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Revenue from Contracts with Customers (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2019 and 2018 as follows:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Product revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     RUO instruments

 

$

324,023

 

 

$

24,844

 

 

$

913,551

 

 

$

309,711

 

     MDx instruments

 

 

90,468

 

 

 

 

 

 

187,055

 

 

 

 

     RUO consumables

 

 

1,026,221

 

 

 

283,635

 

 

 

2,069,497

 

 

 

1,076,888

 

     MDx consumables

 

 

32,165

 

 

 

144,264

 

 

 

149,177

 

 

 

196,123

 

Total product revenue

 

 

1,472,877

 

 

 

452,743

 

 

 

3,319,280

 

 

 

1,582,722

 

Product-related services revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Custom RUO assay development

 

 

2,129,251

 

 

 

262,044

 

 

 

3,978,428

 

 

 

565,768

 

     RUO sample processing

 

 

708,915

 

 

 

600,057

 

 

 

4,100,208

 

 

 

2,923,212

 

Total product-related services revenue

 

 

2,838,166

 

 

 

862,101

 

 

 

8,078,636

 

 

 

3,488,980

 

Total product and product-related services revenue

 

$

4,311,043

 

 

$

1,314,844

 

 

$

11,397,916

 

 

$

5,071,702

 

 

Schedule of Collaborative Development Services

Collaborative Development Services Revenue

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Collaborative development services

 

$

1,093,750

 

 

$

3,391,534

 

 

$

3,006,022

 

 

$

8,704,094

 

 

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

 

 

126,425

 

 

 

671,885

 

 

 

463,814

 

 

 

1,262,124

 

Recognition of deferred revenue

 

 

(172,610

)

 

 

(707,641

)

 

 

(229,192

)

 

 

(1,109,443

)

Balance at September 30, 2019

 

$

70,362

 

 

$

14,244

 

 

$

479,022

 

 

$

563,628

 

 

 

 

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