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Revenue from Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2019 and 2018 as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Product revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     RUO instruments

 

$

545,699

 

 

$

273,509

 

 

$

589,528

 

 

$

284,867

 

     MDx instruments

 

 

 

 

 

 

 

 

96,587

 

 

 

 

     RUO consumables

 

 

735,008

 

 

 

587,440

 

 

 

1,043,276

 

 

 

793,253

 

     MDx consumables

 

 

24,462

 

 

 

5,660

 

 

 

117,012

 

 

 

51,859

 

Total product revenue

 

 

1,305,169

 

 

 

866,609

 

 

 

1,846,403

 

 

 

1,129,979

 

Product-related services revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Custom RUO assay development

 

 

1,481,318

 

 

 

176,697

 

 

 

1,849,177

 

 

 

303,724

 

     RUO sample processing

 

 

1,637,881

 

 

 

980,006

 

 

 

3,391,293

 

 

 

2,323,155

 

Total product-related services revenue

 

 

3,119,199

 

 

 

1,156,703

 

 

 

5,240,470

 

 

 

2,626,879

 

Total product and product-related services revenue

 

$

4,424,368

 

 

$

2,023,312

 

 

$

7,086,873

 

 

$

3,756,858

 

 

Schedule of Collaborative Development Services

Collaborative Development Services Revenue

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Collaborative development services

 

$

1,371,952

 

 

$

2,887,454

 

 

$

1,912,272

 

 

$

5,312,560

 

 

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

 

 

113,038

 

 

 

466,885

 

 

 

475,778

 

 

 

1,055,701

 

Recognition of deferred revenue

 

 

(101,419

)

 

 

(424,434

)

 

 

(185,352

)

 

 

(711,205

)

Balance at June 30, 2019

 

$

128,166

 

 

$

92,451

 

 

$

534,826

 

 

$

755,443

 

 

 

 

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

 

 

90,352

 

 

 

169,000

 

 

 

135,041

 

 

 

70,918

 

 

 

465,311

 

Recognition of deferred revenue

 

 

(91,797

)

 

 

(238,724

)

 

 

(342,723

)

 

 

(181,235

)

 

 

(854,479

)

Balance at June 30, 2018

 

$

37,981

 

 

$

127,882

 

 

$

282,854

 

 

$

 

 

$

448,717