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Revenue from Contracts with Customers (Tables)
12 Months Ended
Dec. 31, 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 years ended December 31, 2018 and 2017 as follows:

 

 

 

Years Ended December 31,

 

 

 

2018

 

 

2017

 

Product revenue:

 

 

 

 

 

 

 

 

Instrument

 

$

351,885

 

 

$

385,143

 

Consumables

 

 

1,964,499

 

 

 

1,463,347

 

Total product revenue

 

 

2,316,384

 

 

 

1,848,490

 

Product-related services revenue:

 

 

 

 

 

 

 

 

Custom RUO assay design

 

 

964,241

 

 

 

419,515

 

Sample processing

 

 

5,840,765

 

 

 

4,529,250

 

Total product-related services revenue

 

 

6,805,006

 

 

 

4,948,765

 

Total product and product-related services revenue

 

$

9,121,390

 

 

$

6,797,255

 

Schedule of Collaborative Development Services

Collaborative Development Services Revenue

 

 

 

Years Ended December 31,

 

 

 

2018

 

 

2017

 

Collaborative development services

 

$

12,382,504

 

 

$

7,962,312

 

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

 

 

190,703

 

 

 

448,580

 

 

 

197,541

 

 

 

70,918

 

 

 

907,742

 

Customer deposits

 

 

131,864

 

 

 

 

 

 

 

 

 

 

 

 

131,864

 

Recognition of deferred

   Revenue

 

 

(245,446

)

 

 

(596,186

)

 

 

(443,677

)

 

 

(181,235

)

 

 

(1,466,544

)

Balance at December 31, 2018

 

$

116,547

 

 

$

50,000

 

 

$

244,400

 

 

$

 

 

$

410,947