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Revenue (Tables)
9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregated Revenue by Offering Type
The following table presents the Company’s disaggregated revenue by offering type (in thousands):
 Three Months Ended
September 30,
 20242023
 
Total Net
Revenues
Percentage of
Total Net
Revenues
Total Net
Revenues
Percentage of
Total Net
Revenues
Patient Services revenue recognized at a point in time:
Direct products$685 1.9 %$570 1.8 %
Third-Party Payer products3,917 11.1 %3,425 10.7 %
Patient Services revenue recognized over time:
Direct rental services1,923 5.4 %1,840 5.8 %
Third-Party Payer rental services12,277 34.8 %11,003 34.5 %
Total Patient Services accounted for under ASC 60618,802 53.2 %16,838 52.8 %
Device Solutions revenue recognized at a point in time:
Products4,731 13.4 %3,593 11.3 %
Services
2,575 7.3 %2,573 8.1 %
Device Solutions revenue recognized over time:
Services
1,841 5.2 %1,807 5.7 %
Total Device Solutions accounted for under ASC 6069,147 25.9 %7,973 25.0 %
Total Revenue Accounted for under ASC 60627,949 79.1 %24,811 77.8 %
Patient Services lease revenue
1,978 5.6 %2,451 7.7 %
Device Solutions lease revenue
5,393 15.3 %4,647 14.6 %
Total Revenue accounted for under ASC 842, Leases7,371 20.9 %7,098 22.2 %
Total Net Revenue$35,320 100.0 %$31,909100.0 %
 Nine Months Ended
September 30,
 20242023
 
Total Net
Revenues
Percentage of
Total Net
Revenues
Total Net
Revenues
Percentage of
Total Net
Revenues
Patient Services revenue recognized at a point in time:
Direct products$2,030 2.0 %$1,727 1.8 %
Third-Party Payer products11,182 11.1 %10,198 10.8 %
Patient Services revenue recognized over time:
Direct rental services5,724 5.7 %5,574 5.9 %
Third-Party Payer rental services35,144 34.8 %32,913 35.0 %
Total Patient Services accounted for under ASC 60654,080 53.5 %50,412 53.6 %
Device Solutions revenue recognized at a point in time:
Products12,886 12.8 %11,199 11.9 %
Services7,442 7.4 %7,608 8.1 %
Device Solutions revenue recognized over time:
Services5,850 5.8 %4,079 4.3 %
Total Device Solutions accounted for under ASC 60626,178 25.9 %22,886 24.3 %
Total Revenue Accounted for under ASC 60680,258 79.5 %73,298 78.0 %
Patient Services Lease Revenue5,537 5.5 %6,970 7.4 %
Device Solutions Lease Revenue15,218 15.1 %13,746 14.6 %
Total Revenue accounted for under ASC 842, Leases20,755 20.5 %20,716 22.0 %
Total Net Revenue$101,013 100.0 %$94,014100.0 %
Schedule of Accounts, Notes, Loans and Financing Receivable
(dollars in thousands)
As of September 30, 2024
As of December 31, 2023
$ Change
Accounts receivable, net$22,761 $19,830 $2,931 
Contract assets$980 $1,271 $(291)