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Revenue from Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2019
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 RUO and MDx 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, 2019 and 2018 as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

Product revenue:

 

 

 

 

 

 

 

 

     RUO instruments

 

$

47,866

 

 

$

11,358

 

     MDx instruments

 

 

92,550

 

 

 

 

     RUO consumables

 

 

304,231

 

 

 

205,813

 

     MDx consumables

 

 

96,587

 

 

 

46,199

 

Total product revenue

 

 

541,234

 

 

 

263,370

 

Product-related services revenue:

 

 

 

 

 

 

 

 

     Custom RUO assay development

 

 

367,859

 

 

 

127,027

 

     RUO sample processing

 

 

1,753,412

 

 

 

1,343,149

 

Total product-related services revenue

 

 

2,121,271

 

 

 

1,470,176

 

Total product and product-related services revenue

 

$

2,662,505

 

 

$

1,733,546

 

 

Schedule of Collaborative Development Services

Collaborative Development Services Revenue

 

 

Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

Collaborative development services

 

$

540,320

 

 

$

2,425,106

 

 

Schedule of Changes in Contract Liability

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

 

 

 

Product

Revenue

 

 

Custom RUO

Assay Design

 

 

Sample

Processing

 

 

Total Contract

Liability

 

Balance at January 1, 2019

 

$

116,547

 

 

$

50,000

 

 

$

244,400

 

 

$

410,947

 

Deferral of revenue

 

 

50,667

 

 

 

11,685

 

 

 

48,327

 

 

 

110,679

 

Recognition of deferred revenue

 

 

(36,544

)

 

 

(11,685

)

 

 

(117,695

)

 

 

(165,924

)

Balance at March 31, 2019

 

$

130,670

 

 

$

50,000

 

 

$

175,032

 

 

$

355,702

 

 

 

 

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

 

 

55,476

 

 

 

135,250

 

 

 

53,770

 

 

 

 

 

 

244,496

 

Recognition of deferred revenue

 

 

(65,345

)

 

 

(127,027

)

 

 

(261,561

)

 

 

(23,639

)

 

 

(477,572

)

Balance at March 31, 2018

 

$

29,557

 

 

$

205,829

 

 

$

282,745

 

 

$

86,678

 

 

$

604,809