Contracts with Customers (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2018 and 2017 as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Product revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Instruments

 

$

24,844

 

 

$

199,205

 

 

$

309,711

 

 

$

370,263

 

     Consumables

 

 

427,899

 

 

 

426,400

 

 

 

1,273,011

 

 

 

1,203,663

 

Total product revenue

 

 

452,743

 

 

 

625,605

 

 

 

1,582,722

 

 

 

1,573,926

 

Product-related services revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Custom RUO assay development

 

 

262,044

 

 

 

73,567

 

 

 

565,768

 

 

 

419,515

 

     Sample processing

 

 

600,057

 

 

 

893,618

 

 

 

2,923,212

 

 

 

2,428,863

 

Total product-related services revenue

 

 

862,101

 

 

 

967,185

 

 

 

3,488,980

 

 

 

2,848,378

 

Total product and product-related services revenue

 

$

1,314,844

 

 

$

1,592,790

 

 

$

5,071,702

 

 

$

4,422,304

 

 

Schedule of Collaborative Development Services

Collaborative Development Services Revenue

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Collaborative development services

 

$

3,391,534

 

 

$

2,130,694

 

 

$

8,704,094

 

 

$

2,433,105

 

 

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

 

 

$

490,536

 

 

$

110,317

 

 

$

837,885

 

Deferral of revenue

 

 

151,461

 

 

 

336,080

 

 

 

166,291

 

 

 

70,918

 

 

 

724,750

 

Recognition of deferred revenue

 

 

(135,980

)

 

 

(453,768

)

 

 

(403,677

)

 

 

(181,235

)

 

 

(1,174,660

)

Balance at September 30, 2018

 

$

54,907

 

 

$

79,918

 

 

$

253,150

 

 

$

 

 

$

387,975